checks 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 flow. 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 u. s. 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 rushing biswas as chief economists for the asia pacific region at s and p global market intelligence. he joins me now from singapore, russia 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 us are signaling that the u. s. may enter a recession as early as in the 2nd quarter. first quarter g d p was negative in the u. s. and a lot of high frequency indicators of signaling the up the 2nd quarter males. so to printer, negative territory, which would then create a technical recession. but when we look at the situation in the asia pacific, many of the indicators of such as the s and p global p purchasing manager index survey indicators for many of the countries in the asia pacific are actually

showing expansionary conditions and some very good news or came out this week with china purchasing manager and dates numbers pityingly. the service to sector for china showed us huge rebound in june. so that signalling done in asia pacific momentum is still quite positive on that topic. today, markets in asia, up on this, the increase possibility that you as president biden may set aside some chinese tariffs to lower the prices of certain us 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 a quite

a number of these tariffs 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 have 2 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 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 as more than tripled within a year. the average german consumer is feeling the pinch with many having to cut costs. never called us i'm, 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 ours, we will try to, we'll get through it somehow. people have survived in place before it'll all work out the helpers of israel. i hope that it will 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. one that was was i can come by the unified as 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 a sat down with unions and employers to hammer out the next phase of support. he points out the 30000000000 euros and 8 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. but 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. he's a blessed incline heightened concrete results are expected to follow in the autumn until then. consumers in germany will have to hold out and 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, south korean 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 1998. the entries has fanned expectations of rate hike. german authorities have approved plans to construct the countries 1st liquefied natural gas terminal in vill help javion 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's working. no, stay get on to honda. the 78 year old former artist speaks for languages and has a deep interest in history. may be on the down some out,

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, but yet they gave me none required. ah, prices have been on the rise for months across the u. the warn ukraine isn't helping but it's estonia that ranks above the rest. inflation rocketed to over 20 percent in may 2022. ah. 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 talon center, it's price has risen significantly. if you are building apartment

7, it means or 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 of 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 differences can be quite large, but i don't want porridge without butter. in 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 illegal 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 growth. good girl, well done. this clever dog has learned a news, gil, 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 target those items that might otherwise be missed in the search. if someone is involved in crimes like child pornography or terrorism, they're not going to have this stuff on their laptop or investigators can easily find us. that's where the dogs come in. oh, good gil. we require the top one percent of dogs in the city through the program to succeed in this discipline. yes. good. get to pick from as young as 9 weeks old for a strenuous training program. how exactly they're trained to sniff out digital media the carries a memory like u. s. b devices, s d cards and cell phones is kept secret to go from morning to afternoon and night. she's there as well too. and it's been about a 3 month process to just get these dogs out and working and the reward for their

hard work at the end of the day. a simple game of tug their only paycheck is to get a big play in a big game. they end up doing something right. at least 9 dogs are working all over australia. so far they found 328 items helping solve crimes to are in training. this force is giving criminals pulls for thought, i know, you know where it is satisfied coming. right. that's it for me and the dw business team find a more online d w dot com slash business ross on youtube, or the deed of news channel beers like watching ah, with

ah ah, do you like it? with do you want it? i love it. okay. then what go up put the pedal to the metal and lets ride with read in 30 minutes on d, w. violence and abuse was part of daily life in the cold, colonia digney bad, and she, li, decades of human rights violations. isolated from the outside world. the perpetrators are still connected to politics and businesses. the victims have been

ignored and forgotten the long silence. colonia digney, done in 75 minutes on d. w was making the headlines and what's behind them. dw news africa. the show that schools, the issues in the continent, life is slowly getting back to normal. you well, the streets to give you industry reports on the inside of our cars. funding was on the ground reporting from across the continent and all the trend stuff. the mazda u. t. w is africa every friday, only w leonardo da vinci's, 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. was there

another symbolic meaning to this beautiful painting that perhaps we just don't understand? the search for answers starts july 7th on d, w ah ah, this is e w. news line from berlin, russian shelling of eastern ukraine increases cities in done yet come on to crowding attack. residents flee as ukrainian forces setup new defensive positions. also on the program rescue workers in italy, continue the search for high cuz missing after a glass fair collapse. but pope's.