Date on the latest news and events. And d. W. Makes that part of traveling easy because its available and thousands of Hotels Resorts to ships worldwide. Where have you found the domain signing send us a picture that shows d w in your room you could win a great prize d. W. Dot com travel quiz. At the. British central bank has tried dampening down breaks it stopped inflation the bank of england raises Interest Rates for the first time in over a decade. Global investors hold out for making big bets today because of this plan to rope out he said to become the next head. Of the fed and tesla stalls electric comically delays delivery of its new sedan and post its biggest quarterly loss ever. And then fizzle and thats the business the bank of england has raised its key Interest Rate for the first time in more than a decade from one quarter of a percent to half a percent the rate increase was already priced into the markets so the focus now is whether the rate is likely to be slowly inched up over the next months higher Interest Rates could see the pound rise sharply. Over to frankfurt for the European Reaction on this story with all the bonds our financial correspondent ali would you say that this is a sign that the economy is now really pulling itself together in the u. K. Or is this a warning sign because it it breaks. Its a warning side warning sign because of. Some people say the weak the weakening british economy is about to strengthen again the labor market but the pound is still trading at fourteen percent below the level that it was trading at before the bracks a vote and the british people and industry are feeling it with imported inflation it means less buying power if the currency has dropped in value and people are feeling that with their buying power going down the tubes and this is what the bank of england is trying to address bring up that pound bring down inflation back to a healthy level it will considering less buying power for the brits whats going to be the impact of todays rates hike on them. That it will have a major impact less buying power for if it brings more buying power to the people internally it will also worsen exports his profits if indeed the pound goes up and it will also have impacts for all those many millions of mortgage holders especially those with variable rate mortgages their mortgages will go up the first time that many of the people who have taken out a mortgage on their home will have seen a rise in the price for Money Lending in that area since taking out the mortgage of course the other side of the coin is savers will get more return for their money. Thanks for breaking down the story for us. Today u. S. President donald trump is due to announce his pick for the new leader of the Federal Reserve will he be the new man at the helm of the worlds most important central bank if you believe an increasing number of reports he will his name is drug powwow hes been a fed governor since two thousand and twelve a centrist on Monetary Policy and hes known as a pragmatic and down to earth official with both private sector and government experience. The head of the u. S. Federal reserve is the most powerful central banker in the world some past fed chairman have even attained near cult status like Alan Greenspan he opened the money floodgates and sent equity markets into a feeding frenzy it led to a time of unprecedented growth fueled by credit. Until the bubble burst in two thousand and seven unleashing a Global Financial crisis greenspan wasnt around anymore it was his successor ben bernanke who had to do the damage control but he kept Monetary Policy loose the u. S. Economy had gotten used to extremely low Interest Rates a rapid reversal would have caused shocks to the system but it was business as usual under his successor janet yellen at least at first now shes opened the door to gradual rate increases amid stable growth in the us. Federal reserve stronger intervention in the economy stands in contrast to the policies of the European Central bank which has favored a lighter touch and focuses on inflation the fed reacts to developments in the job market yemens term ends in february. Jerome powell is the man tipped to replace or the former investment banker is a republican and already part of the feds governing board markets look ready to welcome such a choice hes nomination would signal continuity theoretically Stanford University economist john taylor remains a candidate but his chances are slim analysts caution that he might be quick to tighten policy. Janet yellen would normally be expected to serve a second term but because she was appointed by former president barack obama that is out of the question for the Current White House by replacing a fed chairman only after one term President Donald Trump looks set to break another tradition. And lets talk about this from our business desk last year a long time wall street correspondent for us did a lot of reporting on the fed would be a good choice absolutely ben he is a solid choice more than anything he has been with the feds for about five years on the board of governors so he has some experience however and thats very interesting about him as opposed to all his predecessors he has no what you would call formal training if you will in terms of Monetary Policy or monetary economics he has not studied that field he comes from the feel of law and a lot of years in the private sector so hes relatively new to the federal budget has been there for about five years could he breathe fresh air into the board system while a new chairman i guess always brings a little bit of fresh air but he will not bring a bigger changes he has over the last five years always consistently voted with janet you. That was during the time when they health Interest Rates are lowered almost zero percent and he has also voted with her when the fed started raising rates so we will not i cannot possibly see how we will see a big change here why replace yellen in the first place i mean continuity is a good thing for the markets. I guess this comes down to a Political Choice oh absolutely its a trump move absolutely ben we know President Trump and we know that he is not himself very policy oriented he does not understand or care about the details of Economic Policy what was very important for him is just to put his own mark on the fed he actually said that himself in interviews to he just wanted to nominate somebody it was actually funny that he was all over the map with these candidates he had harsher candidates yet hawks wanted Interest Rates to go higher he had wanted them to go lower and he didnt even care he just wanted his own person there and thats what hes doing is making actually a very informed and a very good choice so it looks like were going to get a republican but is it a one hundred percent certainty i mean could we see a last minute tweet it doesnt look like it anymore weve seen a lot of reports on paula now in the last couple of minutes too but of course this is still President Trump making a decision so you can always be in for a surprise if he does just reconfirm yellen i wouldnt be surprised at all she would be a good choice as well i dont expect it at this moment last of the thank you very much to the car troubles now over at tesla you know the trick comic or is burning through cash at a record rate quarter it was a whopping loss of six hundred nineteen million u. S. Dollars in production bottlenecks with its latest sedan the lang delivery hitting the companys share price. It promised to be the call of the future but the tesla electric cars sat in the parking lot of this california dealership all the older models the long awaited model three sedan around half the price of other testers is still nowhere to be seen production delays in the company posting its biggest quarterly loss ever soar its share slide five percent investors dont like surprises and when tesla c. E. O. You know must know the model in twenty sixteen it promised them a cheaper vehicle much sooner if you were fairly confident that it will be next year. And then in terms of price well of course it will be thirty five thousand dollars. Shes back then but now problems with its battery production among other issues mean its at least three months behind schedule meeting musk to hope his unwavering vision for the future is shared by customers as competition in the electric car segment revs up they could well take that wood is elsewhere. And lets pull into part of jim bello hes outside of one of teslas dealerships here in berlin to ponder their own course first i believe known for its ritzy shops and fast cars seen any teslas well i have only seen one tesla and thats the one in the showroom behind me right there and so thats the ones have foreseen that we havent seen any on the streets here so a lot of maseratis a few porches here and there and lot of you know german made cars of course but not hassles im afraid well germans do love their cars they love it tech and a real greenies i mean thats the perfect combo you could say for teslas why dont they sell well here. Well well first of all theres the price tag of the two models that are available right now at least in germany to be bought the moto aston the moto x. Are super expensive for most people the eighty thousand one hundred thousand dollars that they would take you back and of course the one you model the model three that weve spoken about in the report earlier that one that had a lot of bottlenecks in the production that could be affordable for most people at thirty five thousand but its of course one of the major reasons that we dont possibly see teslas but also germans who love german made cars its very difficult to convince german consumers to buy cars from other countries so well see once they get their production in place that they will be able to take on here and i did forget to mention that the germans are quite tight when it comes to money just tell me a general really briefly will be mobility catch on in europes biggest economy do you reckon well in terms of the mobility the biggest problem at least in germany is the charging stations so you can buy an ecard but its very difficult to charge them and i think thats the major issue that they have right now building the infrastructure for that and thats been a huge challenge here in germany especially ok lets see what the road ahead reveals on that front thank you very much for your reporting jim pond there on lins famous office. And i study business. The. Evening at the. In hamburg on a b c is when as was the coproduction. Exceptional artist of music at the two thousand and seventeen eco classic goma its. A romance next to the. Progress that where they start to divide the country i do its where they start to divide the language your blood will flow over to. The soviet union is breaking up part. Of the members of Russian Federation we have to find their own way but canonically. It was me credibly difficult. Just. Mockers he was a wise guy the elections were for all answer privatization was robbery the soviet Union Territory where does russia stand today and moscows empire our series starting november fifth on w listening and then from that day w we speak your language being something that. For content in dari pashto and order prospects for returning our web special to the refugee journeys of life in germany and the prospects for those returning home. And join the discussion on d w dot com and on facebook. Prospects for returning these d w may for minds. Of. Everyone welcome to another edition of euro max we are tuning our own horn today on d w heres a look at whats coming up