ministers in senior aides have quit over the last 2 days. and russia stepping up. it's a tax on ukraine's eastern don. yes. region the governor, they are urging the remaining 350000 residence to flee. you're watching the w news, my colleague, janelle kamali on as of next week w business news. i will see you tomorrow with i. she's got it all say what great

sometimes a seed is of all you need to allow the big ideas to grow. we're bringing environmental conservation to life with learning like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free. oh, our natural gas and nuclear energy, sustainable european union, lawmakers have decided yes they are. but that though it faces serious push back

all. so on the shelf demand for you asperger's. remain strong despite recession. fears are wall street correspondent tells us why this is the w business. i'm janelle de mala on welcome here appear in law makers have voted to consider natural gas and nuclear energy as climate friendly sources. that means investments for new nuclear power plants and you class fired power plants can be labeled green. the new rules are meant to raise private financing to help the european union, the it's 2050 climate goal of net 0, greenhouse gas for miss emissions. excuse me. but the issue has divided e con, trees. germany for one was strongly against the plants. but unless the qualified majority of e u member states decided to reject them, these new rules will automatically apply from next year. it's

a move environmental. it's have opposed for months. they're particularly concerned about the classification of nuclear power as sustainable. that's due to the radioactive waste. it generates critics and parliament say it's a political decision, not a science based one. and they are calling the decision, green washing. yes, every child to day knows that nuclear power is dangerous for people and the environment. nuclear waste will pollute future generations for hundreds if not thousands of years. in terms of carbon dioxide emissions. nuclear power plants do similarly well to solar. but gas fired power plants have much higher c o 2 emissions. nevertheless, they too are now seen as sustainable by the e. u. it's a decision with real consequences as green financial funds can now include nuclear and gas companies,

handing them investment they can use for the construction of new power plants feed . all the use knocks xander was following that debate and strossberg. he says the result was closer than some had expected. in the end, the parliament was just about 70 votes. shy of blocking. the commission's proposal on the you. taxonomy effectively putting a green label on nuclear energy and guess now the eel taxonomy is supposed to serve as a classification tool and help investors determine and identify green areas of investment in this case, in energy and supposed to help the european union member states become climate neutral by 2015 now, including nuclear and gas in this youth actually was heavily criticized, not just by environmental groups, but also by lawmakers across member states and across party lines. many have said that nuclear and gas cannot be deemed sustainable and cannot receive this free

label, so to speak. but then others said that in that light of soaring energy prices across the continent, leg of the situation we are in right now. these energies are necessary as practitioner tools and should receive the same label. now on gas another, she became apparent since the proposal was 1st publicized at the end of last year. that is that it's heavily reliance on russian sheep available gas. some critics say that this taxonomy was proposed in a different geo political reality, and it is no longer feasible today. now, despite all the criticism, this taxonomy will come into power automatically at the beginning of 2023 unless member states object without comics. the w max sander there. meanwhile, nuclear power has been given a boost in south korea, which now plans to increase the portion of nuclear in its energy,

mixed from 27 to 30 percent by 2030. the country's new president unit, so keel made expanding a nuclear power, a key pledge of his campaign fowling to boost investment and revived south korea status as a key exporter of safe reactors. interest in nuclear energy is growing across asia . in particular, in south east asia, where demand for electricity is set to triple by 2050 countries, there have growing populations and they're aiming to further industrialized the economies. dw susan hand told us why they're seeing the nuclear as an answer. curly south east asian countries do not have active nuclear reactors, but the situation may change. since the end of may, indonesia, vietnam, and the philippines have expressed their desire to have nuclear power to meet the growing energy demand. and get rid of the depends on fossil energy, se asia imports 40 percent of his energy and curly relies on the middle east for

oil and gas with australia as the main source of coal imports. se asia energy's 80 percent fossil energy, the remaining a renewable energy sources are merely hydro power. in this context, atomic energy becomes very attractive. now to some of the other global business stories making news, the french government is to fully nationalize the energy company e d. f, that's as the highly indebted firm struggles to stay afloat due to a series of costly nuclear reactor shut down. the french, they currently already owns 84 percent of e d f, which is one of the world's biggest electricity producers. the norwegian government has intervened to end a strike by offshore oil and gas workers by imposing a settlement with energy companies. the decision comes amid concerns that the strike could up and the countries gas and oil output to the you were sitting,

europe's ongoing energy crisis. german industrial orders rose by point one percent and made eating analysts expectations of a sharp downturn. despite the good news of the economy, ministry still warned of strong headwinds in the near future. due to the ongoing war in ukraine and the threat of a disruption in russian gas deliveries. us job openings remain high in may, according to fresh data released to day. while vacancies did drop, they were still at over 11000000 in may. that points the possibility that the federal reserve will keep a pushing interest rates higher. the fed is hoping to tamp down on demand for labor in order to bring inflation down. us inflation is currently close to 9 percent for a more, i'm joined by your financial correspondent in new york. teddy austro study. when

you think of a recession, you'd think that workers would be running towards jobs. why has the labor market remain so tight? just janelle, well, despite the warning signs of a recessionary economy, we do still have an extraordinarily tight labor market. as for why, why i think this story is like a lot of stories these days. it's about the pandemic. think of the labor sectors that are the tightest right now. they are the same sectors that were hit incredibly hard in 2020. we're talking about services, accommodation, health care and education. these are the essential workers, the front line workers who had a really tough time. they died, they got sick, their families got sick and what we're seeing is that workers resolving worker. so we're weighing the risks and we take our lives over a jobs and the companies that were able to entice their workers back while they entice them with higher wages. that's why we've seen such high wage growth. so does

that mean that the high demand for workers necessarily translates to favourable condition for those workers? well, worker is actually are having a tougher time than one would expect with such a strong labor market. actually, unfortunately, inflation is eating at those wage gains. i was just talking about workers are still suffering under high gas prices under high food prices under high prices across the economy, and we're seeing them actually fight back. this is a sign of their discontent. we see a resurgence in the american labor movement organizing it. companies like amazon as well, starbucks and apple. so workers aren't having the best time at the moment. but briefly study, there are some signs that demand. well cool. yes . we are seeing some signs job openings. they're down from their high of 11900000

to quit rate. well, that's actually going down to lay off when we're gonna have to wait for new numbers . v as the tech sector, just got hit. we're seeing layoffs. we just got hit by the federal reserves interest rate hikes, but whether or not the cooling of the labor sector will tamp down on inflation. and that's one question. but certainly, if the fed continues to increase of interest rates, well, we're definitely going to see a cooling labor market. teddy australia, thank you very much. the last years i've seen dozens of vineyards in the south of france bought up by chinese investors. we visit one couple was taken the lead from advising wine investors from china to running their own vineyard. dis renier in corby at region into sato. france has the chinese touch damping. go and shoot. gao left china for france 2 to 6 years ago to build a new life. now they work together e shuttle or busted producing wine. ha,

but it wasn't always easy for them. i said, i lived in this region, it was difficult for them to be accepted. he said that madam gar approved to be simple, honest advocate that she put she could run away dimension and do some good. this at all. if you starting out as advisors for chinese firms investing in french vineyards, the girl couples started their own 7 years ago. they wine is now sold in tub. clos, restaurants. guess if i developed a commercial part of the business, that's my job. i put it this way. now the influence of cold beer wine has reached everywhere, bought in france, and the whole world. all calls will see down go telemundo, damping girl has no plans to retire. she's committed. the next servant. the girls are working to make shuttle or busted a fully organic winery. and finally,

it's one of the symbols of european unity and it's for sale. the sculptor of the euro symbol has stood near the former headquarters of the european central bank in frankfort since 2001 that was before the euro. coins and bag notes for even issued . but the bank has had to pay thousands of euros for maintenance like repairing vandalism. and now the foundation that owns it says it's had enough. it set up a website for anyone interested in taking home the 14 metre high, 50 tons symbol. maybe get some help. that's our show. thank you for watching. mm. with the threads illegal dumping and destruction of livelihoods and indigenous tribe in brazil, fighting for the right to exist, the land of

a cody bona is legally protected. but the state does little to curtail illegal loggers an trespassers. now bacardi puna are suing the government. global 3000. when the next on d w. ah, they're volatile in times of crisis. bread and gasoline. high prices for fuel and staple food or a button on the world's population, hunger and poverty threatened to disrupt society and how can we stop the scales? and what options do politicians and business leaders have made in germany? 60 minutes on d. w. o

t. please listen carefully. don't know how with today. ah, feel the magic discover the world around you. subscribe to d w documentary on youtube. ah, ah. in an effort to.