international criminal court stock prosecutor says that ukraine is a crime scene that comes after visiting the town of boucher where investigators are in zooming bodies for mass graves to document evidence of war cry. she was president joe biden has told russia's war in ukraine, a genocide. that's it for me, rob. what does that next with the w business news? i'll see you tomorrow with sh. i'm skin that i want. that's hard and in the end is a me, you are not a lot of to you anymore. we will send you back. are you familiar with this with the smudges with lions of beef? what's your story. ready ready i mean, listen, i was women,

especially of victims of vine and seen a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information ah, the shop end of a global inflation spike. the latest figures show argentina could see prices rise 60 percent this year, but ask how it's ended up with one of the highest rates in the world. as germany, there is to stop in voting russian gas will visit to region banking on l. n g being the future estate of your business on robots in bel,

welcome to the program. inflation has become a global problem. but while european and north american countries are battling annual rates in the single figures in latin america, it is a different story. prices in argentina rose by 6.7 percent in march alone, putting the country on costs or inflation of over 60 percent this year. as their spending power plummets, argentinians a taking to the streets, they are sharing their meals and their concerns. demonstrate a sienna gen tina's capital bonus iris are demanding more support from the government as inflation and constantly rising food prices drive people to despair. never forget what. oh no matter how much we produce, we're still poor poorer and poorer because inflation is eating away. pulver rising the salaries. i love you that in 2021 inflation was over 50 percent. the central bank has already raised the key interest rate 3 times this

year, but even a staggering 44.5 percent is not enough to compensate for inflation. the situation is just as bleak in other latin american countries peruse also experiencing historically high inflation. prices of sugar, potatoes, and carrots have doubled. meat has become an affordable for many with a boon daily, that healing the rise of inflation and peru is the same. the whole world has been experiencing since the 2nd half of 2021. the land is worse and due to the russia ukraine war, la gala rutil gardenia. many residents off to a suburbs in lima can no longer afford to go to cheap soup kitchens. some of them even had to close. they were no longer able to buy enough affordable ingredients or to discuss the situation argentina and beyond and joined in the studio by have

yeah, i'll get us from the d w. spanish service. thank you very much for joining us in the studio. can you just take us through how argentine has found itself in such an extreme situation when it comes to inflation? well, of course, a situation like this doesn't happen over night. it's a wide array of mistakes in the past by argentina, but also by international lenders. and other governments that has led to this ultimate but there are 2 important aspects. first of all, argentina for decades has been spending far more than it can afford. and the country has been trying to relief all those economic problems by issuing more money on the 1st place, which of course causes inflation. and then also by acquiring more debt debt that the country has not really been able to pay for at least not in an orderly way. the immediate consequence is a lack of trust by international financial markets and investors who don't want to bring money into argentina, which is needed. and most importantly, there is no trust within argentinians themselves in their own currency. they try to save money and to buy products and services with us dollars, for example,

instead of the national vessel. and this further weakens the currency and therefore it causes more inflation and says, look in a sort of vicious cycle, isn't it? interest rates of already 44.5 percent. so where can the central bank or the government actually go to get on top of this? unfortunately, there's not much the central bank or the government can do at this point because this latest spike in inflation is international and it is caused by external factors. i mean, if we want to buy a bottle of water in the vending machines here at the w, we have to pay about 10 percent more and we're not in argentina, we're in germany, right? so there's a limited range of action, but there is an internal problem within the argentinean government, especially between the president of benefit man this and his vice president could be seen of it and under the kitchen, apparently there is no harmony within the government. and that again, it's a problem of trust causes even more lack of confidence in that the government has a plan and then it can actually implement any of the measures that will bring relief. it's not to start and you know, there is a to mean inflation is particularly acute across latin america. what are the

implications of that? well, the 1st implication, unfortunately, is that we'll have more poverty across the continent. because if people can't afford their most basic goods, they fall under the poverty line. but this can also lead to social unrest. and this is a problem in latin america because it can cause political instability. not only because people can essentially revolt against the act and government, but also because it can be easily used by populist candidates from the left or the right to actually make use of that discomfort among the populations. and therefore, put a government in place that can worse and eventually the problems in the countries ok have a good us. thank you very much for taking us through all of that. now let's take a look at some of the other global business stories making the news. a group of twitter shareholders are suing a long musk, accusing him of failing to announce his recent acquisition of twitter shares in a timely manner. doing so would put him in violation of us securities laws. musk

had announced at the beginning of april, he held 9 percent of the company stock. taiwanese iphone, make a peg. tron has halted operations, major subsidiaries in china, g debating strict, 0 coverage locked downs. the suspension is marked the latest blow to apple in march major supplier folks on hold to the operations in the chinese tech hope with shane jen. delta airlines is posted a loss of $940000000.00 for the 1st quarter fuel costs for the u. s. carriers have increased by a 3rd since the end of last year. does a share price, however, jumped on use of a search bookings in recent weeks? well, let's gamble on this from our correspondent on wall street, jens. go to. yeah, and it's good to have you with us. so things are starting to look up for you as airlines. rubbing to definitely dust and dust also reflect

them in the stock prices. you mentioned delta stock up by more than 6 percent and the rent their session are low and other airline stocks also traded to the upside. boeing, the play maker was the biggest winner in the del jones industrial average. i mean, clearly at the beginning of the year, the situation for the airline industry was the tough with ami kron not just the passenger side away from flying. but also you had crew members who had pilots getting infected and thousands of flights and had to get cancelled, but things clearly got better, especially in march and the ceo of delta actually called march the best month in the company history. so we are basically in records territory, and even if capacity is still not at 100 percent red, used to be before the pandemic, the airlines are capable of increasing at the price. and that helps them even to deal with those sky high fuel costs that we're seeing. and the outlook of also

seems quite positive delta for instant, believe that they will manage to be profitable in the 2nd quarter. that scott is not okay in quarter in new york for us now, the german government is under growing pressure to stop importing russian gas, chancellor, or short success. the country does need to end this dependence on moscow for a significant proportion of its energy, but appears to favor a more gradual approach. liquified natural gas, if seen as one of the great hopes for replacing rushing in port. and one part of germany getting ahead of the game. sometimes progress comes in small packages, in this case a box containing a $7000.00 page application for a new liquefied natural gas terminal. in the town of starter, none of the other ellen g sites have reached the application phase. as of yet, where you all can, german bureaucracy can be as fast as the autobahn because we are now lot of

pressure. it's scary. it had to come to this that the warn ukraine and the guess independence we want to establish what is forcing us to speed up in terms of infrastructure developments impossible to political will paves the way the plan tankers will begin delivering liquefied natural gas to germany via this terminal as early as 2020 for 2 years earlier than previously plant. but the terminal could be too little too late. germany currently relies almost entirely on russian gas pipelines. lindsay up hays if you are totally dependent on pipelines, then in a political crisis, you have no way of importing liquified gas quickly input here. but let's say and see if you have a guest terminal and there are problems in one supplier, country, then you can still sent the tanker to another country. and under the luncheon, until ellen g terminals are built in germany, special ships like this one could be a temporary solution. they convert the liquid back into gas,

they mo bile and could be rented with one said to be stationed in val helms, half next year. potentially replacing a 5th of the russian gas germany currently in ports. but more infrastructure is needed, such as a 20 kilometer pipeline connect in the ellen g terminal to storage facilities. the company's been given 8 months to build. it was i, the owners took the final investment decision last week. so we've already ordered pipes at the stage. and although we don't have any official approval yet, we're hiring engineers and planning a turbo speed without approval. it won't be an easy ride as the gas pipeline is set to run residential and conservation areas. he's of these ellen g terminals i hazardous operation that's left got to be properly licensed and you just can skip the environmental impact assessment of what the process is already expected to trade. a law suits from residence and conservationists and the pipeline

will be expensive. 200000000 euros have been budgeted for the starter and williams half and terminals 250000000 for another influence bottle. the amazons i've off but recently have to realize that energy security isn't free, it costs money. it's a public good us and in my view should never be left to industry are global markets alone will buy and math lesson via gas instead of renewables. the war in ukraine is forcing germany to act in the long run. however, the terminal and starter is supposed to help protect the climate as well. instead of fossil n, g green, hydrogen could one day be imported there. to cipher reminder of the top business story that we're following for you. this our prices in argentina raised by 6.7 percent in march alone and putting the country on cost for inflation and over 60 percent this year. thousands of demonstrators have taken part in country wide protests over living conditions. and recently that's over main. the

business team here in berlin, if you'd like mo, from us, you can head over to our website, that's d to we dot com slash business. you can also see is out on the data, we use youtube channel one, check out, check out us areas of business beyond the latest, which is about the new space economy. we're also a facebook as well as dw dot business the next time with freedom and security are essential to their way of life. but how is that affected by their proximity to russia? let been verified as the happiest people in the world. most of them believe in peace, but would that change their erotic neighbor is feeling for those 3?

next d, w. the war is a challenge for the economy. calls for a boycott of russian gas are growing louder. but what would a supply fries mean? countries with their own liquid gas reserves have a clear advantage. how can europe free itself from gas dependency made in germany? in 60 minutes on d. w with aah! every day counts for us and for our planet. global ideas is on its way to bring you more conservation. how do we make

cities greener? how can we protect habitat? what to do with all our waste? we can make a difference by choosing smartness solutions over stains, said in our ways global ideas, the environmental series in global 3000 on d, w, and online ah, ah, news of war diff refugees floods, forest fires, a climate emergency. the corona virus pandemic. the unsourced never seems to wind. how can we cope with it old?

what gives us a boost amid one crisis after another people from very.