and you're up to date, the 2 states you will have your business updates after just a short break. i'm here until kimberly, and thank you very much for joining us. the people in trucks engine trying to feed the city center the straight screen, the

around the world more than 130000000 people us we of mine because no one should have to make up your own mind. dw may 4 mines of the a soft landing is 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 of the increased trade between russia and china. and will show you why

the president of panama is ordering. the closure of a copper mines is operation. the country's government just recently extend that 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 of uses, the pace 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 liked, was in ukraine at the middle east as well. as protectionism remain. another issue

troubling the already cd is persisting inflation. here's the groups chief economist, clair lombard deli, and 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 foods like sure, 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 gross down further for more or less spring . and you, i came by 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 because we have seen in the past the very high inflation rates and the re disposable income off the 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 cause means that the inflation is likely not to his debbie lies at around 2 percent. what the central banks one but significantly higher. but we see for example, or in germany that inflation from november has come down again to now 3.2 percent. does that mean that germany has turned a corner? the latter part of the display of pulsation over the past 12 months has come down significantly in germany in most other countries. but this is a kind of even because this is only cost or mainly cost by, by base effects because especially energy prices, they cannot continue to rise as fast as immediately after the russian, a tech, when you create and therefore this is only a basic 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, jeremy has essentially blown a 60000000000 euro hole in the countries budget to get the country is expected to return to growth next year. do you think that's likely? no, no, i don't think this is likely even before the bunch of cries in germany, i've was one of the few economies before cost the decline by o point 3 percent in next year. so i'm going to repeat and currently 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 all directions. and against this backdrop forecasters expect rose in europe and yours on 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,

as well as it has this, has a lot of to do with a very expansionary fiscal policy in the united states, wherever we had strong growth in the queue with the 3rd quarter by us in the us on, we had a stick nation by going forward, they'll also structural issues which suggest that growth will be beacon the use on and this is about the long term output for energy energy in the next couple of years. very meant to do nighted safe and much cheaper than here. and this you can see this already in germany. this is net to an exit us off energy intensive manufacturing firms such as the chemical industry. yeah, came up commerce, bank chief economists 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 years zones largest economy. germany, much like other industrialized countries, faces labor shortages, especially in height 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 his allies like china, a reporter visited

a hotspot, assign a russian business. pre own car 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 there's recent trend continues to my company's revenue could actually double, you know, fold out queen lives and works in china as most northern region near the border with russia. it 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 on the so me and see the article on money order is the most important chinese russian border crossing voltage on it. so just now they're bringing over these construction machines to the western

democracies. have long banned the export of such goods to russia, all the fears they could be used in the kremlin war efforts. a china doesn't support the sanctions force or the last of the nonsense. china is rushed us, big brother, we will export anything. this is what we do here in this region quite or whatever other countries band was 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, imports from russia, mostly cold. while trade is up here,

fewer and fewer people are actually crossing the border in town, however, serial explains point to what was once that's 5 in tourism business. hi, business is not good. they are hardly any russian customers anymore. maybe it will get better, but currently it's not good luck at the warehouse. we own chi speaks with his customers influence russian. just checking whether he can exploit life will scopes parties by if one joys my blood shop got literally this. i'm not who, who is this is how it works with the customer requests something and we check with customs if they say yes, we can export it difficult if they say no, we can't drones and protective vessels or bands. no chances of him 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 all the hours after the country, supreme court declared its contract on constitutional. the moves follow, growling public protest over the government's long term extension of operations at the mine and their environmental impact. they are singing and dancing in the streets. thousands of them. panamanians on tuesday, gathered into countries 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, putnam a compromise unconstitutional. and president that went to newport, the so called for an immediate closing of the site,

the black ink and staples united. as soon as we receive the former 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 over there now. you said, what do i mean? the open pick mine owned by canada's 1st quantum minerals is located in a bio diverse jungle and the atlantic coast. it has employed thousands and accounts for 3 per cent of panama as gross domestic product. just recently, the canadian owner had agreed to pay the state at least $375000000.00 annually. not enough for environmental is to look past the damage. the appropriate pun 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 i'll be more than 30 days in the streets, struggling, protesting, and marching against the abusive mining contract. we are really happy of citizens that the supreme court of justice found the contract unconstitutional. the cannabis 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 like the

town is, the employees in the government is doing nothing to submit it a but i still was once the pride of silvia but now in chinese ownership, it's become a dreadful pollution. kanza is on the right. environmental activism sufficing back and demanding action. focus on your next d, w, and the conflicts with sarah kelly with slow progress and the counter offensive and winter setting. and there's a growing number of voices calling for a we think of what the priorities crane and how to achieve them from the berlin foreign policy. for us, i'm joined by ukraine's invest, searching care. i'm getting closer to the for center house compromises complex does the same 60 minute on

d w as he's got any issues or thoughts say who the hello and welcome to this week's focus on europe with me. so now i'm danny. more than a 100000 people slept from then i go on a car back in place to armenia in september. now ethnic armenians are trying to build a new life for themselves as it was on use military force to bring the area under.