in florida we put in the caught, in the he says it's for his alleged involvement, abductions of children in ukraine and turkey. as president wretch of ty of edwin has announced approving finland's fit to join nato. the move comes off to talks between edwin and a spanish counterpart in okay, that's all for this show coming up. next is dw business that mary fina don't forget . that's all. we have more news on our website at w dot com and on my social media channels. i'm no massage as well. thank you for watching people and trucks injured when trying to flee the city center. more and more refugees are being turned away at the border. families play on the tags and the reason for these critical illness with people

lean extreme around getting 200 people around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind to w. made for mines. ah, ah, get ready for growth. that's according to the o. e. c. d. despite the banking term, all the group raises its world economic growth outlook, but it warns that the recovery is fragile or hit. we'll hear from one of the authors of the report and 1st republic stocks tumbling again,

even after rival bangs lend a helping hand. i'm out, he's enough. welcome. the always cd has improved its growth forecast for major economies, but warns that inflation is still a risk organization for economic cooperation and development now expects the global economy to grow by 2.6 percent this year. it's previous forecast was 2.2 percent. despite relatively positive signs, it warned that this is a fragile recovery pointing to uncertainty because of the war in ukraine and price pressures that we city also urges central bank to continue raising interest rates. i'm joined now by either bay cosco. she's one of the authors of the study. so always city urging central banks to keep raising interest rates despite financial turmoil. why does it seem to be convinced by the stability of the banking system

friendly? we think that high interest rate such as necessary, noted your bill of fund inflation and bring corn flakes down to the target. and we think that interest rates need to stay at a higher level. and in some countries, even rice, though they're one of course high interest rates, passing questions on financial markets, as we've just recently witnessed in the us when since then to make those other 2 men to deal with financial aid, instability concerns. and we think that they should use these tools, but use high interest rates to fight inflation. one of the countries that stands out in the outlook is india. your report predicts that it will grow the most out of any country in 2024, 7.7 percent overtaking china is in yes, a turn to be the center of growth for asia coming. i mean, in general, asian economies are, they shielded more than other countries from, from the current growth, slow down a party because they would be seeing

a low inflation rates and then other countries and obviously also less affected by the one your cream and in pro is quite strong in object info, it's also moderating and it's tied to financial conditions. but given that, of course, also the chinese economy is slow and they have been slowing in the past years. now in gas growth is actually higher than your outlook for the u. k. has slightly improved as only recording negative growth this year and your report. could you tell us a little bit a bit about why that is and also maybe the differences in different european countries, outlooks. i mean, and data in the united kingdom have surprised of it on the outside recently, as was the case also for a couple of other countries. still the bike, you know, out of the mission is still the course performing to 70 kind of mean an hour protection, which is related to

a strong cost of living. squeeze that the company is facing retail prices. so energy have increased more in, in, in comparable countries. while we're just not keeping up with prices, but there is, there is not what reason was that was basically because recent data, the price on an upside. what about if we look at europe in a comparative sense, how are different european economies expected to fair differently in the coming years? i mean this year, if we can, yes, they did the few big european countries, france, italy, and germany. we see that this year growth is weaker in germany than in the other 2 countries. and it's mostly because germany has been taken most strongly by the repercussions of the war. it is more dependent on russian gas. it is also more in the supply chain. so also, you know, the bottlenecks supply chains,

the closing of the chinese economy. last year this had logic in germany then on the other 2 countries. but going forward the german economy will also benefit more from the reopening of supply chain reopening in china. and that's also very strong export of the economy, which was activity going forward. so germany lagging behind there of it is a very cosco. thank you so much for speaking to us. welcome share is in the us bank 1st republic have tumbled yet again after a financial lifeline failed to calm investors. 11 of the biggest us banks including j. p. morgan chase and goldman sachs teamed up to rescue the san francisco based rival providing a $30000000000.00 cash deposit. first republic was hit by deposit or withdrawals. after silicon valley bank collapsed. shares have home 80 percent in the past week.

i am joined now by brad said sir, from the council on foreign relations. but sir said, sir, some of the biggest us bank's teaming up to save arrival. what's in it for these banks? well, i think all banks now have a stake in the stability of the u. s. financial system. i think all the major banks that participated and the deposit that was placed with 1st republic are looking to allow a little bit more time for a 1st republic to either raise funds on his own to recapitalize itself, which seems a bit unlikely or more likely. ridge to take over a 1st republic by one of the other major banks in the united states for public. so mid sized bank,

so it wouldn't be it wouldn't be unreasonable to see it purchased by another stronger regional bank or by one of the us bankers you just mentioned to take over by other banks. and we've seen that despite the financial lifeline, shares of 1st republic tumbled again today. and i was wondering if this evidence that contagious setting in i don't actually think so. i think 1st republic was known to be a weak bank even before silicon valley bank failed. i think it's widely recognized that 1st republic does need a recapitalization does need to be merged with a stronger partner. so i think this is just the market trying to guest the price at which that take who will take place. i'd like to take a step back and talk about one of the reason behind the demise of silicon valley

bank, which are these long term bond portfolios. now we've been speaking a lot about long term bond issues in relation to european and american bangs, but you've highlighted that there are looming risks in asia. could you walk us through what you see there? well, i think there are 2 sets of risk in asia and in japan. in particular, one is that japan is likely to raise its interest rates and that could generate some of the pressures on the long term. yen denominated bond portfolio that many japanese banks hold. the 2nd risk is that a number of japanese banks, project curly job trends, post bank, have large portfolios or u. s. bonds that their funding was short term fund money. and those particular trades are now money losing. brad said, sir, thank you so much. now it's clearly been a big week for the us market. gimme

a call to joins me now from wall street for the latest news. yes, bitcoin shooting up 30 percent and the price of oil diving. what's going on there? definitely, maria's a lot of movement in all of those markets at the moment of the sell, effectually and in bitcoin started almost on the day a year ago when they're a federal reserve started to their interest rates are cycle a to the m upside that did put a lot of pressure on a bit cons and now there is thought of the idea or speculation that the federal reserve soon might be done with increasing interest rates. and this is one of the reasons why a bit coins are coming back even if and weekly increase of i think at the end was 35 percent. it's definitely not her usually done on the other side. oil down for the week by 14 percent. well, the idea is that also of mr. turmoil in the financial system and the banking m a

system that we made to see some pressure on economic growth here in the united states, the biggest economy on the planet, but also a globally meaning probably less demand for oil. and therefore, we saw this huge pressure on the price of what a right. so as he mentioned, it's been an especially tumultuous, weak from the banking factor. what's next week's outlook? well, murray, it's very simple federal reserve for they will have said today meeting a tuesday and wednesday. so wednesday we will be a bit smarter and if the interest rates will be increased by $25.00 for basis points, that's at least what are people on wall street. and a lot of economists expect, at this point, it will be especially interesting because ahead of this fed meeting, there has been a quiet period. so all those federal reserve bankers were not really allowed to talk to the media for instance. so they could not really comment em on what's going

on in the banking system here in the united states. so that makes service a meeting next week, and especially the press conference or on wednesday, especially if the federal reserve would not increase interest rate. some at all that could somehow a point that the federal reserve is super concern, so that's what they don't want and an increase of more than $25.00 point. so probably would also not be too smart or was all of the after the trouble that we're having in the financial system at the moment. so important decisions ahead next week. thank you so much against kata. now swimmers have been faced with a tricky choice during the energy crisis toughen up and embrace the called, our pay more for your work out in a heated pool, but not for the swimmer as an excess leisure center in the u. k. they're doing laps and heated for and won't be any price hikes. and because excess heat from

a nearby data center is raising the water temperature, where most data center center spend money to cool their servers. these ones are unearth oil. oil gets warm and piped over to heat the water. the energy transfer has already and fired others. 24 are currently adopting the technology and that's our show for more tech r d w dot com slash business, and the dw news channel for me and the team here in berlin. thank you for watching . what's making the headlines and what's behind them. dw news africa, the show that was the issues have been the continent. life is slowly getting back to normally on the street to give you enough reports on the inside of our

cars fund that was on the ground reporting from across the continent and all the trend stuff. the mazda you next on d, w ah, mobile luxury made in china. the way coffee one this plugin hybrid is said to go 150 kilometers on only one charge. we put that to the test. and what else does it have to offer? read? in 60 minutes, oh d w o is key about olivia negotiable as i get out of medium, the global law. give up, garbage, done. but again, i just got into that and i kids,

yoga or in the yeah. but sure to let up joel media dog. currently, more people than ever on the move worldwide in such a better life to gia videos when a decade t mackwood on a la guardia mag, the from fusion management does our peers him and his g school or that was moved that he gets exposed, go to lunch with find out about all the story info, migraines, reliable news to migrate. wherever they may be. this is detail didn't use africa coming up on the program. the record break install. that's devastated south and africa. a hundreds die across the region of the superpowers, like little freddy targets, flats and landslides.