looking towards us, you know what i doubt when got enough. many palestinians are pushing for biden to bring up the recent killing of you as palestinian journalist, sharina elbow outlet, which many blame on the israeli military. after the president ends his visit here he is expected to fly to saudi arabia. this good harold bless frost. he ties between the former arch foes. you're watching dw news live from berlin to stay with us. if you can, business is coming up. next. i'm sarah kelly. in her land, thank you so much for watching a care people in trucks injured one, trying to flee the city center. more and more refugees are being turned away. order families played on the tax in syria to these credit owners. we like demonstrated people fleeing extreme around

getting 200 people around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, it's a 20 year 1st. the year 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. a hunger crisis is growing amid soaring 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 christy plaza. this is d. w. miss business. the euro reached $1.00 to $1.00 parity with the us dollar on tuesday, continuing a downward trend. the product with lowest value in 20 years. rising interest rates and a relatively stronger outlook in the us have helped fuel and ongoing dollar rally. meanwhile, in europe, fears of slowing growth within the euro zone, driven by the war and ukraine and developing energy crisis are weighing on investor sentiment. well, earlier we spoke to the w correspondent, christine montoya, about the 2 currencies. she told us, this is the 1st time in her career, she seen dollar euro parity. there's the tale to currencies, right. you have as a soaring doll and you've got a sinking gear. of course, the dollars strengthening on, on expectations at the fed is gonna go foster and further in terms of its interest rate hikes and then the sinking euro. and the big issue here is genuine concerns.

the fear that russia is going to cut off gas supply to, to europe. and that is going to be devastating. you've got the german economy minister at repeatedly warning on domestic 10, a vision that the winter is going to be really rainy. brutal now added to that is, of course is consistent trend that we're seeing here in europe, off, but slow growth and high inflation. and so policy makers are lipping to target, particularly that and yours own finance ministers are meeting to daycare in brussels. going into that meeting, they talked, having to address those issues, how to fight those inflationary pressures to ease the burden european citizens. but also look to stimulating growth across the years and 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 red 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 about 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 here 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 the global economy. what can you tell us? christy clearly has a huge effect on many levels. so if you look at some emerging markets, for example,

countries to 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 commodities oil goals, other commodities 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 in value, but that at least is coming at a trend. i would say that at least some of the commodity prices are quoting while

we'll be checking in with you on this topic going forward. yes, thank you so much. well, croatia, it's 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 year ozone will drive up the cost of living even more. while our reporter finding sha reports from dubrovnik miles and miles of every attic coastline, nearly $20000000.00 people came to visit croatia in the year before the pandemic tourism is a key source of revenue onto now you paid with this to cool. now the local currency, but croatia wants to it up the euro next year. and creations are split over the question of who will benefit from the new currency. this is the place most

tourists want to see in dubrovnik, the old town, the sunset views from our there are pretty amazing for 20 euro per person and even vacovich guides stories from pool lane. you k and canada through dubrovnik. the war and ukraine means hundreds of thousands of ra shannon, 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 $1.00 currency annually from tourism. answer is them sector is than 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 sat a mom as we well, we have our own currency hodge if anything. during this unstable times of war happens, if euro crashes, we would have earned currency and the state could function below. martin crushed all 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. could you, bright is our old radio catastrophe. inflation is officially just 10 percent, but if you asked people in the restaurants law prices are already up by 30 percent . and this was which of the 3, the said puzzle, according to one recent pool, the majority of creations agree that prices will increase with the euro and only one 3rd believe crochet is ready to introduce 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 this 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 ne, pearl pet for offs, 400 kilometer, se of the capital keys. but as the grain warehouses are filling up,

the war is drawing closer. why assume 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 in 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 for is 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 above the sea route was the most important, but now it is an option. so the demand for our grain as decreased. lindenwood porpoise measures are some new logistics. routes through europe are being developed with europe. can't handle the large quantities of grain reproduce that a lot or skin movement of darya. 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 north africa, and 40 percent to asia. who finds the solution, whole open support. because result opening ports the i don't sees it, the ukrainian formless will sort and it feels to if ukrainian farmers who will not survive will and be able to feed in african countries. 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 a reminder of the top business stories were following for you. this our, the euro reached $1.00 to $1.00 parity with the us dollar on tuesday. continuing a recent trend that's put it at its lowest value and 20 years. rising interest

rates and a comparatively stronger outlook in the u. s. have helped fuel and ongoing dollar rally. ukraine and russia and turkey will join the united nations on wednesday for a new round of talks about freeing of grain exports from ukraine. that's according to russian media reports. well, that's our show from me and the holding of a visit team here in berlin. thank you so much for watching. ah to be your own health advocate. by turning into your own expert, we are your coach without any fiction. and lots of facts

be active in a clever way. good. good. good. so, i thought do w, o lay fled because they reject county 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 to welcome you free, including kluso. in 60 minutes on d, w in come have a g, g t v highlights you every week in your in box,

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