>> >> this is dw news, live from berlin. to our viewers watching on pbs in the united states and to all of you around the world, welcome. pakistan's former prime minister was shot after a protest rally. his supporters take to the streets to demand a full investigation and vowed to press on with their marginal capital. so coming up -- german chancellor scholz is on his way to beijing for a visit

steve in contrersy. in germany, g-7 ministers are discussing growing concerns over china's economic power. and, why subway construction sometimes takes 10 euros increase. some of the ancient artifacts uncovered can now be marveled at by passengers in a new metro station. ♪ i am nicole frolich. to our viewers watching on pbs in the united states and to all of you around the world, welcome. pakistan's former prime minister imran khan is recovering from surgery in the hospital after surviving what his aides are calling a assassination attempt. suspected gunman was arrested. police say he was acting alone. khan was shot when leading a match to the capital of

islamabad to demand snap elections after being removed from office in a no-confidence vote this year. 's warning, our report contains graphic images. reporter: clearly in pain, imran khan is inside the room. suffering from a bullet wound to the shin after being shot just moments before. outside, more gunshots. it's not clear who is shooting. the back of a container truck, now a makeshift emergency ward for the wounded. [shouting] imran khan is later seen waving to supporters. before being moved into a car then driven to hospital for treatment. pakistan's information minister says a suspect arrested at the scene has already confessed to the shooting. among those hurt was faisal, a

senator and member of mr. khan's party. >> imran khan is safe. i am being told one friend has died. others are seriously injured. reporter: this was a 7-day of a protest march led by the former politician, who is demanded new snap elections after being absent as prime minister in april. the government has promised an election next year. speaking earlier this week, the 70 year old insisted the rallies would peaceful. >> no violence. 26 years, we have never indulged in violence. we are not going to break any laws of the land. [chanting] reporter: news of the attack sparked protests across the country, including here in pay shower. pakistan is no stranger to political violence. the with mr. khanna already

being accused of dividing the country, this latest incident is only likely to increase tensions. nicole: a journalist in islamabad told us more about imran khan's protest march and the events leading up to it. reporter: the past six or seven months since imran khan's esther from the government, there is only one demand he had. he was holding different rallies, he protested in the month of may as well and there was one demand and that was for early elections in the country. the government was not ready for that. since he announced the date of the march, we thought there were statemts coming from both ends, from the federal government and from imran khan and his principal party. his political party was blaming the federal government thaton tl government was saying imran khan

islanning bloodshed. and today we have seen that this unfortunate incident has somehow happened. the positive statements coming in are that there should be no politics. we should talk about the health and well-being of imran khan, and politics can be discussed later. nicole: foreign ministers from the group of seven industrialized nations are meeting in germany to find a way forward on the number of pressing crises. on the day one of the summit, ministers discussed russia's war on ukraine, ongoing political unrest in iran, and china's economic clout. the talks come as german chancellor scholz flies to beijing for a 24 hour visit and as concerns mark about the level of chinese investment in germany. i spoke earlier with adw political correspondent, about the details of the meeting.

the focus today was on the war in ukraine, it was the main topic being discussed among leaders at the g7. at this g7 foreign ministry meeting, the focus is specifically on supporting ukraine for the coming winter. we know that russia has been bombing crucial civilian infrastructure in ukraine, hitting electricity networks and water supplies and that is having a great impact on the civilian population in ukraine. looking at the winter that is coming, ministers here including the german foreign minister have said that russia is using the threat of starvation and of death by cold as any weapon against ukraine and its population, and that is why g7 countries really want to come together and try to coordinate a united effort, to try to help ukraine through the winter by providing aid, and also in terms of tents and containers and

heaters and generators, to really try to help the population of the ground. the focus is also now turning to china and china's relation with germany and the indo-pacific. i spoke to you set beretta about relations. -- i spoke to the e.u. chief about relations. >> germany is important to china and investment in china. we are not looking for the decoupling of the economy of china with our economy, because everybody would be losing. so i understand perfectly that germany and all european countries, in different degrees, have uneconomic interest to continue parlaying with china. reporter: that trip olaf scholz is taken to beijing at this moment was also discussed between u.s. and german officials, wasn't it? guest: yes, we have heard u.s.

officials that the aim here is also to harmonize the approach to china among g7 countries and try to find a common approach to a chinese investment in the g7 countries, but also on how to deal with china's possible and more threatening actions against taiwan. we have heard from german foreign minister annalena baerbock. she thinks it is important to discuss ways to avoid making the mistakes that european countries made with russia and also with china. with german chancellor scholz on his way to china with a big delegation of business leaders from german companies, there are concerns among people in germany, but also germany's partners abroad that germany is not really working to make a 12 economically more independent from china, and that there are going to be discussions here as

to how all allies can be on the same page in terms of their relations with aging. nicole: julia, thanks. as we heard, the german chancellor is on his way to china at this hour. one member of his governing coalition says it is probably the most controversial trip to beijing by a german leader in the past 50 years. the energy crisis resulting from russia's war on ukraine has prompted rethinking in berlin and other capitals about relying too much on doing business with authoritarian nations. >> changed through trade. for years, that was germany's china policy. former chancellor angela merkel championed the idea through her 16 years in power, suggesting that making money and fostering change go hand-in-hand. china is now germany's biggest trade partner, and concerns are growing that this has major money dangerously dependent. >> if you lookt key clusters

of dependency, we are particularly parts of the car, the auto sector and the chemical sector. anything that is where you have the real dependencies. reporter: china and all-powerful president xi jinping have undergone profound change. the economy has reached new heights, but instead of opening up politically, xi has doubled down on authoritarianism. the idea of change through trade looks dead. yet the new government has been wrestling with what to do about that. the coalition deal signed last year looks tough, with passages on taiwan and human rights, a hallmark of the green party, which holds important ministries in the government. >> time when people start trade no matter what, no matter what the social and her military standards are, this is the point of all relations.

we shodn't allow ourselves this any longer. this meanse willlso establh a moral policy vis-a-vis china through europe. reporter: but the man at the top does not seem so sure. chancellor scholz has pushed through a controversial deal involving a chinese state enterprise to buy a stake in germany's most important port, hamburg. the decision was met with uproar from his coalition partners, most notably from the greens. olaf scholz's decision to travel to china with a business delegation is only adding to the divisions. so, where does that leave germany's china strategy? >> we'll just have to look at how to diversify economic relations, but actually how to reduce strategic depenncies on china, particularly icritical areas such as raw materials, and, areas such as wind turbines, larodules, and

electric batteries for electric vehicles. portercrucial decisions by a head, but it's not clear if the german government can make mind. nicole: we spoke earlier with our washington correspondent and asked her how the u.s. is viewing the china visit. guest: the u.s. is watching this with a critical eye. there was talk of a very intense exchange that would be had on the issue of china. the company that is investing in germany's hamburg hub at the moment is also investing in many american harbors. at the same time, the united states with its large economy and other trading partners really wants to see the strategic partners remain on board when it comes to potentially isolating china. i just wanted to read out what

german chancellor scholz said. he said, "china remains an important trading and business partner for germany and europe. we don't want to decouple from it." but u.s. policy on china speaks of abusive and coercive purchases in the treating space. somewhere in between, the u.s. and its partners are trying to find a, nine on china, with both deeply invested in huge trade volumes in the u.s., more than 500 billion dollars. in the case of germany, more than $250 billion or euros, whatever you like. both cannot get away from china and they are grappling with how to deal with it. nicole: is germany meeting washington's expeditions of being a strategic partner when it comes to china, in your view? guest: we saw antony blinken on the stage, there was a lot of agreement that china needs to be

handled with caution. you will not hear a word of direct criticism coming out of d.c., but no doubt there will be more expectations in the future. it is very interesting that german chancellor scholz had on the question of where germany has to position itself between the u.s. and china, that is a question part german chancellor angela merkel always tried to avoid at all costs. what we are seeing is that the u.s. is stressing how important the common line is particularly between the g7's framework. and we just heard from the german foreign minister stressing how much a strategic alliance, how important that is in terms of defense, in terms of security in this day and age both in germany and europe. that is where the two sides are. whether we will see it, strategy, there is not even one in the european union. so that certainly is not going to have.

but the u.s. has got a lot more leverage over the ukraine conflict to ask its strategic partners to its light on china. nicole: thank you so much. a russian appointed official in ukraine illegally our next kherson regents as a along the west bank of the dnieper river are more likely to leave their positions, this is ukrainian forces continue their advance in the area. meanwhile, tens of thousands of people have now left the russian-controlled city of kherson. many shops and businesses have closed. people have been seen arriving in neighboring crimea by bus. the u.n. says russia's invasion of ukraine is driving the largest, fastest displacement of people in decades, as russia increasingly targets vital civilian infrastructure. millions of ukrainians are faced with the difficult choice of trying to survive a difficult

and dangerous winter at home, or becoming refugees abroad. reporter: met his mom, that is me, that is my dad, and that is my grandma. 's portrait of their picture-perfect family hands on the bedroom wall. that it is not this ukrainian poise, reality, it is just him and his mom here in the south of ocean. they have received a warm welcome as refugees, but helena says the choice to flee was difficult. >> i wanted my child to be safe. moreover, it what we saw was terrifying. even if many people help us in belgium, emotionally, it is very difficult. >> belgium has become a refuge for tens of thousands of ukrainians since the war began, most of them women and children. their struggle is shared by millions of ukrainians now scattered around the world.

the u.n. agency for refugees described the situation as the fastest and largest displacement of people in decades. >> some 14 million people have been forced from their homes since the 24th of february. ukrainians are about to face one of the world's harshest winters and extremely difficult circumstances. reporter: moscow's attacks on civilian infrastructure have destroyed a third of ukraine's hour stations. with winter approaching, there are growing fears that many areas could be left without power, heat, or water. in an interview broadcast on ukrainian national tevision last week, a ukrainian official advised refugees to stay abroad for the time being. >> i would like to take this opportunity to ask them not to return right now. we need to survive this winter.

to return now is to risk yourself and your children, your vulnerable relatives who may be ill or elderly. reporter: for ukrainians abroad, the dream is to one day return. but for now, helena is one of millions who are experiencing their first winter as refugees. nicole: some other developments in the war in ukraine, kyiv says it has released 107 russian prisoners of war in exchange for the same number of ukrainian servicemen. among the ukrainian fighters are reportedly 74 men captured in mariupol's azovstal steelworks in may. ukrainian officials say many of the truthful return had injuries including shrapnel and gunshot wounds. europe's largest nuclear power plant in zaporizhzhya in southern ukraine, has been disconnected from the power grid again. ukrainian officials say it was running on backup diesel generators following marshaling.

china has been attracting infrastructure across large areas -- russia has been attracting infrastructure across country. but nato secretary-general has urged member sharkey to speed up approval of sweden and finland's applications to join the alliance. turkiye and hungary are the only members who have not signed off on theirbids. >> finland and sweden have delivered on their agreement with turkiye. they have become strong partners in our staunch fight against authoritarianism in all its forms and manifestations, and they are clearly committed to a long-term engagement with turkiye to address european security concerns. so it is time to welcome finland and sweden as members of nato. their accession will make our alliance stronger and our people safer. in these dangerous times, it is

even more important to finalize their accession. nicole: dw news nato expert is covering the story for us. i asked what her main take away from secretary stoltenberg's meeting was. guest: this was something that we don't see happen very often, and that is that we saw signals of impatience from secretary-general jens stoltenberg. until today, the allies had said, just let turkiye take its time and become comfortable with the finnish-swedish membership, and commitment to step up counterterrorism corporations, to convince him, that they are against the pkk, which both countries classify as a form of terrorist organization. today was the first time stoltenberg came out and say ok, you have had enough time. this is the first time we have had him signal that they think that finland and sweden have done everything they promised turkiye and it is time to stop this rock. nicole: what is behind turkiye's

continued reluctance to occur in finland and sweden into nato? guest: a lot of the suspicion is that president oregon simply has a platform to pressure sweden, president erdogan. sweden has long or obtain because there is a high tolerance of each and demonstration, even for a group considered a terrorism organization. over the summer there was demonstration that was considered pro-kurdish officially. the pkk flags outnumbered any other flag very far. so you have a very high visibility of the pkk in sweden, something the government feels must be allowed under freedom of each. nother is a new and more conservative government in sweden and they say they will crackdown on support for the pkk, since it is considered a terrorist organization. the main db movement on the swedish side, that allays his

concerns. but this is a complaint he has had against sweden for a very long time. sweden's wish to join a simply gives him an opportunity to ask 88. -- to exploit it. nicole: what does that timing realistically look like? guest: the conventional wisdom has been that president oregon, would actually drag this out through his reelection campaign to show that he has power over nato allies, that he can get things done, that he can make other countries make concessions to turkey. there are no signs that he will make a decision anytime soon just because of the recent pressure from nato secretary stoltenberg. there could be that we may not see any signs of a concession on this until june or july. but we could see some signals next week when the new swedish prime minister goes to ankara

and talks about his country's commitment to fighting terrorism with turkey. i will be watching that next week to see that if president oregon gives his sign that he is willing to drop his blockade early the next summer. nicole: certainly a meeting to watch. thank you so much. a quick look at some of the stories we are following today. north korea has fired four more projectiles, including a suspected long-range missile which sparked emergency alerts in south korea and japan. authorities in both countries say the launch appears to have failed. this comes days after pyongyang fired a record number of missiles towards south korea. giorgia meloni has made her first foreign trip as italian prime minister, traveling to meet top european officials in brussels. meloni met with european parliament president roberta metsolam as well as the e.u.

commission president ursula von der leyen. she has been a frequent critic of the in the past. former prime minister benjamin netanyahu and his allies have won a clear parliamentary victory in his resurrection. israel's electoral commission says his bloc won 64 seats in sunday's vote, compared to just 51 for the opposition. mr. yair lapid has conceded defeat and instructed his staff to prepare for a transition of power. in football, determinist striker has been ruled out for the upcoming world cup by injury, in a blow to preparations. he suffered an ankle injury as his club confirmed their package to the champions league nicola strugeon wednesday. he has been in excellent form so far this season, scoring nine goals in all competitions. the greek capital athens contains history everywhere, and

that comes with challenges. building in metro line to connect athens seaport straits airport means cutting through remnants of a civilization dating back thousands of years. is it possible to modernize will also protected and should heritage? here is how they went about it. reporter: a new trade station that feels like a museum with objects dating back over 2000 years found right here. construction workers dug athen'' new metro line and then took away the dirt to be inspected by archaeologists. it is not how most subways get built, but then, most subways don't go through the ruins of an ancient city. >> we saw all of these small objects -- tools, parts of furniture we didn't know about, and at this moment we are still not sure what a lot of them are used for. >> a huge field of research has

opened up before us. reporter: findings from the fourth century bc now fill this metro station that opened this week, 10 years after construction began. remains of an inch of water system are integrated into the design. a chance for people today to see how life was like here thousands of years ago. >> on the surface and under the surface, we will always have layers of people who pass through here, lived here, created, got married, fell in love, fought, and felt pain. ♪ reporter: people today may get around faster, but at this meeting point of past and present, they are reminded of how much they have in common with those who lived here more than 2000 years ago. nicole: we have another blast

from the past, have a century since the beatles' last recording session, the company has issued a new animated music video for its 1950 six album "revolver." it's the latest for the track. the animation made up of 1300 oil paintings, acrding to the artist who put it together. she says she looked at o newsreels of the fab 4 for inspiration. ♪ you're watching dw news from berlin. in just a few moments, i will be back to take you through "the day." hope to see you there. ♪

ço

>> it is 9:00 p.m. this is "live from paris" and these are our headlines on france 24. a man is arrested after the prime minister of pakistan is shot in the leg. his life is not thought to be in danger. final results from the election of israel shall prime minister benjamin netyahu has indeed won a majority. his opponent today considered defeat. and toning down her anti-european rhetoric, the italian prime minister makes her first foreign visit since taking

office. she makes that visit to brussels. welcome back. the former prime minister of pakistan was shot in the leg today in the east of the country as he took part in what is -- what has so far been a six-day-long protest. in what his aides said was a -- an assassination attempt, he came under attack in was there been. he has been receiving treatment. his life is not reported to be in danger. >> these images were taken right after khan was shot in the leg.

flanked by supporters, he was helped into lip proof car and transferred to a hospital where supporters came to express solidarity. a senator from his party was also injured in the attack. >> i pray for you all. may god take you add -- and imran khan. >> after more than three years in power, he was ousted in april as the economy crumbled and he lost the support of the powerful army. he has since participated in mass rallies across the country, criticizing state institutions including the army. around a week ago, he losa protest -- he launched a protest march to demand snap elections. >> this march has only one goal for me -- to free my nation, to make this a free country.

i want a transparent election, and the people of my country will decide in this transparent election whom they want to leave this country. >> khan was only 200 kilometers away from the capital when his vehicle came under attack on thursday. pakistan has a long history of political violence. former prime minister benazir bhutto was assassinated in 2007 after holding an election rally near the capital. >> not two days after the country went to the polls, vote counting is closed in israel, and it's clear benjamin netanyahu has indeed come out on top and together with his allies has secured a majority. the caretaker prime minister today considered defeat and congratulated his rival. 73-year-old netanyahu, who spent 14 months in opposition, is expected to lead the most right

wing government in israeli history. >> we see a bit of soul-searching going on today because, really, when you do the numbers, the difference between the victory -- the difference between the two blocks -- the two blocs is about 2000 votes, so that means netanyahu played a good game and the right was unified. the centerleft has lost two parties. two parties did not make the threshold. what you see today is half the nation rejoicing and the other half in morning because netanyahu remains a divisive figure, and the far right he has brought into government definitely worries people, but they have to accept that they

did not play the right hand. there's no doubt that benjamin netanyahu has to cobble together a coalition. it will be hard for him to do that because it is still tight, and everybody will have demands and he will have to meet those demands. he's not going to bring anyone from the center and change that at the moment, so he has to negotiate that. he wants to do it quickly by the end of the month and get back into power. they're looking at the dealings with palestinians. they are looking at dealings between the religious jews and nonreligious, secular jews. all those things including possible annexation of the west bank -- all of those things are now in front and center on everybody's thinking. demands from the heart right --

the hard right and fears from the centerleft. >> in other news, israel's new prime minister has today make her -- made her first foreign visit since taking office, and she chose to make that visit to brussels. in her meeting with eu leaders today, there have been sighs of relief that meloni appears to have toned down her anti-european rhetoric. she has been discussing italy's budget. >> i think there are sighs of relief for sure. prime minister meloni came out and spoke to reporters briefly. she did not take questions, but her tone was quite positive. she said they had great discussions about problems from

the energy crisis to migration. the meetings by no means were overly friendly, but they were not hostile, either. think eu leaders had to balance a type here -- a tight rope here because meloni has chosen not to go after the eu the past two weeks. her language has been mild, so they want to encourage that as much as possible. at the same time, they don't want to be seen to be endorsing the far right or normalizing meloni's far right party, which has its roots in italian fascism. this is a delicate balance, and i think both sides will have walked out happy. the question is -- where do you go from here? this could be an initial honeymoon period and there could be more fights to come. >> the eu has recommended various reforms be carried out in italy. it remains to be seen, doesn't

it, if meloni will go ahead? >> during the election, meloni suggested she wanted to revise some of the conditions attached to the covid recovery funding. that's 200 billion euros in funding italy is eligible for. she was saying she does not necessarily think italy should have to meet the conditions required. when the eu countries agree to that, those were conditions insisted on by hawkish countries like germany, netherlands, denmark, etc. that may have come up with her talks with von der leyen. i have a feeling they did not go into detail, though, because all of these minutes were very short. they were all under 30 minutes. she did not give the impression she would come into this meeting demanding these conditions be rewritten. we have heard from italian

diplomats they are not right now looking to pick a fight there. the question now is -- can meloni deliver the reforms, the conditions required in this very fraction government she has where parties do not necessarily agree with each other, and not everyone in the government she is controlling may agree with her more modified stance. the new modified meloni may only speak for herself and not in many ways the far right government and anti-eu government she is presiding over. the test will come at the meeting in december, and that may be the real test, if you can get along with the eu's other leaders.

>> that was dave keating speaking to me earlier from brussels. moscow and kyiv each handed over 107 captured riders today. amongst the prisoners handed back to ukraine were more than 70 of the soldiers who defended the steelworks in the port city of mariupol. moscow says its soldiers will be sent treatment and rehabilitation before being released. meanwhile, the united nations watchdog said today it has detected no signs of undeclared nuclear activity in ukraine. this comes after russia claimed kyiv was working on a so-called dirty bomb. meanwhile, according to an article in the new york times, a conversation has been held amongst senior russian military leaders about the possibility of moscow using a tactical nuclear weapon in ukraine. the conversation is seen as a growing sign of further

frustration among russia's top brass regarding failures on the ground. we speak with a former intelligence officer and senior lecturer and strategist at portsmouth's university. does this report sound credible we be?, anhow worrd should >> yes, it sounds very credible. the one edge russia has over the west is in its possession of particularly low yield or some call them tactical nuclear weapons. they have the edge in delivery systems and numbers, but it's not surprising they would conser at least the possibility of using these in the event of what might amount to an erational disaster. i don't think, however -- although it is not surprising, i don't think we should be particularly worried at this stage. these operational dilemmas will have arisen before and they will arise again. we should become a little bit

more concerned when the rhetoric from moscow ramps up. we saw yesterday president putin give what almost sounded like a statementl -- statesmanly declaration, that they would not use nuclear weapons less certain conditions had been fulfilled and they have not been so far. >> those circumstances could mean russia being backed into a corner, so we cte >> absolutely not, and putin, yesterday in his declaration, made it clear that russia's conditions are if the existence of the state is threatened by conventional attack.

where that red line is that constitutes the existence of the state and threatened is a matter for putin. i suspect that maybe if ukraine buttons crimea, which they are not near yet, so no, we should not forget this and certainly should not discount it, but equally we should not be surprised these discussions are coming up, especially with the hawks. >> no such attack using a tactical nuclear weapon has ever happened before. were it to happen, how might west and the rest of the world respond? >> this has been extensively considered. it's been suggested the response would be the destruction of the black sea fleet and the annihilation of russian forces

in ukraine to the extent that is possible. i've got my doubts they would do that. i think there are other avenues that can be explored, but that is the kind of response that would be considered. it would be a convential response initially, and that would be dictated by the nature of the attack. several possibilities are open. there could be a demonstrative explosion, if you like, over the black sea orn area limited population over ukraine or it could be a direct strike over ukrainian army units. the ukraian army does -- is composed of units, and that might be an advantage, and i'm sure that has been discussed in russian military. it has been made clear by american command that the response would be devastating.

however, i will say this, no wargame or very few wargames involving the use of tactical, as you call them, nuclear weapons ends well. at the very least, it is a limited exchange with the death of many hundreds of thousands of people. the dynamics of nuclear exchange are very difficult to control, and should it happen or should the possibility arise, we need to -- we must hope that our leaders really have a grip on this. >> looking at how russia is doing at the moment and what its options are, clearly, russia is short on ammunition and on weaponry if iran and north korea, we gather, is having to lend a hand as well. if putin wanted to escalate, what are his options apart from the nuclear one? >> they have recently united leadership under one particular

general, and air force general, and things have than a little bit better since then. we have noticed a more coherent operational part, particularly in the south. in curse on -- in kherson, it does look like the russians are up to something. they hav removed the flag from the main headquarters across the river yesterday, and the ukrainians were wondering what is going on, are they about to evacuate, and we will seek. in terms of cooperation of possibilities going over, let's not forget those former infantry within theussian population. we will not see much before the snows melt, from the russians anyway, in the early spring. clearly, however, ukrainians are wise to this and wil b making preparations. right now, operational options

for the russians extremely limited. they are on the defensive now, and that's where they are likely to stay, except for local attacks, public the next couple of months. >> thank you very much indeed for taking the time to talk to us. in the context of the russian invasion of ukraine, finland and sweden announced they were abandoning long-standing policies of nonalignment and ask to join nato. however, nato member turkey said not so fast. that's because ankara accuses both countries of sheltering outline religion -- sheltering outlawed militants which turkey regards as terrorists. stilton berg told hosts it is time to welcome finland and sweden into the nato fold.

>> finland and sweden have delivered on their agreement. they have become strong partners in our joint fight against terrorism, and they are clearly committed to long-term engagement to address europe's security concerns, so it is time to welcome finland and sweden as members of nato. >> and stoltenberg -- jens stoltenberg speaking there. it is time for the top business news. let's begin with the u.k.'s largest business rate hike in some three decades. >> the bank of england increased rates five .75%, its steepest rate since 1989. it takes a benchmark interest rate up to 3%, the highest and's the 2008 natural crisis, as the u.k. is fighting the u.k.'s fastest inflation rate in decades, currently at 10.1 percent and expected to peak at 11% near the end of the year.

governor andrew bailey is warning the u.k. is likely acing a two-your recession, it's longest ever on record, and that could see unemployment double by the end of 2025. bailey says rates could rise as much as 5.25% to tackle the worsening cost of living crisis. >> the forect we are publishing today shows it is a tough road ahead. the sharp increase in energy crisis -- energy prices caused by russia's invasion of ukraine has made us poor as a nation. the level of economic activity is likely to be flat and even fall for some time, but the economy will recover. >> the boe's move comes on the heels of an identical rate hike from the u.s. federal reserve on wednesday.

the european central bank also unveiled a .75% hike last week. this level still remains well below the u.k. and u.s., but with eurozone inflation at a record 10.7%, the ecb is expected to raise rates to at least 2% next month. some policymakers are calling from frankfurt.ggressive hik on thursday, the ecb preside said that a mild recession in the eurozone would not be enough to bring down inflation or to stop rate hikes, that europe's central banks simply cannot mirror the fed's moves. here she is. let's but each of us, the fed just like the ecb, have our respective mandate, and while we have to factor in such elements like the fed monetary policy decisions and other elements of an international nature that will help us determine the best

monetary policy, we are not alike, and we cannot progress either at the same pace and under the same diagnosis of our economy. >> time now for a check on the day's trading action. european stocks lost ground pass those aggressive equity moves -- european equities lost ground as those aggressive interest-rate moves spooked investors. a losing session on wall street as well as the fed's hawkish stance continued to send investors towards the exit doors. disappointing quarterly results from qualcomm, roku, and peloton contributing to a nearly 2% loss on the nasdaq. lyft shares finished down 2% as the company announced her plans to lay off some routine percent of its staff in the face of looming recession.

german chancellor olaf scholz is on his way to china for a controversial visit, the first by a sitting g-7 leader since thpandemic. china is germa's second largest export destinatio some observers worn berlin has become too economically dependent on the chinese market, a potential echo of its now very troubling dependence on cheap russian energy supplies. last week, the government approved a deal allowing a chinese shipping company to take a nearly 25% stake in germany's largest work. the u.s. has worn berlin not to allow china to take a controlling stake in that work, a stance beijing denounced. >> practical cooperation between china and germany is a matter between two sovereign countries. the u.s. should not meddle in such cooperation.

u.s. officials are still complacent about interfering in other countries' affairs, including their allies. this fully reveals their deep-rooted hegemonic mentality. >> to spain next, where thousands of demonstrators took to the streets of the capital demanding pay raises to keep pace with inflation on thursday. prices were up an average 7.3 percent annually in october. that is slowing down from july when inflation hit her-decade record of 10.8%. still, unions say wages are far from keeping pace as they push for a new increase in spain's minimum wage, which currently stands at just 1000 euros per month. the leftist party wants a 10% increase in the minimum wage, though the country's main

employers association warns wages in line with inflation would hurt the economy. >> when consumer prices jump 10% and salaries rise by 1%, it means workers are losing purchasing power asked. we are getting poorer every day, and the worst part is there is a minority getting richer at our expense. >> this week saw the return of europe's biggest tech conference for its first full-scale admission since the covid-19 pandemic. is taking place in lisbon, portugal, with a focus on the war in ukraine. microsoft pledged $100 million in technology aid to help the country's battle against russia's invasion. another headline appearance was a former uber executive who

turned whistleblower when he revealed a pattern of lawbreaking when the company expanded. calling uber's business model, he denounced the company's creation of a vast workforce of independent contract is without -- independent contractors without traditional benefits, specifically here in fnce. >> we were always careful to say we did not create jobs because we did not want to have to pay the basic social protections for employees, for workers. i told emmanuel macron directly, weill create 70,000 entrepreneurs in paris if you dilute the regulations to be a private driver. >> finally, the musk-ificiaton of twitter rolls on. bloomberg reports elon musk plans to cut roughly half of jobs at twitter starting friday

as the world's wealthiest man seeks to cut costs at the social network, which he acquired for $44 billion in a deal the closed late last month. new policies could also see employees' work from home privileges reversed. the move comes in the wake of musk's announcement that twitter will begin charging eight dollars a month for blue check verified status. that will also allow paying users to boost their posts and produce ads. some criticism from former executives warning a stratification of the service. >> thanks for that business update. i will be back in a couple of minutes with the top stories. stay with us. ♪ >> join the marriott envoy

travel program and discover endless possibilities. get exclusive member rates and offers at our extraordinary hotel brands. earn points to unlock free night . then check out as an elite member and access unforgettable moments made f you. marriott envoy -- travel that is endlessly rewarding. ♪ >> special events. >> from november 6 to 18, egypt will host the 2022 climate change conference. the climate crisis is a growing threat to the wld's population we will be there debating climate issues and bringing you reports and special editions. cop 27, 12 days to tackle climate change on france 24.

♪

11/03/22 11/03/22 [captioning made possible by democracy now!] amy: from new york, this is democracy now! >> in this regard, i have instructed the defense ministry to resume our participation in this work. russia reserves the right to withdraw if these guarantees are breached by ukraine. america seven ships departed from ukrainian ports, day after russia agreed to rejoin the deal brokered by turkey and the