either jean steve was even a heavy down poor as the evening progresses. doesn't danton bester? ah, oh, that's it. for now i am told me aladdin bought the business. news of that is up next with rob. what's watching t w's same with us. with people in trucks injured, one trying to flee the city center more and more refugees are being turned away. order families playing on the tags in syria for these correct only is with people being screened. ross getting 200 people 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 sharp end of a global inflation spike. the latest figures show argentina could see prices rise 60 percent this year. we'll ask how it's ended up with one of the highest rates in the world. as germany is urged to stop importing russian gas, we'll visit a region banking on l. n. g being the future, estate of your business on robots in berlin. 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 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 dispatch one of us, i guess it would. oh no matter how much we produce, we're still poor poorer and poorer because inflation is eating away from you hope. all right, the salaries. i knew 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. peru was also experiencing historically high inflation. prices off, sugar, potatoes, and carrots have doubled. meat has become unaffordable for many very boon daily, that healing the rise of inflation in peru is the same. the whole world has been experiencing since the 2nd half of 2021 is worse and due to the russia, ukraine. war era. lucio gardenia, many residents, so for a sub ups 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. but to discuss the situation, argentina and beyond and joined in the studio by javier, i'll get us from the dw 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 relieve all those economic problems by issuing more money on the 1st place, which of course causes inflation. and then also by acquiring more 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 as, as looking to 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? so 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 landis and his vice president. that is tina ford 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 just argentina, there is that, i mean, inflation is particularly acute across latin america and 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 gate. us. thank you very much for taking us through one of them. 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 peggy tron has halted operations. major subsidiaries in china, g debating strict, 0 covey's lock downs. the suspension is marked the latest blow to apple in march major supplier folks on how to operations in the chinese tech. if sion, gen, delta airlines has posted a loss of $940000000.00 for the 1st quarter, fuel costs for the u. s. carrier have increased by a 3rd since the end of last year. does a chef rice, however, jumped on use of a 3rd bookings in recent weeks. let's gamble on this from correspondent on wall street, young core to you and it's good to have you with us. so things are starting to look out for us airlines it definitely dust and dust all to reflect them in the stock price. as you mentioned, delta stock up by more than 6 percent and the rent their session alone. other

airline stocks also traded to the outside. boeing the play maker was the biggest winner in the del jones industrial ever. it's, i mean, clearly at the beginning of the year, the situation for the airline industry was the top with army cr on not just the passenger side away from flying. but also you had crew members who had pilots getting infected and thousands of flights had to get cancelled, but things clearly got better, especially in march and the ceo of a 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 reduced to be before the pandemic, the airlines are capable of increasing the price. and that helps them even to deal with those sky higher fuel costs that we're seeing. and the outlook also seems quite positive. delta, for instance, believe that they will manage to be profitable in the 2nd quarter that started now

. okay, and quarter in new york for us 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. liquefied natural gas is seen as one of the great hopes for replacing russian import 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. but you'll get 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. postal tour 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 planned. but the terminal could be too little, too late. germany currently relies almost entirely on russian gas pipelines. lindsay appears if you are totally dependent on pipelines, then in a political crisis, you have no way of importing liquefied gas quickly input here. but let's say and the, 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 can 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. these of these ellen g terminals are hazardous operation. it's left got to be properly licensed and you just can skip the environmental impact. assessment of 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 we simply 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. go 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 course for inflation and over 60 percent. this year, thousands of demonstrators have taken part in country wide protests over living conditions and recent days. and that's all for me in the business team here in

berlin, if you like more from us, you can head over to our website. that's d to we dot com slash business. you can also speak is out on the d to we and use youtube channel one out, check out, check out us areas at business. beyond the lakes of the bridge is about the new space economy for us on facebook as well as you know you don't business to next time you take a touch of normality and meet still for the stools open again and key thought the war is not over yet on the outskirts of keith volunteers continue to prepare for focus on europe. next, o d, w into the conflict zone with tim sebastian

pressure allegation with russian forces murder, ukrainian, civilians outside k f. have rapidly found their way to the un general assembly because russia really care what the world thinks about its invasion. my guess is weak from moscow as the former deputy for a minute, under a few other conflicts own in 60 minutes on d w. o. what does more do to people are hatred and violence inherited from generation to generation and award winning documentary searches for answers for 2 years. the author accompanies us our fist family in northern syria.

insights into the isolated world of radical islamists, a film about family, faith, masculinity of fathers and sons starts april 16th on d. w. with this is focus on europe. i'm labriola nice to have you with us. disjoint buildings and mass graves, cities and lives are in ruins, as rushes war rages on in ukraine. places in the east and south of the country are under heavy attack as the war enters a new phase in the don bass region. hooton's truth appear to be re.