or ukranian authority say at least 13 people have been killed in a russian cruise missile attack on a shopping mall in central ukraine. they believe over a 1000 people were inside the mole at the time. ukrainian president zalinski has condemned the strike, which took place in the city of credentials. he's called it another russian war cry . you're watching the w news. my colleague facility will be back with d. w. business news and talk of russia failing to pay its debts. i'll see you tomorrow with the giants and what's behind them. dw news africa. they show that the issues came in the continent. life is slowly getting back to normally where the streets to give

you enough reports on the inside of our cars. funding was on the ground reporting from across the continent, all the french stuff, mazda to you. t w. news africa every friday, only w. ah, what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d, w. world heritage is 360. get the app now with ah, financial lim, both the united states says russia has defaulted on its international bonds for the 1st time in the century. bhaskar denies that arguing sanctions of blocking the

money from getting through to bondholders to frack or not to frank. argentinians say it's causing damaging earthquakes that they government sees a lucrative business opportunity as russian gas loses. it's a look. and maritime traffic jams continue to clog up global trade, taking a toll on businesses and consumers. we take you to germany biggest port hamburg, and bid for. so let's, let's do business. has russia joined the reveled all reviled club of debt. default is the last time this happened was when the russian empire collapsed and the soviet union was created. bolshevik revolution leader of latter be lennon refused to recognize the debts of the deposed saw. that was 1918. fast forward to june. 2022 and russia is flush with cash economies showing no sign of sinking yet despite an expensive war and sanctions, but 2 payments haven't made it through to overseas creditors. the kremlin accuses

the waste of unofficially driving it into default by sanctioning banks. one sovereign debt lawyer in new york says those sanctions were fully in russia's control. all that had to do was not invade ukraine. some experts dismiss the event as a technical default. other bank has say, this will impact russia's ratings, market access, and financing costs for years to come. a financial corresponded. teddy astra is following the story for us from wall street. so has russia defaulted or not? while this really is kind of a political and, or but as far as i understand is it's up to the u. s. a. steve, for now for the effects of the default is quite interesting actually. doesn't appear to be many effect priest, it's dependency on foreign financing. a and certainly not worth warn you. current

director tries to re integrate into the global financial system after the ukraine war. then we'll probably run into some difficulties. now as her other members or other measures, we can look to the g 7 right now, which has app on oil, on russian oil and gas imports. and that actually might strike at the heart of russia's funding of the war and ukraine. and of course, that comes with a high price tag for europe, which heavily depends on that oil and gas. we're looking at oil. we're looking at a high oil prices. we're looking at high food prices and we're looking at a looming recession. so debt is one small piece of this larger puzzle. a big puzzle . it is teddy. thank you very much for the novices now to some of the other is the stories making use switzerland's highest criminal court. his find

credit suisse more than $2000000.00 euros over a money laundering case. it found a cocaine trafficking, gang from bulgaria, had used the lender to conceal the origins of it's a legal income. prosecutors see this as a test case for taking a tough a line against swiss banks. and there secrecy. inflation is putting pressure on germany's peak population. it's fallen 10 percent since last. gates were about 22000000 animals and the lowest since 1990. 5 has blamed the rising cost of feed and energy. it could mean pricey, a german sausages and ecuadorian president. yes'm, allah! so says he'll lower the price of fuel. it's a victory for thousands of protesters who took to the streets in the past few weeks . demonstrations brought many parts of the country to a standstill, costing the weak economy around $50000000.00 a day. to meet global gas demand, argentina has increased fracking in the 2nd largest deposit of shale gas in the

world. the residence of a nearby village say it's causing earthquakes and serious damage to their hopes. until recently, the 150 families of the village of south alden nieto, an argentine had been living in peace and quiet. but that'll came to an end. when the year began. a resident shows us his house cracks started to form in the walls. glenn, one morning farm of his empties and on the part i discovered this one, several meters long modal global committee experts should have been here long ago to determine whether this house needs to be demolished or if as another solution like for this war which was split by the strong tremors. and what do you know, city of what the miller couldn't glue a little more. you mean them the cracks are due to earthquakes, which have recently been occurring more and more frequently. the locals claim the shakes caused by shale gas extraction. a short distance away, it's the 2nd largest deposit in the world. fracking was stepped up following the

invasion of ukraine to cover the west's increased demand for natural gas argentina's precedent. alberto fernandez hopes the huge gas field called vaccum water or dead cow, can be a way out of the severe economic crisis that plague the country for years. remo extra credit done and delivered to bludgeon tina's problem is the lack of infrastructure to transport, not just gas, but also crude oil. all of the, above all, there are no pipelines to bring the gas from the vaccum wet field to river pawns, dinner indulgent. tina did not invest in the necessary infrastructure in time life and now can hardly step in to replace gas and oil produced in russia. edwardo own about a bit middle good video to blue say in russia. fernandez said during a recent visit to germany that europe should help with the construction of pipelines and liquid gas terminals. experts believe that countries such as argentina and brazil should become a focus of europe's energy supply because of the war in ukraine. because the

provincial government hasn't helped him so far, residents of sell south benito were documenting the damage themselves. submitting evidence to national authorities in hopes the government will finally support them by their momentum. at any moment. they could be an even bigger earthquake than a house. we'll just collapse in on itself. ascentis is not an isolated case. every one here has cracks in the house. oh, he w corresponded how he had gators says at a very brainy g. 7 summit here in germany where argentina is being presented as a business opportunity, not a problem. ask him how problematic tracking is for the lives of argentinians and how opportunistic it is for other countries looking for a new supplier to replace russia. well then of course, aside from the environmental problems that are at hand, literally hundreds of incidents that are reported every year, especially in as a back up with our deposit of natural gas and argentina. the biggest problem with

tracking and argentina for argentinians is that it has so far been a failed promise, a promise of turning argentina into a world power. those were the words of ex president, moto motley, just in 2018, telling people that argentina would become sort of a saudi arabia for latin america. and all of that has clearly not happened. so of course, when people see the investments that are being done, the promises that have been made and the actual results for the countries still struggling economy. fracking really does not seem to be the best solution for it. and also the g 7 is meant to be a club of rich industrialized nations. why then, are they trying to source cheap and possibly environmentally destructive power sources? well then of course, there is a sense of urgency taking into consideration. bad gas imports from russia are to be reduced to they need to replace them. of course,

with other gas imports. that is simply because the infrastructure needed to completely change a power system require time and money. and the sense right now is that there is no time and that there is no money, at least that's what countries get told all the time. and that's why president elemental fernandez from argentina. the current president is lobbying for cheaper and easier access the credits in order to make those investments despite the fact that of course, natural gas is not renewable energy. it still is widely considered the most environmentally friendly fossil fuel. so that might be one of the important aspects of the bigger picture here. of course, for countries like argentina is the fact that for years has happened, it has been considered an unsafe investment destination. that could be change, at least that's the aim of the present. and of many leaders here at the d sat in some other good us reporting forth from a very green looking, but also stormy looking g 7 summit in our la,

terminate. another knock on effect of the war in ukraine as well as the pandemic. a supply bottlenecks around the world. shipping containers continue to pile up at harbours, including one of europe's most important havoc de sophia express is making another stop in hamburg to 330 meter long happen. lloyd ship arrived a few days late because there was no more space in the port. there are far too many containers here. the absolutely full storage space causes ripple effects. that's not the use. this is buffer storage for overflow volume there. but if you wanted the 2nd one from a bottom, we'd really have to think about how to dig it out for you host border and loosen on the answer called the container terminal in hamburg is highly automated. but for some time, he has not been able to exploit this advantage. after the pandemic, it now faces economic uncertainty. this the input bought the containers are usually

picked up after 4 or 5 days before, but now they're here an extra 2 or 3 days hug. and we just don't have the space hum via this. did plats shipping companies are also feeling the consequences. happy lloyd has been closely monitoring it's 250 ships. 3 of them are in the north sea waiting to dock in hamburg. thus, but boy did set means our time tables which are already under a lot of stress are being delayed even more for the ships would normally be returning to asia, but can't go here. customers are waiting longer for their shipments than they would likely it's all in all, it's not a good situation. so kinda soon as it also happy, lloyd is now trying to bring the export containers to the port at short notice. and while importers are being rewarded, when they pick up the containers faster, there's little effect on the vista. you haven't seen a real turn around yet. i expect it will continue this way in the coming weeks. probably all the way through summer dollars, honey,

to tens of motivational ports across europe are now trying to increase space by demanding penalties. but at the same time, hamburg operator hopes businesses and shipping companies will take action. it will, might seal the flow of information, needs to be much better. so we know what has to be done with these containers in advance boxes and an interior regions regardless of the country. space has to be created a production sites to have a buffer of one or 2 days soon, buff on could, but solutions like these take time, and that's something ports don't have as traffic piles up. i doing business with it. do you like it? with do you want it?

okay, then buckle up, put the pedal to the metal, and let's ride with red next on d w. well, there's a small, there are millions of them. and some are classified as a potential threat. asteroid. and now the good news, we're safe for the next 100 years. how to prevent these minor planets, heating earth in the future, sciences on mccain. tomorrow to noon in 60 minutes on d. w. oh.

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