seen safety of naples into a frenzy after weeks of waiting for the title to be concerned, as just this said ever schedule. and natalie wrapped it up with 5 games despair. citywide policy is set to go on the web, the web is that coming up next? business with steven disney and the details of the latest increase in european interest rates are using it one use a d, w dot com. i told me a lot of people. this wasn't the guardians of truth. my name is junk and and i have paid almost every price of being enjoying this in the country. like to keep taking on the powers that be the risk. every

thing john doing dar essex activist, journalist and politicians living and anxiety too much on my shoulders. but i have to hold this weight because i'm responsible for the future. follow the country for the people who are behind the bus for their mission. people need to know what is happening there. you know, receiving guardians of truth watching it on youtube. dw documentary, the is that the beginning of the end of your ups, inflation driven rate hikes. european central bank again raises interest rates, but slows its pace. we'll look at what it could mean for european economies. also in our show, how does india's 3rd largest airline and ends up going bankrupt?

we'll have a look at the trouble surrounding go 1st, airlines and it's been dumped a floating power outlet, and it could become the 1st of a consolation that helps europe di carbonized. it's energy sector. hello, welcome to the show, obviously busy in berlin. the european central bank raised that's key interest rate by 25 basis points on thursday. it's 7 consecutive hike as it battles. persistent, inflation across the single currency zone is to be present. christine le, god said the bank has more grounds, the cover against rising prizes and quote is not causing rate hikes despite essentially slowing them on thursday. annual inflation was at 7 percent and march across the euro zone. the easy has been hiking rates since july last year. the decision to raise rates more slowly, following a similar move by the federal reserve and the us last week. joining me now is carson, just the chief economist for i n g. germany help us break this down with the c b

course and welcome back to show, 1st of all, any surprises here with this rate hike? no, not really. i think it was clear that these would be want to slow down either pays and the size of rate hikes. and what, why is that? because we have seen that the most aggressive monetary policy, timing and history is clearly leaving marked on the economy. all righty. so that was the time out as know things down from us again, how are we seeing the effects of all these rate hikes to this point? and now we're seeing isn't always what we saw. i see this week of the so called bank lending survey. so we see that there is very little credit growth into european economy. we see that banks record clear drop and demand for new loans, both from household and from corporate. and normally at the end of the week, week or demand for loans today is weaker investment and weaker spending tomorrow. so this is how we're seeing this, the impact of interest rate hikes. so far we will also see is um, you know,

it is more complicated to, to, to get a mortgage. it's more complicated to get into the real estate market. and this is what is gradually slowing down the economy. at the same time, if i go to the grocery store and look at the costs of food right now, i may say that these rate hikes aren't having the effect that i would expect when is inflation going to start going down? whitehead starting to come down, but me on the, on the bank off no longer increasing energy prices or use of lower energy prices, takes a while. and that's, you know, everyone getting in and you can nomics textbook knows that it's going to take between 6 and 12 months before you really see the full impact of interest rate on the read economy and where we don't, you start to come there now and um, so this means we will still have to wait probably until the end of the year to really see the full impact unfolding of the rate hives that we already have gotten until today. you already mentioned the other effects of raising these interest

rates, and that is the tightening credit conditions on the market. is there any danger for european economies, especially those that already have trouble borrowing and continuing to raise these rates of the guard also implying that these rate hikes will not stop. of course there is a risk and i think for a long long while the we have been arguing there are no and the girl the fact of the re types of course the everyone borrowing money knows that there is an impact of higher interest rates on boring and this doesn't hold for you and me, but there's also holds for, for governments, for example. so governments have much more difficulties to now get money in the financial markets. they have to pay a higher price and paying just higher price also means that at the end of the bill, this ride there will be less investment. there will be less public expenditures. so this is the more natural balance to how far they used to be. can go by high interest rates. all right, that's carson jessica with i n g germany. thank you very much.

let's go down to some of the other global business stories making headlines. the world bank has a new president. bhangra is an indian born american executive. and he's been held by the media and his birth country as the face of change for the global development lender on good was nominated by us present to abide last month. asian investors and credit suisse are joining in a series of landmark lawsuit against the swift government saying it mishandled the takeover through us. in march, the investors collectively lost nearly $17000000000.00 when their special class of bonds was written down to 0. as part of the deal, a new number of show, a surprisingly sharp drop in german exports in march compared to the month before germany. x 45 percent fewer goods, which shows how recovery in europe spriggs economy, means fragile. at the moment, drop came after 2 straight months of growth over the age and now india is

3rd largest airline. go 1st, filed for bankruptcy on tuesday and ground at all flights, leaving almost 100000 passenger strand that the carrier now owes its creditors. roughly $800000000.00 blames its troubles primarily on problems with pratt and whitney engines use and it's aircraft with go 1st thing it was forced to ground. so many flights of us engine baker has a, the airline is exaggerating its roll. go 1st. also struggle during the pen demik with strict rules, limited aircraft over to charge the card to kate in delhi. charlie go 1st, wasn't exactly a small player with market share around 10 percent before the pen to make what happened with steven. uh, go 1st in the, in southern c, filing satisfied with the tribunal, it has, uh, would the entire blame on for the engine supplied by pressing with me back. and with me being the american company that supplies engines to companies will know

that. and what both of us has said that it's engine started developing snags way back in 2020, but the seems betten but wouldn't be, couldn't do anything about those for the engines initially. so it was supposed to ground to say across and by december 2022 with this last december. the goal for says that it was forced to ground by the ground at least 50 percent of its fleet. now that was a big loss. it resulted to several other problems guess getting into the sort of a domino effect which brought a lot of financial strain on the airlines student a. this was in many respects a surprising turn of events. what does it mean for go 1st rivals and what is a very competitive market when it comes to asian in india? the 1st steven, it's a competitive market and it's, it's essentially it looks like good news for both of us rivals to us,

both as valuables which are listed on the union stock exchange spice to an indigo, the same prices went up yesterday. so it's already being seen as an indication that they're likely to benefit that a lot of us lots that belong to go fast to go 1st and those last we'd be a full grabs. these i was would be very happy to gain those laws as well. and especially indigo, looks like in, in a very happy position because that are also reports that list source of good for us to add that had provided a cross on leave might also be contemplating providing some of those a croft to indigo now. so good news altogether for all of us rivals. if this is such an attractive market, is there not perhaps value in an investor coming in and rescuing those airlines or well, that could be possibly the steven. but right now, what uh the owners of golfers have said is that they're still very much committed to the airlines and they're not looking at an exits and the owners being mostly by

the group. it's an old investor house in india. i'd also owns the companies in other areas like virginia and like one of the dying, the a it c o. in fact, address the press yesterday and said that the company is very much committed to it and said that even the central government does not want the airline to fame. so this thing that we've moved insolvency proceedings to revive the airline and not to be able to sell it, whether in the same branch of the scene. you also said that some company, some individuals have already expressed interest in buying their life. so as of now it's, it's, it's not entirely clear as to what it's future is going to be. of the creditors are also what it does to the exposure is about $800000000.00. so a lot of things of need to be resolved before the future of logo for us becomes clear. steven. alright, discharge the card to k and jelly. thank you. well,

offshore wind turbines are central to your apps efforts to de carbonized, the energy sector. but the technical problems involved, they're often complex, including how to store electricity efficiently and how to bundle that energy from different wind farms. a one potential solution is now flawed in the baltic sea. take a look. so this is the, the swimming electrical socket leaving the port of antwerp in the early morning hours on route to germany. it's 5 stories high clocking in at 4 and a half 1000 tons. all of the ports shipping have to be halted to secure the safe transport of the wind power platform. it was built by belgians elia group. the government displaced this on industry that supplies 40 percent of all the swimming sockets. to paula europe. the transformer station is the heart of the baltic sea off shore energy plan. this is how it works. electricity produced by a cluster of wind turbines is bundled 30 kilometers off the coast,

and then transferred on land to a single cable. from here, electricity can be fed into the grid. half a 1000000 households are expected to be powered by green energy that way. funding the energy from several turbines makes the system more efficient and prevents power loss. that's important as the we said it's green energy target to 40 percent by the end of the decade. so we will have to connect much more wind farms up the for sure going forward. and this one is quite important because if we bring this together at one platform doesn't bring it up to a higher voltage level. it's the most efficient way to bring wouldn't and that you to short, a few last adjustments. then the baltic eagle is ready to be tow it's towards offshore location, with will now help withdrew him and his energy transition plans affordable green energy is possible with builds and technology. germany shipyards aren't equipped to build such platforms. there are a couple of countries that were very early into offshore wind. so one of the

expertise that we have in belgium and the ability to build these kind of large platforms to prepare them to the sale of that, to bring to that, to, to the see where they are then will be use for $20.00 to $25.00. use the energy business is changing fast. politicians are still working on the new rule book, but it's already clear that wind energy will bring lots of opportunity, profit, and jobs. swimming sockets like the ones built in antwerp, are in high demand. and here's the reminder of our top story. steering and central bank has raised interest rates by another 25 basis points, and it's ongoing battle against inflation. that's a slow down from recent rate hikes. move comes after the federal reserve and united states also slowed its own rate hikes. that's it for our show. find a more online g, w dot com slash business. i think there's a blend, thanks want the

profits. patents protect their research and innovation. but indigenous peoples have been using them for millenniums and come away empty handed. those ancient wisdom have no value made in germany. next, on dw it might seem easy. how much can we do? similar multitasking is important because if we do too much of one to risky brain damage. so let's stop the self sabotage, the 45 minutes on d, w,

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