loss of feeling. in gaza officials say the least 56 people have been killed in air strikes at least 7 israelis have been killed by hamas rocket attacks. you're watching. next with business. people in trucks trying to flee the city center more and more refugees are being turned away. to see. these quick. demonstrators. the extreme. telling people. to hold more than 300 people are seeking

a few. minutes. because no one should have to flee. her make up your own mind her w. . made for mines. u.s. consumer prices jumped much more than expected in april fueling fears higher inflation may be around for a while. also on the show europe's biggest economy wraps up its climate goals fighting the german industry under pressure to clean up their act. and high speed internet brings american and ugandan surgeons together and one operating. this is the business i'm joined now by not so happy you can join us americans paid

to more for groceries clothing and cars in april then in the month before as the country's economic recovery pushes up prices from pandemic low figures showed wednesday figures released wednesday showed a jump of over 4 percent from a year earlier with prices rising across almost every category economists expected prices to rebound after more than a year of depressed they're mad but some fear that rising inflation could force the federal reserve to increase interest rates making borrowing more expensive. so why are prices going up demand is rising as stores restaurants and theaters reopen government stimulus payments have put more cash in consumers' pockets and factories are facing bottlenecks as they gear up production to meet demand one example used car prices spiked by 10 percent in april the largest increase since record keeping began in 1953 due to the shortage of software chips slowing down car production.

joins me for more. good to see you should the average american be worried about rising prices. i would say you know that the average american is already paying higher prices and not only at the gaza stage as you mentioned but also when it comes to buy it buying a basic product such as toilet paper but it's also important to understand of the year over year increase in prices he somehow distort it sends over d's timeless dear the u.s. economy was mostly shut down if the current trend will continue to pen's on several factors among den if supply will catch up with demand as the economy reopens have for example as outer makers that deal with the sort inch of semiconductors they cannot keep up with the high volumes of demand but on the other hand the prices of used cars are skyrocketing as for now the federal reserve thinks about all these

embarrassment is it transitory but it's true that some economies businesses and investors are not so sure that that will be a case now you mention the fed there but if the fed does raise interest rates let's say that would mean higher borrowing costs what would that mean for households and businesses. i would say that it will not impact households us much jenelle's sense if something good came out of these horrible pandemic is that saving rates of 4 american race substantially actually the current levels are nearly 3 times higher done in the sixty's and americans use some of the demonio of those stimulus checks to pay down some debt so indeed some regard and increasing rates should not be a significant headwind for businesses they'll probably this small and medium companies will be the ones to suffer especially when. help from the government and for them to stimulus comes to an end next results depending on who you are has had always to hire there thank you very much. now let's take

a look at some other business stories making headlines. now speaking of prices as we did just tear gas prices in the u.s. by to a more than 6 year high on wednesday 5 days after hacking attack on the country's critical colonial pipeline reversing the fall in prices over the past month the strain it supplies has made has been made worse as more americans hoard gasoline for fear of shortages. the e.u. has sharply revised its growth forecast for this year and next the european commission says a ramped up vaccination drive and the blocks a landmark recovery plan will lift europe out of recession predicting growth will hit 4.3 percent this year. turning to germany german chancellor i'm going to cabinet has approved an updated climate law that would see the country reach carbon neutral sooner and tighten emissions targets for many sectors over the next decade

the plan requires europe to europe's largest economy to cut carbon emissions 65 percent by 2030 and a net 0 by no later than 2045 there we were it comes after germany's highest court demanded berlin provide specific emissions targets and to show it wasn't unfairly burdening future generations with emissions cuts. and my colleague stephen beardsley joins us now stephen these targets are expected to cost the german economy $12000000000.00 euros how would you rate that as an investment well i would say considering the ultimate amount of money that they probably would have to spend $12000000000.00 isn't that much on top of a massive amount of money they're going to have to spend the next 2030 years and germany can afford it people want german money they want to buy german debt that is they can get it for cheap and you know germany is not going to have problem raising those funds the idea is all also always been that if germany or any other nation can really crack this not early that is how to get to carbon neutral production how

to create. carbon neutral processes and they can export that german as a manufacturing nation as a exporting nation and the idea is that by setting these goals in general the german industry will be able to profit from it later on there is obviously a flipside of that and that is the disruption factor what happens when you put the brakes on otherwise perfectly good economic activity out of carbon emissions reasons what happens when workers who aren't prepared to shift production methods are found without work so these are the things that ultimately can be problematic when you shift all the goals for now you've spoken of germany as an export country as a manufacturing country how has a german industry reacted to these updated goals and the general line coming from german industry has been they want reliable goals they want reliability and they criticize what they see as a very short sighted or very quick decision to move things forward without really explaining how they're going to pay for it and how they're going to support it over the years where they really want is they want 2 things they want money to help

support offsets the expense of doing this and they also want cheaper energy because a lot of these companies their carbon balance depends on the energy that they're using that comes from coal and that there is up their balance if they get that from ruble energy then they're in better stead so what that means is they need to see faster renewable energy transitions that's what this plan purports to add to they also want to see money for dirtier industries that aren't going to profit that much from renewable energy cement steel for example definitely a balancing act for industry stephen beardsley there for us thank you very much. staying in europe luxembourg's tax breaks for amazon were not illegal that's a decision of the e.u. as a general court according to the verdict amazon had not received an unfair competitive advantage in a big win for the online retailer the court annoyed by a pre by a previous decision by the european commission which had ordered amazon to pay 250000000 euros in back taxes our correspondent chelsea believing has more. today's

court ruling is a major setback for the e.u. which has emerged as one of the most aggressive regulators of tack and this isn't the 1st time the e.u. has lost a case in trying to force some of these particularly big american tech giants to pay more taxes here in europe the e.u. also was overruled by the general court in trying to claw back about 13000000000 euros worth of taxes from apple i think this will raise questions about the e.u. strategy in trying to combat some of these clever tax avoidance schemes that are used among a lot of large multinationals but what it also will do is likely add more pressure on global leaders to come up with an international tax system we've already seen the biden administration propose a global minimum tax or here in europe leaders seem to be on board and there is hope that they will be able to come up with some sort of system by the summer to uganda now where

a clinic is providing complex surgeries aided by cutting edge technology the country has long suffered from a knowledge gap and specialist health care but now all it takes is a high speed internet connection and a headset to allow ugandan and american service surgeons to consult with one another on procedures our correspondent julius has the story to village and you have a so-so vinai loonies done uganda it complex said jerry is underway. into it woman has been admitted with a real abdominal. the operation is not an ordinary one due to the technology deployed. defenses displayed on the screen for maybe couric spots in the united states whatever the leads in this room sees through a specialized planes the american counterparts see it too and in real time that is enabling them to share expertise. you have to have.

to kind of work that case together it really adds to how i buy myself. but also. by that ways i would have done. in the last 2 years more than 800 centuries of been conducted in this manner. but to enable such complex lifesaving collaborations high speed internet is key. for saw. the $1800000.00 facility is the brainchild of new york based michael marring of the global initiative. the not for profit uses a government subsidized internet connection dedicated to research but authorities

want father improvement of internet access to knowledge exchange in a country with one of the wilds highest internet rates the hope that online collaboration can bridge africa's milledge go up and drive so sure economic development. and finally important news for harry potter fans butter beer the drink of choice for underage wizards in the beloved book series will soon be on tap in downtown manhattan it's part of the harry potter flagship store set to open june 3 this week butterscotch flavored drink which features in several the books will be served or often bottled there's even butter beer or ice cream it's all non alcoholic meaning it's up to you to create the magic. and the reminder of the top story this hour. the u.s. has posted its largest jump in prices in 12 years from think over 4 percent in april compared to the same time last year the federal reserve to raise interest

rates earlier than expected. thanks for watching. the coronavirus. is the rate of infection. measures or. the latest research. context. coded. to find. it was trying to.

make the last few years have been quite o'brien. and learned of a home when it comes to also. perhaps the biggest the new i'm going to prove i love to be in the news there are pros in there at home but when you feel giving your realize it's called just another way of living a. good servant enjoying the right. it's an ongoing quest for a bit of. the arab spring began in 2011. people stood up against corrupt leaders and dictatorship. all these moments. have left deep box in my memory.

they had hoped for more security more freedom more dignity. have their hopes fulfilled. in years after the arab spring. starts june 7th on t.w. . and. dogs shows undesigned audience of the bush awards in london. join us to unpack the highlights on the go say about the british music industry's most glittering nights as the year also on the show. and by.