to was just released by the militant group are now in israel. is really army radios as 10 more have been handed over to the red cross in gaza. that's all for me, but stay with us for your business updates. don't forget there's even more on our website, that's b, w dot com and make sure to both of us and social media oriental there is and the, the unix. thank you so much for your company. the version now understand can have a think like devices presented. do you have any news on instagram? no. follow up. sometimes a seed is of all you need to allow big ideas to grow or bring an environmental conservation to life with learning facts like global ideas. we will show you

how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge grows through sharing, download it now for the, the, a soft landing as possible, but far from guaranteed. the organization for economic cooperation and development says the world economy is likely to fall for next year under the strain of wars. still elevated inflation and high interest rates. also coming up with restaurant officials insisting that the sanctions against the kremlin are biding, will take you to a hotspot on the increased trade between russia and china. and will show you why the president of panama is during the closure of a copper mines,

is operation. the country's government just recently extended for a minimum of 20 years. i am chris kolber, welcome to the program. while inflation is easing around, the world of growth is slowing alongside it. according to the latest outlook of the organization for economic cooperation and development, o u. c, d and europe lags behind all the major markets in 2024. the your area economy is expected to go 0.9 percent compared to one and a half percent for the us. and 2.5 percent for mexico. the always it uses the piece of growth is uneven, and emerging markets are generally faring better then advanced economies. overall, though the always it is predicting what the organization calls a soft landing. although risks like the wars and ukraine at the middle east as well as protectionism remain. another issue troubling the city is persisting inflation. here's the group's chief economist, declare, lombard deli. we're seeing

a welcome phone, inflation, but the fight is not over yet. we're seeing more goods where inflation has been high for at least the many countries we see this persistence across the last basic feats like she'll got milk and x. this is part of the reason we remain worried about inflation. if inflation was approvable for assistance. so the timing would be necessary pushing growth down further for more or less spring. and you are kind of a chief economist at commerce bank. you are welcome back to the program. do you agree with the always the experts that inflationary pressure will continue to be weighing on 12 o'clock? i think so, i guess. uh, because uh we have seen in the past to very high inflation rates. and the really disposable income off employees has come down. and therefore trade stevens around the world tried to make up for the previous loss in the purchase impala and this

means high wage settlements. and this, of course means that the inflation is likely not to. it's debbie lies at around 2 percent. what the central banks one but significantly higher. but we see for example, or in germany that inflation for november has come down again to now 3.2 percent. does that mean that germany has turned a corner? when i put it this way, at a positive phase over the past, the 12 months has come down significantly in germany and in most other countries. but this is a kind of even because this is only cost or maybe cost by, by base effects. because especially energy prices, they can not continue to rise as fast as immediately after the russian at tech one you created. therefore, this is only a base effect at the end, the last mine of the fight is out of the fight against inflation. of the last my is more important and they have the issues primarily because of high wage settlements

. now in court ruling, a jeremy has essentially blown a 60000000000 euro hole in the countries budget. yet the country is expected to return to growth next year. do you think that's likely or no, no, i don't think this is likely even before the bunch of cries in germany, i've was one of the few economists before cost the decline by all points to be present in next year. so i'm going to repeat and current lead under the impact of high interest rates and under the impact off the drum and budget crisis. private sector you called them is the stats to, to reduce that gross forecast and they move in or direct me against this backdrop of forecasters expect rows in europe and the euro zone for that matter to remain relatively subdued compared to the united states or north america. as a whole, for example, why are the economies going into different directions here?

well, as it has this has, i don't have to do with a very expansionary fiscal policy in the united states. we already had strong growth in the queue with the 3rd quarter way us and the us on where to stick nation by going forward. they also structural issues which such as the gross movie became the use on and this is about the long term outcome for energy energy in the next couple of years. very meant to do and i'd say it's much cheaper than here. and this, you can see this already in germany, this, that to an exit us off energy intensive manufacturing firms such as the chemical industry. yeah. came up commerce, bank chief economist, new york as always, thank you for your thoughts. thank you. and not to some of the other global business stories making news. half of german companies are struggling to fill vacancies, student labor shortages according to germany's chamber of commerce and industry. that is, despite the stagnation of the arizona largest economy, germany,

much like other industrialized countries, faces labor shortages, especially in high skilled sectors. now has improved a global minimum tax on multi nationals, the southeastern asian economy, currently offers preferential rates to large from investors. the move will now force more than a 100 phone companies, including electronics, trying samsung to pay a higher rate of at least 50 percent. the european union and united states and its allies have initiated a raft of sanctions against russia in response to the cremeans full invasion of ukraine. now, although western officials insist that the measures are biding, russia has been able to keep its economy running thanks to sales of oil and gas and because it increased trade with this elyse like china, a reporter visited a hot spot of sign, a russian business cards specializes in trade between russia

and china and his business is booming. auto parts in particular, are in high demand. at his warehouse, he counts the tires, a russian customer has ordered. no demand is up. if this recent trends continuous mike companies, revenue could actually double either fold out queen lives and works in china's most northern region. near the border with russia takes us there to a place that hasn't changed dramatically since russia invaded ukraine last year. this used to be empty, but today goods are lined up for export. it is, i'm not the only entity the article on money order is the most important chinese russian border crossing focus on it. so just now they're bringing over these construction machines to, to the western democracies have long banned the export of such goods to russia over

fear as they could be used in the kremlin war efforts. a china doesn't support the sanctions force or less of the china is russia, as big brother, we will export anything. it's what we do here in this region. quite whatever other countries band with sanctions. we are exporting it. sometimes with our for our film crew is unwelcome, so we move on right next to the border crossing. we see giant warehouses built by wholesalers. this kind of construction is assigned people here. are expecting a long war with long term benefits. chinese police follow us as we drive to the border towns train station on the other side. kim, ports from russia, mostly called well trade is up here. fewer and fewer people are actually crossing the border in town, however,

serial explains point to what was once a thriving tourism business business is not good. hardly any russian customers anymore. maybe it will get better, but currently it's not good luck at the warehouse. we own guy speaks with his customers influence russian just checking whether he can export rifles. scopes, parties by one, joining his name flush. jessica louis, i'm not who, who is this is how it works with the customer requests something and we checked with customs. if they say yes, we can export it difficult if they say no, we can't. drones and protective best are banned. no chances of a duke without changing businesses booming as russia and china and strengthened their bond, our trip to the border. it shows that rather on a line that survey

a proxy go purpose, i do find you might, to panama and the president of the central american country has declared that the canadian minor 1st quantum lucrative compromised covenant on a month would be shut down on the hours after the country, supreme court declared its contract on constitutional. the moves follow growing public protest over the governments. long term extension of operations of the mine and their environmental impact. they are singing and dancing in the streets. thousands of them panamanians on tuesday gathered into country's capital to celebrate the legal victory many c as crucial to the very survival that after panama supreme court declared a 20 year plus contract for the copeland upon them, a compromise unconstitutional. and president that went to the new party, so called for an immediate closing up the site the black ink going staples in on that as soon as we receive the formal communication of the ruling from the supreme

court of justice, it will be immediately published in the official gazette, and we will start the transition period to shut down the mine in an orderly and safe fashion. i don't see any of the now. you said, what do i mean? the open pit mine owned by canada. first, quantum minerals is located in a bio diverse jungle in the atlantic coast. it has employed thousands and accounts for 3 percent of pan at most gross domestic product. just recently, the canadian owner had agreed to pay the state at least $375000000.00 annually. not enough for environmentalists to look past the damage. the copeland ton of my mind would have done to the forest at coastal area and to local water supplies. for the today, we know that we continue to maintain and protect our natural resources. it

is very important for us indigenous peoples in nor resources. we're nobody because we know that we depend on it. mother nature, right on the things out even more than 30 days in the streets, struggling, protesting, and marching against the abusive mining contract. we are really happy citizens that the supreme court of justice found the contract unconstitutional. canada's 1st quantum mineral says it accepts the ruling. meanwhile, in panama, just celebrating a story gwen and that is our show. thanks for watching. have a successful the

alignment versus business. the gulf states a massively expanding very renewable energy, but also increasing the annual production of fossil fuel. with an eye on the upcoming world climate summit, we are actually states do climate change. so next d w. europe's largest house made by a 3 d printer. it's being assembled in the southern german city of heidelberg and approach to building that promises to be economical. climate friendly and quick leading only 3 workers on site or 3 d printers. the builders of the future is made in germany in 60 minutes on d, w. o,

o we say they're about never giving up every weekend on dw, the how i remember in the past, like 20 years ago. they're like, no, but now they're here. what are they of the, the template of revising which i'm effecting or they get. i was kind of the rest of was drawing out will be left without energy. they used to live a good life. now there is no farm to plot the rivers dry. well, i don't know how many good. it's no nasa. what can we do to save all kind.