50th in 2012 we set this might be the last time we say now we see them around europe many times since i wanted english to shows or planned in germany before the rolling stones. 62 are wrapped up in stockholm at the end of july. ah think they're going to keep going forever as well. we have time for coming up. next business we have been to zealand looking at turkey. white inflation has hit a 24 year. hi. i'm new kids in the can and thanks for watching with welcome to the dark side where intelligence agencies are pulling the strings. there was a before 911 and an after 911. he says after $911.00,

the clubs came off. were organized crime rules were conglomerates make their own laws? work through us. it doesn't matter. the only criteria is worked. we'll hook people up. we shed light on the opaque world. who is behind the benefits. and why are they a threat to us all opaque worlds? this week on d w. o, o 2, he hasn't seen that inflation right like this since 1998 fall from a turkish delight. this latest data paint a grim pick chip every day. life is becoming a struggle for many tucks. many strict rules remain in place for women in saudi

arabia, but social reforms have led to more freedom on the labor market. the kingdoms 1st women training to become ca, mechanics, and roadblocks hinder europe's auto industry. surging energy costs, scroll materials, double in price and supplies. hot to come by due to russia's war in ukraine. i've been for solon, let's do business. price heights in turkey are out of control with inflation clocking in a staggering $73.00 and a half percent. that's the highest level in over 20 years. food, housing and clothing were the main drivers. turkey has been suffering from steep price rises for years. as you can see here in just one year, inflation has really skyrocketed. it's been fuel by president rich of tie. a bad ones meddling in monetary policy is repeatedly blocks the central bank from raising

interest rates to time inflation, accelerating a decline of the lira. i asked economists, and i'll judge in how hard all this is hitting households and businesses. well, it took you in a deep crisis, you know, we have this huge number over 70 percent. turkey belongs to diverse performing countries in terms of inflation. on the other hand, we have this growth rate that has been announced 7 percent. but if you look on every day live ordinary troops, people have massive problems to coal. a situation that con, basically finds their basic needs. and we know already the situation burson, over the coming months. because the policy economic policy is simply it is taking the wrong measures. could price pressures be slowing though? because the, the increase in inflation was smaller than in previous months? no,

actually there is consensus that because char key central bag is still keeping interest rate. the policy rates are 40 percent and we have globally, there are not only turkeys within turkey, the economic aspect that need to be taken into account, but also internationally. we see that price is solid, accelerating just one important factor is price is for food. for example, we know that food prices because of the russian war, are going to accelerate over the summer in autumn and inflation will increase. and additionally, the lira is getting under pressure because the central back does not increase the interest rates. so it's going to take a good lesson in economics for everyone to realize that his policy on rights only wasn't inflation. and that he shouldn't been meddling in the matter in the 1st place. absolutely, to the policy that is conducted in turkey in terms of monetary policy is

fundamentally wrong. we have declared, it's not only me, there's general criticism across the world, the central bank and talk you have to increase the interest rates. and the only reason why a turkey is doing this is, as you indicate, there is political pressure on the central bank and there are electrons next year. and the government tries to keep consumption, credit, finance consumption as stable as possible. but the consequences are unsustainable growth, increasing public deficit incomes in turkey software, they don't gain, they, there is nothing which is transmitted to the households. so it's a fundamentally wrong policy. it sounds like the government's part of the problem rather than solving here economist action. thank you. very much for your time. thank you. the german export powerhouse is starting to return to business. as usual

. the monthly export increased for april was 4.4 percent. the yearly figure was up almost 13 percent based on provisional diet. and that despite trade with russia, continuing to full, the german economy minister will but havoc says western sanctions and taking a heavy toll on moscow's wool machine. he says, the russian economy is collapsing and that germany has played its part by again, reducing exports to russia in april for quote, for you or vincent, some eyes from the kill institute for the world economy. how much is the war in ukraine still disrupting trade for germany? well, to run ahead, go to manage on the part of jeremy. already in the 1st few months, we thought that from western europe, the derby, approximately one wall. and now it is me and bar ruth, and thanks again. oil for example. and other entity forces. are we taking effect

all through the pipeline but important from our beginning q, q, dock fall. so those sanctions are hurting russia but also hurting the west? absolutely. i think was the, the greatest back off the warranty plane on the world economy is isis. we've seen that a lot of this stuff. it's the for the west because they have weight from russian energy sources to other yes. and how do you see the sector developing as the war drags on? i believe that more of the faith were coming to say, for example, i believe that germany companies and for in the west, you general and now reconsidering their supply chain. and they're linked to authority, kerrigan, they like russia and china, i believe,

will be that the firms who reconsider years are in, are resorting their 5 thing in the summer. thank you very much for being on the show. south. through some of the other business stories making use used cars are becoming more expensive following a rise in prices for new cars. in april, an average 3 year old car was 30 percent more expensive compared to a year ago. covered 19 a chip crisis and part shortages are all slowing supplies and driving our prices. amazon is the latest you guys take company to scale back its presence in china after it announced its closing its kindle e book store in the worlds 2nd largest economy. other companies like ebay and b, linkedin and yahoo have limited services, or exited the country. exciting and increasing competition and harsh censorship. the solomon islands is set to receive a $130000000.00 from the world bank. a big chunk has been

a marked for infrastructure, including bridges and the airport in the capitol. the other funding comes after china extended its influence in the pacific funding infrastructure in signing a security pack. 6 workers and activists march through the streets of mexico city on thursday to demand the right to work safely. the annual mar james to draw attention to one activists called fem aside violence against workers and police in action. a few years ago, women in saudi arabia were still banned from driving. now the 1st female car mechanics being trained up sh, crown prince, muhammad bid salmon wants to modernize his country, and that includes improving women's rights, which would help future proof the economy for a post oil. walt, this saudi arabian garage is cutting edge, especially when it comes to its mechanics. many of the trainee recruits on women like their male counterparts. they carry out oil changes,

battery checks and wheel fittings. something of a shock for many customers, la obadiah. i love the customers were really surprised. some of them came up to me and said, you've shocked us. ah, i'm people are amazed that women are working in this field and ask us what it is about the job that appeals to us. but the most common question i had a fan of sympathy, alonzo saudi arabia's economy, needs to diversify and reduce its dependency on oil. with this comes a need for more workers, and that's meant relaxing old laws. in the past, women were banned from working in manufacturing and construction. but that's now changing. and here at the garage, the women mechanics are even attracting new customer groups. well, no, no. we're not. you know, women feel relaxed when they come here. and you know my hand and you've been on the

whole some of them feel shy when dealing with men before i know if i want my job, they find it difficult to ask for things and they're scared to ask what's happening to their car when have him anovia, but with us it's different. they can talk to us. yes sir, for the year. the amana, despite the spirit of optimism, many traditionally minded men in saudi arabia, continued to be skeptical about women working. and especially in technical roles. women are by far the exception here. europe's automotive industry is hit a rough patch. budgeting is a nightmare raw material prices like sheets. steel have doubled in just a few months. energy prices, no only one direction and getting your hands on. carpets has become tricky. due to the war in ukraine. in this foundry, liquid aluminum is heated to more than 600 degrees celsius. this is what the automotive supplier,

l m g and the german state of saxony and halt uses to press castings for both electric cars and combustion engines. well, usually at the moment it looks like this. the machines are at a standstill. most of the 160 or so employees are working part time. the reason the massive rise in energy prices for 5 days managing director, christine susanna turn axes, will run the melting furnace at full capacity. then the machines are shut down for 3 to 4 weeks. this is how electricity and gas are saved. bouncing that you said i thought of it had no 99 percent of our electricity and gas is consumed in the foundry. we need 1000000 kilowatt hours per month. he island new york to nova, from the plant manager. ralph yosh catch often walks these empty halls almost every day. colleagues who are part time, call him with questions. i think gluten who own

the colleagues who got through the coven period quite well. there. now, i don't want to exaggerate, but they are afraid of the future. you applied? well, we don't know how long these conditions will last. how long can we stay afloat? what happens next? good barfield odds may. 5th. rising prices aren't the only problem for automotive suppliers, like l m g. since the russian invasion of ukraine, many major companies have been running out of supplies that were previously coming from ukraine. as a result, when b m. w, volkswagen or dialer shut down their production. the demand for parts falls to the 2 acadia, cuz as fifthly, so at this point and it has of the ukraine crisis, it's really the case that overnight we lost sales or the volumes that we're delivering decreased. and that's by 40 to 50 per cent per customer percent proclaimed the more and more spending on energy and raw materials and uncertainty about when customers will actually need and pay for the agreed upon quantities. but

the situation could still worsen. for example, if russia stop supplying gas to germany and that has been submitted, the system is designed and then the quantity is reduced. we will try to use what we have as efficiently as possible here. but if we don't get any more gas at all, then production will be completely shut down. there's no plan b for l m g in the mid sized company. this would mean that the production site in eastern germany may have to shut down a big hit to jobs in an economically under developed area. i think this is the end of the pandemic in site. we show what it could look like will return to normal and we visit those who are finding it difficult

to success in our weekly coping. 19 special next on d w. we've got some hot tips for your bucket list. ah, magic corner check hot spot for food and some great cultural memorials to boot d w. travel off we go with did the only cranberry and evolve in an animal or a human being. the view is questions that will be addressing this week. welcome to the latest cove is 19 special.