off forged a new dialogue with the west that ultimately brought down the iron curtain and brought about german reunification. stephen beardsley is up next for the w business news. i will see you tomorrow with a visual hotspots in gemini, a. d w treno tree lane when mm

hm with ah, ah, so much for curbing demand us job openings tick upward yet again. that's fueling skepticism that the fed can bring inflation down without more drastic action. we'll go to wall street for more. also on our show, it began as a student project a decade later, it's in commercial production. we'll take a look at

a special electric vehicle and uganda. hello, and welcome to the show. i'm seeing beardsley in berlin. the number of job openings in the us increase for the 1st time in 4 months in july, a sign that overall demand has not been cooling as fast as officials their hope. the u. s. labor department reporting tuesday, there were 11200000 job openings on the last day of july. that's 200000 more than on the final day of june. and roughly 2 openings for every unemployed person in the country. u. s. central bankers have been raising interest rates and a bid to cool demands and curb rising prices are, let's go to a financial correspondent in new york. teddy austro teddy. i think we'll see him in just a moment. there is teddy business, are still looking for workers despite an economy that is cooling, which we read into these new figures. well, what they say is that we do have

a booming labor market despite the federal interest rate hikes, which have been affecting the economy affecting the housing markets as well as the tech sector, for example, which have rolled out a number of a lay offs, but it's as you said, we're looking at 2 jobs per worker here in the united states, and that is given workers the upper hand. it is easier for them to find jobs to negotiate higher wages where even seeing a number of workplaces try to unionize. now, why is this the case? at least it can be attributed in part, to a decreasing labor participation rate. that means less people are actually participating the labor market. in general, since 2020, a lot of people dropped out of the labor market. and businesses have been struggling ever since, especially as pent up demand has unfolded here on in 2022. that said, the fed has been wanting to see a reduction in these openings is a sign that it's rate hikes are working to, to, to cut that demand. but,

but can the u. s. really cut demand without increasing unemployment itself? well, i would say it's not really required to have an uptick and unemployment, but it depends on the policy toolbox that you have the fed 1st part. can i interest rates now, what does that do? the fed chair jerome, how has indicated last week at his event, jackson hole event that we are going to see a softening of the labor market. most likely. that means that optic and unemployment. but if you believe that that is not what is driving the inflation given that wages have not actually kept up with inflation, then we have to look to other toolboxes which may not rise unemployment look to the supply side issues, look through the corporate profits which have widened and received a record breaking profits here in the united states, which i've certainly exacerbated the inflation crisis here are the us throw in new york. thank you very much. over to europe

now, recession concerns are growing in germany after the new inflation reading for august showed the 1st optic in 3 months. goods and services rose on average by 7.9 percent from a year earlier. that's according to the statistics office that matches the rate in may before the government passed a series of relief measures. economists have warned that inflation will run higher in the months ahead and could even reach double digits later this year. of fritzy curly guy is chief economist, that the german development bank, k f w. we asked her what kind of further measures the german government needs to take to cushion the impact of soaring costs. well, i think altogether we are expecting inflation to reach a point 4 percent in germany this year on average. and with regards to the energy prices that are still increasing and reaching and consumers still,

there are a lot of measures that are being discussed. and of course, the prices that actually will affect consumer is depend, both on demand and supply factors. so of course, there's the question, how much candy band be lowered through simply the price signal. and then also on the supply side, how quickly can gas you replaced or ration gas to be replaced by a gas from other sources, or also which i turn it is and what costs are available to the economy. particularly guide there with german state bank k, f, w, or rising inflation is affecting germany's most vulnerable and in ways that might not seem that obvious. for example, food banks are struggling with higher prices. they're also receiving fewer donations. it's morning and preparations at the see. low food bank are in full swing. in recent weeks, the busy period has been especially bustling employees,

expect the same today. a delivery from a nearby supermarket has just arrived from my 5 strawberries and 2 pots of herbs. but the delivery for the cielo food bank would have to be much larger than this to accommodate the increasing need buffy here, here's a 0. what i see here now i know that we can't meet today's demand. sabina horn is walking a tightrope, more people and more need all while seeing fewer goods is invisible. and you can see here that we're struggling to survive. we don't know how much longer we can keep it up, that we will be able to help people. the city low to for them. it's just before 11 a. m and people are starting to line up. many issues are currently hitting everyday people in their pocket books, many who had little before and now being hit the hardest by rising prices. so good and good morning. the 1st step is to draw lots each time. there's a new order for who can pick up food and at what time horn says the random drawings keep things spare before they implemented this method,

people would start lining up in front of the store at 3 a. m to get the best food. today. customers include many new comers, the cielo food bank is not alone, nearly one 3rd of all food banks and germany have stopped accepting new customers due to the increase in demand. maria lee bish has been a food bank customer for years. she's unable to work and receives only a small pension. now because of high inflation, she covers almost all of her food needs through the food bank. she says she needs the assistance leaving it over emma. but since i think this even life goes on by existing staying alive, but it's already difficult. and i'm really glad that i have the guys and gals here who does. she also needed to have a phone at the office looking at the blackboard. i would now honestly, i'm not sure i could manage that included at the same time in sabina horns office. she's making an exception today. it's an emergency. this man is currently penniless

with problems at the job center. horn wants to try to send him home with food today, somehow and staying in germany as well. all of shows on tuesday emphasized his support for a gas pipeline linking the iberian peninsula to central europe. as berlin scrambles to reduce dependency on russia. or after talks with spanish prime minister pedro sanchez, the german leader said the proposed energy link, running through portugal, spain and france would be vital in both the short and long terms. here's what the spanish prime minister had to say about the project tick. listen, it's been your study was toppled with that pain is prepared to use all its capacity . but i to help those countries that right now are suffering more from dependency on russia. on putin's energy blackmail. i could record that, we have to remember that spain concentrates 30 percent of the re gus vacation capacities of the whole of european 30 percent up a little bit. and we cannot use them fully and completely because we have

a bottleneck. so some of the other global business stories making headlines, frustrated international bondholders are pushing their own debt restructuring plan for the trouble chinese property developer ever grant. the financial times reporting that they want the company's chairman to pay for their liabilities out of his own fortune. ever grant owes over $300000000000.00 around $20000000000.00 of it to foreign investors. you are solar panel manufacturer 1st solar is planning to invest over a $1000000000.00 to boost production and build a new factory in the us. it's among the 1st major corporate investments announced after the signing of a new u. s. law that incentivizes certain renewable energy investments are to uganda. now where the government has invested over $50000000.00, an electric mobility through a public car manufacturer, kiera motors corporation started as a student project. but 10 years later,

it's begun commercial production with some pretty innovative designs. boarding uganda's facility bus that jumped on luckily designed their foot to name sita for must a bunch of petition. when a full single judge, the kola bus can cover up to 300 kilometers in our for an average food to shift. we can no longer afford to wait for the future and then we say all can now everyone else is by using electric godless as a jump on board and produce we have to set now so that by that time that into our wild is using one the electric cars, we are also playing in the same field as well. at least blunt east of the capital campolo you going to has invested over $50000000.00 in state on kiera motors to start must production of electric vehicles including concept solar buses that cancer martinez, lee run. as they charge batteries using energy from the sun. yano the bit is that

we have as a mission is we are located along the equator and you will receive 8 hours consistently every every day. throughout there of sunshine. the enhancement of efficiency in that area is still an area that is being studied by so many researchers to see if even the technology we are using might be the right one to any boss to have maximized session of efficiency. more than 70 percent of cause. when you get in roads a 2nd had inputs widely blamed for pollution. the local to manufacturer is now testing the eye breed vehicle for private use as to activity. that champ anger wants to drive our country into a future cleaner mobility. i would really love that we have a cow and i rode by 2025 that can allow me to drive an electric car in the next few years and reduce the impact of that an internal combustion engines on the

environment to be i believe we have vast technology that can be it, but to change that game in uganda, africa, you're going to take its production of a 1000 vehicles annually. but experts see the country must also roll out to rely but changing infrastructure to keep the electric vehicles on the road. that's it for me and the business team you can find out more online at d, w dot com slash bit slash business raso on youtube under the dw news channel. i'm seeing beardsley, thanks for watching. what's happening in she laid in it could soon become a more modern and progressive country. newly elected left as president, gabrielle bought it, it's planning major social reform. but pinochet's legacy cast

a very long shadow. changing of the guard in she lay close up on d, w. social inequality across africa. now get this. we had to lagos, nigeria, and ask people why there is like a big god between the rich and the the call to big nancy that you're all you, i'd be looking at the comfortable spend. yeah, well it didn't last time. i need to know what african government can do. the 77 percent in 60 minutes on d w. o. i think everything jenny fair, some are a big

a mostly so much different culture between here and there. so challenging for everything ah, to some of this i think it was worth it for me to come to germany. shove my got my license to work as a swimming instructor in dish and our 2 children, 100 notes just went back. ah, what's your story take part? share it on info, migrants dot net. ah, she is with her since march 2022 chilly has had a new president gabriel breech 36 years young. a former student later the latin american country is now undergoing.