to just download our house from google play or from the apple app store that will give you access to all the latest news from around the world as well as push notifications for any ranking news. watching dw news, this is our continuing coverage of his real at war with i'm off stay with the w news. i'll see you tomorrow. the votes people have to say the that's why we listen to based on the reports every weekend on d. w. fast fashion. as an environmental 9,

a clothing graveyard image of land desert. this is where things wealthy industrial nations no longer need and lightest textile ways get stranded fashion. watch now on youtube, the a low price, a spike in the wake of a conflict between israel and homos, will find out what a region on edge could mean for world economy already and term miles. leaders are hoping to restart the world economic engine at the i, m f and world bank and meet in morocco will get the latest from america and taking a stand with flip flops. i'll post business supporting the l g b t q community ahead of elections. i'm of the,

the now welcome to the show. global oil prices have done since the have mazda attack on israel. the price spike is driven by worries that the sold could escalates into a regional conflict. and then tangle oil producing nations and surviving fear. as of yet another period of high energy prices that could fuel inflation around the world's last week, the price of oil hovered around $85.00 a barrel down from $97.00 a barrel seen in september after saudi arabia and russia reduced a global supply. the surprise attack is causing the price of brent crude to climbed once again. now at $88.00 a barrel. for more on this, i'm joined by halima croft. she's a managing director at our bc capital markets. welcome, who lima. could you explain? what's the connection between the conflict between israel and the moss and the oil price? the

o market participants are watching to see whether this conflict spreads to any of the major oil producers in the region. most notably, everyone is watching for any indications it could spread to iran, or ron is a sponsor come off. they provide them with money with weapons. and the question is, will we see some type of military action directed at iran for their role? and this attack will we see sanctions tightened up on iran that could remove more balance from the market. so iran is the sort of central story that everyone is paying very close attention to rights and saudi arabia is another country that's being mentioned a lot in connection to this. could you elaborate a bit on how far you raise your mind to play into the oil price? i mean market participants are watching to see what role this flare up of severe and rest in israel. and god, the could mean for efforts to normalize the israel sadie relationship. and right now it looks like those talks will at least be put on pause. the saudi government

has come out and called for the escalation of violence, but it's also continued to call on israel to make concessions to the palestinians. and it's hard to see, but nothing yahoo government at this stage being able to make a type of concessions being sought by saudi arabia for normalization. so that effort seems to have stalled in the wake of this terrible unrest. right. and what would happen, how would that impact the oil prices, those normalization talks were to break down. are there have good expectations building on the market particularly last week that the normalization deal, as it was concluded, as part of this broader re stopped between saudi arabia. united states could potentially see saudi put additional barrels on the market in an effort to seal the deal. and now with these talk stall, with the broader us out, a ground bargain, looking at it in some type of question at the moment. now we're starting to think about what does it mean if the saudi bear, i'll stay off the market for

a longer period of time. that said, if we do see a spreading of this conflict to potentially involve iran, if there were to be some disruptions coming out of iran or somewhere else in the middle east, i do think it's out here. maybe i wouldn't be called on to put additional barrels on the market, the backfill and the middle east supply destruction rights. and we saw earlier, crude prices surging as much as 5 percent. is that a more serious impact then past clashes between israel and how much have had on the oil price? i can, i think the key factor is the concern about what does this mean for a rod? and so, given the stakes, given iran relationship with how my given that we have incredible news agencies reporting that the iranians may have played a role in orchestrated me a tire. it's not surprising that we saw such a run up yesterday in prices. the real question is, what do we learn next? right now, i think market participants are taking out

a pause today. they're waiting to see if there's going to be any spread of this conflict. will it remain localized? and so again, the question about where we go from here in terms of the oil prices, i think will really be determined by what is the actual spread of this conflict? how does that evolve over the coming days and weeks? right, so waiting for the dust to settle. thank you very much for lima. thank you for having me. as the international monetary fund and the world bank are meeting america shed morocco, this is the 1st annual meeting on the african continent in 50 years. as a gathering with them special schools leaders are hoping to get the global economy back on track worlds. lenders are trying to respond to 2 days biggest financial challenges, including debt, the stress, climate change, and the economic impacts of conflict among the big product project and so far. so i am a reckons the german economy will shrink 0.5 percent this year. it's also kind of scroll forecast for china to 5 percent down slightly from the previous estimate of 5.2

percent at the same time. so i'm a boosted it's predict and for the world's largest economy within us now estimated to grow 2 point one percent. this year, joining me now from the world bank and i'm us annual meeting is dw business reporter. i should touch pandey. welcome also touch the i'm s. outlook is a mixed bag with goods and bad news. isn't that? that's right marie, that unless i'd read the good news, the good news is the world economy is not coming crashing down. so we are going to see a soft landing that's largely headed by the performance of the us economy. sure. uh, showing you guys now is doing really well, despite also so much but of crises despite interest rates going up. but the bad news is the chinese economy, the world's 2nd largest economy, is not doing well. it's property sector is in deep trouble. and that could have an

impact on it on the war. then one of the countries that could see the brand would be germany, which is a lot very closely related to china as far as straight is concerned. and that's one of the reasons why the german economy numbers were actually got to do. right. and you're in america's right now, what's being discussed in that building behind you. but there's a lot to discuss the of the dead pausing the part. it spins and the but the, but the main discussion is over dead stress. uh, that's one of the key or teams that is 3 of you find minds. yeah. because it's taking place enough for god. many of the african countries are in deep distress as far as the debt levels are concerned, that they need really quickly, some sort of progress has been made, but the progress has been really, really slow. so that's one point they're going to discuss. the other thing is that

it forms that the world bank and the item that saw that there is a sense that they don't really represent the realities of today's time. china for one says that they've grown so much over the past 2 decades. but this to, to have a point 3 share of one shareholding as far as the, uh, the item is concerned. and that's would be the seat. uh, the one who have more say, a bad and these global institutions. and onto the fact that the world bank balance sheets are really stretched and they're unable to help to at this point in time. and they want more to the funding and they want people to do it more countries to pledge more money. the us us pledge the but then again, there is a lot of doubted on whether the congress is going to give a go ahead, do that. right? so stretch balance sheets and times of price. so c, w, as i said to us monday. thank you. now to some of the other global business stories making news. when of china's

biggest properties, 18 developer says it will not meet its payment obligations. as we get closer towards defaulting country gardens owes nearly $200000000000.00 collapsing, whatever would have significant consequences for china's economy. which is already suffering from record high use unemployment and flagging consumption. the writers guild of america, which is the union working on behalf of the film and tv riders across the u. s. has approved a new contract with major hollywood studios, the agreement, the ends of 5 months strikes the plunge, the industry into turmoil. it includes pay raises and protections against the use of a i and to poland, which is gearing up for general elections for the l. g. b t q community much is at stake. the government has faced international condemnation for it stands on the rights, same sex relations are not legally recognized in the country even so some businesses

are trying to show support. the pink economy is thriving, dw, as jack parents went to meet an outspoken polish flip flop brand, in the warehouse of could be to in the western part of the city of large compared to it has been selling flip flops in poland since the mid ninety's. it's something of an iconic product here, but it's steadily lost its popularity off to say it was a trickle to a few 100 pads a yeah, that's why i was because of ski and 2 of the new cohen is, came in to completely revamp the brand in 2018. that's when they brought in a publicly pro l g b t stones. even though the yes, we could expect that there will be some reactions which are not so nice and they were, they said, you know, i would never buy again. you don't sleep close and we say, okay, goodbye. but much more came safe night though could be just turn over to over $6000000.00 your eyes per year. they remain one of the few companies in poland to

publicly loudly speak. typed in support of the o g. b t. community provides one public last day. they're not listed on the public stock market and well they have plans to expand to so that flip flops outside the person's board. as they say they're not really worried about what happens in the upcoming elections. they can move faster than any government. the current right wing government has frequently cross dine on and g o is which support the l g b t community. but could boot the end of the l g b t run businesses? we spoke to said the reparations have been allowed to continue on, hindered the pink economy a time specifically used to describe the purchasing power of the o g b t community, assuming the light to thrive as long as pink business is paying that taxes according to 2022 data from a consulting potent and so called pink economy is with 35800000000. your res per year is the 7 biggest economy in your opinion. and growing proteins,

d d p is nearly 750 in your i said the pink economy makes up just over 5 percent. not insignificant. the economist here in poland say the government is wise to keep political positions to the economics of the country. oh, well, i'm not a big fan of every day. intervention isn't my of the, of the government's to the economy. it's, it's what's the market is driving to growth in the long period of time. and most countries, which 5 is basically they, they create the regulations that can enable individuals and businesses to 5. and that could be to plans to keep being outspoken in it. supports of the l g b, t community and to build sales both here and abroad. whatever the result of the upcoming elections and that's our show. thank you for watching and take care the

who blew up just north stream and type line is this unprecedented attack? who was a pub of traces and most of minds behind a large scale investigation. so the bulk of the states full 16 mystery. those next on d. w. die to depression, bipolar disorder, mental health issues like these. i've seen asked about topics in many african societies. you'll africans struggling with their mental health. i left to their own devices in the past. uh, people have stuck to these misconceptions about mental health. that mental illness is a curse or you know, it's the one positions the 77 and 60 minutes on

dw. we've got some hot tips for your package that zip code is the spots the cities check and some great cultural memorials to beat travel. regarding the the, the attack on the north stream pipelines was an attack on germany. it's an attack of historic dimensions if this inconspicuous ceiling not really have something to do with it. the deep.