living up to expectations after beating rival and close friend tatyana maria, 623661 for face russian born casa player. alanna, we've akina in sat face. fine, but we have for you for now, but stay with us because we have the of you business of next with my colleague, daniel, winter, st. you in for that, we'll have more 5th off the hour in between the w dot. com is where you want to get all your latest news and following us on twitter and instagram. asti, w, news. i'm late with kraft. the nice having with, ah, what people have to say matters to us, or that's why we listen to their stories. reporter

every weekend on d. w. sometimes a seed is all you need to allow the big ideas to grow. we're bringing an environmental conservation to life with learning packs 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 and download it now for free. ah, a shocking new report reveals the extent of poverty triggered by russia's warren ukraine, united nation, saying the disruption to energy and food markets has had immediate. i'm devastating effects on millions of households worldwide will hear from one of the also says the

report and india places its hopes on an electric future for its car industry, a correspondence visit chennai to get more. i'm daniel winter and it's that time again, dw business, 71000000 more people are facing poverty. that's according to a new you and report out on thursday the cause rushes war in ukraine, pushing up the prices of everyday essentials, from grains to oil. families forced to find alternatives, but even that's not always possible. amid a cost of living crisis. in this plantation in been in use, jani or donna, is choosing a batch of cooking bananas. at her meal, she will turn them into plain tain flower. but luckily, produce alternative to wheat flour. her little shop has almost doubled its production since the beginning of the russian invasion of ukraine. iowa dead before the war in ukraine. i produce at least 80 kilos per month. i'm one. but

now i produce up to a $150.00 kilos per month and when the market is on and one yellow, mushy. the war quickly aggravated. the dire inequalities already caused by the coven, 19 pandemic, and climate change over the last couple of years. as a consequence, west africa and many other poor countries are now facing their worst food security crisis since the start of the ward food programs 0 hunger initiative in 2015 to day more than 828000000 people are undernourished worldwide. it's 150000000 more than 2021. it's a die, a reminder of how the rise and inflation and the global disruption of supply chains can drive inequalities affecting 100 of 1000000 of poor people around the world. and george gray molina co wrote that report and he joins us now. thank you very much for joining us,

george. and we had some of it in that report. but can you break down for us, the direct lines that link the war in ukraine to increase poverty around the world? yes. what we've seen over the past few months has been an incredible spiral. rise prices for food, energy, fertilizer products are some of these were happening before the war in ukraine, but we saw spike in the month of march, the month of april. ah, plateauing in the month of may for most food staples. and what we do in this studies tried to analyze the consequences of that price bio because this is happening very quickly. and we found that does $71000000.00 people have fallen into poverty already around the world. ok. and in the report you use this $1.90. that's the, the line for absolute poverty on for low income countries that they can and $1.90 a day to be outside of that a bracket. now that was set in 2015,

isn't this figure now out of date, considering the widening cost of living crisis? yes, absolutely. and in the study we use 3 poverty lines. we use the $1.90. we use a $3.20 a day and also a $5.50 a day. so we, we take a look at higher standards of living because as you've just mentioned, are the, the absolute, extreme poverty line. i is only applicable to, to a few dozen countries around the world. most countries need a higher reference point, which is closer to 320 a day and in many, 550 a day. ok, so what should governments be doing in those low income countries and that the middle and higher income countries where poverty can still exist, even in hiring come countries. of course, what should they be doing right now to stop the spread of this cost of living crisis? in the study we, we contrast the effects of $2.00 types of policy. so many governments around the world are extending energy subsidies, blanket energy subsidies to citizens in their countries. and we contrast that with

targeted cash transfers to people around the world. and we find that cast transfers are more effective and fair more equitable so that more than 50 percent of the impact of a cash transfer will affect the bottom 20 percent of that society. whereas our energy subsidies, unfortunately 40 percent go to the top 20 percent of the population. so they're quite regressive. and there is a political debate about this around the world about using gas transfers versus energy subsidies. so. so we, we land on the side of cast transfers and moving out money directly to the pockets of people on the ground. okay, well, let's hope that, that works out as well because it has been tried and tested many times. and i believe it's been shown that cash transfers can provide a better way for people to choose their own future when it comes to to poverty. i'm thank you very much. george gray molina for talking to us on that report. thank you . now let's go to some other global business stories making use.

volkswagen has started construction of its 1st european factory for electric car batteries. the power co facility in the central german city of south skitter aims to produce batteries for half a 1000000 cars annually by 2025. factories are also planned in sweden, spain, and north america. and for the 1st time in 20 years, the u. s. dollar is nearly at parity with the euro. greenback has jumped to almost 12 percent this year against the single currency analysts credit aggressive interest rate hikes, driven by the federal reserve. and now staying in the u. s. a. u. s. jury has convicted the co founder of foreigners, the blood testing startup, that was exposed for faking test results, sunny bell winey joins, elizabeth holmes, who was convicted on fraud charges for her leadership of the company, which was once valued at $9000000000.00.

of course it now was nothing against quarter's tracking the story for us from new york. hence tell us more about these charges under which sunny ball was found guilty. well daniel, basically there were 10 towns of wire fraud and 2 kinds of conspiracy to commit wire fraud. and he was found guilty on all a 12 of those surcharges. pretty much what it's about with the thoroughness is that the company itself firm actually said that they are going to revolutionize blood testing. but obviously that has not been the case. it was the huge scheme, and they defrauded about a $1000000000.00 from an investor and also from some a patients. and so, so now are we have for this or 12 or count a sentence for above awning. so now that elizabeth holmes has had, and her sentence sunny budwani as well. the 2 co founders,

the 2 key people. does this now finally draw a line under the thoroughness scandal. well, daniel, i fear not. i mean, this seems to be a never ending story. i mean, basically as a whole case started in 2018. now we are waiting actually for the sentencing process. elizabeth home, that's probably going to happen sometime in september. then we are waiting for the 10 thing off of on that's probably going to happen sometime in november. and then it is not unlikely that we might even see an appeal what it comes down to. there was a saying on silicon valley and also the start up the and fake it until you make it . then obviously if you look at their and both hold and bob on it took it definitely too far. so let's see. but i guess this is not the last word that we will hear from this. okay. yeah, says him. so been important interrogation of startup culture as well that silicon valley culture there. yes quarter. thank you very much for bringing us the european

union agreed last week to end the sale of traditional combustion engine vehicles by 2035. now that's a timeline that's also shared by india, e. v. production is picking up there and so as interest, our reporters went to the indian city of china to find out more chenise called india's detroit. i'm a good reason. it's where many of the countries engineers learned their trade from where most of india's autos are built. 25 year old swan a lot to ready works as a systems engineer for one of the country's biggest car makers. it's great news for her family. this means a lot of my family. i'm very happy. like as i don't like just a rule only not, not only sons has to feed their bands. i know destiny also can someone else on the region is booming as an automotive industry. location and it's future is

electric. starting at 2035. india will only allow emissions free vehicles. automakers are gearing up. ready works for india's largest automobile manufacturer . my hindrance is already a pioneer in india in electric $2.00 and $3.00 wheelers. it also has its own electric cars, and more models are to follow. he switched up the leak is the cost of diesel is very, very high. and the reason the of these and is it is causing all 100 rupees for later. and that's that i have not seen in my life time. so it is pushing the electron mobility in the toilet and busty on the 3 will industry very, very fast. it is happening now. elderly. the toilet industry is growing at a dead rapid base. i, i believe for 40 percent to 30 to 40 percent. if you can expect to buy another 2 to 3 years, german manufacturers like b m,

but you are also producing in chennai. there building 12 different car models, including 3 electric vehicles. v w is partnering on e car technology with my hinder, which will make it the largest customer for v w e technology worldwide. sworn a lot. the ready spotted the trend early on and specialized in electro mobility. that's been a boost for her family and it's also when for chin i, the region is expanding rapidly as a manufacturing location. and it's a magnet for young engineers. and early a, d. w. sharon carter k and delhi told us more about this booming market. the market is big and india is going all out and big on ease. in fact, according to an estimate is expected this fiscal anywhere between 800002900000 electric vehicles will be sold across the country. that's

a big jump as compared to what the situation was in until about just 3 to 4 years ago. of the cars that are affordable as well. there's a subsidy. the central government offered a subsidy and has several plans and several state governments also offer their own subsidies. in fact, just yesterday there was an announcement at the g s t on leave here. mind batteries has been reduced from 18 percent to 5 percent. so the policies keep getting tweaked to give more and more in peters to the, in the sector in india. time for us to pack up. we're done and job to date where the d. w. business. thank you very much for watching. is the end of the pandemic in site. we show what it could look like. return to normal. and we visit those who are finding it difficult.

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education, he's still a privilege. hardy is one of the main causes some young children work in mind. trav instead of going to class others can attend classes only after they finish working with millions of children, all over the world. can't go to school with them. we ask why? because education makes the world more just make up your own mind a d. w. made for mines with it like playing with fire cove. it is a threat to many people's livelihoods, and yet most optimistic, like the spy artist, his life was turned upside down in the pandemic.