reminder of our top stories for you, nasa has released the 1st pictures from the james web space telescope, including the deepest ever image of the known universe scientist say the web telescope will help them better understand how the 1st stars and galaxies for this is g, w news business news is up next with my colleague christy watson. i will see you tomorrow with someone else to just t the highlights of selected for you you every week in your a box subscribe. now. in many countries, education is still

a privilege. hummadi is one of the main causes some young children work in mind drafts. 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 we asked why. and because education makes the world more, just make up your own mind. d. w, made for mines. ah, it's a 20 year 1st. the euro reaches parity with the u. s. dollar will tell you what's behind the trend and what it means for americans and europeans. also on the show, ukraine and russia come back to the table over critical grain exports. and a solution can't come fast enough. hunger crisis is growing amid storing food

prices and rising scarcity. and what does croatia think about the euro? it's switching to the currency next year, but not everyone is thrilled about it. i'm christie plaza. this is d w business. the euro reached $1.00 to $1.00 parity with the us dollar on tuesday, continuing a downward trend that's brought it to its lowest value in 20 years. rising interest rates and a relatively stronger outlook in the u. s. have helped few and ongoing dollar rally . meanwhile, in europe, fears of slowing growth when that within the euro zone, driven by the war and ukraine and developing energy crisis, are weighing on investor sentiment. now earlier we spoke to dw correspondent christine montoya, about the 2 currencies. she told us, this is the 1st time in her career. she seemed dollar euro parity. it is the tale of 2 currencies, right. you have as a soaring doll and you've got a sinking euro. of course, the dollars strengthening on, on expectations at the fed is gonna go faster and further in terms of its interest

rate hikes and in the sinking euro. and, and the big issue here is genuine concerns. the fear that russia is going to cut off gas supply and say to europe, and that is going to be devastating. you've got the german economy minister at repeatedly warning on domestic television that the winter is going to be really, really brutal. now, added to that is, of course is consistent trend that we're seeing here in europe of slow growth and high inflation. and so policy makers are lipping to target, particularly that and your zone finance ministers are meeting today in brussels. going into that meeting, they talked about having to address those issues, how to fight those inflationary pressures to ease the burden of european citizens, but also look to stimulate and growth across the years own because that is a big concern. well, for the view from the us, let's bring in my call again quarter in new york now. yeah. and we just heard from christine, we understand why the euro is weak, but can you tell us, why is the dollar so strong right now?

well, i mean, one of the main reason that the dollar is read, talk to because of interest right here in the united states. as we already heard, we see the federal reserve for a very aggressively trying to fight inflation. so just recently, we had the biggest increase of interest rates and more than 20 years. and at the next meeting, we built the another increase by at least 50, if not even a $75.00 basis points. how much the federal reserve is going to increase interest rates from your on also depends by the way on inflation. so on consumer prices, we will get fresh data on that on wednesday. ok, well, what effect is this going to have on the u. s. economy or even the ripple effect outside of that global economy. what can you tell us?

christy clearly has huge effect on many levels. if you look at some emerging markets, for example, countries who hold that in us dollar. i mean for them, it's really painful. if the dollar is going up here in the united states, i mean, the biggest economy on the planet does not so much depend on exports. so therefore, the country can probably resend the higher dollar. but if you look at some of the big multinational corporations here in the united states and they bring their profits back from abroad, so that's going to hurt margin them and to profits on that level. and then what we've already seen here on tuesday, i mean all the commodity, it's oil gold, other commodities them are all actually traded in a dollar. and therefore, we already did see the prices of those come out commodities coming down quite a bit on tuesday for example, alone oil last about 8 percent and value. but that at least is coming at

a trend. i would say that at least some of the commodity prices are calling. well, we'll be checking in with you on this topic going forward. yes, thank you so much. well, croatia is scheduled to switch over to the euro beginning next year with 6 months ago. however, not all creations are excited. some don't want to give up their beloved coon, up and with inflation on the rise worldwide. there's also concern that being part of the euro zone will drive up the cost of living even more. while our reporter fanny for shar reports from dubrovnik, miles and miles of every attic coastline, nearly 20000000 people came to visit croatia in the year before the pandemic tourism is a key source of revenue until now you paid with this the kona, the local currency, but croatia wants to adopt the euro next year. and creations are split with a question of who will benefit from the new currency. this is the place most

tourists, one to seen dubrovnik, the old town. the sun such views from our there are pretty amazing for 20 euro per person, even whoo! coverage guides, tourists from poland, u. k, and canada through dubrovnik. the war and ukraine means hundreds of thousands of russian and ukrainian tourists are staying away. he hopes the euro will mean even better business people will spend more money if it's only euro's own and they are going through is only one currency annually from tourism. and sir, is them sector, is them vast majority of the business and revenue incur asia. but for locals, living in dubrovnik is getting pricey. inflation reached in your record in may 10 point 8 percent. net. i'm not happy. i have a 400 year old pension. what can i do with it?

nothing. the fish vendor says where the euro prices will go up through the because every one will round up prices. he would prefer to keep the coon out. he sang a mom as we well, we have our own currency. if anything, during this unstable times of war happens, if euro crashes, we would have earned currency and the state could function, the relo martin cru stole of h represents the citizens of dubrovnik, right? he fights for affordable housing. you know, you don't have people who would pay rent in the old town. one bedroom is more than $500.00 euros too much for locals. there. everett income, 800 euros. you bright is our old radio catastrophe. inflation is officially just 10 percent. but if you ask people in the restaurants law, prices are already up by 30 percent in as was which of the 3 that said was according to one recent pool. the majority of creations agree that prices will

increase with the euro and only one 3rd believe cray shays, ready to inter used the new currency. nobody can say how switching from the coon to the euro will ultimately affect prices. only one thing is clear, just like this old coon bill from the last century on sale here. the modern coon out bank no to will soon be an outdated currency. now to some of the other global business stories making news. opec, as expecting oil demand to grow in 2023, but slower than it did this year. the forecast is part of the cartels monthly report released tuesday benchmark brent crude prices fell on the news. meanwhile, u. s. president joe biden is visiting saudi arabia later. this week, he hopes to convince opec to increase oil production, spain plants who impose a new temporary tax on banks and energy companies, which would bring in $7000000000.00 euros over the next 2 years. government leaders say part of the windfall profits generated by rising prices must be returned to

citizens instead of quote, fattening salaries of big business leaders. heathrow airport has introduced a limit on the number of departing passengers. as of tuesday, only $100000.00 people per day are allowed to fly out of the london hub. officials say the cap is needed to ensure proper service and avoid disruption. the limit will stay in place until mid september. while ukraine, russia and to turkey will join the united nations on wednesday for a new round of talks aimed at freeing up grain exports from ukraine. that's according to russian media reports. the announcement falls, growing global pressure for more political solutions to rising prices and growing scarcity of commodities like wheat and corn. more nations are warning of urgent food crises and even starvation within their borders. the we crop is mature and ready for harvest here in need. pearl pet bronowski, 400 kilometer se of the capital keys. but as the grain warehouses are filling up,

the war is drawing closer. why soon? there is no good price for our grains discharge facilities refuse to receive them, so farmers have to leave them here. the front line is not far and at any moment, all of this could be destroyed by a bomb or the fields could be set on fire. working in the field is dangerous during war time. farmers are constantly on alert for rocket fragments or projectiles embedded in the soil. and there's a backlog. more than 20000000 tons of grain from the last harvests are still piled up and warehouses. those crews are ukrainian grain cannot enter the international market because ports are blocked. the c route was the most important, but now it is an option, so the demand for our grain as decreased when the report was measure. so some new logistics routes through europe are being developed with europe can't handle the large quantities of grain reproduce that

a lot or kicking. movement of value. ukrainian farmers are stuck with their we and are missing out on vital income. in peacetime, ukraine exports about 30 percent of its grain to europe, 30 percent to north africa, and 40 percent to asia. oh, cool. finds a solution, whole open support. because result open in ports. i don't sees it, the ukrainian formless will sort and it feels to if ukraine and pharmacy will not survive, will and be able to feed to african conscious. even if current grain stocks could be moved, experts warn that this year's wheat harvest in ukraine will be meager, a coming european heat wave threatens to cause a major drought piling further pressure on ukraine's farmers. and here's a reminder of the top is no stories were falling for you this hour. the euro

reached $1.00 to $1.00 parity with you as dollar on tuesday. continuing a recent trend that's put it at its lowest value in 20 years. rising interest rates and a comparatively stronger outlook in the u. s. have helped fuel and ongoing dollar rallied. ukraine, russia and turkey will join the united nations on wednesday for a new round of talks about freeing up grain exports from ukraine. that's according to russian media reports. that's our show for more check us out a d, w dot com slash business, and the dw knows you chose channel. thanks for watching. so they fled because they reject cutie and his war russians in georgia. more than $40000.00 russia is found refuge in neighboring georgia since the war began. they are trying to build a new life here,

even though they are not welcome. your fleet, including kluso on dw virginity is still a strong social construct in africa. girls and women are harmed by traditional practices like female genital mutilation, or testing for virginity and others latino brandy sake lay on your back, open your leg. when they put the fingers into you, this is not right. he did not kill right to me. somehow. the 77 percent in 60 minutes on d w. mm mm . ah, well you become a criminal m franklin mayo. already news

with hackers, paralyzing the tire societies. computers that are some are you and governments that go crazy for your data. we explain how these technologies work, how they can tell what rules and for, and that's how they can also go terribly. watch it now on youtube. as news of the butcher massacre comes in, crowds gather for a vigil outside the ukrainian embassy in tbilisi. the event organized by russians living in georgia and russia has a fascist regime and one.