global arms race is on and we'll show you a couple of the bikes that are not only fun to ride, but which also have to make us keep their business spirit intact amid the woman ukraine. i'm 1st colbert. relent. welcome to program. there is a huge sigh of relief in europe and the west following french president emanuel microns victory over the far right candidate marine la pen policy makers. and investors can now count on a continuation of frances work was in the global community. europe, 2nd largest economy still has major challenges. president, crohn's previous economic reforms, attempts, changes to frances labor law and official retirement age were met with violent protests by the so called yellow vest movement. all right, let's get some reactions. so here from germany from clemens foose, he is the head of germany's e for economic research institute. good to have you back on the show clemens. let's

take a look at the french economy here with inflation rising. purchasing power has evolved as the dominating theme during the election campaign and france. what do you expect the president to do? i think that the president will continue to be under pressure to hand out goodies to offer relief to various groups of the population. and that is a problem because the country is so highly indebted, and in the current situation, it is very difficult to react to rising fuel prices to rise and inflation in general and maintain purchasing power. the problem is that this is mostly imported inflation. energy prices are rising, food prices are rising, the prices of important commodities are rising. and the only thing the french government can do is yes, cut taxes for the population to damp on this price increased. but that will drive

up public debts. it will drive a public that in a situation while public that is already very high, as a consequence of the corona crisis and tax revenue with faltering due to the stood through the bad economy. so it's the problem at the same time stabilizing demand in a situation with high inflation, makes inflation that was in a way. so this is a tricky situation. a man, i'm a chrome will also continue to apply himself as someone trying to stop the war in ukraine. of course, no fighting is far from over in ukraine, yet business confidence in germany has been up surprisingly what's behind that? we shouldn't forget that business confidence kilometer last month. and what we have now is a stabilisation, i would say not much more. and what we see here is a mixed bag. in fact, though, there is some established asian and some improvement in the manufacturing sector,

which was of course, most affected by the outbreak of the war by rising energy prices. at the same time, we get very mix news from other sectors. the, the best news comes from services because the opening of the economy, the relaxation of the corona pandemic situation improvement of the situation that helps a little but in other sectors, in particular, in construction companies are telling us that the business, the business outlook is bad. so i would say it's a 7 as ation at a low level, but still a project situation. clemons. so some of the economic research institute of munich, as always, thank you. thank you. there is not enough support among you. member states for a complete embargo or punitive terrorist on russian oil and gas. that is, according to the blog, soft top diplomat up. ralph who spoke to german daily,

developed many rhythm you have called for an end to oil payments, arguing that they effectively finance russel's war and ukraine and could be used to force and end the call. the urban central bank has also been warning of a european boycott of russian all and gas. here is the to be president christine the vari. if we were to take abrupt measures that would induce an increase of the price of oil or guys around the world from which the russians would eventually benefit, then that would not be the right policy. so we have to do it in sufficiently smart and subtle away so that we actually achieve the goal that we have, which is to reduce the financing, the head of the c b christine regard. speaking there, now for the 7th year in a row, countries around the world has spent record sums of money on weapons, even before russia's war and ukraine started. that's according to the stock home

international piece, research institute, total global military expenditures for the 1st time exceed. it's 2 trillion dollars last year and increase of point 7 percent from the year before the big spenders were the united states. china india, the u. k. russia, france, as you see there, india as well and germany. now together they account for about 2 thirds of global military expenditure. china's military spending group for the 27th consecutive year and with many countries propping up their defense and mid russia invasion of ukraine military expenditures are likely to rise further. that's why i asked alexandra marsh steiner of the star call international peace research institute. if we were in the middle of a new global arms race, it's always been difficult to judge based on just the numbers,

but we are the new record high in global your expenditure. 20212021. we reach over $2.00 trillion dollars. whether or not that car is a matter perspective we're, we're definitely observing and continuous increasing tra what is your forecast for the coming years? how will the war and ukraine boost military expenditure? so shortly after russia launched its invasion against your brain, you know, there were being announcements made every, every couple of hours that governments intended to further increase. or, you know, we saw that in germany and we saw it in sweden, romania, poland. there's also a good chance that the u. s. congress will further boost. i'm spending beyond what the bite and ministration have a question. so, you know, we see that this trend will probably continue for some time. now obviously

you are with a piece research institution, but a mid rush has aggression in ukraine and fears of neighboring countries that moscow wants to reach even further. isn't increased military spending a good thing at this point of time? well, i think, yeah, you know, everyone kind of has to find that for them. so on the one hand, you know, it's true that russia, ukraine, really i did shadow that european security order threat receptions are not on all time. i would think it's understandable that many people are calling for increased military spending. but on the other men, you know, you always have to consider every money spent on military is you know, a dollar or euro that's not be spent on education, health care, social programs, economic relief, and not sending. so that's up to every country. that is, that is

a given if a country ops its military spending, the money is lacking elsewhere. well, i mean, it also depends on how, how the funding is finance re, you know, governments can raise taxes. they can take out loans, they can, they can make cuts elsewhere, but in principle, you know, we talk about a trade off the military and other types funding. alexandra, do hire military expenditures immediately. lean more guns and rockets. i mean, where exactly is the money going? so military's the name doesn't automatically mean procurement spending, right? there are other types of spending you need to pay the salaries of troops. you need to buy fuel for your tanks. so you know, procurement is only a part of it, but we are seeing that many of these announce increases are very much focused on, on military or german, as well as research and development. and it's under mark steiner of the stockholm international piece research institute. thank you for your time. thank you. it is

off to the west coast of the united states now where an e bike business has been setting up shop. the bikes have been lauded for being top of the line, but there is more of the story. because the makers of the bikes, the stem from ukraine, and with some colleagues working from bomb shelters, the founders are not trying to navigate the war and how to keep their business spirit intact. the w's warrant. imran reports across the street from one of southern california's biggest oil refineries. sits e ride. one of the areas stop destinations for all things electric and more. one unique set of wheels that catches the eye is this one, the dell fast top 3 point o e bike hansel. the manager at this e right bike store is full of praise for it. he tells us it's made by a team of ukrainians. they walked in and there,

there was the most rangy bye to have him though. is this one? hello. okay. that's cool. it took me outside and the show me where the head and i was a jesus 200 miles range and 50 miles per hour. and i says, road i had to, um, and i told my boss you, we have to get his biker. and so they did in 2021. the 1st ukrainian adventure bike made it sweet, the u. s. market. and this is del fast or part of it. the company found a new address in temple city in eli county, c. e. o. daniel and marketing executive. andre, run the company from this home, turned headquarters, their bike sell like hot cakes, but it hasn't been business as usual for dell fest with a team of 35 and some still in ukraine. this has taken a door on the c e o. one of our team members, your name is daria. she lives in her gifts teacher and her teacher is almost demolished by russian bombs when we care for our weekly, ju,

was every one. i can see a concrete walls around her because she's in the basement in the underground garage . ah, i can see a concrete to a staircase above your head, and i can hear a siren. the city is being bomb been currently working from bomb shelters and under extreme circumstances. redeem managed to engineer a new model of their top selling bike with an enhanced design. the feeling that we are together and that we are continue working on it. give sir, this unity feeling, daniel and the da fast team i determined to become a big, clear in the back business, and continue to help those back home in ukraine. and his reminder of the top story we are following for you at this hour. a man on the cross vast secured his 2nd term as french president, even as voters voice concerns over the state of the french economy, including the cost of living and to mr. farms handling of the corona mars.

it's a show for now. for more check out our website. that's d, w dot com slash business. and of course the dw news youtube channel. i'm chris kolber on berlin. thanks for watching. every self a successful ah ah. with

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ah ah, this is the w news live from the lead, more cash to help ukraine fight the russian invasion. help us officials make his secrets a visit to keith. they say you crime is committed to winning the war and pledge american help. also coming up the head of the un spell, it's a wistful, still thought aimed at securing peace that ukraine deleda is unhappy that until near the terrace is heading to moscow before he goes to keep.