delving into history and the present i would never have thought that could be live so openly and safely. i company to remind myself because i grew up in a completely different way. prod, explorer listed jewish in europe. the 2 port documentary starts july 5th on dw. i the bottleneck ahead global supply chains are under pressure, a middle scarcity of containers and workers take a look at what this means of the world's economies. recovery also show the world's major producing countries, fail to agree on their output strategy. opec plus extends as meeting, hoping to find common ground later today. and based off of brands that or someone

else entirely will tell you which billionaire points to blast themselves off as a face. first, the chris cockburn, berlin, welcome to the program, demanded back germany. e for institute says the barometer of business confidence in the german auto sector is at its highest since august 2018 and automakers in the united states reported hire 2nd quarter sales as they start to shrink their inventories. meanwhile, retailers in germany are starting to reap the benefits of the eating of locked down measures, but things are problematic on the supply side and supply chains are still struggling . with the ripple effect of the global pandemic, german export association says stoppages as a young chap poured in the southern chinese trade hop options, then real lead tire prices. there's even a shortage of sailors. there's a lot of work to be done at the indian port,

city of chennai, containers full of cell phones, clothing chips and car parts are waiting to be loaded. but things are quiet here. many ships can set sail. they can't find enough sailors. countries such as singapore, china, and the united arab emirates aren't allowing indian sailors to come ashore for fear of spreading. the delta vary and that means cruise can't be changed out. many shipping companies have fired their indian employees with a lack of alternatives. many of looked for different jobs or have gone into business for themselves, like this shop owner and energetically pandemic hit a sailor is pretty hard and i lost my job as a seaman 14 months ago. during that time, i had no income and it was difficult to find another job. i was turned down again and again. now my situation is improved of the low since i opened this store. nobody over. there are almost 240000 seafarers in india. 15

percent of the world's sailors come from the asian country. shipping companies are eager to employ them. again. they've asked the indian government to prioritize seafarers for vaccination, but the lack of vaccines is slowing down the immunization of sailors, and that in turn slows down the flow of global trade. for more on this that spring in marietta matches deputy director at the brutal institute a brussels based thinking tank. welcome back to the w, maria. so it's not only materials that are in short supply here like chips, computer chips, steel would synthetic materials. we also see a shortage of sailors. where do you see the biggest risk right now? well, i mean, i think it's important to try and understand what of this, of the things you observe. the backlog is temporary, what maybe

a little bit more permanent because i think that will make a big difference for the ability of the economy to return to let's call it a normal. so i think what happened with the panoramic was the shift of demand, not only a drop and demand, but the shift of demand went away from buying close to buying things like electronics. so there is a massive demand for electronics that he's creating a backlog and he's basically blocking the system that is still need to work itself through that. i think it's temporary. i, you know, as we are opening up the economies and the rhythm of which we're open and economies is also going to determine the speed at which we can adjust this. so time is of the essence here. i think the biggest risk in this respect is some inflation we are going to see. and in fact, we are seeing both in the us and in the us. inflation going up. my sense is that all of this is temporary and a will dissipate out of the supply chains are adopting and therefore, and the demand is going back to the pattern that is a lot more even distributed. speaking of adopting new methods and supply chains,

some economists say the ripple effect of the pandemic like, strain supply chains will lead to re localized production having to rely less on long supply chains. do you agree? indeed, i think that is one long term risk of the permanent nature is exactly this. there is a lot of talk on the try and what they call robust define, display change, make them more resilient. therefore, you don't depend productions with a very far geographically from the point where things are being sold, that implies shortening the supply chain. so there's a very serious talk about that. i think the trade off here is that what this will mean in terms of costs. so think the calculation that will be done in the future is you know, the resilience that we want to improve out against. what is this going to cost us? i think this discussion is not over yet, but i certainly see this one this bit, this being and one of the most important risk says we move forward. the issues that

we're looking at right now, the problems on the supply side and the problems in the supply chain. are they going to choke off the economy recovery here? i don't think so. i don't think it's going to make any difference on the ability to grow. remember, demand is coming up very strongly actually, both europe and the u. s. i think what it will implies efficient, precious, and policy responses to try and take this reflection. re precious. i don't think this is a real risk in terms of growth, but it is in terms of inflation a lot has been set on this. all right, and that says of the brougham institute in brussels. thank you for off. now let's take a look at some of the other business stories making headlines around the world. the international monetary fund is optimistic on the outlook for the us economy. the predicts that growth will hit 7 percent this year, much higher than previous forecasts and the fast pace in

a generation driving growth is government spending for and melissa and stuff. $130.00 countries have agreed to a global minimum tax on corporations of at least 15 percent. the minimum rate is meant to stop companies shopping around for the lowest tax jurisdictions for the headquarters. if per se, the reforms could raise the next $150000000000.00 in taxes globally. each year malaysia has received the 1st payment of more than $430000000.00 from an bank in a settlement of the local lenders involvement in the multi $1000000000.00 scandal at the state fund. one m d b, back in 2015, malaysia. then prime minister and his conspirators were accused of stealing money from malaysia, while the french airport workers have begun a 5 day strike at paris to main aviation. have they are just me again, contract changes, they arguable lower their pay and wrote the right to strike as expected to cause

serious like delays over susie travel with the investors will have to wait until late a day at the soonest to find out whether opec and its allies will increase production as expected. of all major oil producing countries fails to agree on their output strategy. on thursday, the united arab emirates block the plan for an immediate easing of cuts their extension to the end of 2022, so called opec plus group extended their meeting and they hoped to find common ground later today, the cartel initially cut crew production and asked the pendant extent, all prizes crashing last year. prices have recovered and reached 3 year highs. this w financial correspondent as touch panda isn't frank for, for more i should tell. you seems to have a point here, right? the man does. their price is a flooring. why not produce more?

well, it's not that simple, chris, especially when you see what's happening on days that does the variant. and it could actually detail the konami companies. so that's why the opec does is trying to manager the production of it on. so you can just have a free production of oil and then that would bring down the prices. and also honestly speaking with these oil producers actually enjoying these higher higher prices. and they would only like to even push them higher if possible, by keeping supply and check, but then it's fueling inflation. and that's a concern for oil countries, even oil producers, including ratio where the elections later this year. and then also the fact that if you give to one country the u e, then the others also going to say, well, let us also produce more, and that is actually going to lead to kiosk, and it's only going to undermine opec's output strategy. saudi arabia has the lobbying, where more cautious approach and history has shown that in the end opec will do

what is strongest member saudi arabia once. is this dispute likely to go the same way? well, that has been the case. it is by far the most powerful and the leader, the de facto leader, off the cartel. but this time it would really like to resolve the dispute, because it's u e, a powerful ally. it wouldn't really like to drop it on the wrong side. and that's the reason why it is trying to negotiate and the talks have entered an extra day the most of the most likely to even the weekend. so clearly because there's a lot at stake it, it knows that. 3 if the deal is not reach, then the current output deal is going to stay in place and they're going to stay till april, which means no extra about as of oil would be to do would be in the market, would be sent to the market and which means higher oil prices, and again, that inflation would go up. so that's going to be problematic. and that's the

reason why for now, saudi arabia would like to resolve the dispute as to expand in frankfurt. thank you . it provided some distraction from all the madness these days, the question of which 1000000000 air is going to blast themselves off into space. first, jeff bezos was leaving his post as amazon ceo on monday was long expected to become the 1st private citizen to leave the atmosphere. but it turns out he might miss the extinction by just a few days. it's the last test for the viet as unity followed by us authorities approving the space ship for man missions. the 1st trip is scheduled for july 11th, and it will include mission specialist, richard branson. the british billionaire has been reading himself for a while. well, i can say when they tell me to go to space how i will, i will be ready to help me to go away to

wait until i can get well, he can go now pending weather and technical checks. virgin galactic is on track to be the 1st company to fly private man based travel in his release, which is put in the world's richest man in the back earth. amazon founder jeff base has been working on his blue origin project for years, and he will personally pilot the 1st flight and expect and also on board basis from the market and 82 year old wally funk. come back down. we land gently on the desert surface. we open the hatch and you step outside was the 1st thing you say. i was saying honey, that was the best thing that ever happened. i sunk, went through astronaut training in the 1960 s, but never made it to spaces as women were not yet approved for nasa mission. first

flight, undo origin. is scheduled for july 20th. i need no date has been set for the 3rd billionaire. the space race tesla sondra in musk has recently focused on launching satellites for online services. for now using space to make money, not spend it. look at that. that's it for this edition of the w. a business for more checkout website, a. d, w dot com, or call us? cuz colburn berlin, thanks for watching. ever so very successful. the fight against the corolla virus pandemic. how has the rate of infection in developing what the us the latest research information and contact the corona virus. 19 special next on dw to be right in front of them. they gave it. then suddenly,

we agreed to postpone the or didn't the games that tokyo with $22021.00 thrown off course during the qualifying ground or not be for sport hero. i'm fired up and ready to count down during lockdown. lock you go to tokyo, starts july 19th on d, w. ah, the nurses have been on the front lines of the pandemic since the very beginning. every animal to d were working in a state of very high stress and shown in the psychological tension has gone through the roof and the stay late many paid for their service with their life.

the world health organization estimates that 115000 nurses worldwide have died in connection with a corona virus infected o is the nurses hard work being given. the appreciation of deserves. many are still waiting for the financial applause and they are demanding better working conditions. how can it be that the heroes of the pandemic are still struggling for recognition? welcome to your cove at $900.00 special and chris kolber, and berlin. despite their heroic efforts, health care workers around the world are now learning that they are subject to a rather unforgiving system. takes pain, where more than 80 doctors and nurses themselves fell victim to the corona virus. the government promised to improve working conditions, but instead with infection rates, declining thousands of health co workers have already been laid off or soon building the w. young. philip shots, reports from valencia in eastern speak louder,

almo deborah has been told her services are no longer required here on the cove at 900 ward, but she still has her hands full. many of her colleagues at the valencia clinic argon in the surrounding region alone, hundreds of nurses were let go over night. many of her co workers were informed that they've been laid off in a text message. and so this a, if the people i think it's shocking to find out your employment has been terminated like this for somebody they get. it shows 0 respect for the people who gave everything during the pandemic because it had to call up at the time they were urgently needed for the system to keep running. asked me to go out of now, it seems as if they are just disposable from all, but now they will try to get out of a standing ovation for health workers, the heroes of the pandemic. when spain was particularly hard hit by corona virus,

in march 2020 thousands of nurses were hired at short notice. many fell ill. some even died of the virus. but now the covert, 900 numbers are falling across the country. these nurses are no longer needed. more than 1000 nurses have been laid off year and the balance their reason in the past few weeks alone for thousands more, that professional future uncertain. within a few months, they seem to have gone from heroes up the damage to redundancy personnel. the layoffs have led to furious protests here. most of those who have been sacked are afraid to speak to us on camera. only one person is willing to speak anonymously by telephone. he tells us that he and his colleagues feel abandoned. when the virus happened, we were short of everything, we needed to fight it. we were brutally overloaded with work. we couldn't even take care of our own health, and that had extreme effects in our private and family life. now it all seems like

exploitation to me. the soda, in recent years, spain has made massive cuts to its public health system. more than a 3rd of medical stuff only have short term contracts, and many clinics have been privatized. during the pandemic, the government promised improvements, but instead the situation is worse and, and get those in charge, haven't changed their tune and must have taught. we are currently making great efforts to create more permanent positions and to ensure that fewer people have to work in unsafe conditions. we hope that the situation will improve, and 2022, almost had. i mean, i know that got, i mean, then those for nurse laura, almo dever and her fired colleagues, there could be some good news, at least for now, many of them will be reinstated over the summer to fill in for others who have gone on vacation at good morning, this with howard captain. he is the ceo of the international council of nurses. i c

n. and he joins me from geneva and switzerland. welcome back to our show, howard 0, respectful, the people who gave everything during the pandemic as one nurse called the sacking of health care workers and the report you just seen. do you agree? i think this is a shameful way to treat the susan health care work is these are the people who have put themselves ahead of everybody else who go to work. knowing that there's a greater risk that they might become infected, haven't had the personal protective equipment that they need have often separated themselves from their family. so it's not present a risk to them who have stepped into the shoes of relatives. they are not disposable. they are indispensable, they are the heart of all health care systems, and we're seeing around the world nurses who are angry at this lack of recognition and respect and increasing strikes in european africa and pacific region as well.

on that note, i have coworkers do have a huge leverage particularly now, and they've been demick. if protests grew more nurses went on strike, that would create enormous pressure for their cause. wouldn't we went into this pandemic, 6000000 nurses, short a globally. we've got aging nursing workforce in many countries. we've got nurses who have left because to burn out because of anxiety. we don't know the impacts of long kofi to the last thing we can afford to do is to lose our nurses, our hospitals, all clinics, without stuff, without nurses, they're just empty buildings. it's the people that matter and we should be investing in them and protecting them now there, and then it gets at a different stage in different parts of the world. do you see situations improving for health care workers and areas with high infection rates because of the lessons

learned earlier elsewhere? we are seeing many places where nurses are taking on increasing leadership positions there at the forefront of the public health messages organizing systems of care as, as well. and the situation is improving. but we are also seeing areas where the virus is resurgent and there is a huge issue at the moment with the in equity of access to vaccines for nurses and health care workers. there are nurses and health workers in some parts of the world still waiting to be vaccinated, whilst younger people are being jobs in other countries. we all know we're not going to win this race against the virus on our own. as nations, it is a global race and we need to see much more sharing and solidarity and cooperation around the world. and then i see in a report published earlier this year and says,

studies across regions the just that deepen demik has exaggerated the stress and anxiety of felt by nurses and other health. co workers. what do these people suffer from? in particular, we have seen huge physical and psychological impacts on nursing and health cast off, physical exhaustion, insomnia, burn, now and stress, but also the emotional burden of being away from your family looking after people, more people who are seriously ill, who are fearful. more people who are dying on top of that, we have also seen examples of discrimination and violence against nurses. people who may be ignorant or fearful. but you know, nurses have not been able to renew their tendency because their landlord is worries at best reading the far as nurses, having difficulty accessing child care for their children as well. and nurses being subject to the covey denies who was saying this whole thing is a hoax. we corpus

a mass traumatized ation of the nursing workforce. and that's why we need to be focusing on the recovery of nurses and health care workforce right now. howard, captain of the international council of nurses. thank you for your thoughts and cute getting the right jab has for many people been the most promising way to protect themselves against a severe corona virus infection. vaccines have been subject of many of your questions. here's one and our science correspondent, they're going paul, every country has a different strategy to prioritize vaccines. what does the science say about how to best allocate them? oh, we're still in the middle of the biggest vaccine drive in history. so evaluating the moving data on this topic is really a pretty tall order. to be honest,

i don't even know if looking back in the years to come. if will be able to say anything with certainty about whether a countries might have prioritized the right groups for vaccine allocation in the right order. that's because demographics are so different in different countries that, that making blanket statements about what works best can, i think, provides at best just rough guidelines. there are just too many variables. the big problem is that allocating vaccines means making choices that are at odds with each other. the most obvious of those choices is whether to cut down on the death and suffering caused by the disease as quickly as possible by vaccinating the most vulnerable 1st or to instead try to vaccinate those who are most

exposed so. so those who will catch the disease most often, and hence, really dr. further transmission countries with aging populations, like many here in europe. when for the 1st option, they decided to prioritize the elderly group this most at risk if they contract covered 19. and that choice seems to be working at preventing death and suffering. a british health care authority, for instance, has estimated that the campaign there, which focused on getting elderly the shots 1st, that it's have over 30000 hospitalizations and, and 10000 lives so far. but that's also left a large segment of the population, younger people, unvaccinated for many months. and of course, as the group that's most regularly exposed, they're now fueling

a new outbreak there. so what's the best prioritization strategy? i don't really know if you can put it that way. i'd say that there are just strategies with different outcomes. me and that's i shall fall. more checkout are covered 900 section on get about w dot com for now. thanks for watching you next time, stacy. ah. the news the news

the news the news the to the point. strong, clear positions, international perspective. one hands there's inclusion and pride on the exclusion hatred and violence issues surrounding the l. g. b t. q. community ultimately on the political agenda. so he's local civil and how can we create a divers future find out on to the point the,

to the point on d. w. ah, was when i was speaking that's me for the money and the voice. the only way i can be up top is to create my own and i see their house standing stories, women in asia this weekend on d w. so many portion of loans occur now in the world right now in climate change. if any off the stores. this is much less the waste from just one week. how much less can really get

we still have time to go. i'm doing all to some scribe or more like sometimes a seed is all you need to allow the big ideas to grow. when bringing environmental conservation to life with learning impacts like global ideas, we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge gross through sherry, download it now. mm. ah, excuse

me. this is the w news live from by the end of an era last us and nato troops lead their main ad based and gone. it's background is left empty after a 20 year mission against the taliban and hotline and it comes to a close. also coming up india house official found the alarm over a new cove at 900 very some.