ah, that's it from the rub, boss has dw business in just a moment. of course you can get news around the clock on our website, d, w dot com time will also thanks for watching nico movies in germany to learn german. hello, benito. why not learn with him online, on your mobile and free chef? t w's e learning course. nikos big ah, ah

ah, ah, 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. 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 impact. 10000 kilometers away. this is data we business,

some 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 wickham, 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 god and 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 to long the resignation of prime minister roger pack. so last week was not enough to quell the

protests. his brother remains president, despite being mired in 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. if they were, what we did in math at the the next couple of months would be the most difficult ones in our lives. we must prepare ourselves to make some sacrifices and faced the challenges of this period kappa. we may morning. dear 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 are 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, well on that we've been speaking to pat your se, our of on

a new to 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 blocks of virginia. they used up all our foreign exchange reserves in terms of paying credits as an international bond 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. he was president says his administration is in talks with major manufacturers, including nestle and albert to identify bottlenecks in the supply chain. nestle even announced it's using air freight to get shipments in quickly from europe. regulators say the u. s. still has 80 percent of its use or stocks, a formula, but panic buying has led to images of empty shelves spreading on social media.

let's get more on this from our financial correspondence in new york. teddy austro teddy. how's the u. s. ended up in this situation and why is this a specific to baby formula? rob, we're looking at a serious crisis for american families across the country. families are panicked and 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. abbott controls 40 percent of the market. so if any one of these companies take a hit, we're going to 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 american families across the country. and the white house is clear taking this very seriously refers them multiple times over the past few weeks on this very issue. what's 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 broker to deal between the f t a and abbot, and we actually saw bumping out of stock here at the stock exchange because of it. the 2nd action is that the f d a is loosening, some of its regulation,

sell alpha 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 can 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 administration is going to do about that. okay, teddy oster the new york stock exchange for us. thank you. now let's take a look at some of the other global business stories making the news. wal mart has reported a drop in profit of 25 percent in the last quarter. the world's biggest supermarket chains as the rising cost of fuel and labor in the u. s. significantly added to it

. costs and shares fell nearly 11 percent on the news. but in ministration 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 in the is biggest ever. is part of an effort by prime minister in ramadi to sell off state assets in order to monetize nationalized companies and plug a fiscal deficit have more than $200000000000.00. and spain is that to become the 1st country in europe to allow workers to take unlimited menstrual leave, it fits 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 in ports of russian coal. this summer everything runs according to plan replacing. it has met 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 ramonica miss one of the others. it all began when he was 8 months old left. at 1st he had a high fever and couldn't briefly alaric those were his 1st symptoms that seemed to mock eladio loose. oh, diana said that the coal dust emitted by the sarah horn mine made melissa sick. the giant opened cast mine and said a home 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 winnie power 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 for my kid, amos k. i like now they ask around in the village how they should do their blasting as an and then what time? if that's a disrespectful, it's as if they're asking, how should we kill you all 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 said a home is 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. ah, yes, i wanna get 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. won't be able to name off the lecture, little the fight is taking place in court, such as over the bruno river, which said hone, has diverted by nearly 4 kilometers the while you say the mine is cutting off their water supply. but sit at home, 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, and 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 unit song vegan loose

audrianna shows us where her house used to be and proven. see out 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 off 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 4 $1000000.00. 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 $990.00 s all the sneakers were warned by jordan during those games. but it's actually the red 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, either we dot com slash business. we're also on the data. we use youtube child. of course, you find that on facebook as d w dot business, so next time you take it, it's incredibly simple when you know how it works. so let's go from a book. you saw a basically make these trees and respect them for to go home. i told them gander through frontier can provide fresh vegetables call people sure that there are other ways of going forward in the albany area. eco africa on dw,

and started out with speaking to dish and transformed into an orgy of hate and violence. the history of the ku klux klan, the oldest terrorist organization in the united states. its members white, 4 races state, ruled by white supremacy founded over 150 years ago, repeatedly died out, but always been resurrected. in 45 minutes on d, w. oh. hello guys, this is the 77 percent. the platform for africa you to defeat is use and share ideas. ah, you know, or this channel, we are not afraid to happen delicate topic because population is growing

and young people clearly have the solution. the future belongs to the 77 percent every weekend on d. w. ah hello and a warm welcome from lagos. it's nice to have you with us for this new edition of a co africa, the environmental magazine brought to you by d. w. in germany. uganda is mtv and channels tv. right? yay nigeria. i am chris alonzo with me.