amazing, today to discuss reducing gas consumption. russia says it will soon cut gas supplies through its north sea pipeline, just 20 percent capacity, blaming maintenance and sanctions. ukraine's president says russia is now waging open on europe. and that's it. you're up to date to business. news is up next week. janelle dem allowed. i'm on the campus mckinnon on behalf of the whole team here. thanks so much. fortunately, w ah ah, i in many countries, education is still

a privilege. hummadi is one of the main causes some young children work in mind. jobs 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 them. we ask why. and because education makes the world more just make up your own lloyd d. w. made for mines. oh, oh. russian bombs provide a reality check to gray and markets following elation over a deal to finally resume wheat shipments from ukrainian port rushes attack on a death has led to deflate,

hopes of securing global food supply. and we take it to the philippines, where president ferdinand marcus junior has delivered his 1st aid of the nation, addressed with a weighty promises for the economy. what can he deliver? this is data over your business. i'm janelle dumas on in berlin. welcome. fear is over, food inflation are far from over. global weight prices jumped by 3 percent at the start of the week following a russian missile attack on the ukranian part of a dasa. it came just hours after achieve and moscow reached an agreement where the united nations and turkey to allow for some $25000000.00 tons of green stock in ukraine to be exported. we prices dropped 6 percent on friday to levels not seen since the russian invasion, but the weekends bombing showed getting shipment out of ukraine remains complicated,

causing the spike in wheat prices. monday. a while russia has been blockading black c ports. ukraine and its neighbors have been seeking alternative routes for the countries. crucial food exports, grain stuck out of fi, lonely, eternal pill in ukraine. it should be long gone, but it's still a year. the black sea is blocked amid the war with ukraine, so the wheat cannot be transported. the manager of the storage facility measures the humidity frequently because grain stored for a long time molds quickly. little small tissues who mcgrew. we still have 6000 tons of grain stored here whose useful? well, we supposed to put the wheat when the next harvest starts. luxury love there's no op. it's gary. any amount of grain could be left on the fields. more delicious

pulling could cause a local the farm. i tried to empty his silo for the next harvest, sending a truck to neighboring poland. but the driver was on the road for 14 days, and the transportation was extremely expensive. they are a long traffic jams on both sides of the border between poland and ukraine. drivers often wait up to 7 days dumb brought on yet. yeah, there's just too few lanes for the vehicles and that's why we always have this problem. we've been here for 2 days and that's nothing but rail transportation is also challenging. grain needs to be reloaded from ukraine and wagons to polish ones because the 2 countries trains run on different sized tracks . another problem, the polish transport stations are old and ill equipped. so they cannot handle the huge volumes of precious bread wheat needed in africa. and the large amounts of

corn, rape seed. and so scrap headed for the e u. the trip as we emma nonstop. we're working 24 hours non stop. most of you golf e to so much other than just not enough wagons and workers to reload even more goods from ukraine's and she has dallas' crane. despite this, the farmers are able to transport around 1500000 tons of grain to ports in the e u every month. but it's extremely expensive on just us. and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets called profit. yet with full storage facilities and a desperate need for grain around the world. are these farmers a whole been ukrainian ports on the black sea will soon be reopened. what were the fuckers italy outdoor? meanwhile, on wall street, investors are gearing up for what the business press is calling a make our break week. our correspondent yann's quarter is at the new york stock

exchange. jens, it is really a maker break week general in general, i would say a yes. so much at stake him in the next couple of days. i mean, on wednesday we have the next the meeting. there is no doubt that we will see an interest rate increase. the question is, by how much by $5075.00 for maybe even a 100 basis points that by the way, it could also have an impact on the dollar that has been super strong so far this year. then on thursday we will get the latest 3. the, the 1st reading on g d p numbers and just remember in the 1st quarter g, d, p drop by 1.6 percent. so if the number for the 2nd quarter should also be negative and that could happen then. technically, we would be already in a recession here in the united states, and then also earnings earning earnings about $175.00 companies out of the s and p 5. hundreds will come up with the earnings report this week. so a lot going on in general, definitely. but especially tech stock seem to be in for

a ride. what are you expecting in well, i mean, so far i would say the theme of the earning season is not as bad as fear 10. so we're not necessarily expecting super strong numbers, but it might be good enough if they're not as bad to expect that we already did hear from some big tech names even before the earnings report from facebook. for example, from an apple from some other microsoft. and that there might be some hiring freeze companies might be forced to cut costs. so that could be a theme specially when it comes to the big tech names this week. we also heard that the strong dollar might be having an impact on the earnings. so we will have microsoft to, we will have a google, we will have facebook, we will have apple m as in all of those out with earnings. and then on top of it,

also some household names, mcdonalds, coca cola, general motors, the big oil giant on friday. so when it comes to earnings and especially tech companies, there's a lot of things. thank you. yann's carter there in new york for us and here some other business news. gas prom says it will further cut deliveries of natural gas threats. nord stream, one pipeline. the russian state own company will lower the flow to germany to 20 percent of capacity this week. it says this is due to repairs. germany says there is no technical reason for the cut morale among german businesses has fallen as rising prices for goods and fuel damping growth prospects. according to a survey by the german e fo institute think tank published on monday. the fo, business climate index felt its lowest point in 2 years as companies anticipate intern army recession to the philippines. now, where the president,

ferdinand marcus junior, delivered his 1st state of the nation address. marcus outlined his administration's economic goals, including having between 68 percent g d p growth in the next 5 years and slashing the country's poverty rate. the country is a buckling under soaring fuel and commodity prices and a continued struggle to recover from the coven. 19 pandemic. i'm joined now by journalist anna santa, she covers of the philippines and follow that speech for us and our marks as 1st state of the nation address open on the economy. what did you make of his speech? chanel? it was all about the economy. and after months of motherhood statements from his campaign about unity and bringing the nation together. finally, we saw what was like a checklist on the things that he was going to do to revitalize the economy. the were 19 legislative priorities that he set out. but i think what really stood out to me the most was like how it was progressive in terms of its focus. there was

a lot of mentioned about technology both as a way to digitize the philippine economy and bring it forward. and also as a contributor to the economy, the digital industries also climate change and addressing it as o, u. one of the things that affect the economy. and thirdly was how to achieve all those things by reforming tax collections and making tax reforms. interesting though, is that the mention of tax reforms is also while marcus junior is facing tax evasion, charges himself. so let's see how that pans out. so this is not up poor and irony is it. but even ahead of the speech, he's been making big promises around the agricultural sector has a speech now given us a clear picture of what he intends to do. there were also a lot of details about how he intended to revitalize the agriculture economy of the philippines. and he pretty much cover the whole cycle from, you know, giving farmers subsidies dep moratoriums feeds. so i pretty much saw to cover the

whole farming cycle and even laid out like how far may needed to be addressed and protected against climate change. he did set really high expectations for the reform in the agriculture sector. i guess it's also because he made himself a he appointed himself chairperson of the agriculture department. expectations are very high. he set out a checklist for what he intends to do. now we're going to see if he can actually deliver. he's also, of course, said that he wanted to bring down the price of t commodities like rice. but looking beyond the domestic situation, he didn't say this much. got much around this time with regard to ties the us in china. what do you think of that? what he did say that the philippines would be friends to every one, but would not give up an inch of its territory. so maybe that was a little bit of a, a jab here to our overlapping claims with china over the west philippine sea. but i will have to say that, you know, philippines wants to be friends with everyone. but there are certain countries that

have turn the culture on the philippines. we saw the fall in foreign direct investment, for example, under the deterred administration. and that was related also to the, to the investor economy and in the investor confidence in the philippines, which i think has suffered because of the human rights violations, extrajudicial killings, and the brutal drug war under the terror there. let's see how marcus junior can improve the globe or global reputation of the philippines under his administration, by being friends to all but not forgetting all of those human rights violations, as well under his own father's administration. while the world is a certainly watching anna santos at. thank you very much for your insights today. thank you janelle, for having me. and finally for years, venice has complained about over crowding during tourism season. now it's doing something about it. the italian canal city will start charging tourists sophie to visit. it will also require visitors to register before they come,

official se that's necessary, and one of the world's most popular destinations. some $20000000.00 people visit each year. it's the 1st city to charge an entrance fee which will be up to $10.00 euros. and a reminder of the top is a story we're following for you. this our over week prices john by 3 percent at the start of the week following a russian missile attack on the ukranian part of a desktop. that's all for me and the business team here in berlin for more from us head over to our website, d, w dot com slash business. thank you so much for watching. one of the great always on the moon between them. i'm vienna, new york star tanner jonas kaufman. i even in corona,

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