of stock steel plant scenario, paula, arriving in the town of nevada. no boss insults bought a town controlled by russia back separatist control. this comes after russia agree to deal to evacuate wounded fighters who've been holding up inside the plan since well, well news of the top of the hour, what size your business, updating? just a thought say what grade level i'm the green that you feel worried about the planning me too. i'm neil. host of the on the grievance of cost,

and to me it's clear we need to change the solutions or out and join me for deep dive into the green transformation for me to do for the b o, o preventing the next big chip shortage. representatives of the u. s. and e. u meeting in paris agreed to cooperate to end their lives on the rest of the world. a semiconductor was that coming up? fast food john mcdonald, is taking its restaurants out of russia, but asked why an icon in the country shift to capitalism. and it's leaving for good on the war and ukraine has made getting goods from europe to asia, especially long vital route is seen as too important to block

need to be business on robots in berlin. welcome to the program. brussels and washington are to set up an early warning system to detect shortages of semiconductor chips. the decision has been taken, not the 2nd us trade and technology council summit taking place near paris. the 2 sides say though each aim to boost domestic production and provide the maximum possible subsidies to the industry. officials are also planning joint measures against cyber attacks, especially from russia and china. and i correspondent, in paris on your found the car has been speaking to a competition commission and migrate of a stair. she asked about the new plans to sure up semiconductor supplies as the work we do on their semiconductors. to fully understand why did we have the shortage to work together for the future to make sure that we remain strong.

because i think that's a main task in the do politics of to day. that like minded partners, that we work much closer together than what we have done before. i go to the stair was speaking to our correspondent sonton sonia found the car. let's get more from sonya. i asked her why the meeting in paris had particular importance this year. the u. s. u. treat and technology council was, was initially set up last year as a, as a mechanism to, to smooth treat tensions in the transatlantic relationship. but you're right that this, the are the overarching focus has really been a rushes and vision of ukraine and disruptions to global trade and supply chains that, that has caused. and one of the reasons for, for this focus on russia is that the trade and technology council has been actually the one that has been driving coordination between the when the u. s. when it comes to sanctions against russia, as when the so called, you know, do, will use export controls. now, these globes on companies that have been exporting goods to russia that could be

used for military purposes. so this is all been about kind of limiting rushes access to advanced technologies for things like drones and semiconductors. we've also been hearing about ways in which the eurozone you intend to cooperate on certain things like semiconductors. what have we been hearing from the meeting? was the result of it all been well, what we've heard today from delegates on both sides is really a lot of contemplation of the ongoing russian aggression in ukraine. also a lot of solidarity for ukraine and, you know, efforts to rebuild its economy. one thing that has been discussed today is facilitating easy access, the ukraine to you at u. s. markets, by temporally suspending a customs duties on imports from ukraine. another big focus has been, you know, trying to figure out how to combat information manipulation and misinformation, propaganda from russia, as well as disinformation campaigns from russia,

incurred countries relating to its invasion of ukraine. and the current big area i would see is really about semiconductors. what you mentioned really trying to figure out how to diversify and secure supply chains, but also try and pinpoint and predict, you know, further shortages and disruptions in the future rusher. obviously really coming across as though the major adversary from this meeting. but in the same time as the specter of child china over the whole thing is in magic. so essentially there isn't that what this e u u. s. counselors is all about competing with will you right, rob? i think china is really the elephant in the room. you know, the biden administration tends to see the trade in technology council as a platform to, to kind of combine you and us economic and military my to, to counter china's a missions. many of the initiatives of wisconsin were initially directed to china,

but if you look at the joint statement that was released today in paris, there's hardly any mention of china so, so that there is a real disconnect there. and i think one of the other problems is that you has a completely different approach. officials in the you are always keen to stress that this council is all about working together and is not directed at any one country. but i think the fact remains that many of the things discussed today, you know, whether it's supply chain, semiconductors, even europe's green transition. china does tend to play outside role in these areas . you know, just to give you one example. china is a dominant player in key parts of the value chain. when it comes to renew boots, you know whether that's solar, whether that's wind or even electric batteries. ok. song, a felon car in paris for us. thanks for keeping an eye on that summit for us. moving on mcdonalds says it's pulling out of russia for good. the u. s. fast food chain had said it was temporarily closing 850 out at shortly after moscow sent

troops in to ukraine. the now says it's looking for a local buyer for all of its russian sites, which will no longer be able to use mcdonald's name or menu chain says it's priority is ensuring it's $63000.00 employees in russia. continue to be paid until a sale goes through mcdonalds, opened its 1st restaurant most came on 30 years ago, shortly before all of the soviet let's get more on this from a financial correspondent in new york. teddy australia. teddy, lovely to have you with us. can you just explain to was exactly what's behind this decision from mcdonalds, how they explained it? well, it's just an important to mention again just how major a shift this is for russia and for mcdonalds. as for the reasons we can talk about the politics of it, there are major political pressures on the company to not do business in a country that's invading ukraine. we can talk about the sanctions and the

difficulty of legal compliance. but i think this is a finance story, really mcdonalds is making a bet that there is no good business to be done in the country, at least for the foreseeable future. and there are going to be major implications beyond the corporate sphere because of it. so somebody comes down to business, if mcdonalds is taking this business decision, now we got to be seeing other american firms taking a similar one. well, let's remember. mcdonald's was kind of a pioneer into russia 30 years ago when they opened up shop. 30000 people came on opening day. this was a moment of promise for russian people of integration into american and western consumer society. and now it seems like we're seeing a reversal of that and mcdonalds is just one player. we see. we've seen starbucks, we've seen pepsico, we've seen coca cola all make la limits to their involvement in russia. so i think

this move by mcdonalds really is just a part of a trend of american firms leaving the country as sydney, symbolic, isn't it? i mean, a lot of people will remember those pictures from 1990 of these long queues. people came for hours to get their 1st big mack in moscow. teddy aust show in new york for us. thank you very much. now to some of the other global business stories making news around the world. when i says it's selling it's majority stake in russian car company after vows to this state proposed leaf it just warm ruble that there is a 6 year buyback option is the 1st major nationalization of a foreign business in russia since the war in ukraine began. laudermill polanski says his country is facing a monthly $5000000000.00 budget deficit due to war related costs. ukrainian president brought up the spend increased your squeezed during a video conference with the international monetary fund saying afterwards,

you're looking forward to working with the i. m f to maintain ukraine's financial stability. european commission has lowered expectations for the blocks economy, forecasting growth in the e u, and your as own of 2.7 percent this year. as down from the previously expected 4 percent. inflation is expected to hit above 6 percent this year, driven largely by energy cost before falling next year to below 3 percent. nourishes war in ukraine has thrown a massive spanner in the works for the movement of goods around the world from bombarded ports to closed air space. the hurdles facing logistics companies are significant, but one route it seems, is too big to fail. the rail route, connecting europe and china. now at the moment cargo ships are having to make long detour as russian ports are being shunned as our russian airports. western cargo

planes are having to cover much longer stretches to avoid rush in air space. here things can still be transported directly. we like to soak road is still in operation. the route between europe's biggest inland port induce book and china's economic centers is part of china as belt and road initiative. the new silk road. it's 11000 kilometer rail root carries some 200000 containers annually and partially crosses through russian territory for china and the e. u. it's an important project and for that reason has been largely spared from sanctions. you also shall bomb enjoy watching railroads have been put under sanctions to the extent that no one in europe can buy a trade. russian state owned rail bonds or the absolute using russian rail or fulfilling existing transport contracts is not prohibited or under sanctions of been. the commission has made it clear that there were land root between china in europe is also in european interests. of course that could change at any time. here,

everything has already changed the ukrainian port of mar, you, paul, has been completely destroyed before the war. it was an important export hub. ukraine originally had 3 big ports. the crimean city of sylvester boy was annexed in 2014 by russia. mar, you poor has been devastated in the latest invasion, and odessa is under russian bombardment. the ports are vital for transporting grain. before the invasion. ukraine supplied food for 400000000 people. 10 times the number of its own population production has dropped because of the war. and export in grain has become more difficult. what was once transported by ship now has to be moved by rail. the problem there obviously is finding enough box cars or great knowledge. i both haulage ability to take the

volumes that used to go out. i share the cost on at least double weather in the cargo shipping air or train sectors. the war is presenting logistics companies with challenges. ultimately, it's consumers worldwide, who will pay. that's off of us, give us the movie is tied up in traffic jams. it's an ongoing problem. kenyan capital, a small start up with big ideas, wants to improve the situation. electric muscles to reduce modeling their quiet and affordable. they can already be found on the streets of 9 o b. but does the project have a future? oh, read a d, w. hello, there. i am,

the moon. you all know me, at least by site. like feel if you know my secret, which you like to discuss it, what i can offer and why everyone suddenly wants to visit me and come and take a class tomorrow. today in 60 minutes, d w. a with not has no limits. love is for everybody. i love is life. i love matters and that's my new podcast. i'm abilene shy, mom and i really think we need to talk about all the topics that more divides and

denied this. i have invited many deer and well known guests. and i would like to invite you to an end stay up to date. don't miss our highlights. the d w program online. d, w dot com highlights ah, gets me every single tie we are living during the most extraordinary time in history of transport. we'll go for the electric field.