you are in dw news, w business. these is up next with rob watts. i will see you tomorrow with people and trucks injured when trying to flee the city center more and more refugees are being turned away. order families, please see the reason for these correct. only is with demonstrate people seeing extreme dreams. ross getting 200 people with june 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, us inflation hit a for decade high with fuel food and rent costs. all surgeon will ask whether there is any end in sight. also coming up to nicea is rationing flowers, wheat becomes gas, we'll look at another major knock on effects of the war in ukraine. and the war on the web here have both sides in the conflicts deploying cyber attacks to undermine the enemy. this is due to be a business,

some robots in berlin. welcome to the program. annual inflation in the u. s. has surged to its highest level in more than 40 years. consumer prices rose by 8.5 percent in march. according to the labor department, gasoline was the chief. cooperate with price is jumping more than 18 percent and accounting for more than half the overall rising costs. food prices rent also increased sharply. supply problems brought about by the current of ice pandemic are only being made worse by the uncertainty caused by russia's invasion of ukraine. let's get more on this from our financial correspondent in new york. he ends quarter yann's. nice to have you with us. i've as ever been to the highest inflation since 1981. and is there any sign there were at the top of the curve yet clearly, quite to mind blowing a numbers here when it comes to inflation in the united states. and that is the big the bay to might. we have the and the peak level at this point to me at least we

saw some areas used cars for example, where at least in comparison to february, there was a small, a decrease. other prices did not increase as sharply at least 2 months prior. as we've seen, let's say in february or january, but having that set, i mean prices will remain elevated for some time, maybe not at this 8 percent mark, but definitely way higher than the round 2 percent price increases. that we see in prior to the pandemic. and this is, of course, exactly the sort of thing that the federal reserve is supposed to be keeping an eye on. so what do we know about our plans to try and bring down that inflation? there are definitely and i mean those numbers are pretty important because the next step meeting is early may. so we will not get any fresh press numbers on consumer prices until then. we will not get another job reports until that meeting and to

just the think back. what happened with the latest, the job report with on unemployment rate of about 3.6 percent, almost the lowest unemployment rate in about 1050 years. so yes, the federal reserve is going to act at this point, it seems likely that we see a 50 basis point increase them of interest rates. also, the balance sheet probably will get reduced quite a bit. but the big question at this point is how much can the federal reserve due against inflation in the short term? because there are also some structural things at play. and then just look at what happened to the prices, for example, they up by a good pick percent on tuesday alone. so prices, as i said, will remain elevated for now, and there's only so much the fed can do. okay. and so to new york for us, thank you. now the world trade organization has warned that the conflict in ukraine is putting the fragile global trade recovery at risk

w t. i has revised down is great forecast for this year, from 4.7 percent to just 3 percent saying trade could slow even further depending on the cost of the war. now on monday, the world bank predicted ukraine's economy would fall 45 percent due to the war. earlier, my colleague steven beardsley spoke to mitra last chairman of the ukrainian business and trade association. he asked him whether the key to ukraine's recovery would be a recovery in production. i don't think so that it will be connected to production. the s will lose some people, especially those from 18 to 6 to which went to war is more the question of logistics. because unfortunately, a lot of drivers got drivers simply one to the war. and unfortunately, we don't have political will from european union to support in terms of insurance, the cars and drivers which will come to green to pick up loads. so the question will be it not, and production of the question will be in logistics between ukraine and european union, this insurance issue. have you directly res, that with you?

and what do they say? probably from business side to be raising of the saying it's complicated, but the trying to make a consideration how to support insurance competence including those who have in germany. do you believe like you're getting enough progress? you're making enough progress when you talk to you about helping out on some of these things. a fortunately commission is they doing a lot of stuff and thinking them a lot of celebrating is in the, you know, peaceful time. and now it's what i mean again, so definitely we need to shorten this bureaucracy, especially with me such kind of important political decisions and not only for you green, but also for european union. we supplied a lot of stuff to european union, especially in the cultural production. the war is ongoing. there's talk of a new campaign in the east about things getting worse. is it too early to talk about rebuilding and ukraine? ok before the war, everybody give us 2 days that we will class up to days. now if i do for $8448.00 days against the biggest one guy, and we will win. so now is most to in is not only to start to think about recovery,

we need to think about recovery right now to be prepared. what has to be done to my country? to mature a loss from the ukrainian business and trade association. speaking to steven beslee that now since the war in ukraine began, global wheat prices have risen enormously. conflict in what sometimes go with the world's bread basket is having the biggest knock on effects for the developing countries who rely on ukrainian exports. and she nicea flower is now being russian . the queue is long. the bread baskets and the bakery almost empty. too. nicea normally gets the wheat it needs from ukraine, but supplies of dried up, leaving bread, scarce, expensive, and rationed. there were gaps on supermarket shelves, sunflower oil and flour, a running low. today that lacked ruling while estate no longer has the

means to buy in large quantities. and so it's managing sparingly, hoping that prices will fall back to levels from before. oh, this all the i, the naval gordon. every corner of shanicea grows its own wheat, but mostly the durham variety used for semolina ro, pastor, instead of soft wheat. for bread loan, isn't it? yes, we're much better paid for growing these cereals much. so we go more towards those than soft wheat. do go valuable at the price of a buy get has already doubled, showing that a war in europe spread basket affects the daily lives, even of people living thousands of kilometers away at some of the other global business stories. making the news construction has resumed in denmark on a gas pipeline. linking norway with poland, work had been suspended due to environmental concerns. the baltic pipe project is due to be finished by the end of the year. war saw says when completed,

it will end polish dependence on russian gas and russian deliveries of gas to slovakia fell on tuesday by around 25 percent from the previous day. according to data. from the slovakia network operator. lakia depends on russia for 85 percent of its natural gas, and his government has repeatedly said the country can't afford to be cut off from the supply. the war and ukraine isn't just playing out within the countries borders . another front has opened up in cyberspace brushes use of hackers to attack it's adversaries has been well documented. but ukraine is also proving itself more than capable of cyber counter stripes. and army of hackers is taking warfare to a new frontier. ukraine is fighting rushes. invasion insider space 2 over 250000 volunteers. answer the call of the countries deputy prime minister and

minister of digital transformation. b. hi lo, fedor of and joined it's i t army. their aim to launch cyber attacks on russia. it kind of members that they have include sort of patriotic activists and the on the type of attacks they're doing. and while they might be disruptive and sometimes embarrassing, so taking off, you know, government websites offline and that, but they're not sitting. and as cyber war sort of declaration, i would say much more of an embarrassment. the warn ukraine is mainly being waged with physical weapons. bombs are dropped on cities and homes are being destroyed, causing people to flee. but beyond these highly visible attacks, others are also being carried out online by both sides. when is that a deck we impact access to water, access to food, access to energy access to healthcare?

and that's what we are facing now in terms of risk of us getting the series of suspected russians. cyber attacks continues to this day. everything from spyware to data fishing to digital attacks on infrastructure, including power plants, military communications are being targeted to, ah, this is a fortune, in essence, re tank, every aircraft is a computer pi salons. one that's also connected to a network of these devices alone contain masses of cyber technology. ukraine also uses social media to fend off rushes attacks me fellow fedor off has been actively pleading for peace. he asked ellen musk for starlight user terminals to keep ukraine's internet up and running, and musk delivered federal then called on companies to boycott. russia many of now pulled out of the country, causing huge economic damage with dead

digital minister. and mr. federals has been quite active on twitter and, and sort of pressuring t eyes of large companies. t boycotts, russian businesses. even though bombs caused more visible damage than computer viruses, traditional and cyber warfare can both have devastating effects. just have her remind of the top business stories we're following for you. this our annual inflation in the u. s. a says to its highest level in more than 40 years. consumer prices rose by 8.5 percent in march. according to the labor department, gasoline was the chief culprit with prices jumping more than 18 percent. the well trade organization has warned that the conflict in ukraine is putting the fragile global trade recovery at risk. dewitt t o has revised tap down. it's dreadful cast for this year from 4.7 percent to just

3 percent saying trade could slow even further depending on the coast of the world . and that's all from me on the business team here in berlin from or from us over to our website. you doing a com slash business only doing the news, each of champ, also facebook until next time with 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 skiing are good, but the criminals keep casting their nuts even wider a state and the power of the drugs mafia. tucson next on d, w 7 percent is back in

a row be we were told that 14000000 loan accounts have been blacklisted. and for those people, they're at risk of even not getting financial services at all. and so question today is, is it fair to look out, people from money knowing full well they might not have any other options. people have run away from the house. these people have done so many bob because of liberals of was it will be in the 77 percent in 60 minutes on w. o. o does a more and eternity time. it can be measured precisely and did everyone experiences it differently as if there are different forms of time?

time, a phenomenon, a dimension. we know we won't live forever. an illusion. about time presenting futures past starts april 14th on d. w. with the container ships comes the cocaine. with the cocaine comes the cash ah, with the cash comes the violence with the murders of ordinary people and those in the public.