next, with your business updates, he looks at why wall street is not impressed by the latest years. inflation figures article early from me and the entire team here in our newsroom and berlin. thank you so much for your company. with enjoying the view. come to take a look at this tv highlights every week in your inbox. subscribe now for the amount of cost is increasing every year, many im gonna working on landfills with holliday destinations drowning in plastic white wine and attic. at the cause of every year. europe exports are 1000000 tons of plastic

with there. another way. after all, the environment isn't to recyclable. make up your own mind. d. w. made for mines. ah, ah, i'm seen beardsley in berlin. here's a look at our top stories. us inflation edges downward, but wall street mostly unimpressed as it contemplates sticky or stubborn inflation . the e u makes an official sales of fossil fuel. cars will end in 2035. but will electric production be ready? will the cars be affordable? also on our show trade record show how chinese businesses are aiding the russian military despite western sanctions. welcome to our show. markets in the us have

taken a tumble after new figures showed only a small drop in the rate of price hikes. inflation rising 6.4 percent year on year january. that's a 10th of a point less then the month of, for the 7th month in a row, the rate has fallen, but analysts had expected a bigger drop, stubborn inflation means the federal reserve is more likely to continue it's pace of interest rate hikes. we go to jens quarter in new york yen inflation did cool, but not quite as much as hoped. give us your read on this now. well, i mean at least the trend is right, but that's pretty much we had already as stops. i mean, we do see low prices for computers, for example, for tv sets, and also for used cars so, so that's actually a pretty big item. but done been on the other side, we still have elevated prices,

especially when it comes to shelter energy. the price is by the way, we're up good 8 percent last week and that's not even included into this latest the c p i figure and also food prices are still on the rise. so quite obviously it is a good trend then for 7 consecutive months, a price increases have a load. but 6.4 percent in general is still a pretty high number. historically, the question is, what does it mean for federal reserve policy? what policy, what does it mean for interest rates? which of course have global consequences as surest him, i mean that so where does all comes down to it? so what will the federal reserve to, i mean we've seen it after those so figures sick, a got a published or we saw a spike in beds that we will not just see an increase threads increase in march, but also another one in may. and even the 3rd one in a june

a. so that's where the bed stand at this moment. but it is also not entirely a off the table that we might even see in interest rate in the near future of 5 and a half, or maybe even up to 6 percent from the 4 and a half to 4.75 percent where we stand right now, so was that report, especially also was the latest strong numbers, some on the labor market, there will be more interest rates increases where it stops really depends on the next set of data that we will get from the labor market and from a c p i to me personally, was a bit of a surprise that the market took it rather calmly. this report, especially when you look at the dollar, it did not really move that much. and also wall street only a slight loss of sierra in the juicy session. ryan's court following the inflation story in the u. s. thank you. let's go over to some of the other global

business stories making headlines. air india has unveiled an order for 470 passenger jets in response to surging demand for air travel. 250 of the plains will come from europe's air bus. prime minister and arrange remote. he joined in a video conference with french president, a man wilma kong to announce the deal. boeing will supply another $220.00 jess. japan's economy has returned to growth, expanding 6 tenths of a percentage point in the 4th quarter. the upward movement was driven by more inbound tourism and stronger private consumption. analysts, however, were still disappointed. they'd been expecting an even stronger rebalance. ford has announced plans to slash 3800 jobs in europe over the next 3 years. the cuts are to be focused in the areas of product development administration. the automaker sites rising costs and the need for a leaner structure as a pivots to electric vehicles. most of those cuts will be in germany and the u. k.

meanwhile, europe has set a deadline for saying good bye to cars power powered by fossil fuels. the european parliament setting a new law banning their cell from 2035. well, makers in strasbourg approved the bill, which now goes to european legislators to pass in law. they say the deadline was for investment in europe and help the continent meet its goals are becoming climate neutral by 2050. but so far that you has not been able to agree on a time table to face out fossil fuel, power, buses, and trucks. or course wanted better ego joins us now from strossberg burnt. why has europe focused on a hard deadline for phasing an electric? other countries like the u. s. don't even have one where the goal for the european union is said to protect the climate and to make come, make us move in europe. the european union says we need a clear timeline, a clear emission target which is 0 and also

a clear technical framework. and actually it's working a major european comics and especially in germany have already committed to meet a this target and to stop the production of combustion and jens by 2033 or 2035. and the you also says, european car makers have to be in the forefront of this revolution, not trailing other comic as another part of the world, especially chinese car makers, carmakers, which are investing heavily in electric in the car production. and so you're wants to keep up the pace as you said, many european car companies moving clearly towards electric, already releasing electric models. at the same time, the traditional auto base is built around the combustion engine. now more battery makers are also heading to the us because of their massive subsidies. do you hear concerns that europe may be hijacking its own car industry by forcing it to so quickly shift gears they are there of course concerns because the,

the challenge is huge and the chosen for, for example, to have all the auto pods ready to make these cars to keep out of pot production in europe and also to have better production here. and especially to produce semiconductors, the computer ships, which are the core of the electric cars to produce them here. this is a challenge and a chances also, this is what the unions are saying that you need less people to produce these cars, less car workers, actually because electric cars are much simpler than a cosmos. com, but the combustion engines. and that will be a challenge. the next 12 years to, to you know, to relocate the workforce and to educate the workforce. also, we see that opponents of this rule are saying that many people still can't even afford an electric car. how to supporters of his measure responded that where they argue you more cars are we make with electric engines,

the cheaper they will get. and the, the average price of electric cars should be not higher than the combustion engine car in the future. and also the cost for running this car for driving this cars a lower because you don't need fossil fuel any more only electric power. and some polls show that actually in europe, people are eager to buy cars. 2 thirds of consumers say they are interested in electric cars. and the commission or also is proposing that trucks and buses will have to run without combustion engines by 2040. so the train is not stop verbal anymore. all right, that's been reagan in strasburg, where the parliament agree to that new measure. thank you very much. it was almost one year ago. the western nations vowed to reduce the military useful trade coming in to russia. v. a sanctions. a trade records have provided

a picture of what's actually happened this past year. chinese companies have continued and in many cases even increased their business with moscow. data analysts say there is clear evidence that china has dramatically increased military shipments to russia since moscow invaded ukraine. a network of chinese defense companies operating directly under the state owned assets commission has been steadily supplying russia with military hardware despite international sanctions. almost 2000 companies operate within the poly group network, including a defense conglomerate called poly technologies. and so what i've identified from the companies that i've been researching is actually an increase in military applicable parts that are explicitly labeled for military systems to russia. from china since the side of the war. and even for a couple of months preceding war, we see about a 300 percent increase and $171.00 system parts from power technologies to these russian defense companies. just about

a month or 2 before the invasion started. and most of the shipments are actually during the war itself. many of these companies are shipping directly to russian military hardware. companies, which are operating in ukraine. among the electronics and machinery parts are parts which are explicitly for military use. in october, a company called china talley aviation shipped right up pots for the s 400 andy aircraft system to a russian defense contractor allmers anti. that transaction was detailed in a wall street journal article based on data from c 4 ads. and between june and november, there were multiple shipments of pots for m. 171 helicopters, this time poly technologies selling to renew the ation plant. but because of complex supply chains, it's not just chinese companies that are implicated and we see about 30 percent analogy straight partners,

house active western ties and shipments either exporting, importing or countries of origin. and this is really impactful because sanctions measures specifically stipulate that any entity who's trading goods or services or even financially supporting these sanction russian defense companies is potentially at risk for sanctions penalties as well. that applies even if the company isn't aware of the final destination of their product. and even if it wasn't a direct shipment. however, some companies clearly believe that the profit is worth the risk. and finally, valentine's day is a holiday for sending messages of love. and that typically means one thing, flowers. but one florist in washington d. c has sought out an unusual delivery partner for an extra $35.00. the cane on courier will bring a bouquet to your door. flower shop owner, launch the initiative 3 years ago,

donates the proceeds to an animal rescue. shelter is a reminder of our top story. u. s. inflation fell only slightly last month and the prices rising. 6.4 percent year on year, the 10th of a point less than assembler, analyst had expected, a big drop, right? that's for it for me and the dw business team, it's watching i mean children, the war they are helpless victims and sometimes little heroes. 2 thirds of all ukrainian children are on the run. mm. how do they experienced the world? will it ever feel safe to them again? ukraine's youngest victims close up. mm. next on d w this week, the 77 for sales pc nigeria,

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