inflation, but they're also driving up oil company profit activists are demanding. they pay their fair share and to do more for the environment and pandemic cut backs play jeremy's biggest airline as it seeks to fill thousands of job. they can post cobra. welcome to the program. britain's economy narrowly avoided recession after flat lining in the last 3 months of 2022. that comes after gross domestic product had dropped by 0.2 percent in the 3rd quarter. the definition of a recession is 2 successive quarters of negative growth. overall, the u. k economy grew by 4 point one percent last year. despite soaring, inflation finance minister jeremy had to welcome the news that recession was avoided, but worn, that sky high consumer prices have sparked a cost of living crisis and widespread industrial action. for more let's bring in josie anderson, managing economists,

that the center for economics and business research, a consultancy firm based in london. welcome to w josie. so the u. k. economy showing some resilience there. what are the main factors for that? so yes, we map narrowly manage to avoid recession at the end of last year, which highlights that were quite resilient economy with people who sent right over it. and not mostly do that relative. the trunk is despite the cost of living, cried this. people still go out and spend most which could be part eating some savings, but still not think right. it's fatty week. we should be think migrated, not until the economy isn't in an amazing position. we off will costing to competitive quotas of contraction this year and say it's good news. it's a, it's

a good signal that we have an end to the recession yet, but we're not completely out of the wood. right? i mean, the question is, josie, where do we go from here? i mean, you mentioned that, i mean there was the u. k. economy shrank by half percent in december. we have the gigantic cost of living crisis. we have spiking inflation shortage of workers, high energy prices, and the dust reaction across the country. exactly. say that contraction in december with a lot to do with the stripe that we saw invitation. that service is set to a contract. it said that with trump stripes, meaning that many people couldn't travel to spend money. and of course we'll say house and say she had sex was affected by strike as well. and we saw out decline. and we'll say we certainly going to see more strike fish in which will continue to

have a negative impact fee. and of course, the strikes related to the cost of living. people are upset the angry because that wages aren't rising by anywhere near as far as price is the rising inflation. # say that means that people are struggling to afford as much as they normally can, which is having an impact on demand and meaning that g p. s no, but then it will stay cool. they need strike, which in turn we can make right and say that they because we're having a negative impact on the economy. and while they're getting it today is that it hasn't been a big contraction. we are expecting to see the negative grades this year. it shows the anderson of the center for economics and a business research in london. josie, thank you now to some of the other global business stories making news. china has also been hit by inflation with official statistics, showing consumer prices rising to point one percent in january. compared to

a year ago, that is the fastest pace in 3 months thanks to hire a few food and fuel prices. the chinese consumer price index is seen as a good indicator of inflation. yahoo says it will slash 20 percent of its workforce by the end of the year, 1700 employees are affected. the job cuts come as some of the largest your u. s. tech companies are cutting jobs, including amazon, alphabet meta and microsoft. they are shedding costs as consumers, pullback spending it's been quite a week for big oil, the world's 5 biggest oil companies, exxon mobil shell, total b, p. and chevron together managed to make profits of around $200000000000.00 in 2022 . but while they might be celebrating their record, earnings have drawn loud criticism and calls for windfall, taxes and damage. compensation stopped drilling, start paying. that was the message from environmental group greenpeace. this week,

when it's activist supported a ship contracted to anglo dutch oil giant shell in the atlantic, the vessel is transporting an oil and gas platform to a north sea field close to the scottish coast. i mentioned to him that now we said they couldn't really taking me that the financial results from the biggest energy companies in the world show that 2022 was their most profitable year ever shelves. profit jumped by 135 percent to $40000000000.00 us dollars last year. but chevron b. p. exxon mobil and total energies also profited from the sudden spike in oil prices, which languished for most of the pandemic before jumping to over $120.00 a barrel after russia's invasion of ukraine. it was quite

a departure from the 1st 2 years of the pandemic when energy demand cratered due to lock downs and travel restrictions that had forced the oil majors to increase their commitment to go green towards clean carbon free energy. but now, as their profits jump up, once again, many of them appear to be scaling back their previous commitments. right for exhaust look at big old profits and what to make them. i'm now joined by louise osborne of detail, the environment. thanks for stopping barley's. wire companies scaling back their pledges here. well, let me plan, it's about money and they have made record profits and they want to continue, continue to do so and they can see that with oil and gas, they can still keep making money from that. so why, you know, move towards green energy if they can still get profit from, from staying with that, especially during the, the energy crisis. and so that is one of the, the biggest issues just at the money that they are making simpler. they are companies, after all, we got admits of what does this all mean for limiting

a global temperature as well? it's not a good thing for sure. i mean, these are companies that are also major carbon emitters. so really they need to be cutting down. and b, p for example, had promised to cut down by 2034, 35 to 40 percent of their carbon emissions. and actually now it's looking to be, or if they've said it's going to be close to 20 to 30 percent. that is a big issue and it's not going to help the planet reach or avoid reaching 1.5 degrees centigrade. scientists say that we need to pull back from fossil fuels, not be investing in them. all right, just a figure here, shell invested less than one percent of their global earnings last year, which were more than $300000000000.00 euros in renewable energy. are we expecting more pressure from environmental groups on these companies to invest more in renewables while there are organizations like client asked for example, that are suing shell directly? there?

that directors actually personally, to try to say that, you know, this lack of investment in green energy is actually bad for business. because we are looking at a inevitable, you know, move towards renewables at some point. or we should be already doing that. anyway. there are also other organizations that are holding these companies to account for the lack of investment and renewable energy. but really it's governments that need to be pushing them as well. if it's through winful taxes or, or any other kind of measures, bigger, living very much in the present. not so much in the future is the teams lose osborne of the dollar environment. thank you very much. germany's biggest airline. lufthansa is overwhelmed with bookings after 2 and a half years of the pandemic to ensure that hundreds of flights are not canceled as there were last summer. the airline is boosting its payroll. $20000.00 new hires in all areas of operation. the fact that we a gentleman turned on the heading plan,

$5000.00 lufthansa, a $380.00 takes off from frankfurt airport. pilot marcus, ellen fell to set the controls the controls of the simulator. anyway, pilot trainer richard lentz is putting his colleague through the paces steering problem spat whether fire in the hole. he's re training because during the pandemic, ellen felt was on short time work. his license to fly, the world's largest passenger aircraft expired due to a lack of flying hours. he only found out a few weeks ago that he's allowed to fly again. is that reminded him about before, but i was really happy about it. this is the plane that i've been flying since 2014 and i really missed flying during the 2 and a half years has been sitting at home during the pandemic veg feita. lufthansa had already written off the giant, a 3 eighty's. the planes were mothballs in spain, but because booking strolls much quicker than expected richard lens and his

colleagues are bringing for a 3 eighty's back from the aircraft graveyard. but for the planes to fly to new york, boston or los angeles, anytime soon lense has a problem to solve the arm that typically bomb in town. we actually only have 12 captains license to fly, the 380 right now. we need about 10 troops per aircraft growl depending on the route. that means 10 captains and call pilots. but sometimes more call pilots for the long routes or the luggage threaten. so all in all there's a shortage of about $100.00 pilots. and it's a similar story in the back of the plane. these young people have come to love tons us base in frankfort because they want to become flight attendants. they're all very excited over the photo shown by an experienced cabin crew member try to anxious yourself. i've always wanted to be a flight attendant. it's always been a plan at the back of my mind. i have always wanted to go out into the big, wide world. was that of it? well, among manual to people,

a large load about new cultures. i'm eager for all these new experiences them as to summer. before that there was psychological tests, 13 weeks of hazard and safety training, and a lot of studying. fewer than half of all applicants actually make it under the plane. head of cabin benedict schneider needs 2000 new flight attendants and is hoping to learn them with a host of new career opportunities. one hat you have so many options you can move to the ground crew or you can move to the cockpit. would our carpet or to the technology side? lufthansa has to put together new maintenance teams for the giant air buses that have just been landed back in frankfort. and finally, the government of scotland has proposed a ban on advertising for alcoholic drinks. but that's brought it into conflict with some of the biggest industries. it's not just distilleries and breweries who are up in arms at scotlands visitor. association says it puts whiskey tourism at stake.

that's worth about a 100000000 years annually. much of which goes to remote communities, the series wouldn't even be able to sell t shirts and sponsorships would also. the government now says rethink some parts early proposed. and here's the top, sorry at this hour for you. britain's economy narrowly avoided recession after flat lining in the last 3 months of last year. overall, the u. k. economy grew by 4 point one percent despite soaring inflation. that social thanks for watching have a good weekend. ah ah, with

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take a look back and into the future. in the new 1000000. slowly, in february on d, w. with this is d, w. use live from berlin. more than 21000 killed in the earthquakes in toki and syria rescue as continue to pull people alive from the rumble to find the odds. but for days after the catastrophic earthquakes hit hopes of finding survivors fight fast.