100 ukrainian soldiers every day. that's according to a senior government advisor. ukraine is asking for more advanced weapons from western nations to counter moscow. defensive for me for now, but stay with us christy flats and will be here after the break with businesses and don't forget and you can get all the latest headlines and information around the clock on our website at a d. w dot com really for me and the entire team. thanks so much for your company. ah, a

175 years ago. the startup entrepreneur at a specific goal. 1 build the article instruments in the world news which has become a reality. 175 years of size starts june 19th on w 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 miner uranium in brazil have farmers worried about their crops and

their health. i'm christy flats, and this is the w business. u. s. president joe biden says washington must take action. that's after prices surged at the fastest pace and more than 4 decades. the latest government report shows, year on your inflation was 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. and 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. of a 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 in ukraine, causing a food and energy crisis. there are supply chain disruptions emanating large re, largely from china, with their locked downs due to coven, 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 u. s. tell us how are americans 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. 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 . on now to some of the other global business stories making,

there's apple chief executive tim cook has sent a letter to a group of us law makers urging them to pass the federal privacy legislation. as soon as possible, the bill 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 a new workers in 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 has forced huge container ships to drop anchor and wait outside key ports like hamburg. it's a different kind of traffic jam. just off 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 our feeling. the effects are constant momma that is also means that shelves and supermarkets and hardware stores are empty ideas. and thomas vaughn of it 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. vincent 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 workers 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 to the people here in the port gave it there all during locked down and they're still pushing themselves to the breaking point to ensure that supply chains are maintained for thomas vaughn of 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. while earlier we spoke to vincent demo from germany is q institute for the world economy and asked him if there is any way to put a price tag on this traffic jam. it is very difficult to put a plastic on this particular particular traffic job, just because it's very bus traffic jams has play the call to me. in the last 2 years they have led to delivery delays. all of us have many higher transportation. transportation costs have risen dramatically between asia,

europe and the delivery delays have led in 2021 to $2.00 percentage on lower economic growth and we would have expected. so the delivery delay from traffic jams have actually left the rebound germany economy to be a little bit lower and we actually would have expected well, for decades, brazil left us largest source of uranium on tapped over fears of endangering the water supply. then the war broke out in ukraine and authorities suddenly gave the greenlight to mind $2500.00 tons of uranium annually. that's for use and 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 of family businesses. and they swear by organic farming. here in brazil, hinterland, your washer. you. 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 you know, full of the loose and low where greek. beautiful. many of the couple and more than $200.00 local farmers grow dozens of fruit varieties for juice that is sold to schools, but they're worried about plans to miner uranium. nearby woke f. i made all the people in this region will suffer if there is a lee or an accident at this uranium mine are water sources would be contaminated with radioactivity. marie thought jesus of the get that of himself at that. com published audible sierra for a mountain range with brazil's largest uranium deposits is visible from their plantation. a state run company has now unexpectedly received permission to mind uranium. it could soon look like this. if thousands of tons of uranium were mind

each here, 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 brian, 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 of law. it will monitor, everything's off workers, health, the river water, the soil, and the fish stocks. we will rigorously apply the norms of the national nuclear authorities. last, he was welcome. so last year, no junior year, scientists, josie carnis, our regional has his doubts. he sees risks in the way uranium has been mined in brazil, nor steam he, we school and 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 up, you skaggs. awesome. we used to sit on the my school could ab joselyn, as co operative, has been a success so far, but her juice production could soon fall victim to uranium mining was a yellow good on you who many will probably buy uranium from here because of the worn ukraine, and they have no clue as to the negative consequences that this will have for a farming noise gaggle daughter, familiar, vital mas, elissa the repercussions of the ukraine war can even be felt here in 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, mcdonalds opened its 1st russian location in 990, amid thawing cold war tensions. but it's now one of many western companies exiting the market after russia's invasion of ukraine. and a reminder of the top business story we're following for you this. our us president joe biden says, washington must take action after consumer prices surged at the fastest pace and more than 4 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. 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 to the point strong opinions. so we're positions international perspectives. as western sanctions take a total on russia's economy, it's looking elsewhere for markets and finding a welcome partner in china. russia's more on ukraine, could china hold the cards, join us on to the point to the point. next,

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feel the magic discover the world around you. subscribe to d w documentary on youtube. with as western sanctions take a toll on russia's economy, it's looking elsewhere for markets and finding a welcome partner in china with trade between the 2 countries surging russia. foreign minister survey law says he sees inexhaustible potential in their relationship. can new commercial ties with china compensate for the ones severed by the west? could and would be ging seek to influence russia more on ukraine. does china hold the card? that's our question today.