and before we go, here's a quick look at our top story at this hour. russia's assault on eastern ukraine is claiming the life of up to one of 200 ukrainian soldiers every day. that according to the senior government advisor, ukraine is asking for more advanced weapons from western nations to counter moscow's offensive. vol from us for now, but stay with us chrissy flats and will be here at the break with all the latest from the business. worked with people and trucks injured when trying to free the city center. more and more refugees are being turned away as the border families playing on the tags in syria to these credit owners with extreme around

getting 200 people with around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. to w. made for mines. ah. ah. the only way is up us inflation rises again. the cost of gasoline, food, and more jumped in. may forwarding economist expectations and pushing inflation to a for decade high. also on the show container ship congestion in the north sea,

the chunk of the world's cargo capacity is stuck at ports in germany, the netherlands, and belgium. and plans to mind uranium in brazil have farmers worried about their crops and their health. i'm christy flats, and this is dw business. u. s. president joe biden says washington must take action . that's after prices surge that the fastest pace in more than 4 decades. the latest government report shows, year on your inflation was at what is at 88.6 percent in may. sharp rises in gasoline, housing, airline fairs, and vehicles drove up the consumer price index ramp. inflation is putting pressures on many families who have to pay much more for food, fuel and rent. economists say the war and ukraine and supply chain disruptions have contributed to rising prices. the u. s. federal reserve is expected to raise key interest rates next week, and again in july, in an effort to slow inflation on the growing fears over inflation has given

financial markets their worst week since january both in the us and europe. stocks fell sharply with today's inflation data out of the us adding to that pressure. well, for more, let's go to our financial correspondent, teddy austro new york to break this down. hi there, teddy. so investors and economists, they had expected inflation to start using somewhat last month. what did they get wrong? yes, chris, even the us treasury secretary janet yellen had to admit that they got this one wrong. we're not actually looking at transitory inflation as for what they got wrong. well, we are looking through some pretty uncertain times. there's the russian war and ukraine causing of food and energy crisis. there are supply chain disruptions emanating large re, largely from china with their locked downs due to cove it. and we are looking at a pretty unusual, unusually tight labor market. so perhaps you can't blame economists,

analysts and investors for getting this one wrong through such an uncertain period in the global economy. okay, well teddy inflation, it's heading upwards towards 9 percent. at this point you're there in the us. tell us how our american coping with these prices. inflation is hitting americans really hard. i mean, we're looking at gas price records almost every day. now i believe it's 12 percent on the year increase in grocery prices. it's really just awful for americans. interestingly though, consumer spending is still pretty strong, but we are looking at some changes. for instance, dollar stores are actually having a field day right now, which maybe suggests that consumers are changing their spending to cheaper alternatives. also, credit card debt it's approaching and all time high. what does that mean? americans perhaps are coping with high inflation by putting off the pain of these

high prices for a later date. teddy auster with that great analysis in new york. thank you so much . well now to some of the other global business stories making, those apple chief executive tim cook has sent a letter to a group of us lawmakers urging them to pass the federal privacy legislation. as soon as possible, the would give consumers protections and rights regarding the use of their data online. congress is currently considering several versions of privacy legislation. tesla has canceled 3 online recruitment events for china scheduled this month. this comes after ceo ellen musk threatened job cuts at the electric car maker, saying it was overstaffed in some areas. the events were supposed to bring in new workers and sales and research. i'll germany's keel institute for the world economy says almost 2 percent of global freight capacity is currently stuck at ports in

germany, the netherlands and belgium and cannot be loaded or unload it. a german dock workers strike has ratcheted up pressure there as well. this is forced huge container ships to drop anchor and wait outside key ports like hamburg. it's a different kind of traffic jam. just of the german coast cargo ships wait to duck in hamburg around $150000.00 containers, just sit and wait on the north sea and around the world, 11 percent of global shipping floats at anchor. consumers everywhere are feeling the effects. a constant mama, this often means that shelves in supermarkets and hardware stores are empty godaddy as an thomas vaughn. of ich, runs a large logistics company in hamburg at the moment he asked or improvised a lot. his warehouses keep filling up, but there are no ships to take the cargo on board. when some a remark, when it's full, it's full just like a barrel and the last drop then causes it to overflow. and that's how it is here. a

german duck worker strike is only adding to the chaos. ships are not getting unloaded. the workers are demanding a pay raise for their non stop work during the pandemic. hello, i to hear the people here in the port gave it. they're all doing locked down. and they're still pushing themselves to the breaking point to ensure that supply chains are maintained for thomas vaughn in which the strike still means more unfulfilled deliveries. that leads to gaps in the supply chain and shortages for consumers. and the really big shipping volumes from china are still on their way. well, earlier we spoke to vincent emma from germany's kill institute for the world economy and asked him if there is any way to put a price tag on this traffic jam. is bird difficult to put a plastic on this particular traffic jam? just because it's very young. i'm bus traffic jams at play. they're willing to me

the last 2 years and they have the last 2 delivery delays. all of good to have managed hire transportation costs. transportation costs have risen dramatically in asia, europe and the delivery delays have let in 20212 and 2 percentage on lower economic growth and we would have expected. so the delivery delays from traffic jams actually led to the rebound, germany on the me to be a little bit lower and we actually would have expected off for decades. brazil left his largest source of uranium untapped over fears of endangering the water supply than the war broke out in ukraine and authority suddenly gave the greenlight to mind $2500.00 tons of uranium annually. that's for use in nuclear energy plants. residents are worried, but mining is expected to start in 2 years. and tony and joe, selina grow fruit for a living. they both belong to a co operative

a family businesses and they swear by organic farming. here in brazil, hinterland yo, yo. yo. i think that without family farmers and there would be no brazil, as we know it. farmers have settled on and built up this land as your little boy, as you loosen lo, well vehicle, beautiful meal for the couple and more than 200 local farmers grow dozens of fruit varieties for juice that is sold to schools. but they're worried about plans to miner uranium nearby walk f. i made all the people in this region will suffer if there is a leak or an accident at this uranium mine are water sources would be contaminated with radioactivity or you thought jesus of the get that of himself at that con, baldly, chicago, seattle, or a mountain range with brazil's largest uranium deposits is visible from their plantation. a state run company has now unexpectedly received permission to mine

uranium. it could soon look like this. if thousands of tons of uranium were mind each year, the ukraine war may increase demand for brazilian uranium in part to keep europe's nuclear plants running. just alina thinks, uranium mining is a health risk buying this, mine will be lucrative for its operators and customers. but for us, on the other hand, not at all because of the waste and pollution, the mining company rejects this criticism. oh boy, out rule it will monitor, everything's all workers, health, the river water, the soil, and the fish stocks. we will rigorously apply the norms of the national nuclear authorities laws. he was not home so lot knology and unit scientists. josie carlos are usual, has his doubts. he sees risks in the way uranium has been mined in brazil. last

name he, we school, there's a real danger of accidents due to improper use of the uranium plant. cynthia, we've already had such cases and brazil because there is seldom regress controls if he go not allowed to scalp vasa repercussions of the ukraine. war can even be felt here and brazil's idella hinterland. and finally, the golden arches are disappearing. and russia, a local fast food chain is set to begin opening at some of mcdonald's former restaurants. on sunday. it comes after the u. s. chain announced it would sell its restaurants to a local licensee. the rebranded company has a logo with 2 french fries and a hamburger patty reminiscent of an em, but without revealing the name of the new chain or decades. the latest government report shows a year on year inflation hit 8.6 percent in may. the growing fears over inflation has given financial markets their worst week since january, both in the us and europe. stocks fell sharply with today's inflation date out of

the u. s. adding pressure to that in almost 2 percent of global freight capacity is currently stuck at ports and germany, the netherlands in belgium, and cannot be loaded or unloaded a german dock. workers strike has ratcheted up the pressure and well, that's our show for more. you can check us out at d, w dot com backslash business, and the do dw news youtube channel. you can also find us on facebook from me and the whole business team here in berlin. thank you so much for watching our show. have a great weekend with making the headlines and what's behind them. d. w, news, africa,

the show that faculty issues shaping the continent life is slowly getting back to normal. you well, the streams to give you enough reports on the inside our corresponding with on the ground reposing from across the continent, all the time stuff the mazda to you. mm. next on d, w one electron mobility without recharging boundary level by implementing battery exchange stations, chinese car maker year wants to conquer the european market. with fully automated battery swaps and software updates, you can be ready to hit the road again in just 5 minute. read. in 60 minutes on d, w. o,

and 175 years ago. you start up entrepreneur at a specific goal to build the best optical instruments in the world. ah, did he know that devices bearing his name would one day feature in the moon, minding 21st century science into new realms? the rise of a global company, 175 years of ice starts june 19th on d, w. this is deed of the news africa coming up on the program. belgium's brutal colonial regime in congo was based on the racism and expectation clear away from belgium's

king felipe during his historic trip to the dfcs was not clear is why he didn't issue an apology for the millions of bats on the sheer cruelty of bal general. also i had looks tasty, doesn't it meet the man who puts ice cream treats on tweets.