again, as it was for the mama america press, one cesar of the mother has lost her son to do it. and then there are the 2 close friends. it's really tough and do what up with role and with bad weather hampering the rescue efforts, the chances of finding survivors are getting even slimmer that brings you updates on the will use. i. ben, fizzling. business use is up next with beasley. folks to grab a bite with hello guys. this is the 77 percent. the platform for africa's you to be beat issues and share ideas. you know, all these channels,

we are not afraid to document delicate coffee. young people clearly have the solution. the future belongs to the 77 percent every weekend on d w. ah, what people have to say matters to us. mm. that's why we listen to their stories. reporter every weekend on d. w. ah, the euro touches a to decade low against the dollar on new recession and energy fears investors in asia. meanwhile, see a glimmer of hope. the u. s. is considering setting aside some tariffs on chinese

consumer goods. also on our show can germany keep worker wages in check? mid rising prices will look at what the government is telling, unions and industry groups. and prices are rising fast across europe will take you to the country where they're rising, the fastest blown welcome to the show. i'm seeking, beardsley in berlin. it's good to have you with us. the euro touched a 20 year low against the us dollar in early trading. tuesday, following new concerns over an economic slowdown, the euro reaching $1.03 a level not seen since the end of 2002. behind the slide as a new purchasing manager survey published by s and p global on tuesday. the showed a 16 month law, low in overall confidence, and worry about gas supply in germany and a strike by norwegian gas workers, or adding to that cloudy picture. or a regime biswas as chief economist for the asia pacific region at s and p global

market intelligence. he joins me now from singapore. roger, good to have you on the show. it is a turbulent picture for markets right now, and it may depend on what region you're looking at. can we really say what direction things are moving it? is it the direction towards recession? i think it really, as you say, depends on which region you're looking at. certainly the technical indicators in the u. s. are signaling that the u. s. may and her recession as early as in the 2nd quarter 1st quarter g d, p was negative in the u. s, and a lot of the high frequency indicators are signaling to the 2nd quarter males. so to pin ter, negative territory, which would then create a technical recession. but when we look at the, the situation in the asia pacific, many of the indicators of such as the s and p global peak purchasing manager index

survey indicators for many of the countries in the asia pacific are actually showing expansionary conditions and some very good news i came out this week with china, purchasing manager and numbers pityingly, the services sector, which showed us to rebound in june. so that signalling and asia pacific momentum is still quite positive on that topic. today, markets in asia, up on this, the increased possibility that you as president biden, may set aside some chinese tariffs to lower the prices of certain u. s. consumer goods. how important would that be for both markets and of course, for the businesses in that region. i think so when we look at from the u. s. point of view, of course, they're confronted with very high inflation, the highest and many decades. so i think the biden administration is considering

rolling back some of the trump ero tariffs and letting them expire. i'm quite a number of these terrorists are due to expire, either this month or in the next couple of months. so that would be an opportunity to reduce tariffs on chinese consumer goods. iowa. i drove areas and that would help to reduce or at least marginally inflationary. pressures in the ross and of course for china that would be good news in terms of boosting their exports as well. and it does have positive implications for other countries in asia. because manufacturing supply chains in asia are quite integrated. for example, chinese products. i have components that come from south korea from japan, from southeast asia. so what's good news for exports from china is also positive for other countries in asia pacific. all right. raja is was with s and p global

market intelligence. thank you very much. thank you. rising prices are cutting into work or paychecks. it's not a surprise then that labor unions want to account for inflation in new contract negotiations. leaders in germany would like to avoid a wave of such wage hikes. that's why they met with union and industry leaders on monday. 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 is more than tripled within a year. the average german consumer is feeling the pinch with many having to cut costs. never cognizant. i'm already aware of that because i'm on maternity leave right now and on a limited budget, we need to cut back more and spend more carefully. was the housekeeper. we will try

to, we'll get through it somehow. people have survived inflation before it will all work out the helpers of israel. i hope that it'll come back down on its own. but the situation isn't easy right now, but hopefully this like as well. i hope so. but whether the government can make a difference, i don't know, and that was with it can come by the your advisors, this germans are looking again to the government to 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 unlikely that 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, and i get your stay in for a stand before a historic challenge multiple for an average working household. the government has so far offered relief worth around $1000.00 euros. but the less than the burden on private households is set to go well beyond that. and that's why we need further consultation on how to reduce the burden below incline height. and then concrete results are expected to follow in the autumn until then consumers in germany will have to hold out. now to some of the other global business stories making headlines. china is considering dipping into its strategic port reserves to rein in prices of the staple meet. that's according to the country's top economic planner. port prices in the world's 2nd largest economy spiked late last month with the meet selling for 32 percent more than in june 2021. as market supplies dropped,

soft re and inflation in june had its highest level since the asian financial crisis. more than 2 decades ago, the consumer price index rising 6 percent in june from a year earlier. that's the fastest since november $998.00. the entries has fanned expectations of rate hike. german authorities have approved plans to construct the countries 1st liquefied natural gas terminal and williams, harvard on the north sea coast energy supplier unit. her says construction will begin immediately and is expected to be completed by the start of 2023. estonia is by many measures the wealthiest of the 3 baltic states a currently, it has the highest inflation in the entire euro zone, or correspond killian buyer reports. did a para, with a warm greeting under linda invites her next batch of guests into the museum where she is working. no stick a little to honda, the 78 year old former artist speaks for languages and has

a deep interest in history. may be under that on summer, but she's not here by choice. rising living costs have driven her to pick up a summer job. o. c. e car, he not the every price increases. scary in a sense. i have tried to live frugally so as not to give myself even greater fears than the price increases already create. so this job is very necessary. the picture . yet there gave me none. required prices have been on the rise for months across the u. the war and ukraine isn't helping but it's estonia that ranks above the rest. inflation rocketed to over 20 percent in may 2022. the countries building industry has been especially hard hit. higher energy costs and the effects of war sanctions have made building materials grow more expensive on these workers are constructing a 150000000 euro building complex in talent center. it's price has risen

significantly if you are building department said that it means that every apartment will be 20 percent more expensive for anybody who wants to purchase it. estonia central bank expects inflation to begin slowing in 2023, but says prices for consumers will remain high for years to come. at the moment it's mostly i have poor people who suffer more because these kind of costs and take up a larger part from their monthly expenditures. people like on a linda. she doesn't profit from rising wages because she's on a government pension. this means her disposable income remains unchanged while the price of living climes. she's had to adjust my sock. when i can buy expensive food,

i need to look at the price, especially better. the price difference is can be quite large. but i don't want porridge without butter, my weight, my, the harpoon and a linda says she's trying to eat less and use as little electricity as possible. ah, she hopes that prices will go down some day. in the meantime, she's left to tighten her belt. well, you've probably heard of sniffer dogs, highly trained animals that can detect legal drugs and other contraband in australia. some dogs are now being trained to add a few cents to their repertoires, usb sticks. microchips, even cellphones. the idea is to combat cyber crime. in the drawer, good girl, well done. this clever dog has learnt a new skill using her incredible nose to sniff out

a usb stick hidden in this training room and cambra. it doesn't take her long to find it inside a coffee machine. these dog specifically tied up those items that might otherwise be missed in a search. if someone is involved in crimes like child pornography or terrorism, they're not going to have this stuff on their laptop where investigators can easily find us body. that's where the dogs come in. oh good girl. we require the top one percent of dogs that will say through the program to succeed in this discipline. yes. good. go to pick from as young as 9 weeks old for a strenuous training program. how exactly they're trained to sniff out digital media that carries a memory like u. s. b devices, sd cards. and cellphones is kept secret to go from morning to afternoon and some not shifts there as well too. and it's been about

a 3 month process to just get these dogs out and working. ah, and the reward for their hard work at the end of the day. a simple game of tug, there are only paycheck is to get a big play in a big game. they end up doing something right. leaf 9 dogs are working all over australia. so far they found 328 items, helping solve crimes, to or in training. this force is given, criminals pulls for thought and i said if i come, you funded, right? that's it for me. and the dw business team find out more online d, w dot com slash business ross on youtube or the deed of news channel. there's like watching filling houses from air vapor real what sounds like a joke at birth. i can medium started up,

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