is in the seventy's and eighty's, a time in which the car make her is accused of profiting from slave labor. and per se coven run into the program. a bipartisan group of yours lawmaker say they've agreed on a proposal to give the government greater visibility into billions of dollars of investment into china, and sweeping new power. so block them present biden's seems to be backing the concept, which comes at a time when china's economy is trying to rebound from covered locked downs and supply chain straits. shanghai is back reopened after a complete shut down to stop the spread of corbet 19. but as people go back to work, the fear of further locked downs remains the mood, the somber. but you wouldn't know goin by recent data. so far this year for an investment in china cents at over $80000000000.00. that's 17 percent more than last year. it's unclear though,

whether this trend will hold. the u. s. is keeping up trade barriers put in doing the trump administration, chips, batteries a i and fintech i supposed to be sold to china only in exceptional cases. the chinese government has criticized these measures as inappropriate. they would only hurt the u. s. and not slow down growth in the chinese economy. the tone has become more aggressive and there are science of further decoupling between china and the west. for more, let's cross over to taipei and d. w correspondent. so song hands, so it looks like these chinese investment curbs are gaining momentum in the united states. how big of a problem would that be to china if the bill passes in the end, it will be a big blow to not only. busy china's economy, but it's national strategic plan made in china 2025, which em to upgrade the manufacturing capability of chinese industries into

a more technology intensive power house. according to the bill, the u. s. government has a right to stop investment projects in china that are inconsistent with us national security embalming high tech field such as semiconductor israel earth about technology, artificial intelligence and robotics. restricting u. s. invite vestment in china in these areas with me, you as china. decoupling in high technology, that is, it is a double edged sword. it may be able to curb china's ambition to our compete the u . s. but it could also hon. the long term interests of u. s. companies in china. and so at the same time or latest economic data showing the chinese factories have been producing more stuff last month, but consumption remained frail. what are we to make of that? which i know is economy showed initial size of recovery in may. but overall growth still remains fragile. the unemployment rate we're looking at surprisingly, improve a bit, but it is unclear whether the trend is sustainable with millions of students

graduating in the summer. the pandemic is now largely under control in china, and the related strict control measures are gradually being lifted by the 0 call. the policy has had a serious impact on economy. it activities with the risk of outbreaks and logged out looming. consumers and inter printers have become quite cautious. institutions have lower their growth expectations for chinese academy this year. and economy will likely ron below its potential unless the government takes decisive actions to boost the growth you w correspondent. so song, haven't i paid? so thank you. your p natural gas prices surged over the years of disruption after russian gas behemoth gas from announced it will reduce deliveries. why are the north stream pipeline by 40 percent gas problems blaming siemens energy failing to store gas turbines? the engineering company saying one turbine is being overhauled in canada but cannot

be delivered to russia because of sanctions. so far gas problem has not indicated if it will increase gas applies to other pipelines, to compensate or loss. for more a spring into a ball season energy expert and professor at the pairs institute of political studies. welcome to the w, terry, do you expect flows or not stream one to be permanently know lower? now, where i do expect that in the grand scheme that we are saying since the last i eat, the weapon is ation of gas. we have to be prepared for this. we've seen a gas problem. stopping state spot saved back in 2021. not repeating that german storage at the end of may 2021. we've seen that stop throw in for 4 different 5 different countries. and this is another thing that the credit is throwing at. so we have to keep in mind that at the end of the day,

we should be completely independent with the russian gas going every week. sorry about that in the military. but so this delay and repair work, the siemens energy is pointing to here at the moment. does this play in the hands of the kremlin which uses energy exports to exert pressure absurdity? remember, i mean her back at last months as they were asking us to pain rugle. most companies did agree just a few didn't and were cut. and when they agreed, they hoped that they were going to receive their gas and now they another. and, and those are, sorry, we don't have to comply, so russia doesn't have the compressor. and so therefore they can tell this guy. so i think the kremlin is trying to show how united all these united we are here. and we are going to see how companies are going to react. so the gas transit for north stream is 40 percent lower gas from has stopped exporting gas to poland and transit through ukraine is also lower. what does this mean for the supply to europe?

where if you compare the supply to europe now after this, this is what it used to be prior to copy it. we are receiving right now with the left and half the gas we were receiving from gas from 2 years ago. so, i mean, our dependency in europe has been half from 40 percent dependent on gas from we are now 20 percent dependent. the good thing a so far markets have been able to find a solution. the waste luca, 5 natural gas being be routed to europe, to mitigate this and tell you how far along is the continent then and making itself less dependent on russian gas. i mean, so far we've been less dependent. thanks quote, and quote. from the credit. i mean it's a credit that has cut us not to putting an embargo on gas as we did in the european side on quote all again, as i said, 40 percent we are now to 20 percent. $11.00 hop up to 10 percent. i 10 percent

could still be manageable, extremely high prices that the last 10 percent it not manageable. we cannot replace it because we get to keep it and gas. and so it cannot be done in 2022 or perhaps not even in 2023. we need to wait for new project on to supply site to be able to bring more gas to europe, delagarso the paris institute for political studies. thank you for your time. thank you. and now to some of the other global business stories making headlines around the world versus war ukraine, coupled with shortly rising energy prices curving economic recovery in germany. the for institute as credit 2022 forecast or german grows to 2 and a half percent down from 3 point one percent predicted in march. you for expect commodity prices and supply bottlenecks to gradually ease. in the 2nd half of the year, the currency exchange coin base says the plans to lay off 18 percent of the workforce

. a move that comes after market value. the digital currency plummeted. more than $200000000000.00 has been wiped out of the crypt currency market. since the start of the weekend, brazil's electricity company and actual boss has gone private in the 2nd biggest stock offering worldwide this year, brazilian present enjoyable scenario rang the bell of stock exchange to market started trading. the brazilian government stake and electro ross stands at 45 percent down for 72 percent before the launch and staying in brazil, german car maker false logan is facing prosecutors in the country over allegations of human rights violations at a farm. it ran during brazil's military dictatorship accusations include, include slave labor, torture, and even killings. prosecutor say they have documented years of atrocities committed by fox wagon managers in the 19 seventy's and eighty's. and now they

hoped to reach a financial settlement for the victims. a court house in brazil, ya here behind closed doors, prosecutors were set to confront one of the world's most powerful automakers. with a series of explosive allegations. it revolves around this farm in brazil. the accusation that volkswagen benefited from slave labor here during the 19 seventy's and eighty's at m. a fordham j was a form of modern slavery workers. how to work 7 days a week, more than 10 hours a day without any pay ot us a sing. he said, beard po, get cheap, would you came in at all? so the prosecution alleges that there are hundreds of cases in which serious human rights violations occurred. they say workers were little more than indentured. servants. witnesses speak of being shackled after attempting to escape, being forced to work at gunpoint and even of murder, becky, to say, when someone tried to escape, the managers would go after them and shoot them. but they beat up those who tried

to escape on the street in the shack. but he and i saw the buck he alone. bohack. volkswagen bought the farm in 1973 at the invitation of brazil's military dictatorship. to day the company says they take the accusation seriously, but must 1st analyze the results of the investigation before commenting. any. this surprises christopher copper, who says he informed volkswagen of its involvement a few years ago and got some conflicts. i examined the operations of this farm during my studies and 2017. also after my discovery, i told volkswagen that during this period it had used foreign labors who were essentially forced into slavery lot and fully fermented phone. brazil's prosecutor now wants justice, lost in sackcloth. we are convinced that volkswagen will acknowledge its responsibility and that there will be a settlement with the prosecutors office and the former workers,

brazilian society will be compensated for these unacceptable incidents in his out. it's unclear how volkswagen will respond to the allegations. we ask our corresponded mathias able to, to what extent fox like in management knew about what was going on. they knew about it, and there were reports already in the eighty's, in the german magazine spiegel about it. so there were rumors about it and for decades already em. but a lately in 2017 at the historian christopher copper, which we heard in the report. he published his report and, and folks, i knew about him, these accusations, and about the, the what happened at this farm because mr. copa, a dedicated one chapter on this farm or in the prostate in brazil. so they knew about it also the management but and yet we don't know why the didn't act so far. that's one of the secrets folk song might, might to tell us about

a in the next month or which are to come. and that social for more checkout website at the w dot com slash business, or the daily news youtube channel from chris kolber envelope. thanks for watching. the result may success with awe.

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