they're hoping senegalese voters will give them enough seats to prevent that from happening here. what teen day? delaney is leih from berlin. now don't forget you can always get d w news on the go. just download our app from google play or from the apple app store. and that'll give you access to all the latest news from around the world, as well as push notifications for any breaking needs. business is coming out next with my colleague at the end facility. i'm an campus mckinnon in berlin from me and the entire teen head. thanks for watching with a lot of contrast of ambitions of inequality. 75 years ago, mahatma gandhi peacefully led the country to independence,

full of ideals. what is remained of his vision? what's the status of human rights and social justice in what's called the world's largest democracy? willis, india headed. this is the pulpit tour unleash on violet bass. and re imagine that these teachings for relevance to us. gandhi's legacy store to august 6th on d. w. ah, keith calls it relief for the world. the 1st shipment of grain leaves ukraine since russia's invasion block shipping through the black sea over 5 months ago. parts of africa, asia, and the middle east face a hunger crisis. also coming up in is soaring across the european union,

but hungry is especially hard hit. and it's not because of the war and as tensions rise over time, one, us take steps to isolate its economy from china and taiwan. i've been for solon, let's do business. a 1st shipment of ukrainian grain has set off from the port of odessa, even as the war with russia rages. it's sailing under an internationally broken deal designed to release large stores of ukrainian crops to foreign markets. the ship and ships to come a being monitored from a control center in turkey along safe shipping lines. it's hard, ukrainian grain can ease a growing global crisis. as far as hunger goes. vessel is carrying $26000.00 tons of corn, and we'll head 1st to turkey for inspections, then on to lebanon, ukrainian official, se, unlocking ports will provide at least $1000000000.00 annually, and foreign exchange revenues for the economy. so, you know, economist company,

i said, elia joins us from vienna. how much relief will today's news bring commodity markets? do you think? well, there's certainly some relief. you know, prices have already anticipated the fact that the green deal is in place and the half started to come down already weeks ago. so what we now see is that the deal olds and that is the good news. when do you think real relief will come to the market? you know, the high prices of all sorts of commodities we core. so these rise also not only depend of course on the, the war and ukraine, the defense on weather conditions, around decal on the harvest that is going to come in this fall when it started to come in already. and these factors are quite important as well. and so the fact that the russian commodities are now more easily going off,

the market is good, but it will remain high. and the shortages are on the, on not only cost by but there was a conditions apart from those 2 factors. what would you say, would you say more is driving up prices right now, or is this to a certain degree post pandemic inflation that way? seeing in so many parts of the world. so i think the volatility is certainly due to the or we have seen or the more oxygen crane that is true for a lot of food staples as well. this reflects, of course, the recovery of the world economy after the crisis. this has treated for price is now that you see the u. s. b in recession, the chairman, you close to the china slowing down. this will probably reduce the amount for

commodities and will bring down some of that extra price growth that the recovery corona has generated. so i think the more important trend and the more no longer live trends is connected to that. so the current crisis will do, or really brings is a fee, and then you get over as far as high inflation goes. how, how much longer do you think consumers will have to put up with this? are we talking months, are we talking a year? is that people will have to get ready for you normal of types we're talking years then i think this is become quite clear now. all the data that comes in on the police and expectations shows that it needs for the next 3 years. inflation will be much higher than the 2 percent or so the central banks around the world to target. and even in the 5 years window course, a lot of uncertainty there. but even though that long window expected depletion

remains to percent. but of course, again, it's true that the central banks are reacting if growth comes down faster than many think it will, then this will also bring down deflation faster. but it's certainly sold at high inflation. is not something that will be over, let's say, in a couple of months. great to get your take on those topics. nonetheless. got for maya senior economist for us in vienna. thank you. thank you. or people are feeling the effects of high inflation, certainly, and hungry pensioners are especially hot here that the government has thought at setting prices for certain foods. otherwise, inflation would be even higher, but its businesses that a paying the price t bore cells beans from his garden at the market in cure. he's 82 years old and has

to earn extra money. he says his pension is $230.00 euros a month, and it's only getting smaller because hungry is inflation. is it a 20 year high? oh i that okay. i had, i just buy less. when i get milk, i no longer buy for leaders at just 3 and i don't fill up my glass any more that can happen. oh, this is how many people deal with inflation in hungary. the government is trying to help by setting prices for some goods. they must be sold at the same prices as 6 months ago. without that inflation would be 14 percent. but now producers and sellers are forced to absorb the cost. had nekisha then it's difficult because everything has become more expensive, but we're told what the price has to be that are all e u countries are suffering from the effects of inflation. but hungary, more than most, a big, big reason of the high inflation environment in hungary. is the war itself and the

sanctions are which have been imposed by the european union. but hungry has been granted exemptions from sanctions. it's allowed to keep receiving cheap russian oil . experts say the real reasons for the exploding prices came before the war. part of the inflation is the government term because the budget has spent too much or 2 years ago, and those were last year and this year in connection we did the election. there's been plenty of government spending an overpriced construction contracts that largely benefit government allies. the e u has withheld funds due to what a all deficiencies and the rule of law, the keep getting bigger in response, the government is introducing new taxes for small businesses. there have been days of protests and the government has been pushing for the e. u to release those funds with before the government takes surreal. convincing step, i don't think the european institutions are in

a hurry to provide the money. and the more we wait, the higher is the cost of financing the budget deficit. here and cure people fear that inflation will just keep on climbing even if apricots are particularly be plentiful and cheap this year. in other business use, shares in alibaba have been falling off the u. s. authorities threatened to de list the chinese e commerce company in new york. that is, if it doesn't comply with auditing requirements report, one. the announcement comes as tensions between washington and aging, grow over a range of issues, including technology, human rights, anti one, pilots, a german airline. low cancer have voted in favor of a strike. it could mean further disruptions during the busy summer travel season. the policy is demanding a 5 and a half percent pay rise. strikes and staff shortages have already post carriers, the 10s of thousands of flights. and course ours don't cues at major airports.

taiwanese tech jive, t, s, m. c. barnes and invasion of the island would render its factory an operable, devastating global supply tensions arising ahead of a potential visit to taiwan by you waste house speaker nancy pelosi and the growing chip shortage continues. last week, taiwan said it's key position in making semiconductors won't be shaken in response to the west passing a law to subsidize its domestic semiconductor industry in an effort. it says to compete globally, europe wants to ramp up production, joe, and he's been trying to clench a deal for a plant from ts emc. the biggest player. the companies factories in taiwan are running it full capacity to alleviate the shortages. over to our studio in taipei where exactly is standing by ear, in germany and in europe. some politicians are warning about lack of semiconductors due to the tensions in taiwan. do people in taipei have the same concerns?

was you mention people year to have concerns about a shortage of chief police is not because of the tensions in the region for sure. an attack by china will cut up things. so technology co goods, a human capital lease is up the abyss. least less than the most people are concerned about. local people, you are very used to china. all attention between china and by what appears in between the us in china. we've been discuss morrow if the chips and science act passed in the us last week. there is a plane to increase the amount of my close chips in the us. there has been tie, one will read about it, keep us decent, make you send me conductors with we all know, tie one place. the important role in global supply upset me, conductors. it dominates the was production of semi conductors to response a to response to the chips in the us. the tony's authorities also try to surely

come to the doctor duction. yes. made a statement regarding the ship's act in the us saying that it could help taiwanese ship makers by providing them subsidies to build their manufacturing facility in the u. a. zack, can i just ask you how you see this story developing, considering the importance of the local semiconductor industry to the world and all these different changes and challenges that are facing the industry right now? yeah, it's amazing to one has t s embassy, which is the largest you make. you make more than half of the chip in the word in your daily life medium. all high tech products have high quality insights. soon you have an eye for your pocket and also a laptop, a desktop, those old needs chips inside and chips us. so if things so company of electronic

devices, like if like the brand of electronics in abilene technology is critical to global economy goods as well as nation know, security and the countries global compete is and this is why i was manufacturer industries very imposed in full world okay, it's going to be very interesting to see how this one plays out. lots of companies and countries involved. and the competition is going to remain fears. i'm sure, zach lee for us there into a thank you. thank you. now, during the pandemic, gape was one of the most isolated countries on earth. but a very beautiful one. and now, optimal in 2 years, new zealand has lifted its final border restrictions related to coven 19 all overseas visitors. and there were lots of the ones may now apply for a visa, it's hope is will give a boost to the country's tourism industry, allowing people to come and see new zealand spectacular scenery. it well as well,

make it easy for international students to return. that's also a big business for the islands. officials say they are the expect, a slow stop. and reminder of the top business story we're following for you. this hour for a shipment of ukrainian grain has sent home for the port of odessa, even as the war with russia rages. it's saving under an internationally broken deal designed to release large stores of ukrainian crops to foreign markets and head of a global food crisis. i'm been puzzling, nice doing business with oh africa. naturally leading the environment. and with a sophisticated design, a, our new tech zera alba to t has been focusing on green and affordable housing with to

whether the harsh desert climate, pico africa, next dw, from hot tips for your bucket list. ah, romantic corner chat hot spot for food. and some great cultural memorials to boot d w, travel off we go ah hello and welcome to this new edition of equal africa, the environment program. how cool production of channels devi.