scan, so that that continues, i call up on a p or sees leadership to, to really do the right things to rein in that kind of a conduct because i think the accidents can happen and that could cause thing to spiral out of control. so phone, china is defending it's tense of the country's leaders have also stated that a full blown conflict with the us would be a quote unbearable disaster that seniors update businesses dropped off is next by the have to say there's to us the

that's why listen to their stories, the reporter, every weekend on d w, the interest, the global economy dw business be here's a closer look out the project. to analyze the flight for market dominance. with dw business beyond the decades, official inflation rate drops to 40 percent. but after a free election, free gas give away on doubts on says with the reliability of the figures. does that number tell the true story? saudi arabia's announced its biggest flow for that single justin. yes. as the

artifact plus console struggles for this, a fall in price is mid sized companies are what stand as the backbone of the german economy. but now a survey suggests high energy prices and bureaucracy spending back competitive edge . this is due to be a business on robots in berlin. welcome to the program. jackie's estate, statistics agencies, as inflation is full and below 40 percent here on. yeah, for the 1st time, in 16 months, a temporary off the of free gas for households that have last month's election appears to have played a pause in the drop in inflation, which piqued it's nearly 86 percent and oxide last year. oh, the independent, the economist have challenged the official vegas tech has inflation research group says, how do an inflation stands between a $105.00 and a 109 percent? depending on whether or not the free gas offer is taken into account.

oh so you have some problems base the sound on that interview so we'll move on for now. anyway, oil prices have searched on monday, following a surprise decision from opec plus the saudi arabia announced

a voluntary cuts to it's production. and that's on top of group slide codes previously announced market. so concerned not least of who is benefiting. i would have to go to this, i would d lollipop, which is a 1000000 that is of reduction for the start that starts to do 1st of july. or did i see a saw the lollipop, and one that lease a bit or taste on oil markets and global politics that saudi arabia voluntarily cuts its old production from 10 to 9000000 barrels a day in calling the icing on the cake. the cake being drastic cuts that old pig plus had already committed to earlier this year with other members of the older co tell us celebrating are we done? can the, the king demo. so the idea for the ex uh, the bonus or the x, the voluntary cuts that they had showed the see that showed you how

important the market stability and how important bringing back the investments into the sip to this important sector. the market stability, you could call it price stability, or simply a price hike, less oil to satisfy. global demand means more bucks per barrel. a lot more money for producers. and that includes some members, said russia, deputy prime minister alex on the notebook was at the old pick, plus meeting, applauding. saudi arabia's commitment as well as the blocks extension of previous cuts until the end of 2024. for russia high, a low price is over lifeline. the country's economy being tripled by sanctions. oh, but it's when you train western powers, now it's use opec plus of siding with russia and the ongoing conflict. meanwhile, investors hope that prices will drop again, like they did in april despite the cartels actions. now let's take

a look at some of the other global business stories that i'm making. the news. the airlines will fly on this 4400000000 passengers this year. that's close to the 2019 record as the industry bounces back from the pandemic. according to the international transport association, this actually expects to move back into the black with profits forecasts to reach fullness. 10000000000 dollars this year during the pub, demik. yeah, line industry lost almost a 140000000000 ukrainian grain look set to stay banned in 5 eastern european countries until mid september. as, according to the european commission draft, the bands were put in place a month ago after those countries complains. ukrainian exports for making domestic production unprofitable. the aim is to allow ukrainian grain to reach markets like africa rather than stay in your house depressed prices. and take care is nick, a stock index close to the 33 year high on monday. the rest of the sentiment was

based by a surgeon's docs in the us at the end of last week, and also robust employment data for may the nick a last finished above 32000 points in 1990 just before japan's bubble economy, 1st triggering decades of economic my legs now is germany losing its edge as a place to do business. while a recent study suggest the country has fallen behind other developed nations with a shortage of skilled workers and high energy costs all proving decisive factors. indeed, many midsize german companies, the countries famous mental stand, say that starting to look elsewhere. this boundary in western germany is a classic mid sized companies. it casts metal parts for mechanical engineering, wind turbines, rolling mills, and the mining industry. the steel is melted in electric furnaces, they need a lot of electricity around 55 gigawatt hours per year. that's as much as

a small city and the rising prices are a problem. we'll see mostly before the war in ukraine. we used to pay for 24500000 euros for electricity annually. then in 2022, due to the russian invasion, electricity prices rose sharply. for the same amount of electricity, we suddenly had to pay 15 to 60000000 euros or the company has not received any government supports. one possible solution would be to relocate the entire production to another country. but that is not an option for the foundry manager. many of his employees are also neighbors to jim's local seat, and we have to make sure that the structural components which we manufacture here actually remain here. it would make no sense to have all the pods manufactured in

china now in. yeah, that we need to be in germany for the transition to clean energy or the next 10 to 12 years august. 3rd, competitors from all over the world are catching up in other countries. electricity is cheaper. the workforce is younger and taxes are lower than in germany. for companies like the simple camp foundry, it's getting harder to stay competitive. in a recent comparison of 21 industrialized countries, the us, canada, and sweden were the most attractive for businesses. germany came in, 18th, in italy, brought up the rear. germany used to be very, very attractive for businesses because they went up many alternative locations. bank, then not many countries were able to compete with products made in germany. lemme just not on the same level. perhaps our country rested on us laurels for too long. what has happened in the meantime is that other countries have become extremely

competitive. among those $21.00 countries, germany has the highest taxes, high labor costs. bureaucracy is a big problem, as are rising energy prices, only in infrastructure and financing is the country still leading. the business owners are demanding that politicians do something to tackle these problems. please, please talk to us because we know how to handle the crisis. we know how to solve problems. the message from the survey is clear. germany risk spalding behind other countries unless it take steps to become more competitive. as a reminder of the top story that we're following for you, this our 2nd stage statistics agencies as inflation as phone and below 40 percent year on year. the 1st time in 16 months, a temporary off of free gas, but households ahead of last month election appears to play the costs in each alternative placement. however, independent economists do claims the truth,

inflation rates essentially much higher. and so from man, if there's a team here and by then if you want more, you can have the ability to read up. com slash business. we're also on the data, we can use youtube channel, of course, plenty of other stuff on and creating a business special from last week where we talk even more about the current economic situation in to can you files us on facebook as well as data retail business and for me, in the business team this time around the s o c next time taking the,

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the, the energy everybody wants say, everyone needs it just to make it sustainable, please. changing to renewable energy sources is feasible. so why isn't it happening? to borrow today on dw

the i'm tired of the 34 years. i was a metal i didn't know what has the best on the never ending. story of asbestos starts june 21st on d w. the, we have all the technology we need for the energy revolution. moving away from fossil fuels is possible but what use a lot food at pods,