for you this, our residents and the ukrainian capital key of were once again forced to take shelter in subway stations. after air raid alerts sounded, ukraine's military says it shut down more than 30 objects in the latest round of rush and strikes. targeting the key of regional overnight terry martin, i'll be back at the top of the next hour with more news. meanwhile, you'll find lots on our, on our website at vw dot com. thanks for watching the i sorry, 7. 16 time to come and see more people than ever on the move worldwide in such an one. great timing is very hard to say very difficult to find out about time on

student info. my grands profiteering instead of responsive the global business of asbestos. this is not legitimate business, the people that are in don't deserve to be treated with any kind of courtesy by the governments of the world. the never ending story of asbestos starts june 21st on d, w here a zone insights and drops with lowest level since russia invited ukraine. but consumers are still paying a far more for basic goods. and they were a year ago. we all got the latest figures enough to persuade policy makers to hold off on further interest rate hikes is also coming up india multi plans to

reduce terrace on solar panel and poured out some mastic companies. struggle to meet demand and the nuclear option, how poland is embracing atomic energy as part of it to move away from fossil fuels . this is the w business i paid for, i guess, and thanks for joining me. inflation in the euro zone have full and but prices are still more than 6 percent higher than they were a year ago. the licensed figures for may, so inflation came down. home was one percentage point from april still well above the target of 2.9 percent for 2020, for the price of food recorded, and especially big rise. while the increase in the costs of fuel was much more modest, economists say it could be months before consumers experience any meaningful reduction in their bills. to talk more about this, i'm going to advise all star by senior fellow at google

a european think time that specializes in economics. professor diverse, the headline on this is that inflation is down to as low as level. in fact, since russia innovated ukraine, but consumers will still paying 12 percent more for their food than they were a year ago. why is that figure so strongly? high the global foot markets are relatively tight. it was box a few what, why higher energy prices. also, there were some limitations seen in ukraine and russian exports related to the for so that was a messy, the increase in food prices and deeds continue to burst east on the quantity you know, and then to price out in the forwarding. and it's helping also your customers. i want to ask you more about those following energy prices. so do you think this is a sign that europe's efforts to win itself all russian energy have worked? and i think the answer is yes. energy prices now are much

lower than they've ever before. to start to do for the you impose a price gap on russian oil. so the russian revenues from selling oil even lower now. and you know, at the same time this splitting single successful in keeping russian supply and global markets. so there is no sort shortage of all from energy even though that countries from time to time cut their production. and they also have to say that the monthly dot reaction, especially for gas, was a very important factor, which also contributes a little over guess, processing the heat, okay. even, you know, many people we looking out this and wondering, does this mean that the european central bank might hold off on raising interest rates? what do you think? i seem to utilize your center meant to continue to increase interest rates. partly

because, according play shown, which is a measure of inflation beach excludes what a tie an engine fruit for prizes steel, there ought to be high at 5.3 percent. it's a little bit lower than last miles, but still the above do you guys tend to bank super some target? and at the same time domain, you don't get sense or bank represents rate. you still just sleep in a quarter percent, so much lower than the according station and also lower than expected inflation. so i think you will see quite the number of interest rate increases from the cd about target of just over 2 percent for next year. how feasible do you think it is that will get there for inflation? i mean, this year, so $22023.00 police. how are we likely to get to to get higher? now the main question,

once that happened in 2024 and the particular video or the kind of default link energy prices, you have now the opposite effect. then in fact, you've had it in 2022 because in 2022 high energy price increases, push the over at inflation of the big question, how much to forwarding an enterprise sees you would bring down inflation. but my fear is that the impact would be a lot to lead me did. partly because 0 pass central bank is still not really tied. i mean a suite c on a quote to a person that was introduced to you kind of people, you know, people steal, feel that the v choose of and prices are increasing much faster than inflation also . but the see now is a growing vh pressure, liberty, india, and send and other negotiators, the street grease beach grows. so i seen that reaching the, i mean, low inflation, 2024 i think is you will not be easy. so i expect

a continued rate increases from the euro cost central back for a number of times. all right, so it's our senior fellow at frugal. thank you very much. thank you. india is multi plan to have in port tax on solar panels of demand for green energy sources. increases solar power currently makes of over half of the countries and renewable energy i plus foot operators housing, experiencing a sort full in the supply of domestic components in 2021, india and forces more than 3000000000 dollars worth of solar panels. the overwhelming majority of which came from china for more in this speaking cross night cdw correspond entire carts, k and delhi, tara who stands to benefit most from this plan. or what i mean uh these plans uh seem to be designed to help in sort of companies who are being dealing with the salters of these panels in solar cells. but yes,

they will end up benefiting chinese exposures. largely because these measures, in any case in the 1st place, they were taken to discourage chinese imports. now there are reports that suggest that to india in voltage, solar panels with $3000000000.00 in $22122.00, and more than 90 percent of it came from china. so once these measures are back in place and import, once again the big so been chinese export as us. we lost the benefit from this solar panels continue to be high in demand in india. and domestic manufacturing has just not been able to catch up with that demand. yeah, a lot question of domestic manufacturing. do you think this? it says fine then that india is aimed to become more self sufficient in renewables hasn't worked. yeah, yeah, that does seem to be the case and then sort of manufacturers have been asking for these kind of tax breaks for months now because domestic manufacturing has just not

been able to keep up with that in mind. there are some reports that suggest that in data target to install 100 gigawatts of solar energy last year. but i saw a report that was the claim that what did you happen to achieve was only $63.00 gigawatts. so there's a big shortage. the prices of sort of banners of cents have gone up exponentially since these taxes were imposed. uh, and which further linked to the slight and domestic manufacturing. so yes, that, that's set for alliance program. it has indeed slowed down, which has probably linked to these steps being contemplated. overall, how far would you say india has come in switching to renewables, especially compared to other countries as well. i think that progress has been good and you have recently announced a target of 500. you go what sofa installed renewable energy by 2030. people say it's an ambitious target, but then that reports that india is already a default position globally in terms of total renewable power capacity edition of

the non fossil fuel to capacity here, is believe to be somewhere around $180.00 gigawatts, which is about 43 percent of the countries total capacity that's, that's a good number. that was indiana in the good stead. and especially given the fact that it's, it's a country of the size that we're talking about, which has had a long historical and a very vast, comprehensive dependence on good. yep. so, i mean, the, the reports so far seem to be good. good. okay. if i take you there, so cards, okay. in delhi, thank you very much. i or is deposed on where fossil fuel is still a kind of for the vast majority of the countries energy mix. the government wants to change stuff is embarking on a major investment in nuclear energy construction on to lot on the power plants is due to begin in the coming years. our report and logic reviews got travel to the country to find that war. poland is transitioning from coal energy to nuclear power

. the fossil fuel accounts for around 70 percent of poland, energy production, and a huge chunk of the country's carbon emissions to nuclear power plants are planned to help change that. and then get to get back to what was by 201475 percent of our energy mix. will consist of the carbonized sources and stuff around the house of it . so it just, it will come from renewable sources and that'll get to the quarter from nuclear and our biggest, always registrations profoundly. the remaining 25 percent will come from gas and calls guys will ease of a loss of beach at the baltic. sea is where construction for the 2 large nuclear power plants will begin in 2026. the 1st core block will be connected to the grid in 2034. but there is resistance from anti nuclear energy activists who want to block the construction this is what told me in my

opinion, this location is a least suitable for building a nuclear power plant. because of nature, sort of generally, i'm not against building nuclear power plants use um, but this site is extremely poorly chosen. a new size boxes. you should have a problem just 30 kilometers away live these ruins from the eighty's out of sight were poland. first nuclear power plant was originally planned. the project was discontinued after the term noble disaster. but there's been a major shift. some 86 percent of polls are now in favor of nuclear power due to the environmental concerns and rising electricity costs to super we should have nuclear power plants. it's the cleanest source of energy except for the sun. when i look at them, right, i mean the favor of building nuclear power plants in poland. that goes, it's a good transition of solution to renewable and set you up to

a 1000 on your. unfortunately, it's a necessity to have nuclear energy this and it's not just the 2 nuclear power plants planned polish oil refinery. orlan is planning to build 7 additional mini reactors. 12 volts isn't that? so there's growing interest from being joshua sector, which also needs a stable emissions free power supply around here with small, no jewelry reactors out there. capital. you're all the things on there. and that will. there's a simple reason for the over whelming support for nuclear power in poland. it's the only chance to transition quickly from fossil fuels that rest of our shows. thank you so much for watching from where you can always check, had dw dot com slash business. we're on the deed of the news youtube channel as well. we have a whole host of videos for you to choose from there, from me and the entire business team here in berlin. it's fine. take the

conflict with jim sebastian, february almost 5 months of virtual stalemate on the battlefields of ukraine. and yet europe in america are clear that you have to get to the fighter aircraft alone range weapon systems. and most folks are going to be seen from brussels. is the one i guess the new sho, president video to cancel conflict with to the point. clear positions, international perspectives, confusion over the board and ukraine. what is the current strategy? what happened to the counter offensive visit underway? all the reasons on the tax on russian law already part of it. these other questions

we off today on to the 0, dw, we've got some hot tips for your bucket list. magic corner check. hot spot person and some great cultural memorials to w travel off we go the every know most 5 months of virtual style made on the battlefields of ukraine. and yet, europe and america are clear that the f one gets a fight to aircraft and long range weapon systems, ones. so what's the ground phone seen from brussels is the one i guess there's show me, show president of the european council. this is very clear that you do have we seen .