keep silent. finally one for the harry potter fans. how much would you pay for a signed copy of the 1st book in the series london auction house christie's is hoping this 1st edition of harry potter and the philosopher's stone will fetch at least 200000 pounds, or about 230000 euros. when it goes under the hammer, the hardback is one of just $500.00 printed in the 1st $1097.00 run. well that's it for now coming up after the break business news, i'm told me a lot of both. thanks for watching every day for us and for our planet. global ideas is on its way to bring you more conservation. how do

we make cities greener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smarten solutions, overseeing the said in our ways, earth is truly unique. and we know that, that uniqueness is what allows us to live and survive google ideas, the environmental series in global 3000 on d, w, and online ah, the white house gets ready to battle, rising prices with inflation and rates not seen in decades. the present, joe biden says, tackling it is his top priority, and after the great resignation, the great job here,

how americans who quit during the pandemic are looking for new livelihoods. i'm q data. welcome to d, w. business us prison joe biden says fighting inflation is his top priority has been meeting with federal reserve to jerome powell and treasury secretary john of yellen at the white house to discuss how to tackle inflation, which is at the 40 year high of over 8 percent. biden, the short powell that he would have freedom from political interference. the fed is expected to raise interest rates to ease price pression proposition. for more, let's bring indians quarter in new york. yes, inflation is a big issue in the u. s. what has president biden been saying now? well, and actually already on monday, there was an up at the wall street journal from the president, and he outlined a couple of ideas, some how to bring inflation down at. first of all, he mentioned that it's the primary task of the federal reserve,

actually to help with inflation. but clearly he can put too much pressure on the independent board. then he had some other ideas or he mentioned, for example, when it comes to gasoline prices. so all prices in the united states that he already opened up the strategic reserve. so well actually that hasn't really done the trick. i mean, prices haven't east at all in the past couple of weeks and, and altogether he said he had some more ideas, but it's up to congress to actually approve those 2. so to drive down inflation so far that has not really work that well. so now the chair of the federal reserve durham, powell, had visited biden at the white house. why was that so remarkable? and what came out about well, i mean, it is remarkable because the federal reserve is independent from the us government . and it was not just the meeting, as you mentioned earlier,

between biden and power, but also the head of the treasury genet yellen was present and see on the other side was also the previous answer to jerome. paul, well biden made it clear that the value of the independence of the federal reserve and that role paul and his colleagues can do whatever they feel rights to bring down inflation. so meaning to a certain degree, if the federal reserve wants to increase the interest rates much further in the near future to bring down inflation that it's find with the us president. even if that could mean higher interest rates, that the economy could cool down quite a bit. and also, by the way, could put pressure on and stock prices. but overall, it was very important to the president to make sure that the independent of the federal reserve is granted in caught the thanks.

meanwhile, in europe, inflation has hit a record high of 8 point one percent in the countries that use the euro currency. but prices are also increasing rapidly in countries outside the euro zone, like hungary, with a worn ukraine right on the doorstep. hungarians are feeling the knock on effect more than most dw funny fashion reports. new labels, again, prices up sharply increase. for coffee, it has nearly doubled since last year. whenever they carry them out to get this. i have just change the price stacks and when i still buy home much, they have increased. i was don't make them, i would have them. the inflation rate for april stands at 9.5 percent in hungary, one of the highest in eastern europe. in an attempt to turn the tide, the state fixed a prize for a few products. for instance, for sugar. also this pack of flour and this bottle of sunflower oil costs just as

much as last year. now this is due to government price caps, which are in place until july 1st, but keeping some prices artificially down didn't change the overall inflation. for so many other products. consumer stella's, they are paying about 40 percent more for their entire shopping basket. this is $500.00 for in this is exorbitant the price of florida oil. it means nothing. and that's not what we live. probably prime minister or bon says prices have gone up due to the war in ukraine and sanctions imposed by the european union, which hungary is a member off. and his price caps allegedly support the families. the manager of this rural gasoline station disagrees. he must sell the fuel for 484 in the later. that's about one your and $0.25. one of the lowest prices in europe and another price cap. he can barely remain open,

cover rising energy costs or pay salaries. he says, we have a family tube they need to be supported to if i can not bring money home with my families not being supported along with other privately own gasoline stations, he sues the government over alleged violation of their property rights. he sass was, i find it outrageous that i must operate this with loss and cannot closer on that as you are today. ag says price caps won't help decrease inflation without austerity measures. hungary, economic reality will become non manageable. the economy choreography that we have a trends officer. we have a high inflation. that term, nothing. no good news are coming from divert economy. ah, the energy prices remain high. so all those issues are there are there and this, there is no real culpable, that the government has now made it clear that it's bracing for an economic crisis

. what's less clear is whether it's measures are effective to deal with it. now to some of the other global business stories making news, the european union has agreed to been more than 2 thirds of russian oil imports. the compromise exempts pipeline deliveries, along with unilateral bands by germany and poland. this move is said to cut imports by some 90 percent. it's meant to put maximum pressure on moscow to end its war against ukraine. israel her signed its 1st free trade deal with an arab country, the united arab emirates, it abolishes duties on 96 percent of the product, they trade the 2 countries normalized diplomatic relations just 2 years ago. trade between israel and the u. e totaled some 900000000 dollars last year. the chair of the african union synagogues president mckee, soul, has told you leaders that russia's blockade of ukraine's ports threatened to cause

a catastrophe in africa. ukraine is a major grained supplier to the continent, sal warned of widespread shortages and spiraling prices. they called it the great resignation. during the pandemic, tens of millions of americans quit their jobs, changing the faith of the u. s. employment market. now the transformation continues as many of those who gave up their day jobs look for new ways to make a living. den vick is an entrepreneur. he makes coca dumber japanese style plants potted in most bowls. he quit his job waiting tables in september. you're making 3 or $4.00 an hour your your wage as completely dependent on tips on from the people that come in. only a few guests came to his restaurant during the pandemic. danville says that on some days he received no tips at all. he doesn't regret quitting now here ins, more money and can make his own schedule. the 1st time i spent thanksgiving with my

family was last year when i didn't work in a restaurant. and that's been after 6 years. 47000000 workers in the u. s. quit their jobs in 2021. november saw a record high of 4500000 resignations above all young employees, especially those in precarious working conditions. quit. in many cases, they didn't change labor sector just employer, and that was also the case with aaron fincher. she used to work in marketing in a small town, but her employer didn't offer flexible hours or the chance of working from home. i didn't feel valued as a person and, and i didn't feel like they valued my safety and my family safety. aaron gave birth to her 1st child a year ago, and she wants to spend more time with him. now that she works as a designer for the government, she can work from home, they offer full parental leave, paid parental leave. ah,

which is awesome if i wanted to have another kid, i'm and they offer a daycare subsidies. aaron struck wiley. iron was hot for the 1st time in a long time. job hunters can afford to be choosy when looking for work, according to experts because of abundant fiscal stimulus, consumers, well, lots of money. a lot of retirements and older workers staying out of the labor market. job opportunities for younger americans are abundant. this has consequences for employers, such a sand, wood shop owner, john tom, more and more of his workers are quitting and he receives few applications. so you know when the, when the staffing issue happen. and we had to look for, you know, quality new people. it was almost impossible for us to compete with the big restaurants. the competition was tough. other restaurants offered phone us is and more benefits. while john has to catch up with raises. in the long term,

it's employees who will benefit from this development, but as a risk for his small bistro, it certainly will help both their wages and conditions. this is a change for the better overall than america. and one that i certainly believe is, is here to stay the pandemic as give many people. one thing time dan vick was able to use his extra time to build up his plan business and learn how to do so on the internet. aaron used her time to discover what was important to her. she says that her job is a means to an end, and family takes priority. i think a lot of people are realizing at this point that it's not the most important thing and you are a person outside of that and you should be a person outside of your employer. your work work isn't everything and shouldn't be everything. many people seem to be coming to this realization right now. perhaps not in spite of, but due to the pandemic. what comes next after electric motorcycles?

how about robots? goats that you can ride? it looked like a joke, but it's not kawasaki. the japanese company that invented the robot goat says it can move autonomously or by remote control. kawasaki says it was designed to perform tasks on funds or to help the elderly carry heavy luggage. it was, it wants to bring the real world go to market next year. gide up. that's our show from me and the business team here in berlin. thanks for watching with small island, with big plans. now who noon in the indian ocean. the french overseas department is making

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