festivals, film festivals, all around the world. but there's only one time. and there's only one top prize 21 films from all over the world are in competition for prestigious palm door. and that's it from the avenue, steam for an hour of an update for you. at the top of the out uncle way coming up next to europe at india, getting together to talk trade and technology. cobra has all the details on dw business science wise, offering short break from out of the office in berlin from me and the news team. thanks for watching the

70 years dw, i just got any issues with a lot say what? the a feel good meeting with a little bit of an inch as india and the european union hold there 1st ever trade and technology summit. or correspondence will tell you what each side wants to get out of. also an issue of the year of in bank for reconstruction band development

flores is economy offload for most of the countries, services across 3 continents will tell you what's behind the cobra. welcome to the program. european commission. officials and senior indian ministers are meeting for the 1st time ever for a trade and technology summit to other ones. largest democracies will be keen to boost cooperation on everything from artificial intelligence, to digital governments to climate saving technologies. the u. is playing catch up on tech partnership with india. the u. s. has already a similar and brussels will have to navigate toni trade issues such as a planned levy on foreign businesses selling their carbon intensive where's within the $27.00 country block? for more or less spring and dw correspondent rosie bird chart in brussels and the charo card to k in delhi. rosie, let me start with you. tell us more on why the us so keen on holding to some as

well. it's no secret, but brussels is very much on the lookout for new partners. and this is the 1st meeting of this format. so it's also an opportunity for high level ending and the new politicians to get some face time a no need or 2 big democracies with big ambitions on, on their agenda, according to your officials. i've been speaking to that we discussing corporation on a digital technology. so high performance computing a corporation and exchange on semi conductors even on waste management. so of course, there's some big point here which is that the e u has advanced research and innovation on technology industries. so does india. but we're india is really ahead, is when it comes to workforce and manufacturing capacity. so if you speak to some business leaders in groups, they'll say, well, this is simply a match made in heaven and a very attractive offer. tennessee, for the you to proceed from a business perspective, a charo over to you and deli,

what does in do you want india? i want to get out of this as well it's, it's generally seen as an attempt to a yet another attempt rather to deepen the trained relationship between india and europe. now chris, we all know that the talk photo photo, a photo of free trade agreements between media and european union has been going on for several years now. in fact, they will stop the talks with store for several years, but they've been recently renewed and india is very keen to see those docs to insect. a foreign minister junko who is adding buses right now has gone to the as i said, that this would be a game changer if the free trade agreement could come across. so essentially, and the ice cream deep and it's freed relationship with the european union that in these, especially in these areas of technology and trade. therefore, this, this uh, counselor was a setup. uh, and it was announced last year. and during the slip on the lens, visit to india, chris rosie back to you and brussels as much as both sides. want to sell this as a feel good moment. there are differences in major one. is the used carbon bore

border adjustment mechanism. a tell us more on that. you're right, it's not of happy families here on the you is on a big mission. it says to try and make polluters pay. so us claimant policies get more strict within the european union. there are fears of what's called carbon. we kids and that's where it businesses would simply relocate carbon intensive production outside of the year, where there are less stringent policies in order to cut costs. so the european unit has pyres, new policies to try and call don't know, not by essentially making it more expensive to import carpet and types of goods. for example, cement steel of that is raising a big bone of contention between these 2 sites. a charl. why is this so much of an issue for the indian government or oh, windows, really? wario said inside it is almost looking into is almost looking this, looking at this as a trade in value. in this point is that this law is,

is going to increase the cost for india as exporters, and especially of exporters of energy intensive products. you know, there's, there's, there's to you, there's a medium, the c meant that fertilizers, so there are a lot of products and a lot of exporters which will be affected. the debt price is going to go up. india has said that this is unfair, and many analysts feel that this might even force him to explore those to look at other markets where so it's taxes do not exist. so it's, it's almost very, very, the threatening sort of a close for the trade relationship between the 2. but those it's r o. if this mechanism is such a touchy issue for the indian side, what are officials then making of the use for on policy to use it? joseph burrell saying in an interview that the blog should crack down on india re selling russia oil, russian oil into europe as refined fuel. i was engaged yet to respond to

that. then we, uh we, we get to see if uh, joseph beretta is less than, are you gonna take this up with the foreign minister institution? good yet. but uh, it is being believed that the statement is more about uh, you, importers, then about india. because if you look at his papers closely, you said that this is the indians. so it is because someone here is buying and we have to look at who is buying. so it looks like boredom is lazley, addressing the importers in you who by process crude oil and which, which one of the suspects or you suspects that in the, is coming out of the crude that it has been buying from russia. rosie back to you in brussels, um as the you wants to the risk, but not the couple from china is in the likely to function as an alternative. equally important trade partner. well, as i say, i think you've seen as an attractive partner here in europe and not only for those

reasons i mentioned, but simply because for the simple reason, but it is not china. brussels is trying to diversify its supply chains away from dependencies on beijing, and i think india certainly will be part of that. oh bill that relationship brussels has with beijing is so expensive. it's unlikely that india is going to be able to replace the supply chains in all areas. for example, the use looking to north america, when it comes to replacing supplies of critical role materials, they're both, i'd say they want to move ahead to your button. there are no breakthrough expected when it comes to that free trade agreement that char, we mentioned. so if they want you to different types even further, that would be a next step which is not expected to be any sort of a breakthrough or any sort of a big move. i'm not from that cheese. these talks, dw correspondence, rosie bird charging brussels and charl card to gain daily. thanks to you about of the european bank for reconstruction and development of financing and supporting

projects in almost 40 countries. across the 3 continents, not mid high energy price is elevated inflation and increasing borrowing costs. many of these countries will konami growth retreat this year the bank says and its latest forecast. with some notable exceptions. the destructive forces, on least by rush, us invasion of ukraine continue to recover on global economies. but developing regions from the southern mediterranean to the baltic states spice a particularly hard to fight in its latest report. the b r d terms, its regional growth forecast for 2023 by 0 point one percent to 2.2 percent. inflation high energy prices and types of credit conditions are in scenarios emerging europe and beyond. we see that emerging europe households are just getting by majority of households are just making the ends needs. about half of the households are unable to safe and wide in western europe. there's

a lot of discussion about the cost of living crisis. emerging europe is feeling the pain more severely simply because of these countries are poor. the are the forecast, slower growth in eastern europe and congress us this year. but just like center laser, i would expect it to grow more strongly in central asia is the region that has received an influx of capital and labor from russia. many i to companies have relocated here from russia. this is also the region that is benefiting from remittance is sent to by migrant workers who are working in russia. and these remittances have remained strong because labor market in russia has been quite strong. the b i. d is more upbeat on the momentum into regions in 2024, picking up to 3.4 percent. presuming inflation eases a

landmark deal allowing the safe blacks the export of the cranium. grain is due to expire this week, and it's still open whether it will be renewed. the agreement between russia and ukraine, brokered by turkey and the united nations allows ships to bypass the rushes, blockade of the printing coast. the expand of military call up to the ukrainian army has made the most important times of performing calendar, sewing and harvesting seasons, even more to a country road in don't bus pharma. you really pianos was headed to his fields the another attack next to the village. but found, got a truck is on its way here it comes. so we control machine is spring fields. just a few 100 meters from where grenades are exploding. doesn't matter how scary gets

we continue to work. we need this to survive, to pay my work as to what, because it's dangerous and difficult to zillow. the situation is a bit better in central ukraine. that's where dutch farmer cheese, wheezing a manages large tracts of land. he needs work as a consult for a large machinery, but his short staffed around 40 of his 350 workers are serving in the military. our main, a guy who does the repairs of the machinery in the fields. he's been in the army already since the very beginning. so he's very fast and repairing machines. you know, you can find if a tractor is broken, you can find a solution very fast. and then within 5 or 10 or 15 minutes, you have to track that running again. and when you guys going to take him one hour, one and a half hour, you know,

i agreed cultural projects as ukraine's main export. and the country relies on the revenue. that's why skilled farm workers are exempt from being drafted into the army. the situation is dire. i think the dental all the farm is all over your brain . i think in general and efforts they last. last, like up to 15 percent, around 15 percent of their labor force to the army. the war meant the farmers couldn't plan seed in the spring harvest, devastated ukraine's weak production is expected to be half of what it was before the war begun. and here's a look at our top story. european commission officials and senior indian ministers are meeting for their 1st ever trade and technology summit. to a large democracies are keen to boost cooperation on everything from artificial intelligence, to digital governance, to climate staging technology. and the social for more check out our

website at www dot com slash business. i'm 1st cobra mcfarland. thanks for watching . every successful the in good shape ring. so the homeless candidate as well as alcohol due to the building in what foods visit him and what are the consequences for your health? alcohol? which is it possible to simply tear down history? blow up all traumas all over eastern your soviets. monuments are being top 10 that fuel rooms

is demolishing the same as dealing with it. close on the 60 minutes, dw would or sports all of our scoring. we say they were about never giving up sports flies every weekend on dw, the studies show global alcohol consumption is on the rise, especially in areas where the economy and peoples incomes are growing. but less than half the global population drinks alcohol and many of the drink once in a while. you mice, however not realize how many.