keep scrolling in, analysts believe this is a difficult change to make one and match the time that the global shift is needed in house ex plaza manufacturer to see precious down water that it is a shift. but many farmers who live in the areas around these factories, desperately waiting on you're watching the don't use live from building up next. robots has the business news for you. um, well i was like, oh, i'll be back with one use in 45 minutes. thanks for watching by the come have a few, she's counting the highlights you every week in your inbox. subscribe. now you become a criminal. franklin, a already told me about

sugars paralyze between your societies. computers and governments that go crazy for your data. explain how these technologies work. so that's how they can also watch it. now. the tech a is official, inflation rate drops to 40 percent. but after a free election, free gas give away as doubts on the reliability of the figures. the stock number tell the true story. saudi arabia's announced its biggest flow production caught in

yes, as the effect plus cartels struggling through this. the fall in price is mid sized companies was seen as the backbone of the german economy. but now a survey suggests high energy prices to be a rock of faith, especially during vac competitive edge. this is due to be a business on robots invalid and welcome to the program to case it states 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. i had last months election appears to have played a pause in the drop in inflation, which pete, it's nearly 86 percent and i'm sorry for the last year of the independent, the economist have challenged the official vegas tech is inflation research group says when inflation stands between a $105.00 and a 109 percent, depending on whether or not the free gas offer is taken into account. let's discuss the economic situation in to k, particularly given present the other ones re election with ad, all yelton,

professor of international economics that constance university of applied sciences . thanks so much for being with us. so inflation is following is just it below 40 percent. so does that mean that other ones? oh no. if adults approach to bringing down inflation is actually working certainly not certainly not what we see is indeed that inflation has declined compare to what we have seen in april from 44 to the wrong. 39 percent. however, the main reason for this reduction in inflation, it has be the so called 0 graph prices. we have elections last month and president or the one decided to subsidize household gases. and she's the 50 go entities in turkey, just in top of it is a subsidized prize as a drop in gas prices. and that's the main reason for this low inflation rate. but i need to be very clear here. this number does not reflect the typical economic

situation. corporate citizens are facing not only last month, but for the last 2 years. so there's free gas policies that have just a free election give away, then it's not something that can be kept so long to or definitely not the pre grass was it was a present in an election related policy. and at the same time, we need to basically be very clear to char keys. public deficit has been increasing over the last 2 years. for this guy did you come on a interest rate policy? so turnkey basically has a positive growth rate for the whole economy. it's one of the pos is growing economies, but this growth, he's driven by a very low interest rates at high the private and also public deb. but this cannot, this is not the sustainable policies. and therefore, as the, the,

the space for maneuver in turkey is very small and that, that's the reason i think why the government also has been appointing a new people with a different credibility with respect to come on the policy. yeah, there are new people in place and the noise that they've been been getting from them on this sort of economic approach, this sort of thing that the investors would've wanted to here. think about, you know, focusing on inflation and at least hinting of the idea of a, a change of direction. but is there actually likely to be one? yeah, i mean, the verification check has been pointed to a finance minister. he was already finance minister before the misguided interest rate policy started, and he made a very remarkable statement when he came to power i over the weekend, he said, we will return to a orthodox policy based on the rational grounds. meaning he obviously

criticized. also the policy policy and is your on the indicate. the big question is, in how far the new finance minister jointly with the central bank can really implement an alternate policy. because we have seen in the past that the preferences of the president of turkey has been always having high growth rate. what would the price is for the inflation? and the exchange rate to the raw has been depreciating heavily. so the next weeks already we'll decide on and how far we can trust on what the fuck new finance minister had declared so far. i'm just gonna be interesting to see why the tech economy goes under a renewed president, added want to add to allow the auction of professor of international economics that comes down to the university of of fi sciences. thank you so much for joining us again on your business. now, low price is searched on monday, following a surprise decision from a tech plus saudi arabia or announced

a voluntary cuts to its production. and that's on top of group wide cuts previously announced. market consent not least, over whose benefits. according to this i would be largely pub, 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. a 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, oh pick plus, had already committed to earlier this year with other members of the or the co tell us celebrating, are we done? can the king demo. so the idea for the next, the bonus or the likes of the voluntary cuts that they had showed the see that showed you how important the market stability and how important bringing

to back the investments into the city, to this important sector. 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 nova 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 crippled 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 and transport association, this actually expects to move back into the black with prophets focused thoughtfulness. 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. but making domestic production unprofitable, the aim is to allow ukrainian grain to reach markets like africa rather than stay in your hands depressed prices. take care is nick, a stock index close to the 33 year high on monday invest a sense and that was based by a surgeon's docs in the us at the end of last week. and also request employment

data for may the nick a last finished above 32000 points in 1990 just before japan's bubble economy. first triggering decades of economic. my legs now is gemini losing its edge as a place to do business. while a recent study suggests 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 one 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 before 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. this is jim's local seat. we have to make sure that the structural components which we manufacture here actually remain here and it wouldn't make no sense to have all the pods manufactured in china now in. yeah, that we need here 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 in 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 of the not many alternative locations. then not many countries were able to compete with products made in germany, but 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, it 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. and the so from the end of business team here and balance them all ahead of us at the da. com slash. so next time the,

when the house buyer see becomes the house in the sea, when rising ocean levels trenton, coastline billing, what billing deal to waterfront is it fair? electricals the climate change requires new thinking is living on water and the future. floating cities close up. next on dw, the harvesters are in my grandson, the in everything you enjoy eating at home, but your family was harvested by people and a more be exploited migrations. an issue that divides europeans like no other. what's at stake in this debate?

the future is being determined now. your revealed part one in our series in 45 minutes on dw. we've got some hot tips for your bucket list. the magic corner chair hotspot, chair, and some great culture of the board has to boot w travels off we go, the climate change is continuing. it said fonts, sea levels are sent to rice by the how can we respond to the need space space for what.