put your money a potentially good investment. well, the son of the legendary beetle john lennon, might have a deal for you. julian lennon is offering up pieces of beatles memorabilia for auction, but not in physical form, rather as non fungible tokens up for grabs the f. t's to the handwritten notes for the 1968 song, hey jude, among other collectibles. but with bidding already over $50000.00 us dollars, they won't come to the st reminder top story. we're following for you here day on d. w. inquire into alleged lockdown parties of british prime minister boris johnson's office could be released in the coming hours. pressure has been mounting or johnson to resolve thanks for watching people in trucks injured when trying to feed the city center. more and more

refugees are being turned away. families on the theory for these correct only with administrative people. seeing extreme dreams around 200 people around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines ah, ah, the global economic recovery is under threat. the international monetary fun cuts

this forecast for global growth as inflation and over con, sleep around the world. now, for many people, wind turbines are an eyesore but as the need for clean energy grows, we'll look at how one company is getting people to support their construction. i'm chelsea delaney and berlin. welcome to the show. the global economic recovery. it will likely slow this year and a number of challenges from inflation to over kron are threatening to make that to celebration worse. that's according to the latest world economic outlook from the international monetary fund. now, the e. m. f has sharp the eye of, of, excuse me, has sharply cut it's forecast for the world's 2 largest economies, b, u. s. and china also warning that developing economies are facing the biggest economic risks the world phases many economic challenges. as the pandemic end as its 3rd year, the international monetary fund has revised 2022 economic growth forecasts to 4.4 percent. have a percentage point lower than it previously forecast. last october supply

disruptions are expected to weigh on economic activity and contribute to high inflation due to travel and mobility restrictions. amid the rapid spread of the only can vary and that only adds to concerns about rising prices. we're seeing inflation come up strongly in many countries. if, for instance, that leads to much more tight and monetary policy in the u. s. than that's being expected than that could tighten global financial conditions in china if there are more locked downs because of the 0 cov it strategy than that could lead to mo, global supply chain disruptions. so these are some of the risks that we're concerned about. while corona virus remains a major concern, i will also be on china the us, the prospect of the federal reserve hiking us interest rates doesn't bode well for the finances of some emerging and low income economies. there governments may find

it hard to service debts as a result. that's also why the i m f continues to warn of a divergent economic recovery. now here with me is g w, a reporter to ponder, chin below. who made that report for as search up on things for being here. you mentioned in the report the u. s. and china and these are, of course, the 2 biggest economies in the world. how problematic is the slow down in both of those countries? well, if we look at those 2 economy economy, specifically, we're talking about a downgrade of a 1.2 percentage points for the u. s. economy and 0.8 percent. percentage points are when a percentage points for china. and the reason the m f gave for the u. s. economy downgrade is because of potential benefits from the build back. better program of the bill that has not gone through congress, which has now been factored out. that's not going to go through likely we've been looking at that, of course, in the us as well. and the now that the other issue, of course in the u. s. is the fact that the fed, the federal reserve,

might raise interest rates maybe 3 times this year. so that will raise boring rates . and that's, of course, an issue for developing countries as i mentioned in that report. because of course, that makes the dollar more expensive. another reason is supply chain issues and of course that might also be something that could impact china because of course they have a 0 called strategy. specifically the downgrade for the chinese economy. links to the fact that china has been struggling with its real estate market sector. we've all heard of the ever grand story that was the bigger stories in china or out of china last year, at least a business story. and then the 2nd reason was the fact that private consumption in china is weaker than expected in terms of recovery. so those are definitely issues that they are looking out for and those where the major reasons for the downgrades, for those 2 economies. so going back to developing markets and the i m f says that these are particularly at risk and argentina. one name that always comes up when you're talking about the one ability of emerging market nations. what,

what is really the problem for countries like argentina with argentina, specifically if we look at it, because of course, is one of the biggest stories are it comes to debt and credit and issues paying back any loans that they have from the i m f with identity now we're talking about $40000000000.00 that it ols from its last economic aid program, from the i, m. f. in 2018 and $700000000.00 is due on friday, a payment of $300000000.00. another payment of $370000000.00 will be due on february 1st to the i m f. so that is a big deal because argentina had an annual inflation rate of 51 percent the highest in the g 20 group of nations. and that is made of course, the dollar more expensive. so the talks right now with the i m f a to try and figure out a solution because of course the dollar is expensive for the argentine government and it's highly unlikely that will they'll be able to afford to pay back that money . they all the time that they would have had to pay it back. definitely a bird,

and that's falling hardest on the poorest countries punish with. thank you so much for joining us. now the us house of representatives has asked major me companies to provide details about their searching prices for meat packers, including tyson foods and g. b. s. students have received a letter is asking for explanations of their prices for beef. pork and chicken president biden has called on regulators to investigate. med major, meet packers, who have tripled, their profit margins and the pen demik. according to the white house, it comes as us as the u. s. faces its highest inflation rate and 40 years without competition. capitalists now against corta, r corresponded in new york, joins us for more. so he ends, we know inflation is a big problem in the us. but why our meat packers getting singled out here?

now chelsea, i mean if you look at the industry, especially the big cap processes that had been a lot of consultation going on in the past couple of years. and the industry pretty much gets called for hold by a handful of huge corporations. and all the claim is that those corporation and actually use this market to power to come to country, the higher cost that they're seeing with higher prices and prices definitely have been on the run. and if you look not in this quarter, we will get from tyson foods, for instance, earnings reports next week, but in the quarter prior we saw a chicken price. it's about almost 20 percent and talk price up by almost 40 percent in comparison to the year before. so again, you mentioned really i watering figures there, but is this really the problem for us inflation is price gouging? what's really responsible for inflation in the us?

well, i mean it's not helping, but to be fair. i mean, some of those companies in the food processing industry, they do see higher costs, for example, to feed the animals. so for a transfer to just for labor. so those are definitely also reasons. and then we do the prices on the upside, not just in the food industry, but also if you look at energy prices, if you look at the ages, so that we do see inflationary trends here in the united states. that cannot only be blamed on the meat packing or food industry. it's only one part of the whole issue that we are facing with and by the federal reserve. to moral was the next meeting. it's pretty likely to hint at 1st interest rate to increase by march quarter in new york. thanks so much

now to some of the other global business stories, making news, drug makers by on tech and pfizer, see they have started a clinical trial of a new version of their cobra. 19 vaccines specifically designed to target the omar kron very. and that has eluded some of the protection provided by the current regimen. it is the 1st such variance specific trial by a western pharma firm. german executives are growing more confident about the outlook for this year. that's according to the latest business climate survey from germany's eco institute expectation and the services sector rose for the 1st time in 3 surveys. and one of the terms in the united arab emirates has entered a multi $1000000000.00 deal with casino giant when resort. the dual use of the word gaming rather than gambling, which is illegal and the plan aimed to attract wealthy, tore it. now, here in germany,

44 percent of electricity comes from renewable sources. the government wants to almost double that figure by 2030 to 80 percent. it's an ambitious goal that's being made more difficult by public opposition to new wind turbines. 13 wind turbines being built in the far west of the country, nym insta, the energy they'll deliver will be put to good use, especially once germany's last, coal power plant shuts down in 2038. but the expansion of wind energy is not going fast enough in many parts of the country says milan nitika, he's managing director of the company that operates this wind farm pieces. this project is special from the start. it's out strong support from the local authority . the district and local people, even the cities utility companies are involved. so everything gets done much faster in places where citizens initiative, se not in my back yard, it can take

a lot longer out of it was a long banners like this one, sign of local resistance. some people in the region complain that wind turbines or a blot on the landscape, that's part of why it can take 10 years for a project to be approved. but there are ways to get communities on board. miller nitika had a good experience on this project. he talked to locals beforehand and offered them a share in the wind farms. profits was view mahunis that with what i do is raised the capital for the project from local residents. they essentially give us alone and we give them back interest at a fixed rate. i'm guy that could be 5 percent, maybe 6 percent. that's quite a lot compared to the interest rates banks offer nowadays, vinson is out of her bank. um, this isn't really there for you. oh, but new wind farms will only succeed if the people who live nearby give them the

green lights. here, at least they found a recipe to make it work. we're. and before we go for the 1st time ever, university students in australia have crafted beer using artificial intelligence. they have tapped into something many of their classmates can get behind a brew. they're calling the ai p a. the computer scientists gather at hundreds of thousands of recipes to create a neural network that eventually produce the happy beverage. when it comes to expanding the bounds of machine learning, these students are really raising the bar. and that's all from me and that this is team here and for land as it was great to have you see you next time

it's vital. essential, important, and obviously healthy water. the motto is, drink lots of it. but is that always good for you? kim water also be harmful? refreshing answers to old waterman. good shape. on t w. y, surviving the holocaust sanctuaries against extermination. natalia romika is seeking them out and restoring them. ah, uncovering secret hideout close up. ah, in 60 minutes. d. w with

soccer is a sport of and the children in this mountain village of the ma. but can every one be a dog with them regardless of gender? emma, where is blue? the color of her favorite sexes. traditions prevent her from going to games and play with an insurmountable obstacle. blue girl football on the peak that starts february 4th on d w. mm mm. 0 one to do your buddy. good. look no further than good old water at this and can stay alive.