now, rare footage of the titanic ship wreck is being released some of it for the 1st time . in 1086, a team of us scientists filled the wreckage of the finding the titanic here earlier of the coast of new foundland canada. the footage is being released to coincide with the 25th anniversary of hollywood movie from director james cameron. and that's it from me and the new scene for all of an update for you at the top of the hour. don't go away. business news is up next for you with janelle to mila. after short break, i'm gabby office. man, 13, thanks for watching. with johnson dodge to searches for the truth again. this

time of the exiled turkish journalist meets svetlana itsyana, sky, exiled leader of the opposition in bella. luce, of course, i'm tired, i'm tired, physically untied. morally, it's too much on my shoulders. but i have to hold this way because i'm responsible for the future of our country, for the people who are behind the boss. guardians of truth starts february 18th on d. w. ah, there is a human cost and an economic cost. the earthquake and turkey is sending tremors through with the economy. that's according to the european bank for reconstruction and development. also on the show, how real can augmented reality feel?

one german start up says it's technology gets that pretty close. and mexico with government steps in with measures to contain food prices. but are they working with v w is this i'm janelle dumas and welcome a warning for turkey. the european bank for reconstruction and development says the recent earthquake there could hit the country's economy by up to one percent of its g d p. hampering recovery efforts and our report out today. it also warns there's misplaced optimism in the economic recovery of developing regions in europe. the middle east and north africa, the e b r d 's says it's focused region, saw 3.2 percent growth between january and september of last year. but that was still slower than growth. the output of all of 2021. looking at country growth, specifically the biggest decline it came from ukraine, which posted

a 30 per cent drop in the study period. while turkey grew 6 point one percent during that january to september period, the e b id says the earthquake has significantly dampened those prospects. we're joined now by e. b r d chief economist be at a for a chic welcome be outta so let's start with turkey. you views the experience of a previous earthquake in 1999 at the model to assess the economic damage that turkey may expect from last weeds. earthquake, tell us, what are your findings? well, the earthquake has been a huge human tragedy, but also it has economic costs. however, even though this years earthquake was stronger in magnitude than the one in 1999, we hoped that its economic impacts will not be greater. and that's because the previous earthquake affected part of the country with very strong input output

linkages to other regions. so the impact of the earthquake was felt why beyond the region directly affected the part of turkey that was hit by the cataclysm this year is focusing mostly on light manufacturing and agriculture. so the hope is that the agricultural season can still be saved. and because of weaker linkages to other parts of the country, the impact will be more limited. now, i would like to ask, what is the e b r d going to do? will you be making any emergency funds available for turkey and syria in order to help them rebuild? my colleagues in ankara are looking into ways we can help. now, it's very clear that in end the reconstruction effort, public funding is never enough. therefore, it's critical to mobilize private investment and that's exactly where we can come

in. we invest in private sector. last year we invested 1600000000 euros in turkey. and we hope that through the, our knowledge of the country, through our links to the private sector, we can bring additional private investors from abroad. and in this way help the reconstruction effort. many hands to help than and, but zooming out more generally on your report. so the title is not out of the woods yet. you mentioned a whole range of factors affecting growth expectations. what do you stands out as the biggest challenge of all? inflation is clearly the challenge that standing out, even though we are expecting a lower inflation this year. we are still talking about double digits for m aging for emerging europe and looking at historical experience. even these current projections may be somewhat optimistic, and of course,

inflation is harder for people in emerging europe to cope with simply because their incomes are lower. so a larger chunk of their income is spent on basic necessities. now if also said that markets are expecting higher gas prices in europe, and they're expecting them to remain high, sorry for the next several years. why is that? well, that's because the global supply of l n. g is limited by physical infrastructure and it's very costly and it takes time to increase the ability of the world to, to sell more. ellen g. moreover with china opening the demand for gas imports is going to be higher. and even though the prices are lower than what we saw a few months ago, they are still in europe 5 times as high as the prices in the us. and that's going

to have a negative impact on european competitiveness. thank you. e, b r d chief economist b at java chic, therefore us, thank you for your insights. thank you. now to some of the other global business stories making news. the u. s. experienced and unexpected balance and retail spending in january sales, john 3 percent from december as auto dealers, department stores and restaurants all recorded strong turnover. it's the largest month to month gain since 2021, and is expected to add to pressure on the fad to keep raising interest rates as it fights inflation. world bank chief a david malpass says he will step down as head of the development lender nearly a year early. he was appointed to the role in 2019. when donald trump was president, recently mel past has come up against calls to step down for is inadequate approach to the climate crisis. next up are reality check. an augmented

reality check that if german start up kick fell, says it's using a new technology to make augmented reality. reality feel like a real encounter. we take a look through their so called wonder data glasses. the southern german city of calls ruler a young start up with a lot of money and $3.00 found as with big plans, there are 2 so called holiday acts here. they connect colleagues as if they were in one room with the green party that glows like that. as an infrared tracker at the top and can recognize the via glasses in the room. and then when i move, the image is corrected up here with software, giving the illusion that the person is in the same space. i watched it. this works because the glass is reflect to the eye what is on the screen above the person has come to me for quite a lot is going on here at the same time and there's

a display in there. we have the whole human factor, white, different dimensions, and the brightness is a big point because we're looking through it and fighting against the ambient light . and i think augmented reality is one of the most complicated things you can build right now. well yeah, because i haven't launched a rocket into space yet, but i suppose it's easier. who's making the glasses. the big tech companies are investing billions in the fight for the future market. i need to play of some players have been around for a few years like microsoft and magic leap on the big hope is that apple will bring out augmented reality glasses soon. it looks like this won't happen until next year at 5. there are other companies like in real, for example, who brought 1st marketable consumer ready glasses on to the market. the health market. a lot of these young founders in cal through aren't phased by that. they technology has so far, only allowed limited fields of vision in defect. m isn't in the end. it's

a technical problem still, a few times you thought you'd solstice, you through a lot of money at it and then realized afterwards that you don't get the fields of view that the form factors that you need. so you don't look stupid with it. i and you get that immersive feeling. we're doing something completely new. we're doing. i won't say how is that going to be 12 i t specialists and engineers work full time for geek cell so far. only men, but hopefully that will change soon. say the founders, the glasses will come on the market in 2 to 3 years, and they may open the world's eyes. now, last year, mexico's economy grew 3 percent, but rising food prices continue to weigh on mexicans wallets. this year the government has been taking steps to keep the costs of staple food and check, but they have had limited effect. going to the store is something carmen now dreds . as a single parent,

small stores are the best option. she has neither the time nor the means to shop at supermarkets. in the past, her weight is from her job at the gas station could fill the pantry. but inflation has changed that bit as these are the actual vegetables have become very expensive and other food items i used to get by on 500 pestle the monthly. no, i need 1500 pixels at least get combo. but i have a story lead, amazing, i guess the only clean in january, the mexican government adjusted its response to the effects of inflation for the 3rd time. the number of basic products for which prices will be stabilized was more than doubled to 50 from $24.00. ricardo sheffield is deering, the government measures. it says the price of a basic shopping basket has remained at $55.00, beating the government target. thanks in part to the time of the year.

yes. does yonah leave that in. ready polos lot, many products, i seasonal in that a years looking for some was and what we noticed with the 2nd round of measures that emma was that the price change for fertilizer could already be seen by the low mental it. but as years our laws are bonus, alo therapy, the santas. but basic products have still become more expensive despite the efforts made by supermarket chains and food companies. one of the challenges is the complexity of the mexican market. families tend to shop at smallest stores, more than 2 steamers to buy other brands. it doesn't work out with you a little. we have a very diverse market, a to truck market because we have a formal industry and a very distinct shadow economy. the qualitatively bad products are not among the

subsidized goods. they are used to lee or customers. they say they cost $1038.00 pixels, but it's less in the assay, jeremy, that those of missiles, carmen lives with her 4 children and 2 grand children on the outskirts of mexico city. she needs to feed 7 mouths on 2 wages. an empty fridge is the result of rising prices and an ever hard a choice on what to buy. that gotten is there it is fair. then we've reduced eating me to 3 times a week from 5 and fruit to 34 times a week from 5. given that can buy most, unless a man, inflation is leaving, it's mark not just a mexican wallets, but also on the eating habits. and finally, carnival season is approaching for people around the world. and of course, one of the biggest parties is in the brazilian city of rio de janeiro. their carnival is opening on friday and authorities there's they,

they're expecting $1000000000.00 worth of economic activity. a 12 and a half percent increase from the last carnival celebration, which took place in 2020. just before the pandemic shut down much of the world, 2000000 tourists are expected to flock to the event. that's our show. thanks for watching lulu. eco, india. how can a country's economy grow in harmony with its people and the environment when there are doers to look at the bigger picture? india, a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india. eco, india,

next on d w a, she's got who uses the thoughts they will, grey you will be with we can't live without water on our planet. it plays a crucial hole in our daily life. we drink, it, grew crops, generate energy, and produced its importance extends beyond human consumption with every people from wild animals to the small.