listen, industry also coming up a study shows that russia's economy is worse off than the government is letting on will get the view from a man who is followed putin's plans closely for years. at that time again, d w business, welcome. so i got good news for you and bad news as well. on the one hand, the arizona economy grew more than expected in the 2nd quarter, 0.7 percent compared to the 1st quarter. the bad news, while inflation and the 19 european nations that use the euro has risen to 8.9 percent in the last year. that's a record. the biggest contributor to that is of course energy costs. the cost of natural gas as la leaped 25 percent this week alone. or joining me now is thomas ops trauma, the german economic institute. we can help break this down for us a bit. so thomas, thank you very much for joining us. let's break this down with g d p to start off with. are you surprised by that 0.7 percent figure. good afternoon and thanks for

having me. i think the numbers look quite a more positive than the expected. indeed, as you point 7 percent growth compared to the point 5 percent in the 1st quarter of this year. but if you said they are moving in the shadow of those numbers, this is the figure years on which is comprised by re genius economies. and they are facing a higher risk right now, which would be a cut off of russian gas. so i think if you look at the sentiment indicators right now that the situation is very different from huh. so we were quite optimistic with nick seems being void out and a group on the me, but somebody, i just a variety of factors that increase the downside risk for the economy. and as you said, they also increase pressure on the inflation rate. i can see you talk about these downside risks,

inflation with fat increase in inflation that we've also seen released at the same time this that a point 9 percent figure out how resilient is the european economy right now. so the european economy has all the better to city c, b s initiated an increase in the interest rate of by 50 basis points. and they have made clear that they are serious about the threat of price and stability of increasing crisis. but it is also clear that they can only do so much because as you mentioned, the pressure we are facing. they are not. you are 2 factors in the labor market right now or in the economy itself, but they are due to factors that i tell them we are seeing the disruption of supply chains beginning of the half of last year. and since the beginning of the year, we have seen that increase in price prices, especially with yog break of the $1.00 you crave. i've had more energy price shops,

speaking of gas or oil, so like tricity. okay. and that puts a lot of an on the companies. all right, well, thomas hopes, i hope we can get you on again sometime soon with some good news, but let's see about that. thank you very much. you're welcome. now to the us, which has long i'd, the rise of china has a high tech hub with suspicion more. so now that the world is in the grip of a global microchip shortage with companies throughout the u. s. clamoring for semiconductors, washington has decided to take action, green lighting, billions in aid for us producers who it hopes will help us retake that number one spot in world wide microchip production. it's been a long time come in. the united states congress has finally passed the chips and science, which is designed to boost the us semiconductor industry. and dad opened a new campaign in the chip war against china. the yeas are

243. the naser, 1871 member voting present. the motion is adopted. aiming to make the united states competitive with chinese manufacturers, the legislation will provide $52000000000.00 in subsidies for you as chip manufacturers and more than $100000000.00 in size. and technology investments from cars to cellphones, health care equipment, even to video games. to day chips are the most critical production companies. taiwan and open target for china has been the chip production her for the us for many years. now this is about the change as us is opening a new front into trade war against china. and chinese aware of that sir is pausing restrictions and seeking the coupling will only hurt others and one's self like later. in the mean time, china stresses reliance on our own efforts to drive the nation's development. no

restriction or suppression will hold back. china cited to allotment and industrial progress over president joe biden is expected to sign the bill into law soon. this will directly affect the course of global technological production for decades to come and moving on. now when russia invaded ukraine, 5 months ago, western powers slapped moscow with sanctions they hoped would hobble its economy. while a new study out of yale school of management shows, i have says that russia now has an untenable position as a commodity exporter or imports that make up to 20 percent of russian g. d p. a. down by half since the invasion began. companies are leaving russia in droves, the raising 3 decades worth of for an investment. so these authors caution against overestimating russian economies resilience but it remains unclear of economic pressure alone can stop russia's aggression in ukraine. will now to

a man who knows all about putin's plans, john sweeney is an investigative reporter, the daughter of killer in the kremlin about hooton's regime. thank you very much for joining us, john. how did put in get to this position that he is in now of having the whip hand not only over russia, but of europe to because of 2 things. one western timidity in the 2nd western greed for a long time. the west people on politicians in germany in brooklyn, the united states, catalyse looking the other way when vladimir putin murdered people. he's a serial killer in my view, and the west kept on looking your way and letting him get away with murder after murder, the murder, because we liked cheap russian oil and gas. the city of london likes dark russian money and created a kind of fog machine. so this money could be hit and nobody knows who the,

who the true owners of this russian dollar money is, where it, where it actually is. and germany, in particular like cheap oil and gas, and one of the, one of the dark ironies of the war so far as much money that the west is given to ukraine to help ukraine fight against the brutal invasion. we have given farm to russia to pay for its oil and gas and because because of the will, the prison started, the price of oil and gas has gone up so. so yes, sanctions, but actually the reality is in europe in particular, germany in particular, has kept on buying russian oil and gas. no, obviously, this is an addiction which is hard to get off quick. right? absolutely. we quickly. yes, i mean we've seen with the north stream pipeline, for example, about germany. bet take on that. and we've seen what's happened with that in recent

weeks will put in denies that the sanctions have done lasting damage to his country . but have they had an impact on his power base or among the oligarchs those who hold him in power through money preaching loyce so smoothly you cannot trust a word. the man said, i think it is true. the sanctions have heard and the specific things that we can look all russians is reliable because the people who do them know that if they displace a kremlin, they may lose their job. and if they really displease the trundle by my loose, i live so literally statistics aside and look at the observable world. one of the biggest, most important sanctions is that people count russians find it much more difficult to move around the world. the oligarchy, you speak to park in the south of france, send their children legitimate or busted, to fancy english schools,

eating even winchester or that is becoming much more difficult. it's still possible because they've got lots of money, but it's becoming much more difficult. russian come on your factors and now producing cars without airbags because you can't get the technology. the word is. ready taking up chips from washing machines and putting them in. and so russian by drone so. so at least some of the targeted technical sanctions are working. my one question is what's happening to the russian economy and it looks as though it's tanking by 20 percent. that's not enough to stop the war, but it's enough to send a message to ordinary russians their leader, but my person has made a catastrophic mistake. well, let's see whether that mistake will end up with him leaving, but it's not going to happen anytime soon by the looks of it. but we'll see, and you'll be watching that of course, john sweeney author of killer in the criminal investigative report. thank you very

much. thank you. now, over to bolivia, olivia is the home to the world's largest untapped reserves of lithium. that's a key component. now, electric batteries though, it's several years away from extracting the valuable raw material. once it does, it'll need to import metals like nickel and cobalt to complete batteries. it's a new com makeup in the country is placing its bets on an electric future hoping to expand the electric vehicle market in latin america. this startup is investing big . in something small, it's producing micro sized electric vehicles. less than what we need, adler for a total for electric building is the micro electric mobility, which is quite different though. is can we be fed into the car? can fit up to 3 passengers. its top speed is 55 kilometers per hour,

but that's not a problem for quantum customers. they're not traveling long distances. and the benefits outweigh any shortcomings. none of them mays, i am as away my electric bill was more or less 10 euros per month. and sometimes i go from here all the way to soccer boxes, others, you know, can i keep a charge and use it at least once a day? you'll see notable yet it's very low cost compared to a gas powered car. i'm gonna stop by my mom puts in 10 years worth of fuel in her car per week, roughly where as i put em, tenures per month. all that didn't already anna fella, man, it's cheap to run an easy to charge and the car can be plugged into a typical wall outlet. but it's electric batteries have to be imported. that's something to start up hopes will change. soon. bolivia sits on the world's largest deposit of lithium bolivia as president is in favor of industrialize, in the indian nations lithium resources. though many don't expect of that to

happen until at least 2030 and experts still think the start up is headed down the right path. in the meantime, we both have evil when both evil and this is a very positive undertaking company to then because it establishes a precedent in the country the though they get a president because it introduces and generates a market for electric cars, a little south of elect these electric cars may be many, but their potential is mighty as now, time for us to we charge. thank you very much for watching this business update from data with, with

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but global struggle for water thirst starts august 10th on d, w. ah ah, this is dw slide from bo, then lamesa lansky says ukraine can once again help treat the world. the president visits a black sea port way. the 1st vessels are ready to set sail. there waiting for the united nations to declare it's safe under a deal with russia. alaska is on fire.