on the burning question at the heart of the electricity plan should using trees, but bio energy counters, carbon neutral state of a business owner of what's in berlin. welcome to the program. the c v. a signal that tackling inflation trumps all else it is pressed ahead with north point 5 percentage point increase in your is and interest rates that have been caused 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 the 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 announced 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 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 that obviously like to see interest rates not rising by too much more because of the impact that it, yes 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 so i think they maneuver themselves into the situation. i mean, the, the, 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 federal reserve in the u. s. the signal it may take that 10 down its approach to raising interest rates. should we expect to see that from the c b. next time round. in one of the next rounds, 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 is not just saying is that the same thing, just a point? well, actually we have to clearly distinguish between banks in the us and 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 than capital to withstand the facts 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 stuff from finance. sentiments to thanks a lot for joining us on to be a business. my pleasure. well, the nearly 51000000000, you're a lifeline. credit suisse is a see from the central bank by the company. some time investors having calmed and

the banks stock as we gain some of its value. but the deeper problems at credit suisse have not gone away and the special authorities. and now thinking about its future. zurich is credits reese's home base and on the streets, it's business. as usual, people here appear to be largely unaffected by 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 effect position. 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 is 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 fell or they will intervene or for the matter in masters panic, ah, assistant persist. and 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. citigroup. 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 zealanders become the latest country with at least partial 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 dance 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 out firewood firms like this family business in southeast belgium would usually be winding down production. but the here customer orders are still stacking up, leveled firewood sales. it usually begin in september and wrap up in february.

after that our truck would usually only leave to deliver orders once or twice a week until the next season. but this year, the truck is still leaving 5 times a week in march, as if it was the middle of winter and minus 10 degrees celsius. m one is 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. this increased interest is having an impact mon washed in. well, well, our supply and production costs have doubled. so we've also had to double our own prices to maintain profit margin singer in lecture to the new school. but away from the noise of daily production, the fundamentals and future of the firewood industry are now 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 wound 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 today is billions of the euro's being given by mumbo states to the volume us, um industry. and this makes very little sense from a climate 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 are in the middle of a climate crisis and we just can't loads is kind of money to be directed in the wrong direction. you on your upper law, the ease rules on renewables are know 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 warren, 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, toughen up and embrace the cold or just pay more for a workout at a heated pool, but not for these swimmers. at exmouth ledger center in the u. k, they're doing laps in a heated pool. i won't see any price hikes, that's because excess heat from a nearby data center is being used to raise the waters temperature, where most data centers spend money to cool their servers. these ones are immersed in oil, the oil gets warm and is piped over to heat the water. the energy transfer has already, in spite of this to 20 pools, 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 all else had been cause for the central bank to turn down its approach in light of concern surrounding the global banking metal from the business team here in berlin, from moorhead over to d, w dot com slash business. so he can find is on the deed of e news, youtube channel as well. and were on facebook as d to we dot business, maybe we'll see you over that until then. second. ah ah with

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a small handful of animals as edible and all the rest they classify as disgusting. a docu series about our complex relationship with animals. the great meat debate. this week on d w. o . ah, this is the to the news, live for an international arrest warrant for russians. president, international criminal court issues, a warrant for vladimir court in the hague, says it for his alleged involvement in abductions of children.