overall, the answer is increased dependencies by increasing cooperation with other countries . thanks. gale oaks, dw agent, pacific bureau chief scales, mathis and harass my 4th. all right, well you are up. today's coming up next to my colleague, chris cobra has your business news. um, we'll be back again at the top of the next hour. so thanks for watching and take care, the voice i am must see on the new jobs. she's the face of a protest movement. i did not think so many women would send me the photos.

she's there motivator. all of us here are little must be the and she won't give up to the assignment for public took my brother hostage a few days ago. but at the trying to sign in the scene on the job they will be silenced. starts june 3rd on t w, the out of the backseat into the voting booths. grease is holding its 1st election since spending controls imposed by the heavily indebted countries. creditors, and it will tell you how the economy is faring on what's on voters minds also coming up in 2019 italy and china agreed on a multi $1000000000.00 deal as part of aging belt enrolled initiative. it's all for

renewal, but rome wants out. tell you why. i'm 1st coldwell bought from the program for the 1st time and more than a decade greeks will go to the polls on sunday to elect a leader. no longer when confined to steering the country's economy from a backseat, according to opinion polls, the primary concerns for those casting their ballots are installation of the economy. the ruling new democracy party left by can react grossman so talk is, is making a strong bid for a 2nd term. but they can serve or this promising to build on tax cuts and achieve 3 percent annual economic growth. well, so much for the problem is as of the future agrees, this recent past has been quite dire though badly hit by the european debt prizes in 2009 greece needed more for and money to survive and return. creditors demanded half the public spending cuts which left the deep scars among the republic. the

spending controls ended last year and ever since there appears to be some positivity. as dw is jack power comports. the backbone of greece is economy is small businesses like this 124 k olive oil based here in the city of patrice. so this is, this is your best product coming out of here. gold crystals, the root gets us, wants to expand the family business. the still see, 10 years ago was now employees, 9 people, only 15 percent of his products he sells in greece. the rest he exposed to the united states, egypt, germany, and across the u. a protection against any potential economic worries here for a while and while that's everything down there and go to the next step and big your facilities for us and the survey and exports to also some other countries. the only one thing about us is the cost. how to keep the costs and lower

levels since the olives used his oil come from 6 ties and trees dusted all over the region. crystal, as i say, is in this crow makeup part of what's expected to be a bump, a u haul this for green olive oil produces this. yeah. but on level production only makes up 9 percent of greece is entire agricultural i put the sustain grows here. all of the countries industries need to keep expanding. the grease is national debt in 2022 reached over a 170 percent of g. d. p. still the highest in your but that's a full 23 point. 3 percent full from 2021. when it was nearly 200 percent of g d p. none of the policies likely to succeed in the upcoming elections with introduced policies to stop that debt reduction. according to the governor of greece and the central bank, according to the case of greek for the pickup system,

has led lessons hard lessons from from the cartridge. i think nobody would dare to buck the block. the progress of this country has made over the, the previous thing here. progress based on she would sacrifice, which will be good. but i cannot make ex bus one. the bank will still need more freedom to lend to small businesses. out of almost 1000000 small businesses, only 30000 or so met the criteria. we're meeting the criteria of the of the banks or for borrowing, which means the money is very, very tight. whoever takes power off to the upcoming elections news. they need to continue to tap into the power of growing businesses, like the 24 k olive oil company. and now to some of the other global business stories making news. germany is dax index on blue chip stocks at a new record high on friday,

reaching 16294 points. shares were listed by growing optimism that you as lawmakers will hammer out a deal to lift the debt ceiling and over a confidence, chattering the faults of the european stock market were also points. german carmack or fox lagging, says it has sold as russian assets to the local dealership crude avalon, this comes as part of europe biggest carmakers exit from russia following the criminals. invasion of ukraine for sale includes the flagship collusion factory which employs $4000.00 people. a, do you 7 leaders are meeting in japan currently and along with the russians warn you crate on how to further respond to it. china is high on the agenda of the 7 leading industrial democracies of the world. the 7 member, italy, for example, back in 2019 struck an investment deal was basing as part of china's mass of belt and road initiative. $2500000000.00 are on the line. but role appears to one out

it's 2019 the year the head of chinese state. how did he his way they did these signatures? my did tell you the 1st 27 country to take part in china as new, so called infrastructure project officially known as the bout throughout initiative hall, the phone. now we tell you is planning to hold talks with china about a potential exit from badging flagship investment program. but rome is trying to do that without antagonizing china and putting commercial ties and venture to make it very blunt. i think to china, i need tell you, we've probably agree on the next it strategy that is not to be simple. i'm that we not imply retaliation. i think that the negotiation probably is happening in these front only between 20202022, china invest the through on 16000000000 euros and infrastructure projects. in

addition to previous investments in the part of 3 ester and the container terminal near general, the b, i remember on the more understanding states that the domain is valid for 5 years. and is it from what degree extended for another 5 years, unless terminated by either party utility has to make that decision in 2024. a number of other european countries are also part of the belt enrolled initiative, including some of you members like us, 3 of which has find a corporation to china as a lie. russia has not signed a b r i. memorandum of understanding, but it does also have a cooperation agreement so who benefits most from the b r i projects and funding india and all roads lead to badging trade with china and all of these countries because of the improvement in, in transport infrastructure with china is linking these countries further to

china, but rather in the rather unbalanced weight meaning imports from china. so the trick that fits is, are growing except for countries exporting commodities because commodity prices are very high. but that's, that's so it's a very big symmetric game for the time being. time is running out. the g 7 is taking place in 0 should mount 190 to from a. when prime minister georgie r maloney will have to reassure her rest and allies related or i spoke to francesca directly a belt and wrote expert at merricks, the mercator institute for china studies. and i asked her how likely it was that china that italy can out of this deal without disturbing its traits, ties with time? i think he said he would very much like that to happen. i don't think there would be an attendance to make that happen, including proposing alternative agreements,

not necessarily the renewal of the m o you. but there are a lot your agreements, especially from the, between the tea in china. my size is that there is not much help as hiking badging to work saturday schools of equity strategy. and therefore, i would not count too much on these option is actually because china seas these eventually as a victory for the united states. what actually to me self. now if we can always on the ation, this is still a piece of an open question. we've seen the approach several countries, the last of the 16 plus one framework with china, between central and eastern european countries and china. i've been the society being evidently sorry to receive the passions. so there's a difference between the 16 plus one framework and the bathroom recognition team to 1000 really should be these much closer to see to being as a seeker and is much more important for china as easily as well. is also quite an

arch country. was the 1st g 7 countries to joined the developer really needs to be . therefore, we don't know whether in this case indeed indeed with the castles may occur. francesca get ready of the mercator institute for the china studies speaking there, and you can watch the entire interview about china's belt and road initiative. what it means to many of the countries beijing has invested in and how this massive project is being viewed with in china leadership on our latest in our latest dw business special available on the dw use youtube channel. it is to free lock in which has launched a projects to electrify, half a 1000000 of its took, took taxis over the next 5 years. with the help of the you and development program, the aim is to become less dependent on fossil fuel imports. something for lack of struggle for months to pay for. and the other nations financial reserves drops to record low. there are 1200000 took, took some sri lankan roads. the name took, took comes from the sound,

their engines make as they sputter through the streets. but that sound may soon be history. representatives of the sri lankan government and the united nations have presented a petrol fuel. took, took turn the electric curious to alaska, the ongoing going on a cruise crisis. jet exercise by the limited access to affordable energy, reinforces the need to invest in renewable energy option and also to freeze out fossil fuel. the pilot project will support the conversion of $200.00 took to looks and if it's successful, the government plans to electrify half a 1000000 to took over the next 5 years. it is mainly for the enlightenment that you are not actually anything any conflict guides us as well as for your pocket because you will be completely saved the few that you are blending,

the pictures which will cost you will be only charging the the electric because using the electricity because more cheaper than purchasing fit for the electric took took, couldn't travel 80 to 100 kilometers per charge. but with very few charging facilities available, many of 3 line coast took, took drivers are skeptical that it's practical for them. said the 150 key allow me to hire. we will get stuck out of the way that we will have to stop. take 5 hours to charge the battery and then continue. we won't be able to get home that day. but the next day, this isn't unsuccessful project at the the critics also point out that more than 80 percent of sri lanka is energy comes from fossil fuels like oil and coal power outages are also common. however, the government aims to achieve 70 percent electricity production from renewable sources by 2013. that's our show. thanks for watching. have

a great weekend. eco in the radio station is making positive wage. disappear pollution and climate change it's estimating cause of india or radio station is trying to help using information to save the coast on the journalism filters and overcoming divisions for the d. w global media on 2023 in germany and online the

increasingly fragmented world with a growing number of voices digital. the amplified where this cluster can we really need to register now and join us for this discussion at the 16th edition of t w's global media forum. the how do i come on? so i've got the, the annual watching equal india. and we have again today is that.