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, a long, safe shipping lanes. it's hope ukrainian grain can ease a growing global crisis. as far as hunger goes, the vessel is carrying 26000 tons of corn and will head 1st to turkey for inspections then on to lebanon. ukrainian officials say i'm looking ports will provide at least $1000000000.00 annually and foreign exchange revenues for the economy. so, you know,

economists gabriella fed eliah 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, prizes have already anticipated the fact that the grain deal is in place and the have started to come down already weeks ago. so what we now see is that the deal olds and there 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. corn soybeans, rice, also not only depends of course on the, the war new crane. they depend on weather conditions around the cold on the harvest, that is going to come in this full, what is doctor to come in already? and these factors are quite important as well. and so the fact that it was a russian commodities are now more easily going on to the old markets is good,

but when a t t 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 the way seeing in so many parts of the world? so i think the volatility is certainly due to the or we have seen prices or divorced oxygen will crane that is true for a lot of food staples as well as this reflects of course, the recovery of the world economy after the crisis. this has driven the price is now that you see the u. s. b in recession, the germany close to china, slowing down. this will probably reduce the demand for commodities,

and that will bring down some of the extra price growth. the recovery after corona has generated. so i think the more important trend and the more no longer live trends is connected to that. to the corona cries, this was the war really brings is locked. and that if you get older, as far as high inflation goes, well how, how much longer do you think consumers will have to put up with this? where are we talking? months, are we talking years the people will have to get ready for you. you normal of types we're talking years and i think this is become quite clear now. all the data that comes in on the police and expectations shows that it leads to the next 3 years. inflation will be much higher than the 2 percent or so the central banks around the world, the 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, or 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 depletion faster. but it's certainly sold at high inflation. is not something that will be, or let's say in a couple of months. great to get your take on those topics. nonetheless, go, we have ever my senior economist force in vienna. thank you. thank you. good. or people are feeling the effects of high inflation suddenly and hungry pensioners are especially hot here that the government has started setting prices for certain foods. otherwise place would be even higher, but it's businesses that are 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 the i don't fill up my glass any more of that ever happened? oh ha. 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 to her 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 in 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 take 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 get people fear that inflation will just keep on climbing even if apricots, or 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 what the announcement comes as tensions between washington and aging, grow over a range of issues including technology, human rights, anti one pilots. janelle, i look tanza have voted in favor of a strike. it could mean further disruptions during the busy summer travel season. the punch unit is demanding a 5 and a half percent pay rise. strikes and staff shortages have already forced carriers to cancel thousands of flights. and course ours don't cues at major a port

time when he's tech jive t a m c warns 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. germany has been trying to clench a deal for a plant from ts, m. c. 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, a warning of a lack of semiconductors due to the tensions in taiwan. do people in taipei have the same concerns?

was you mention people here to have concerns about a shortage of cheap but this 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. my 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 i was thinking between the us in china. we've been discuss laura if the chips and science act passed in the us last week. there is a place to increase the amount of my close chips in the u. s. there has been tie, one will read about it, keep a decent make you say me conductors with we all know, tie one place. the important role in global supply upset me conductors dominance, there was production of semiconductors to response a to respond to the chief ac in the us. the tony's authorities also try to surely

come to been seen the doctor duction. yes. made a statement regarding the ship's act in the us saying that it could help taiwanese chip 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 mc, which is the largest to make a mix while they're half of the chip in the word in daily life. many of all a high tech products have high quality chips in site. since you have an eye for your pockets and also a laptop desktop, those old needs ships, insights and chips us so insane. so companies 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 competing people news. and this is why tell me, what's manufacturer, industries very imposed in full word. okay. it's got to be very interesting, 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 inside 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 are 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. official say they are the expect, a slow stop. and reminder of the top business story we're following for you. this hour of a shipment of ukrainian grain has set up for the port of odessa, even as the war with russia rages, it sitting under an internationally broken deal designed to release large stores of ukrainian crops to foreign markets and hit off a global food prices. i've been puzzling, nice doing business with with

ah, ah, homicide and accidents, a man living dangerously science is trying to solve jesus from the stone age and figuring out the victims time of death. each case is always a thriller tomorrow today. next on d, w. o. maker raring to read. if there is any

erotic benefits or in them, you'd have to find it between the lines. she w literature, 100 german street. a thought they were great. mm hm. mm mm hm.

ah ah ah, it will be your news alive from berlin. a raucous reception for germany after a run to the finals of the european championship thousands of what frankfort main square to welcome back the german football team after the squad to last a closely thought final with england.