germany international showing great perseverance and skill for his 3rd goal of the campaign. 10 minutes later on the stroke of half time, it was to nil. joshua kimmie shooting from range. thomas miller, with the decisive touch the comfortable wind turbine after a goal of 2nd period. they couldn't have asked for a better start to the season. you watching dw news businesses next with chris cover on terry martin, thanks. departure to the to day this meet flying to a foreign planet. in the 16th century, it meant being a captain and setting sale to discover a route the world famous c. voyage of ferdinand magellan. i'd rather

erase linked to military interests, erase linked to political and military. christy that it was so linked to mate and financial interests. and adventure full of hardships, dangers and death. 3 years that would change the world forever. but jillions journey around the world starts september 7th on d. w. ah, trying to shore up a sagging economy. china central bank cuts a key interest rate and we'll get an expert view on what that has to do with state and party leader, fusion ping trying to extend his hold on power. also, as india celebrates 75 years of independence, we'll take a look at current challenges for an economy that lifted millions from harmony. and

we'll go to the state of iowa, where some farmers have found a new source for much sought after fertilizer. chris kolber, welcome to the program and economy struggling haunted by its own 0 coven policy and constant lock downs. china's central bank earlier today, trimming lending rates for the 2nd time this year, taking its key rate down 10 points, a to point 75 percent. that as the latest economic data showed there was need 4 more stimulus to support the economy. retail sales and industrial production rose slower than expected last month, as did total exports out of china. now this has caused much concern in beijing. at this, the mortgage was china's once stellar property sector has sharply declined during the last 2 months with both new investment and sales down sharply. china's struggle

is also tied to its unemployment rate with youth unemployment, touching 20 per cent. marking 75 years of independence. india's prime minister nor end remotely pledged to turn the country into a developed nation and the next 25 years. the india and the past managed to launch itself. and parts of it's 1400000000 people into the ranks of leading countries. and i t, pharmacy space science and civil nuclear energy luxury apartments and slums, hunger and high tech object poverty and economic abundance. india is a country of short contrast and is currently the fastest growing economy in the world with growth currently exceeding more than 8 percent. india is increasingly becoming a strong come to way to china. india's gross domestic

product has risen sharply in the last 20 years. and it has grown to more than 3 trillion dollars in that period. but despite its economic success, india has locked behind in many areas, almost 2 tours of his population live and unspeakable poverty. this was also an issue for prime minister, not anymore during his election campaign last year. gene go obvious who still don't have houses. i assure you, you will have your own houses. this is my dreamy jet, or when this country celebrate to 7, to 15 of our se, office independence. there will be no poor without a roof over their head. we are they working on it? i. darby gave what that, that a thought, man, i ha, ye hm. let me at this is nearly impossible with a population that has been over a bit within the constellation of great porous india wants to assert its autonomy. the u. s. and china are, by far its biggest trading partners. so india prefers to remain neutral towards his

partners. it went towards russia because that's where in the buy is not only a lot of weapons, but also oil and gas at bargain prices. for a closer look at india's economy, 75 years after the countries independence, let's fall over to our correspondent charro cardia, and deli charo, despite the ukraine war. despite the pandemic, india's central bank governor says the country's economy remains an island of stability. is he right? well, create a lot of economists would beg to differ with the governor because when be a governor or even a union ministers, when they talk about india being an island of stability, mostly the focus on growth with growth is not really the biggest parameter of the health of being an economy. now, this is also a fact that for an institution, investors have been pulling out from the indian market. and that followed has been happening from at least january this year,

if not the lead last year as well. so it's, it's, it's really an ability why are foreign investors willing out now the monetization, the introduction of a general sales tax. those 2 issues have been the biggest, most recent internal challenges for the indian economy. how do they continue to impact business? well chris, it's not just business, but the overall economy as well, that continues to be impacted by them. now when the monetization happened, it impacted small and mostly small and middle income traders that impacted the middle class and impacted the unorganized sector, which is 94 percent of india's workforce in a huge way. then gsp further create a lot of confusion in economy than offered that the band make and the impact of the lockdown. and then now the impact of the ukraine wars for back to back. cascading events have been hitting, the indian economy of millions have been pushed into poverty. incomes have fallen,

unemployment is believed to be at a for decade high. so the economy is just you get to find the ground that is lost in the monetization chris. now, over the past 75 years, india's economy diversified. the dominance of the agricultural sector, dwindled, services have become much more important. what does india s growth model for the future look like? well, chris, it is the service suspected that most people bank the bond, but then several economists also feel that things have become so unpredictable that it's very hard to say what kind of turn will things change. now, of course, we know that the ukraine war is likely to change the shape of economy as well as politics across the cross the world. so india will not be left untouched. it will have long term impact as well. but then in the us own challenges and then how do,

how does policy overcome those challenges in the next couple of years will determine the future shape of the economy. w correspondents, recada k and l. a. chart. as always. thank you. and let's return to the top storage of central bank cutting a key interest rate. and let's good more on this from jacob gunter senior analyst at the mercator institute for china studies. welcome to the w, jacob received central bank intervening for the 2nd time this year. do you see more than just macroeconomic factors at play here? yeah, there's certainly more than just the macro economic factors. and when you look at this 10 basis points reduction, it's quite notable because it's the opposite of what's happening ever else in the world. everyone else is rushing up their rates and trying to their, their lowering it effectively because they have the opposite problems that we have

. the united states and europe. consumption is incredibly low and weak relative to supply. so they're, they're definitely trying to keep the economy from kind of falling out in large part because of the plumping investor and consumer confidence is coming as a result of kind of 0 policies as long as it maintains, if you're hoping approach consumer consumer investor confidence is going to be low, you know, they're not, it's not the people on sending because you know, the interest rates are too high. they're not funny because they're afraid that they might suddenly be lockdown. why do you city wide lockdown? right. again and again, jacob, why does beijing keep holding onto the 0 covert strategy? if it does have the series arrive if occasions for the economy? yeah, i think it's, it's 2 main factors. the 1st is a bit less political. it's just a bit more realistic,

which is that china has effectively not lived with cobit the way much of the rest of the world has. so there would, there would be legitimate economic chaos if it suddenly were to read through the entirety of the country. they, there isn't any built up immunity. they don't have, they refuse to import the m r and a vaccines. they don't have as a very advanced health care system, and there's a lot of vaccine hesitancy in china. so there's that very kind of legitimate, traditional justification for protecting these economic costs. and the 2nd factor, those teaching things on kind of political goals. the, you know, he's keen to stay empower at the end of this year at the next part of congress, where he's present to say on for a 3rd term. and he needs things to smooth as sale as, as clearly and safely as possible. and he's really put his own name with an attached his own name to. ready 0 public policy, so dear leader cannot be wrong, and especially in lead up to the lead up you are, is that the same power tank inventor senior analyst at the mercator institute for

china studies. jacob, thank you for your time. thank you. farmers around the world are facing serious ripple facts from the worn ukraine. fertilizer is becoming ever harder to come by and farms are having to find new sources. are correspondent to from the months went to iowa, a midwest states in the so called brad basket of the united states. ah, you may think farmers in the united states should be as happy as can be right now. after all, prices for their products are up way, wheat, corn soybeans, fake smell, chicken and kettle, crop farmers, and cattle ranchers get maximum returns this year, financially speaking. so what could possibly be wrong? this year will be tough because of the supply chain challenge is the most

problematic supply chain issue for us farmers, the severe shortage of fertilizers. a lot of the fertilizer that the globe depends upon comes from russia, bella, bruce, ah, places that you know, least the u. s. in europe will no longer buy from. so that limits the supply of fertilizer around the world that's creating those supply chain challenges for producers. we're meeting one of those producers, iowa crop, former den hands. he's working roughly $700.00 acres total. this is considered a small. the big concern is i, you know, moving forward in the coming years, is there going to be as, as a situation or a time in which it's not just about pain on the high price, but physically getting in the fertilizer that, that scares a lot of us the massive problems us farmers face in terms of getting their hands on

enough, affordable traditional fertilizers has also help this start up in san francisco. interested the way that sir natured as it is lightning strikes the ground and we have the nitrogen, the air gets fixed into knox effectively. and the rain captures that knocks as nitrates and rains out of the field. so we've containerized that process, but the lighting in a bottle effectively can produce those nitrates that go up to the field. and there's also this natural fertilizers. this is where ape sunquest comes in, sank with is an entrepreneur in manure, in dung, cow pool, or whatever else one wants to call this sand quiz cells, an enhanced mixture of regular cow prove with other natural ingredients like lime city mulch and gypsum, i think, ah, what's, what's happening right now is with this crisis that we're having, it's an a catapult dis industry. it's going to be anybody that has any sort of

renewable sustainable technology is gonna be gang busters. nearly anybody working in our culture, including local and state governments and most experts in the u. s. whole ape suncrest is right. all agree and extend it or even worse, fertilizer crisis is going to hurt everybody all over the and that social for more checkout d, w dot com slash business. and of course he, he ws youtube channel. i'm chris cockburn, bowling thanks for watching. have successful day with small acts can inspire big changes, meet the people, making it possible on it, go africa, joined them as they set out to save the environment, learn from one another and work together for

a better future. ah many thoughts do you all for choosing it to africa? next on d w. how about taking a few risks? you could even take a chance on what i rearing to. ah, don't expect to happy ending. literature list a 100 german stories. ah, how can you keep things cool without a refrigerator? well, there is a very simple way and it's not a new technological idea. welcome to the.