time round the trait of one, the trophy okay, you are up to date and that's all for us from now. next is business news with rob watts. and remember you can always find more news on our website, d, w dot com. and don't forget to solo follow us on our social media accounts. i'm pablo phone. it is thanks for watching on see you very soon with departure to the to day this meets flying to a foreign planet. in the 16th century, it meant between a captain and setting sale to discover a route the world famous c. voyage of ferdinand of magellan. i'd

rather erase linked to military interests, erase institute, political and military prestige. but it was soon linked to many financial interests and adventure full of hardships, dangers and death. 3 years and that wouldn't change the world forever. but jillions journey around the world, starting september 7th on d, w. ah, u. s. price rises, hit that peak latest date as surprise, as economists by showing inflation is easing. we'll ask if gloomy claims about the american economy or out of a blind european union's ban on russian. coal is taking effect. we'll

investigate where the use supplies will come from. now on chinese graduates struggling to get high ed, hey walked, it's like to enter china's worst job market on record the state of your business on robots in bed and welcome to the program. and we began 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, seem of 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 eas is the pressure on the fed to higher interest rates yet further present, joe biden has been talking up the state of the us 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, the economic plan is working, the 2nd is building an economy that will reward work of them on this task. roster financial correspondent in new york yen is called a yen, has the picture that economists is built up. this rather gloomy picture of the earth economy has proven to be roll. 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 food prices, certain that saw the biggest increase since the late and 70. so not every thing as

a grid here over night, even if clearly it was some welcoming news that we might have seen at the tip or the top of the inflation ice berkey 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 they're looking at 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 apprise has came down are not that it is doris, not to doing also federal reserve. it's more, as i mentioned, for example, that 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 saw until today. i would say a 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 in the next couple of months, but maybe not as aggressive and debt as the main reason why was street. yeah, there was quite an i forked a reaction here or we saw the nasa composite, for example, up by almost sweep percent who chips up by a good 550 point an increase of one and a half percent. so at least for one day wall street, it 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 . hey, yann's 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 effect as good performance with wealthy customers runs counter to an otherwise troubled economy. with most consumers suffering under high inflation and supply chain franklin's next, a small hits to russian revenues and a big sign. a solidarity within the european union member states are officially enforcing a ban on imports of russian coal. e. you says the move effective from midnight brussels time on wednesday will cost russia $8000000000.00 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 come from the u. s. south africa and australia is expected to

replace those imports as senior european correspondent, barbara vase or reports for rotterdam in the netherlands. there are many sources of all the world round. so rotten harvey says, what they see now was pulled from south africa, the whole from vehicle, from expert or even as far as history of the problem here is of course the price because prices have been tripled since last year. now, the price of increase transport, of course, because really that's a way to go for frasier and to use we'll see a further driving up of the prices. and we have a further publication. 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 ride 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 will enroll them for us. now our cove in lockdown, deterring chinese couples from having children. that's at least the concern among demographers as beijing grapple was 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 baiting, already expected, is population to begin shrinking in the coming years. a recent you and report predicts india will take over its title of most populous nation in 2023. yeah. john are 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 proves to be more difficult than she had thought. thought bna caught 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 leo is on her way to the next drop interview at an industrial park. she says 2 employers interviewed her and then said the positions had been eliminated. i thus asked her to accept blue up pay. yahoo, i order a human resources asked me if there's wiggle room on my expected salary. and i said now i think $8001.00 that's $1200.00 euro's pre tax. every month is acceptable. it's not that high as it was over, leo is one of 11000000 new graduates desperate for work in

a bleak job market. as cove at 19 controls, force factories, restaurants and offices to close, the survivors are cutting drops and wages. par you door. 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. why 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 the least one group of european grows 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 to sell or flour of salt, which is known for its unique taste and texture. this year, amid the heat waves and drought warnings, the salt bands of france have flourished over. we're heading towards record production. at 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 we're declining 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 for

you before 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 significant over problem keeping production levels high has meant long hours for workers and it can be exhausting work. anybody who sought workers are tired to i think it's been more than 40 days without a break. there hasn't been enough rain on the flats to justify a break 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 toymaker, lego is celebrating a very special occasion. the family owned company, beloved by children and adults alike, just mocked his 90th birthday. and on 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 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 40 year high pasted in june, consumer price. inflation slowed from 9 point one percent on the year to 8.5 percent closely followed last weeks, considerably better than expected unemployment figures from the states. so from the base, the same hand berlin from audio head over to our website, theda we dot com slash business. until next time i can conflict zone with barrage banner g. russia and ukraine are taking heavy casualties in the don bus. but has ukraine already lost the east my gift this week? believe that is likely the case in burma is a political find. those i'm founder of the you richer group thing going to happen

and believe the russians with said it will at all this and more on this week's conflict zone with on d. w. ukraine. the me and mystery can see you in the ground most just peachy, notorious and controversial. india well basically means me writing the near scholarship revealed and nevertheless a mystery to this day. what lies behind the cut in 45 minutes, d w. o. in a ended glistening place of morning, the mediterranean sea,

it's waters connect people of many cultures. lena l. musfar and jafar abdul karim drift along with exploring modern lifestyles and mediterranean. where has history left its traces, meeting people hearing their dreams ready to mean journey intended to so started august 14th on d. w. russia and ukraine are taking heavy casualties in the don bus. but has ukraine already lost the east my guest this week, believe that is likely the case in bremar is a political scientist and founder of.