good equaling 24th grand slam singles title. now, before we go, here's a quick look at our top story. this hour. after weeks of debate, turkey has agreed to support the nato membership bids of finland and sweden, turkish president reggie tie of edwin had previously opposed the plan, claiming those countries harbor terrorists announcement came at a top level. nato summit currently underway in madrid, rob watts, as your business news next. don't forget you can get the latest on our website around the clock. that's d w dot com. you can also find us on twitter and instagram . i mommy and he said, thanks for watching. come have a g t v highlight you every week in your in box. subscribe. now will you become a criminal m franklin?

mayo already know who's with pickers paralyzed between your societies. computers that are some are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now on youtube. oh, the g 7 vows to end its dependence on china. after meeting in germany, world leaders condemn beijing's trade practices. are they right to accuse china of distorting markets? me while the you discuss is when will be the end of the road for combustion engine

cars? it's an issue that's splitting gill or a p and government. and as companies decide whether to pass on rising cost to their customers or how some firms are choosing to shrink their product. instead, this is due to be a business on robots in berlin. welcome to the program. the g 7 summit in germany has ended with condemnation or china's trade practices, a strongly worded joint statement from the leaders of the 7 major economist accusers paging of deliberately distorting markets. g 7 members also place to reduce their strategic dependencies on china. they put it, western nations are becoming increasingly wary of being over reliant on chinese trade in light of the countries failure to condemn russia's actions in ukraine. let's discuss this further with financial correspondent in new york,

teddy australia teddy. the u. s. has long been critical of china's trade practices, but what exactly is it that the g 7 is objecting to? yeah, the g 7 has certainly made clear that confronting china is a big part of its mandate. and we're seeing similar frustrations as in recent years . one of them is reneging on commitments to the w t o, but primarily the overall in dependence of these group of 7 nations on the country. after all, china is a lead exporter and dumps t products all around the world. in here in the united states, biden has made confronting china a cornerstone of its trade policy of its foreign policy and there have revealed, there has been some tensions revealed. of course, there are reports that the binding ministration is going to lift tariffs on chinese goods that were 1st imposed by the trump administration in its trade war with the

nation. but some must say that this would not help the u. s. goal of increasing domestic production as well as increasing competitiveness with the nation. biden has also resurfaced a proposal from last year, which was called the build back better world initiative. it has a new name that has similar goals, and that is for the g 7 nations to commit $600000000000.00 in infrastructural investments around the world. and this is to contest chinese. the chinese is belt and rhode initiative. so what we're looking at are similar frustrations, but also perhaps a similar standstill on what to do about it. we're going to hear a bit more about that infrastructure spending actually on the program shortly. but i want to talk more about the united states and, and his relationship with china. because today we've actually had yet more firms put on the us black lace to trade blacklist over 30 of them, including chinese companies. so what we're sort of companies are being targeted by

the us. yes, it's not only chinese companies, it's companies in the u. e and vietnam, and even the united kingdom, it's companies around the world. 5 chinese companies have been blacklisted. these are tech in logistics companies, which makes sense because this blacklist is for companies that are providing so called entities of concern that is support for the russian military. it's defense and industrial base in its war in ukraine. and this, as you said, is part of a broader strategy by the us in the west to constrict the russian economy through sanctions on individuals on companies and to punish its leader vladimir couldn't. now you, the u. s. has declared that china has more or less been complying with restriction, but it seems the these 5 companies have not okay to the austro in new york for us. thank you. and i said he was mentioning the g 7 nations also say they want to

invest almost $600000000000.00 in low income economies, especially in africa to count a chinese dominance. there many african countries are heavily indebted to aging for capital. they needed to expand the infrastructure, they've become financially dependent and re paying the immense debt is proving difficult. a farm in tanya africa's largest producer of avocados. these are ripe for export. most go to europe, but china is signaling it will buy more canyon of a condos. that's what these farmers are hoping. the fall out of our taina. we did an emerging market as a high population mid south. you have our a market. it is so hard to satisfy and with that, you know, you can be able to encourage growers them to even continue expanding their orchards

earlier this year. can you sang an export deal with beijing to export avocados to china? but sales have yet to take off. chinese authorities insist on strict inspection of production that costs time. the requirement differ a little bit like for you. we do not are required to go and do the orchard inspection. we only do the exit inspection. but now for the chinese, we need to do the orchard, we need to do a park house and we need the fumigation facility can use economy needs. the chinese market. nairobi is borrowed heavily and owes beijing billions now can years trying to offset its trade deficit with china by securing export contracts for kenyan products, such as our ricardo's. but a huge trade gap remains much like it does for other african countries. moving on e u countries are struggling to agree on the fate of the traditional combustion powered car environment ministers have been meeting to discuss

a french proposal to ban new pachel and diesel vehicles by 2035. germany's ruling coalition says it will now back that state what countries opposing the plan reportedly hardened their positions. during the course of cheese days talks, italy has issued a counter proposal. there would see new fuel burning cars, banned by 2040. it has the support of portugal and bulgaria among the remembers. i correspondent marina strauss has been following developments in brussels and gave us this update. as always when 27 ear members days in this. in this case, environmentalists are coming together to decide on an issue. there are very difference, few points, for example, the italian and the austrian. environmentalists are when they arrive this morning they will said we will vote yes. we want to ban the combustion engine by 20 of $35.00 at the french minutes even said this is an issue of credibility for the european union. then we had the polish environments environment minister and she

said, no, it's far too early. our population is not ready yet. our industries are not ready yet. and then we have romania, bulgaria, and they won't ship his poem to date 22040 marina strauss in brussels for us there . now let's have a look at some of the other business stories making news around the world. siemens says it's investing more than a $100000000.00 in folks bargains electrify america vehicle charging stations. it'll become a minority investor through his financial services arm and take a seat on the schemes board seem as says electrify america is part of a much larger investment it's making. in electrification markets this month, u. s. consumer confidence dropped to the lowest level in more than a year is inflation, dampens american views on the economy. according to a new survey is sema prices rose at the highest facing for decades. in may. u. s. fed plans to increase borrowing rates or so likely to delay big items. buying.

germany could turn into an island of high energy prices that could endanger steel, chemical and paper companies. that's according to a new paper from policy institute, said he w, it survey $21.00 countries in places like france and switzerland price increases happen moderate to, to nuclear power and less dependency on russian oil. and the shoreline can government is opening up is nationalized oil industry to overseas competition. the cash strapped country is in desperate need of crude supplies, as it battles as severe economic crisis on mondays announced a 2 week band on sales of pachel and diesel to protect its emergency reserves. a companies around the world are debating how best to deal with rising costs. many of quickly passed them on to their customers by making them pay more. but in brazil, so could shrink flashin has become attractive of choice. where companies downsizing that products to keep prices from going up. rising fuel prices are

a major problem in brazil, especially for cab drivers. i handed my salary keeps dropping because the cab fares stayed the same way. i know have 70 percent less income that did the family product . some supermarket shelves have also become more expensive. other items are sold at reduced weight. these include everyday products like cocoa, rice matches and suites for weeks. now, economist leases race has been noticing more and more products that are subbing at the same price, but with reduced weight any a visual meal thout instead of raising prices because of inflation lee companies are reducing the quantity or weight of the contents in detergent, for example, instead of one chemo suddenly it's only 800 grams, has been homeless. in the case of these wafers, the weight has been reduced by nearly 38 percent. what do

brazilians think? every one we talked to is outraged. our found the reduction in small print on the packaging. that's bad. ready? i so he though, oh eva, this is how industry makes profit. it's capitalism. capitalism. well, but not some. it's bad for us consumers while we're buying less anyway because of inflation for gail, but i don't think how to present leases races calling for action to protect consumers. oh, suppose the stadium, all of these products should be offered on separate shelves. what does some otherwise few shoppers will notice the difference in weight if had them, which is people in lower income brackets, notice at least the researcher says but the reaction is written in a small print, but we usually only pay attention to the price and divide below but if the researcher also warns that there were other kinds of tampering with product during

periods of inflation, it last saw him who sold the timely and was for the in addition to weight reduction by some companies degrade the quality of their product to visit this soccer fair thing that coffee, for example, is often stretched with plant residues. i did the or gavin little stones. why did the at that bad, that it, that it would either you or test quizzes in times of high inflation. it's the consumer who loses out. that's all for me in the business team here in berlin, from ody, head over to our website, see to we'll come flash business the next on the cap. ah, in a globalized world where everything is connected, all it takes is a smart to set things in motion. local

hero show out there, ideas can change the world. global 3000. the next on d, w. o, the world is facing a food crisis. everything is getting more expensive and harder to come bye. what does that mean for the economy? what environmental problems do we need to consider? and what should consumers be concerned about the development and consequences of the global food supply crisis made in germany. in 60 minutes on the w o, a little nar davinci is mysterious masterpiece.

this perhaps the greatest leonardo masterpiece in the collection of the louvre and no, it is not the mona lisa. it is the virgin of the rocks, 2 versions, multiple copies, and a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand today? the search for answers starts july 7th on d, w ah, welcome to global 3000 indigenous people in southern chile are combining old traditions and new ideas.