success in the world of english and football. now they train their sites or formula one, racing investing in the f one team lp. the 2 stars are part of an investment group that bought about one 4th chair in lp and raising it. it's too young drivers. last of all season reynolds and the committee payments and sold their investment in club wrecks and pay off with a dramatic championship in the 5th tier of the english lee. you're up to date with the w news. steven beers leads up next to the, the, the business news. i'll see you tomorrow. the have to say there's to us, the,

that's why listen to their stories. the reporter, every weekend on d. w. images. so many pushed us turn out and it was time to try and keep the story faces more plus the way from just one week. how much was going to really get we still have time to act. i'm going to like this. the financial markets react after the aborted power grab by mercenaries and russia. gas prices rising and the ruble falling after moscow's private military force. wagner briefly takes aim at russia's army. also in our show, more german companies are feeling the pinch of

a shortage and skilled workers will talk to an expert about just how damaging that could be for your of the largest economy. hello, welcome to our show. i'm seeing there's a in berlin of the russian rouble dropped to as low as value against a dollar in nearly 15 months as investors responded to revolt. but russia's mercenary group wagner over the weekend. gas prices also briefly rose before settling later on monday. mercenaries led by jenny precaution, stuff stopped a rapid advance on moscow on sunday. bluff questions about present. it's not important grip on power. the russian currency is down half percent weekend, but it's last about half its value since russia's invasion of ukraine did us know or is founder and president of the global solutions initiative. he joins me for more dinners. thanks for coming on the show. we've seen the rouble fall against the dollar. we've seen a gas prices rise. how would you describe this market reaction that we're seeing put it into perspective for us, please. as i think the market reaction is very partial

and has not considered adequately all the risks that arise from the current situation. there is turmoil in russia. russia is not one of the top 10, most importantly cannot make powers in the world anymore. but it is a major energy producer and the major supplier of grain. and if something happens, the then obviously green price has land, energy prices will change. but that is not by any means the full scope of the challenge that we face. because we recently had invalid and the global solution summit where we looked at the big global problems, climate change, bio diversity, laws, financial instability, poverty. these are global problems that require a rule based international order in order to solve them. and if we

do not feel that we are approaching such an order because of this conflict, then i think the problems in other areas are likely to be mess. is that something that markets, right? and into account? what could this mean for russia's already difficult task of staying afloat in the sections economy? we know that there was, loves speculation, beginning that these sections would help sink this economy faster is managed to hang on. this has to be another troubling development. is this an extremely troubling development because of the increased uncertainty? we don't know how strong fulton's grasp on power is. we don't know in which direction the future or of russia is headed. and therefore, it's really important for us to understand what this could mean for investments more broadly in terms of economic activity and countries

that are either geographically close throughout, show or have for economic relations. whether it's a huge amount of uncertainty is brought into the fixture, and that is bad for economies because it reduces investments. and so, puts people in a position of waiting and seeing rather than acting, which is what we need now in recovering from the cold has been done. they sent for our eggs trying to bring the ukraine conflicts to um, negotiated conclusion, which ultimately it has to have is something right away from the level before that's denise, nor president of the global solutions initiative. thank you very much. thank you. and now to some of the other global business stories making headlines,

opec officials expect global energy demands rise to 110000000 barrels per day by 2045. that news coming during an energy conference in kuala lumpur, malaysia. now, despite other energy sources such as gas and hydrogen, expanding oil will remain, quote, eras irreplaceable for the foreseeable future. going to ok, the german business morale worse than for the 2nd consecutive month in june, mostly on account of weakness in the manufacturing sector. and that's according to a survey by the countries we're now evo institute. analysts say that it shows that you have the largest economy faces an uphill battle to shake off a session. for lack of skilled workers continues to hamper germany's economic growth. that's according to the state own k, f, w bank. a for in 10 businesses are affected by labor shortages. the bank expects the situation to worse than if the economic recovery gains momentum. meanwhile, government bodies calling for germany to hike its minimum wage by 82 cents to 12

year olds and $0.82 by 2025. marcell furniture is present of the german institute for economic research more so thanks for coming on the show up this work or shortage in germany is not the radical anymore. it's cutting into companies bottom lines. what does that mean for the german economy? the shortage of the work is which we have 2000000 open jobs out of the employment of 40. 5000000 is a massive problem for many companies as fedex, skilled workers from highly skilled engineers to work is in the health care sector, and it automatically is not just meet you about growth. it's also the issue about the question that companies can buy, and many companies come find the i t program is they come find the, the skills workers they need to stay competitive in the global economy. so it's be the next essential threats to many companies, such as a just this past week in a district level official was elected from the far right alternative for germany

party in the state of to arrange it. now, for those of you may not be familiar with this, this is a 1st for this party in germany, and it's caused a lot of hand wringing across germany most. so you've said that this right were turned in. parts of germany could have an effect on this work or shortage. can you explain that to us? this is successful. economy needs. um, what uh richard, florida and economy. its called 3 tvs, technology, talents, and tolerance. and uh, for the region to do well, it needs to have skipped work as a dean said young worker. so i'm motivated to want to stay in that beach and we'll have a clear perspective. and what we see now studies is that that was regions where you have less tolerance, particularly young people move away, and people don't want to move into the regions. and, and this is this, the, the, the demographics is the single most explain the strongest explanation. why the

right thing a d is doing very well, the regions where young people are leaving on not doing well economically. and that, that again has to do with the also with a tolerance that exists and that beach. we've also seen that these regions are seeing a lot more investment in recent years. um a lot more announce investment a lot more of factories coming to the regions, production halls, things like that. could that not help by adding a kind of a stable job picture for region that might then help the political picture? that's the crucial challenge for both the federal government and the local governments is to create new opportunities and regions that have structural disadvantages where people have been leaving. and because regions that, that don't have a very strong infrastructure, whether it's more remotes, and so it's really about creating opportunities stand. but of course, governments can do it only as much, right? i mean, they can provide subsidies for companies to move to certain regions. but that alone

does not do the trick. you still need to have that openness tolerance develops a groups of what's the address groups within the reach and for those subsidies to work. right. much more self. roger as president of the german is to for economic research. thank you. thank you. i in the past decade has seen a retail revolution with online companies booming compared to brick and mortar shots. but the swarm of package deliveries brings its own complications as subsidies greeting their teeth like barcelona is now putting a tax on delivery services. every day, thousands of career drivers navigate their way through the streets of barcelona. keeping up with deliveries, schedules means constant time pressure. and traffic regulations sometimes take a back seat with even disabled parking space is considered fair game

here at city hole. local politicians, one amazon to pay its fair share fucking nichol med nurse. felt that it was under the new one. on monday i left you the, there's the online companies don't pay local taxes, but retailers, do. they create jobs in the area? the online giants are happy to come here and use public space and disappear again. there's your 150, that makes fees, and that space is a very scarce concept and bustle know now only 5 hands for taxes from windham, see what it is possible for me to go get one. be in discussion of to the online traders with a non your turnover of at least $1000000.00 euros now have to pay $1.00 and a quarter percent of their revenue to the city market leader amazon under range of other logistics firms are fighting the move you're starting out of the face, a guiding you to make online order is more expensive in the price alone of them elsewhere. what's the next step may be turning the wifi in the city to prevent people being able to go shopping on the internet. and when i called brad point, definitely the local authorities are striving to support local retailers here and

this and in the u district. you, bailey know that the internet existed. a lot of residents do their shopping and the traditional way on foot. businesses that have been here for generations are among those complaining about online retail via choose the new competition of avoiding taxes and adding to air pollution. but most of the others can send me notice, eh, but, but i'm diminished about 15 minutes of the concept because of everything being reachable from home on foot in 15 minutes means far better sustainability. at the same time, we tell stories, invoke social contacts, identify shop owners, and we give people a sense of community and what's going on. the, the, especially on the new tax does not apply where customers collect the order themselves at one of the 1000 or so pickup points. amazon has across the city, the city government wants to see significantly more of them. amazon and other

companies affected have already challenged the tax. many other cities are keeping a close eye on developments after roll. it wouldn't be the 1st time the advice alone has been a trend setter. and finally monday, march the beginning of the hush, the annual muslim pilgrimage to mecca and shop centers in the city are seeing an uptick and business. a larger number of pilgrims is arriving for the annual hodge compared to when coping 19 restrictions were in existence. well, this year, as well as holy site, is expected to host more than 2000000 worshippers from 160 countries. a figure that could break attendance records. this is a reminder of the top business. the way we're following for the russian rouble dropped to its lowest value against the dollar in nearly 15 months, as investors responded to an aborted revolt or the private wagner group of mercenaries. that's our show to check us out online for more of these headlines and

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