he $700.00 maces, it normally takes climb as 10 hours to reach the top just once lead a line for types. reminded now of our top story. 3 lank as president has ballad to public pressure and resigned. protest is, have been celebrating off to parliament, received a letter of resignation from go to buy a rush of packs of business news. he's off next on d w. i'm showered rate in berlin. doug, away with nico is in germany to learn german louis benito. why not learn with him online on your mobile and free chef. t w's e learning course, eco's big. mm

hm. with ah, the e u slashes its growth forecasts. mid rising inflation. can member countries walk 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. does researcher find a way to store residual heat in salt? hello and welcome back to the w business. i'm christy plaza in berlin. inflation will weigh on european output next year. more than was previously expected. the u commission lowered its growth forecasts 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. use as inflation driven by storing 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 the merits 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 has to go down. there are some very tough decisions that need to be made in the next winter. 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 the demand for the moment. we are subsidizing 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 we are 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 energy demands. very tough times ahead, but it's absolutely essential that the politicians now communicate to the public

that without an important effort to reduce energy demands, we will not make it through the winter. after years of complaints, u. s. tech giant amazon has offered a settlement in response to charges made by the use competition authority. the world's largest online retailer promised to stop using non public cellar data for its own retail business. a thursday statement from e regulator said, the offer is a huge step for the us 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 jens corta at the new york stock exchange. now, yes. 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 is shift because so far, emerson has so 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 emerson would also do is be ahead of time because at some point in the near future, and amazon probably anyhow would have changed their policies there. but as i said, so they're trying to avoid those fines if see you agree, so that could be

a slight positive for amazon. right? yes. what talking about those policy changes getting ahead of them? we know that the european union plans to address other accusations against the amazon with its digital markets act, which is supposed to go into a force next year. tell me, are you as tech giants worried about this regulation here, kristian, you only 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 an 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 giants are not shaking in their boots at this point. but in general, there was 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 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 market comes, i believe in about 2 years still, we probably might see some legal fighting between the tech jain and regulators young core to 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 the 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 fly tax rate law. double get this. is it one? is that what i mean?

if i remained an entrepreneur, i would start each month with about $600.00 euros. i'll not stay one, i'll go on to the black market and we'll 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. it was like no shopper s, we'll get them in ish with 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, lad, and you can i get dead like we're already thinking we can't let this happen a lot about your money as them. so both hide me, the government here, worries about losing revenue as inflation sores. but freelancer's in small

businesses are determined to show their power in numbers. now to some of the other global business stories making news, 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 selling summer tickets to try and limit the number of daily passengers 210-0000 were its 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 the days after twitter sued, tesla ceo, ellen must, 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. tonio gutierrez,

after talks between the 2 countries, were held in turkey. he asked for its ships to be allowed to pass safely through so called rain corridors. now netflix is partnered 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 these 600000 users. it last, last quarter. while 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. there are 2 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 have been to follow. so the reaction of water mixing with soldier generates sheet oh,

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. law, which i can retrieve by adding water on the energy we've died. love comb it to 12 years of research discovered this effect, physicists, olaf, adon spent a long time experimenting to make his raw material salt react efficiently. the south have in the salt here in the system is in a large container with the small compartments for which error can flow jorge over the air is moist or dry, depending on whether you want to generate or store heat. in factories in industrial plants like this one at the port of rotterdam, there's a lot of unused residual heat which could be captured and stored in at on soft battery. for example, though, the will have this,

the amount of residual heat we have is enormous. we're talking about a lot of heat that just merely escapes the environment. on top of that, the sources of these heat are so well distributed across the country. they could power nearby cds decided about okay, from this 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 phases of billionaires. bill gates, ellen mosque, jeff bezos, and even ali baba's jack mall 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 it or i i is the end of the pandemic in site. we show what it could look like. return to normal and we visit those. we're finding it difficult. a successes

amazon, you know, weekly copays 19 special. next on d w. the 2021 blood catastrophe in mainland invoked by owned by a natural disaster was warned, but no one believed it. 184 people died, thousands lost their homes. but in the tragedy, holt appeared thanks to volunteers from across germany. a protocol in 45 minutes on d, w. o. oh . she's up to date. don't miss our highlights. the d w program on line d, w dot com,

highlights not has no limit. i love is for everybody. love is live. i love matter. and that's my new podcast. i'm evelyn char, mom and i really think we need to talk about all the topics that more divide and deny that. and this i have invited many deer and well known guests. and i would like to invite you to an end ah, the summer holidays have started in europe. people just want to get away from work and school, and their worries. can we learn to deal better with our injuries and traumas? and with that, welcome to the coven 90.