along the waterway, they were raising money for these special olympics proceeds will fund sporting opportunities for adults and children with special learning needs. on the day there was a winning duke, but as they say in sport, it's taking part that counts alright, you're watching the w news coming up next business news with rob watts. and remember you can find more news on our website, t, w dot com. and you can follow us on our social media accounts on pablo foias from the team here in plenty. again at the top of the next step with the lender 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? we received your head it this is the pulpit tour unleash on violent boss and re imagine these teachings for relevance to gandhi's legacy store to august 6th on b, w ah, the u. s. is selling to the world exports from the states have hit a record high of it, strong demand for its oil and gas, but how much can we read into it about the status of the u. s. economy. to have an energy firm went as hard. yeah. has resisted fresh air to pull out of russia of the

war. how long can it keep working with the russian state? driverless cars taking to china street does the home grown technology is now no room for tesla? this is d to be a business, i'm of what's in berlin. welcome to the program. you figure show us exports, hit a record high in june, goods and services titled i have a $260000000000.00. that's up for point $3000000000.00 on mays figure, which was itself or say, a record sales of oil, natural gas, gold, and aircraft contributed to the rise. the u. s. also narrowed its overall trade gap for the 3rd consecutive month. however, a search and imports saw its trade deficit with china rise to a new record. let's gamble in this from a correspondent at the new york stock exchange teddy australia. teddy just

explained to his what's behind this record level of expos from the united states. yes, rob, well the ex works are certainly contributing to this extraordinary shrinkage in the trade deficit here in the united states. what seems to be driving it, our energy and food products primarily that's industrial supplies and materials such as natural gas or petroleum products. but we've also seen an uptick and things like gold. now what's driving those exports is actually demand in other parts of the world for energy, particularly in europe, which is trying to win itself off of russian gas for its invasion of ukraine. well, united states is the largest producer of natural gas and with european demand rising. we're seeing the u. s. become the largest exporter of natural gas on the planet, even surpassing guitar record exports. good news on the face of it. but how can we actually read into figures like that about the state of the us economy?

yes, well, rising exports that, that is great, but you have to look holistically. let's look on the other side at the import. well, does that mean that when imports are decreasing? does that mean that domestic production is ramping up and they are making those products that we would normally get overseas? will not necessarily. it could mean that we are seeing decreasing demand for those products, which should be in line with some of the other economic indicators that are not so exciting, such as shrinking g d p for the past 2 quarter is inflation is still roaring and eating into paychecks. and to the consumers, even shifting spending, business investment is down, manufacturing is down. so we can look to export. so we can say great, this is one of the good things in the economy alongside the job market, which is still roaring. but even then there are cracks. there. we saw jobless claims up, so exports. it's wonderful, but we have to look holistically in the economy. ok, teddy australia in new,

new york, or even thank you very much. now, many european companies have withdrawn from russia since it launched its full scale invasion of ukraine in february. but not the german energy company vince was how dare it's making billions in profits, in co operation with russia's state and gas from 1300000000 euros in the 1st half of the year. the company wants to stick to its projects in russia, but criticism is getting louder a year ago winters, how dia uploaded video to youtube in it, the gas production in cooperation with the russian state on company gas. one is still praise in the highest tones. winters hell, deer and gas prom proudly announce 1st, guess for them, mega project touching, develop. this came years after russia in ex crimea. and as it's proxies occupied ukraine, stan bus region, but pollutants,

aggressive policies didn't stop the company from continuing to pursue as economic interests as early as 2014, entirely in line with the german government official policy. as heist yet, it's now a matter of building bridges, not tearing them down up because the company has numerous cooperative ventures with russia. the most important of those, the joint exploitation of the, nor the lingo eagle field in siberia, together with gus from vent us. her dia is also involved in the north room $1.00 and $2.00 pipelines only now has the company announced that it will no longer start any new projects, but it wants to hold onto the old ones. it's argument. if the joint ventures are abandoned, everything will fall into russian hands. i've been discussing that as house position with a lewis wilson from the international angio, global witness. he thinks it's too late for the company to redeem itself for its

close cooperation. the russian state damage has already been done. it's quite clear that vin, to show over the course a number of decades set out to build up rushes, fossil fuel infrastructure. it set out to build up germany's dependence on that. and the argument backs to leave. russia would simply hand over a few years to the russians. doesn't stuck up. and ben shaw has made quite enough money. acid rush right the, even just this year, doubling profits on it. gas. we are research. i pull 100000000 years from russian gasoline in the 1st 3 months of the if they were serious about the statements that they've made. they would set up a fund and he's all profit from russian gas to, to help from the reconstruction of ukraine. but they're not serious about it. tell us, take

a look at some of the other business stories making the news with western countries sanctioning russia for its war against ukraine. moscow has been increasing trade with others in july, russia became the 3rd largest coal supply of india, shipping, just over 2000000 tons. that's 20 percent more than a month earlier in the uses. most of it to generate electricity, consumers are anxious about the european economy. according to a survey by the european central bank, they expect higher inflation and weaker economic development saying they also expect spending to rise considerably more than income is the 1st time the c b has published it's consumer expectations survey, which is going to release every month. now, lotanza is booked, it's 1st net profit. since the pandemic began germany airline and 259000000 euros in the 2nd quarter. boyd by freight operations. the news might earn some passengers though, who seem chaos at airports this summer of times

a canceled thousands of flights recently. now, cuba is as good as bankrupt life on the island is becoming increasingly difficult in his attempt to desperately get foreign currency. the state increased the official exchange rates to the dollar 5 fold on wednesday in the hope of getting its hands on the u. s. currency of both cubans and tourist $120.00 cuban pesos to the dollar. that's the rate the state is willing to buy foreign currency from its citizens, much higher than the $24.00 pesos it was offering. it's part of the government's desperate attempt to get hard foreign currency. notice you'll get the more we've taken the decision to make a 1st step in buying foreign money with all the foreign currencies, including cash dollars. the exchange rate will be better than the $1.00 to $24.00 pesos that exist today. so barrier, i'll people are gonna be winnable into what?

until now, cubans traded their dollars on the black market, where the exchange rate was $115.00 pesos, and tourists money often failed to end up in government coffers because of the unattractive official exchange rate. the government now wants to change that. cuba is dependent on important urgently needs convertible currency for food, medicine, petrol, or oil. the economic situation on the island is worsening. many have lost faith that the government has the power to get a grip on the economic crisis. chinese search engine by do has become the 1st company in the country to roll out, driverless cars on to public roads at the same time, though teslas have been banned in some parts of china. and suppose it security grounds observers say it's another example of beijing inviting in foreign firms, copying the attack and then kicking them out. china's driverless cars seem to be

going from 0 to a 100. this one is an s u v, where the driver and even steering wheel are optional. search engine turned a i developer by do unveiled the model just last week. and some of its older models are already being piloted on beijing's roads to les his founder of sino auto insights, a beijing based auto industry consultancy for our when we talk. moreover, taxes that still far away out. he says that chinese companies want consumers to get familiar with the cars by 1st offering them as right hailing services like uber or dd except robotic. but real life hazards could delay for commercialization by many years. specifically in china, there are a lot of scenarios where we wouldn't see them in germany where we might have a cell unsure or delivery vehicle or a motorbike that's crossing lanes without the proper notification and things like that. and so we're, so quite a ways away from point to point where you call

a car like a dd. there's no driver in it, it picks you up and it takes you anywhere you want to go in any weather, in any season. the data they collect ranges from mapping to voices and visuals like faces and license. plates collected by on board cameras and sensors, including around sensitive areas like military zones and government agencies, underscoring some of those concerns. china has been barring tesla's from parts of the country that top chinese leaders visit. in this regard, chinese, driverless carmakers may be better poised to dominate their home market. if an lamb is senior analyst at hong kong based counterpoint, research a chinese konica, they are very good. ah inter, great us. they, i walk in there where these are the ah service provider. all are the solution provider. they like to say the cause you case, they install your seek them in the local into my car. even if foreign players can

adapt a chinese data loss, it's still unclear to what extent they can make significant inroads. what you likely see is the by for taishan chinese companies and in american companies dominating in their perspective loan regions. and then may be competing for regions like europe, south america, with rollouts, of autonomous vehicles now happening in both china and the us. the battle for tech supremacy could be moving into the streets as oh, from a on the business team here, and berlin until next time. take is the end of the pandemic in site. we show what it could look like will return to normal. and we visit those who are fine. his successes

in a weekly coven. 19 special. next on d. w. a 1000000000 trees plant cannot global reforestation program. save our climate ideas. sounds fantastically simple, but is it? which trees are suitable? and above all, where should these need for his credit? in 60 minutes on d, w o. b, red alert. this isn't just route is

a rid if occasion. i think we're going to have some epic fighter. with a warning meter is becoming a scarce commodity. things just getting dryer and dryer, and we need more and more water. he's only earth dying of thirst. there's no water and oh, look, global struggle for water. thirst starts august 10th on d. w with o. sewage is dirty. that's interesting. and a potentially useful early warning system and a pandemic. a pilot project in germany is working out just how useful in india, the pandemic has led people to grow more of that food locally.