in countries to follow finland's lead, now that they're forced to reconsider how to power their futures. terry shows reporting there. here's a reminder of the top story we're following for you. this. our ukraine says that 9 russian warplanes been destroyed in explosions at an airbase on the annex crimea, and financial russia admits one person was killed, but it denies that the base was attacked you're up to date. rob once is up. next would be w, business, news, and signs of using and us inflation. i'll see you tomorrow, with departure to the to day. this means flying to a foreign planet. in the 16th century, it meant to mean a captain and setting sail to discover

a route. the world famous sea voyage of ferdinand of magellan. i'd rather erase linked to military interests, erase links to political and military prestige, but also linked to many financial choices and adventure full of hardships, dangers and death 3 years and that would change the world forever. but jillions journey around the world starts september 7th on d, w ah, u. s. price rises, hit that peak latest data surprise as economists by showing inflation is easing. we'll ask if blew me claims about the american economy of a blind european union's ban on russian. coal is taking effect to

investigate why the use applies will come from now. and chinese grant u. s. a struggling to get high ed. hey, what it's like to enter china's worst job market on record. is the state of your business on robots in bed and welcome to the program. and we begin with yet more surprising economic data from the united states. u. s. inflation confounded economists. predictions by easing in july, from the 40 year high posted in june sima price. inflation slowed from 9 point one percent on the year to 8.5 percent. close the fall as last weeks, considerably better than expected unemployment figures from the states and perhaps ease as the pressure on the fed to higher interest rates yet further present, joe biden has been talking up the state of the u. s. economy today received news that our economy had 0 percent inflation. in the month of july, we're seeing

a stronger labor market where jobs are booming and americans are working and we're seeing some science and inflation may beginning to moderate. our workers far from over 2 things should be clear. first, economic plan is working. the 2nd is building an economy that we'll reward work from on this last cross to our financial correspondent in new york. yeah, and it's got a yen as the picture that economists is built up. this rather gloomy picture of the u. s. economy has up proven to be wrong. rob, it's not that inflation doesn't exist any more from one day or to another. i mean, you mentioned the aid and a half percent increase in comparison to a july of 2021. so that is still a quite an increase. we had certain early as areas like gasoline for example, or airline tickets that came down in the past month. but we had them other areas, housing for example, or especially for prices certain that saw the biggest increase since the late and

70 years. so not everything is a grid here over night, even if clearly it was some well coming news that we might have seen the tip or the top of the inflation iceberg under united states. but we did have also those unemployment figures last week, which were, you know, twice as good as where was being expected. so looking at are more likely that actually they might be able to get inflation, the u. s. under control, without it plunging into a recession. well, i mean, in general, i would say it's too early to say that the federal reserve has mission accomplished them. and the reason why a prices came down are not that it is door is not to doing also federal reserve. it's more, as i mentioned, for example, that a gasoline prices have fallen a quite a bit, but at least a wall street now expects that the federal reserve will become a bit less aggressive. so until today, i would say most economists expected that the federal reserve would increase

interest rates by 75 basis points at the next meeting. now, those estimates are down to only an increase of about 50 basis points. some sol at the federal reserve is going to increase interest rates are going ahead and the next couple of months, but maybe not as aggressive and debt as the main reason why wall street are. yeah, there was quite an i forum reaction here are we saw on the nasa composite, for example, up by almost sweep percent lou chips up by a good 550 point, an increase of one and a half percent. so at least for one day wall street seems to be happy now and thursday we will get the next inflation better with the producer prices and the markets. and he's reading something into these figures i yes, quarter in new york for us. thank you very much. now look at some other business news. tesla boss. ellen musk has sold $6900000000.00 worth of shares in the electric vehicle maker. he says the funds could be used to finance a potential twitter deal if he loses

a legal battle with the social media platform. and luxury brought brands including prada, l m, v h. and hermes are booking higher revenues and see profits up 20 to 30 percent according to latest numbers. the sectors good performance with wealthy customers runs counter to an otherwise troubled economy. with most consumers suffering under high inflation and supply chain problems. next, a small hits to russian revenues and a big sign of solidarity within the european union. member states are officially enforcing a ban on imports of russian coal. e u says the move effective from midnight brussels time on wednesday will cost russia 8000000000 euros a year. that's still a small sum compared to moscow's oil and gas revenues. but the e. u was importing roughly half of its black coal from russia, with germany, poland, and the netherlands, the biggest buyers call from the u. s. south africa and australia is expected to

replace those imports ass senior european correspondent, barbara vase or reports from rotterdam in the netherlands. there are many source of all the world rounds, so rotten harbor says what they see now is called from south africa, cold from columbia, from expert, or even as far as history of the problem here is, or is the price because prices have been tripled since last year now the price of increased transport, of course, because really that's a way to go for frasier and do you use, we'll see a further driving up of the prices. and we have a further complication. this river barges here like the one in the bank. and they can only be loaded up to the 3rd of their capacity at the moment because the river right and the mass i'm trying out rapidly because of the drought this summer. and

so that again pushes out the price. so it's going to be inexpensive commodity in the future over those in rotterdam for us now. our cov lockdown, deterring chinese couples from having children that's at least the concern among demographers as beijing grapple is with already slowing birthrights. new reporting from reuters, citing regional statistics and research with young chinese women suggest the harsh locked downs of recent months are taking a toll. your children being born aging already expected, is population to begin shrinking in the coming years. a recent un report predicts india will take over its title of most populous nation 2023. he told you that tire also has an unemployment problem. almost 20 percent of young jobseekers can't land a job. according to the national bureau, statistics is the highest level since the data was 1st made public 4 years ago. now, university graduates, the class of 2022, are struggling to enter

a taunting job market. leo kion graduated with a master's degree 2 months ago and still lives on campus in this tiny, dorman bay jane. she's hunting for a job, but that proved to be more difficult than she had thought, thought b, and they could before i graduated. i talked a lot about my dreams and planned my future. from the moment i stepped into society and started looking for a job, i felt as if my future was smashed by machine and i dont know if i can piece together which at all. well, leo is on her way to the next drop interview at an industrial park. she says to employers interviewed her and then said the positions had been eliminated. i thus asked her to accept lower pay. mm hm. hi, this order is human resources asked me if there is wiggle room on my expected salary. and i said now i think 8001. that's 1200 euros. pre tax every month is acceptable. it's not that high. is it? over?

leo is one of 11000000 new graduates desperate for work in oblique job market. as cove at 19 controls, force factories, restaurants, and offices to close. the survivors are cutting drops and wages par. you know that we saw in march and april, many small and middle sized companies cut their sizes. they anticipated the uncertainties, so they probably sold their assets due to a company saving mindset which slashed their hiring needs. china's unusually severe approach towards coven 19 has kept case, number's low, but the cost is soaring. while leo was eventually able to find work at a publishing house, many other unemployed young people are paying the price. now spain's olive farmers are the latest to say that they fallen victim to europe's intense summer heat. waves exporters are wanting prices for olive oil could increase by a quarter across the continent. supermarkets and beyond this year,

spain produces almost half the world's supply. but there is at least one group of european growth that stands to benefit from the extraordinary heat. the famous flirt cells sought farmers of frances atlantic coast. frances gear honda region is home to the famous flirt, a cell or flower of salt, which is known for its unique taste and texture. this year, amid the heat waves and drought warnings, the thought bands of france have flourished over. we're heading towards reco production of the moment. we're looking at over 2 and a half tons reach pan. while the average of the last 10 years has been 1.3 tons and what the climbing temperatures and severe lack of rain. i turbo charging salt water evaporation. the price of $1.00 killer of flare to so is over $100.00 in the us, making salt farmers among the few short term beneficiaries of climate change. good,

you can say that yes, unfortunately, you see what's happening elsewhere, the fires, the lack of water. what is clear that it's good for us? who's sick decor, nova problem? keeping production levels high has meant long hours for workers, and it can be exhausting work. anybody who sought workers are tired too. i think it's been more than 40 days without a break. there hasn't been enough rain on the flats to justify operate when the saud farming season ends this year. farmers stand to end up with years worth of reserves more than they know what to do with. and staying in europe, danish toi make a lego is celebrating a very special occasion. the family owned company, beloved by children and adults alike, just marked his 90th birthday in honor the occasion with a spinning 9 layer cake though, founded actually in 1932. it's iconic. lego brick was 1st made in his current form

in 1958. and now produces around a $100000000000.00 of them every year. i quick reminder, the top is a story we're following for you this hour. yes, inflation confounded economists. predictions by easing in july, from the 48 high, posted in june consumer price. inflation slowed from 9 point one percent on the 8.5 percent, closely followed last weeks, considerably better than expected unemployment figures from the states. so from the business, same hand berlin from audrey had over to our website feeder we dot com slash business. until next time i can voices from the street forbidden. ha, ha, ha, ha, ha, ha ha, not music is a new kitchen mix of funk electro and ram lyrics are about drugs and

women homes, the song speak to the soul of the younger generation, nobody. oh, but now with that on performing it next on d, w. a rena's, host of possible energy in north dakota, everyone was in favor of oil. as the 2nd largest oil stay to new usa is profiting from the current energy crisis. people hope that the industry and with jobs will once again made in germany in 60 minutes on d w. o. in you become a criminal pre climate, a ready?

no. with hackers, paralyzed me. 20 years. ah, computers then now some are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now on youtube. ah ah, welcome to global 3001 household, one garden alberta casa is on a mission to help women and.