from its course, it's bratia invaded into every well that set you up to date stick around because rob what was coming up with all the latest business news. reminder, you can find much more news analysis and video on a website that is d w dot com. you can also follow us on social media. we're at d w use and we're here to mohammed. thanks for watching. take care. bye bye. a red alert for the blue climate. ah, this isn't just drought. it is a red if occasion i think we're going to have some epic fighting here. over the

wounded her is becoming a scarce commodity. things just getting dryer and dryer and we need more and more water is over earth die of thirst. there's no water at home then it's like be a problem with global struggle for water and nothing can be done. thurs starts august 10th on d. w. ah ah, week prices for last ukraine hale is relief for the world. the 1st shipment of grain has left his port since a deal and it rushes blockade. can it ease the world under crisis? inflation is boring across the european union,

but hungarians are especially hard. it will explain why our production lines in the u. s. a losing, they have a mentor and we'll discuss why manufacturing growth is at its lowest for 2 years. is the state of a business owner of what's in berlin. welcome to the program. first, shipment of ukrainian grain, since russia's invasion has left the port of odessa, it set sail under an internationally broke a deal designed to release millions of tons of ukrainian crops to relieve world markets. the congo ship rezone is carrying more than just grain. it's carrying the hopes of ukrainians and people around the world. it's the 1st ship loaded with grain to leave odessa. since russia invaded ukraine, some residents of the port city see it as a sign not only of hope, but of progress. alyssa, on monday i heard the ship's whistle for the 1st time. i was delighted. look and

you finally, life is beginning to move forward and there are some changes in a positive direction. this makes me very happy that, that would, you know, in general, the port should live its own life. because odessa is a port city we live here. we want everything to work for us. for everything to bustle, phyllis, since the start of the war, ukrainian farmers have been hard pressed to get grain out of the country. ukrainian trains can't move on most e, rails, and trucks take days to get across the border. as harvest season approaches, many silos are already full and grain stored for long periods of time is at high risk of mold. throttle shows who no good was they'll have a 6000 tons of grain stored here. why are we supposed to put the wheat when the next harvest starts? luxury of love. there's no outlets, gary,

any amount of grain could be left on the fields. militia, electric is a local. but solving the troubles with transport isn't an instant solution for high food prices. economists say the prices of commodities like wheat, rice, and corn, and not only dependent on the war, but also weather conditions and the success of the harvest. the fact that agreement also russian policies are now more easily going on to the old mark, is, is good, but all acidity will remain high and the, the shortages are on big nope, are not only caused by while the war, but also by clemente conditions, cautious optimism, is ripe among many farmers hoping to sell as much of their grain as possible. while the negotiated corridor remains open. staying in europe and hungary was already facing inflation province before russia's invasion of ukraine, sent prices across europe. soaring now,

the cost of living for some hungarians is becoming unsustainable, and the country's elderly are among the worst hit. t bore cells beans from his garden at the market in cure. he is 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? although i little cover i just by less when i get milk, i no longer buy for leaders get just 3 and the i don't fill up my glass any more that can happen. 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 making share, 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 and overpriced construction contracts that largely benefit government allies. the e u has withheld funds due to what it calls 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 a real 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 of people fear that inflation will just keep on climbing, even if apricots, or particularly be plentiful and cheap. this year. moving on us manufacturing is growing at its lowest rate since the early months of the corona virus pandemic. a key index of factor activity has hit a 2 year low, according to data released on monday, the institute for supply management. so it says production is also slowing and orders a shrinking figures suggests that we can demand for factory products is taking place as the u. s. economy struggles from an enter my,

let's get more on this for my a correspondent at the new york stock exchange. teddy austro teddy. always good to have you on. just explain to us boy sally's behind this slow growth. while rob, this is a worldwide phenomenon, it's not only the united states, it's around the world we're seeing manufacturing slowing or even contracting in europe in china, and other parts of asia. this is a story of inflation and the supply chain crises now. here in the united states, this is, this is a consumer economy. now, inflation, these high prices have really helped ship consumer spending towards the essential, such as you food, such as fuel, which i've seen incredible price increases and away from the big ticket items. now retail stores and other companies have really been shouting for the hills about this, and factories are taking note of it as well. manufacturing may have slowed but new factory orders have actually contract it here in the united states, which are raising the eyebrows of economists who believe that

a recession may be on the near term horizon by and in the u. s. you've also got the factory inventor, is that, you know, the fully said they've been since 1980. does that seem as a good thing or a problem? well, there might be some good news in the bad news. the bad news being that this is excessive inventory. that's not great for the economy. when all these companies on factories have too many goods for not enough demand? well, the, we have to ask, why are we seeing the success of inventory? well, when demand was in resurgence late last year and earlier this year, companies wanted to stock up, but they had difficulty because of the supply chain disruptions they couldn't get the goods they wanted. now, the good news perhaps is that the supply chains are easing. and what this is doing is eating some of the inflation associated with it. so we are starting to see perhaps a peak and inflation according to economists, but we're a long way from

a complete using of the crisis. okay. also in new york forest, thank or another business news gas prom says it's sales of natural gas to china and not making up for reduced supply elsewhere. the russian energy companies that exports china increased 61 percent so far this year. however, it admitted overall gas production is down over a 3rd mostly do is apply cuts to europe deutscher bank says it broke regulatory rules to enable tax fraud by its clients between 212011. as according to an internal investigation, the so called comics, the scheme took advantage of a loophole to hide investment revenue from german authorities, costing the taxpayers billions of euros in reimbursements to investors nie inflation and rising energy prices have germans keeping their wallets closed for the month of june retail sales dropped by almost 9 percent steepest decline in

almost 30 years. says we're down for groceries as well as consumer goods and online stores. we're losing as much as bricks and mortar as well. and his new president, ronald victrum, a singer, has the unenviable task of trying to calm a furious nation. for lincoln's forced out his predecessor following di economic reforms, the trigger a wave of unemployment and a vital lo, needed to rescue the economy, has just been delayed. fuel shortages are one of the pain points, entree lancaster, ongoing economic turmoil with drivers queuing for hours even days in an effort to bring order to the chaos. these q r coats act as digital ration books to our good man. i will day, i'm with you. our system is good for the quantity they give is not enough. find that 3 wheelers get only 5 leaders. it is over in a day or a day and a half 1000. if we can get $25.00 leaders a week, who will be all right, i'm on and i really there is about that are like,

i'm like that's one of the regular ma. this is a very good system. under this system, many more people will get fuel update of our mega hannibal only. there are also cues at this community kitchen. more people need support, but the ongoing crisis in the country makes it harder to help. the only thing with firewood and right now we don't have get a thing i for example here we don't have that much, i'm guessing like for you to light up the fire you need get a thing i. so the biggest challenge right now is no, no gas, no kind of thing. oil. plus with the transportation issue, we're having left volunteers helped to stabilize the country could come in the form of a loan from the international monetary fund. but this is now been pushed back a month. the president's office blaming the recent demonstrations that forced his predecessor from office trill anchor's prime minister turned president, may be able to impose order. but until the economy is brought under control,

many shoreline cans will continue to struggle. now during the pandemic, it was one of the most isolated countries on earth. but now after more than 2 years, new zealand has lifted its final border restrictions related to coven 19 all overseas visitors may now apply for a visa, it's out ill give a boost to the countries tourism industry and make it easy for international students to return myself and the on the business team handling, promoting that to our website data we dot com, slashed business till next time back to ukraine. gere cozen has no idea what is waiting for him in urban. but the photographer has made up his mind. she wants to document the

devastation and human suffering may accompany him on a difficult return to his home country, which is still at war. close up. next on d. w. a pulse with the beginning of a story that moves us and takes us along for the ride. it's own about the perspective culture information is dw and d, w made from mines. oh, you become a crew in franklin,

i already know with about hackers and paralyzing the tire societies. computers that i showed you and governments that go crazy for your data. we explain how these technologies work, how they can go in for a degree, but how they can also go terribly ah, what you now on you to oh .