a good week for stalks to several bad ones. daniel winter has the details on business. that's after a quick break. stick round for more news at the top of the r and of course website d, w dot com has all the latest news, finest to attendance, to promise. well at evenings, i'm told almighty. with sometimes a seed is all you need to allow big ideas to grow. we're bringing environmental conservation to life with learning pass like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free. how about taking

a few risks? you could even take a chance on the la rearing to ah, don't expect a happy ending. literature list under germany, st. ah, ah, things are looking up for you as investors, as shares on the new york stock exchange, end of the week up. but is the rally this week sustainable? we'll check in with our markets correspondent also coming up could germany be heading for a nuclear revival? the energy squeeze could give them little other options. we'll hear from an expert and the war in ukraine is being felt far afield. argentina is struggling, as the price of the food staples is rising. and daniel winter and it's time for dw business, major market are ending the week on

a high with stocks rising and bucking the downward trend of recent weeks. looking at the week as a whole, the s and p 500 was up 96 percent a little under 5 percent for the dow and take focus. nasdaq racing ahead with well over 7 percent. i mean that's a welcome relief. as all those indexes are still down overall by double digits since the start of the year. and we're going to go over to our jens quarter, who is our financial guru, who is always going to go through all of these things next by them for us. yes, as always, it's good to see you. is this irrational exuberance that we're seeing on the markets or is there a good reason for optimism? daniel, i would say is the main reason why we traded up by about 6 and a half percent for the s and p 500. this week is because of the huge losses that we saw in the month of prior. i mean, we were looking at the worst 1st 6 months of the year since,

i believe 1936. and i guess some investors are saying that might have been too much because fundamentally not that much has changed on friday. for example, we got the latest reading on consumer confidence and that hit it dictates that the lowest level and ever so since we of gotten this a statistic, but yeah, we're did stop, it's really losing steel streak and for the week of major gain, some on wall street ok, moving on, the federal reserve has put banks through their paces with a stress test. this is coming as all of these concerns swell around the economy. so how did the banks do i, well, the banks did pretty well enter the tests were a bit tougher than last year. and that might tell you that the federal reserve firm is seeing a bit of a rougher c, a head to even for example, in this stress test, they did not test how banks would do in a war in europe. for example, of the test basically looked at what would happen if the stock market will drop 50

percent. we would read an unemployment rate of 10 percent and at least in this environment, the u. s. financial institutions would do a good according to the stress test, but i'm looking at head, i mean, we do see some anecdotal evidence that a u. s. consumers might have problems paying their credits for car loans, for example, maybe even a, for a credit cards and fitting to that a, we got some words on friday from the i m f out of washington fleshing the gross forecast for the united states. even if the i m f does not see a recession afford the us, but gross will definitely be a much lower than originally anticipated. that's at least according to the ins. so as a good week, but there may be storm clouds on the horizon, yann's quarter. thank you very much, have a great weekend. now, germany's economy minister says the country will have to fire up its coal plants to make up for the shortfall of russian energy in port. it's a decision he, as

a member of the green party never wanted to make, but they could be another low carbon, alternative nuclear energy. the country had hoped to phase out nuclear in favor of renewables, but amid the current crisis, a debate is raging and germany should the country extend the lifespan of its current atomic power plants. let's take a look at how we got here. fukushima 2011 an earthquake triggers the tsunami. it destroys a nuclear power plant. the accident shakes the world leading to fears the same could happen elsewhere. the accident also prompts germany to exit from nuclear power earlier than plant. if you hear guns orphans as a proponent of the peaceful uses of nuclear energy, i want to be very frank. the events in japan of change my opinion on nuclear energy enough in 201117 nuclear power plants west still on the grit.

now, only 3 remain active. they're supposed to close down by the end of the year, but the warn your crane and surging energy prices could affect the timeline. since russia's invasion of ukraine, the price of natural gas has jumped around 80 percent, many politicians and business lead us a calling for the nuclear plants, tory maine and operation. so energy supplies are secure in a north the to up in an emergency situation. we have to physically secure our energy supply at any time and anywhere from but the german chancellor made it clear that there won't be any changes to the nuclear shut down. a currently nuclear plants account for 6 percent of electricity in germany. the chancellor says, keeping these nuclear plants would have little effect. this survey however, shows more than 60 percent of the population on favor of continuing the operation of nuclear plants due to the looming threat of an energy crisis. of course,

there are so many open questions around this. so earlier we spoke to clemons 1st. he's the president of the ego institute for economic research. he said that germany's return to nuclear is an option that shouldn't be discounted too easily. or we are facing an energy crisis, rising energy prices in the situation of high uncertainty. it's unwise not to use all options now of changing the schedule for the nuclear plants is costly and complicated. yes, but it's feasible. and i think we, in this situation, we should use our options rather than giving away one without very good reasons. the question is, do we have the political will we should remind ourselves, this is not about comp, fundamentally changing the long term strategy. i personally think it would also be good to read, think the long term strategy about getting out of nuclear, but here we only talking about maybe a year or 2 or 3 or so just changing the schedule. a little of germany's top

economic experts there on nuclear. but now let's go to some of the other global business stories making news right now. confidence among british consumers sank to a new record low this month, according to survey is now lower than during the early stages of the covered 19 pandemic. and even the 2008 financial crisis, u. k. households are struggling with inflation and disruption due to strikes and speaking of strikes, there is one at the world's biggest copper producer chill. a state owned codle co has ended after an agreement between the government and union representatives. some $40000.00 mind workers protested the closure of a foundry, blamed for massive pollution. the union and the government agreed to work together on the facilities gradual closure. mexico central bank has raised its key interest rates by 3 quarters of

a percentage point to 7.75 percent. the move is aimed at reducing the amount of money in circulation to help curb surging inflation. prices in june increased by 8 percent on the year. now it's been 2 decades since the worst social and economic implosion in argentina's history. but now once again, argentina is facing a painful economic and social crisis. the situation is compounded by the russian invasion of ukraine, which is pushing up global food prices. government measures to stabilize the economy a so far failing to turn things around. ah, the war in ukraine is thousands of kilometers away. but the effects of it are fed by people worldwide, including here on the streets of warren aside, in the past weeks, the government bank, the exports of foot products. but that hasn't changed the situation.

somebody been forced to search race bins to get food on their tables as it's getting harder and harder to pay for food items in distorts. a jan tina is one of the countries that has been hit hot by the critical global situation regarding food prices. argentines have to pay over 64 percent more for food compared to last year. this content is growing because purchasing food is near impossible for many. i shut it off or taught us. i were 8 hours and i often think about finding a 2nd job went up to cover my expenses that i gala salaries are well below inflation and is to ration is not great for consumers. it's becoming increasingly difficult. i think a console angry truckers blocked roads in borne aside as protesting, growing 14 percent increase in oil prices in the last 6 months. the foot problem is

accompanied by a paralyzing fuel crisis that is choking economy or li scars and expensive. you found truck drivers say enough is enough? yeah. a little bit of everything you can think of clothes, food, fill drinks as ship by truck sold as items will start being missing everywhere that under low as discontent and displeasure turns into anger. some argent ties are turning to social solidarity networks to get by erica, so sassy is the impossible dilemmas that families are facing every day. then are they gonna do? the value of money is so low to day. for example, you pay $100.00 pisses for a litter of milk, and to morrow you could pay $150.00 to that, but it's every day prices rise, it's impossible. money is not enough, says if you eat well, you can't pay dabilla when you pay to bill. so you don't eat noblemen. the

situation in argentina is driving popular masses into the streets. houses are united towards one goal to do something, to stabilize prices. so the average person can at least feed themselves. and finally, his one for those of you with the suite to switzerland is losing production exclusivity on one of its most famous brands, the chocolate tobler own. the company has produced its iconic chocolate and been for more than a century. but mon dallas international, the multinational that owns a tobler and brand will partially outsource to slovakia from 2023 to address growing demand. as a consequence, it will have to remove the word switzerland from the packaging. and just before we go, a quick reminder, the top business story we're following for you this our major markets are ending the week on a high with stocks rising and bucking the downward trend of recent weeks. the s and p 500 was up over 5 percent a similar showing from the bath. and that's it. you're up to date with

d w business. if you want more than you can, as always check on our website dot com slash business. and we're also on youtube to, from me and the business team here in berlin. thank you very much for watching and of course, have a great weekend with what making the headlines and what's behind the m d. w. news africa. they show that all the issues have been the continent. life is slowly getting back to normal. yeah . we're on the streets to give you in the report on the inside our corresponding with on the ground reporting from across the continent. all the trends doesn't matter to you. next on d, w a. do you

like it and do you want it? okay, then what go up put the metal at a metal. let's write a read. in 60 minutes on d, w o. and german with d. w. at any time in any place using news video nevada's we have like a set of films to sing along to down load is the combo

t from super munsey often using a tie. are varied courses put it into active exercises are available at d, w dot com slash dog planet on facebook all in the land. germans are free with the w b. this is e w. news africa coming up on the show. why can't africa feed itself? millions of africans are struggling to afford basic necessities, due to conflict, drought, and poverty. now, a war, thousands of kilometers away between russia and ukraine, is threatening to worse and africa's food security. and the slow economy has caused a damaging ripple effect in south africa where many have been forced from their homes just putting on a show commonweal.