next 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 their makers keep their business spirit intact amid the war and ukraine. i'm 1st cobra and berlin, 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 penn 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 in 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 was faltering due to the students with the bad economy. so it's the problem at the same time stabilizing demand in a situation with high inflation makes inflation 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,

a stablish zation 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. clemens, host 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 block stop top, implement yours up route you spoke to german daily,

developed many with the 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 the cars. the pin central bank has also been warning of a european boycott of russian all and gas. here is the to be president christine the are if we were to take abrupt measures that would induce an increase of the price of oil or gas around the world from which the russians would eventually benefit, then that would not be the right policy move. 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 in ukraine started. that's according to the stock home

international piece, research institute. total global mil, very expenditures for the 1st time exceeded 2 trillion dollars last year and increase of point 7 percent from the year before the biggest spenders were of 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 rushes, 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, or 20212021. we reach over to point one trillion dollars. whether or not that car is a matter perspective we're, we're definitely observing in 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 a, 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 now i'm 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 the 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 that they can take out loans. they can, they can make cuts elsewhere. but in principle, you know, we talk about a trade off between military and other funding. alexandra, do hire military expenditures immediately lean more guns and rockets. i mean, where exactly is the money going? so military is 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 announced 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. w's warrant. imran reports across the street from one of southern california 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. this one, the dell fast top 3.0, e bike, cancel the manager at this e ride bike store is full of praise for it. he does this, it's made by a team of ukrainians. they walked in and there was the most range you bike. you

have, oh is this one? hello. okay. that's cool. it took me outside and they show me what they had. and i was a jesus 200 miles range, 50 miles per hour. and i test road it had to. and i told my boss that we have to get to the bike here. and so they did in 2021. the 1st ukrainian adventure bike made it sweet, the u. s. market. and this is dell, fast or part of it. the company found a new address in temple city in lee county, c. e o. daniel and marketing executive andries on the company from this home turned headquarters their bike so like hot cakes. but it hasn't been business as usual for del fest with a deem of 35 and some still in ukraine. this has taken a door on the c e. o. one of our team members are name is daria. she lives in hard to teach it and how it gets almost demolished by rush and bombs. when we have for our weekly zoom was everyone i can see

a concrete walls around here because she's in the basement in the underground garage. i can see a concrete staircase above your head and i can hear a siren. the cd is being bomb been currently working from bomb shelters and under extreme circumstances, redeemed managed to engineer a new model of the top selling bike with an enhanced design. the feeling that we are together and that we are continue working. it gives this unity feeling. daniel and the dos team i determined to become a big player in the bike 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 fast 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 mister promised handling of the koran. ours,

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 with with

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with a with this is b, w. news live from a berlin. no less helped in the fighting in ukraine. and the national rail service says russian missiles hit several stations in a coordinated attack just hours early a top usaa shells travels by train 2 keys to announce extra funding from washington to buy weapons. also coming up turkey jails, the human rights campaign of for life. postman corolla is found guilty of trying to overthrow the government. he says the charges of fabricated.