definitely, the european central bank _ europe? definitely, the european central bank is _ europe? ng _ europe? definitely, the european central bank is sending surveys l central bank is sending surveys frequently to banks to get more knowledge of the reality of what they see in terms of false and nonpayments. however banks in europe feel very strongly, the european central bank is also sending this message, they will increase probably 0.25%. also to send a signal that our banks are resilient and they can cope with it. if it our banks are resilient and they can cone with it— cope with it. if it is the case that banks across _ cope with it. if it is the case that banks across europe _ cope with it. if it is the case that banks across europe are - cope with it. if it is the case that banks across europe are much i cope with it. if it is the case that - banks across europe are much more cautious when it comes to lending, that would have a significant impact on as mrs ability to grow. this that would have a significant impact on as mrs ability to grow.— on as mrs ability to grow. this i

european central bank is focusing very _ lately. central bank is focusing very much on - is focusing very much on underlying inflation, inflation without food and energy, and on that number, we have seen the numbers rise still until march. we may now see that we are at the peak there, but it probably won't come down a lot yet. so the results for the european central bank will probably continue to hike rates for a while. especially as in addition to what we have discussed, wage pressures are also emerging and significant parts of europe, including germany. in parts of europe, including germany-— parts of europe, including german . , ., germany. in terms of the impact this is having _ germany. in terms of the impact this is having on _ germany. in terms of the impact this is having on consumer- this is having on consumer behaviour, what do we see across europe?— behaviour, what do we see across europe? there is a bit of consumer _ across europe? there is a bit of consumer hesitation, - across europe? there is a bit of consumer hesitati

and finally , the european central bank raised the key rate to 3.75% per annum, the new indicators coincided with analysts' expectations. and market participants, the regulator explains the growth by tightening monetary policy and continuing inflationary pressures. the central bank still expects that price increases in the euro area will be too high for a long time and intends to make further decisions taking into account the level of inflation. that was the news economy. have a great weekend and see you soon. the morning broadcast on tv channels belarus 1 and belarus 24 continues the zone x program. i’m karina pashkova hello, i chose the park of culture and recreation as a place for the sale of drugs in minsk, the police detained a 22-year-old seller’s girl , the dealer’s service dog also participated in psychotropic detention, she was just making hiding places for her customers when drug control officers raided from the caches and at the place of residence, business woman, operatives found over 20,080 grams of mephedrone. she managed to work with a courier for an online drug store less tha

us regional bank stocks tumble in pre—market trade — while european stocks held losses after the european central point. contracts on the s&p 500 fell as pacwest bancorp said it's in talks with several potential investors and first horizon corp. in their place, is a sophisticated system of sensors and monitors. allow them to travel faster with fewer hold—ups. allow them to travel faster with fewer hold-ups.— fewer hold-ups. you go over a “unction fewer hold-ups. you go over a junction and — fewer hold-ups. you go over a junction and we _ fewer hold-ups. you go over a junction and we go _ fewer hold-ups. you go over a junction and we go over- fewer hold-ups. you go over a junction and we go over the i fewer hold-ups. you go over a - junction and we go over the mainline waken increase their speed. we junction and we go over the mainline waken increase their speed.- waken increase their speed. we are very involved _ waken increase their speed. we are very involved in _ waken increase their speed. we are very involved in the _ waken increase their speed. we are very involved in the felixstowe - waken

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 end up going bankrupt? well, the look the trouble surrounding go 1st airlines. and it's been dealt a floating power outlet and it could become the 1st of a consolation that helps europe di carbonized. it's energy sector to walk into the show, obviously from grizzly and 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 la guard said the bank has more ground to cover against rising prices. 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 b 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 no

we talked to the european central bank vice president and he says they are entering the final stretche tightening cycle. >> interest rates are positive for the european banks but we cannot be complacent. we cannot focus only on the short-term impact of the interest rates. perhaps, we will have to look at what might happen in the near future. creative growth is decelerating. it's starting to erode. finally, low growth will have an impact on the banks. all these factors should be taken into consideration. given the uncertainty produced by events in the u.s. and switzerland, banks have to be prudent. capital is key and liquidity is becoming more and more relevant. that is why i think we cannot be complacent and for sure, supervisors will pay more attention to capital and liquidity. the different composition of the european banks. the outlook is very positive right now and they are going in the right direction. we are entering into the final stretch. tom: that was the european central bank vice president speaking exclusively to bloomberg earlier. let's take a deeper dive and see what we c

week on the w the is at 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 is 3rd largest airline end up going bankrupt to 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 flow walk into the show, obviously, but usually in berlin, the european central bank raised that's key interest rate by $25.00 basis points on thursday. it's 7 consecutive hike. is it battles persistent inflation across the single currency zone is to be present, christine, look, 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

cautiousness that would feed into the banking sector. 25 basis points would be a downshift from the european central bankou look at the calls, deutsche bank sees 25 basis points. but it is a close call, because you could spin a lot of the data in multiple ways. those who say 50 basis points is on the cards will point to inflation data still being on except -- being on except of lehigh. -- unnacceptably high. but when he put it together, the european central bank will hike. it's most aggressive tightening cycle to date. but it will go 25 basis points. manus: beyond the pace of hiking, madame lagarde learned to her peril when you go off script at a press briefing, it can be perilous. what other aspect will you be monitoring today? her press conference, or something specific? maria: by now we have learned that this is almost a twofold decision. when you look at the rates, you have to look at the implications in qt. that is the only way you get to a consensus decision at the ecb. madame lagarde was criticized for not being a trained economist. but one of the compliments is she is a good politician. she has a

the european central bank again raises interest rates, but slows its pace. we looked at what it could mean for european economies. also what our show, how does india's 3rd largest airline it ends up going bankrupt? well, the look the trouble surrounding go 1st airlines. and it's been dealt a floating power outlet and it could become the 1st of a consolation that helps europe de carbonized. it's energy sector to walk into the show. i'm just even barely in berlin. european central bank raise. that's key interest rate by 25 basis points on thursday. it's 7 consecutive hike. is it battles persistent inflation across the single currency zone? used to be present, christine la guard said the bank has more ground to cover against rising prices. and quote is not causing rate hikes, despite essentially slowing them on thursday. annual inflation was at 7 percent in march across the euro zone. the easy b has been hiking rates since july last year. the decision to raise rates more slowly, following a similar move by the federal reserve in the us last week. joining me now

european central bank again raises interest rates, but slows its pace. we'll look at what it could mean for european economies also on our show, how does and his 3rd largest airline ends up going bank rocks. we'll take a look at the trouble surrounding go 1st, airlines and it's been jobs, a floating power outlet, and it could become the 1st of a consolation that helps europe di carbonized. it's energy sector. the walk into the show. i've seen beardsley in berlin. european central bank raised its key interest rate by 25 basis points on thursday. that's it's 7th consecutive hike as it battles, persistent inflation across the single currency zone. you see the president christine le guard saying thursday, the bank has put more ground to cover against rising prices. it is not policy rate hikes despite essentially slowing them on thursday. the annual inflation was that 7 percent in march across the euro zone. the z b has been hiking rates since july last year. the decision to raise rates more slowly falls of similar move by the federal reserve last week. and we

chaar, who is chief economist at the swiss private bank lombard odier, has been telling me the european central bankomes to the eurozone samy chaar, who is chief economist the european central bank has little choice but to keep pushing interest rates up. there is some news in the report, the fact that overall inflation is coming down from its peak which was reached in october at 10.7, we are now down to 7%, still way too high for comfort. nonetheless energy costs are coming down. goods inflation is dependent on the supply chain and is also improving but the real problem is services because labour markets remain resilient, wage growth is high, and that forces the european central bank to maintain restrictive monetary policy, to force the slowdown in the european economy. that policy, to force the slowdown in the european economy.— european economy. that seems so counterintuitive _ european economy. that seems so counterintuitive but _ european economy. that seems so counterintuitive but it _ european economy. that seems so counterintuitive but it is _ european economy. that seems so counterintuitive

it's a beta european central bank from bathing out in different countries. would european governments respect these terms? would they guarantee places that should part of it to be restructured or cancelled, or should they help greece, page credited the heads of states could not reach an agreement. as you hesitated and to mock and speculate to the greek debt confidence collapse, the fear was that if greece restructured its debt, might the markets pulled back from spain from italy from la belle false, and might not. europe bring upon itself the catastrophe that it's so wish to avoid. and therefore, the argument was, it is far better to give grease all the money it needs to repay its indebtedness, then to run the risk that the market would perceive a solver and restructuring in europe. as is infectious, as contagious, only of to 6 long months of crisis. did you finally decide, despite the resistance from germany to men, greece enough to page quite as more? no one ever has you. brooke, green, i'm going to go up. you don't mind. you can see that guys have it back

momentum going into the meeting is at 25 basis points which would be a downshift from the european central bankd a lot of data over the past week. use of the lending survey that pointed towards jitters in the banking sector and fed through to european banks and credit conditions for households and also firms in the euro area. then the print mostly watched, core inflation for april which slowed to 5.6%. you put all this together and you could argue there is a case that monetary policy is working and feeding through but also a word of caution because of the situation in the banks which we saw play overnight has not really come down in the united states. going into this meeting, but if i basis points that takes momentum but there are calls out there were still safe 50 basis points could be warranted. the economy is still pulling along an inflation is still unacceptably high. tom: you have to wonder what the market reaction would be to a 50 basis point move from the ecb. it is always a fine line for christine lagarde and the central banks at this press conference. what will you be looking at in par

and the european central bank had been created to ensure its dependency, the at the time global growth was strong, the level of public debts was starting to decline. europe was breeding easy, the confident financial markets lent generously to governments. and the weakest economies, spain, greece in the portugal suddenly had access to loans of very low interest rates close to those available to germany. that low cost financial winful wasn't economic based on was well $1.00 of the, or the . 2 the meanwhile, in the united states, america's housing bubble was expanding. and in 2007, the sub prime crisis struck thousands of homeowners lost their homes. they had taken out loans with interest rates that rose shante, and they found themselves unable to make their mortgage payments. many banks were in danger. on september 15th, 2008 lehman brothers, one of the largest us investment banks collapse. let's just do the bundles of so please good for the minutes because of the stuff in my speaking with the missing send the funds the 2nd on call present tonight. so so the sky. so if i see a bonus shou

in it won't reduce more debt us taxpayers will be its builders bitter choices passed to the european central bank which is expected to take steps to raise interest rates the inextricable nexus of us-european banks could collapse at any moment the foundations of the wall are difficult to judge it seems to be building that us financial markets predict that it will begin as soon as possible. the central bank should shift its focus from curbing inflation to calming the economy as the expiration date of the corona-era policies that bar immigrants from entering approaches. thousands of immigrants gathered at the border of this country with mexico . let's see the bbc report about this. hundreds of immigrants gathered at the border in the hope that they will enter the american territory . every hour, the number of immigrants in america and mexico goes up. he climbs the hill and crosses the barbed wire but i can't go any further because it keeps american officials waiting for several days. it continues to be a very important week for the issue of immigration in the united states. the lead-up to thursday w

central bank hinted it could pause future hikes, the european central bank says the fight against inflation is not over. it marks the seventh straight rate increase by the ecb in less than a year. until last summer, its benchmark rate on deposits from banks had been negative for eight years. now it has gone up to 3.25%. meanwhile, some banking customers are becoming frustrated that while banks have been increased -- have been quick to increase borrowing costs, the rates have not been reflected on their deposits. >> slowing down its interest rate hikes but hinting more action is necessary, the european central bank says that eurozone's 7% inflation rate is still too high. >> it is not so much the destination that matters but the journey, and we are on a journey, ok? and we are not pausing. under present circumstances and based on what we have, we know that we have more ground to cover. >> previous interest rate hikes seem to be having their desired effect on reducing borrowing and spending. the ecb's lending survey this week showed the biggest drop in more than a decade. despite higher inter

and the european central bank had been created to ensure its dependency, the at the time global growth was strong, the level of public debts was starting to decline. europe was breeding easy, the confident financial markets lent generously to governments. and the weakest economies, spain, greece, it's in the portugal suddenly had access to loans of very low interest rates close to those available to germany. that low cost financial winful wasn't economic based on was well one of the . 2 the meanwhile, in the united states, america's housing bubble was expanding. and in 2007, the sub prime crisis struck thousands of homeowners lost the homes that had taken out loans with interest rates that rose shante. and they found themselves unable to make their mortgage payments. many banks were in danger. on september 15th, 2008 lehman brothers, one of the largest us investment banks collapse. let's just do the bundles of so please good for the minutes because it yourself, it must be good to me soon. send the funds the 2nd on call present tonight. so so the sky. so if i see a bonus should the remo

some hawkish language from european central bank chief. , christine lagarde, hinting more rate hikes could be coming, warning of stubborn inflation and the head of greece's stcenta bank in the ecb agreed saying rate hikes would end in 2023 they're talking tougher, tougher than fed and we've been sort of following this story of the divergence in central banks with europe in a single inflation mandate clearly not finished with what it has to do with, despite inflation the big question is the fed. we just don't know yet ahead of june >> we're definitely in that channel where a lot are pivoting and of course the two big ones but in that weird sort of transition phase, where who's going to make the move >> and the question is, is there anything -- is there anything disruptive about major central banks going in different directions yes for the foreign exchange market usually, but as long as st behaving it is, nothing's too sharp, it hasn't necessarily been a bad thing remember, the fed went a few months before the european central bank overall, i

you alluded to this divergence of the european centrist -- central bank. look at the headline inflation, we are expecting that to come in flat at 6.9%. any deceleration would be most welcome to put the number of what you know. what they will focus on is the core inflation, that is expected at 5.6%. it is a touch softer than the month prior. the message from the european central bank has been, when it comes to inflation, they want to focus on that or metric of or inflation, the dynamics that feed into that. when you strip away the volatility, which again, as soon as energy prices go down, headline inflation will follow. that has not been the case when it comes to core. manus: we are starting to see a move on the currency, up 4% since the start of march. what are the implications for the central bank on this one reading in isolation? or is it a cacophony of data that will drive whether they make a small or big move? maria: if you listen to the words of the head of the central bank, this will all be about the data. this is a central bank that will be data-dri

the european central bank, following the us federal reserve, simultaneously raised interest rates, an increase of the same 25 basis points or a quarter percent, as in the case of the fed , the decision of the cb. it was expected that all the efforts of regulators are now aimed at fighting inflation. how long it will last the head of the european central bank found it difficult to say e but clarifying questions, and answered only by repeating a phrase from the release with a mark quotes. well, this is nothing more than that, the maximum that a colleague in journalists managed to achieve from her. this is a statement that measures will be taken as long as they are needed. that is, while the planning horizon. ecb is not very far away. forecast inflation remains too high for too long in light of continued high inflationary pressures the board of governors has decided to raise the three key ecb interest rates by 25 basis points overall, the incoming information confirms the average daily inflation estimate we formed at our previous general meeting inflation has eased in recent months, but

this is the big number the european central bank watches out for.ve said repeatedly they will be mega data dependent, meeting by meeting, and focusing very much on core inflation and transmission dynamics. again, all data matters but the one that will be hitting the wire hours from now is crucial going into thursday. francine: what are the implications for the ecb depending on what kind of data we get? maria: from now on they have said it really is the data, they come with those numbers in mind. there is no forward guidance, it is meeting to meeting, it comes back to the data. the data also coming in very hot into the meeting. essentially there is a 24 hour lag. it is understood that thursday they will hike, will that be 25 or 50 basis points, there is a note at deutsche bank today suggesting there is arguments for both. they see 25 on thursday, but say they view this as a close call going into the meeting. 50 basis points before downshifting in june should not be ruled out. francine: thank you so much. bloomberg's european correspondent they are in

is a big celebration actually happening in frank fis on wednesdays, about 25 years of the european central bank. but i suppose that inflation is somewhat ruining the policy. how big is that? how big challenges like going to be full business is going forward and, and all the signs that it's going to stop moving in the right direction at least. so i think in some ways the slow down of the mind is assigned is moving in the right direction. but we are far from being out of the woods here because current placements that are rising and a it's now very difficult for central banks to strike a balance between putting on the brakes and avoiding and overshooting of monetary policy, which will take the economy into a recession, so it's a classical di lemme we have in the speculation, every situation a situation with high inflation rates and a relatively weak economy there. it's particularly difficult for central banks to do the right thing. i would expect. what they would do is maybe stop the interest rate rises and look how the economy develops and if necessary. uh, raise interest rate, small, but later.

make of this, a predicted increase of inflation this year in light of all the efforts of the european central bank to bring it down. well, originally, inflation had to do with that was the energy prices. now most of that part of the, the, a component of the crucifixion is now going away and what remained is what we call the 2nd drawn effects. wages are going high, understand them very because households and workers are asking for higher wages to deal with very high prices. and on top of that, we also see that the corporate sector has profit. so those are actually much higher than otherwise uh, otherwise seen. so there is like a feedback mechanism of work exhaustible high wages and firms increase price is to a witness high profit. so there is what they see because it takes for tests inflation. one asks and the other follows. this is what's making it sticky and therefore a here to stay for some time. maria ukraine is a candidate for you membership. so for the 1st time that your commission s projected ukraine's the economic growth saying it expects gdc gross of 0.6 percent of effort tumble up almost

central banks can go. ecb 25, will be located 25 basis point hike on thursday. bloomberg's european central bank correspondent and ira of bloomberg intelligence. starting with you, the data today is it worth 25. >> i would say so. it's been two reports today that were very inch -- anxiously awaited and both give the ecb reason to slow its fate -- slow its core inflation softer. it is at least going in the right direction, a bank lending. a bigger hit than expected, a bigger hit than banks expected. ecb asked about intentions and that's really reported tightening and receding demand. as policymakers talking about considering how far the ecb has gone since last july. and how these are now feeding into the system. just take a step back and see what is happening as it slowing down. guy: let me come to you and talk about what today's price action is doing that base case when it comes to the fed and broader markets. you have the debt ceiling to think about, and now we've got a resumption of the banking crisis. how does that surround the calculus of the fed? >> markets are on edge and that

we have to bear in mind that the target for the european central bank is a mid-term target. are on track to reach that target in the midterm. we have to hope and i have full confidence the european central bank will make the right decisions for inflation and make the forecast in the midterm and ensuring we continue to have strong growth and job creation in europe. >> reporter: now i want to draw attention to another topic the finance ministers are debating this morning that is sanctions against russia there is work under way in brussels preparing a new round of sanctions against russia. i asked the swedish finance minister who is chairing discussions today how far can the eu still go in terms of hurting the russian economy. >> what we need is more sanctions and we have to see the sanction in place with no loopholes and everyone sticks to the sanction we don't see that. that is important. we can have many more sanctions packages, but we need to see everyone is implementing it and using it as it should. >> reporter: so there has been a lot of speculation if the eu will decide

it's energy sector to walk into the show, i'm assuming there's heat in berlin. european central bank raise 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 la guard said the bank has more ground to cover against rising prices, and quote is not causing rate hikes, despite essentially slowing them on thursday. annual inflation was at 7 percent in march across the euro zone. the easy b has been hiking rates since july last year. the decision to raise rates more slowly, following a similar move by the federal reserve in 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 to be want to slow down re enter page and the size of rate hikes and what like that. because we have seen that the most aggressive monetary policy probably being in history is clearly leaving

i think also it is important that other european central bank of the managers, soft lending a without provoking a 2 strong recession by 2 strict moment monetary policy. but at the same time, not lose and to lee, which is of course, i'm a challenge in this situation because if inflation comes back then the situation won't be even worse. so, can we try and predict how long term is likely to stay in this recession? because the previous forecast has suggested that overall this year germany was going to be seeing gross. but is that still the case? yeah, the latest evaluation of business in this is, for example, the business climate index of the east to institute suggest that the economic mode is not brightening up at any time soon. so the index failed from 91 points in may of 290. 1 points in may from 93 points in april. so i think we will have a period of stick nation and it's very important to um, accelerate investments to initiate investment incentives of for industry and energy generation capacity. and all these things that will contribute to bringing prices down in the bro. all ok, ve

but yesterday when i put that question to finance ministers, they said, with respect to the european central bankave confidence in madame lagarde but there is now a real responsibility to tailor fiscal policy so we don't counter the effects of the central bank policy. that is what pascal donohue told me. >> there are signs the inflationary dynamic is beginning to change. from an overall level it is moderating downwards from where we were a year ago. but inside that, we are still saying -- seeing core inflation at too high a level. i believe 2023 and 2024, the ecb governments can take the steps needed to get inflation back to a level that it will not be the challenge that it is today for living standards and the ability of households and businesses to trade and live. maria: that was the head of the euro group yesterday talking exclusively to bloomberg. the other thing we picked up from a number of ministers is that companies will now have to pitch in if the cost of making things goes down, they want that reflected in the actions they take, and not perhaps profit. a lot going on as euro group conti

consumer prices edged up from 6.9% in march, which could further encourage the european central bank aise interest rates on thursday. joining me now is christian schulz, deputy chief european economist at citi bank. lovely to see you. so, the number is on the up, no great surprise considering what we have seen elsewhere, but the big question is how the central bank response. the ecb has made some progress, i guess, the base rate was in double digits at the end of last year, we are now down to 7%. no further progress in april, it seems. looking at the details, there are some positives. food inflation is down, it had been rising and rising. hopefully that is a trend that will continue. also called goods inflation, that is also decreasing for the first time. the bad news is, for the ecb, that services inflation keeps rising and thatis services inflation keeps rising and that is the surprise in this, really. we had expected at slight decline. that is driven by wages. the dilemma for the ecb and all central banks as they are looking at inflation figures that is telling us what has already

it won't cut american taxpayers will be the losers bitter choices passed to the european central bankected to take steps to raise interest rates donkey in the microwave the wall is inextricably linked american banks europe could collapse at any moment slowing down the hard wall foundations to it seems that this confusion is being created, which the financial markets of the united states predict will begin soon . data and helped to increase the population of this feline. the implementation of this project will increase the population of indian tigers to more than 3000. rashatudi network reports that wildlife has been a concern of indians for several decades. to implement according to the increase in population the positive results of felines can be seen. pictures published on social media of a tiger collar drinking water on the side of the road and the crowd that stopped with it to cross the road further are a sign of the success of the 50- year-old indian project. to protect the next generation, since 1973, the population of tigers in india has increased following the implementation o

meanwhile, the european central bank to slow the pace of interest rate increases. measure to ease for the first time in 10 months. officials at the central bank are raising the deposit rate by 3.25%. bloomberg has learned that the european union is discussing a new sanctions mechanism that would target countries that are not doing enough from being sanction. the process would focus on those that cannot explain pikes -- spikes of trade or technology. funds from apollo global management affiliates have agreed to by arconic read there is an equity value of $3 billion. the deal represents a 36% premium to the closing price on february 27 at it make space for other industries. pack west is trying to call markets after a 60% stock plunged which made it the focus of concern over regional banks. it says that core deposits have actually increased. it also says that is talking with investors. chairs plummeted after bloomberg reported that they were considering strategic options. global news, powered by 2700 journalists and analysts in more than 120 countries. i'm lisa mateo.

the two figures are way above the european central bank. issue is not so much this year, but the pickup for 2024, which would show the transmission is slowed to bring that number down closer to target. the flipside is, a few months ago, we were talking about the winter of hell for the european economy. this breakdown of the european industry where he says ultimately, there is still growth happening and you can flip it both ways. alix: it is interesting you bring up the dicey winter we never had. oliver, i wonder how much of this is predicated on the energy crisis not materializing and that is something we can pretend is never going to happen? >> there are a lot of ways to look at this. in addition to the commission's estimates, we had our own bloomberg surveys today. one thing that grabbed my attention, the eurozone chance of recession is 48%'s. the chance of recession in germany is 60%. it is something lagarde mentioned at the last press conference, there is eight a virgins in the economy. the consumer is doing well. the manufacturing cent

you for joining us in the studio this monday morning with 3.75% into the end of 2024 for the european central bankjari stehn, goldman sachs chief european economist. let's get the business flash now with sarah halls. sarah: gold giant newmont has agreed to by australian rival newcrest mining in a deal worth $19 billion. the transaction sees newmont consolidate his position as a world's biggest producer bullion with minds across the americans, africa, asia, and australia. it comes as global gold miners are facing a prospect of stagnating production and rising input costs. the u.k. and switzerland are kicking off talks for new free-trade agreement to boost ties between the two nations. trade secretary badenoch is set to meet her's was counterpart to date with formal negotiations begin to -- due to begin next week. the compromise for the two sides is a reduction in trade barriers in areas like finance and legal and professional services. vice media has filed for bankruptcy protection punctuating a rapid decline of the media upstart that once boasted a valuation of more than $5.5 billion. it follows a

the economic crisis has affected the entire eurozone today, the head of the european central bank , christine lagarde. announced a key increase rates immediately by 25 basis points. the reasons cited are high inflation rates unfavorable forecasts for the eu economy an example of europe suffering for their own anti-russian sanctions, a sobering stance on georgian politicians secretary general, ruling party, georgian dream mayor, tbilisi kakha kaladze said in an interview that a trade war against russia is pointless if georgian wine will not enter the russian market, we will destroy the russian economy is absurd, on the contrary, we will harm our people. why do we need to make our country unhappy? the eightieth anniversary is celebrated by one of the brightest original artists of our time, mikhail shemyakin, whose master is known on both sides of the ocean. today, his paintings are from sculpture in the halls of world museums, and monuments on the streets of both russian and foreign cities. but once he was actually taken out to flee abroad. shemyakin has been living in france for a long time, b