and in addition to the equipment, it has already supplies you watching d. w. news live from berlin. daniel winters is up next here on the channel with dw business. remember, you can always get the latest news on our website, d, w dot com and follow us on social media. and we'll also, i'm berlin, thank you very much. be a company ticket. ah . people in trucks injured one trying to free the city center more and more refugees are being turned away. order families on the tax. in the reason for these critical illness with people lean extreme drought around 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. w. made for mines. ah. ah, ilan mosques bid to buy twitter takes another step closer to reality. the billionaire says he's put together a funding package to take over the social media company. will it be enough? we'll get the view from wall street, also coming up the world's biggest food companies, raise prices of one of more hikes ahead for consumers or take a look at how inflation is hitting the world's poor. that time again, dw business welcome. ellen musk says he's managed to scrape together the money to

buy twitter at $46.00 and a half $1000000000.00. it took a lot more than looking under the sofa cushions. major banks like morgan stanley, are on board to provide finance for the venture. it answers a big question for investors who are worried must didn't have the personal wealth to carry out his bid to buy up the social media platform. the next step mask has to convince shareholders. and in the end, the board of twitter to accept his offer. and as always, james sweeney is watching the view from wall street for us. james, the experts were skeptical to put it lightly. that must could actually get together the money to pay for this. tell us more about how he managed to do it. well honestly it looks like the skepticism is done because according to the latest filing with the a, c, c must, has the money at the receiving commitments for $46.00 and a half $1000000000.00. the finance this deal. and you said, where did he get this money from? well, here's a bit of

a breakdown. first. he said he's committed to about $21000000000.00 in equity financing. he's covering that himself, while musket secured about 25 and a half 1000000 in debt. in financing through morgan's family, senior funding and other firms, that of which is broken down into 12 and a half 1000000000 and loans by most and 13000000000 and other debt tied to twitter . so now the bit is in the money is there, and it will be interesting to see how and if twitter bites, as twitter has not only responded to his unsolicited, offered just yet. but this is it. okay? but it seems that in the past, anything that must cosette about buying twitch arrow insinuated about a scene, a leap in the shadow price. but twitter shares to day were fairly flat. is a sign that it's still seen as unlikely to be successful. well, there's just so much to taken in so many roads this journey can take everybody. there's just way too much on the certainty. first, ellen ones, twitter, but twitter appears to be stalling for time. muster then said in his filing that twitter has not formerly responded. so he wants to appeal directly to the investors

to buy their shares. meanwhile, twitters board already throwing a hurdles that must when they, after that offer the board adopted a poison pill measured the fend off must and give the rectors more time to consider what to do, making it more difficult, the more expensive from us to own anything more than 15 percent, but if enough investors find must bit attractive. they could pressure the board to get rid of that poison pill and talk with a billionaire again. so many what have scenarios. and a lot of people are just watching on the sidelines and speculating what is going on in the heads of these twitter board members right now. okay, well james, i want to change gears now. turn our attention to disney. it shares hitting their lowest since march 2020 as florida voted to revoke its special tax status there. i mean, it's all over the state so called don't say gay bill aimed at schools in the state . disney spoke out against the bill, which bars educators from teaching about sexual orientation and gender identity until after 3rd grade. republicans didn't take kindly to disney's opposition and now that hating back, removing a special tax status that has saved them the company. a lot of money over

a 50 year period. so james, is this just another blip for disney? or is it part of a longer term trend, pitching, entertainment companies and politicians against each other? you know. hm, that's an interesting question. i would say that it's a blip, but apparently it's becoming a trend. listen, say what you want about each be $1557.00, or as a label it don't say gay. it's the law of the land that is they sits on and here's what's going on. right? disney is overly calling for the repeal of h. b 1557. okay. now florida, republicans are pushing the shrub. disney of its self governing powers and tax breaks, but not because of their stance. at least that's what they're saying on paper. they're voting. the 4th, disney start paying hundreds of millions more in taxes, claiming that other theme parks don't have the same luxuries and that people have been wanting to deal with these special districts for quite some time. disney has not answered. so all that can be said is this expect a big dispute in court now? why do i think it's becoming a trend or it is a trend?

yesterday i read the former mcdonald's c. e. o. at ren, see that the man behind the chicken nugget. he launched, initiated the fight, woke corporate policies. he went on to say that corporations had no business being on the left or the right because they represent everybody there. and the fact that there's an individual launching such an initiative. that means it's no longer a blip. it's definitely a trend. well, it seems that whatever happens, companies are gonna have to deal with the so called culture was whether they like it or not. james sweeney that on wall street for us. as always, it's been a pleasure. thank you, james. and now let's look at some of the other global business stories making news . new data shows the number of americans collecting unemployment benefits has declined to its lowest level in more than half a century. about 1400000 americans are collecting 8 the u. s. job market has remained strong despite ongoing supply chain disruptions. russia says at plans to unveil a digital ruble that can be used for international payments by next year. in response

to western sanctions, the country also wants to expand its use of banking cards abroad. the russian central bank governor says the digital rubel is among the institutions priority something as look back at ellen masks, company, tesla, which has reported strong earnings for the 1st quarter of 2022, beating expectations by around a $1000000000.00 slouching banks to sales of u s regulatory credits the company gets for making electric vehicles. however, analysts said they shanghai locked down, which closed testers plant there was hit, the carmakers, 2nd quarter earnings and german exports to russia have collapsed since the start of the war in ukraine. in march, they fell by 58 you on year was around a 1000000000 euros. the plunge means that in the space of a month, russia has fallen from 5th to 12th in the list of germany's biggest export destinations. back to an ongoing trend were monitoring for you inflation. major

global food and beverage companies are increasing their prices amid surgeon commodity and energy costs swiss food giant nestle said it boosted prices over 5 percent in the 1st 3 months of this year, saying father rises wrong the way. another big food company, done own, has also one of price hikes. a double whammy of a pandemic and a war has slammed the global economy. as usual. it's the poorest who a hit hardest in the heart of when his iris crowds are lining up at the soup kitchen. some are regulars here. others are. first timer is driven by an economic crisis with sky high inflation of 50 percent. the government has been paying a one time granted around a $160.00 to the poorest, but it doesn't go far enough here. hello. not to go that hopefully we be able to make the most of the grant mostly will use it for food. when the government provides aid, we always stuck up on food that doesn't expire quickly so that we have something

for the future. i will put out what am i you, give away that i got it and what can you get with this grant? 3 boxes of milk and those with newborns. 2 packs of diapers. obviously it helps, but it's not enough. oh, really feel welcome to i was, i am f managing director crystelina georg ye. ava said the war and the pandemic are a massive setback for the global economy. of facing, she insisted g. 20 countries must continue to cooperate to deal with pressing problems. accelerated inflation. it has become a clear and present danger for many countries. rising foot in killed prices are training the budgets of ordinary families to a breaking point. meanwhile, the world bank, working closely with the i, m f, is forecasting a prolonged crisis. one of the key transmission mechanisms is the shortages of food, of energy and fertilizer. these are the fertilizer and energy are critical for the

crops cycle. so they're building on each other and creating a, our food insecurity. crisis that, that will last at least months and probably in to next year. finance officials from the us, britain and canada, walked out over russia's participation in a g 20 meeting to address the headwinds, confronting global growth, resolving the food and energy crisis remains a major challenge as long as the war continues. for to get more on this earlier, i spoke to customer jesse, who is chief economist at i n g germany. i asked him to paint a picture of just how bad the current wave of inflation is. is actually a very bleed picture. i can paint here it is very high inflation. we're looking in place to live class in the 19 seventy's and eighty's. and then what, what the warrant crane has no penalty celebrated. is this inflationary pressure

acting. we're really looking into dollars due to the inflation hours in the coming month. and the bad thing is it's not only hurting consumers. it's also we're in the industry companies because the costs are going up. and this is kind of squeezing the entire economy, both at the corporate level and the consumer level. lation, i'm in the euro zone, i'm assuming you're referring to. so what do you think are central banks like the e c. b, doing enough, after all the easy, because not raising rates at all, yet they say they don't want to strangle the post pandemic recovery or they're worried of tightening too fast. what do you think this is right, and i think the years on the east to be are in a completely different position than the u. s. economy and the federal reserve. so there at the fed really has to speed up normalizing, want her policy. while in europe b. b is looking at the worst central bank can be looking at. namely, stagflation is stagnating economy,

with extremely high inflation pose. an enormous challenge for a central bank, particularly as this inflation cannot be controlled by higher interest rates, because it stands from higher energy prices, that wandering prices from global supply change regions. from the end of the pandemic, and there is very little b can do to bring inflation down what b c, b can and will do is to normalize mortar policy. we do no longer need these emergency measures like acid purchases, like a negative interest rates. and i think that these people now really speed up this process on normalizing monetary policy, but they will not follow in the footsteps of the federal reserve bank in the u. s. which is engaging in a long series or a house was cost breski talking to me earlier, and it's about time for us to go. but just a bit of time to remind you of the top business story that we're following for you in on month cash unveiled, a financing package was $46.00 and

a half $1000000000.00 in his bid to take over twitter. mosque still has to convince shareholders and the board of 20 to accept his offer. and that's it. you're up to date with a d. w business from mcdaniel winter in berlin and the rest of the dw business team . thank you very much for watching and see you next time. same time with is the end of the pandemic insight. we show what he can look like will return to normal and we visit those who are finding it difficult to success in our weekly cove is 19 especially over 19

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