of the dragon premiered in los angeles, a series will follow the tar, gary and dynasty as there are many kings and queens both good and evil rule over the 7 king. yours can expect to see bloodshed, battles and betrayals. and of course, plenty of dragons makers hope the prequel will win over fans. and critics who are not impressed by the finale of the original series. and that's all for months, for now, her women in asia is up next with the look at how digitization is changing. women's lives, i'll have more headlines for you at the top of the hour. hope to see it and and what secrets lie behind these will discover new adventures in 360 degrees and explore fascinating world heritage sites with

d. w. world heritage. 360, get to know what making the headlines and what's behind them. dw news africa. this shows that faculty issues shaping the continent. life is slowly getting back to normal. yeah. well, the streams to give you in the report on the inside our corresponds is on the ground reporting from across the continent, all the trend stuff, the mazda u. t. w. news africa every friday on d. w. a president joe biden insist that the united states is not in recession. that's after a new data show. the 2nd straight quarterly decline in the countries economic growth all on the show. and you study illustrates just how catastrophic

sanctions have been for russia. we speak to one of the researchers. this is d w business. i'm janelle, go my law on welcome. we begin in the united states where joe biden has called upon congress to pass the inflation reduction act. a package allocating $369000000000.01 for clean energy and climate initiatives, and for keeping inflation in check. he spoke hours after the release of data, showing the u. s. economy which rank for a 2nd straight quarter at an annual rate of point 9 percent. still binding stressed in his remarks that this should not count as a recession lower prescription drug pressures, which means hattie austro is standing by for us at the new york stock exchange. teddy. so just like fed chief j powell yesterday biden. in 5th thing, the u. s. is not in a recession. how did markets digest this negative growth news?

will starks are actually rallied today just like yesterday? the indexes are up, that's the tao. the nasdaq, the s and p 1 may wonder why this is bad news, isn't it? well, markets know that this is only a technical recession. that's 2 quarters of economic downturn from the t. d. p. a bodies like the national bureau of economic research. we're determines whether or not we're actually in a recession. look at other economic factors beyond g, d, p, such as the job market, which happens to be booming in the united states right now on employment is down jobs. well, there's plenty of them for workers. so, yes, markets are up, but just the message centers around the u. s. not being a recession and just because market seem to be buying, that doesn't mean that a recession isn't coming. tidy. recession is still certainly on the table for many on wall street. morgan stanley's mike wilson says that the rallies of the past

2 days are a trap that were in a bear market. and that we haven't seen the bottom yet. bank of america has determined that we might see a recession, a mild recession, actually in the 2nd half of this year, they're looking at factors such as consumers, spending figures came out today. the consumer spending is down, business investment, residential investment is down also, inflation still raging. energy crisis around the world specially in europe, still raging, but also in the bright spots of the economy, the job market. we're seeing some cracks, such as unemployment taking up a vacancies ticking down. so recession is certainly still on the table for wall street. thank you very much for that update. teddy austro there on wall street for us now where the russian ties to the west in tatters. it's naturally looking elsewhere to do business. that's where a new trade route with india comes in with both countries hoping to speed up

bilateral trade. russia has been cut off from trade with the west. the sanctions imposed over its war against ukraine or hitting rushes economy. bloody may putins government lacks revenue from exports like oil and timber. the russian leader wants to bypass the blockade with the help of new partner countries. the usual trade route from st. petersburg to mum buy in india. it's a shipping root of about 15000 kilometers that take some 40 days ships passed through the suez canal to mum by before reaching markets all across asia. rushes answer is the new north south route from st. petersburg, moscow, azerbaijan iran, and to mom by it's a corridor of just over 7000 kilometers half as long as the usual route. companies could save an average of 20 days worth of transport, and the costs that go along with it. russia hopes this new route could replace some

of its loss trade with the west. as far as i know, the only just just started a very recently with a couple of try out some, but it would save time. be much florida. and it would also, that's a very interesting for, for the conversion bowl slide, like in yeah, or russia, it would also enable these countries to somehow get away or get out of scope. ready from western sanctions, most of the world's population lives in asia. the new route gives russia access to this market, but are transport companies already using it? the question is posed to an indian logistics entrepreneur 4 to 5, and then myself and every year or something. and so some of british bustler cross division, i know you lust it, you the best thing i reach mostly for base it on

india and some other asian countries have so far, captain neutral stance over the war. they say they don't want to take part in the sanctions against russia. we can definitely say that the war in ukraine is a game changer. and not only a game changer for european security or military policies, but it is, it is a game changer for the global economy for global trade. more and more looks at it. we're really moving into a kind of world with 2 major blocks. and with one of those blocks increasingly isolated from the other, many asian countries are happy to take advantage of the west's broken trade relationship with russia. now in russia invaded ukraine 5 months ago, as we heard their western powers slapped moscow with sanctions they hoped, would hobble its economy. a new study out of yale school of management shows they

have, it says russia now has an untenable position as a commodities exporter, while imports that make up 20 percent of russian g. d p are down by half since the invasion began. companies are leaving russia in droves, erasing 3 decades worth of foreign investment. the studies authors caution against over estimating the russian economies resilience one of those authors joins me now jeffrey von and felt he is the senior associate dean for leadership studies at the yale school of management. welcome to you, sir. now, one of the key points he seemed to be making is that there is no ground designed to putin's actions and that he doesn't, in fact, have a brilliant strategy for absorbing the sanctions. how did you get to that conclusion? we took a look actually at the numbers. what's amazing is that a potent has a tried to disguise the economic statistics, the national economics statistics that they published for 30 years and almost

fairly transparently, or least to the part the world. believe him only for last 20 years, he's destroyed that all as many economists have come to realize destroyed than just the last 4 or 5 months. so the standard national income statistics of imports of exports, of, of oil, sales of commodity sales, capital inflows, capital outflows, the central bank standing the loan or origination, the foreign direct investment, the air flights, the volume of flight traffic and passengers and private companies that used to have to report monthly what their performance was, none of that is transparent anymore. and a lot of naive western journals were initially were falling for this, as he's manufacturing new statistics instead of what every other country, including his own, has been putting out there for decades. so clearly he's been hiding something and it's for very good reason. he's hiding a law, they have massive unemployment. they have soaring inflation,

their imports have dropped by half. china is not making up for it. and they don't know what to do with their energy, which is so most of their, their income thanks to huge miscalculations. not only that he missed calculate the resolve of the ukraine, people that sort of falling in 5 days. they're there, there are 5 months later, but the unified europe, he did not expect that the world has shocked europe, is setting a model for the rest of the world in terms of how to stand up to a tyran. you alluded to the difficulty of getting reliable net tricks out of russia . how did you do your analysis when that is, in fact a challenge? such a great question for anybody who wants to follow up more than i can bludgeon you with right now that this late hour for you is there something called s s r n as a free service that is scholarly net or i guess those are and they type in san and felt or, or, you know, the sanctions, it'll pop up. we have 100000 people have already looked at it already. it is a $118.00 pages of our research is very transparent. what it is is we've gone to

non traditional sources, is that to get the airline data, for example, we're going to all the companies that we're leasing that run the plains or the service. and we try to get to the, the china statistics if they won't release what they're selling in the china. china says, here's what we're, we're selling back to, to, to russia. the things of that nature, their stuff where they say, well we can, we can send the oil into china that we would dealt with that we won't put into be able to sell into europe, which is eighty's like 6 percent of, of their gas. for example, in better example, they can't get that into europe now, and they're even shutting it off to try to threaten europe, of course, is or they can't ship ship that through to, to china or to india because of no pipelines to get it there. and this is not liquefied gas, they can go buy ship, which would take weeks. it actually has to go through pipelines. there's one pipeline, it can get maybe 10 percent of it enough to maybe, you know,

light up hoboken, new jersey here or something. not much to do for europe. so it's, and in europe, as perhaps 40 percent of their gas, they're drawing from rush from russia now. and there are alternative sources that are ramping up in the next few months. there's nothing they can do with it from, from russia on the other side. so all this data is out there. it's just not data that putin is releasing for every time you know, in a global marketplace as a buyer and seller. we have since they don't have the sellers date of their holding back, we have the buyers data, we can show what's fallen off. so that's, that's what he didn't realize. you can still get this data now. so sanctions are working as far as their damaging the russian economy, but the point isn't just punitive, it's to keep moscow from being able to finance aggressions. can the sanction succeed in that way and bring about the end of the war? we have seen that all over the world. we saw a bring down and part of a market off he and libya. of course we chatted with nickel edge i chaskin romania

. we seen with eric han occur in east germany, your zowalski and paulin. we have seen a all parts of the world, argentina, chile, where these and of course south africa. one of the classic is apples. that was by the way, only 200 companies and governmental sanctions was very important. as you have private company, sanctions matched with governmental, a private company, ex, match governmental sanctions. these companies have pulled out when working with them 1300. he's high that aren't going to have to leave it there. thank you very much. jerry san at jeffries on and found senior associate dean for their sake and he's at the yale school of management. thanks so much and thank you for watching ah. into the conflict zone with sebastian. more than a 100 days of war in your crime on the bottom of the intensify my guess. this week from brussels is blue book to both got advisor,

ukraine's armed forces. how long can care rely on western mom. 3 munition who can it really trust conflict zone on d w. m, the future of human kind depends on saving nature. a, an increasing number of authors and artists are convinced of this in their recording their experiences in can their books save the world. in 60 minutes on d, w o is establishing an order sheeting, pain,

president of the global powered china is part of a whole system which believes his time has come. he relies on an authoritarian system of total surveillance on economic expansion without scruples again and again, she provokes and threatens with the military aggression the chinese president believes his way is for superior than that of western democracy with china's president. changing ping distorts july 30th on d. w, the more than a 100 days of war in ukraine and the battles are intensifying. ukraine losses have been severe since invading russia has occupied a 5th of the country and is pounding the spin dumbass, which it seems to term into occupied. how long can care for.