south american countries have made a joint bed a continent last hosted to woke up in 2014 germany. one title in brazil. is reminder of our top story, this our here is how speak and nancy pelosi has left to taiwan after a visit that to raised tensions with china, she said the rest would help boost at ty, one's ability to defend itself. china has anonymously increased military exercises off times, coast in response, boiled years at the top of the hour, rob watts has your business update next. have a good nico in germany, to burn german pollution pinnacle. why not learn with him online, on your mobile and free t w's e learning course eco's big. mm

hm. ah, ah, there was a brief visit, but with potentially long lasting consequences. nancy philosophies, ty, one trip, sees china respond by placing a ban on imports of thousands of tie when he's fi products, but assess the potential impact. they became the masters of mame stalks,

but now retail trading platform. robin hood says it's flashing it staff numbers as crypto continues to crash. and the warren ukraine has driven millions of lions out of the country. but here how working online has allowed many of them to keep their jobs. this is data we have business, our robots in berlin. welcome to the program. and we begin in asia where the fall out from us. how speak a nancy pelosi is visit. to tie one continues. she may have left the island already, but tie one's gigantic neighbour. china's anger hasn't subsided. if he is tiwana as a breakaway province in sore places, visit as an infringement of its sovereignty. in response, beijing has banned in ports of thousands of taiwanese goods, mostly foods, but it stopped short of targeting the government in taipei most valuable asset. it's electronics industry. nancy pelosi surprise visit to taiwan,

threatens to throw off course washington's find balancing act, neither affirming nor denying beijing's claim to the territory. i west and chinese stock sank on the news policies and attention to visit investors worry it could inflame tensions between the 2 powers. stability in taiwan is important for global supply chains. taiwan holds 20 percent of global computer chip manufacturing capacity. it's the leader, while the likes of china, the us and europe like far behind, and look what happens when we focus on the most complex and powerful chips. those under 10 nanometers taiwan is by far the most dominant. trailing far behind is the only of the country making such complex chips. south korea, the manufacturing of these chips is so complicated. the production processes are extraordinarily hard for other countries to copy. ty, one's tech industry has helped it become rich with

a g d. p per capita of over $68000.00 more than 3 times higher than china's with it's large, but mostly poor population on the wall street journal of it. but the islands long term future under china's shadow is uncertain. beijing sees the visit as a provocation. so investors and security experts alike are alert to anything that could tip the balance in the china, taiwan rivalry. a u. s. based retail trading platform. robin hood is cutting nearly a quarter of its staff in slashing his work force by 23 percent, blaming high inflation. and falling crypto currency marcus, it's c o. it's mets that it had built of its staffing numbers based on the assumption that the boom in return investment during the pandemic. we're continuing to 2022, which it hasn't robin hood's revenues for the last quarter. we're down 44 percent on a year ago. let's get more on this from our correspondent at the new york stock exchange

. teddy austro teddy good. have you on as ever. i mean, why is robin hood so exposed, i suppose, the misfortunes of their crypto currency mark while rob to answer that we have to understand why robin hood experience such explosive growth in the past few years. and that's because in 2020, 2021. when a lot of people were sitting at home due to coven restrictions, and had a little money, little bit more money in their bank account, due to the stimulus tracks. well, robin hood was there to take in and a whole new wave of retail investors. where did the investors go? well, this is where the mean stock frenzy of last year that i'm sure a lot of people have heard about comes into play when a coordinated group of retail investors, coordinating online and places like red. it invited a ton of new retail investors into the space to invest in under performing companies such as game stock such as amc by crypto currency is of course, where

a huge part of this. i'm sure a lot of you have heard of doze coin. well, this was a ton of the trading volume on robin hood. so when we saw the crypto market fall in the broader stock market fall, well robin hood took a hit and of course saw that they overextended themselves. and now they have to do these layoffs. speaking of currencies, actually we've just had proposed bill put forward by a group of bypass of grief sentences in the united states that would aim to further regulate crypto currency. can you just explain to him what explains why they're thinking? yes, well this bill is trying to tame the wild west if you will, of crypto regulation. that is, that there's very little regulation of crypto at all this specific bill, which comes after a few others that have been proposed would take crypto currencies under the authority of the c, f t. c. that's the commodity futures. trading commission, regulating them as digital commodities, as opposed to securities,

which fall under the jurisdiction of the s c. c. now this comes after trillions have been wiped off of the crypto market. um, in the past year, bitcoin went from 60000 dollars last year to $23000.00. and there's a ton of elicit activity that go on money wandering fraud. and this bill is trying to obtain that under the s s e f t c. a lot of letters that they'll stay in new york for us. thank you. now, russia's gas prom claims, the delivery of a turbine needed to increase flows down a key gas pipeline to europe is impossible because of western sanctions. moscow has been steadily reducing deliveries down north stream, one blaming technical problems, including the late return of the turbine from canada. but on wednesday, german chancellor, olaf shouts inspected to the turbine, which is in germany, waiting to be sent on to russia. he insist gas prawns claims aunt credible and the turbine is in full working order. still niches. you're invited. cons,

nothing stands in the way or forwarding the turbine to russia. wilson except that the russian customer service to see that they wanted vote and that they provide the necessary information to customs. all other permits have already been cleared. it is pretty simple. the turbine is here, it can be delivered. someone simply has to say, i want it was, no humans are going to have all of shots there. another business news. now, the international monetary fund says, european nations shall pass on the increased cost of energy to consumers in a bid to encourage them to save energy the i m f, suggest that the current broad and measures keep demand and prices artificially high. suggesting aid measures be reserved for low income households. annual inflation in turkey is up again to an eye watering. 79.6 percent in july president regina type ad one has tried to take credit for what he calls price stabilization.

but many economists are criticized his low interest rates. the central bank expects inflation to retreat to around 40 percent by this time next year in the 1st cargo ship to leave ukraine. since russia invaded has passed through danville on his way to lebanon, where it'll deliver it shipment over 26000 tons of corn. on wednesday, officials inspected the ship as part of an agreement with russia to ensure safe passage of ukrainian grain stops out of the country. germany is exporters, half logged strong growth in the 1st half of the year despite the facts of the war in ukraine. statistics show that german businesses exported 750000000000 euros of goods. that's up 13 percent on the same period. last year. value of inputs grew to rising by 26 percent to 722000000000. driven by the growing cost of energy. we've been getting an assessment of the overall picture from claimants cobra at the

german chamber of industry and commerce. our expectations for the german exports have still been quite dampened over the last couple of months. while the latest figures now may seem positive at the 1st glance, it is clear that a lot of these increases are actually due to price increases. and that's really a pity because, you know, german exports with ratio of 50 percent of the german gdp means that every, every 2 percent increase would translate to one percent increase in g d p. and so these exports, mainly and imports, increases mainly being due to price increases means that in real terms, foreign trade is stagnating, which is not normal for germany. for warheads in february, ukraine's i t industry was one of its crowning glories. the country could draw upon

a wealth of programming, talent, and startups with flourishing. since the russian invasion, the industry has proven its resilience with ukrainians, forced to leave their homeland still able to continue their work. it's a few last edits for diarrhea minutes before she'll take the stage and then networking meeting. she's one of many ukrainian i. t specialists working from berlin these days since their full scale war started in ukraine. unfortunately, i was too scared to live in my country since i can barker more liam. and so i think i can be more productive from the safe place than from like dangerous one. she is not alone. the german ukrainian organization feature has brought dozens of ukrainians, start up employees to the networking event we want to connect ukrainian and the german people and also to make people aware that se ukrainian

companies, they are really cool, they are innovative. and with them people and companies in europe and in berlin specifically, they could work and cooperate. re face is one of those ukrainian companies. and it's app has been successful internationally. on stage. darya talks about how the startup found its own way to support ukraine during the countries war against russia. barrier wooden is the 2 sis. i won't stop after destroying ukraine's independence. my muster plan is to restore the soviet empire parts a few cranes economy will likely collapse due to the war. it's g. d, p haft, that's according to i, m. f. estimates for industry and agriculture are devastated. the booming i t sector however, remains mostly intact. it could be an important pillow for the country. many

companies including re face, had to restructure amid the chaos, but they're still successful. i'll tell them i really hope that the results of our idea in the state and our thoughts show that we can work remotely, and we can be effective and productive. nevertheless, re face has become one of the most popular apps in the u. s. sest area. most of its users, however, likely don't know that the company's headquarters lay in war torn ukraine. that's all from us with dry facts. in most parts of the water, at least one year, you're experiencing some stress there's plenty of sea water, but desalination is energy intensive. band expensive. uh,

berlin based start up shows us. it doesn't have to be this way, global 3000 next on t w. is it just a sanctioned loophole, or is it heralding a new era? when explores new trade with because western ports are close to russian freighters . the route from st. petersburg to buy is now much faster. is the war and ukraine, a game changer for world trade? me in germany. in 60 minutes on d w. ah, let's be honest. summer break just doesn't really mean

much does it without the bundis league? oh, well, don't worry. it will all start up again soon. as legal football, action goals, all in hong kick off. stuart's august 9th here on t w finally. ah, ah, welcome to global 3000 new life in the step villages in tanzania, a replanting forests, and encouraging the re.