eastern. thank you, craig. this is dw news. rob, what is up next? will be w business news. i will see you tomorrow with what does more do to people or hatred and violence inherited from generation to generation and award winning documentary searches for answers for 2 years. the auto companies that sell a fist family in northern syria insights into the isolated world of radical islamists and into a spiral of violence without end,

with a film about family, faith, masculinity of fathers and sons starts april 16th on d, w. ah, a long musk moves to take control of twitter, the space x tesla found a has offered to buy the platform outright and turn it into a haven. a free speech will get reaction from wall street. and the european central bank continues to tell around raising interest rates will ask the world bank if the say bait being too timid. assisted every business. i'm a boss in berlin. welcome to the program. hello,

musk wants to take twitter private. the pester tycoon has offered to buy the social media company and turn it into the world's free speech platform as he puts it. he's also suggested he'll sell his existing 9 percent stake in twitter if his offer is turned down. most himself is a keen use of the social network and has more than 80000000 twitter followers. but it says twitter needs to be transformed and that he can unlock its extraordinary potential. let's get more on that from correspondence in new york in this quarter. youngs just told us to exactly what it is that the musk is proposing here. yeah, and clearly too crazy weeks between a twitter and musk. musk basically wants to take twitter private meeting, also taking it off their stock market and was that twitter would not be

controlled. tor actually must could basically do whatever he wants with twitter, but without any influence from regulators like the fcc also from investors or a board of directors. so that's pretty much the planet mask him, hinted that he does not believe that the current management will be capable of turning a twitter around. but taking the company private. what do the trick it was, the reaction being from the existing management and of course, from the shareholders. well, i mean if you look at other shareholder, so for example, another big shareholder is the saudi prince of elite and t per twitter actually commented that he believes that the price that mask is putting at the table is not high enough. i mean, we are talking a good $54.00 per share. the company or the stock price of twitter last year

was at time so well about for $70.00 a piece. so it could not be high enough. the reaction on wall street was also quite interesting. initially the stock of twitter went up, but by the end of the training session, the stock went down. so there they are, obviously a lot of question marks them. if this offer, we will go through also what to regulate us might have to say like this, but the, this saga and between a twitter and ilan mosque obviously never ends. maybe one final word to the stock of tesla because yes, you know, mosque is the richest man on the planet. he has a wealth of about $250000000000.00, but he doesn't have that money on the bank account. so if he wants to buy a trigger, he probably would need to sell some test last shares to get the funds to purchase twitter and therefore the stock off. tesla also traded to the downside in the thursday session. okay. and quarter in new york for us. thank you. mustang,

and the u. s. and nothing moves the world's largest economy, like gasoline prices, the surge of recent weeks is sparking frustration and already leading to political consequences. that's true. in particular, in california, the state where the nation's highest gas prices nothing says l. a better these days then? well, this forget hollywood, beverly hills, movie stars and oscar. los angeles is about traffic jams, about wasting time in your car, which also means wasting precious and very, very expensive gasoline. ah, there's something about a high gasoline price and you see it on the marquee, and you literally can see visceral reactions. we are in a high price environment. we have a moment globally that i don't have to tell any viewer out there is, is unlike any other that we've seen, probably in 40 or 50 years, right?

the world out there. rush us war on ukraine, oil market volatility, supply chain issues, supply and demand squeezes. all that is adding to the existing misery of filling up in california when you go over 5 or $6.00, it hits people in the pocket book, and it's really difficult. it affects every single consumer, for millions of commuters in and around los angeles, escaping the snarling highway traffic is one thing. waiting in long lines at the local discount gas station. to shave off a few cents per tank, is another. other things in life have to get sacrificing, or that means smaller meals or shorter trips. maybe we've been, have escaped like a vacation. it takes right now about $200.00 to fill up my car. it's not gonna let get entered. california governor, governor newsome, the governor wants to hand out debit cards worth $400.00 to every reform you own

your car. the prize take for that idea. 11000000000 california tech surplus. this, however, is only a temporary fix, not a solution. experts say, in fact, it seems almost certain that high gasoline prices are here to stay worse, that they will increase that to look at some of the global business stories making the news present. she, jim, paying has emphasized that china must stick to its strength, 0 coverage policy and things. speculation that current pandemic measures could be relaxed, large cities, including financial hope. shanghai are under strict, locked out with a growing impact on the world's 2nd largest economy. and the international monetary fund plans to raise at least $45000000000.00 for a new trust to help low income and vulnerable middle income countries. the mit challenges like pandemic and climate change. i am a head crystelina guilty. ava says,

the goal of the trust is to re distribute funds from wealthier to more vulnerable countries. as members look to support global economic recoveries. now the european central bank kept its key interest rates unchanged on thursday. the b face is a dilemma with your resign inflation. it's in a record high of 7.5 percent in march. fuel and food prices are searching and supply chains remain snarled up. but the u. s. has taken a different path to the c. b, raising rates twice so far this year. so why the imbalance in a purchase? i asked common reinhardt, from the world bank, whether it's down to disagreement over how long the inflation search will last. i think the federal reserve definitely started out with the narrative that it was all transitory s. b the e c b has clung to that view for longer than the fed. i think the fed basically

started backing away from the the narrative of temporary nist. so certainly at this conjuncture, it, it does seem way behind the curve to be, to be making arguments on temporary. and i think on your core question of why our central banks, timid ah, to raise rates. well, i think we are in a situation where there's, you know, sufficient more in europe at the moment than in the u. s. uncertainty about this, the durability of the recovery. i think we live in a world in which there's a very high level of public and private indebtedness. so i think central banks have become more timid about raising interest rates, certainly than about lowering them something. so he's keeping an eye on this

prospect of a sudden stop to oil and gas supplies from russia. is that a prospect that concerns the world bank? i think it is certainly a prospect that i think it concerns everyone and could certainly concerns a world bank. the world bank, of course, is very preoccupied with disruptions and commodity markets because they are wreaking havoc on a great many developing countries in emerging markets. these, these disruptions are being manifested and enormous. no impact, especially on the, on the poor segments, you know, price hikes, of food and oil, or, or about the most regressive kind of shock. so, certainly, the, the world bank is very concerned about the commodity market implications of, of the conflict. ok, common reinhardt,

senior vice president at the world bank. thank you very much for taking the time speak to us. thank you. believe western sanctions ravaged the ruble, and nations turn away from russian. oil and gas russians are in need of alternative investments. go as long provided a safe haven and risky times now is no exception. jewelry stores in sudan are doing well of the north, east african country is suffering from the consequences of a long civil war. and gold is seen as a safe haven and on certain times it's not just sudanese people buying the precious metal. though russians are also buying on a grand scale, not a jewelry stores, but directly from sudanese mines. according to local media reports, a russian gold rush could be a hedge against western sanctions. the price of the precious metal has gone up around 10 percent since the start of the war. the russian central bank currently holds around $2300.00 tons of gold. the 5th largest gold hoard in the world. no

country has bought as much gold rush in the last 10 years. according to the world, gold council. of selling gold is becoming more and more difficult. london, the world's largest gold trading center, has suspended purchases from russia because of the war in ukraine. there are, however, loopholes, other trading classes in china, for example, or india. the russian central bank does not need to sell the gold yet. the kremlin could use its gold holdings to guarantee deposits at banks, which suffer from western sanctions. the share of gold in the countries foreign exchange reserves is at 23 percent, which is very high. china comes in 2nd, followed by japan and germany. much of russia's foreign exchange reserves are frozen because of the war as part of the sanctions. the growing stock of gold has given moscow a little more independence from the u. s. dollar on the euro. but gold is heavy and difficult to transport. you cannot pay for everything with it. decipher reminder of

the top business story we're following for you this alan. ellen must cash offer to buy twitter test that i care and also suggested he would have to sell his existing 9 percent stake in the social media company if his offer was turned down. not so for me in the business team here in berlin until next time, like a touch of normality in the meat still for the 1st 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 next, o d, w. it is the end of the pandemic in sight.

we show what it could look like will return to normal. and we visit those who are finding it difficult. exceeds his successes at noon in a weekly coven 19, especially over $92.00 special in 60 minutes on d w. oh. i think everything jenny fair, some are a big, almost so much different culture between here and there. so challenging for everything. ah, and some is this. i think it was worth it for me to come to germany. shove my got

my license to work as a swimming instructor, you dish and now i teach children monday. don't to swim. just what's your story take part. share it on info, migrants dot net ah ah, 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.