the, the funds set for a robot vacuum. one giant leap for exploiting the ocean floor. cutting edge technology is, i'm looking at the potential of deep sea mining. but this time, the research team will study the possible risk response. in order to minimize the we have an opportunity to to get it right before we start

environmental activists of skeptical is this true nature conservation on the green washing rule bill billions to be made out to pub documentary, deep sea greed stats, december 7th on dw, 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 ordering. the closure of the copper mines is operation

because this government just recently extended for a minimum of 20 years. i'm chris kolber. welcome to the program. while inflation is easing around, the world 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 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 clare, lombard valley. we're seeing

a welcome phone inflation, but the fight is not over yet. we have seen more goods where inflation has been high for at least the many countries we see this persistence across the last basic foods like she'll get milk and eggs. 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 jack came 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 across 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 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 can not continue to rise as fast as immediately after the russian at tech, when you create and 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 and germany 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 the cries in germany, i've was one of the few economies before cost the decline by all points the percent in next year. so i'm going to the p 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 start to, to reduce that growth for cost, and they move in or direction. and 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 a lot of to do with a very expansionary fiscal policy in the united states. we ever had strong growth in the q as in the 3rd quarter of ass and the us on. we had a stick nation by going forward, they'll also structural issues which such as the gross booby beacon to use on. and this is about the long term outcome for energy energy. the next couple of years, very meant to do nighted safe and much cheaper than here. and this you can see is already in germany. this is net to an exit us off energy intensive manufacturing firms such as the chemical industry. yeah, came up to 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 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 for 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 to your opinion. 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 allies like china, a reporter visited a hotspot, assign a russian business card 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 50, do know that the demand is up. if there's recent trend continues, my company's revenue could actually double, you know, fold out queen lives and works in china's most northern region near the border with russia. it takes us there to a place that has changed dramatically since russia invaded ukraine last year. this used to be empty, but today goods are lined up for export. this is the only entity, 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 over fears they could be used in the kremlin war efforts. a china doesn't support the sanctions force or the nonsense of china is russia's big brother. we will export anything. it's what we do here in this region quite or whatever other countries band with sanctions. we are exporting it sometimes without 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 and 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 vests or bands, no chances of 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 serving a proxy go purposes 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, coveted on a month, would be shut down all 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 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 copper mines, unconstitutional, and president that went to newport, the so called for an immediate closing of the site. the black ink on staples in on that as soon as we receive the former communication of the ruling from the supreme

court of justice, it will be immediately published and the official gives that to the customer. and we will start the transition period to shut down the mine in an orderly and safe fashion. i don't see it on the order then. oh, you said, what do i mean? the open pick mine owned by canada's 1st quantum minerals is located in a bio diverse jungle in 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 copeland ton of my mind would have done to the force of the 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 of 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 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 the inches with conflict with sarah kelly was slow progress in the counter offensive

and winter setting. and there is a growing number of voices call me for a we think of what the priorities crane and how to achieve them from the berlin foreign policy. for i'm, i'm joined by ukraine's investor took care of licksey my brain getting closer to being forced to consider health compromises complex. next on d, w. 6, tourism in time and off to the convent and locked down german men all back in patio city. and they say that they are helping poor families by painful sex prostitution, child abuse, and cynical dental standards. the shady side of paradise. in 45 minutes on d, w. the

words people have to say that's why we listen to every weekend on d w. the slow progress and the counter offensive and winter setting in there is a growing number of voices calling for a re think of what the priority should be in ukraine and how to achieve them on the special edition of conflicts. soon from the berlin foreign policy for him, i'm joined by ukraine's ambassador to germany licksey. my task is ukraine getting closer to being forced to consider tough compromises invested, and mccain broke into conflict. so thank you for me. there's been slow progress in the counter offensive and you're facing a lot of challenges including more for.