of happiness to the cities of l. i'm chris global. welcome to program average inflation for latin american countries stood at almost 15 percent last year . the international monetary fonts us is creating a crisis, particularly for those who have already been struggling. now the leaders of 1111 american countries say they forged to plan to address the issue. as argentina's, inflation rate of almost 100 percent saps earning power and outstrips wages. 67 year old jorge pedro are mo, has found a painful solution. juggling 3 jobs is a metal worker, a part time salesman, of flip flops, medical creams, and honey, and as a soccer coach. our mo, an who lives in the outskirts of the capital one as iris works 7 days a week, every week to stave off poverty. that affects almost 4 in 10 people in the south american country. that is enough in the sometimes i

can't make it until the end of the month, which you are like handle, hey, for electricity lou. water bills, taxes which are very high in place. elephant oil dog idle it is, it's not only argentina fighting extremely high inflation. some caribbean nations are struggling as well. in cuba, the official inflation figure last year was 39 percent independent economists estimated to be a lot higher. the state at least gives out some food via the so called supply book, but you have to be flexible because not everything is always available. ready another coma boil. huh. yeah. more chicken than anything else because that's what they give you. i don't like chicken. i prefer to eat an egg, but since i don't have anything else, i have to eat whatever there is. because i can't go without food, and i'm of all that at their virtual meeting, the presidents of several states agreed on measures to fight the inflation. but it

wasn't political. if we agree to remove barrier tariffs that will head and sanitary measures because each country has something to offer to consumer in the i looking for is it in this way we can get food and they sent for products at better prices in the face of inflation and high prices he to the game with a knew that ally men dusty brute does bicycles. i me heard, but issue many in latin america and the caribbean. now hope that these measures become concrete so that inflation will soon slow down for more i'm not joined by harvey. i get us news anchor on our spanish speaking service and formerly a presenter here on the w business. welcome back to studio 3. how are you? good to have you. we seen the problems caused by inflation vividly illustrated in that report. but remind us how did it get so bad?

well, of course, latin america, diverse region, every country has its own different problems. but broadly speaking, most of these countries have rather high levels of external debt that, that most often has to be back in a foreign currency nor than their own. so that makes them vulnerable to changes in the global economy in their own currency, is that also costs as a general distrust by the populations. argentinians, for example, prefer to have their savings and investments in dollars than in their national best, or because they think it's safer that further weakens their currency and makes prices look or go up. and last but not least, it's important to remember that inflation is measured by a set of products. most of them are great cultural products and we've seen a perfect storm of the warren crane, which drove the prices of grains up. we saw climate change and droughts in sometimes with record levels of rain or low levels of rain in the region. and last but not least, also very important. the bird flew, which has driven up the prices of meat. so all of this has caused the increase in price, so there are certainly regional factors that are also to blame here. now,

11, that number in countries want to work together to combat this ramp and inflation. what exactly do they want to do? well, the final communique of this summit is quite vague, yet they are going to meet again in may. but what they are talking about is to reduce the trade barriers and tariffs, and also what they call a to simplify the logistics to make export and import of those products within the countries and with other countries, easier and cheaper. they also talk about a fair international architecture of financial architecture, which would probably mean to extract some type of pressure against lenders for debt cuts or to reduce the interest rates. and is this initiative likely to be successful? i would love to tell you that it's going to be a huge success. it sounds rather simple and easy to do, but let's not forget that all of these countries, most of these countries, at least, are politically aligned in this case, to the left. if you really wanna have an impact, you do have to include the other side. experience in latin america has shown that many of these initiatives fail because a country may maley a heavyweight countries like brazil,

argentina can quickly change from one political direction to the other. and then turn their backs on these types of initiatives due to ideological or political problems. if this happens again, we will see this initiative fail. maybe they'll be successful. we certainly hope for it because it's important for the people to reach t w's. harvey, i get us. thank you for your analysis of you. no less than a month ago. tesla announced plans to build a car factory, monterey, mexico. close to the us border since then. suppliers have set up shop housing for workers has gone up along with wages, concerns in the water, scarce region have also been growing. this is the speaker foot tesla model 3. it's made by the mexican company, ali and plastics. director felipe ability i assist that ellen musk steamer tesla contacted him just days after announcing the new factory being built near monterey . vilerol assist output at his company will likely rise by

a 3rd as i want something already in a room, as it has been a long time since i've witnessed the boom, like this on. tesla has promised to invest millions home, which and i put a lot of things in motion and it affects real estate in industrial companies. relas 30 large order suppliers have already moved to an overly on to be close to tesla. the electric car maker has promised to invest $5000000000.00 in face one alone. what made this location attractive to tesla? the proximity to texas was a factor, but also the industrial background. this northern mexican area has manuel montoya as a spokesman for the automotive sector here. his optimistic about the future so long as he will. but we're expecting to see 5000 new jobs really. and there's a rule of thumb in the industry. every job in an automotive plan brings another 6 jobs in the supply chain. so we're hoping for 30 to 35000 jobs seen that in the

single me knows him blue. the alley and plastics plant is located just minutes away from this field in santa katerina, the future home to test last newest, giga factory, et cetera. 3 plants spread out over 1600 hectares. expected production, $1000000.00 cars per year. the local government has agreed to protect the plant with 700 national guard forces. the company owned by one of the world's richest men, has also asked the state to pay for several roads and a water treatment plant. governor somewhere garcia says it's worth it. tesla is expected to pay an average monthly salary of $1600.00. it's a major improvement for the entire industry. and don systems, we think that once tesla offers $30000.00 pays us a month one, every other company here has to at least up the offers to $25000.00 paces, so more not to lose their employees. so for us, tesla is the key investment. who could amos get their lives when

a 1000000 angler others agree? mexico's president monterey lopez open a door, thought that test us plans couldn't be realized due to lack of water in the area. now he has changed his mind and supports the plant and autism of the other global business stories making news. friends is facing travel and commuting disruptions on thursday as another nation wide strike takes place. union chiefs call for massive demonstrations. they're pushing back against present recalls. rising of the retirement age from 60 to 60 years, the ceo of airbus has signed an agreement, b envisioning that the plane maker will open a 2nd final assembly line and china tangent facility will effectively double air bus production in the country. australia's financial regulator has canceled the derivatives business license of the world's biggest crypto currency exchange.

finance company has come under scrutiny after it miss classify some retail investors as holsen finance, also phases, regulatory actions in the united states, the u. k. italy, singapore, and it will take you to ra senior and my gara now to fabulous and rio de janeiro. we are a charity provides volunteers with collin airy training ingredients and a mission not just feed the hungry but delight there. take days and bring them some happiness to those who need it. most. chef anna lucy. acosta prepares marinated pork loin with lime and ginger. then she packs a 100 portions for people in her community whose senior rios, 2nd largest, vela coastal runs one of brazil's 52 solidarity kitchens, an initiative by gas remote eva, a charitable organization that provides volunteers in poor communities with

culinary training and ingredients. so they can bring meals to those who need it most. who reward alloy for a homeless person. this will be their only meal. that's why we usually give them dinner. if we give them during the day by 8 o'clock at night, they'll grab a hammer and fight with a friend to get their food one, but not at night. if everyone eats, every one, sleeps peacefully on them up by the end of the south. american country is one of the world's top producers of soybeans, corn, beef, and chicken. still, nearly 60 percent of brazilians suffer from food and security. this is a statistic. kosta knows all too well. she estimates she makes and distributes 400 meals per week. kosta herself relies on a welfare payment from the government to get by about 600 reyes or a 110 euros each month. victor. but nobody wants to give us

a job if we don't have proof of legal residence or because they think we're bums. employment in rio is difficult. younger. in another fidela fellow volunteers, chef carlos alberto silva, prepares meals in his restaurant. i. yes, brooklyn fuzzy of we try to do everything with love and affection. the only difference is that we take it to the street, but people ain't what we make. mars scheduled for the school, that's our magic. yes, lucky a green my g. u da silva struggled with drugs after his son died in a police operation in the fidela, an all too common and tragic occurrence. now he spends his days cooking. he credits the program with saving him from addiction. it keeps him clean, he says. and others from going hungry that social thanks for

watching of a successfully. ah ah, [000:00:00;00]

with a fancy a walk across lake garden, italy's largest lake climate change has made it possible pedestrians now strolled where there was once water. but this tourist novelty poses a real threat to the region. the lack of water endangered both nature and the economy focus on europe in 30 minutes on d. w ah, [000:00:00;00]

a couple late and burned in south africa. people with disabilities more like lisa jobs in the pen, demi black lives matter, 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 in d. w. need for mines. how can journalism help us in overcoming divisions? registering it for the d. w global media from 2023 in bonn, germany and online and increasingly fragmented world with a growing number of voices,

digitally amplified. you see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. register now and join us for this discussion at the 16th edition of d. w's global media forum. ah, this is the w, is leih from bob in kind words, but china and the stern warning invasion. you chief us on the line. the price is china's leader at gigi and paying on these nuclear weapons dance,