john spy, a panel of international costume and fashion design. it's very fancy coming up next. rob was with all your d, w business news, including how inflation is heating. the bottom line, full b, u. s. rates highlights, don't go away. she's up to date. don't miss our highlights. the d w program online. d w dot com highlight several did in right wing extremists writes regression again, wild might be and company linked and burned in south africa. people with disabilities more likely to lose their jobs. in the pandemic black lives matter po,

shine a spotlight on racially motivated police violence, same sex marriage is being legalized in more and more countries. discrimination and inequality are part of everyday life. for many, we ask why? because life is diversity to make up your own mind. d. w. made for mines. ah, bull moths warning has wall street worried u. s. retailers save price pressures on shop us will hit that bottom lines this year. well cross to our correspondent in new york. south africa is in a state of disaster over its electricity crisis will ask if there's any end in sight and then an exclusive interview. the fed philippines,

foreign affairs minister, explains how his country glanced to balance us. and china trade is, is due to re business on robots in berlin. welcome to the program. america's biggest retailers are expecting inflation to hit that bottom lines in 2023 u. s. chains. walmart and home depot have both offered cautious. forecasts for the year ahead sank, price rise as a hitting some consumers. wilmot is the u. s. is biggest private employer. will st stocks tumbled on tuesday as news of inflation precious raised invest a fears that the federal reserve might need to take a more hawkish approach interest rates hikes. set him on this, that is crossed to the new york stock exchange, speak to teddy austro correspondent that teddy. so what exactly have we been hearing from walmart and have deaf oval, home depot of you said well, what we're looking at is the,

in these annual projections is that home depot, wal mart, these retail giants believe that the macro situation here in the united states is going to decline that inflation is going to continue to hit americans wallets. and of course those sales are going to come down. now wal mart earnings did better than expected, but they seem to be still their consumers are getting hit by inflation. we're seeing sales down and in things like apparel and home goods, but it is a bargain retailer, right. americans are buying their groceries at wal mart. now at home depot, we're seeing that a decline and forecast because of a $1000000000.00 investment. they claim in wage increases in retaining their staff . so as the reaction been like that way you are. well, wall street isn't particularly surprised or frightened by wal mart. however, at home depot that $1000000000.00 investment in the workforce. that is bringing that stock down. but really, the news to day on wall street is across the indexes of the markets really are

scared that the fed is going to continue down it's hawkish path we saw at the beginning of this year. i'm a recovery or calculation that there might be a pivot that the fed will be a cutting rates, but indeed there seems to be a return on that calculation. ok to the auster, the new york stock exchange. thanks a lot for the update. now south africans have suffered years of rolling power cuts, but just recently things have gotten much worse. earlier this month, the country's government declared a state of disaster with energy utility ascom in deep crisis left quite literally in the dark. many south africans are now wondering when their electricity struggle will end forced to so by candlelight fraser. caswell, a seamstress and cape towns, mitchell's plane township has had to give up a lot of her clients due to rolling power outages that have become a part of life across south africa. couldn't take a look. so it was just home,

but i never disappointing. so i always try to finish up. we are still really close with south africans left at a 10 hours a day without electricity because of rolling blackouts by struggling state utility, ask arm. the city of cape town aims to have power cuts for its residence by 2026. so you called growing economy without power. so we would not be having this discussion as a city, if for is commas working, if the state monopoly was working. but like many state monopolies around the world, it is not working. it is very ineffective. it has not invested adequately. it is very bloated. it is very, very corrupted, as at the center of south africa stud, kept a scandal of the last few years. so it does require moving away from cape town, issued a 200 megawatts solar energy tender last year and expects to follow with another in the next few weeks,

officials plan to procure up to 500 megawatts from private power companies by 2026 to provide roughly a 3rd of this city's annual tricity needs. ultimately, we would look at producing as much, oh, in forcefulness, gone as we could. but i would say for the next 5 years or so, certainly still the majority of the both the power will come from his home. but at the same time, we'll be able to reduce the demand to the point where the amount that we have to ship 5 per stage would obviously talk. other cities, including johan iceberg are looking at issuing similar contracts with private power companies and solar energy tenders. but there are major challenges, for example, so far it's mainly just large businesses and wealthy residents who can afford to install solar panels. alternative energy companies now want to help low income households against emails, like stopping iowa against the c panel to the city. and it is like they do,

we do a dressmaker phase that caswell hopes out one day she will also be able to afford solar panels to easy impact of the persistent outages. so essentially being done to en south africa electricity crisis. well, as the question that we put to alice vancover reporting from cape town, well, it's clear that africa will need older extra power. it's can get so many plans, many projects. for example, wind energy, solar energy, i think, as well last year during the climate change conference, the hope was that i forgot maybe really go green. well, the government is clear, we still need coal. we still need nuclear energy. so to go to work on all these projects, what they are going to do, it's going to be easier for private entities to have a solar form or have a wind farm and filled up electricity. and also consumers,

if they do have the means to put solar panels on the rooftops, and they have extra power left that they're not using for the household. they can sell it back to, to sit african government. so many plans but not a lot of confidence because that african say we've been hearing this for a long time. now this is a crisis that has been in the making for many, many years. if you look at the power stations here, on average, i think they're like 40 years plus olds. so the infrastructure has been agent has been breaking down. there's been a lot of mission management and corruption as well in the, in the power utility s. com. so people have actually lost hope. this is not a crisis that's going to go away soon. so africa is playing catch up and not a game. they're going to win and winter's coming. so the fear is a might all get worse. allison held that now the government of the philippines is

hoping to perform a diplomatic balancing act, a want to increase trade ties with china, while also building relations with the united states can really be a friend to all as the government that claims philippine foreign minister and re came a knowledge has been speaking to d, w businesses. janelle dem allowed secretary manella. thank you so much for joining us today. it was a hope of the previous administration, of course, that china will deliver a lot in terms of infrastructure in terms of investment, not that much of what was promised actually delivered in the end. the current government of ferdinand marcus junior. he is also looking to pursue deals in infrastructure, agriculture, tourism. how confident is he that the chinese would deliver a little bit more for him than they did for the therapist? well, we're hopeful because when he, the president visited china last month, and there were a round of meetings amongst businessmen, not government,

the government business. and quite a number of investment pledges were made almost $22000000000.00 worth. so we're hopeful that that this will actually materialize because there was definite interest on the part of the chinese investors to come to the philippines. so we really have to see how much of these can be translated into actual projects. we hope it does, because that would certainly be a big boon to our economy and also you know, be a source of employment, i suppose. because there is a key difference between now and then between when do there at the made these deals . and when market has now made these deals, and that is of course, the positioning towards the us. why would they deliver more for the philippines now? well, i would benefit china. i think also for investment wise it's, you know,

in terms of business and the whole idea is to see how we can promote economic ties and then make pro and then get the business men and the people to profit from it. and we have also recently signed into the arts of the regional comprehensive economic partnership with china's also member with 14 other countries . so i think these are meant to these are actually you can now make our business transactions. so i basically would go in there only if you would benefit. and i think that some china would, would hopefully that's how they would, perhaps just speaking from the perspective of germany, there's been a lot of review of the idea that economic engagement brings countries into the community of nations. and germany has learned this lesson of the hard way with regard to russia doesn't the philippines have similar worries with regard to the entanglement with china, like not a democratic state, an authoritarian one. well,

we don't actually have a policy to prevent what we do is have a policy of diversity diversifying our interests. so for example, when we say we are friends to all that includes also economic ties. so just last week the president went to japan and we also had a number of investment agreements there, monday to almost $14000000000.00. and we have extensive arrangements with, with australia and other countries. so we are trying to not put all our eggs all in one basket, and that's exactly what we mean, or that's part of the meaning of our independent foreign policy. so while we have no particular policy to, let's say, minimize relations with any countries, we seek to maximize relations with as many countries as possible. thank you very much. thank you. and just lastly, to spanish transport,

officials have resigned day re quarter of a 1000000000 your order for trains that could not fit through some tunnels. operator ren fe, ordered the trains in 2020, but the following year manufacturer calf realised that the dimensions it had been given were inaccurate and stopped construction. the spanish government says the mistake was spotted early enough to avoid financial loss. however, the region of kentoria is demanding compensation less so from us until next time with africa. the future of coffee beans may take roots here. sustainable, resilient, productive coffee. exporting country of uganda. helping to fight climate change with a project to i took a huge ecological experiment

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since the ship began to take a look back and into the future in the new building. slowly, in february on d, w. with it we know the effect all our lives in the same way, but there is no doubt about age. we are living in the digital age.