factories to the closure of shanghai and disney resorts. well fine, i feel how big an impacts china 0 cobit policy is harvey, across the country. and what happens when coal 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 kate ferguson. 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 on a few 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 official 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 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 when one i and the otherwise more important. that is that, that figure. so diversity, increasing diversity of national inflation rates in europe or eurozone would be bad worse, but that doesn't happen. whereas the diversity of the dead freight is significantly higher and that's the problem. so you see me. 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 caps, 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 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 situations, adoptable of chancellor shocker shoals 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 the price tag, a price cap, which left the signalling effect or 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 by 3 quarters of a percent,

but it did acknowledge that this could fuel a recession. how effective do you think this policy have a potential to be the e c b was too late and too slow. and now the problem is that we need to look at inflation expectations and to sterling 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 know, is whether they want to have only a recession or only inflation. main concern is that we are on to speculation. so inflation, classic recession, and that's the worst thing that could happen. so the e, c, b must buy and take the recession, fear into consideration, but just raise interest rates much higher than the half so far. alright, marcus, the senior economist at the university of center gallon. thank you so much. welcome . china's factory activity,

how strong again this month as the countries strict pandemic. lot of times humper businesses across the country. analyst expect i to drop even further in the winter as disruptions to production on the service industry continues or hurts growth from 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. let's get more on this from the w correspondent, william young in, ty pe. hi william, tell me one 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 have got the pandemic outbreak under control. but there was still a lot of discontent among the former workers and also the chinese people. okay, 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 iphone 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 that china seems really determined to hold onto this 0. cobit stross is a and it certainly seems people are really fed up william 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 factor could power a meaningful way out of the current economic crisis are being dampened by concerns about inflation and the cost of energy or 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 off. 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 in our long winter waits ahead . i mean to europe's ongoing energy crisis. the question is i'll, we'll de winful from tourism be used for blue, mushy voice 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 horse and the magnitude of our problems. it cannot be predicted by any one of the person who and 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 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 in the raising electricity. costs will cause the price of a rug or a hotel room in or a fairy ticket you to become more expensive. variable 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 economic slowdown. west virginia is america's most coal dependent states and has been tailing well behind when it comes to the green revolution. but thus could be about to change. west virginia has long been one of the greatest strongholds of the u. s. fossil fuel industry. the coal 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 and all 3 very good. they're 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 day they won't 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 word . 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 is here to stay. mike, it's the only 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. windmill blades going out. her was virginia goal after winning the 2020 elections. democrats enjoyed a majority in both the house and the senate and could pass an important bill that supports green 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 half with a 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 iran's 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 teat of the news, youtube channel. hm. and that rafa far

show for more. you can always check i d, w dot com flash business were also on facebook and on the dw egypt channel for me on the business team here in berlin, it's taken with ah, with ah, ah,

ah, by taking a look at the dark, scary a soul. and you might need a little bit of garlic or in 30 minutes to w. my grow plastics can be found in the arctic as well as in our drink water. there everywhere. it's one of the greatest problems of the century that needs to be resolved. micro plastics in invisible danger. closer in 75 minutes on the w. making the headlines and what's behind them.

dw news africa they showed that was the issue in the continent. life is slowly getting back to normal here on the street to give you enough reports on the inside of our cars fund that was on the ground reporting from the across the continent. and all the trends doesn't matter to you. t w is africa every friday on d, w. t w's crime fighters are back africans, most successful radio drama series continues this season. the stories focus on hate speech, cholera, prevention and sustainable charcoal production. all episodes are available online. and of course you can share and discuss on d. w, africa's facebook page, and other social media platforms. crime fighters, tune in now. b.

o. d w. news live from berlin. luna desilva wins brazil's presidential election. oh, it's go to celebrate. one of the former president calls for an end to political division. dr. lee incumbent shy of both sonata has yet to can.