con will not make the job easy. his supporters have taken to the streets to protest his removal. con, insist that he is the victim of a regime change, orchestrated by the united states. an accusation washington denies. and you're up to date here on t w. business is up next way, the rub. what some charged, read in berlin. don't go white. people in trucks injured when trying to flee the city center. more and more refugees are being turned away and the border families played on the tax in the region to these credit owners with administrative people fleeing extreme drought off getting $200.00 people, her son from the agency 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 economic toll of putin's war, new figures suggest ukrainian economy could almost half in size this year. meanwhile, russia is taking its own financial hit, also on the show. talent and business is leaving hong kong fed up with 2 years of tough pandemic restrictions. and despite just becoming twitters biggest shareholder, elan must will not be joining the board despite announcing he would last week.

we'll delve into the possible reasons behind this change. this is due to be a business on watts in berlin. welcome to the program. the financial devastation reeked by russia's war in ukraine, laid bare the world bank has put the economic cost of the conflict into the into numbers in a new report. it forecasts that ukrainian economy will shrink by 45 percent this year. it says, half of all businesses have closed in ukraine and the trading goods has come to a grinding halt as a result of russia's attack. now, the war is also taking a toll on russia itself, with economic sanctions biting hard that the world bank expects. the russian economy to contract by 11 percent this year. now we've been speaking to an a piano from the world bank. she told us about the extent of the economic problems in ukraine. we are seeing, of course, the collapse in a domestic demand. we have seen businesses close,

the black sea is about 50 percent of all the exports in ukraine go through the black sea. that's of course right now very difficult. and also what's important to keep in mind is that where the fighting is taking place. this where 50 percent of the ttp of ukraine is produced in the 1st place. a ukraine had made strong strides and poverty reduction over the last few decades. and we had a poverty rate of about 1.8 percent in 2021. where now forecasting poverty will go up to close to 20 percent in 2022, with another 60 percent of the population at risk. what we have learned over the years is that when a country is in conflict, it's important to maintain crests and such an international development institution . because when the war ends and the conflict ends, we will be able to be there and services will have been maintained to the population and institutional capacity and institutions will have been maintained. and that's very important for the day after hello, bank is also predicting

a major knock on effects for economies beyond russia and ukraine had slashed its growth forecast for central europe, for example, this year from 6 percent to 3 and a half in cranes, western neighbor, poland, is experiencing a labor shortage, just ukrainian men had back to their homeland, to fight to poland. transport sector is one of the largest in europe. polish companies deploy some 300000 drivers who transport goods across the continent. when in 3 of them is ukrainian. since the war broke out, much has changed. it's still the tensor of $100000.00 ukrainian drivers, a huge amount of return to their country, probably about 70 percent of them and now we're short on drivers. but we don't present them. we know very well how difficult their situation is and their jobs will still be waiting here for them for us. and he took all alexander for rank,

is the head of a transport company and is himself ukranian. i trans employees, 120 drivers from georgia, better route and ukraine, but none from poland. he's trying to keep his ukrainian drivers in the u. preston, voice next. her spouse out was just the 12th beggar lithography. to warn you, crane has made us short of drivers to the provider, but our own ukrainian drivers are let our guys are traveling to ukraine to defend their country. most invited us, we're even though still here thinking of going there over that, but we're still able to stop them. going to go there, but it's almost impossible to make it back. now, as it is, yes, that with all the cities being bombed by adam best way, nest, bog, those mast, they've inc, semester sandwich has made louis for, for the bumper to provide them unbearable circumstances for those like iraq vianza, a driver on the road in germany. yes, yes, yes. yes. even if i were to drive all the way there,

i wouldn't be able to get in. i just won't make it physically, i can't get there. i can't do anything. it's hopeless. i don't know what to do. i don't want anything, not even money. i just pray to god that they all survive. that's all sure. all he has within reach are photos of his home town in eastern ukraine, which is family sent him for the time being he still driving in the you for how much longer you been here with tanya goes up and we won't be able to make up for such a massive loss of drivers corporal. this will be a huge problem for all of europe. if polish logistics are debilitated, it will impact the entire e. you. it won't just be polish shelves that will stay empty. nothing italian. there's no easing of the crisis inside. the longer the war goes on, the likelihood of sanctions being imposed, including against better roofs goes up. this report, the bell,

russian drivers out of work to meaning even fewer trucks on europe's roads. now to some of the other global business stories making the news, the government of mario druggie has signed a deal without jerry it is apply more natural gas to italy. it's among the nations pushing to and this reliance on russian import following the invasion of ukraine. under the d. allow jerry a will supply an extra 9000000000 cubic meters of natural gas to, to leave during 20232024. so like his prime minister may hinder roger pack, sir says it reinstate fertilizers subsidies for farmers to decrease food prices. sri lanka has been rocked by massive anti government protest, save a several weeks to, to rising food prices. rising prices for essentials like food and fuel, as well as a frequent power outages, too. and testers here a long must will not join twitters board of directors. according to the social

network mosque has bought a 9.2 percent stake in the company over the weekend. he sent several tweets, suggesting major changes to how twitter operates, but as decided not to sit on the board. let's get more on this from our financial correspondent in new york yen quarter yan. so we got any idea of why musk would choose not to join the board, twitter. rob, clearly quite a turn of events. i mean a, just a week ago that we learned about the 9.2 percent stake then last week, tuesday was when we learned that mosque actually tries to play an active role and become a board member. and now over the weekend to decided them. otherwise, even if there is no official wording on the motors of law must clearly there was a lot of speculation. if you might have one to take over the entire company of a twitter. as a board member, he only would have been allowed to own

a 14.9 percent is taken the company. now that is not in the board. you can pretty much do what you want them if you put the money on the table. so at least that's some of the speculation you want street. that's interesting. so was the verdict on whether or not this is a positive or negative move for the social network or up definitely, it's at least not boring to work at twitter in the states. my guess, i mean, they have to be in some report that not everybody is so happy about in the back and forth of the largest shareholder what my skill still is and he will try and play an active role. i mean, over the weekend t bombarded the twitter network with ideas, for example, maybe to stop selling at, in the future that it's hard to imagine because that's basically all where the money comes from with a twitter. he also, but that was a joke,

hinted that maybe and twitter should move the headquarter to a homeless shelter has nobody really worked out of offices at this point. so a lot of confusion at this point, but it was interesting to see that by the end of the day, the stock of twitter did trade to the upside. so obviously nobody seems to be to upset that ilan math is not joining the board. ok, any quarter in new york for us. thank you very much. now, hong kong is facing what's the business community that describes as the most severe brain drain. since it came under the road of china, an existing problem has been made much worse by an exodus from the countries driven by a strict approach to the korean of ours pandemic did. we use? phoebe cong reports. hong kong travel agency struggles to a 5 by 10 itself into a grocery instead of trips. they sell to overseas. many others i shot it because of

the pandemic border closure has made child like almost impossible for over 2 years . however, the air post to punch a terminal is getting b. c. since 2020 to hong kong has seen. and that's also of a $160000.00 the patches. a 5 vote increase from last year. many a foreign talent, like john good, who left with his business after 8 years in hong kong. i want to be able to have my son where he has the freedom to do simple things like go to the beach or walk around outdoors, a lot of mascot. and as a global philanthropist, i want to have the freedom to travel around the world and raised my seed funding. and so for me, hong kong went from one of the most open, exciting cities in the world to being the senate is closed. and petrified, where the government's policies seem to change willy nilly. the final straw is hong kong. here is to china sarah cove, that policy prompting the toughest measures ever made. the only canal break. not

only individuals at voting with feet, but also companies companies or have significant problems to refill positions to attract talent, to hong kong, across industries. yes. even reaching as far as financial services industry, which has usually been perceived as the most resilient part of it. in the later survey released by the european chamber of commerce, about half of the european companies in hong kong plan to relocate in the coming year. only 17 percent will. so me say, when you wake up every morning and see the journalists are being arrested on that, some newspaper publishers are being arrested that there's no more freedom of assembly no more freedom of speech that hits me pretty hard if you can subject the city state to all the solitude, if you do the, the cultural dna and intellectual dna digest, florida. hong kong has always been coverage from prices over decades. but this time

there is no guarantee that's all from me on the business name, hair, and berlin. if you would like more from us, you can head over to our website, see dot com slash business. you can also seek is out from the d to when use youtube channel. and where, of course, on facebook are on there as d to we don't business remain the team. thank you very much for watching. and until next time it's been festering beneath the surface. the ports of the netherlands operate as a massive drug distribution center is the police spend every day tracking done, ruthless mafia behind the sky in. but the criminals keep casting their nuts even wider a state and the power of the drugs mafia, tucson next, d, w. a pulse with the beginning

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