a and here's a quick reminder of the top story. we're following for you at this hour. israel's military has launched airstrikes on the gaza strip. it comes after a barrage of rockets was fired from lebanon into northern israel on thursday. and that's all for me for now. business is up next with chris kolber. don't forget there's much more news on our website. that's d, w dot com. and of course our social media handle is at the w news. i'm aaron tillman. berlin, thanks for tuning in. i she's got is just a thought so crazy. with

just a click away. find out best documentary on you to anyone in the morning the the world as you've never seen it before. dr. now t d w document training. ah, a plan to rein in the ramp inflation. that's what the leaders of 11 latin american countries have agreed on. take a look at what specifically they want to do to solve the problem which has been plaguing many around with no cost coming up. we'll show you an initiative in rio de janeiro, which aims to bring food and a bit of happiness to the cities for chris global well to program

average inflation for latin american countries stood at almost 15 percent last year, or the international monetary fonts us is creating a crisis, particularly for those who have already been struggling now the leaders of $1111.00 american countries say they forged to plan to address the issue as argentina's, inflation rate of almost 100 per cent, saps earning power and outstrips wages. 67 year old jorge pedro r 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 $4.10 people in the south american country that is in no sugar in it. sometimes i

can't make it until the end of the month, so she got 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 for commer boyle, my 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 a mobile that. at their virtual meeting, the presidents of several states agreed on measures to fight the inflation of what it wasn't political. if we agree to remove barrier lane,

tariff stack will know had 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 a sense for products that better prices in the face of inflation and high prices? he thought the gay will and you, that elemental, she brought us bicycles. i mean, 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 the studio 3. how good to have you. we've 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 other than their own. so that makes them vulnerable to changes in the global economy in their own currency. 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 ukraine, 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 is 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 latin american countries want to work together to combat this rampant inflation . what exactly do they want to do? well, the final communicate 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 finance architecture, which would probably mean to exert some type of pressure against lenders or 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're really going to have an impact, you do have to include the other site 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 in the reach. he ws harvey, i get us. thank you for your analysis of you know, 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 for 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 we want to can already in a room. it's been a long time since i have witnessed the boom, like this on. tesla has promised to invest millions home, which on that put a lot of things in motion and it affects real estate and industrial companies. i live cearti large order suppliers have already moved to new, overly on to be close to tesla. the electric car maker has promised to invest $5000000000.00 in phase 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 his spokesman for the automotive sector here. his optimistic about the future so long as he will, but respecting to see 5000 new drugs really. and as the rule of thumb in the industry, every job in an automobile plan brings another 6 jobs in the supply chain. so we're

hoping for 30 to 35000 jobs seen that in this scene call me knows him blue. the alley and plastics plant is located just minutes away from this field in santa carina, the future home to tesla's newest, giga factory, et cetera. 3 plans spread out over 1600 hectares. expected production, $1000000.00 cars per year. the local government has agreed to protect a 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 dancers is down. we think that once tesla offers 30000 pays us a month one, every other company here has to at least up there offers to 25000 pieces, so more not to lose their employees. so for us, tesla is a key investment. could amos get their lives when a merger, langler, others agree?

mexico's president manuel lopez on her door thought that test us plans couldn't be realised due to lack of water in the area. now he has changed his mind and supports the plant and now to some 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 bay envisioning that the playmaker will open a 2nd final assembly line in china. jen, jen, 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 us

. it misclassified some retail investors as also finance, also phases, regulatory actions in the united states. the u. k. italy, singapore and britain will take you to raw senior and mon gara now to fabulous and really narrow, where 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 needed most. chef analisia. acosta prepares marinate pork loin with lime and ginger than she packs a 100 portions for people in her community. her senior rios, 2nd largest vela coast around one of brazil's 52 solidarity kitchens and initiative by gastro, martina 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. oh, good lord. alloy, sir, a homeless person, al, 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 feeling that these are 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 from 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 for vela fellow volunteers. chef carlos alberto silva, prepares meals in his restaurant as it would have for you. 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 marvel getting farther. he's gone. that's our magic. yes, a green my here. 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 ever successfully.

ah. enter the conflict zone with sarah kelly as worship, war of aggression against ukraine raises on the battlefield. it is also using information pam pains to promote both narrative in a conflict so special. i mean a security conference by at the high level panel, help him win in the battle again. information conflicts on d. w. a blockbuster sounds from the farm. in the middle of a german village with pete burgess lives and works here with his team, a superstar among posey also love with his

bag 60 d w. m. what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage 360. get out now. as well as war of aggression against ukraine bridges on the battlefield. it is also using just information campaigns to promote false narrative in a conflict. so special ed immunity, security conference i spoke with the czech republic, foreign minister nato's assistant secretary general, google's president of global affairs, and a south african dis, information specialist. how can the truth win the battle against its information.