The police, the free time, but still very much alive. Your guy to this, especially in germany, recognizes where exactly it was fun. Learn a lot of our culture history. All their travel extremely worth a visit the rough weekends on your opinion. Markets. Laser index is across the continent down after a set of gloomy economic updates. Well ask whats going on at all we paying to little rock food. We visit a supermarket. Thats high prices to reflect what it says, the true costs. State of your business on robots in bell and welcome to the program. Can your russell itself out of its kind of like funk date this week indicates a Business Activity in the your a zone declined as an even faster rate in july done in x, x balls that goes from gemini. Thats because i suggest its straining to escape. Its economic down to the bank of england. Those are hiking Interest Rates, yet again on thursday, problems across the continent to appear to be assisting so lets discuss the situation in your with your kramer chief economist comments bank. Thanks so much for coming out to give us your expertise on this at the end of a week. But if at all kinds of data floating around it, we got anything of a better idea of both the situation new york and economies ended by what had today. We had a surprise increase and manufacturing orders in germany, but this was only due to bike orders. If you have the track from the special effects, then youll see it then youll see a continued downward trend. And this impulsively to indicate is all of the size. All the signs are that the drum and economy is heading for recession and the 2nd half of this year. Germans on many europeans have. Ive had a difficult yeah. Even longer. In fact, the, the price is rising and such as we the point yet where your friends can start to, to think about recovery is simply the pricing themselves for continued strain on the household income. Well, lets put it this way. I think the pain in terms of inflation is using the inflation rate in the usa and has come down from over 10 percent to roughly 5 percent. Therefore, this is better bought to dont forget that the c p had to race Interest Rates, buy more than the 400 for the 5 basis points. And the such rate hikes, which we also see globally typically takes its toll on the economy. And this is the main reason why we expect that the use on a call a us on economy should also go at least into a kind of technical recession. That means its not only a forecast for the, for germany, but also for the us on, due to the sheets increase in Interest Rates globally. Okay. Your claim from covenants bank, its been really interesting to just get your reflections on the others that strings. Basically, weve been guessing this week, some surprises in that. So good, some bad, but thanks taking us through them. Now lets take a look at some of the other Global Business stories that are making the news. And the year as a 197000. 00 new jobs outside of the funding sector. Recreation in july, thats slightly fewer than expected. You unemployment wrightfeld i from 3. 6 percent to 3. 5. Rising Interest Rates and increasing wages may not ex, thats all saying the us labor market remains for fast. China central bank is blushed to increase Financial Support for the countries private enterprises such as will make it easier for them to secure bank lands. China is currently suffering from decreased foreign demand a week and real estate sector, rising unemployment, sluggish domestic consumption. And the italian low of 5 minutes has passed a law or giving kansas the volume has the right not to declare the past condition to funds and insurance agencies effects. 1000000 people who recovered from cancer survive as often being refused to loans or cover because of their medical history. And i lost already in place from portugal and some other countries. A cyber criminal couple have pleaded guilty to attempting to loan to have a 4000000000. 00 with a bits claim they stole during a hack in 2016 at the morgan and lichtenstein were arrested last year in new york. After police operation, the link, the assets to the crypto, sliced inflation has seen many your fans paying an awful lot more for that groceries then they used to. But some environmental, this would argue were still not paying enough for the foods that we eat now. One gem and Supermarket Chain has temporarily increased its pricing to reflect the true cost of each product sold out. And thats despite a 60 percent price rise. The organic yogurt at this berlin store of supermarket penny. So a price pump as part of a weak low Marketing Campaign across the country as 9. 00 products, including yogurt, different types of cheese sausage and reagan schmidt. So are part of the so called true cost campaign, drawing attention to the true impact of groceries on the environment. And event custom to improve costs include the costs stuff, environmental effects, not just the value of change which we have for the cost of the environmental effect was Consumer Prices could be different from what we have now. And we do that research as have calculated how various products affect Climate Change during production. For instance, honeywell waste and its impact on the climate, the amount of so degradation caused by finding how groundwater is affected by production and the Health Hazards such as harmful pesticides. So products need to be significantly more expensive. 400 grams of sausage cost, 88 percent more but only 9 percent of the several thousands of products it sells a part of the campaign. And the discount here has also made other products significantly cheaper. Many customers, i shocked about the high prices we had to adjust. That means we had to look carefully to figure out what to buy in costs. We thought that would be a roast on the weekend, and thats it. To get a new roast and noise to every 2nd day and quickly, you know, so produce the farm us dont get anything they need that. Thats where its justified. Some of welcome to pennies effort to raise the consumer awareness. But others, including the farm, is association and food watch. Consider it green washing. Thats because of the discount or isnt ready to pay for juices, adequate prices. What speed is unfair to infinity . Many from us also see it as a bit hypocritical. When a company that spends all its time trying to push purchase prices down and buy some beggary, cultural products at low prices, and then it suddenly comes up with ideas like this. You know, it could come. Once the Campaign Ends next week, the products will be returned to the cheaper prices at penny, despite how much they harm the environment as well. Lets discuss this a bit further. With larrys on the phone from data we were environment good to have you on the program. So what are we looking at here . Is this uh payoffs done to the greenwashing . Are they actually highlighting and relevant points . I think its a little bit of everything. There are definitely groups that are cooling the company out for green washing and accusing them of hip hop, christie too, because walters prices have gone off from those 9 products. They are still being pushed down on other products with little regard for the environmental cost of those. But theyre all organizations as well, like green piece, for example, that have praise the campaign for bringing focus to what is a big problem. Um for production costs is around a set of Greenhouse Gas emissions and also causes other wider impacts the environment. So its good to have your attention brought to that. Yeah. So what is it that people do need to know about the environment, Environmental Impact of the production of the fear that they buy in the 6th pocket . Well, id like to start with an example. Im sure there are a lot of people who have had buckets for lunch, for example, and beef is a big problem when it comes to the Environmental Impact. A lot of land is cleared to make place of castle launches. This is a big problem in the amazon, for example, where it accounts for 80 percent of deforestation. Not only does this stop those trees being able to sequester carbon dioxide, it also kills off uh or damages habitats for animals and for plants. Um theyre also crops, for example, where we use pesticides, which are responsible for killing insects. Beads, for example that we need for public pollination. And then theres a foot slices which will say washington to our rivers include cause problems with bite of s t, but also for human health. How does this will relate 3rd to how much we, we pay for it, i guess. What are the harmful processes make food . Chief s o. Is it just the fact that were ready . We are paying to little profit . I mean, somebody experts would say that we definitely need to put the price off now for your general need to help cover these costs and also begins direct impacts of the environment, sorry, of b, a feed production in floods. New some organizations have advocated, for example, for taking away tax from plump based fluids, which are generally better. So the environment, im putting higher taxes on meat and Dairy Products as an example. But there are worries, but obviously this could have a negative impact on consumers with lower incomes were already struggling as a result of installation. Lets say thats so thats interesting. So we could get, you know, cheaper organic fates and more expensive beneficial results on thanks so much for taking us solstice. That drought is taking a dramatic told one of the most important was the ways the Panama Canal Authority has announced plans to restricts the number and the size of ships passing along the roads. The measures could mean as much as 200000000. 00 of trade is lost. Next year. More than 14000 ships went through this waterway last year. Thats the highest annual number seen in the panama canal in a decade. But that set to change this year and next, due to a drought the, from the survey to evaluate the Current Crisis is unusually severe. Its a good one robin started from now until september, next year. I think we should be operating under very tight restrictions. The drought is the major challenge peculiar feature unique to the panama canal makes it worse. A good look at the major disadvantage. The dependent canal has compared to other maritime routes, is that we operate with crash walker. While the other is use salt water. What do you need . So our model, the panama canal needs rainwater to operate smoothly. A drop in water levels limits the number of bolts that can pass through. That will hit the panamanian economy as the waterway accounts for around 40 percent of its economic activity. And just lastly on the program ready, freddy. Freddy mac uris possessions up for auction in the u. K. About 30000. 00 objects. The guy under the hammer, including the clean front mans royal road and crown, the sense base of the auction is a baby grand piano, which he composed some of queens biggest hits, including the human reps. Its expected to reduce at least 2000000. 00 that funds can see all the lots for free, at surveys in london until september, the se. So from the end of Business Team here in berlin, from o at the data, we dot com slash business, all the data in years issue to take out the business. But we will tell you the visa is more difficult than finding gold hosted to use the dream force and for the future in the stories industries that are being discussed across the country. Are you news african next on dw. So punch and has plenty of space. No ford f 150 lightning is a battery, electric horsepower monster. We take a look under the hood of this giant b. B can live up to its legendary gas powered cousin. Read the 60 minutes w would or sports. The scoring we say they were about never giving up sports flies every weekend on d w. The best as the the news out for guests coming up on the program, come through yet another military coup in west africa. Is that still in the tides . What democrats be in the region, these are expressed Democratic Unity elective president is the latest to the alphabet in the region. Would ask whether the country quoted yes, were times of the pop of the democratic