from it on for the next 30 days about muslims will refrain from eating or drinking from sunrise to sunset. every region has its own way to celebrate from colorful street lighting to mass prayers and sharing meals with him and friends. around $1800000000.00 muslims worldwide are expected to observe ramadan, which is intended to bring them closer to god and remind them of the suffering of the poor attorney's update at this hour. stephen beardsley is up next. as the business world reacts to a another interest rate hike from the u. s. federal reserve stating with guardians of truth, i had paid almost every price of being a jew in this country like to

a key taking on the powers that be they risk everything. john dunbar meets activists, journalists, and politicians living in exile. they were torture and they live for their mission. what drives them? people need to know what is happening there. are sillies guardians of truth watch now on youtube d. w documentary? ah, i'm see from beardsley in berlin. here's a look at our top stories. markets move in opposite directions after another bed interest rate hike is an end to the inflation battle in sight. where could there be bigger challenges ahead. international airlines are unhappy with india's tight fisted control over the countries lucrative aviation market and its preference for

a hometown operation. we'll have more from delhi also on our show, brazil reports progress in the fight against illegal gold mining for community se the damage is already done. welcome to our show. the latest rate hike by the u. s. federal reserve was pushing markets in different directions as investors puzzle out its broader implications in asia markets rose on hopes that the quarter point rate hike announced by fed chair jerome powell would be one of the last that was after shares on wall street fell. we address investors, they're focusing on powers comments about a possible credit crunch among banks. concerns over the banking sector, remain high after recent high profile failures sparked in part by those raised borrowing rates. and we're joined now by carson. jesse. he's chief economist, that i and g germany, carson, welcome back to the show that we both know at the fed is in an unenviable position

. it has to on the one hand, protect the stability of banks, which have been effected by fast raising, fast rising interest rates. it also, of course, has to fight inflation by raising those interest rates. was yesterday's decision, the right one? i think it was, and i always remember a former you see the president of iraq draw you i think once that if i'm criticized from both sides, from the more hawkish and the more diverse side for my decision, i made something right. so i think it was a very good compromise. the, the fed could not really blink to the terminal. we hadn't financial markets, they have to show that they're willing to, to fight inflation. that siding inflation is actually our, has a higher priority than financial stability. but at the same time, they kept the door open for, for stopping, where they are right now. and they didn't give markets the impression that they are willing to hike much further. so i think we're pretty close to peak interest rates

in the u. s. since yesterday night global markets of course have been anticipating what was going to happen yesterday. what does this news mean for europe in particular? well for you, for a year, but i think it currently means that both the major central banks had an e. c. b, have demonstrated that they did that they think or show that their installation fine determination is for real. i think that is an important one for europe as well . and it also shows that the fact things that the financial risk india are manageable, that they were, that they could afford to continue hiking interest rates, which is also a good time for europe. so i think, you know, it all shows some comfort that the terminal in financial markets in the banking industry could slow down also in europe. and that we're close to peak interest rates. not only in the us, but probably also a bit later in year. at the same time we heard powell speaking about a possible credit crunch among bank sort of suggesting that the,

the crisis may not be over that seem to alarm some investors. what did you make of those comments? in all honesty, steven, i'm not really surprised because for me, the, the tied me of monetary policy. so the most aggressive interest rates heights indicates that we've seen both in the us and in europe. we're to leave some marks on the read economy. so this is not a surprise, and this is what is happening right now. so it means yes, there will be some issues in the bank lending, which is a reason why we think that the u. s. economy will enter a technical recession. this is one of the reasons why we think that europe will be in a much more subdued recovery. because i think many analysts, many forecasts have been underestimating the adverse effects that we will be getting this year from this extreme aggressive hiking of interest rates over the last 12 month. all right, that's carson,

just key at i n g germany. thank you. we're shifting gears to india where foreign airlines are pushing for a greater slice of the countries growing aviation market, emirates, and turkish airlines among those companies, calling tuesday for the country to open up more international routes in and out of india during an ation conference in delhi their complaint comes in the plans to invest nearly $12000000000.00 in the aviation industry by 2025 and as flag carrier air. india raises its international ambitions in part, through the purchase of 470 aircraft. the current restrictions on international carriers went into effect during the 2008 financial crisis. after air india incurred heavy losses. that was going to charge again, deli charo. why is deli, so strict with granting foreign airline capacity in the country? well, stevens, the thing is india is one of the fastest growing aviation markets in the world. but

india also believes that bulk or for international traffic has been captured by international carriers. and now the government has been very categorical in saying is that it wants indian airline companies to expand recently the emission minister has been of speaking to the press and he's been making a very categorical comments that india is that an inflection point. there's going to be an explosion in air traffic in the coming years, and he wants indian companies to recapture the space a data foreign airliners have sort of cornered for several decades now. these foreign airlines obviously see india as quite a market for their expansion. what can we say about that market when it comes air travel? well said stephen lady has looked at one of the fastest growing evasion markets in the world. every and every, every aviation company in the world, once once

a shared, once a share of that by the end in the federal aviation minister job that i did this in the recently said that government estimates suggest that over the next 5 years of domestic and international traffic through 6 major airports of the country is boys to double increased by more than double to both for 20000000. now those are big numbers that even in an airline companies are looking at and foreign airliners. they're also looking at this federal budget. there's accounting for at least re developing at least 15 major airports and water boards and entered wrong and, and so on and so forth. so major expansion appears to be on the cards in the indian aviation market. the other side of the story is air india. it has big plans now after sale to tata group, including more long hall flights. how realistic are the company's ambitions? well, a stephen, there were

a lot of miss issa when the deal really took place. nobody was actually sure what the future is going to look like. but when finally air in your place, it's a deal of 470 new aircraft. it's a massive deal. it's almost unprecedented in the us. a v as in history and the 3 governments across the world celebrated it. now by placing this order in india has very much put itself in the game. and now that there's a lot of positivity about areas potential. so yes, the and now my analysts, i definitely are beat about it and he has plans to go about his business. but of course it remains to be seen when those planes are actually delivered. and when finally, does india begin at some massive expansion plan? there are other airlines also which of them in this fashion plans, but there you get to unfold or a char, a car to carry on air india. it's big plans. thank you very much. and we go now to some of the other global business stories making headlines. global

trade values hit record levels last year, despite growth in trade, falling into negative territory. in the final quarter of 2022, the united nations reporting the trade search to $32.00 trillion dollars before reversing course, blocking metron green goods like electronic cars and non classic packaging. those items sought strong growth throughout the year. germany is exporting more electric vehicles. speaking green goods last year, around half a 1000000 worshipped abroad. that's according to new officials, new official figures, rather as a surge of 65 percent compared to the prior year written was the leading destination for german made electric vehicles. ahead of the u. s. union organizers in france, a hundreds of thousands of workers will go on strike across the country today as protests against president microns pension reform continue traffic and air travel, travel are likely to be seriously disrupted. teachers are also walking off the job

while rolling strikes continue for many oil depot workers as well as garbage collectors. ailing chinese property developer ever grand has unveiled its long awaited restructuring proposal for its massive debts. the companies liabilities exceeded $300000000000.20. that's according to one estimate. every grant has long been on the verge of bankruptcy. while illegal gold mining has been a problem in brazil for quite a long time. for many indigenous communities in particular. it's the scourge that doesn't seem to go away. or new government agency is now fighting back and reports it's making progress with the locals. wonder if the damage is already done. brazil's federal police are calling it a new era in the battle against environmental crime. and in defense of indigenous people in the rain forest, the newly created environment and amazon department of the federal police says it

ousted nearly all of the illegal gold minors from the yano mommy people's territory in northern brazil. illegal gold and other mineral mining has devastated the region which is about the size of portugal, not just polluting rivers and scaring off wild game. miners have also threatened indigenous people with firearms. that's all lead to higher numbers of malaria, malnutrition, illnesses, and dens. quality. so similar to the gym, they are 180 communities and approximately 14215000 general mommy, people in a state of emergency, a major federal police say they focused on seizing equipment, including dredging raf, speedboats, and plains equipment is often and also destroyed please say this engine was used, any legal gold mining authorities say they've confiscated 1.2 kilos of gold and

it's for roughly half of the gold exported by brazil. the government is considering laws to crack down on gold laundering, but that would require electronic receipts. i shouldn't, but it sees it the hell we need a structure that isn't based on good faith seizure buzz yadda. it has to be on the approval for origin and a robust legal tracking system through text document suited the, the hash, the lead cow authorization, and the police were well support whenever there was suspicion that legal parameters were not fun. oh boy, did said go over one to school if yes, the gifts farms leg i her foot off in the indigenous people are suffering immense due to an illegal mining. how well a federal police say they are now conducting an investigation and to what could be a genocide of the yano mommy population. but many miners have not been arrested. and the fear is they'll move on to other regions of the amazon to continue their

you legal operations. and that's our show for more about these and other stories. you can check us out online, you w dot com slash business for also on youtube under the deed of the news channel. i've seen business blood. thanks roger. with eco, india. how can a country's economy grow in harmony with its people and the environment? when there are doers to look at the bigger picture, india, a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india equal india.

next on d w. now we've got some hot tips for your bucket list. ah, magic corner chat. hot spot for food, and some great cultural memorials to boot d w, travel off we go ah, lunch. we had a fundamental part of life on earth where the rain forests in added regions or in the underwater wood plant also essential to life in cities. how can be give them most space on this planet, even in places where they're different.