system is still in the experimental stage and to bulky for an easy where, but further development should bring down its size so it could soon be helping other patients like get young, get back on their feet again. that's all from us throughout the lots is off. next, with business scenarios, including modern germany's economy, engine recession, don't forget, you can always get more news at our website that b, w dot com and follow up on instagram and twitter handle that. if i pick up your newest, i'm number such as far as the package for watching the, the, the, the, the is, it is someplace our into the more people than ever on the move world wide in such a base in life. but it tries to get it in cardboard, that's the, that's the image and find out about bailey story. info,

migraines, interest the global economy. g w, business b on here's a closer look out the project to analyze the flight for market dominance. with dw business beyond the roof, economic winter lines, germany in recession revised figures for the 1st quarter. so jim and gdc shrank. cast the most i full, i think at the end of last year. what last, how long the recession could last? a more economic problems for south africans to is the country's central bank hikes . interest rates pulled up 10 times in

a row. is the state of your business summer box in bell, and welcome to the program. germany is in recession revised figures for the 1st quarter to show them an economy shrank by no point 3 percent down for as another quote uh floating d d v at the end of last year, making the criteria for a technical recession. the original figure out for key wants just to the german economy, stagnation, but new data shows that wasn't the case. the big reason seems to be the failure of private consumption to support the economy and the face of high inflation rates. a mild winter meant of germany avoid, but could have been an even day for recession. for let's discuss this way of veronica graham, who is on the german council is economic ex best which advisors to them and governments thanks a lot for joining us on data of the business. so why in the end wasn't jamming able to avoid her session? yeah, you numbers for the 1st quarter of 23,

uh, worse than expected. um high prices in particular wait on the drum and the economy, the mind and in particular, consumption of consumption decline. and of all the, i'm moving away from the supply constraints to what uh, demand constraints, which is of course due to the high prices and also due to the restrictive monetary policy, which is important to bring inflation down. inflation is still highest. so we are in a very challenging situation now, where we have a stick nation and at the same time, high inflation. yeah, indeed. how does the government react to this revised figure? does anything change? now that we know that the country was actually in a technical recession in the 1st quarter to yeah, that a lot of discussions, of course the numbers just came out. so it is not yet unclear how is the government in particular, we react, i think it's very important to increase supply,

supply of energy to bring and place them down. i think also it is important that of a repeating central bank of the managers. soft lending a without provoking a 2 strong recession by 2 strict moment monetary policy, but at the same time, not losing too early, which is of course, um, a challenge in this situation. because if inflation comes back then the situation won't be even worse. so can we try and predict how long term is likely to stay in this recession? because the previous forecast is suggested that overall this year germany was going to be seeing gross. but is that still the case? yeah, the latest evaluation of business in this is for example of the business climate. the index of the east to institute suggest that the economic mode is not brightening up at any time soon. so the index fails from 91

points in may of 290. 1 points in may from 93 points in april. so i think we will have a periods of stagnation and it's very important to accelerate investments to initiate investment incentives of for industry in energy generation capacity and all these things that will contribute to bringing prices down in the bro. all ok, veronica graham is always interesting. to hear what you say on these things, let's thank you so much for all the figuring from the gym and council of economic expense. thank you. now that news of germany slipping into recession comes on the same day as a new report shows that the country's businesses are getting less innovative. according to germany's bass. with his mind foundation, nearly 40 percent of german companies are choosing not to invest in innovation.

that's up from a little over a quote to 3 years now to discuss the best of men's foundations findings further, i'd like to speak to on monday garcia schmidt here's from the foundation. thanks a lot for joining us on the to the business. so why it's tim and companies in of i think so i'm driven in, companies are innovating, but they all the innovating, less and less and fewer companies are innovating. so we did a study uh now and we did it for us. so the 3 years ago in 2019 and we see that the proportion of, of companies that are not actively looking for innovations is constantly growing. so it has grown only this past 3 years from $27.00 to almost 40 percent off of the the,

the whole landscape of enterprises. rephrase that then not looking to innovate makes it seem like an active decision on behalf of companies. is it the case of that choosing not to be and if it's, if the, whatever, the business reasons or i think there are different reasons for that. so we, for example, we ask the, the companies and how they did it. so what they did with their innovation activities during the corona pandemic. so we think that's always see what i was telling you that the current up in that make is frushell one and a one driver of this thing off of this. so we see that a 42 percent of the companies that already had been more cautious the with regard to innovation that they did during the corona pandemic, they postpone, or they completely cancel their innovation activities. so they,

the already planned innovation activities. and even now, uh, we see also studies from, from other institutes like the e w, which show that these companies don't really come back to the status they had before corona and we think so. corona as a driver for sure. but we think that it's more so small and medium sized enterprises which happen in earlier times innovative. they are going out of the, of the innovation a run since. so there is a couple of reasons for that. so, so it's, it's getting more and more of a so complicated to you to, to, i think these findings are going to really surprise people because it's been taken off for quite a while that you have any needs to innovate more if it's gonna keep up with

investors in asia or in the united states to define that the, the trend is going on the other direction. i mean, what does that mean for the to have an economy going forward? so, so we think that that is really a danger for, for german economy and thoughtful the chip society if you, if you want to. so we see also with our study, but for example, highly innovative companies make a more dynamic contribution to the labor market. so a highly rated companies they for example have even during. ready debbie, they had a record is an average increase in employees twice as high as the average for all company. so. so there's and that's really dangerous for prosperity and in germany. and we see also with our studies. so we have all developed economies. we have the, the, the big challenge of transition to about sustainability. and we see that also the,

the highly in way to a firms. they are investing more in sustainability and in the search for us. they bill it to your sustainable solution on the day that we learned that tony slipped into our set recession, this is a surprising, especially troubling news for the german economy. but i'm under garcia schmidt from that has been stiff. dung, thank you so much for joining us. on the date of the business. so now let's look at some of the other business stories that are making the news. the percentage of women on supervisory boards is rising in germany, according to a new study, women make up 38 percent of board members of the 40 companies listed in the countries. bluetooth index tax that's almost 2 percentage points more than a year ago from says available nuclear capacity is set to increase ahead of next winter. 6. offline reactors will return to operation sooner than expected. french government took several rafters offline last year for checks and repass fronts. is the largest exporter of nuclear power. the u. antibodies have successfully re

flow to the large container ship. there was briefly stranded in the suez canal, an engine malfunction at stump, c $119.00 meet along carry a from hong kong. 12 percent of the us try to push this through with the suez canal . the shortest shipping rates between your foundation of south african reserve bank has raised interest rates for the 10th time in a row. the hoff percentage point hike is part of a long battle with inflation is currently still good. around 7 percent. the price rises piling extra pressure on south africans who are stuck in an era of economic challenges. the grocery shopping is a simple task, but it's increasingly hard for many in south africa, inflation is running its 6.8 percent, and the price increase for food is much higher. the south african ran, pays for fewer and fewer goods for my own. this is did you somebody and as well as

i'm speaking and now it's costing as well, like, never before. so my towards as what it is to be somebody and brand as well. which means like things that are too expensive, in addition to high inflation, constant power outages, plague the country. this makes business difficult for large companies and the many people who are self employed economy school kids who mano fears that the constant rise of interest rates, is causing people to slip into a debt trap. july end of the spectrum already and appraise you having to deal with rising inflation in comes not rising as much food inflation that come to port majority of the cost good. they going to show the patient in the impoverished district of alexandra social entrepreneur miles could becca runs a store selling basic food supplies. those who don't have

a lot come here to buy things in small quantities. there are more and more people who fit that description is what we see with the extension of the war. and ukraine is that things like the food costs went up drastically. things like cooking oil, which is one of our top salads explore example. so those are the things that people just desperately need on a daily basis to survive high inflation interest rates that continue to rise a weak economy. for many people in south africa, there is currently little prospect of a better life. and just to remind of the top business story that we all following for you this, our gemini is in recession advice, vegas for the 1st quarter. so the german economy trying to find not to point 3 percent for the 2nd consecutive negative quote to the weakness is partially due to low consumers spending the face on infection. so for me, in the business team here and balance, i'm all to had to do,

we dot com slash business. of course the to we can use each of the ready for an underground upgrade. big data and quick instruction side of the vin mom's belt tunnel. this 18 kilometer mega project will connect germany to denver for a whopping 8000000000 euros. a real deep sea novel made in germany species populate our planet. most of them were here long before us. and amazing diversity of species still exist on the removal coast of the

index. they are calling to preserve this habitat in 45 minutes on d. w. as he's got any issues or thoughts say, well, the building healthy or more sustainable economies requires a whole lot of technological innovation on both a small and a lot.