i'm stephen beardsley in berlin. we've been talking about the global crunch in energy supplies in recent weeks. now, perky is feeling the strain. ankara has ordered its biggest gas consumers among them, electricity producers and large factories to scale back massively for 3 days. in effect, that means power outages and stoppages on factory floors. now behind the decision is a supply problem in a ran as the source of about 16 percent of gas supplies going into turkey ran.

business news with my colleague stephen beardsley is coming up next. i'm abby called us and for all of us here at the w inter being with us.

130 year old complex has already sustained, extensive damage and that's all for me up next. stephen beardsley is here with all your business use. i'm next vice are in berlin. thanks to watch people in trucks injured when trying to see the city center more and more refugees are being turned away. families please on the theory for these correct only is we located administrative people fleeing screen dreams. ross getting 200 people, his son imaging around the world, more than 300000000 people are seeking refuge. yes, the wine because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, our nuclear and gas green energies, a new e u draft rule says both should be eligible for the sustainable financing offered by banks and investors and sought by companies to critics caught greenwashing and say it could harm the confidence energy transition. also on the show even renewables have their dirty sod retired wind turbines aren't easy to dispose of. we'll visit the polish business now, putting them to good use. hello and welcome to the show. i'm seen beardsley in berlin and we

130 year old complex has already sustained, extensive damage and that's all for me up next, stephen beardsley is here with all your business news on nick's pfizer in berlin. thanks to watch people in trucks injured when trying to flee the city center more and more refugees are being turned away.

we've got stephen beardsley with us from dw business safe investors around world have been eagerly awaiting this decision from the fed up. why is it so important? what's important because let's start with a domestic economy, right? hiking rates essentially makes borrowing more expensive. and when that happens, that cuts into corporate profits and also cuts into loans, that means mortgages, car loans, credit cards, things like that, that brings down consumer spinning. so overall it takes steam out of the american economy. the american economy is the world's biggest economy. it spills well out over its borders. that means that any time that economy contracts a little bit, you're going to see a reaction across the globe. and there's 2 other things. consider one is that for, for export into the u. s, this could be good for them because the u. s. dollars should get higher in relation to their currency. that's a good thing for them. but for emerging markets, it could be a bad thing. one reason is that many peg their debt to us dollars. if the price of that debt then goes up, they have more to pay