specialist, it's kim jones, it might be an indoor, right. warnings. the site you know, don't, don't think about trying to same weapon see crime. otherwise, you know, we might have to solve thinking about deepening. all right, in the tree cooperation with north korea. thank you for that. a james, fred. well, from career risk group. thank to set you up today, so i'll have more. well, here's at the top of the hour. i'm at a see now it has the w a business. it just a month for the day. the what secrets lie behind these discovered new adventures and 360 degrees and explore fascinating world heritage sites dw world heritage 360.

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will be the fastest growing major economy for the foreseeable future. this is dw business i'm of the vina. welcome to the show of russia as hosting 17 african leaders at a russia africa summit in saint petersburg. it's assign moscow once the strength and if economic ties with a continent, according to russia, its trade with african countries last year go to nearly $18000000000.00. it's main partners are all julia egypt, olivia and go lot nigeria. and so don ross as the biggest export to africa, our weapons, the account for 44 percent of exports and don't come with human rights strings attached. moscow is also an important food supplier, especially in green and exchange. it gains access to african raw materials and strategic entry like port bases in libya and so done. all that you can draw up as

a senior lecture and politics and international relations and leads back at university. i asked him, what african nations hope to gain from the summit? well, thank you for having me. um, i think i mentioned uh quite a lots of things to gain. uh, but as i stated previously in my rightful prior to these defaulted under, this would be on easiest related to food insecurity. so i'm sure all weights of the ages with the green do for security on how to solve that green deal will be, uh, it will be on the agenda of secondly, uh, they would also want to get some security assurance ease from russia. incense off on the new security architecture of going forward. so yeah, find a lot of pages because the game but they need to be able to speak with one voice. that's the only way to kind of get anything from you so much. i or yeah,

you mentioned foot security here earlier today for russian president vladimir put in pledge to gift african countries, tens of thousands of tons of green. but at the same time, he's also destroy ukrainian green export facilities that africa relies on it and he's torn up an existing deal. so how concrete and how high are these hopes that there will be a real green deal that emerges from the summit and not just gifts? well, but not for me. i think of gifted is nothing, no for this big to chose all i'm getting going to rely on the, to the needs based charity supplemental grades and then needs to be reassured that this supply would be guaranteed. so gifted is not good enough done. and that's why he said that the needs to be a strategy on how the green, not just what russia also from the train will be assessing the country. so it's not, this is not it myself, you know, like

a whole hour to maintain. so like i can do medium to long term, is another aspect that's playing a big role in the summit of security. the russian, a private military company, wagner has a strong foothold in a few african countries like the central african republic and libya. and there, it doesn't only interfere in these countries of leadership, and it also holds a lot of economic weights. for example, by running a vast mining network to other african nations fuel where you have the influence of this private company hold on the economy in these comfortable countries. yes, absolutely. many other countries, especially in west africa, um uh, various just to call home the road of life, no gun. i use a variable called voice is which i did when he comes to these because they have bought out and didn't know to book, you know, fossil i, country that has very strong ties with what? no group. i do a whole lot spoken previously on on this group is not really a problem and been in west africa. we have a phone interview,

but they do central because of because it said a lot of human rights atrocities i carried on by just bruce they they, they do what we often use. impunity say they did when they had the operations. a very very um i'll saying is area. so yes, i agree that maybe the doesn't in does rejoined uh not confronted, but we do road on one thing that i think should be on the table with the other 2 boys. the, the new security conceptual going forward, which should be devoid of of private miniature companies, including one that was a del, a senior lecture and politics and international relations at leaves beckett university . we're now going to our dw correspondents, funny for char in riga, dw is reporting on russia from rica since the russian government shut down dw is most called bureau funny. we just spoke about what african nations hope to gain

from the summit economically. what about russia? so if you look at the different panels there with 30 of them in the next 2 days, you really 1st would think that this is a purely economic summit in some way where it's about usually about the trade about corporation agreements with regard to development and of course this part of these 2 the summit to but if you zooming and all that a little bit more and also look at the specific time when this somebody takes place, literally just 10 days after ross. yeah. withdrew from the really crucial grain deal with, with ukraine. then of course, it has a very political meaning here for russia, they're basically looking wildly put for friends, for new friends on the african continent. because of course, it's not since yesterday that russia has an interest in having allies in africa. in fact, historically, if, if you look back and countries, for example, like south africa or on going over when it was still at the soviet union. so the

former soviet union, a support of these countries in the liberation movements, historically speaking already, there is a lot of relationship from the past, but now there's a war in ukraine. so for the past one year, of course we have seen russia been increasing the isolated the international agenda . so they are looking to applicants when you african partners. and i think that's really the main goal here for russia. and for us as president, put in to make sure he can walk away from this summit by saying that he will just saying, because he's already of course, are presenting this summit as a success to both the russian domestic audience. but also to know actually that he has moved partners apart from those career for example, but also policy in africa. a w is funding such are in riga and now to some of the other global business stories making news. and european central bank has announced a new 25 basis point re type,

bringing its key interest rates to 3.75 percent the if you begin this journey to tackle high inflation a week ago on wednesday, the u. s. federal reserve also increased interest rates. oil firms including dian shell, and 2 tall energies, reported sliding net profits in the 2nd quarter. oil and gas prices fell in the past 6 months. the development that follows record energy prices after the invasion of ukraine by russia, one of the world's heat energy producers. the international energy agency says global coal consumption at a record high in 2022 and is expected to stay at this level for now. according to the report, the coal consumption grew more than a 3 percent last year, surpassing a 1000000000 tons of such a strong demand from china and india. now some of that, coal goes into powering electric vehicles. in china, for example, for decades,

china has been the biggest market for german car, brand folks button. but recently, local car makers are overtaking folks. i'm is lagging behind in the e v market. now it's changing years folks, side and has brought new, has bought nearly 5 percent of chinese e. v make are expanding. the 2 companies will develop cars together as the start of a german chinese car partnership. if you can be them joining them, that seems to be a fox walgreens plant making a deal with local maker ex, paying to happy turn its chinese fortunes around. the chinese conglomerate b y d has. now what we've taken fox logged in as the top sending brunt tanks to forks, loggins, weakness when it comes to electric caus. a b, y do sold nearly 548000 electric vehicles in the 1st quarter of this year with a nearly 70 percent increase. us manufacturer tests not sold more than 440000 electric cars. in contrast,

fox logging on the managed to south 6300 the electric vehicles for fox wagon. it is becoming increasingly difficult to keep up with electric cos. didn't test price competition is also taking a toll on the german altima to giant. more than 40 manufacturers, including tesla have cut the prices for electric vehicles in china. volkswagen is now attempting to contract this with large investments, but it appears that fox bargain will not do up that easily. the agreement with ex paying indicates that the german car maker is doubling down on the chinese market. earlier this week, the international monetary fund released the global economic outlook warning of slowing growth ahead. but there was one bright spot, india, which is such a growing more than 6 percent this year. that's more than any other major economy. according to the i m. s, the increase in indian domestic investment is key. it also said the growth is set

to continue in the years ahead. i'm joined now by the don't use daily corresponding charo card to k t r. what fueling india's economic success. it was a different expos, have different opinions about it, but the i'm a see you is that the growth is primarily being fueled by domestic investment. there's a lot of capital expenditure that is happening, in fact, in the us and government's data shows that investments rose by almost 9 percent during the january march period, which is also the pete in which the item of has looked at for its assessment. there's a lot of infrastructure spending that is happening and primarily in sectors like roads and re weighs. there's a lot of highways and explicit ways being built. so that seems to be the primary driver of growth at this point of time. money taro. india recently over to china as the world's most populous country. a lot of people are speaking about

a demographic dividend also driving economic success. there. is that an accurate picture? well, that demographic dividend has become more of a challenge now. mary, given the fact that unemployment is, is that really high levels in the country? it's an estimated to be upwards of 7 percent. in fact that a private estimates that's probably supposed to say that could be over 80 percent you with an employment is even higher. it's, it's in double digits. so this is a big challenge, which would be jimmy's to be not just so near to him, but a, but a long term medium term as well as long term challenge for the country. how to secure jobs to millions of a youth, especially who waiting for jobs of manufacturers are held responsible for that. uh but uh that is something that is being highlighted as of now that's a big challenge to use charl car to kay in delhi. and that's our show. thank you so much for watching for me and the business team here in berlin. you next time. take

care the in height because he refuses to count on the run because he doesn't want to die. to man out of thousands in russia who don't want to fight tends to change the price they pay is living in fear of being found in prisons. more sense to the front focus on your next dw, the house are we can we must of course carry defects of climate change. i mean

or a station in the rain forest continue, carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will change doesn't happen on its own. the make up your own mind. a phone lines. the high welcome to focus on europe is great to have you.