for the next 30 days, devout muslims will refrain from eating or drinking from sunrise to sunset. every region as its own way to celebrate from colorful street lights to mass praise and sharing news with family friends. around $1800000000.00 muslims worldwide are expected to observe run ramadan, which is intended to bring them closer to god and remind them of the suffering of the pool. 1 1 0, after a short break, daniel winter is up. we'll be up next 50 w. ah . hello guys. this is the 77 percent. the platform with issues and share ideas. you know, on the channels, we are not afraid to talk to and then he gets coffee. young people clearly have the

solution, good future notes to the 77 percent. every weekend on dw, we've got some hot tips for your bucket list. ah romantic corner tread hotspot for food and some great cultural memorials to boot w travel off. we go with oh, it's a rate hike the toughest decision the fed has had to make an a good long while. but will this increase the risks to the shady banking sector will get the view from wall street. also coming up environmentalists condemned the use new green washing rules saying that they don't so far enough. we'll get the break down from brussels

. also on our show, we take a look at sri lankan $3000000000.00 payout from the international monetary fund. can it help the country get back on track? is that time again? d. w. business, welcome. the federal reserve has raised its benchmark lending rate and a controversial decision that could hit the already embattled banking sector. fed chief jerome powell announced the court appoint boost its ongoing efforts to bring down suddenly high inflation. but higher interest rates have recently been blamed for causing the collapse with high profile lenders, such as silicon valley bank elements in the bank. and teddy austro is in new york with more in this forest teddy, tell us more on the feds thinking behind this well, this certainly was a very tough decision for the fed is valid thing. if major priority is to maintain financial stability. here in the u. s. economy economy but also to team very high

inflation record high inflation we've seen over the past year has been harm americans, wallace. now alternately, painting inflation did win out. the fed has calculated that duty so will not push the banking sector over the edge, but it certainly is paying attention to that turmoil just 2 weeks ago. right. we heard debates about whether or not that was going to do a more aggressive hike. and now we've talked about a potential pause, they've decided to do a quarter point high. now the question is, of course, at what cost will that come? what does it say about the state of the u. s. economy going forward? well, there is always the question putting the bank to the side right of recession. there was optimism at the beginning of the year with some good data coming out that we

may not only see a soft landing, but we may not be a recession here in the us at all. now some of that fear seems to be coming back, even with good data coming in, that position is cooling. the fed certainly is looking at it and saying that it's very picky. the labor market is incredibly strong, just that the workers are the eyes of the they feel that they need to put more pressure down and with the credit tightening, of course that always lead possibility that investments will be taken away. there will be layoff and depressing of wages and of course are reading the final back into it all. we heading for a credit crunch. well, there was whole right in the beginning that's look on valley bank. this was somewhat, can you because of the depositors are so concentrated in tech sector attack sector has been incredibly compatible to the federal interest rate hikes. a lot of damage

there. but of course it hasn't been fully contained. we have some smaller regional bank effective signature banks. failed, we've seen issues with pack today. first republic, it's still trying to stay afloat. and overall what we're looking at is the fed, believing indeed that this isn't going to be and that will spread. we'll have to wait. the treasury department, however, has said that it will find ways to back stop, other smaller regional banks. should they fail much like they've done on salaries banks? all right, well hopefully we'll be able to borrow some money to get you a new mike. teddy, sorry for the sound quality there, but thank you teddy, for that from new york. now to smother global business stories making news, an expert panel expects germany to avoid recession this year. the government's council of economic experts as the economy will grow 2 tenths for percent this year due to a more stable energy supply efforts to replace russian energy exports have gone

better than expected. official data showed a u. k. inflation unexpectedly jumped to 10.4 percent in february. the rise was driven by higher food prices. high energy costs were also a major factor in ports reached a record, a 132000000000 euros worth last year. more than double the amount in 2021. in barb way has launched a new 300 megawatt coal fired power plant to help ease power outages, blackouts, lasting as long as 19 hours of crippled businesses and households in recent months . the new power plant is largely funded by a chinese state run company. the international monetary fund has agreed to a $50600000000.00 funding deal for ukraine, aimed at showing up its economy, which the invasion has crippled. ukrainian officials hope the i m f d a will encourage their allies to provide financial support by reassuring them

ukraine is pursuing strong economic policy. if you proposals to fi, green washing have been slammed by environmental groups saying the plans have been watered down. rosie butchered has more from brussels. daniel, this is all about the european union trying to clean up and clamp don't on green washing. so we're talking about companies, boasting about environmental credentials, which don't necessarily stack up. in fact, and i think it's something many consumers will be familiar with that feeling of going through a store or browsing online and trying to find a way to spend your money in a more sustainable or environmentally friendly way. and consumers might be met with products which claim to be, for example, ocean friendly or causing half as many admissions, compared to competitors or similar products. and consumers might think, is this too good to be true? and what the you is saying is that sometimes that is indeed the case. now, brussels has come up with new proposed rules under which companies will be obliged

to back up their green claims to substantiate them with cold, hard scientific evidence. and those claims will have to be submitted to independent verifiers sanctions for breaching these rules could include temporary exclusion from a public funding. so we'll have to get in lane here. if these rules do indeed come into force. now virginia think of interest is the european environment commissioner, and he gave us idea of just the extent of the mess. the european commission is trying to clean up here more than half of the claims we see in the european market . they are weak, misleading, or even based on nothing at all. and this undermines trust and penalizes companies, businesses who are the ones really taking effective steps and making real efforts towards the greater sustainability. there are also too many different environmental

labels and discrete confusion. so rosie, tell us more about how these proposals have been received. it seems some environmental groups are not happy. there definitely is criticism being leveled at these proposals. now some environmental groups have come out and say that these suggested laws, well, they are promising bond that they simply don't go far enough. now, one of the criticism is that there is no real single standard which is being applied to these environmental claims. there's no one method by which companies will have to substantiate their claims. no. the counters this the european commission by saying that a didn't want to pursue a one size fits all approach. beyond that, some groups are also not happy that there is still a possibility for bronze to claim their products are carbon neutral. so to say they're offsetting the emissions associated with their products. either by, for example, planting trees or buying carbon credits. and we've had some groups,

for example, carpet market watch and, and geo saying that just isn't simply such a thing as a carbon neutral banana. for example, know this is not the end of this story. these are just proposals at this stage. that means they still need to be debated unapproved by the european parliament you law makers and also by you, member states will watch this space these a proposed laws could indeed be beefed up, tightened in future, or indeed water don't. rosie, thank you very much. moving to sri lanka now, which has received $330000000.00 from the international monetary fund. it's part of a $3000000000.00 bailout package to be dished out over the next few years to shore up the country's struggling economy. but the payouts come with stipulations attached requiring sri lanka to tackle the corruption and economic mismanagement that drove the country into crisis. after much anticipation,

sri lanka is finally slated to receive a total of $3000000000.00 from the international monetary fund as part of its bailout package. the funds will help the country begin to dig its way out of its worst economic crisis in 7 decades. but the package has conditions, sri lankan must commit to tackling the corruption and economic mismanagement. that is to blame for the current situation. feeling good with the 1st country in asia where the arm of will do a deep diagnostics on corruption and governance. and the report will come out in september which will provide a roadmap for what needs to be done in terms of improving governance and recent corruption. last year, sri lankan took to the streets to demand accountability from their government. the protest led to the ousting of former president got to buy a raja park so his family had long been accused of stealing assets and driving the country's finances into the ground. under current president,

ronelle wicker m a singer, things seem to be stabilizing. sri lanka, central bank says its reserves have improved and that the black market no longer controls the foreign currency trade. and it's come at a cost to ordinary sri. lankan taxes have gone up. energy subsidies cut even with a bailout. the road to recovery will be long. we asked sri lankan treasury secretary my hinder siri, while donna, whether the public would be likely to accept the sweet seeing reforms will be formed. although the idea some guys but it really didn't in the very short period, but going ahead that would be report to do so that, that you wouldn't be able to, you know, reduce or make it a negative implications that are coming off of, you know, i think it's out of these are not making them rises in the context of you have to do, and we are looking forward basically increment forms in a much now for

a reminder of our top story, the federal reserve has raised its benchmark lending right by a quarter point as it battles, inflation, the chairman jerome powell hinted that further right types could be put on hold. higher interest rates have closed terminal in the banking industry. and your up to date with d w business. remember we're also on youtube. just check out the d. w. the news channel for me and the business team here in belin, thank you very much for watching. i conflict zone with sarah kelly as the fighting rages in russia's war of aggression against ukraine. the international criminal court has issued a warrant for putin's arrest. my guest, this legal conflict zone has called the deportation of children, a genocide and demands justice, ukrainian m p and chair of the parliamentary committee on integration of ukraine

for the u. ivana claim push inside that joins me from 2 conflict zone next on d. w or flying rivers created by a waterfalls flowing water particles into trees. sweating out up to 1000 leaders of water in a day for sea forest fires, evaporating large amounts of moisture with the answer in the invisible river that flows through the sky. in 45 minutes on d, w. o. did in wide wing extremists, i suggested again, wild might be in company late and burned in south africa. people with disabilities

more likely to lose their jobs in pandemic black lives matter. shine a spotlight on racially motivated police violence, same sex marriage is being legalized in more and more countries, discrimination, inequality, or part of everyday life. for many, we ask why? because life is diversity. to make up your own mind. d. w. lead for mines with, as the fighting rages in russia's war of aggression against ukraine. the international criminal court has issued a warrant for putin's arrest, accusing him of the war, crime of unlawfully transferring at least hundreds of children from occupied areas of ukraine to russia. my guest this week on conflict zone has called the deportation of children, a genocide and demand.