in fact, theresa, the closure of shanghai and disney resorts will find out just how big an impact china 0 cobra policy is harvey, across the country. and what happens when cold country becomes renewable central will take you to the heart of west virginia, where windmills are popping up on the size of old mine. this is the w business. i'm kate ferguson. thanks for joining me. inflation in the euro zone have his another record high with the lazy figure showing prices rose 10.7 percent in october. the figures are a source of concern for governments across the block and both 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 float down price rises. officials acknowledge this could increase the risk of recession, but they taming inflation. needs to be the priority for now. continued war and

ukraine is the major driver 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 bad 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 one i the otherwise more important that is that, that figure. so kind of air city, 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 in alone. when it comes to energy policy. do you see any consensus forming on this issue? no, not really because energy is a supply factor in national economies, not deal with it even though it should be dealt with in europe. so we see the german situation deductible of chancellor shows shows and as long as there is no common ground for, for, for an agreement in europe to see that the national countries and governments will go ahead. the question however, is whether we find a price tag, a price cap, which left the signalling effect on the energy prices still work. okay, 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 a 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 to spare, willing effect the prices where 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 b 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 a session, and that's the worst thing that could happen. so the e, c, b must pipe and take the recession, fear into consideration, but just raise interest rates much higher than the half so far. alright, lock us the senior economist at the university office and going to thank you so much welcome china's factory activity,

how strong again this month as the countries strict pandemic lockson's hamper businesses across the country. analyst expect i to drop even further in the winter of disruptions to production on the service industry. continue to hurt growth some factories including the fox con 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 pe. 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 cov it 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 a 3rd thing in video circulating on 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 claimed that they had got the pandemic outbreak under control. but there was 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 fox 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 iphone 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 covert 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 panoramic. but hope the sector could power a meaningful way out of the current economic crisis are being dampened by concerns about inflation and 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 countries struggling with high inflation of around 12 percent and now a long winter weights ahead. i mean to europe some going energy crisis. the question is i'll, we'll de winful from tourism be used to it must be void. tourism has helped there's more revenue, people are spending more money. these are simple things like that. but how this is

spent back on society, the host, and the magnitude of our problems cannot be predicted by any one of the person with abuses. a foolproof is county rapidly rising fuel and energy costs overshadow the expectations of economic relief generated by the tourism sector. what if i may visual on eventually it will be difficult. costs arising 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. it'll be raising electricity costs will cause the price of a rug or a hotel room and or a ferry tickets you to become more expensive in a fed, booked 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 a back to change. west virginia has long been one of the greatest strongholds of the us fossil fuel industry. the all 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 co under our feet. we got natural gas and we're offering with invasion of the route 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 green, 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. megan stanley, we're in the world. you're using some level of wash, which when you call an if the you know the renewable slash norman build out, continues like it is. you know 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 build that support screen projects. even states like west virginia, whose representatives oppose this bill, can use this money. but with the mid term elections approaching, this push will be on the ballot. could a 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 have 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 is 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 all against the backdrop

of the brutal cracked and on the current protests in the country. to watch that just head over to our deed of the news youtube channel. and that rough 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 and the business team here in berlin, it's taken with

ah, warren piece, 2 point, oh, satellites, monitor crises and conflicts. ai visualizes the extent of suffering and destruction. the goal. send how quickly and initiate peace negotiations using advanced technology to fight war in ukraine and world wide. to morrow today. in 30 minutes on d. w. ah . one content, 700000000 people with their own personal stories.

europe, with every day what europeans fear and what they hope for focus on europe in on d w. you know, people in trucks injured when trying to flee the city center. more and more refugees are being turned to way families on the reason for these correct only thing is with people being screened around getting 200 people in june around the world. more than 300000000 people are seeking refuge as to why?

because no one should have to flee. make up your own mind. d. w. made for mines. were, ah ah, this is day w. news. my from berlin lula. the silver winds brazil's presidential election. oh, it's good to celebrate. one of them actually still former president calls for an end to political division, his rival, the incumbent, jaya bolton, auto has. yeah.