to remind myself, i grew up in a completely different way. for me, it's broad. it's for the jewish years, the 2 port documentary starts july 5th lawn dw, the, the time for a tumble european and a stock market slide. there are growing expectations. the u. s. federal reserve will begin listing interest rates as early as next year, that traders that does every company need artificial intelligence. that was the pre crisis mattress, had a firm see thing since the pandemic and the use flats new sanctions on melrose targeting the economy. and one of the nations by exports fertilizer and then for all the place to business, trying to make

a date with the fed is tricky. officials were talking about raising rates for the 1st time after the pandemic in 2024. then they hinted at late 2023. now some saying 2022 that spot a sell off on wall street on friday, which continue today on european and asian exchanges. louis federal reserve president james bullard says it makes sense for officials to become a little more hawkish as inflation searches that why the economic recovery could overheat. despite the losses for equities, many markets are at record of multi year highs. investors taking the opportunity to cash in profits and let's check in now with conrad bowes and now frankly corresponded conrad, a lot of economists. i've spoken to say these inflation fees really only going to be around for, for a bit. the, any sort of inflation is only going to hit a temporarily. why been all the market?

well then, because this perception seems to be changing on the markets and also among monetary policymakers. 13 members of the 18 person policy board of the federal reserve. and now saying they expect inflation to increase and they expect interest rate to rise by the year 2023. this number is significantly higher than last month. and this means of course, that these policymakers believe that the economy in the united states is not only strong temporarily, but will remain strong in the coming years. and even though consumer price inflation might not continue to rise at the current very high level, 5 percent was the rate in may. the policymakers believe that the economy will be strong enough to push the inflation further and warrant tighter monetary policy. now the year 2023, that's 2 years from now. a lot can happen,

of course, until then. but markets have relied so heavily on cheap money from the central bank so, so many years. of course investors wondering what this change of outlook means for their investment strategies look to change in that time. but i think the hardest thing is keeping up with the changing pace. they expect taishan. what about the be able to be expectations there? well, for now, the economic recovery in western europe is much weaker than the one in the united states. so investors do not have reason yet to become nervous about higher interest rates in western europe. what can be expected though is changes to the strategy of the c b over the last 3 days. there was an off site meeting, a conference of the bees policymakers about strategy. and today chrissy la guard. the c p president is expected to talk to members of the european parliament about

the one idea is that the c b wants to incorporate climate change more in decision making. for example, by designing it spawn purchases to favor companies that have a lower carbon footprint. correct? who's in there in franklin? thank you. well, executive born coven outbreaks in southern china are causing a global shipping disruption worse than the suez canal, blockage the cases that one of the world's busiest portions engendered causing week long delays. time soon, some of asians biggest text companies, including telecoms equipment bank a while way and gaming giant and said the city also cancelled hundreds of flights over the weekend. infections at key point in the semiconductor supply chain in taiwan and malaysia are also worsening at global chip shortage. that i think production, the auto and tech industries. well,

those bottlenecks in the global supply chain could push up prices, adding to inflation fees and weighing on the post pandemic recovery. a key factor in that recovery is innovation and developing new technologies like artificial intelligence. but that requires investment and the infrastructure something european firms discussing on german industry day today. they've got some catching up to do in 2019 the us lead in venture capital and private equity funding with over $14000000000.00 of investment in a china followed with over 5 and a half 1000000000 then the you with just over $3000000000.00. let's talk about those differences and what they mean with economist nicole. goodness, she's co founder and ceo of marin takes lab, team of artificial intelligence specialists. you're in berlin. i every company that needs every company needs a i. at least that was the mantra. before the pandemic,

what's the state right now? do firms still think they really need a i that much i think so. i mean that's around 6 last we industry from big companies to make a strong r s. m e. 's. and technology started scale up and i think what unites all these companies is that they will not be returning to the situation as we know it. pre cobit, there is something like a new normal and this, you know, mobile hesitate, higher investment, digital technologies, including artificial intelligence. you'll get to talk today on innovation. what's your advice for european companies and german companies to to be very frank, i think we need to move faster. we need to jump higher. we need to run faster, i think, to make bolder moves. and i think we also need to think about how do we think about the concept of competition. i would challenge that, you know,

we need to be in competition or think only of competition here with the national borders. i think if we want to stay relevant of the continent, we need to look, you know, across the continent and reinvent collaboration. co creation and innovation processes across the value chain. maybe even competitive companies. well, those competitive companies and the most competitive companies from china in the us, where does that leave europe? well, you know, quite frankly we're, we're world champions in creating rules and regulations. and i think that's a real shame because we're actually also world champions and creating a researchers per capita. when i look at my sector and more than in the us and china combines and what we've, you know, this is something we've been traditionally very good at what we've been backed up in commercialization and actually creating powerful, commercially successful companies from that. and that's exactly what we wanted to set out to do. at least germany's got

a p. but where would you rank the germans in future technologies? i think you know, there is a, there is a perception that technologies are not only positive. as i said, i think our, you know, innovative power is quite high. seen this, even in the condemning you know, with the development, for example, of a biotech vaccine. we have a very high quality of researchers and very high in just potential. however, there are potentially, you know, 3 factors holding us back. this is one i think heavy regulation that makes people 2nd, get them down when they should move forward. sometimes push the normative companies into other countries. i think secondly, it's a cultural issue because we need to get off and sort of at the topic view of tech and the technologies that you can see wider. and then thirdly, we need to get stronger. i think that in commercialization and really building successful business models around this innovation,

besides the funding problems which i pointed out before, there are also the infrastructure challenges and we're seeing that with global supply chain disruptions right now. do we need to rethink how we do trade when it comes to chips and supplies, or for these tech sectors? you know, i don't believe in protection in them i'm, i'm a liberal, it's hard and i think you know, free trade something. one of the big achievements, but as you, as you saw this is depletion is more supply driven than demand driven. and i think it shows the great fertility. and we need to use technology to make our systems more fragile and a position to assist them to cheapest nicole fitness around 6 lab c o. thank you very much for being on the show today. thank you very much. now some other business stories making headlines, eco institute ones, the delta corona virus very and could have a severe impact on the german economy. infection numbers rise again and hit the

research institute that the economic recovery could be badly affected, especially industries that have already been hit hard by the panoramic. big point is that again, this time more than 7 percent to around $33000.00. intensifying its track down, it's currently mining, it's the latest sign of global authority. the something that stands on the rapidly growing digital asset market and the european union has reached the deal on economic sanctions on the roof. it's in response to the 4th landing of the rhine in flight last month, minutes and the arrest of an opposition activist on the on board sanctions are designed to hit the regime of long toys time or 3rd, terry and ruler, alexander lucas shanker. in the wallet and law just or targeted or oil finance and fertilizer. agricultural supplier flora is busy loading the last of the port ash from gyla. ruth,

poland used to be the biggest importer of potash from yellow. ruth, but those days are gone. flora won't sources, po, tash from there anymore. importers have cancelled all deliveries. international sanctions are already starting to bite, even before they've been officially imposed. the replacement potash is coming from the west. sax with a bull logo supplied by germany's can death. polish farmers were quite happy with a yellow roost po, tenisha. they have to pay 20 percent more for the same mineral from the west. just in the nick, i think the average farmer is more worried about the price is less than the effects of the sanctions. and so, so i'm not going to climb paid up on the baltic sea coast. the additional sanctions against yellow roofs are having a strong effect in lithuania as well. almost everything going to or coming from yellow roofs came through this port,

especially potash and oil products. analysts say the sanctions will not 3 percent of lithuania, annual gross domestic product, for sure. that's going to cost the west and if you're in especially life or as well. but this is actually the rise to have to be paid for respect of the principals. we follow and we want to promote potash mines can be found in the german state of modern agriculture depends on it. giller roost. currently it's the world's 2nd largest potash producer. its main customers are china, india, indonesia, and brazil. the sanctions will hit the lucas shank regime, but will top of the dictator according to kathleen, coming of the kill institute for the world economy. also. it will also depend on how well be ela ruth can find other markets to sell into. we'll see how trade flows are diverted, where the potential is going,

whether exports to other importers like china, india, and brazil will be increased, for instance, or whether be really small end up stuck with it. that's certainly what the e was hoping for. but studies show that economic sanctions are usually only effective in about 30 percent of cases, but they will certainly make life more difficult for the yellow rosie and state run company. i said i was interested in the global economy. our portfolio w business beyond. here is a closer look at the project and analyze the fight for market dominance. with the business beyond on youtube. the against the corona virus pandemic now has the rate of infection in developing

what measures are being taken the, what does the latest research say? information and context clues, really updated special monday to friday on dw, the ah, me, it's the worst act of violence in history against the u. s. l. g b t q. community, 5 years ago, a gunman killed 49 people, 53 more well, 100 nightclub pulse in orlando. amanda grow only survives because she hits herself under other victims bodies, her physical wounds, 2 months to heal. she still has nightmare and wakes up screaming in the arms of her wife use

for the 1st time in 4 years, amanda returns to the site of the massacre. she was shot on the dance floor of the shooter open, fired, and was critically wounded by 4 gunshots. her good friend for essentially it was murdered that night. wish i could have done more the same you amanda only survived by hiding under the bodies of the victims. it took a 3 hour hostage situation and confide before police shot omar martinez dead. his motive unclear to this day, shortly before the attack, he swore allegiance to the so called islamic state. i remember crying.