in sydney on friday, the australian shattered the previous record held by south africa's josh insulin. 30 hours and 11 minutes and to the cheers of dedicated onlookers. johnston did not stop there. he stayed in the water on his board into the evening to achieve a full 40 hours of non stop. sir. you're watching dw news from berlin up next. we've got a documentary film looking at mozambique land of treasures and turmoil. i'm terry martin. thanks for watching. every jenny is full of surprises. we've gone all out to give you some test one day in the foot of the great people. i'm in your northernmost count

please. ah, for a time one. still very much alive, dw channel, you'll guy to the special with recognizes where exactly it was fun and i've learned a lot our culture history, all their d. w. travel extremely worth a visit. ah, ah, the european central bank codes fast and it's fight against inflation. the latest interest rates high came with more statements about the strength of your banking sector, but could the bees approach still change? and the burning question at the heart of the use of christy plans should using

trees for bio energy counters, carbon neutral state of the business owner was in berlin. welcome to the program. the c b a signal to that. tackling inflation trumps all else. it is pressed ahead with not point 5 percentage point increase in your is an interest rates that have been cause for the central bank to turn down its approach in light of concern surrounding the global banking sector. however, you see the president christine legard says it is still determined to fight inflation and indicated that further rights rises would be necessary. she added that policy makers were monitoring market tensions money. let's speak to andrea springsteen, who is a professor of finance sentiments at the university of most to thanks a lot for joining us on the program. so what is the thinking behind e c b pressing forward with this 50 points rates hike? well actually i was not surprised. learning about it yesterday because of the see

be more or less had announce this additional step and i'm in credibility is really important for central bank. and so sticking to this original plan was no surprise for me. yeah. what would have been a surprise fast would have been if they raced it by just $25.00 points or not, raise it at all, which is what some analysts had wanted. but how would that have affected the bees wider strategy for tackling inflation? i'm in nowhere near their target rate, 2 percent or so. and so it would have been hard to believe that after not increasing the rate by 50 basis point, right? no, they would return to the initial path because interest rate hikes mean that you will slow down the economy, which is a problem in some sense. but slowing down the economy just to save some

banks would have been difficult to communicate to the public. but there are other sectors of society and i would say like to see interest rates not rising by too much more because of the impact that it yes you say it does have on economies. so is the c b walking this line correctly between trying to get inflation down, but also not having a big impact on the or is an economy? i think they maneuver themselves into the situation. i mean, the, the is, we're seeing now are pretty tough looking at the economic situation in general. but after having been very, losing their liquidity provision. that's something, as i said, they maneuver themselves into that the federal reserve in the u. s. a. signal it

may take that 10 down approach to raising interest rates. should we expect to see that from the c b next time round, perhaps in one of the next around. so i would say they will will slow down. yes. and it's not going to take it's toll on the overall approach. i mean, because you've already said that, you know, that that would be a reaction to what the banks want isn't not just saying is that the same thing just a later point? well, actually we have to clearly distinguish between banks in the us, in europe, and we do have a strict banking regulation in europe. or, i mean it's sometimes difficult to tell whether it's a matter of regulation or supervision. so i think the banks in the

area are better prepared and have more capital to withstand the effects of interest rate increases. so here in, in europe, the pressure doesn't seem that high to slow down the interest rate increases from the banking perspective. because in general, you should be aware that typically banks earn more money when interest rates are higher because then on the deposit side they can earn larger spreads. i say ok, interesting. stand from finance minister. thanks a lot for joining us on database business. my pleasure. well, the nearly 51000000000, you're a lifeline. credit suisse is a see from the swiss central bank by the company. some time investors have been calmed and the banks stock has regained some of its value. but the deeper problems

at credit suisse have not gone away. and the swiss authorities and now thinking about its future. zurich is credit 3 says home base and on the streets, it's business. as usual. people here appear to be largely unaffected, but the recent turmoil surrounding one of switzerland's biggest banks. most people here welcome the central banks move to lend more than 50000000000 dollars to the ailing bank. thanks to this, i think that's the right step at the moment. and now they have to show that they can do it well and are careful so that people have real confidence. again, it's a systematically important bank and it has to catch itself. and i think it will catch itself. many believe credit suisse may not have to use all the liquidity provided by the central bank, but they're glad the move calmed investors as the stock bounced back. after all, banks are more important to the swiss economy than chocolate and watches. it's not

likely that they're gonna use it, but the fact that it gives them market confidence sat, you know, the government will not let the bank to fail or they will intervene in the matter in masters panic. our assistant passes are so i think this is very effective way to kind of calm down the market moving forward. the swiss government is considering different scenarios including a forced merger. the idea is that you b us would take over the ailing credit suisse, but people familiar with the matter, c, u b us prefers to focus on its own wealth centric stand alone strategy, and is reluctant to take on risks related to credit suisse. now let's take a look at some of the other global business stories making than years. so the largest us banks have thrown a lifeline to troubled 1st republic bank by depositing $30000000000.00 into his

accounts to ease a sudden liquidity crisis. among the rescuing banks are j. p. morgan chase city group, bank of america and goldman sachs. argentina central bank has raised interest rates to 78 percent. the $300.00 basis point increase comes after year on year inflation exceeded a 102 percent in february, reaching triple digits for the 1st time. and over 3 decades. new zealand has become the latest country with at least past or restrictions on tick tock. banning the video app from any device is used by parliamentarians is due to cybersecurity concerns and it follows similar measures taken by the u. u. s. meanwhile, wants to band tick tock entirely. if chinese ant bite dumps went divest it steak and strikes it for german airports of lead to the cancellation of hundreds of flights on friday, german union verde called on security on ground handling staff at airports in dusseldorf, cologne, bon stood grip, stuttgart and bowden,

bowden to strike over pay and working conditions. in total, almost $700.00 flights with rounds, $89000.00 passengers were cancelled next, the word renewable might conjure up images of wind farms or solar panels. but what about burning trees? actually 60 percent of the ease renewable energy comes from wood and other bio mass, but around is brewing over bio energy status as an environmentally neutral source. an issue brought into the spotlight by europe's energy crisis. as europe's winter thaws, i don't firewood firms like this family business in southeast belgium would usually be winding down production. but the here customer orders are still stacking up love, aren't you? what's your physical muscles that dorm is like a resume? well, or physically you a upcoming park or is want in for box a man. oh, commercial scourge is gross at on portion. so of good on bronco marquee acre we're

looking. mm. burglary cool, sank for said simon, consumer, don't. plenty of it gives them one of these, anita the energy crisis, sparked by the war in ukraine. andre says demand has been booming, as people seek out alternatives to oil and gas and stock up on supplies, month in advance. the increased interest is having an impact, ma'am. washed in. we're, we're not sure. do appreciate them. cool. no worries you. the locals wanted to focus show supergroup, walked little governor in mustard of the new school, but away from the noise of daily production. the fundamentals and future of the firewood industry are no under debate, because more trees can be planted. wood is crossed as renewable energy in european union law. and that means governments can subsidize wood burning so long as certain sustainability criteria are met. but not everyone's happy about that would,

is officially considered neutral in brussels, carbon accounting, though burning, it causes emissions existing and future forests will absorb c o 2. but climate campaigners say that's to simplicity and argue the current subsidy set up is incentivizing environmental harm. what we see and today is billions of the euro's being given by member states to the volume us an industry. and this makes very little sense from mclamery perspective, you know. and instead of this money should be redirected to other choices, such as a wind, our solar or heat pumps. and i mean we're in the middle of climate crisis and we just can't load this kind of money to be directed in the wrong direction. you on your upper law, the eas rules on renewables are now being reviewed in brussels. some lawmakers want to further restrict which would, can qualify for state aid and cap, how much can be counted towards renewable targets. but industry groups worn this

could see prices sore and to jeopardize. europe's energy security legislators are trying to hash out a compromise, which is so far out of sight. but by the time this would dries out over the coming months, this market may be changed forever. now it's been a challenge for swimmers everywhere during the energy crisis topping up and embrace the cold or just pay more for a workout at a heated pool, but not for these swimmers. at ex smith leisure center in the u. k, they're doing laps in a heated pool and won't see any price hikes. that's because excess heat from a nearby data center is being used to raise the water temperature, where most of the data centers spend money to cool their service. these ones are immersed in oil, they all gets warm and is piped over to heat the water. the energy transfer has already, in spite of those 220 pools, the currently adopting the technology and a reminder of our top story, b, c,

b has press dad with not point 5 percentage point increase in your as an interest rates. signaling that tackling inflation trumps or else had been cause for the central bank to turn down this approach in light of concern surrounding the global banking. and that's all for me in the business team here in berlin for more head over to d, w dot com slash business. or you can find that on the deed of e news, youtube channel as well. and we're on facebook as d to we dot business, maybe we'll see you over that until then. take it into the conflict zone with sebastian. just over a year ago, the main russian attack on ukraine was launched from bella rooms. composition still survives there, even though it's leader is in exile with you ania. she's a roofing for ukraine victory. but she could propel her group

how invalid conflict on d. w, with our sports all in i mean, we say they were about giving up sports life every weekend on d w. just over a year ago, the main russian attack on ukraine was launched from bella luce, a country long, subservient to the cremeans will. but opposition still survives there, even though its leader is in exile in lithuania, convicted in the center of trying to seize power. she's threat line, a new sky routing for a ukrainian victory that she said could propel.