bolden championship, the american had been out injured for a whole year and was making her singles come back at the grass. glad grand slam. she lost in a final set tiebreaker to france's harmony tan after a dramatic match. the 40 year old williams was targeting a record equal in 24th grand slam title. and that's it from me and the news team from all of an update for you at the top of the hour. don't go away. don't robots is next to you. has your business news and don't forget there's always a website w, w dot com, god office. ah, people in trucks injured when trying to flee the city center. more and more refugees are being turned away. families on the reason for the credit on it is with demonstrate people seeing extreme

ross getting 200 people around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines, ah, ah, the g 7 vows to end its dependence on china. after meeting in germany, world leaders condemned beijing's trade practices. are they right to accuse china of distorting markets? meanwhile, the you discusses when will be the end of the road for combustion engine cars?

it's an issue that splitting european governments 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 economies accuses paging of deliberately distorting markets. g 7 members or so place to reduce their strategic dependencies on china as 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 tele,

australia. teddy via 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 ex border and dumps cheap 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 would 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 the 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 a bit more about the united states and its relationship with china, because today we've actually had yet more firms put on the us black list to trade black list 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. a 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 spin, complying with restriction, but it seems the, these 5 companies have not okay to the australian 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 dominant there. many african countries are heavily indebted, debating for capital they needed to expand the infrastructure. they've become financially dependent and repaying the immense debt is proving difficult. a farm in tonya africa's largest producer of avocados. these are right 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 fucking out of our china. we did an emerging market as a hypo condition means that you hover a market, it is so hard to satisfy. and with that, you know, you can be able to encourage, grow us to leave in continuous pending either that or chance. 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, the thought a little bit like for you, we do not are required to do the inspection. we only do the exit inspection. but now for the chinese, we need to do a 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 are 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 fates of the traditional combustion powered car environment ministers have been meeting to discuss

a french proposal to ban new petrol 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 and i corresponded marina strauss has been following developments in brussels and gave us this update. as always, when 2070 a member stays 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 arrived this morning . they both said we will vote yes, we want to band combustion engine by 20 of $35.00 at the french minister even said this is an issue of credibility for the european union. then we had the polish environmental environment minister and she said, no,

it's far too early. our population is not ready yet. our industries are not read yet. and then we have romania bulgaria, and they want to postpone the date to 2040 marina strauss and 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 foggins electrify america vehicle charging stations. it'll become a minority investor through his financial services arm and take a seat on the schemes board. siemens says electrify america is part of a much larger investment is making in electrification markets this month, u. s. consumer confidence dropped to the lowest level in more than a year, as inflation dampens american views on the economy. according to a new survey, consumer prices rose at the highest pace in for decades. in may, u. s. fed plans to increase borrowing rates also likely to delay big item 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 surveyed 21 countries in places like france and switzerland. price increases have been moderate to to nuclear power, and less dependency on russian oil. on the sir lankin government is opening up, is nationalized oil industry to oversees competition. the cash strapped country is in desperate need of crude supplies, as it passes as severe economic crisis on mondays announced a 2 week ban on sales of pachel hunt diesel to protect its emergency reserves. our 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. 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 selling 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 kilo suddenly, it's only 800 grams has been around with. in the case of these wafers, the weight has been reduced by nearly 38 percent. what

do brazilians think? everyone we talked to is outraged our found the reduction in small print on the packaging. that's bad. ready? i. so he go, well either way, this is how industry makes profit. it's capitalism, capitalism. well, but not because it's bad for us consumers and why we're buying less anyway, because of inflation. for gail brother sacrificing leases races, calling for action to protect consumers who support the stadium. all of these products should be offered and separate shelves as 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 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, less valuable, sol, tomlin was full in addition to weight reduction by some companies degrade the quality of their products invasion this sucker. fair thing that coffee, for example, is often stretched with plant residues. i did the or gob, and little stones. why did the at the bad that it, that he thought i that he will tear squeeze us 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. either way dot com slash business the next time. ah, in good shape. antibiotics, shots to lose weight medicine for women and men. we pop appeal here, takes the medication there, but not all treatments work, how they're supposed to be with what really helps. and what does more

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