oh, you're watching t w's. rob waltz hasn't dw business in just a moment, and don't forget, you can get all the news around the clock on d w dot com and the d. w. that's it for me. i'm will alex like up in berlin. thanks for watching. take hello guys. this is the 77 percent the platform with issues. hey sure i did. you know all these channels we are not afraid to talk to young people clearly have the solution. good future with the 77 percent.

every weekend on d w ah, a, what people have to say matters to us. for me. that's why we listen to their stories. reporter every weekend on d. w. ah . on the brink of economic disaster for lanka is desperately seeking an international cash injection. as his new prime minister wants it down to its last day of petrol. and the u. s. and bottles run dry is a nationwide shortage of baby formula fights. will the rest of the world come to the rescue and hear how germany is shift away from russian?

coal is having an in fact, 10000 kilometers away. the state of a business owner of us in berlin. welcome to the program. and we begin and sri lanka and with a bleak message from the countries new prime minister, renelle wicker, him sing, gay says the countries desperately in need of $75000000.00 within the next few days . just to afford essential imports like medicine and fuel is one. the country only has enough petrol to last a single day. so lanka has reached a low point in its worst economic crisis. 7 decades shrill anchors economic woes, a hitting every one hard most noticeably in food and fuel, petrol shortages mean, rick shaw, drivers face long queues to fill up. their struggling to make ends meet. we are guarded mirror. i don't have much fuel in my rick shaw. i've already been to 3 petrol stations, but there was no fuel in any of them,

even though they have some here at this station. the key was too long. the resignation of prime minister roger paxil last week was not enough to quell the protests. his brother remains president despite being mired and corruption allegations appointed last week. the new p. m is now attempting to calm a furious nation, announcing measures to stop a total economic collapse. but those came with a dire warning. yes, they were what we did him. i said the, the next couple of months would be the most difficult ones of our lives. we must prepare ourselves to make some sacrifices and faced the challenges of this period kappa. we may, more than a year. you b, many sri lankan are already making difficult sacrifices. how will we manage without fueling all the vehicles here? we don't have any work now, this is our only job these days. there's nothing else to do. reforms or on the way, but it could take more than an improvement in food and fuel supplies. i could

even take the departure of the president to satisfy for lincoln's calling for change. oh belong that we've been speaking to pat yourself a sorrow vanna moo. 2 from the center for policy alternatives in colombo. he put the blame squarely on the current government. well, i think it's because of the incompetence in capacity. got them on the part of the raj box of regina. they used up all our foreign exchange reserves in terms of paying creditors and international bomb holders. and as a consequence, we didn't do any foreign exchange to get the bare essentials in terms of food food . moving on now, joe biden has announced new measures to reduce shortages of baby formula in the united states. u. s. president says his administration is in talks with major manufacturers, including nestle and abbot to identify bottlenecks in the supply chain. leslie's even announced it's using air freight to get shipments in quickly from europe. i'd like to say the u. s. still has 80 percent of its usual stalks of formula,

but panic buying has led to the images of empty shelves spreading on social media. let's get more on this from a financial correspondent in new york. teddy austro teddy. how's the u. s. ended up in this is the situation and why is this a specific to baby formula? rob, we're looking at a serious crisis for american families across the country. and families are panic to know that they're not able to feed their children. you can't just replace baby formula with cow's milk as for the reasons. well, number one is the supply chain. we're seeing disruptions in the supply chain, like in other industries across america and around the world. number 2 is we saw a very significant shut down of a production facility from abbot laboratories which came from investigations into whether or not bacteria from the facility had caused for babies to be very ill

. 2 of them had actually died. so that was a major hit to production. and lastly, connecting these 2 is what some people are calling big bottle market concentration for companies control 89 percent of the market, abit controls, 40 percent of the market. so if any one of these companies take a hit on, we're gonna see shortages, we're not going to see baby formula on the market. and that is what we're seeing with this crisis that is hitting our american families across the country. and the white house is clean, taking this very seriously, we've heard from them multiple times every past few weeks on this very issue was being done to the result of a shortage. well, the biden administration is taking 2 approaches. first, the 1st is to restart the production at this facility that we were talking about. they just broke her to deal between that p a and abbot. and we actually saw bumping out at stock here at the stock exchange because of it. the 2nd action is that the f

d a is loosening. some of its regulations say allow for baby formula imports from overseas. so hopefully the next several weeks will be able to see baby formula back on the shelves and relieve this crisis. but we have to remember that the biden administration had made campaign promises to fight some of this market concentration we, we've been talking about. so there are reforms that play such that da, to allow competitors to come into different markets and to stop the protections for some of the incumbents. we could talk about logistical issues that come with market concentration. but yeah, that is the big policy issue. and we have yet to see what the, by the ministration is going to do about that. okay, to the australia, the new york stock exchange for us. thank you. let's take a look at so the other global business stories making the news wal mart has reported a drop in profits of 25 percent in the last quarter. world's biggest supermarket

change as the rising cost of fuel and labor in the u. s. significantly added to its costs, it shares well, nearly 11 percent on the news about administration says it will relax some rules around remittances and flights to cuba. the u. s. or move a $1000.00 per quarter cap on money sent by cubans to america in america, back to their families, and also permit airlines to land in more cuban destinations. a potential boon for the islands economy. shares in india's life insurance corporation dropped more than 8 percent on the 1st day of trading. india's biggest ever is part of an effort by prime minister or in ramadi to sell off state assets in order to monetize nationalized companies and plug a fiscal deficit have more than $200000000000.00 in spain. is that to become the 1st country in europe to allow workers to take unlimited menstrual leave if it's prescribed by doctor. while most women experience some level of discomfort during

that period, a small percentage suffer from severe pain with symptoms such as diarrhea and nausea and vomiting. now, germany will end it's in ports of russian coal, this. so my, if everything runs according to plan replacing, it has meant looking elsewhere, of course, including as far away as columbia. but as our next report shows, coal mining, there can have a major impact on people's living. louise's can breathe more easily. the 8 year old has more strength and well to learn. his mother says the only option they had left to improve his health was to leave their home village of province. young emma, they look at me as well as the others. it all began when he was 8 months old lab. at 1st he had a high fever and couldn't briefly added. those were his 1st symptoms that seemed to mike and lydia loose. audrianna said that the coal dust emitted by the sarah horn mine made melissa sick. the giant opened cast mine and set a horn has been encroaching unproven cl,

a settlement of columbia's indigenous while you people said a home is growing in part due to the millions of tons of coal and to germany. companies like winnipeg and art of u. e. use colombian, coal to fire, their power stations, lose sued the mine a few years ago, winning a partial victory courts for cetera home to take more precautions, but local say to little was done, homeless kid, amos, cadillac. now they ask around in the village how they should do their blasting as in what tony. if that's a disrespectful, it's as if they're asking, how should we kill you will get a a sack and we'll get a get. they might be for local villages. sarah horn is controversial, some hope for jobs and columbia, sick and poorest region. others fight against them. i run by swiss corp. glenn cor, including me science. so got us. his daughter's skin is inflamed. he blames air pollution from say, to hone in when the activist, where's a bullet proof vest,

strangers of attacked him several times. me sail documents held the natural surroundings have changed. the river is polluted and he wants europe to know it. i ya sail on other. yes, we're lucky. cool that useful over there. but here the damage is great and irreversible mealies. there are thousands of families who are being harmed by coal extraction gathered one birthday will. emma, direct us, your live, go. the fight is taking place, and course, such as over the bruno river, which said a home has diverted by nearly 4 kilometers. the way you say the mine is cutting off their water supply. but said a hone argues the diversion is exemplary. we asked the company about the accusations, all of which it rejects, saying they respect human rights abide by the laws and the thresholds and reduce dust. german coal buyers also support sarah horn. human rights activists demand that they should finally apply more pressure vignettes,

if coal imports from germany now increase than we fear that indigenous people in columbia will pay for prudence. war and ukraine will units on van loose. arianna shows us where her house used to be in proven seattle. the explosions caused cracks to form until the house collapsed. another reason why she continues to get involved said a home may have taken away her home, but not her fighting spirit. just lastly, before you leave you christie's is set to auction of 5 pairs of sneakers worn by michael jordan. along with a card of the baseball at the basketball legend, it expects the items to fetch at least $4000000.00. however, look, the number of 6 items is no coincidence. it's a reference to the 6 n b a championships. jordan, that the chicago bulls to in the 1990s, all the sneakers were warned by jordan during those games. but it's actually the rare card you can see here that's expected to fetch the highest amount. and the $23.00 copies were released and the one that's going under the hammer,

as the basketball stars, signature upon the sale takes place in june. so you got a bit of time to save up, nuts it from us for this time round until next time. you can always buy more from us at our website, d, w dot com slash business. we're also on the data. when is youtube child? of course new finders on facebook as the w dot business. so next time you take nist fashion as an environmental mm. a clothing, graveyard, chalet and desert. this is where things wealthy industrial nations no longer need style, waste, get stranded, full amount, the fun in the global fashion industry. global

3000 on dw caught red handed, massive ships, don't poisonous waste water into the world ocean accused. and n g o is investigating 1500 cases in b, u waters alone. but were there consequences, deceitful cover of tactics ensure huge profits for those responsible made in germany. in 60 minutes, d, w. ah. please listen carefully. don't know how with, to the goal. ah,

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