me been taken to a hospital in a rush and controlled area by that's it for now with next up business with my colleague, rob watson, of course, you get all the latest news videos and analysis at d. w dot com on told me a lot ago for myself and the team likes watching with ah, what people have to say matters to us or me. that's why we listen to their stories. reporter, every weekend on d. w. a rare natural spectacle in an improved world. the most boobies in return to the coast of the remote riley of saint own.

mm hm. any success stories, ration of biodiversity and own stores may 20th on d, w. ah, preventing the next big ship shortage representatives of the u. s. and e u meeting empowers agree to cooperate to end their lives on the rest of the world. the semiconductors was coming up fast food. just mcdonalds is taking its restaurants out of russia, but asked why an icon of the country shift to capitalism. so leaving for good on the war and ukraine has made getting goods from europe to asia especially differ.

it's bus one vital route to seen as too important to block the state of the 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 e, u, u. s. 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 corresponded in paris on your found the car has been speaking to you, competition commission and migrate of a stair. she asked about the new plans to shore up semiconductor supplies. the work we do on semi conductors 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 politics of today. that like minded partners, that we were much closer together than what we have done before. i go to the stair is speaking to our correspondence, sonton. sonya found the car or 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 trans atlantic relationship. but you're right that this, the are the over arching focus, has really been a rushes and vision of ukraine. amber 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 are globes on companies that have been exporting goods to russia that can be

used for military purposes. so this is all been about kind of limiting rushes or access to advanced technologies for things like drones and semiconductors. we've also been hearing about her ways in which the eurozone you intend to co operate on certain things. i like semiconductors. why have we been hearing from the meeting? was the result of it all been well, what we've got to do 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 to ukraine to you at u. s. markets, by temporally suspending 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, and the current big area i would say 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 out of history from this meeting, but in the same time as the specter of china, china over the whole thing is america. so essentially it 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 might to, to counter china's emissions. 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 the, so that there's a real disconnect there. and i think one of the other problems of 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, 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, so you're falling 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 as shortly after moscow sent troops into 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 isn't showing at $62000.00 employees in russia. continue to be paid until the sale goes through and almost opened its 1st restaurant in moscow month 30 years ago, shortly before, before 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 mcdonald's, 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 said elton, that it 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 those long queues. people kimbrough is 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 the state report leave for just one rouble. 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 zalinski says his country is facing a monthly $5000000000.00 budget deficit due to war related costs. ukrainian president brought up the spend increase to squeeze during a video conference with the international monetary fund saying afterwards,

he's looking forward to working with the i, m f to maintain ukraine's financial stability. european commission has low expectations for the blocks economy, forecasting growth in the e u and euro zone 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 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 into so growth is still in operation the route between europe's biggest inland, port induced form and china as economic centers is part of china's belt and road initiative. the new silk road. it's 11000 kilometer rail road 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 is in law. russian railroads have been put under sanctions to the extent that no one in europe can buy a trade russian state owned rail bonds will, doubtless unplug, using russian rail or fulfilling existing transport. contracts is not prohibited or under sanctions or 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

it any time. here. everything has already changed. the ukrainian port of mar you pull 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 are both haulage ability. so take the,

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 selfless goodbye. aah! fearing the ocean, portugal is terrified at the high atlantic tides. the waters are flooding, stretches of its coast. villages are at risk of disappearing out of the residents. feel powerless on how to stop the sea coastal crisis in portugal, tucson next on d. w. a pulse with the

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