well 1st 3 d printed rocket has been launch successfully from cape canaveral in the united states though it failed to reach orbit. it was the 3rd attempt by private aerospace startup relativity. spice company sat, the rocket experienced an anomaly during its 2nd stage separation. 3 d printing is seen as a cheaper way of building spacecraft and setting new standards for space travel that set you up to date a lot more world news at the top of b, our daniel window has your d. w. business updates in just a moment. i have a good day i try several times. i went one on 6 times to greece in his

throat. i have to find life from 500 to 600. you currently more people than ever on the move worldwide in such a place? him, i know this is a very difficult journey and 13, i'm quite sure it's very hard. they beat you, they think or everything. all your stuff find out about someone story in so my going reliable needs to migrate wherever they may be. ah, it's a rate hike that toughest decision the fed has had to making 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 will go far enough. we'll get the break

down from brussels. also on our show, we take a look at sri lancaster, $3000000000.00 payout from the international monetary fund. can it help the country get back on track? is that time again? dw 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 to rome, 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 elementary. and teddy austro is in new york with more in this forest teddy, tell us more on the feds thinking behind this well, the 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, ultimately, 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 the fed 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 hike. now the question is, of course, at what cost will that i've come? and what does this say about the state of the u. s. economy going forward? whoa, there is always the question. putting the banks to the side right of recession. there was optimism at the beginning of this year with some good data coming out

that we may not only see a soft landing, but we may not see 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 pollution is cooling. the fed certainly is looking at it and saying that it's very sticky. the labor market is incredibly strong, which is good for workers with eyes. they feel that they need to put more pressure down and with credit tightening, of course that always leave possibility that investments will be taken away. there will be lay offs and depressing of wages. and of course reading the banks back into it all. we heading for a credit crunch. weather was whole pride in the beginning that silicon valley bank . this was somewhat continued because of the depositors are so concentrated tech sector. the tech sector has been incredibly susceptible to the federal in 1st grade . hi. we see a lot of damage there,

but of course this hasn't been fully contained. we have seen some smaller regional banks, affected signature bank failed with issues with pack west today. first republic is still trying to stay afloat. and overall, what we're looking at is the fed believing indeed that this isn't going to be a contagion that will spread. we'll have to wait and see 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 in silicon valley bank? all right, well hopefully we'll be able to borrow some money to get you a new mike that teddy sorry for the sound quality that. 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 of sent 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 work last year. more than double the amount in 2021. it's in bob 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 $15600000000.00 funding deal for ukraine aimed at showing up its economy, which the invasion has crippled. ukrainian officials, hope the i m f deal will encourage their allies to provide financial support by reassuring them. ukraine is pursuing strong economic policy. you proposals

to fight green washing of 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 that 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 inches 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, moe, 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 it 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 gio saying that just isn't simply such a thing as a carbon neutral banana for example. now 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 lo makers and also by you, member states will watch this space. these 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 show up the countries struggling economy of 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 lanka must commit to tackling the corruption and economic mismanagement. that is to blame for the current situation. feel uncle with a 1st, a country in asia where the i'm of will good, deep diagnostics on corruption and governments. 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 go 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 the sri lankan treasury secretary, my hinder serie was donna, whether the public would be likely to accept the sweeping reforms in the fall. although the idea some difficulties. but it really didn't in the very short period, but going ahead that would be report to do so that, that you would be able to, you know, reduce or negative and negative implications that are coming up of, you know, i think it's out of these last making them right in the back to be able 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 is a battles inflation. a chem and jerome powell hinted that further right types could be put on hold. higher interest rates have caused tomorrow in the banking industry . and you're 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 invalid. thank you very much for watching climate mutual. by 2045. germany's public transport system is going green. is it good bye to be old? but we know they're converting to electric energy which present a technical challenge. is it worth it for the climate?

absolutely. but what about for businesses made in germany? d. w. a fight for freedom in georgia. a controversial bill drives thousands into the streets and the pro russian government is actually giving it, it's a great victory for a demonstrator. buttons will at last focus on 60 minutes on d, w o l f, as in overcoming divisions. save the date for the d. w global forum

123 in bonn, germany ah, increasingly fragmented world with a growing number of voices, digitally amplified. we see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. save the date and join us for this discussion. as the 16th edition of d, w c global media forum ah ah, ah, once upon a time with banks were considered some of the favorite places to park your cash. but recent.