that are not only fun to ride, but which also have their make us keep their business spirit intact amid the woman ukraine. i'm 1st colbert. relent. welcome to the program. there's a huge sigh of relief in europe and the west following french president emanuel microns victory over the far right candidate marine la penn policy makers and investors can now count on a continuation of frances work was in the global community. europe. second largest economy still has major challenges. resident crowns. previous economic reforms, attempts, changes to france is labor law and official retirement age were met with violent protests by the so called yellow vest movement. all right, let's get some reactions. so here from germany from clemens foose, he is the head of germany's e for economic research institutes. a good to have you back on the show clemens. let's take a look at the french economy here with inflation rising. purchasing power has

evolved as the dominating theme during the election campaign and france. what do you expect the president to do? i think that the president will continue to be under pressure to handout goodies, to offer relief to various groups of the population. and that is a problem because the country is so highly indebted, and in the current situation, it is very difficult to react to rising fuel prices to rise in inflation in general and maintain purchasing power. the problem is that this is mostly imported inflation. energy prices are rising, food prices are rising, the prices of important commodities are rising. and the only thing the french government can do is yes, cut taxes for the population to damp on this price increased. but that will drive up public debts. it will drive a public that in

a situation while public debt is already very high. as a consequence of the corona crisis and tax revenue was faltering due to the stood it's with the bad economy. so it's the problem at the same time stabilizing demand in a situation with high inflation makes inflation was in a way. so this is a tricky situation. a man, i'm a chrome will also continue to apply himself as someone trying to stop the war in ukraine. of course, no fighting is far from over in ukraine, yet business confidence in germany has been up surprisingly what's behind that? we shouldn't forget that business confidence kilometer last month. and what we have now is a stabilisation, i would say not much more. and what we see here is a mixed bag. in fact though, there is some stabilize ation and some improvement in the manufacturing sector, which was of course, most affected by the outbreak of the war by rising energy prices. at the same time,

we get very mix news from other sectors. the, the best news comes from services because the opening of the economy, the relaxation of the corona pandemic situation improvement of the situation that helps a little but in other sectors, in particular, in construction companies are telling us that the business, the business outlook is bad. so i would say it's a civilization at a low level, but still a project situation. clemons, host of the economic research institute of munich. as always, thank you. thank you. there is not enough support among you member states for a complete embargo or punitive terrorist on russian oil and gas that is according to the blog, soft top diplomat is up. ralph spoke to german daily, developed many rhythm you have called for an end to oil payments,

arguing that they effectively finance russel's war and ukraine and could be used to force an end because the europe, central bank has also been warning of a european boycott of russian all and gas here is the to be president christine lavarne. if we were to take abrupt measures that would induce an increase of the price of oil or gas around the world from which the russians would eventually benefit, then that would not be the right policy. move so we have to do it in sufficiently smart and subtle away so that we actually achieve the goal that we have which is to reduce the financing the head of the c v christine regard. speaking there now for the 7th year and her old countries around the world has spent record sums of money on weapons, even before russia's war in ukraine started. that's according to the stock home international piece, research institute. total global mil,

very expenditures for the 1st time exceeded 2 trillion dollars last year and increase of point 7 percent from the year before the biggest spenders were the united states. china india, the u. k. russia, france, as you see there, india as well and germany. now together, they account for about 2 thirds of global military expenditure. china's military spending group for the 27th consecutive year and with many countries propping up their defense amid russia invasion of ukraine, military expenditures are likely to rise further. that's why i asked alexandra mark steiner, of the start call international peace research institute. if we were in the middle of a new global arms race, it's always a bit difficult to judge based on just the numbers that we are the new record high in global or expenditure. 20212021. we reached over $2.00

trillion dollars, whether or not that are expected, but we were definitely observing, continue with increasing tra, what is your forecast for the coming years? how will the war in ukraine boost military expenditure? so shortly after russia launched its invasion against your brain, you know, there were being announcements made every, every couple of hours. the governments intended to further increase a name. you know, we saw that in germany and we saw it in sweden, romania, poland. there's also a good chance that the u. s. congress will further boost. i'm spending beyond what the bite and ministration question. so, you know, we see that this trend will probably continue for some time. now obviously you are with a piece research institution, but

a mid rush has aggression in ukraine and fears of neighboring countries that moscow wants to receive and further isn't increased military spending a good thing at this point of time? well, i think, yeah, you know, everyone kind of has to find that for them. so on the one hand, you know, it's true that roughly ukraine really i did shadow that european security order perceptions are now and i'm all, i'm, i would think it's understandable that many people are calling for increased military spending. but on the other hand, you know, you always have to consider every money spent on the military is you know, a dollar or euro that's not be spent on education, health care, social programs, economic relief, and sending. so that's up to every country like brazil, that is, that is a given if a country ops its military spending, the money is lacking elsewhere. well, i mean, it also depends on how,

how the funding is finance re, you know, governments can raise taxes that they can take out loans. they can, they can make cuts elsewhere. but in principle, you know, we talk about a trade off the military and other funding and etc, do higher military expenditures immediately mean more guns and rockets. i mean, where exactly is the money going? so military is the name doesn't automatically mean procurement spending, right? there are other types of spending you need to pay the salaries of troops. you need to buy fuel for your tanks. so you know, procurement is only a part of it, but we are seeing that many of these announce increases are very much focused on, on military or german, as well as research and development exams are mark steiner of the stockholm international piece research institute. thank you for your time. thank you. it is

off to the west coast of the united states now where an e bike business has been setting up shop. the bikes have been lauded for being top of the line, but there is more of the story. because the makers of the bikes, the stem from ukraine, and with some colleagues working from bomb shelters, the founders are not trying to navigate the war and how to keep their business spirit intact. w's warrant. emerett reports across the street from one of southern california, the biggest oil refineries sits e ride. one of the areas stop destination for all things electric and more. one unique set of wheels that catches the eye is this one, the dell fast top 3.0, e bike, cancel the manager at this iran bike store is full of praise for it. he does this, it's made by a team of ukrainians. they walked in and there was the most arranged bike you have and now is this one? hello. okay, that's cool. it took me outside and show me what they had. and i was

a jesus 200 miles range and 50 miles per hour. and i test road it had to and i told my boss he, oh the you, we have to get to the bike here. and so they did in 2021. the 1st ukrainian adventure bike made it sweet, the u. s. market. and this is del fast or part of it. the company found a new address in tampa city in eli county, c. e. o. daniel and marketing executive. andre, run the company from this home, turned headquarters, their bike sell like hot cakes, but it hasn't been business as usual for dell fest with a team of 35 and some still in ukraine. this has taken a door on the c e o. one of our team members, your name is daria. she lives in harkey city, and her kiff is almost demolished by russian bombs when we have for our weekly room was every one. i can see a concrete walls around her because she's in the basement in the underground garage

. i can see a concrete staircase above your head and i can hear a siren. the city is being bombed, been currently working from bomb shelters and under extreme circumstances, redeemed managed to engineer a new model of their top selling bike with an enhanced design. the feeling that we are together and that we are continue working on. give sir, this unity feeling, daniel and the da fast team i determined to become a big claire in the baked business. and continue to help those back home in ukraine . and his reminder of the top story we are following for you at this hour, a man, alma kron fast secured, his 2nd term as french president, even as voters voice concerns over the state of the french economy, including the cost of living and mr. farms handling of the koran cars.

it's a show for now for more checkout website. that's d, w dot com slash business. and of course the detail the news youtube channel. i'm chris kolber on berlin. thanks for watching. every self a successful with a

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ah, ah, this is dw news live from berlin, no less south in the fighting in ukraine. the national rail service says russian missiles have hit several stations in a coordinated attack. just hours earlier, top us officials traveled by trying to keep, to announce extra funding from washington to buy more weapons. also coming up the head of the un starts a whistle stop for aimed at securing peace that ukraine's leader.