assemble, city, it, lack of expert, say, decades of global warming have likely we can to glazier italy is experiencing and especially hot summer this year. this weekend. so record temperatures, lack of snow in winter, has compounded the problem, leaving the glacier without protection from the summer sun. you watch, and he w news, my colleague, janelle jamal young as of next with dw business news, i will see you tomorrow for her again, that i think that's hard and in the end is a me, you are not allowed to see you anymore. we will send you back. are you familiar

with this? with the smudges were lions as a beef. what's your story. ready he wasn't on women, especially as victims of violence in a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor now the guests. you want to become a citizen. in phil migrants, your platform for reliable information ah, a historic talents. that's how german chancellor olaf solids describe the worsening cost of living crunch in the country. he met with business representatives and trade unions to hammer out of crisis planned for europe. biggest economy.

also on the shelf turkey 2 is feeling the pain of inflation experts. a prices have risen much higher than official estimates. so do normal turks will hear from them shortly. and staff shortages are dragging down what should be a summer of recovery for many restaurants and hotels in europe will visit madrid. this is the w business. i'm janelle de marla on welcome food and energy prices are climbing in germany. some business leaders are calling today's inflation the toughest economic and social crisis since german reunification. 30 years ago. the countries chancellor met with trade unions, employers, and scientists on monday to figure out an action plan. it's the perfect economic storm vegetables and grains a 10 percent more expensive. the price of petrol at the pump is up 50 percent. the

cost of gas and electricity as more than tripled within a year. the average german consumer is feeling the pinch with many having to cut costs. never. com. mm hm. i'm already aware of it because i'm on maternity leave right now. and on a limited budget, we need to cut back more and spend more carefully with the house, and we will try that. we'll get through it somehow. people have survived inflation before it will all work out the show versus is, will, i hope that it will come back down on its own, but the situation isn't easy right now, but hopefully there's like as well, i hope so. but whether the government can make a difference, i don't know one that was with it can come by the your advisors that germans are looking again to the government, intervene for some, their income isn't even enough for the essentials. the use of food banks is on the rise, and chancellor sholtes knows that high inflation can inflame social tensions sholtes or sat down with unions and employers to hammer out the next phase of support. he

points out the 30000000000 euros and aid that's already been approved that forgot to live. this includes an increase in the basic tax allowance and employee lump sum, $200.00 euros, one time payment and welfare support. the higher heating allowance for housing benefit recipients, a 100 euros per child along with 20 years each month for children and poorer circumstances, and $300.00 euros energy allowance on that. oh, like you get your stay and we stand before a historic challenge for an average working household, the government has so far offered relief worth around. $1000.00 euros bought the, the less than the burden on private households is set to go well beyond that. that's why we need further consultation on how to reduce the burden. isabella still incline heightened can concrete results are expected to follow in the autumn until then consumers in germany will have to hold out. now, obviously,

germany is not alone in struggling with higher prices. it's been a problem in turkey for much longer. inflation in the country reached nearly nearly 80 percent annually in june. that's according to official data provided by the turkish statistics institute. official being an important distinction here. economists and ordinary turks both say that costs have risen much faster than the government says that a live chin. dick hab reagan is in turkey looking for doctors who'd be interested in working in their practice in munich. it's been, it's my uncle. i flew to anchor from germany. we have a massive shortage of skilled workers. if we can find good staff from abroad, will hit a wall sonton of amazon devante farm. to day, the neurologist and psychiatrist is meeting with osler, or you are a psychologist who hopes to leave turkey as soon as possible. talk to we have many

turkish patients who don't speak much german. you'd be working with them so much and such and understand the moment. it's not easy for turkey to get a visa for germany, which worries me, but i'd like to do it. i don't want to get me the talk still. soon it became clear why she wants to leave that it's a 50 lire for 2 glasses of tea. that's insane. on at the moment, 2 glass is of tea for the equivalent of almost 3 euros for the young psychology graduate. who works in a student advisory office that's unaffordable. and given how empty restaurants and cafes here are these days, she's not alone in that economics of it. i mainly want to go to germany for economic reasons, the same as all the other young people here. we meet face olu, so at a grocery store in istanbul,

the economist calculates the inflation rate every month, based on actual price increases over the past year. not the government's official rate like a can you use until the last year mill cost between $5.00 and $7.00, nero's right shown to 70 years and now it is. smoke is $20.00. it went up long. yes. today unfortunately, the doctor either like a leader of milk for $20.00, roughly one euro 20 loose. i believe that the official inflation rate of 70 percent is incorrect. i shouldn't have it here. use the use a lot of inflation rate is up at 156 percent compared to prices from last year and it will continue to go up soon. the government's official inflation rate will break 100 percent by october or november i. according to our calculations, we're heading towards almost 200 percent you back in ankara,

a live ginger cab reagan is about to meet with someone else. she hopes will join her in germany. var debt good is a professor and practicing psychiatrist professor good hasn't decided yet, but he's clearly interested, even though he earns quite a bit more than recent graduates. one of them is book and that edition i can definitely imagine doing it. i'd like to work in england or in germany. well, i know that standards are very high there, but you shackleton, just one more reason why the exodus of medical professionals from turkey is likely to continue. here is our correspondent, even the hon reporting from assemble. many talks are no longer believe the official data. they think inflation is much higher, so do opposition. politicians and economists who have started to openly question the reliability of the governments of figures on inflation today. a well known and

independent research group announced that turkey's annual inflation, in fact, rose to more than 175 per cent in june. that's more than double the official right . now, all these doubts are adding to people's, of frustration and despair in this massive currency and cost of living crisis. some people have taken to the streets and recent month, although i should add that anti government protest here in the country are very little tolerated. we often see more police than demonstrators, but we went to a protest, a small protest here in istanbul this weekend. let's listen to what people they're told you know little no, don't miss. it will deliver them to them. we have problems paying our rents, our bills and accessing healthy quality food. think good reviews. we're going through a huge economic crisis that shakes all of us ready to go that you'll, you'll love. i have 2 children. the cheese i used to put between their school sandwiches was 20 lira last year. you all but now it's 84 years. and i've had to

start buying cheaper brands, a lot of years do you want to love? but even those are getting more expensive. oh good is it? how can people who are in minimum wage still managed to pay their rent and make a living? because the situation has become so painful for many of us, all people are up their limits. again, to get people in istanbul, they're speaking to our correspondent, you'll johan, now to some of the other global business stories making news for the 1st time, there are no german companies among the 100 global companies, with the highest market capitalization. 15 years ago, there were 7 in the list compiled by consultants at why american companies are still in the lead. 60 of the most valuable corporations are based in the us. germany is road traffic agency is recalling tesla models why and 3 because of a software glitch in the automatic emergency call system. the agency said the bug

effects around $59000.00 vehicles worldwide, but it's unclear how many of them were registered in germany. argentina has an economy minister president, alberto fernandez, has named economists solvina baton his as the successor to martin guzman, the former minister who was key to a 44000000000 dollar debt, re negotiation with the i m. f. resigned after clashes within the ruling coalition about how to handle a growing economic crisis. the summer travel season is big business across europe, even more so after recent, disappointing seasons due to the pandemic. but things still aren't so easy. now, staffing shortages are hitting the service industry harder than ever after 2 years of last income due to the cold in 19 restrictions, muddy venue, rodriguez was looking forward to a busy summer. but now the owner of a popular tavern in madrid as to phase and other problem hiring raiders has never

been so hard. i even at least accommodate, there's an waiters crisis because of all we have been talking about salaries and long hours. but i think this is a structural crisis of the economy in work in spain, not just in the hospitality sector. and if we keep on linking waiters, what will happen in the future is that there will be no bars and flooding. during the pandemic, many workers move to different sectors with better conditions. the spanish service industry had also relied heavily on migrant workers, but many have yet to return. the neighboring portugal. hotels are facing the same issue. they will need to hire at least 15000 more workers this summer to face the high number of reservations. you ask him, i think it's an evil affecting everyone. we are all feeling it a lot, the lack of qualified staff and the high turnover of employees because sometimes we're an extra 20 or 30 euros. they move to another company, salt them for the,

with the, with the prison unions to say, low wages and unsocial howards are the root causes of the workers shortages. but for many young workers, it's also a matter of professional aspirations. who said it had to go out on the street and ask someone, do you want to be a bartender, a waiter or something? and firstly, they wouldn't even know what the specific responsibilities would be. and then they say, well know what, for thanks for watching with do you like it with, do you want it? okay, then buckle up,

put the pedal to the metal and let's ride with read next on d, w. a from air vapor real what sounds like a joke at birth, i can medium started up, wants to make reality soon. find out how they came up with this idea, how it works, and how it will help the environment in tomorrow today. in 60 minutes on d, w o, a little nar, davinci is mysterious masterpiece,

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