in your park i. that's it for now, rob watts has business news next. next, spicer. watch with with several did in wide wing extremists writes regression again, world might be and coping weight and burned in south africa. people with disabilities more likely to lose their jobs. in the pandemic black lives matter po, shine a spotlight on racially motivated police violence, same sex marriage is being legalized in more and more countries. discrimination and

inequality, or part of everyday life. for many, we ask why? because life is diversity, make up your own mind in d. w. need for mines. 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 is urged to stop in boating, russian gas will visit to region banking on l. n g being the future. as the state of your business on robots in berlin, welcome to the program. inflation has become a global problem up 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 cost or inflation of over 60 percent this year. as their spending power plummets, argentinians are 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 arising food prices drive people to despair . but never forget, but oh, no matter how much we produce, we're still poor poorer and poorer because inflation is eating away. polarizing the salaries, weight of a linear were 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 unaffordable 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. leora lucio grania many residents off for 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. as a discussed situation, argentina and beyond and joined in the studio by havea, i'll get us from the dw spanish service. thank you very much for joining us in the

can you just take us through how argentina's van is 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 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. this is 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 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 a bit of atlantis and his vice president could be seen of it. and under the kitchener, 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, one of 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 acting 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 worsen eventually the problems in the countries. ok, heavier guide 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 elan 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 maker peggy tron, has halted operations. major subsidiaries in china, g debating strict 0 cove is locked down. the suspension mark the latest blow to apple in march. major supplier fox on hold to the operations in the chinese tech with jen, jen. delta airlines has 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. but let's get more on this from our correspondent on wall street, jens. go to. yeah, it's good to have you with us. so things are starting to look up for you as airlines. it definitely does. that does also reflect them in the stock price. as you mentioned, delta stock up by more than 6 percent and the rent their session are low and other

allen stock 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 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's history. and 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 the price. and that helps them even to deal with those sky higher 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 started now

. okay, in quarter in new york for us the german government is under growing pressure to stop importing russian gas, chancellor or shots. except 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 is seen as one of the great hopes for replacing russian imports. 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 stander, none of the other ellen g sites have reached the application phase as of yet, well, you'll get german bureaucracy can be as fast as the autobahn because we are now lot of treasure. it's scary. it had to come to this that the warn ukraine and the guess

independence we want to establish, we're not as forcing us to speed up in terms of infrastructure developments impossible to a 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, a pace, 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 lindsay, if you have a guest terminal and there are problems in one supplier country, then you can still sent the tank to another country. and under this 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 set to be stationed in val helms,

half next year. potentially replacing a 5th of the russian gas germany currently in ports, but more infrastructure as 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, planning a turbo speed without approval. it won't be an easy right. as the gas pipeline is set to run through the dental and conservation areas, he's of these l n g terminals i 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 lawsuits 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 here. mr. jones, i've but recently have to realize that energy security isn't free, it costs money. it's a public good of and in my view should never be left to industry are global markets alone will buy in math lesson via gas instead of renewables. the war in ukraine is forcing germany to act. in the long run, however, the terminal inch data 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 of over 60 percent. this year. thousands of demonstrators have taken part in country wide protests over living conditions and recent days. that's all for 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 who's out on the, do you use youtube channel one, check out. check out us. aries at business. beyond the latest, which is about the new space economy, we're also a facebook, as well as w dot business. the next time with the war is, 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 only good gas reserves have a clear advantage. how can europe free itself from gas dependency made in germany next on d w. a touch of normality in the meat still for

the stools open again and keith. but the war is not over yet. on the outskirts of keith volunteers continue to prepare for focus on europe in 60 minutes on d. w. ah, ah listen carefully. don't know how to do good. ah, feel the magic discover the world

around you. subscribe to the w documentary on youtube. ah, ah ah, ah, it's a contradiction at the heart of europe's response to the war in ukraine that you ascending ukraine weapons to help defend itself against russian attacks. but at the same time, the block is financing putin's war by continuing to buy its fossil fuels.