i'm in sports, england are through to the final of euro, 2022, after beating sweden for nil. the linus is kept their composure after a fiercely contested start. so game in sheffield, forward beth meet scored her 6th goal of the torment given her the joint. most goal to a single euros and england will play either if germany or france will face off on wednesday, set you up to date more world news at the top of the hour of next on d, w. janelle dula, as your business update. have a good aah! i am the guy here in iowa, sexual assault survivor stem to step and say the truth. her women in asia are bad. every theme is inexcusable. nothing can stop

me. that is out with women into this week. what secrets? why behind these walls, discover new adventures in 360 degrees and explore fascinating world heritage sites with d w world heritage 360. get out now. ah . e u countries agreed to save energy together. as russia continues to squeeze supply, european union member states commit to using last gas and the hope holiday charity can help stave off a bit or winter. also on the show,

the international monetary fund warns of a significantly darkening global economic outlook and in vietnam war time design is making a comeback, sustainable sandals with a smaller carbon footprint. this is the w business. i'm janelle dumas on welcome. european union countries have agreed to cut back on gas consumption by 5th, 18 percent from august to march. that as fears grow that russia might stop already reduced deliveries altogether. but this feel is a much weaker version of an original proposal put forward by the european commission, sparking concerns over the potency of these commitments are correspondent in brussels. christine mando has more for us on this story. her seeing a couple of things. so the targets are voluntary, you ministers, had to water and down the plan with exceptions in order to get the member states to agree. can these measures still be effective? while the commission insists at this plan will be effective,

even if all of these derogation, or these exemptions are exercised at any given point, and you're quite right. it has been watered down significantly. and at any stage in the game, virtually every single member state could, could claim an exemption at a given point. but the commission is confident that even in the case of that would happen, that this plan would still be effective to get your through or what it is saying would be an average winter. now an average wind of course, does not exclude a longer period of cold weather, severe cold spells, but the commission says the messages this, that everybody's got to be saving right now. that is the best way to secure somewhat of a safe winter for europe or going into what will be a very difficult period our for, for europe, but a difficult period. but on the plus side, the seems like quite the show of solidarity within the block. you think that bodes well for e wide policy coordination when it comes to countering russia? well, unity and solidarity is needed, but as a, as the months go, one, the as,

as different, national interests, a conflict that unity is waning. and i'll have to point out here that this deal at was a desperate attempt to forge it will show a sign of unity because it is so far removed from what the commission initially planned. this is a significantly watered down version, the initial, the, the plan that the commission had was that it would take control over the energy decisions and countries effectively taking the decision to mandates. add those, those gaskets member states basically turned that down. they rejected it. and all of these compromises that have now been baked into this final deal is an attempt to show that unity of course, moscow or is, is, is, is relishing in, in, in, in, in, in the disunity that we've seen at times in terms of how difficult it's getting for the european union to agree on certain things. but of course, we have to point out that what they've agreed to today is very far from what the commission are initially planned. well,

we can only hope as consumers that the plan isn't compromised to death and but what will the plan mean than for households and businesses in europe? well, what the, the, the commission doesn't dictates to member states how they should do this, a reduction off our gas consumption and demand. but it does say that bro trip protected our customers. that is, of course, essential services as well as your households and need to be safeguarded. that is they shouldn't feel at these cuts. but what european union and citizens cannot be shielded from the inevitable price increases that will come out with the winter. everybody's energy bill in europe essentially is going to go up and this is a, as a result of russia reducing ad that the supply of, of gas which makes the price go up. so this is going to be a painful winter at what this plan is trying to do is to avert a scenario where the blow comes and there is no cushion. it is, of course

a trying to get at those reserves built up to a certain point. so that if there is a decision by moscow to cut off the supply and that there is some reserve, at least to, to sort of cushion that blow but at the costs are going to go up. and that will likely see this inflation that we're seeing continue to go up as well. general christine, when we're telling us what's to come. thank you very much. inflation locked down to the war in ukraine supply chain issues. in its new report, the international monetary fund has revised that global growth forecast downwards. this year the i am a project that the global economy will only grow by 3.2 percent or point point point 4 percent less than assumed in april, even less next year. in 2021 growth was still at 6 point one percent. the i m f, warns at the risks are currently increasing urgent task thing through getting inflation under control, supporting the vulnerable and combating climate change. joining me now is patch

cuevas brooks. she is the deputy director in the research department of the international monetary fund patch. welcome. in your report, you outlined the risk of increased unrest as the problem of food insecurity worse and how we read should we be well, the outlook for the global economy is indeed quite gloomy and very uncertain. so we have revive down our forecast and that's part of the, the narrative. and one of the things that is worrying us a lot is the possibility that this sluggish growth and coupled with high inflation is a breeding ground for social unrest. as we know, foods of food insecurity is, is one of the, the factors that is quite important and is very much linked to,

to address. so that's definitely one of the downside risk that we point out to in our report. so in that report, you also lay out a few recommendations like cautioning government against price controls for food and fuel. but why shouldn't food be kept affordable for everyone in this way? well, i don't the biggest problem that the global economy faces now is time playstation and hines, asian does take out from the income that people have. and the most important way of solving that problem is for monetary policy to tighten and to, to restore price stability. so what are the components you can do is, is tried to push and to compensate those well, most vulnerable, but at the same time, doing too much in a very broad way just makes the job of monetary policy even more difficult. which again, makes it even harder to solve the inflation problem. so, so that's,

i think in a nutshell where we're coming from with our recommendation. you've talked about protecting the most vulnerable, but many governments of course, are low to raise taxes at a time where providing aid to these vulnerable people means needing to raise more funds or higher taxes. unavoidable? well, exactly how the division of business targeted or to household would be done would very much depend on how much space the governments have. but it's also a matter of preferences in a particular country. so in some instances, that would be, that would come with higher taxes, but in other words, it would also be reallocating the spending, which was, which was meant to be done in other areas. so again, we don't have a one size fits all recommendation in this area. thank you very much patch

a clever brook. she is the deputy director in the research department of the international monetary fund. thank you very much for your insights today. now grim economic prospects are bringing down the mood on wall street as well. the details from our financial correspondent, teddy austro. well, janelle, there's certainly some gloom on wall street. the growth outlook isn't looking to great as the consumer, it seems to be taking a hit by inflation. finally, we can look to retail. wal mart actually announced that it is marketing down its profit outlook by over 10 percent. that's quite significant for the world's largest retailer. indicates that the consumer is shifting from discretionary spending to the essentials food fuel, which are leading the price increases across the economy and eating into people's paychecks. we can also look to the tech sector shop. a fi actually just announced

that it is layer off 10 percent of the workforce. this is the largest, one of the largest in a round of layoffs in the tech sector coming after about 2 years of pretty significant growth. seems that the consumer is shifting away from e commerce and again, focusing on those essentials. teddy austro their to vietnam now, which is one of the world's top 4 countries for sure. manufacturing. much of that is down to factories pumping out pairs for big brands like nike and did us. but a fashion revival means some shoemakers are putting their hearts and souls into a revolutionary design. a new trend is gaining traction, rubber, sandals like these ones are becoming fashionable again. the sandals were 1st made in the 1940. during the indo china war against the french, they were crafted from ambushed military truck tires. to day

they're made in a variety of styles to appeal to a much wider audience. oh, good with that my the mama, i want to rubber sandals to become part of our heritage. wanted to be there one of the unique products of vietnam. i bought it and foreigners will mention them when they're visiting our country, they got a who, the devil. the sandals were popularized by former revolutionary leader, ho, she min and by viet cong soldiers. during the vietnam war they became a symbol of the communist states resourcefulness. during war time. now during peacetime, they've come to represent sustainable design and reducing one's carbon footprint for we're load up. oh go. we loads up. oh,

i myself prefer handmade sandals. mendoza. because they're cheaper lam when they buy. tell us what we can use old tires to make the rubber sandals cool with the body. of course that we can just as easily make rubber sandals from new rubber. but then we'll to price out a much higher than that. that's it. but go back in 10 coins hanoi shop, a pair sells for around 10 euro. his brand has sold more than half a 1000000 pairs since he took over his father in law's business 11 years ago. for a small young company. that's quite a feat. thanks for watching one madison. no plans of indigenous people to day a multi $1000000.00 business for corporation. devion. others are gold mines. true discovers the left empty handed international agreements now able to

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