let's see why we are in 4 years time. johnson crime that thank you. that's it for me. you're up to date. i'll have more world news at the top of the hour. don't go away though. steven busy has your business update. next i got office in berlin, thanks for watching. they've had no peace for decades. people of iraq. country is devastated and there's no end to define how did it go to this group? this is revealed and unprecedented story. he

behaved exactly like says diversity. and the poison spread their own misery, misery, but no life the great documentary series iraq destruction of the nation starts march 4th on d. w. ah, rising pressure on ukraine's borders rising inflation around the world. the g 20 says both are having a ripple effect on the global economy. we'll take a closer look at inflation in particular, and what it could mean for households and debt loudon countries. debt is a problem in sri lanka, the countries credit ratings are falling. and that has consequences for normal household and families. also on the show,

they're not just the weight against superhuman strength exoskeletons hold out the promise of letting even manual labors work from home loan. welcome to the show. i'm seeing beardsley in berlin. it's good to have you with us. events in ukraine are threatening to overshadow it butts. a g 20 conference in bali is focusing on another pressure facing the global economy. rising prices, finance ministers from the group of 20 leading economies focus for is focusing today on policy tools to bring prices down. hearing that rising inflation will undermine wages and make new debt taken on by governments. during the pandemic, harder to pay down indonesian president, yoko a dodo open, the 2 day conference on thursday, with a call for de escalation on ukraine's border. and i'm joined now by aero y'all chain. he's an economist and professor at the constraints, university of applied sciences at all. it's good to have you on the shows always. let's start with inflation. this is the focus today for the g 20. what is the danger of inflation for normal people around the world?

well, there is a broad consensus that we are in a time period where inflation globally is an issue, but i think it's very important in particular and come to the g 20 countries. that when it comes to the question how the central bank should react, we have very different options and perspectives. just to give you some examples in the you asked, for example, the federal reserve clearly indicated they don't consider the inflation to be only temporary driven by corona, all white energy prices is because of a, basically, a to foss growing economy. and therefore, interest rates will be increased most likely in europe. on the other hand, the central bank has indicated that it considers to inflation to be temporary driven by high energy prices. and then we have a 3rd group. all countries emerging economies like chocky, where inflation is tremendous and you really, income is continuously declining. argentina is the same problem and there is

a bad management and the central banks have likened turkey indicated they're not really going to increase interest rate because they are concerned about and making the economic growth and even more the slower given the terrible situation. like in turkey, so the g 20 meeting is confronted with very different interests and concerns. and my concern is the u. s. has a key role here. if, if the fad is going to increase interest rate. this will of course increase the capital cost globally on the market, and that will increase costs also for emerging economies like argentina developing countries like in africa when it comes to refinancing, jacqueline and those debt levels. also a very big concern of this conference, a janet yell in the us treasury secretary saying, i'm in relation to this conference that china has a greater role to play when it comes to providing debt relief to those countries the we're just talking about, for example, those emerging economies that have piled up the debt. does she have a point?

well, she has a point, but if we look into the statistics, i mean, it's very important to mention china when it comes to the volume of that thoroughly . actually, what are the country which has a adapt relief of $2000000000.00 or over the last 2 years, in particular when it comes to risky countries. but her critique is not about the volume. it's more about them missing the lack of coordination when it comes to restructuring down the call problem. here is what it's very important to mention that the western countries, including europe and the u. s. they restructured out under the shelter of the so called paris cloth. china is not a permanent member of the 1st law and is using its own institutions like the export import bank or its development bag. and what happens actually is that when it comes in a globalized work in central. a africa, for example,

daft is nowadays very complicated structured and it is required that china should corporate also with the resident or countries. oh, but it doesn't. and yet i just wanna interrupt here by pointing out that china has actually rejected these accusations and said that, that more needs to be done by private lenders, especially those in the west. and it's not alone actually in this point, or the world bank has been trying to push private lenders who own many of these bonds for, for example, in african countries to make concessions. they haven't been budging. so doesn't china also have a point when it comes to who is going to make concessions on that debt? was 2 points on this is statistically this, this, this claim is true over the last 10 years. we have seen in the, in african countries in particular, that farms in the capital markets have been increasingly used by the african countries to, to acquire capital. but on the other hand, the 2nd point is, is we need to bear in mind that a china is a centralized economy with

a publicly owned institution. so a large extent of china in a daft which is flowing into african countries is governmental, money, steel. so again, i come back to my earlier point, it's true that private investment has increased and private deb has increased in africa. but the coordination between china's a governmental institutions and private lenders is lacking. the paris club would be the perfect place, but china is not a member of this notion. and we, sir, this lack of coordination creates a problems for private bank, for example, if they would relieve without china coordinated with china. and that will f ramblings will be suffering and problems will increase. we'll have to leave it there at all y'all. ching, constants, university of applied sciences. thank you very much. thank you. or that discussion really focusing on what debt means for the lenders. but what about for the borrowers in this equation will heavily indebted developing nations construct

a pay off what they owe, reducing investment and slowing economic growth. just look at sri lanka, the countries debt accounted for 85 percent of economic output in 2019. that rose to 104 percent last year, but so bad at the rating agency, s and p has downgraded his credit rating at the beginning of 2022. fitch did the same at to the country at the end of last year. now as results relock is effectively cut off from international debt markets. borrowing, in other words, is just too expensive. that in turn undermines the currency and helps drive up inflation within the country. and within with prices spiraling every day. items in sri lanka are getting more expensive. now, a new rule concerning fertilizers is making even locally made. staples hard to come by. take look preamp there. roger pox have from sri lanka has been a rise farmer for 25 years. the whole time he relied on artificial fertilizers, but many people have gotten ill recently,

and the government suspects that connection to the chemicals being used in agriculture. 6 months ago, the fertilizers were banned something, roger pox. i can't understand. i've got about it. i farm about 20000 square meters, the video that i, we used to harvest 35 bags of rice from that other had. now it's just for bags all because we can't use chemical fertilizers. i'm incredibly angry with the government won't. the longer the lower yields, due to the fertilizer band, are exacerbating the already tense economic situation in the country. krishnan push pin up and has a small store where he sells rice, but fewer and fewer customers are stopping by. i would estimate that 80 percent of my business is gone. even even 90 percent, every day the prices are going up. oh, you can't even be sure what a product will cost the next day. not gonna follow quoting depot, they would,

the high inflation rate in the countries already. huge mountain of debt, sri lanka is on the brink of economic collapse for months now, electricity has been failing again and again in many regions, and many people barely have enough money to afford their daily meals. they say he ordered shaw date for voting. bizarre. 3 long i struggling with the huge debt lot, anna, experiencing, and short edge for essential items. then inflation, the soaring. these are the factors affects the day to day life of the paper, personally, a crisis that priyanka roger coxa is experiencing 1st hand. he doesn't know what the future holds. he is as good is broke and can hardly even buy food under the animal. i'm 200 euros in debt. normally i can pay that off with my harvest, but how can i do that now? i still have to look for a 2nd job. i don't, i don't see a way out of my situation. his race may be healthier since the fertilizer bad. but

brianna, the roger poxy, can no longer live from farming entry lunches. current economic crisis could 2020 to be the year of the exoskeleton or the mechanical suits allow, wears to lift heavily heavy objects rather more easily without putting additional strain on say the back or the legs. well, that's just one innovation that's changing the way workers interact with their workspaces. take a look. oh, could this be the future world of work? in invention, that merges people with machines. the artificial exoskeleton. it's a kind of suit that increases the workers strength at the same time, it reduces the physical strain and health risks to the wearers. back. this computer

controlled exoskeleton adapts to the individual where the technology enables the device to compensate for any on air gunam acumen, lifting behavior and optimize as fluid walking movements. as an gunam, i'm saying, well what essentially this is a little robot you wear on your back like a rucksack to leave the physical load. a power and support are generated by these electric motors. he went, the typical load compensation in one hour is between $1.00 and $1.00 and a half. tons come up. that gives you an idea of just how much physical effort these workers expend. rescue them at. i told i license, i wouldn't perhaps, exoskeletons could also be used to provide assistance to workers who deliver packages, as well as caregivers. although there is no prospect yet of humans being rendered completely obsolete. val, that's one. now, why do we still need humans? why?

because these robots lack the intelligence, as we've seen, and the logistic sector, especially during the pandemic. there are some things you cannot plan for about them. that means adapting at short notice, which isn't possible with immobile and inflexible robot systems. and that's where human labor even with and exoskeleton is a far more efficient option. oh, a start up in california, teleports it's drivers into warehouses across the globe. the transporters either operate autonomously with human assistance where needed or their remote control directly and exclusively by the human drivers or cor hypothesis is that autonomy is deployable today as long as you have a human in the loop. you have one human, they can be said in thousands of miles away that is monitoring multiple autonomous forklifts at once. we're also providing warehouse workers the privilege to,

to work remotely, right? the same privilege that's bestowed on office workers ah, the technology could also be used to drive trucks and taxis, thousands of kilometers away. the robots are on the march. right. that's it from me in the digital business team here in berlin. you can find out more about these and other stories on line d, w dot com slash business from stephen beardsley. thanks for watching. below the battle against cove it the only clue variant is putting healthcare systems around the world to the test. vaccination campaigns are accelerating while restrictions are intensifying once again. but are these measures enough to stop the spread of omicron, fax, data and reports? coven?

19 special. next on d, w. ah, what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d. w world heritage 360. get the app now? ah. the pandemic seems to be waning, but anxiety is still there. while infection right so receding in some parts of europe that pandemic has many, especially young people suffering from depression. what can be done? welcome to d. w cove at 19 special. also in the program extreme quarantine in taiwan with their husband repeatedly forced to spend weeks in isolation. a new mother is alone

with that baby.