and i said for the moments from me and then it was theme, don't go away, stay with us. my colleague, well, board is up next, please dw business. and of course, you can find a lot more in news analysis of video and lots of background, a website dw dot com on got office in berlin from me, and it is team here. the sometimes to try out at you out to the highlight for sure. every week, not to not be committed. coin is great for investing the invest. these are the everyone here just wants to get into big old quite

a bit. coins digital gold. and we wanted to stay here in central and south america . they're known as big queen arrows, digital gold, diggers, investors from all over on moving to latin america in search of bitcoin treasure. nowhere is the crypto currency value more highly than here. but for many, the frenzy ends in ruins. we were promised high speed rail, but so far there is no sign of the coin in latin. america starts august 18th on dw, the roof weekends on your pay in markets. laser index is across the continent to down after a set of gloomy economic updates. we'll ask what's going on at all we paying to little rock food, we visit a supermarket, its height,

its prices to reflect what it says as a true cost state of your business on robots in bell, and welcome to the program. can your parental itself out of it's kind of like funk date this week indicates a business activity in the your as are in declined as an even faster rate in july done in june export because from gemini this because i suggest it's straining to escape. it's economic down to the bank of england or so hiking interest rates yet again on the state problems across the continent to appear to be assisting. so let's discuss the situation in your with your kramer chief economist comments bank. thanks so much for coming on to give us your expertise on this at the end of a week. but if at all kinds of data floating around, we go. anything of a better idea of both the situation, new york and economies ended about what had today. we had a surprise increase in manufacturing orders in germany,

but this was only due to bike orders if you have the track from the special effect . and you'll see then you'll see a continued downward trend of this important view to indicate as all of the side. all the signs are that the drummond economy is heading for recession and the 2nd half of this year, germans and many europeans. if you have had a difficult yeah, even longer, in fact, the prices rising and such as always the point yet where your friends can start to, to think about recovery, or should they be pricing themselves for a continued strain on the household income? well, let's put it this way. i think the pain in terms of inflation is using the inflation rate in the usa and has come down from over 10 percent to roughly 5 percent. therefore, this is better bought to don't forget that the c p had to race interest rates, buy more than the 400 for the 5 basis points. and the such rate hikes,

which we also see globally typically takes its toll on the economy. and this is the main reason why we expect that to use on a call a us on economy should also go at least into a kind of technical recession. that means it's not only a forecast for the, for germany, but also for the us on, due to the sheets increase in interest rates globally. okay. your claim from covenants bank. it's been really interesting to just get your reflections on all of that strange data that we've been getting this week. some surprises in that. so good, some thoughts, but thanks taking us through them. now let's take a look at some of the other global business stories that are making the news, the in the us, a 197000 new jobs outside of the funding sector. recreation in july, that's slightly fewer than expected. you unemployment wrightfeld, i from 3.6 percent to 3.5. rising interest rates and increasing wages may not ex,

that's all saying the us labor market remains robust. china central bank is less to increase financial support for the countries private enterprises such as will make it easier for them to secure bank loans. china is currently suffering from decreased foreign demand a week in real estate sector, rising unemployment and sluggish domestic consumption. i mean, it's highly and low. a 5 minutes has passed a law or given kansas. the volume has the right not to declare the past condition to funds and insurance agencies effects. 1000000 people who recovered from cancer survive is often being refused to loans or cover because of their medical history. so my laws already in place in front of portugal and some other countries and a cyber criminal couple have pleaded guilty to attempting to loan to have a $4000000000.00 with a bits claim they stole during a hack in 2016. at the morgan, emilio lichtenstein were arrested last year in new york after

a police operation the link, the assets to the crypto sliced inflation has seen many your fans bang an awful lot more for that groceries than they used to. but some environmental, this would argue that we're still not paying enough for the foods that we eat. now . one gem and supermarket chain has temporarily increased its pricing to reflect the true cost of each product sold out. and that despite a 60 percent price rise, the organic yogurt at this berlin store of supermarket penny. so a price pump as part of a weak low marketing campaign across the country as $9.00 products, including yogurt, different types of cheese sausage and beacon snips. so are part of the so called food cost campaigns, drawing attention to the true impact of groceries on the environment. and event

costing to improve costs include the costs stuff, environmental effects, not just the value of change which we have for the cost of the environmental effect . consumer prices could be different from what we have now. and if we do that, researchers have calculated how various products affect climate change during production. for instance, on my waist and his compact on the climate, the amount of so degradation caused by farming how ground water is affected by production and the health hazards such as harmful pesticides. so products need to be significantly more expensive. 400 grams of sausage cost, 88 percent more but only 9 percent of the several thousands of products it sells. a part of the campaign and a discount here has also made other products significantly cheaper. many customers . i shocked about the high prices we had to

adjust. that means we had to look carefully to figure out what to buy the costs. we thought that would be a roast on the weekend and that's it. to get a new roast and noise to every 2nd day. and quickly, even though so produce the farm, us don't get anything they need it. that's where it's justified when he likes to. some of welcome to pennies effort to raise consumer awareness. but others, including the farmers association and food watch, consider it green washing. that's because the discount are, isn't ready to pay for juice's, adequate prices. well, it is unfair to infinity. the many from us also see it as a bit hypocritical when a company that spends all its time trying to push the purchase of prices down and buy some beggary. cultural products at low prices. and then it suddenly comes up with ideas like this. you know, the ones, the campaign ends next week, the products will be returned to the cheaper prices at penny,

despite how much they harm the environment as well. let's discuss this a bit further. with the results on from data we were environment good to have you on the program. so what are we looking at here is a payoff done to the greenwashing? are they actually highlighting and relevant points? i think it's a little bit of everything. there are definitely groups that are cooling the company out for green washing and accusing them of hip hop, christie too, because walters prices have gone off from those 9 products. they are still being pushed down on other products with little regard for the environmental cost of those. but they're all organizations as well, like green piece, for example, that of praise. the campaign for bringing focus to what is a big problem um for production costs is around a set of greenhouse gas emissions and also causes other wider impacts the environment. so it's good to have your attention brought to that. yeah. so what is it that people do need to know about the environment, environmental impact of the production of the fear that they buy in the 6th pocket?

well, i'd like to start with an example. i'm sure there are a lot of people who have had buckets for lunch, for example, and beef is a big problem when it comes to the environmental impact. a lot of land is cleared to make ways the capital launches. this is big problem in the amazon, for example, where it accounts for 80 percent of deforestation. not only does this stop those trees being able to sequester carbon dioxide, it also kills off uh or damages habitats for animals and for plants. um they're also crops, for example, where we use pesticides, which are responsible for killing insects. bees for example, that we need for public pollination and then there's a foot slices which will say washington to our rivers include cause problems with bite of s t, but also for human health. how does this will relate to how much we, we pay for it. i guess what are the harmful processes make food? chief s o, is it just a fact of? we're ready we are paying through level profit. i mean,

some experts would say that we definitely need to put the price up now for your general lead to help cover these costs and also begins direct impacts of the environment. a, sorry of be a food production in floods. new some organizations have advocated, for example, for taking away tax from plump based fluids, which are generally better. so the environment, i'm putting higher taxes on meat and dairy products as an example. but there are worries that obviously this could have a negative impact on consumers with lower incomes were already struggling as a result of inflation. let's say that's so that's interesting. so it's a get, you know, cheaper organic fates and more expensive the top. the results on, thanks so much for taking us to office. that drought is taking a dramatic told one of the was most important was the ways the panama canal

authority has announced plans to restricts the number and the size of ships passing along the route. the measures could mean as much as $200000000.00 of trade is lost . next year. more than 14000 ships went through this waterway last year. that's the highest annual numbers seen in the panama canal in a decade. with that set to change this year and next due to a drought the from the survey to evaluate the current crisis is unusually severe. it's a good one robin started from now until september, next year. i think we should be operating under very tight restrictions. the drought is the major challenge, and the peculiar feature unique to the panama canal makes it worse to go to that look at the major disadvantage. the dependent canal has compared to other maritime routes, is that we operate with crash walker. while the other is use salt water,

what do you need? so i'll let him out of the panama canal needs rainwater to operate smoothly. a drop in water levels limits the number of bolts that can pass through. that will hit the panamanian economy. as the waterway accounts for around 40 percent of its economic activity. and just lastly on the program ready, freddy freddie mac uri's possessions up for auction in the u. k. about $30000.00 objects. the guy under the hammer, including the clean front mans royal road and crown, the sense of base of the auction is a baby grand piano, which he composed some of queens biggest hits, including the human reps. it's expected to reduce at least $2000000.00 that funds can see all the lots for free, at surveys in london until september, the se. so from the end of business team here in berlin, from

o at the data weight. com slash business, all the data in years issue to take out the eco, indeed they call themselves human human media and they're growing in numbers. the environment to this. so cleaning up the rubbish nash behind by millions of tourists in the mountains is one of the downsides of the tourism poses a threat to the livelihoods of many people in the region on dw, the, to become a criminal free clinic already

told me about sugars paralyze between your societies, computers and governments that go crazy for your data. let me explain how things, technologies work. so that's how they can also watch it. now. the well, not surprising at all. everyone in my city is used to listening that he.