ah, carnival returns, this is dw news coming to you from berlin. ah, i've got much more for you coming up to the top the next hour. i'm terry martin. thanks for watching. what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites with d. w. world heritage. 360 get the app. now are you ready to get a little more extreme? these places in europe are smashing all the records step into more bold adventure.

just don't lose your grip. use the treasure map for modern globetrotters, discover some of your groups wykard, break insights on youtube and know also in book form ah, another us inflation report for the record fox prices are rising at their highest faith and 40 years me last will red hot inflation lead to economic meltdown will go to our correspondent and new york and will take you to kentucky cold country where inflation is hitting hard and region already racked by poverty. also coming up, the global shipping industry is going back in time to bring down it's 5 footprint. wind power, cargo ships combined. i am chelsea delaney welcome to the show.

a key gauge of us inflation rows a steeper than expected 7.5 percent and the year through january high energy prices, supply constraints and strong demand have been driving and inflation. prices for used cars and gasoline searched by about 40 percent year over year. according to the labor department consumer price index. bacon prices were up 18 percent. the inflation spike has lasted longer than economist had anticipated. as increasingly weighing on consumers and businesses. now inflation is proving to be not only in economic threat, but increasingly a political threat for president joe biden. the white house released a statement about the data and with biden saying, while today is a reminder that americans budgets are being stretched and ways that create real stress at the kitchen table. there are also signs that we will make it through this

challenge. now for more and less, let's bring against corta our correspondent and new york. so, you know, we have president bite and being a little bit more optimistic there, but inflation clearly running very hot right here. why is inflation continuing to rise at such staggering rates? there are many factors, one big increase was the price of oil, and that at the end also converts into higher prices for gasoline. so transportation costs, for instance, are also hitting companies. they respond to the higher costs with price increases. that by the way, be, for example, heard to just here on thursday from coca cola that they're reacting to higher cost with higher prices or have already done so. but in general, also food pies this, our brands are car prices are up so they are many factors. so us,

president joe biden has tried to lower oil prices, for instance, with opening up the strategic reserves. but that has not really done the trick so far. so yeah, everybody is waiting for prices to come down eventually, but we don't know precisely when and by how much will you have one of the big questions after this data is, will it force the federal reserve to speed up its plans for removing stimulus from the economy, i've heard some pretty crazy projections from economist after this data today, some saying they could raise interest rates in the coming days. will we see a much more across the federal reserve here? yeah, sure. his child sees that says specially the big question here on wall street. we heard from james bullard today, who is the head of the fit in st. louis that he wants to see. interest rates to go up by 50 basis points them, at least at the next meeting,

mid march. and if we really will see any movement from the federal reserve before that next official meeting, i'm a bit doubtful on that ball is also asking for a full percentage increase by july. so that does sound much more aggressive than many economists and also traders on wall street had recently estimate it. and therefore we did also see a lot of pressure on stocks on wall street. and by the way, also, mortgage rates are already on the increase again, this quarter and new york, thanks so much. now, inflation is a burden that falls hardest on the poorest. like those in rural eastern kentucky, you may know it as coal country. the region has become increasingly impoverished as the coal industry declines to w stuff on steam under the winds there to see how people are dealing with spiraling prices. ah,

kentucky is not doing too well these days. what is called america's great resignation, as in millions, quitting their jobs and record to inflation are heading people heart in this part of the so called bluegrass state, or eastern kentucky, the most economically depressed regions in the united states of america. why is that? because he's in kentucky is cold country and the decline of the coleman is treat going on for decades here and left his mark on the region and on the high rollers are not to be found here. people here are making their living by working hard wages, minimum wages, and depress wages and salaries are real thing. so the inflation hurts people here. ah, and i'm danny. i'm a 3rd generational co,

wagner. i saw working co lands in 1990 toe and i absolutely live and i retired then i got diagnosed in 2015. that's why glucose, denny is 48 years old. he suffers from black lung disease, decades of breathing and cold us cost. message scarring in his lungs. breathing is difficult working. it's impossible. danny and his family, his wife, jenny, and daughter, malia mostly living off a fixed income and modest monthly federal paycheck he receives for having ruined his health and the coal mines. life was on the lean budget before inflation hit. now it's a struggle then he says, well, we haven't obeying other sometime we had rabbit trotter, you know, so i was much fuel fuel money for gas is we can and we cannot go no farther than we have to. if not just danny and his family struggling with and juggling rising prices for gas for groceries for power and for heating gas for weld,

pretty much everything. historic inflation or not call b hall executive director of sore, which stands for shaping our plaque and region and non partisan. a nonprofit organization, things that to maneuver eastern kentucky and it's people out of misery. the region needs broadband as d, i whatever inserted whatever cliche you've heard. it is important to this region has electricity was in the forty's, the re, a. the idea here, fast and reliable internet access with a region will bring better jobs, better jobs mean better wages is that the proverbial light at the end of the tunnel for danny and his family, $4000.00 more here in cold country kentucky, that tunnel seems to be awfully long and the light at the end of it flickers only dimly, at least for now. now to some of the other global business stories making

news, twitter reported weaker than expected quarterly advertising revenue and user growth figures. investors see the result of assigned the company's turnaround plant has yet to gain traction. twitter shares rose the last even after, excuse me, after it announced a new $4000000000.00 share buyback. european commission president or lavonne july and unveiled the 1st regional plan under the new global gateway strategy and synagogue on thursday. 150000000000 euros have been earmarked for investment in africa. the global gateway strategy was launched in december. it's designed to compete with china's bolt and road initiative for honda and toyota are helping some production out canadian plans to just supply issues. it follows a days long like a blockade of u. s. canada border crossings by canadian truckers. they are protesting against vaccine mandates. meanwhile, both washington and auto are warning of economic damage. now for thousands of

years, ships carried freight across the high seas, thanks to sales at harness the wind that was before the age of fossil fuels, which most ships he is to day. but wind power maritime transport could be making a comeback as the industry looks for more sustainable options. stevedores, unload a shipment of colombian, coffee from the 43. meet her dutch schooner of on tour the port of bordeaux. this cargo was not shipped on a kerosene burning freighter. this coffee was ship by sale. it's an experiment by the coffee importer balco to reduce the carbon footprint of maritime transport. vicki coffee objective for 2025 is to achieve more than 50 percent of the coffee imported by balco using classic sailing techniques. secret trans oceanic wind transport says it ship can hold 1000 tons of goods and reckons it will be built by the summer of 2023. the global shipping industry is

a big polluter. it mainly uses fossil fuels and a cancer around 3 percent of the world's greenhouse gas emissions. the race is on to come up with alternatives to fossil fuels to power cargo ships. projects under development include new experimental sale designs, such as hard sales or rotating vertical cylinders then there's hydrogen power, which yields no direct greenhouse gas emissions. this week, sold a launch of the energy observer to concept. this prototype is powered solely by renewable energy and is capable of producing its own hydrogen using salt water. and as of silva, nevada energy observer 2 is a 120 meter long and 22 meter wide ship sun, which can carry fights, hasn't tons of freight or on a fish. no one is a 0 direct emissions if the hydrogen fuel that powers the electric engines is

produced in a carbon free way. it was anna of 20 molten madonica. the plan is to have the 1st operational 0 emissions cargo ship take to the seas by 2025 carrying up to 240 freight containers. if boats are built on this model, it could de carbonized a 3rd of the world's existing fleet. the revolution in energy technology could c, c, o 2 emission cargo vessels make way for a truly sustainable way of transporting goods on the high seas. and a reminder of the top business story we're following for you this our a key us inflation gauge roses, steeper than expected 7.5 percent in the year through january high energy prices. supply constraints and strong demands have been driving inflation. the spike has lasted longer than economist had anticipated, and is increasingly weighing on consumers and businesses as well as the by did ministrations popularity. and that's all for me and the business team here in

berlin. for more from us, check out our website, debbie dot com slash business for also on the d. w. news youtube channel. you can find us on facebook until next time. take care. ah, for the battle against cove it the only variant is putting health care systems around the world to the test. vaccination campaigns are accelerating, while restrictions are intensifying once again. but or these measures enough to stop the spread of omicron, fax data and reports coven. 19 special. next on d, w to the point. strong opinions, clear positions,

international perspectives. half chinese leadership ging paying and russian president vladimir putin joint forces against the west. is democracy under prussia and how should nato and be you respond to the challenge, find out on to the point to the point in success on d, w. ah, ah, devastated with to how we can with cars carry money, effects of climate change. i mean, felt worldwide before a station in the rain forest continued, carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact willing

because change doesn't happen on its own. make up your room, mind it. d, w. lead for mines o many countries around the world are using their measures to curb the corona, virus pandemic, with more liberties and fewer restrictions. again, spain is one of them and so is the south africa hopes are rising here, that the pandemic will soon become endemic, promising it end to restrict.