22 time grand slam champion was supposed to play. nic carry us in the semi final, the australia now go straight through to sundays final. he'll face other the defending champion of chalk of it, or britons, cameron murray. and his reminder of our top story. former japanese prime minister shinto abbe has been earliest at the hospital after being shot in the back during 8 campaign event. the suspect, a former member of japan's navy, was arrested at the scene. that's all for now of next to is dw business. i'm pabo, did he as for me, in the team here in berlin, thanks for watching. so you got the top connector. sometimes the b i t t. the highlights for she knew in the book every week. not the mob will you become

a criminal. m. franklin may all ready know who's come to talk with him about hector's, paralyzed me to your societies. computers that out some are you and governments that go crazy for your data. we explain how these technologies work, how they can go to woodson for green. but how they can also go terribly, watch it now on youtube. ah, a shocking new report reveals the extent of poverty triggered by russia's war in ukraine. united nation saying the disruption to energy and food markets has had immediate. i'm devastating effects on millions of households worldwide. for here

from one of the authors of the report and india places it's 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 toil. 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, yano dano is choosing a batch of cooking bananas. at her meal, she will turn them in to 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. i will add 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 one yellow machine, the war quickly aggravated the dyer inequalities already caused by the covey. 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 in 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 are 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 the studies tried to analyze the consequences of that price viral because this is happening very quickly. and we found that $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, for low income countries that they can and $1.90 a day to be outside of that bracket. and 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 that $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 a few dozen countries around the world. most countries are 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? evening 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 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 cash 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 cash transfers versus energy subsidy. so, so we, we land on the side of cash transfers and moving 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, at 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. and 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 thoroughness, the blood testing start up 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 quarters tracking the story for us from new york. hence tell us more about these charges under which sunny budwani was found. guilty. well, daniel, basically there were 10 crowns of wire fraud and 2 kinds of conspiracy to commit wire fraud. and he was found guilty on all a 12 of those charges. pretty much what it's about with the thoroughness is that the company itself and actually said that they are going to revolutionize blood testing. but obviously that has not been the case. it was a huge scheme, and they defrauded about a $1000000000.00 from an investor and also from some a patient center. so now we have for this a 12 account sentence for above on it. 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 then, you know, i fear not. i mean, this seems to be a never ending story. i mean, basically the whole case started in 2018. now we are waiting actually for the tenant thing. probably elizabeth hold, that's probably going to happen sometime in september. then we are waiting for the tenant thing of vonny, 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 on the start up the and it take it until you make it. then obviously if you look at sarah know, 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. so seems have been important interrogation of start up culture as well that silicon valley culture that jens 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 chin. i is called india's detroit. i'm a good reason. it's where many of the countries engineers learned their trade, and where most of india's autos are built. 25 year old swan a lot the ready works as a systems engineer for one of the country's biggest car makers. it's great news for her family. and this linda lawrence for my family. i'm very happy, like as a doctor, like i just don't room normally 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 emission 3 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 weakest much the cost of the diesel is very, very high. and the reason the of is and is it is closing 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 under 3 will industry very, very fast. it is happening now. elderly toilet and dusty is growing at a dead rapid base. i, i believe for 40 percent 30 to 40 percent. if we can expect to buy another book with 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. won't allow the ready spotted the trend early on and specialized in electron 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's. cherokee, to k in 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 wasn't until about just 3 to 4 years ago of it, the cars are affordable as well. there's a subsidy. the central government offered a subsidy and has several plans. and several state governments also offered their own subsidies. in fact, just yesterday, there was an announcement that the g s t on lithium ion battery has been reduced from 18 percent to 5 percent. so the policies keep getting tweak to give more and more impeaching to the e 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. it is the end of the pandemic in sight. we show what it could look like. will return to normal. and we visit

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