but his movement was clearly effected. zing and 3 said 646475. and before we go, a quick reminder of our top story. in ukraine, at least 18 people have been killed, including the ukranian interior minister after a helicopter crash near a kindergarten and apartment walked close to the capital. key of officials have also confirmed that 3 of the dent or children up next. the u, as in china pledge to prevent competition turning into conflict, that's on the w of business with janelle to milan. i'm marian evans team. thanks for watching. enjoying the view and come take a look at this. our tv highlights every week in your inbox, subscribe. now or into the unknown. today, this means flying to a foreign planet. in the 16th century, it meant being

a captain and setting sail to discover a route, a race linked to military interest, a race linked to political and military proceed. but also linked to my financial adventure full of hardships, dangers and death. but jillions journey around the world starts january 19th. ah, us treasury secretary janet yellen and china's vice premier lu. hey, pledge to manage their country's differences at a time of worsening economic ties. that's after lu called on leaders to abandon what he called their cold, warm in salad. he also on the show,

argentina is worth drought, and 20 years is drying up the countries harvests. and me take you to europe. sutton's biggest floating solar part in sunny portugal. this is the w business. i'm anal dumas unwelcome. us treasury secretary janet yellen met with chinese vice premier lu, hey, and zurich to day, a high stakes interaction at a time where us china relations are increasingly tense. it's the 1st in person meeting for the 2 with yellen telling lou there was a pressing need for leaders in the u. s. and china to co ordinate on macro economic and financial conditions, and keep their competition from spilling over into conflict. lou for his part, said he was willing to maintain dialogue. now yesterday vice premier lou was in davos at the world economic forums, annual meeting, selling

a message of openness from china to the world's elite trauma involved. we're just off the covert. 19 situation is normalizing. china has passed the infection, peak, and things are getting back to normal. foremost of society for the pace of recovery from the peak of infections to returning to normal was very fast faster than we expected. secondly, normal life and production of fully back to normal hospitality tourism and other consumer areas a back to normal here, some surprising figures from the transportation authority. so they are expecting chinese people to make 5000000000 trips during the lunar new year holiday. oh, that's enormous. sure. so like i said, life has been restored to normal and china now lose comments come as fresh figures from china showed a near historic slow down in growth. my colleague christy plight and in davos, spoke to nailer richard sin,

chief economist at adp research institute and asked her what china's shrinking g d . p means for the global economy. i think it's really important news because china was the growth driver heading into the pandemic. and we've seen a reversal of that heading out of it. and so what that means in terms of the world order in terms of the economy is really important. china is not just important directly in the fact that they impact global growth through their consumption base . they're also an important passage way. it's not about just selling to china. it's also about selling through china. and so there is some good news here, the reverse, so of some of these very strict covered policies will help that passage way for the rest of the world to get their goods and services through china. but that direct impact of chinese growth and the global economy is still missing. and without the restoration of it, we will not see the economy on the what worldwide scale rebound in the way that the

world really needs it to right now. now we've been st consumer price is growing quite strongly the last several months. you're doing a session on a living wages here and of us today. tell me more about that. so living wages is a global issue. it's an issue that doesn't get talked about a lot, but there is always an understanding from the institution of the minimum wage in the united states that market prices markets companies don't always pay a living wage. that is a wage that covers basic necessities like housing, health care, education, your energy food. and we're looking at this at a time when inflation has increased the price of all of these things worldwide. so it's a conflation of the minimum wage, which many countries have adopted, but also the high rates of inflation and shortages and basic necessity, necessities around the world, like affordable housing. so what does the living wage mean after the pandemic?

it's even more important than ever that work curse actually can provide for themselves in their family to this panel that we're doing here at the world economic forum. we'll get into the heart of those issues and talk about not just wages, but wages in the context of slower growth and higher inflation. we're talking about slower growth. the majority of economists surveyed here by the world economic forum said they do expect a recession in 2023. what is your take on this and what do you think that means for the vast majority of people who don't have the privilege of being here with us at divorce this week? so again, it's not just about global growth, it's global growth, slowing down when inflation hasn't yet returned to normal levels in many areas of the country. and the difference between this year is recession. if it happens and recessions are always different, is that there are more than one drivers of recession in china. it's the cov,

it's 0 policies in the u. s. it's the high rates of inflation and low and the fiscal stimulus that caused it. and the aftermath of higher interest rates, because of the federal reserves attempts to rein in inflation and in europe, it is at the warren, the ukraine, and the impact that war has had on prices, especially food and energy prices. so 3 totally different drivers oven of a potential recession. that means this recession has many layers. it's very entangled and it's very complex. it could mean that it's softer in some areas and felt more profoundly and others. and we don't really know how it will play out, but for the millions who are part of the global economy. it's important to remember that it's really wages that impact workers. and if wages continue to be a bus, as it is in many places like the united states because of tight labor markets, and then we'll see some management of higher inflation, slower economy, there's

a lot to work out. but the idea i think that you'll see in that outlook is that hopefully this recession is not as deep as otherwise would be if we didn't have such strong labor marching in advanced economists, 80 p chief economist, nila richardson. thank you so much. thank you for having argentina has been suffering from drought for years, but things are steadily getting worse in the south american country. farmers are still planting crops and trying to raise cattle. but harvest sir down to their lowest levels ever. a field in alice see her not far from argentina's capital boners iris corn used to stand here 2 meters high, but that was a long time ago. for years, the area has seen very little rainfall. the river has dried up and the soil was absolutely dry. farmers have still been planting for the season, but there's 0 chance that they will harvest anything here

with natalie. i say righty of miss is very much and if it hasn't rained for several months we lost practically all the winter crops would be we lost the barley crops, right. we lost the wheat or 3 or we lost the lagoon, said our son in winter such as rich and well all the summer, crummy soy or not the horn were historic. graham and sunflower were soon, much later than they are normally sown in red mortar. my thought of it, okay, sing alignment that his here murder, initially, authorities were expecting a harvest of almost 20000000 tons of soybeans. and the countries once fertile, central plains, that number has now been haft and expectations are dropping every day. it's affecting cattle producers to this, not enough feet for them. thousands of cows are set to half died due to the drought . b, e. them had an idea about life stark. you can project anything forward because there

is no grassy any. there is no pasture. there is nothing in a climate is forcing us to downsize to reduce the number of animals and because we have no way to feed them. no, no, not anymore. for my only format example. what's devastating to farmers is also threatening argentina's economy. grain exports alone were worth $43000000000.00 last season at drop off, up to 33 percent is expected starving. the country of much needed income. we're now to some of the other global business stories making news. german gas and energy giant winter's haul is final is fully exiting its russia operations, causing its owner chemical group a b, a as of a write down of $7300000000.00 euros almost one year after russia's invasion of ukraine and facing multiple embargoes. the company does not see a viable option to keep the business they're going new car

registrations are down in europe are 2022 with just over 9000000 new vehicles taking the road. 4.6 percent less than impress then in the previous year. that's after some government subsidies for e cars and hybrid plugins. ran out and carmakers had to slow down production to, to supply chain problems. black panther will conder forever, is currently showing in china. it's the 1st marvel film allowed there after a 4 year ban. the china film administration affiliated with the communist party's propaganda department never said why marvel movies were blocked. but parent company disney had in the past refused to censor content to please chinese authorities. with long hours of sunshine and fast atlantic winds, portugal has the potential to become a leader in renewable energy, and it's making use of it. we visited europe's biggest floating solar park off the

country's coast. here in portugal, a quiver reservoir. europe's biggest, floating solar park covers the equivalent of 6 foot ball pitches. it can only be reached by a short boat trip, one on which miguel patina has been giving many interviews. it's taken 7 years for him and his team to bring the 5 megawatt vol tiger rate to completion is working and it's fully understood by everybody. what is the potential that we have on our hands? so this for a, for you personally, is very important, is natalie selling energy. that is the, my purpose all our purpose in my theme is if, if things, if our sustainable, our, if a rhythm and use the least resources, all the minimum resources is possible. and i guess to put together as investing

heavily and renewable energy solar currently only makes up to 6 percent of the countries energy mix. floating solar parks could improve that. their advantage is that they occupied spaces that could not be used otherwise. and being on water energy production is more efficient than on land. as the panels don't heat up as much and are likely to last longer. 1500 local households receive clean energy from the system that's been financed mainly by portugal, state energy provider, e. d p. the re connects to the grid via the hydro power plant and the dam. excess solar energy can be stored or used to pump water back up into the reservoir to generate hydro, electric power. the 12th and panels, and 25000 floaters on the quiver reservoir have been tested to with said water, wind and rough waves. the floaters are made in this factory castelow and speeds

elecom to region. one callous hernandez is one of the engineers behind the technology. they're made from recycled policy in plastic. they're selling like hot cakes. hernandez says his company is receiving requests from asia, africa, and south america, and as expanding to meet demand. thanks for watching. ah ah, there the last primeval forests in europe. in lapland, the land of the sammy lies an ecological treasure. but even here, the timber industry is felling more and more treat environmentalists and sammy are

teaming up to fight back. it's a song, but they are succeeding clues up next on d, w. these places in europe are smashing all the records step into a bold adventure. it's the treasure map for modern globetrotters, discover some of you up to record breaking sites on your back, youtube and now also in book form. mm hm. it's the end of may any knotty and the ice hasn't quite disappeared. the average annual temperature here isn't much about freezing point in europe's far north primeval forest.