daniel winter is up next with dw business, and then stick around for more news at the top of the hour. and of course, remember our website is there with all the latest news. it's d w dot com. you can find us twitter and instagram as well. at dw d, as i'm told me a lot ago, thanks for watching someone else to the tv highlights, it's selected for you. you every week in your a box, subscribe. now the amount of class is increasing every year. many im gonna working on landfills with the thing we work very holiday destinations drowning in plastic white we, we wine, look at the cars every year of the exports over 1000000 tons of plastic waste. is

there another way? after all the environment isn't to recyclable. make up your own mind. d. w. made for mines. 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 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 tech focused. 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 is 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. and prior. i mean, we were looking at the worst 1st 6 months off the years 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's a hit. it dictates that the lowest level and ever so since we of gotten this as statistic, but yeah, we did stop is really losing steel streak. and so for the week of major gain, some on wall street. okay, 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 a? well, the banks did pretty well enter this 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 that 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 of you would reach 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 credit, ford car loans, for example, maybe even a, for a credit cards and fitting to that. we got some word 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 growth will definitely be much lower than originally anticipated. that's leased according to the ins. so as a good week, but there may be storm clouds on the horizon against 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 imports as a decision he, as

a member of the green party never wanted to make, but there 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 early of and 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 in that 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 leaders are calling for the nuclear plants, tory maine and operation. so energy supplies are secure in a north that was in an emergency situation. we have to physically secure our energy supply at any time and anywhere. but the german chancellor made it clear that there won't be any changes to the nuclear shut down. 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 fuson . he's the president of the e fo 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 the 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 confidence among british consumers sank to a new record lower 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 stripes. and speaking of strikes, there is one at the world's biggest copper producer chill. a state owned codle co, as 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 export of foot products. but that hasn't changed the situation.

summary, been forced to search race bins to get food on the tables as it's getting harder and harder to pay for food items in distorts. argentina 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, we're 8 hours and i often think about finding a 2nd job 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. allow him to get on so angry truckers blocked the roads in burn aside as protesting grow and 14 percent increase in oil prices. in the last 6 months, the foot problem is accompanied by

a paralyzing feel. crisis. debt is choking economy or less cause an expensive effect? truck drivers say enough is enough. yeah. the level everything you can think of. clothes, food, food drinks is shipped 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 adequacy, as to 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 petals 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. he says, if you eat well, you can't pay the bill and when you pay the 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 his 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 of 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 out our website data 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 to the point. strong opinions, clear positions, international perspective. russian retaliation against western sanctions is driving millions of families world wide to the brink of famine, blockades, event, grain, and gas prices storing is scarcity, proteins, weapon of choice. to look point dw,

the secret more between iran on the y side and on the other israel and the united states. why doesn't he ever seem to end? for over 40 years, all diplomatic efforts have failed. i believe there has never been. i real dialogue in the 2nd part of our documentary, the law is in 45 minutes on d w. ah, we're all good to go beyond the obvious a as we take on the world. 8 hours. i do all this. yeah. we're all about the stories that matter to you.

whatever you take by policemen follow with those who we are, your is actually on fire made for mines with rushes, retaliation against western sanctions is sparking a world wide crisis as food and fuel prices sore. putting the vulnerable at risk rushes, slash and gas deliveries to european countries, including germany. in what one german liter calls an economic attack. citizens are tightening their belts as inflation surgeons. nowhere more so than in the global south where russia's blockade of grain shipments could plunge up to.