again, but leaves investors and ordinary citizens guessing if this will be the last time our deli correspondence has more about the signals, the reserve bank is sending and for some people organic food is an indispensable part of the lifestyle. but for many others, it is a luxury they can do without when cost spite. we'll see how german organic retailers are dealing with a downturn. and chris culver, welcome to the program. nations, organizations, and people from across the globe are responding to the devastating earthquakes in turkey and syria, sending a wide range of humanitarian aid, which includes money, assistance, personnel, trained dogs and equipment. among them, the united arab emirates says it will provide nearly $14000000.00 to syria, long with search and rescue teams and supplies. it's also building a field hospital with medical personnel and supplies china to has pledged nearly

6000000 dollars to turkey, along with rescue staff and equipment. and germany is boosting its existing donations to charities, working in syria by $1100000.00 along with rescue workers. it's sending sniffer dogs and supplies like water treatment equipment, generators, tents and blankets. let's talk about these efforts with ada ileal chin, who is a professor of international economics at the constants university of applied sciences here in germany. welcome back to the program. a lot of aid is under way to an area that has seen massive destruction. what does turkey, what the syria need, specifically? while this earthquake has hit the south east of turkey and in all to syria, and particularly in turkey, we are talking about densely populated as cities. and the biggest challenge is that whole city quarters are destroyed,

and thousands of people will need new shelter and housing. and just to put this into numbers, we're talking about an estimated number of 20000000 people that will are affected, enter a large share of these people will need new accommodation facilities. and what i expect and the comments expect in the next month, what we will see is it is not possible to build up a housing facilities quickly in a short time. so we will observe migration waves are within turkey to metropolitan areas. and this also is a challenge in turkey, because just to remember, turkey is hosting 8000000 refugees, estimated 8 mill refugees. the housing market is already a complicated in cities, so the biggest challenge will be creating quickly housing of accommodation facilities at all. let's take a look at the efforts underway. currently, millions of dollars and donations are coming in from governments, organizations, and private individuals. can you put into perspective for us, what's there,

and what will be needed in the long run? well it's, you know, this earthquake is a special in terms of historical events that we know. and it's very difficult to, to estimate the cosper from examples from the past. for example, in 1999, there has been already a huge earthquake strike in the area of stumble. and we have numbers that that earthquake created capital costs for poor turkey alone of 50000000. you asked dollars because of the infrastructure damages and housing damages. and on top we have numbers that the budget of the government suffered around 6000000000 you asked or on top. so that earthquake was creating costs of around 20000000000. you asked. or now this old quaid. it has a much larger scale in terms of spatial arrange, a city's affected. so the cars are very likely to be much higher than this 20

billions. what we have seen in the past. now syria has been faced with the western sanctions, the mid years of civil war. how's that impacting aid efforts? well, serious is much more complicated. the one issue that came up in the last days is that syria is imposed with sanctions due to the, to the war situation in the country still. but i have to emphasize that there is, is misinformation and because of sanctions aid would not be possible. this is not true explicitly in sanction receipt regimes, humanitarian aid is excluded and it is possible to provide and the problem is that to 2 problems that we know historically already is. if there are private companies involved in a providing air, then because of the uncertainty whether they are allowed or not to support a people in the country, there's

a huge reluctance in the private sector. this can be circumvented and governments just overtake the logistical issues. the other problem in syria is there is still this political division between the government and syria and northern political parties that still controlled parts of the area of the earthquake. right? and you, for example, simply doesn't want to provide money to the hand of a government. so this is more a political problem and less a sanctions problem as such. and i'll tin of the concepts university of applied sciences. thank you for your thoughts. thank you. now to some of the other global business stories making news. toyota says it's 3rd quarter profit fell 8 percent to $5200000000.00, but the japanese company is keeping its full year forecast unchanged as the cheaper yen offsets soaring material prices,

toyota retain the sale of the world's top selling car maker over fox wagon last year despite industry wide production setbacks calls by chips or india central bank governor shocked the company does says the lender is raising its benchmark interest rate by $25.00 basis points to 6 and a half percent. that's the 6th increase since may when it stood and 4 percent is also the smallest. but mister does that said he was keeping the door open for further tightening. let's take a closer look at this with dw correspondent charo car to k in delhi charo. if inflation has come down and is now within the area that the reserve bank of india wants it to be, why does the central bank keep raising interest rates? well, chris, if one keeps looking at the headlines, then it appears that 6 percent is the i b as confir. dario. where is actually according to our bias mandate, the comfort area is 4 percent. so the r v as continuous target is to keep inflation

within 4 percent limit with a margin of 2 percent. so right now, but when inflation has come down as compared to 6 percent, where it was, it is in that margin territory and not in the safe to the tree that the i b. i would want it to be the idea saying that across the world, central banks are still occupied with this dilemma where the to keep maintaining this hawkish stance on rates to count inflation or to let it go. and the i b, i was off to view that it needs to maintain the hawkish johnson keep attacking inflation. so how are people in india impacted by this sort of monetary policy? interestingly, chris, there have been demands from several quarters that the idea needs to let go. now there have been enough rate hikes, this is, this was the 6 consecutive re type and the biggest impact that it has that it increases interest rates on lawns, on home loans. for example, if someone here would have taken a home loan offer about 50000 euros for her tenure of 20 years,

that person would now, given the current interest rate, would have to be back to the bank. an amount of more than $100000.00 euros. this is an impact of more than 20000 or 30000 euros. are on the loan amount that he, he or she would have to earlier pay back to the bank. now this reduces that, but she isn't borrowed the middle class and they're forced to cut corners in other expenses. and then effect expenditure goes down. if consumption goes down, that becomes counter through g d p growth as well. but even in the r b i, there was a split opinion in, but in spite of that, the idea has gone ahead with her hike, chris, tara kart. again. deli charo. as always, thank you. from india to germany, where a preliminary figures show inflation picked up slightly last month. consumer price is accelerated by smaller than expected, 8.7 percent year on year. but with price are still rising. consumers are looking for ways to cut costs when shopping for groceries. for example,

germany has long been one of the world's leaders when it comes to organic food. now the german natural foods association says sales declined more than 12 percent to $3800000000.00 euros last year. the impact is being felt by organic food sellers, big and small. i think nora osler at the checkout counter, it's a busy day at her 0 waste store in bremen. this isn't always the case, certainly not in the last year. for many customers, sustainability is taking a back seat amid an economic slowdown attract. notice how about, of course, there's fluctuation, but it's been around 20 percent. your customers and sales over the course of the year for love to see alice. that's huge for a small business like this. nora opened her store just before the

pandemic began and then came the war in ukraine. she's asked herself many times whether she may have to shut her business. wholesalers are also affected. this bremen based organic wholesaler stocks, mostly products from the region. and here to revenues are shrinking, the managing director would like to see more people prioritize organic products is that my dad was on the quinn, would go like, okay, we have to agree with our customers. we know it's bad right now. things are tight. it's difficult for all of us, but let's see, this is an opportunity to move forward. also tell them what we're doing and how the prices are developing and try seeing where the products are made would. as only lighter is uh huh. dining would you put a doctor said you're gonna products are locally grown, so prices aren't rising as fast because transportation costs are not a major factor. but that's hardly top of mind. for most consumers who are

increasingly turning to discount stores to save money. if i live alone, that's why i can afford it, but i probably wouldn't be the case with a big family. litigate less days. it's inflation with we kids, we can't make it any more. and that's hurting nora's business. small stores are harder hit by inflation and the energy crisis. she's already paid for all the products. so every tiny purchase helps. and then slide to flash bilious. so even just a bottle of dishwashing liquid makes a difference lighter and most people aren't aware of that. but have a guilty conscience and worries themselves are. i try to be relaxed to see what happens to savannah. and nora osler can't change what happens outside her store, but she isn't ready to give up either. people in the us have been downsizing their food as well, but not necessarily the price like a baker in new york city who is selling military croissant breakfast. serial

customers line up before the bakery opens and hope of not being one of the 10 serial boxes available each day. each one contains $250.00 many cost sauce and costs $50.00 after being shaped. the diminutive pastries are rolled and cinnamon, sugar, and baked fresh their crunchy and milk, and worth every penny new york or say, or at least the ones who have the cash to afford them. that's i shall, thanks for watching abbe successfully. ah ah! with

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ah ah ah, this is the w news. life from berlin, ukraine's president renews his appeal for e u membership. what a miss lensky tells officials in brussels, they'll only be peace in europe. once roster is defeated at you cried becomes a member of the block as the death toll from earthquakes in tokyo.