by an would have the law slough substitute leroy son, a beautifully set up jamal luciana, who doubled his account to feel a 61 women opening day bombs, storming by and assessing the bow incredibly high. you up to date here on d, w op next, rob. what's will have some surprising job numbers out of the u. s. in your business uptime jared greene, in berlin. se tooth is just a thought. say what grade he will be by

going to have it in the glistening place along the mediterranean sea, a star. and so far, abdul karim drift along with exploring the modern lifestyles and the mediterranean maybe 2 in journey in 10 episodes starts august 14th on d, w. o . u. s. jobs market bounces back. the latest employment figures blow forecasts out of the war said to return american joblessness to pre pandemic levels. we'll hear from our correspondence to mistakes. tensions over taiwan hits new heights. china

says it's suspending cooperation with the u. s. over nancy pelosi visits to the island. and tracking the production of palm oil, a swiss starter is using tech to try to ease the minds of consumers concerned about supply chain. this is due to be a business owner. what in berlin, welcome to the program. and we begin with some astounding figures from the u. s. american employers added over half a 1000000 jobs last month, more than double what economists had been expecting. they'd forecast a decline from june's figure of around 400000 means the u. s. now has recovered all 22000000 jobs lost during march and april of 2020. when the pandemic smashed into the country's employment market, the surprisingly good figures. welcome news with americans facing persistent inflation and the prospect of a recession. well, let's get more on this from our correspondence at the new york stock exchange,

teddy australia teddy was going to have you on the program. just explain to us how we ended up with these surprisingly good job figures. yes, well it appears that there was a pretty major under estimation of how serious the staffing shortages are here in the united states. businesses are struggling to find workers to meet that resurgence in demand. now in 2022, this is still seems to be recovery from the major head from the pandemic in 2022 employment. now you can see this pretty finally in the services sector. some of the major growth we've seen was in the services sector, and it makes sense actually because consumers which have spent so much money over the past 2 years on e commerce and goods have shifted their spending now to services or businesses are certainly struggling to find workers to fill that gap. meanwhile, it also appears that

a lot of workers have dropped out of the job market entirely. so so what sort of reaction if we had to these prize any, be good figures? i imagine the markets about something said about it. while one would expect that the markets would be quite happy about this, but they don't appear to be. this is the sign of a strong recovery. certainly it means that a lot of economists, a lot of analysts may be 2nd guessing, thoughts about recession this year, or recession next year. but what's going on is the market see that they may have made an unpopular bet that the federal reserve is going to ease the interest rates in 2023. now why, what does the job market have to do with this? well, there is an expectation because the job market is so strong that the fed will have to raise interest rates and tamp down on demand. so, yes. okay, teddy australia, at the new york stock exchange for us. thank you. bye. now china's

response to the us how speak and nancy pelosi visit to taiwan is taking a toll on regional trade. chinese military exercises have prompted some ships to navigate around the tie, one straight disrupting t weeks ago and commodity sailing around the world. aging has also announced it's the same dialogue with the us on key issues including climate change. or the fallout from nancy places visit is increasing by the day earlier this week. china band in ports of a 2000 different food products from taiwan, including things like fish, fruit, oil is cakes even, and processed food. now, beijing has also stopped exporting sand particular to the island of taiwan, a product necessary for ty, one's construction industry, and what small it's created. an effective blockade tie one to as it patrols the c surrounding it. that could deter imports and exports paralyzed tie once economy and

cripple with the trade in all important semiconductors. so let's get some analysis on this. we've been hearing from alexander good luck from the carnegie council. the ethics and international fess mary is very, very small. i think it's a little country and it has a strong ally in australia, japan and the united states. and. ready mine that japanese trade and number 5 and they would be the best of say if taiwan and china would get along just as friends. but at the point at this point, moment in time, this is not the case whose taiwan is given is location. of course, depending on a good relationship to china, more than the other way around. if you want to be like the biggest economic power in the route and having like the at the, at the international community. china, i think twice, 3 times. if you want to only like a small little neighbor,

next thing on argentina's, new economy minister has pledged to retain the country's struggling economy. sergio massa has announced multiple measures targeting inflation and the countries big budget deficit account. he succeed where his predecessors failed. argentine has had 3 economy ministers in the space of just a month, but the latest sergio massa has started his tenure with a clear goal to follow the i m f. c guidance to help stabilize the economy. we must so you will not be made out of that the other day. we had our 1st working meeting with the i m f. i don't like it was productive on the implementation of the financial program in a lot of what we agreed to continue the planned payments and to face the challenges of the measures that are pointed out to laura danville about to be with that media . whether our or late flexion, inflation is one of the main issues to fight is anthony during the last month and the one that just had guarded of all the difficulties we are facing as

a country and government inflation will be the most difficult. oh yeah, i don't know when a saddle of a miss and my the if it will go to somebody blood anadia. inflation is argentina's biggest challenge, leaping from a recent low of under 40 percent. during the pandemic, hitting 64 percent in june. arthur massa says he'll end the practice of money printing to fund government spending. he'll also build up reserves of foreign currency, but there's an ideological battle behind the scenes, while massa wants to reduce deficit spending vice president, christina fernandez. the cash now believes the government must spend to shield citizens from inflation in blue or you are no april. i am a worker and just like everyone else, i am struggling to make ends meet with all this inflation going door. when dorothy breath. okay. yeah. but we can hope hope that things may change. okay. gosh, i've not done. it's like a government now has no direction,

but they just taking shots in the dark. i said that's what i think. honestly, i'm really worried about the lack of jobs and all the inflation. the inflation is awful. awful. argentina's economic woes, a decades old and argentines are demanding change with the recession on the horizon and a presidential election next year. the races on to chip away at the countries painful economic legacy. let's take a look at some of the other business stories making the news. intel is expected to announce a $5000000000.00 investment in advanced semiconductor packaging and assembly funds in italy. it's part of the broader $88000000000.00 investment by the u. s. chip maker to build capacity across europe. 3 ships carrying drain have left ukrainian ports, the turkey, the 1st shipment since the start of the war, left ukraine earlier this week. deal is broken by the un with turkey and russia. allow safe passage for the vessels and desperately needed food supplies. the world

german airline. lufthansa has agreed to a major pay rise for its ground crews ending a labor dispute that to strikes at frankfurt and munich airport. lufthansa had to cancel over a 1000 flights at a cost of $35000000.00 yours. now indonesia is the largest palm oil producer in the world. it's used in soap, chocolate and shampoo. but consumers have grown increasingly concerned about potential environmental destruction and child labor and the supply chain. however, a swiss company based in jakarta, is now trying to ease those buyers fis, sometimes even fruit can be stubborn. it's hard work for pack a man who's been working on this palm oil plantation on the indonesian island of sumatra for 5 years. the money he earns from the physically demanding work here

provides a living for him. and his family. colors out there that harvest yields $3.00 to $4.00 tons per hector reach season. the gallo my thing for her call no longer his employer is one of indonesia is 120000 palm oil farmers who work with swiss startup occult eva the software company is placed in the capital jakarta. we are an integrated services technology company working along faith, global value chains. we can follow up product from its source to the market through the retail to the consumer. ready tv, as customers are major international corporations, companies who customers want to know where the ingredients for their products come from. and there are legal requirements, forcing multinationals to disclose supply chains, or show the environmental footprint of their products. in the past,

no one cares about the environment are only small group, but the big mass of the population there, we're happy to get the chief product. she palm oil in a frozen pizza. a little unhappy proof of origin is a particular challenge in the palm oil business. after harvesting the fruit to sent to large mills where it's processed into oil, this makes traceability difficult, the palm oil farms that work with coal tv alone cover an area of 400000 hector's. in the record, our feel they since they travel through these plots, they have an interview with the farmer live oh my front. so we have verification that the farm is not in protected forests, not involved in deforestation over the past 10 years. and that they do not exploit children and the labor on their phone. ready called tv records,

the exact origin and supply routes of 24 rule materials in nearly 30 countries. the company is headquartered in jakarta. that's because ceo manfred bora simply stayed in indonesia, after completing his master's thesis here in 2006, with 270000000 inhabitants, an average age of 29 and a growing tech community. he says for start ups like his there's nowhere better. that's all for me in the business team here in berlin until the next time we see you again. animal. a clever name and some of the smartest pigeons. their visual memory is outstanding.

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