help rebuild people's homes. who are neighborhoods like this one are often hit the hardest. and the risk of further flooding remains very high for the people here. and that's it from me at the dues team you're up to date. i have an update for you at the top of the i don't go way up next. we have dw business with daniel winter and a closer look at the rising inflation in germany. and there is a lot one use of course, on our website, t, w dot com and to join us on social media gab alpha's in berlin from the other team . i saw what she made about it. unfortunately and south

a method is going to spend the rest of her life behind bars for murdering her 3 daughter. with i see the site down was part of psychosis is an awful illness. post. fordham is a nasty image. mothers nightmare starts june 4th on d w. ah, ah, prices just keep on rising german inflation at its highest in decades. that's as the cost of energy shows, no sign of letting up. we'll get expert insight into what can be done to hold rocketing inflation and price was also hitting producers due to supply

bottlenecks. it's one topic under the spotlight of the world's biggest industry, trade, fat and hanover, will take you for a visit and not in our backyard. we visit the timing in town saying no to electric truck maker rift. if that time again, d. w business. welcome. oil prices are on the rise once more. brent crude reach over a $120.00 for the 2nd time this year. the price of energy is part of the reason everything costs so much right now. just take germany where the country is announced and inflation rate of close to 8 percent for may as compared to the same month last year. now that's the biggest jump in consumer prices. in nearly half a century, rapid rise could provoke the european central bank into raising interest rates, something that it's so far been reluctant to do this. get more in this now with monica schnitzer, who's a member of the german council of economic experts. thank you very much. for joining us, monica, and can the german government or even the e. c. b,

do any thing about this jump in inflation, or does it simply have to wait for opec to pump more oil or for the end of the war in ukraine? that is really a very different question to answer. let's put it like this, these the be definitely can do something about it and should do something about it . it's their job to get control and inflation. and for this, they win and they have already announced they will end the net to purchase program off on july. and they have also announced that interest rate hikes, wind and funnel i, which goes in to expect that they will do so in july. and this is really necessary because inflation expectations have to be nice and we're going to see more wage negotiations in the summer in the fall. and we really have to make sure that this wage prices byron will not get side of that. everybody so much rain off. ok,

but most of this inflation is tied up in energy prices. so isn't that easy basically targeting the wrong mechanism if it raises right? because after all, it can't do much about the the price of energy right now. yeah, absolutely. right. it's not the easy piece of control of the energy rises. this is something that will be affected by what is going on in your brain, whether that will be an and model of this will effect the energy prices. so this is not under the control of the c, b, but a do will affect the inflation expectations. what the easy, b 1000 in that sense, they have to do something about it. other than that, what the government needs to make sure that there will be energy supplies. if it's not coming from russia, then it has to come from somewhere else. and therefore everything that the

government does to standardize this. so live a finding latan and if spike putting pressure on turning to renewable energy say on this would have to step a nice the uncertainty. because what at the moment is really driving up prizes is the uncertainty. it's not that we have as dr. in energy deliveries at this moment, it's really this uncertainty that drives off prices. ok, i mean, it's been a long time since most rich nations have had to deal with rocketing inflation. can we look to the past and previous waves of inflation as a way to navigate this crisis? and if so, what lessons can we take from then to now? so really the last and we had inflation to that extent, that was in the seventy's when we had this, i price inflation because of this cats in iowa deliveries from the old banks countries. and what then happened was indeed that the den wouldn't us bank who was in charge for german,

another monetary policy that the bonus bank could try to control it by racing interest rates and actually not locked out pretty was so, or inflation standardized then after some time ok, but it seems at this time around we might have to learn some new lessons as well along the way, monica schmidt said, thank you very much for your analysis on madeleine as not just energy costs that are driving a prices in germany. a shortage of materials and the countries manufacturing sector is also pushing up inflation. new data out on monday shows some 77 percent of companies here complained of bottleneck. some problems getting raw materials in may . that's according to the etha institute. port closures in china due to strict locked downs of made the situation even was supply chain had eggs will be one of the key concerns at this years, hanover fair, which has returned after a pandemic hiatus. the world's biggest industrial conference comes at a time of great uncertainty from manufacturers across the globe. the

2022 hun over fear is running at around half its pre pandemic capacity with some $2500.00 exhibitors instead of $5000.00 industrial transformation is the theme the call to action. businesses cannot afford to ignore. given the pandemic and soaring energy prices amid the war in ukraine. and while companies with sustainable energy solutions may benefit from renewed focus on maternity of energy, they also have their own challenges about attacks. one of the biggest challenges is taking people with us along this transformation to move on to offer new ideas. for example, in public transportation, for us to really offer alternatives and not just talk about them. there's been more than just talk lately. decisions are being made faster than ever before. in may, brussels announced it would invest up to 300000000000 euros to help the

e. e. u become independent of russian fossil fuels. and in germany, the readiness of policy makers to help businesses respond swiftly to ongoing challenges has also increased in crisis situations. we usually see that our mutual interest and readiness to talk on think about solutions is bigger than in maybe more regular normal times. so right now doesn't barry brought an open readiness and both sides to talk today, policy makers are increasingly redrawing the framework for companies to do business . it's happening at a rapid pace. still, companies have their work cut out. well, i think export orientated companies have to rethink the strategy of some final solution, biding, changing nothing because they're not active in any countries that are high risk. other sir, start to invest also in production and research in certain regions to become

independent and to have a complete different value change. the value chains of the global economy are being we drone rapidly, amid significant macroeconomic and geopolitical challenges. d. w, such upon the chin belo, sent us that report from hanover, where he told us the pandemic still loomed large. they're far fewer companies from china this year, more than 1000 to my knees. exhibitors couldn't make it because of a closet pandemic on the countries. 0 climate strategy. the focus here is on the you are confirmed that i hear voice. what your confirms are trying to do now is we roll their value teams to make sure that they have partners and market that they can rely on markets and partners that are more predictable given the world. we live in with the war in ukraine. and of course, the coffee pandemic, japan dutch embellish reporting that from hanover now to the biggest investment

project of its kind in the history of the u. s. state of georgia. car maker river and says it'll create over 7000 new green jobs. but residents are not happy, they say the $5000000000.00 factory revene wants to build, will ruin their royal way of wife. database correspondence, stefan simons and water. iran went to rutledge, georgia to take a closer look. this is revisions version of the shiny new electric vehicle boiled the company's electric adventure vehicles ready to conquer the u. s. market river, headquartered in irvine, california says it's future is bright. one reason for that optimism is here. well, not here, but he, oh, well come to manage smoothly 50 miles east of atlanta. the tiny town in morgan

county, georgia is home to just about 900 residence. there is no traffic light in rutledge . the only intersection in town is safeguarded by this. the stop sign beryl ah, cruise alton howard, the mayor of rutledge is in a bit of a tight spot right now ravines plan to build a huge electrical vehicle. assembly plant nearby is not sitting well with everybody in town. alton, our things, he knows why most the people who moved i moved here. ah, they were like, oh my wife carol and i oh good gotta be empty nesters and we were tired of the of the hassles of, of the atlanta area or that. so we, you know, we came out here to, to relax many here, fear at the beginning of river in rutledge could mean the end of their cherished

lifestyle. the e b maker wants this area a whopping 2000 acres, or the equivalent of 1515 football fields for their massive new plant project terror as river calls, it could bring an estimated 7 and a half 1000 new jobs into the roof region oh, we me, jo, ellan arts and chess. more for lunch, the only open restaurant in town. joe allen and chess are part of a local group representing thousands of opponents to the proposed riven project every day is like a vacation here. the you talk about bringing 750210000 people a day. 24 hours a day into a town that doesn't even have a stoplight. also the concern about lithium batteries. and once this had been announced, it then was revealed that they planned to make lithium batteries and site in a production process. it's never been done before in the united states. ah,

there are many more concerns including ground water levels and water quality protection. for example, there are also many grievances about the decision process. there's anger about the elapsed leg of transparency and frustration with local and state officials involved in bringing river to the area. and that's it, your up to date with d w business if you want or you can check out our website, d, w dot com slash business will be back with more same time. same place with this is where the in booth shines the brightest home to we have people from around the world. none pass with trauma. history was written more than 100 years ago. dive into queer culture out and

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