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whatever it takes to find policeman follow with we are your is actually on fire made for mines. 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 twitch, his biggest shareholder, elan must, will not be joining the board despite amount think he would last week, low delve into the possible reasons behind change the state of your business on

robots in berlin. welcome to the program. the financial devastation reeked by russia's war in ukraine, laid back the world bank has put the economic cost of the conflict into the into numbers. and in your report, it forecasts the ukranian economy will shrink by 45 percent this. yeah, 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. the world bank expects the russian economy to contract by 11 percent this year. now we've been speaking to antibiotic from the world bank. she told us about the extent of the economic problems in ukraine. we're seeing of course, a collapse in a domestic demand. we have seen businesses close. the black sea is about 50 percent

of all exports in ukraine. go through the black sea. that's of course, right, not very difficult. and also what's important to keep in mind is that where the fighting is taking place is 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. we're now forecasting poverty will go up to close to 20 percent in 2022 with another 60 percent of the population. that risk. what we have learned over the years is that when a country is in conflict, it's important to maintain crest and such an international development institution . because when the war ends and the conflict ends, we would 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 world bank is also predicting

a major knock on effects for economies beyond russia and ukraine, it slashed its growth forecast. the central europe, for example, this year from 6 percent to 3 and a half in cranes, western neva, poland is experiencing a labor shortage as ukrainian men had back to that homeland, to fight poland. transport sector is one of the largest in europe. polish companies deploy some 300000 drivers who transport goods across the continent. one and 3 of them is ukranian. 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. 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 routes and ukraine, but none from poland. he's trying to keep his ukrainian drivers in the you just over an extra special with just the truck bag or look i got to warn you. crane has made us short of drivers up to the provider, but our own ukrainian drivers along let our guys are traveling to ukraine to defend their country. most invited us, we could even though still here are thinking of going there over this that but we're still able to stop them victoria, but for it's almost impossible to make it back. now, as it is, yes, that was all the cities being bombed by adam best way. mess, bog, those are mass, they banks finesse the sandwich as they louis or for the but the line them unbearable circumstances for those like iraq vianza, a driver on the road in germany. yes. yes it, i, yeah. even if i were to drive all the way there i and 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 hometown and eastern ukraine, which is family sent him for the time being he still driving in the you for for how much longer you been him. it's funny, the goes up and we won't be able to make up for such a massive loss of driver's 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. not at any time. there is no easing of the crisis in sight. the longer the war goes on, the likelihood of sanctions being imposed, including against better roost goes up. this could put the bellow,

russian drivers out of work to meaning even fewer trucks and europe's roads. now to some of the other global business stories, making the news, the government to marry a druggie has signed a deal without jerry yet to supply more natural gas to italy. it's among the nations pushing to end is reliance on russian import. following evasion of ukraine under the dale, algeria will supply an extra 9000000000 cubic meters of natural gas to, to lead during 20232024. so like as prime minister ma hinder roger pac sir, says it reinstate fertilizer subsidies the pharmacy 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 to and testers here a long must will not joined 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. yet have you got any idea of why musk would choose not to join the board? twitter? rob, clearly quite a turn of events. i mean it 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 of 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 been some reports that not everybody is so happy about in the back and forth. some of the largest shareholder, what ill on my skin 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 twitter should move the headquarter to a homeless shelter as nobody really worked out of office 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 too upset that math is not joining the board. ok, any quarter in new york for us. thank you very much. now, hong kong is facing what 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 country, driven by its strict approach to the current of ours pandemic. did we use? phoebe cong reports, hong kong travel agency circles to the 5 by tenant itself into a grocery is that of trips they sell to them from overseas. many others asserted

because of the pandemic, for the closure has made child like almost impossible for over 2 years. however, the air post to patch a terminal is getting b. c, a since 2020 to hong kong has seen. and that's also of a $160000.00. the purchase. 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 senators closed and petrified, where the government's policies seem to change willy nilly. the final straw is hong kong. here is to china, sara code that policy prompting the toughest measures ever made on the canal break

. not only individuals, a voting with a feat, 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 firmly 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 recovered from crisis over decades. but this time

there is no guarantee that's all for me on the business name here in berlin. if you would like more from us, you can head over to our website, skita we dot com slash business. you can also see who's out on the de doing news, youtube channel, and where of course, on facebook are on there as d to we've doped business remain the same. thank you very much for watching and until next time, pick up a with the music. the consulate, a protein moving was displacement, destruction and a war the so and the orange 21 next on d, w. a pulse has

a beginning of a story that moves us and takes us along for the ride. it's all about the perspective culture information. this is d w news and more d w made from mines. oh. and i think everything jenny fair, some are big a mostly so much different culture between here and there. so challenging for everything ah, and to some of this, i think it was worth it for me to come to germany. chicago to work as

a swimming instructor in there. now i teach children on the dose to swim desktop. is this for? what's your story? take part, share it on info, migrants dot net. ah her. oh, she's listening to this is when kids have to run through the basement that you can't. yukon billeted from his brain, you conducted from the his memory. the music in tops is nice, nice of lights that help missiles the lines do i leave today? again, she is still and i was not that long ago, and it's sheets or society to this day. that would be what this melinda situation. the only thing that can give hope is love to learn more.