largest mountain standing up more than 3700 meters. it normally takes climbers 10 hours to reach the top just once. okay, quick reminder of our top story for you now through lancaster president is valid to public pressure and resigned. protest is a celebrating off to parliament received a letter of resignation from go to bio russia. poxel business news. he stopped next. don't go away. mm. people and trucks injured when trying to see the city center more and more refugees are being turned away at the border family. planes on the tax in syria for these correct only with people being screened

around $200.00 people has something around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. w. made for mines ah, ah, the e you slashes its growth forecasts amid rising inflation. can member countries walks the tight rope of low growth and rising prices all while war rages and nearby ukraine? also on the show. a new tax law in hungary has people protesting in the streets.

small business owners say the new measures could push them into poverty or out of the country altogether. and we'll have you taking a 2nd look at your table condiments. a dutch researcher finds a way to store residual heat in faults. hello and welcome back to the w business. i'm christy gladstone in berlin. inflation will weigh on european output next year . more than was previously expected. the u commission lowered its growth forecast on thursday by almost a full percentage point. brussels is now predicting g d p growth of 1.5 percent next year, down from a spring estimate of 2.3 percent. now, behind the change is higher than expected consumer price growth. the use says inflation driven by soaring energy costs, as a consequence of the worn ukraine will be considerably considerably higher than expected this year. and next. while earlier we spoke to maria de merritt sees of the brutal institute in brussels, she said the recent settling of commodities prices could be helpful to your

opinions facing higher energy and food food prices, especially as the summer continues, but energy demand have to go down. there are some very tough decisions that need to be made in the next window. how are we going to meet on energy demands? and the one thing we do know is that we will not make the winter without necessarily reducing the demand for energy. so all of us, all consumers will and, and of course, the industry has to make an effort to reduce demand for the moment. we are subsidizing the ad because of the households in terms of financing energy bills. this is course important as you may, as you may understand for the product of your households. but it also means that they're not reducing demand. we need to very quickly change policy attack here we need to find ways of subsidizing those and actually reduce the demand for energy. because if we don't do that, we will not meet the energy demands. very tough times ahead, but it's absolutely essential that the politicians not communicate to the public

that without an important effort to reduce energy demands, we will not make it through the winter. after years of complaint us tech giant amazon has offered a settlement in response to charges made by the use competition authority. the world's largest online retailer promise to stop using non public cellar data for its own retail business. a thursday statement from you regulator said the offer is a huge step for the u. s. based behemoth. who for years denied accusations that it unfairly uses the mountains of data parked on its platform. regulators will now seek feedback on the concessions from amazon rivals. now amazon said that while they disagreed with several conclusions that the european commission made, they worked with the body to quote, address their concerns. well, for the u. s. business perspective, unless let's bring in young corta at the new york stock exchange. now, yen, who is going to get more out of such a settlement, amazon,

or the european commission? well, i mean, christy, 1st of all, clearly we have to wait for the responses from the european union. so let's say they take this offer from an amazon or to a certain degree that already does a mark a shift because so far, emerson has said pretty much all the time. rejected any arguments from the european union when it comes to the treatment of emergent. so if for amazon, theoretically they could avoid a fine, so that would be a positive a for um amazon. but as i said, it can take a couple of time until the sun comes and then a basically what amazon would also do is be ahead of time because at some point in the near future, and amazon probably anyhow, would have a changed their policies. they're about, as i said, so they're trying to avoid those fine. so if see you agree, said that could be

a slight positive for amazon. right? yes, we're talking about those policy changes getting ahead of them. we know that the european union plans to address other accusations against amazon with its digital markets act, which is supposed to go into a force and next year. tell me, are you as tech giants worried about this regulation? here, christine yodi is say take j n. so it's, it's against amazon, it's against google, it's about meta, it's a couple of companies. so where the european union is aiming at, i mean, there is a saying america innovative and of the european union. a regulate sir, but that actually does not have to be such a bet and things so detect, james are not shaking in their boots at this point, but in general, there is a so called brussels effect. so all of this regulation that is coming mostly from the european union often gets adopted on a global basis. and that also can be a positive or for the tech giants, because they would have

a clear environment where they can act and where they know what to do and what not to do. so therefore, it does not necessarily have to be a bad thing, but when this digital marketing comes, i believe in about 2 years still we probably might see some legal fighting between detect shines and regulators. young corta, innovating for us out of new york. thank you. inflation is heading the hungarian government hard, especially its budget. now the right wing government is using its parliamentary super majority to pass a law aimed at drumming up tax revenues. but the idea is not popular with everybody . a large crowds gather in front of the parliament building in budapest, many of them owners of small businesses there infuriated by the government's new tax measures, scrapping a popular scheme that let's freelancers a small businesses and contractors pay a low flat tax rate like dabbling according means if i remained an entrepreneur and

i would start each month with about $600.00 euros, i'll not stay one. i'll go on to the black market and will work without registering my activity and pay for the minimal social security. or i'll grab my suitcase and go to the nearest normal country, and probably many people will do the same, yet again. was like negotiable as, forget them in this method the, an estimated half a 1000000 workers fall into this tax bracket. ah, sitting in the years again, but many people are affected by this. many people are being pushed into poverty. if people don't stand up for themselves, if they don't come out to protest, then the government can feed anything to us. anyone, nicky, the bad and you can i get like we're already thinking we can't let this happen. all i thought you might as them sabbath, hide me, the government here. it worries about losing revenue as inflation sores. but freelancer's and small businesses are determined to show their power in numbers.

now to some of the other global business stories, making this airline giant emirates on thursday rejected demands by london heathrow airport to cut flight capacity. despite being friend with a lawsuit this week, london's busiest airport asked airlines to stop sewing summer tickets to try and limit the number of daily passengers 210-0000 emirates says it intends to continue its daily flights to london was thousands of users across the world. were unable to access social media platform, twitter earlier on thursday. more than 50000 people reported the outage. this comes a days after twitter sued, tesla ceo, ellen musk for violating a deal to buy the company. after a nearly 3 hour outage, the company said, it's website, an app. we're back on line. russia and ukraine are close to finalizing a deal on how to get ukrainian grain out of the country's ports and into the global market. that's according to un secretary general tonia gutierrez,

after talks between the 2 countries were held in turkey. cave asked for its ships to be allowed to pass safely through so called rain corridors. now netflix is partner partnering with microsoft to build its new cheaper ad supported subscription plan. the streaming giant was long opposed to running commercials, but hopes lowering the subscription cost will help it regain some of the $600000.00 users. it last, last quarter. well, as we mentioned earlier, soaring prices are giving europe more incentive than ever to be as efficient as possible with energy. a new innovation in the netherlands could add another piece to the puzzle, storing residual heat and salt. take a look to ingredients, water and a secret type of table salt. play a big role in this chemistry lesson. both salt and water are the key to an amazingly simple energy storage technology. lab hasn't been to follow, so the reaction of water mixing would sold generates sheet. so what am it's so warm

that you can even touch it? what's important is that i've stored energy into sold without any losses. laugh which i can now retrieve by adding water on the energy revitalized comb. it to 12 years of research discovered this effect physicist olaf adon spent a long time experimenting to make his raw material salt react efficiently. the south though to have it in the salt here in the system is in a large container with the small compartments through which error can flow. jorge openness before the air is moist or dry, depending on whether you want to generate or store heat. in factories and industrial plants like this one at the porter, rotterdam, there's a lot of unused residual heat which could be captured and stored in at, on soft battery. for example, though the reveal had this,

the amount of residual heat we have is enormous. we're talking about a lot of heat that just merely escapes the environment. i like him on top of that. the sources of these heat are so well distributed across the country. they could powered near by cds by the bottom, have live is the salt battery, the future of energy storage? the prototype is in the final testing phase. the european union is supporting the pilot project with 7000000 euros. a don things half of all dutch households could use the residual heat in the fall. the 1st houses in eindhoven will be connected and heated with salt batteries. only then will we see if this really is a hot new technology always covered it extensively, us consumers are facing soaring prices of food, housing, and fuel. in new york, they can now channel some of their frustration by quite literally eating the rich. the eat, the rich ice cream truck is offering, popsicles,

shaped like the faces of billionaires bill gates, ilan mosque. jeff bezos and even ali baba jack mar with names like gobble gates, bite bezos, and munch musk customers seem to like the idea. but even taking a bite out of capitalism comes at a price. the popsicles cost a whopping $10.00 apiece. well that's all we've got for me and the whole business team here in berlin. thank you for watching. we'll see you tomorrow with enter the conflict zone, confronting the powerful 18 months after the violence on capitol hill. it's clear that the u. s. democracy was in greater danger than previously believed. my guest is weak from thomas david from a writer and columnist for the atlantic magazine. he says the stakes were and still

are frightening, really whole conflict on next. on d, w to the point a clear position and international perspectives. after claiming the capture of ukraine through hundreds region, russian troops, no one to take full control of neighboring done. so what's next for vladimir putin? and does he have an appetite for more? find out on to the point shore to the point in 60 minutes on d, w. o. oh . with the memories of a woman ali from syria is born in

a female body. forced into marriage, break to escape will be the journey of his life. far from home, ali can finally become the person. he's always wanted to be alone. despair badly. oh, in battery credit, then we'll go with i was born in berlin starts july 22nd on d, w. 918 months after the violence on capitol hill. it's clear that us democracy was in greater danger than previously believed. testimony to the january 6th committee described craze. donald trump grappling with his own secret service, determined to lead his arm supporters to congress and overturn joe by the election victory.