aggression ah, the russian forces a turn of a fire on the city of stab at all. don't ask as they step up, they'll offensive in east of ukraine. a local governor says that the russians are carrying out indiscriminate 24 hours shelling and trying to destroy everything, and they are watching dw news coming up next in business with chris co. bob, i'm wanting to johnson. i'll be back at the top of the hour with more headlights. yes. ah. one of mankind's oldest ambitious could be within reach or what is it really is possible to reverse

aging researchers and scientists all over the world. moreno race against time. the d. n. a molecule though has 28000000 different our glasses. they are peers and rivals with one daring gold to out smart nature. one of the most insightful discoveries in the history of mankind. more life starts may 28th on d, w. a . a new tried fact. what is it worth you as president buying launch is the indo pacific economic framework. but questions remain about what is meant to be count. we'll wait to china. us dominance also take you to one of germany's most vile,

diverse regions where people are quite concerned of the government's decision to allow offshore drilling and at the world economic forum and doubles the head of the international energy agency tells d w. what it'll take to keep the power running limited time chris kolber and berlin. welcome to the program. joe biden is on his 1st asia, tor as us presidents, having started his trip on friday in south korea and continue to japan earlier today. president by name's to boost america's economic presence in the region to counter china's rising influence in japan. biden has been presenting details of his indo pacific economic framework or i p. f. u. s. is closest allies, japan and south korea are among the founding members. now, the philippines, singapore, thailand, vietnam, australia, and new zealand are seen as potential members. the i p. f, however, is not

a free trade agreement. it does not aim to lift duties and trade barriers. as many people in the united states are concerned about outsourcing american jobs, the goal rather is to make supply chains more resilient, for instance, to secure the urgently needed resupply of chips. semiconductors that are important for the auto industry infrastructure is another key element. there is a mass of need for new roads, ports and renewable energy projects in the indo pacific region. the biden administration does not want to lose out to china, us belt and road initiative there. now, earlier i asked wency new senior researcher at the keel institute for the world economy to give us her take on the economic considerations of this trip. yeah, they are too many economy considerations behind this treat answer. they are strongly linked to each other. the 1st one is to improve the reliability resilience and security of the supply chain,

particularly in the interest of the united states and to reduce the threat of autocratic countries or to the supply stability of strategic good so such as semiconductors and batteries. so he, the u. s is intensifying, is corporation with partners in this region who share f values with america, and have advance technology in the area. so the u. s. tries to push more for them to invest in america, to have short and more reliable, and seyfarth supply chains. we can already see tools such examples during biden's of visits in south korea. so our, so one is some so with a $17000000000.00 investment in bidding and administer semiconductor plant in texas . and another one is for young die with more than $10000000000.00 in american manufacturing, particularly in electric vehicles or battery equipment and robotics. and i saw all the areas that are really desired by the u. s. and the 3rd 8 con reconsideration behind this trip is to launch and promote the inner pacific economy framework this

evening. or once in this, sir, in no pacific an army economic framework or the i p f deal is to make supply chains more resilient, isn't likely to do that. yeah, and actually it's highly uncertain as to is sir mpeg at the end. and this is also linked to the high uncertainty as to the membership because as far as i know, although they might be a tough countries in the pacific region, which will join the launch event this evening. in many countries in the region, you're quite skeptical. on the one hand, it's because they still have this kind of experience in mind and what happened it and in the pastor as to the t p. p. so idea or not so sure whether this time or walk back or with the i p f and on the other hes also because that they don't

really see or that the benefits are to these countries. because sir, this time the i p f will not be linked to a greater excess or to the u. s. market and tariff cars will not be included either . so they were asked himself, ah, quite roundly what they can really, again, if they're joined the i p f. but i talked to counter this problem, the us or government already interviewed that there might be some flexibility as do own the countries can choose and say are only modules they are interested in saw and is my keep the costs of i p f membership lower than the case, the when the countries are required to assess all the modules and thus making i, if he ever member she probably acceptable for more countries. bustios are we don't know at the end to which countries with joy, we don't know in which death and to which extent and, and if there will be at the end only a limited number of countries will joy the impact or be probably low once earlier

or the hill institute for the wall agari. thank you for your thoughts. thank you. and now to some of the other global business stories making news, indonesia, the world's leading palm. oil exporting country has lifted an export ban on the little while to carter says diverse the band due to the current supply and price of cooking oil. and because of the palm, all industries, 70000000 workers, the government hasn't ruled out future export controls. parents across the united states are facing empty shells of baby formula after the country closed its largest plant with concerns of contamination to how the shortage over $31000.00 kilos. a formula have arrived in the us from germany. the shipment covers around 50 percent of the median german shazlaw shots is looking to senegal to help europe in countries when their dependents off russian fuel the country is believed to have significant deposits of natural gas during

a joint news conference with president mackey sounds to shows expressed interest in a gas exploitation project that could bring the 1st barrels by next year. the german chancellor is heading to new year and south africa next life to phase it's germany is in desperate search of natural gas. now it's ready to break certain taboos to find it, including drilling off its own coast, including inside the water and see which is known for its rich biodiversity. that's creating mixed emotions among people living there. dw steven beardsley, reports from the island of borkam in the north sea. for more than 3 decades, i'll bet, as ackerman has guided school classes and tourists into the title flats here. it's a landscape that stretches across europe's north sea coast and is protected by national parks in denmark and germany. it's incredibly rich in flora and fauna.

he's unavailable, him. now ackerman is worried about drilling plans, hazardous, and so so, so these are risks that personally make me very, very fearful. these are real fears this that they'll be long lasting damage done to our island foundation, the angst at another time when sea levels are rising up in a now we're digging something out, but he let us just not sustainable. he grabbed a hint, was up to see a new truck ball. borkam thrives from tourism, which comes because of its nature and not just the title flats but clean expansive beaches. an island population of 5000 can swell to as many as 35000 people during high season. the regional government in hanover had outright rejected drilling. now it supports the project saying that the war has made it necessary. the gas drilling firm one diaz projects, there are 60000000000 cubic meters of natural gas in the reserve which straddles the dutch porter. the platform will stand 20 kilometers off borkam and it will

avoid nearby national park territory. here in borkam residents often mentioned the nearby city of groaning in, in the netherlands. that's where extensive gas drilling has led to hundreds of small earthquakes over the years, destabilizing homes and angering the population. those earthquakes were unforeseen . the c e o of the drilling firm says his company has already conducted environmental assessments. and that the comparison with groningen where gas reserves are located directly under the region is unfair. subsidence has been, of course, investigated, and there will be no subsidence underneath the islands or the structures on amici island because the reservoir doesn't get close to the island the rest far from where we produce at the gash. residents and borkam also use gas and say they understand that it needs to be affordable. just not why drilling has to happen off their coast. i'm kept on knocking on the mainland. they may say, well, sure,

let them drill for gas up the coast of, malcolm wants it to me, but not when you live here in the sure 20 kilometers may not seem like a big deal. but you can understand the islanders to look at this critically and have real misgivings. that dog golf course of the banking. hm. but this time they fear dog. world events are moving faster than they can react to them. the, it's as a beacon of it energy securities all say hot topic and novels were global leaders and the business lead are convening for the world economic forum. this is the 1st time the meeting is being held in person in 2 years. the high power participants are expected to discuss a number of global crises, including the pandemic climate change and the war and ukraine, of course, topping the agenda as the wars drastic effect on energy prices, food supply, and food security and supply chains. at the world economic forum and doubles t w's christy plants and spoke to the head of the international energy agency. fatty bureau, climate change is obviously

a major topic here at davos this week. but also we're seeing very high prices for energy. in the short and medium term, what is the solution here? is it new drilling or is it renewables? i think even in immediate crisis to address because the loss of russian oil and gas is a major problem for the several countries including european countries. v here to bring some oil and gas to the markets. but i prefer the discomforts of, from the sources that we all the to have from the existing fields from shane oil, shade augusta, and come to market quickly and go quickly. the biggest risk here is that a v make lots kane new philosophy investments which can look in the a global energy infrastructure and which at the end of the day a will diminish our hopes to reach our climate course on our all obviously hoping

for a swift and peaceful end to the war in ukraine when the war is over. how should the west re engage with russian fossil fuels? are kink, a in russia is going to be relegated to it as significant a producer from being one of the largest producer. so of the wrote, because russia lost all it is, credibility is a reliable energy partner in europe in north america, but also in asia as for so the life will not be easy for russia is an energy exporter, anti in my view or divert it should turn it is beck, it to russian, odin guess. unless russia a votes to use energy is a political weapon. dr. fatty, we're all. thank you so much. and you government needs to take urgent action to

tackle rising inequality. and the code 900 crisis says anti poverty charity, oxfam flooring energy prices and food inflation are putting pressure on millions of people across the world. while the number of billionaires has risen by more than 500 to just under 2700, according to the n g o, it says government should introduce higher taxes for the wealthy and corporation, despite what he calls the global cost of living. that's our show for more check out our website at g w dot com slash business was full. berlin. have yourself a successful day showing off on the coat death. glamour is celebrity at the 75th cans film festival. but what is it like on the other side of the red carpet to celebrity?

so for tony elk woody, when photographer danielle on july, reveal the answer to that question of close and personal with the stars you ro bags next on t w ah, mega. oh, would people have to say matters to us? i am. that's why we listened to their stories reporter every weekend upon d w ah, ah mm. this man can what one does in the kitchen.