in factories to the closure of shanghai and disney resorts will find, i feel how big an impact china 0 cobit policy is happy across the country. and what happens when cold country becomes renewable central will take you to the heart of west virginia, where windmills are puffing up on the site of old mines. this is the w business i'm paid for to from thanks for joining me. inflation in the euro zone have his another record high with the laces figure showing prices rose 10.7 percent in october. the figures are a source of concern for governments across the block, unable fuel, more debate about what the right policy response should be. last week, the european central bank raised its interest rate by 3 quarters of a percent in an attempt to slow down price wise's officials acknowledge this could increase the risk of recession, but a taming inflation needs to be the priority for now continued war and ukraine is

the major, it's life of price rises, but other factors are also play. for more in this, let's talk to mock village senior economist at the university of center gallon in switzerland market. these latest numbers aren't exactly a massive shock, but they certainly indicate will be not out of the woods anytime soon. you've been following economic trends for many years. how boss is this crisis is pretty bad. i mean, 10 percent in europe or 10 percent in germany is more than we had in 70 years history about i do look at these figures when one i and the otherwise more important that is that, that figure. so a diversity, an increasing diversity of national inflation rates in europe or eurozone would be bad worse. but that doesn't happen. whereas the diversity of the death rates significantly higher. and that's the problem the cd. ok, so that in balance is a major factor that we actually don't talk about very often. but of course the main

driver you could say of inflation right now is energy insecurity. and the e u has not been able to come to an agreement about introducing price cop, for instance, with countries mostly going alone. when it comes to energy policy. do you see any consensus forming on this issue? no, not really because energy supply sector and national economies not deal with it even though it should be dealt with in europe. so we see the germans situation deductible of chancellor shows, shows and as long as there is no common ground for, for, for an agreement. and you're going to see that the national countries and governments will go ahead. the question however, is whether we find the price tag a price cap, which is let the signaling effect on the energy prices still work. ok. so another thing you can do is raise interest rates and that's exactly what the c b did last week. it rates and by 3 quarters of a percent,

but it did acknowledge that this could fuel a recession. how effective do you think this policy has a potential to be? the e c, b was too late and too slow. and now the problem is we need to look at inflation expectations and scribbling effect, the prices. so they need to act very quickly and very tough on one hand. on the other hand, the question of recession belongs to an economic cycle as a natural being. so the question for the c b now is whether they want to have only a recession or only inflation. the main concern is that we need to speculation. so inflation plus session, and that's the worst thing that could happen. so the e, c, b must 5, and take the recession, fear into consideration, but just raise interest rates much higher than the half so far. alright, baka says senior economist at the university office and going, thank you so much. welcome. china's factory

activity, how strong again this month. as the countries strict pandemic lock turns humper businesses across the country. analyst expect i put to drop even further in the winter of disruption to production on the service industry continues or hurts growth. some factories including other folks calling plant in chang. you have even seen a stop walking. i was offered quarantine, measures were introduced. the factory is an important location for apple, which has been producing its latest i phone muscle there that get more in this from d. w correspondent, william young in, ty paid. hi william, tell me more about this accident of fox con employees, what's going on? so this exit a started a few weeks ago when the plant agenda, which is in central china, started experiencing a spike of their covert cases. and as we all know,

china has been imposing the very strict 0 cobit strategy since the beginning of the pandemic. so the plant was actually demanded by the local government to impose this so closed loop while they can maintain their production. but somehow there were a lot of lack of basic resources and food and supplies. and the condition did not get under control. so a lot of the workers finally were not able to live under the circumstances. and they had this exit is that was the thing in video circulating and chinese social media over the weekend. and that sparked the outrage among chinese medicines. and the local government had to intervene on sunday. and so far, the government and also the company claim that they have got the pandemic outbreak under control. but there were still a lot of discontent among the former workers and also the chinese people. ok, so

a lot of workers are really fed up here. but this is also having a pretty critical time for apple because it's preparing to launch its new i phone in the next few months. how much will this disruption effect production? so the number is expected to be slashed by as much as 30 percent, even though the box con is trying to shift the production to its hub in sins and, but we don't know how much that can actually make up for it. and with the roll out of i, from 14 expected at the, at the end of the year, towards the holiday season. this could eventually and potentially have a lot of impact on the global supply. the china seems really determined to hold onto this 0 cobit strategy. and it certainly seems people are really fed up with them young. thank you so much for your insights. thank you to greece now where the tourism industry is experiencing a resurgence which will likely see it returned to the boom it was experiencing

before the pandemic. but hopes the sector could power a meaningful way out of the current economic crisis are being dampened by concerns about inflation on the cost of energy. oh, the grand acropolis of athens continues to attract visitors from all over the world . and in 2022 it's in even more traffic than ever before. the booming tourism sector in greece is expected to outperform the record ear of 2019, went around 33000000 tourists, visited the country, bringing in revenue of more than 18000000000 euros. this year, the greek central bank is expecting tourism to rake him. 20000000000 euros. but the country struggling with high inflation of around 12 percent in our long winter waits ahead. i me to europe's on going energy crisis. the question is i'll, we'll de winful from tourism be used. lou murphey voice tourism has helped there's more revenue, people are spending more money. these are simple things,

but how this is spent back on society, the horse and the magnitude of our problems, cannot be predicted by any one of the person with abuses, a foolproof, this county. rapidly rising fuel and energy costs overshadow the expectations of economic relief generated by the tourism sector. hey, what if i may this fall on avenge? surely it will be difficult. costs are rising. after that, these costs will have to be included in the product or the final sell price lisa shipple. so there will be a chain reaction of high prices, utility, raising electricity costs will cause the price of a rug or a hotel room and or a ferry tickets. you to become more expensive enough. edible tourism in grees was hit hard earlier during the corona virus pandemic. now, it will be a tough recovery in the face of russia's invasion of ukraine and the global economics low down west virginia is america's most coal dependent states, and has been tailing well behind when it comes to the green revolution. but that

could be back to change. west virginia has long been one of the greatest strongholds of the us fossil fuel industry. the well mining museum is all about the old ways of coal mining. here we meet my colo. a retired minor is a war on fossil fuels here in america, you know that we got cohen dorothy, we got natural gas under our feet within vega there out and other countries vegan who, he thinks climate change will be a key issue in the upcoming mid term elections, fossil fuels, all that's a big issue. it always is. every time they want clean air cleaner, everything right? the green transition is reaching even west virginia, cold country. right now. all renewable energy combined cover less than 7 percent of the states. net electricity generation. but west virginia governor jim justice believes that this is a 1st step into a green economy. how we're diversifying our state and moving forward in every we're

at this former coal mine, dozens of windmills will replace the abandoned mining equipment. there are also investments in solar panels and electric school buses, but not everyone is happy with this change. jason bostic thinks the industry this here to stay here, meghan, stay only we're in the world. you're using some level of west, which you call an if the, you know the renewable slash norman build al continues like it is that windmill blades gonna have to have west virginia colon after winning the 2020 elections. democrats enjoyed a majority in both the house and the senate and could pass an important bill that support screen projects. even states like west virginia who's representatives opposed this bill can use this money. but with the mid term elections approaching, this push will be on the ballot. could republican when in the mid terms that hold this transition, climate change is

a highly politicized question. and the majority of republicans don't wanna admit that climate change us human mate. that's the biggest general fear i would half with the republican dominance they would try to push and support again more to fossil fuel industry by, for example, giving more drilling permissions. but renewable projects like these in the heart of west virginia cold country show that change is hard to stop. and before we go, there's just time to tell you about this week's youtube business special. this time on the dark money behind around tools of repression against its own citizens. my colleague daniel winters spoke to cassandra robbie of the tony blair institute. he gave us a deep dive on high the state closely controls the economy, to funded terrorist activity and pay off corrupt officials own against the backdrop

of the brutal attracted on the current process in the country. to watch that just head over to our deed of the news youtube channel. and that wraps up our show for more. you can always check i d, w dot com slash business. we're also on facebook and on the dw egypt channel for me on the business team here in berlin, it's taken with

ah, lauren piece 2 point oh, satellites, monitoring crises and conflicts, ai visualizes the extent of suffering and destruction. the goal and how quickly and initiate peace negotiations using advanced technology to fight war in ukraine and world wide tomorrow. today. in 90 minutes on d. w. every day counts for us and for our planet. global ideas is on its way to bring you more conservation. how do we make cities, reader,

how can we protect habitat? we can make a difference. global ideas, the environmental series in house on d, w, and online. oh, okay. and they get all the harvesters or immigrants. like if they come in, every thing you enjoy eating at home with your family was harvested by people who are being exploited. then i guess a need to, we can keep doing what we're doing for that. we need to be commit sustainable as possible. and that's why your green revolution can absolutely necessary. europe revealed to future is being determined now, our documentary feeling, who show you how people, companies and countries are we thinking everything and making may to change with stuff. we don't do something,

our children won't be able to enjoy fresh air. you're at the revealed starts november said on d w. ah ah, this is d w. news live from berlin, lula da silva. when's brazil's presidential election? oh, hey, support. who's going to ride? rob? leftist former president calls for an end to become sure is political divisions. his rival, the incumbent shire bald sonata.