hey, i'm chris kolber. welcome to the russia is cutting supplies of gas to the west. and governments are scrambling to find ways to save energy and fight alternative sources as well. europe has been reducing its reliance on gas from russia following the invasion of ukraine in february, but it's causing major fuel procurement, headaches, the head of japan's electricity. the lease federation says he's worried about the disruption and liquefied natural gas from russia's shock and to during the summer demand season, france has not received any natural gas from national via pipeline since the mid of june, june 15th, to be resized by italy's any says it will receive only half of the gas supply volumes. it has required from russia gas from now made these attempts by russia to increase pressure and european countries. so lowering gas deliveries, germany,

vice chancellor and economy. mr. robert hardwick has been calling for the countries residents to save energy. take a listen just by shows. it was excellent from howard gas reserves are 56 percent and that is the problem. you have all my mandate can we can start winter with our tanks at 56 percent. let us conserve energy. now let us conserve gas so that we can be as independent as possible that my call to businesses as well as citizens. if we can't fill up our storage tanks, we might have to take further steps and regulate energy by law. and so i'm sponsor, not because that's the shawnee mission. so with the west looking for alternatives to russian gas, russia itself needs to re think it's economic model. this was the message from the head of russia central bank at the st. petersburg economic form which is currently underway. attendance at the annual business event is denise liz western

countries absent due to the war ukraine even so there was plenty to discuss moscow's rupture with the west looms over this year's forum. large firms are noticeably absent from st. petersburg organizers, meanwhile, are leaning in their motto, this year, a new world new possibilities. the reality is gloomier western sanctions are hitting everything from foreign reserves to material supplies critical for manufacturing, the head of russia, central bank, althea not be lena expects the rift to be permanent. and she pleaded for nothing less than an overhaul of russia's economies to go by your mac can with your babies vicious. let's english hellish. the it's, but it is that, that, that is always been believe that export is our intrinsic value that we need to revisit. and finally, think about the fact that a significant part of production should work for the domestic market. was a greater degree of processing, more creation of final products. now can you ship adults rushes message here?

not only is there no turning back from the economic breach with the west, but that moscow too has levers that it can pull with gas deliveries. for example, you know, i, yes, of course, gas problem is reducing the volume of gas applies to europe. the little mini here say india and china can replace ties with the west. it's an outlook that economists outside of st. petersburg say isn't so self evident. it is the golf now and a bitter showdown between the established pga tour and an upstart serious backed by saudi arabia, which is putting up $25000000.00 in prize money for each of its $8.00 tournaments. the cash is attracting big names of the game, but the actions have also polarized many in the professional golf community. green is a coveted color for the world's top golfers. so it's like 3 times master's champion . phil mickelson. now,

summer being accused of thinking only of green mickelson dust and johnson bryce in de sham bo, and 14 other professional golfers received a multi $1000000.00 siding fees to playing a live golf series that started last weekend. johnson received 150000000. mickelson is reported to be earning 200000000. so i feel good about that. i feel good about the efforts i put in to try to get back to the game golf as well as a tour. and i'm excited about the opportunity that live golf presents for me and the game a golf going forward. again, the giant payouts are small consideration for the live golf series. hopefully it's backed by saudi arabia's public investment fund, which is chaired by mohammed been solomon. the country's crown prince,

but the money is a windfall for the golfers. the pga tour says saudi arabia is using golf to divert attention from its shoddy human rights reputation. those who have accepted the offer, say it expand the sport. whether they're thinking of the long game or digging themselves in a hole is unclear. oh, for more on this controversial live tour, i'm now joined by karen mcguire who specializes in the financial aspects of sport. welcome to w. karen, what does saudi arabia get out of this? is it a sound investment or just a vanity project of the conference? i think saudi arabia would say that they're getting something completely different in the sense that the country wants greater exposure. it wants to present itself as an alternative to the likes of hire and do buy as a tourism center. it also wants to become

a hub in respect to world sports. so we've seen attempts in respect all big, big for me to one tournament is taking place. we've had tennis, we've had even the spanish, super cup and boxing matches taking place in saudi. and it has the benefit to being able to pay the top dollar to attract those people. so saudi arabia would claim that it's not a fantasy project. and the critics would say that it's purely being motivated by money. and also accusations in respect to sports, watching how risky is this venture? we saw a recent, i've started league and football cause problems in that sport. well, i don't think that will be a problem for the, the participants. they have been guaranteed huge sums of money. many of the participants are not in the top 10 or 20 gulf is of the world. so it does, it does give them guaranteed revenue flows from the, the backers point of view,

saudi arabia, the p, i, the, the public investment bond does have significant resources. so even if the project loses money, it can certainly absorb those losses, especially with, with gasoline prices and an oil prices being red cord levels. the world of professional golf is usually pretty calm. what financial impact this this new tournament going to have on the competing pga tour? i think there's the as far as the pga tour is concerned, we might see some tweaking. we might see a rib revision of the way that money is distributed. but as far as the majors are concerned, they are huge. still huge draws both in terms of matched a ticket, sales, commercial environment, and broadcasting rights. so i don't anticipate any significant changes as far as victories concerned. there might be some pressure on the tool to individual players

to, to try to maintain the relationship and not to separate the ties by care. mcguire, thank you very much for your insights and out to some of the other global business stories making news pictures forum north korean state broadcasts are k r t show families getting medicines after an outbreak of an ident. uninventive, fide intestinal illness epidemic was on top of the coven. 19 crisis, also affecting the country. south korea believes it's a color, a typhoid outbreak in north korea's ki agricultural region condoms, fear it could worse and the chronic food shortage in the country. the water organization has agreed the 1st change to global trading rules and years after what were described as roller coaster talks. the w t o struck a deal to limit over fishing, broad and production. a coven, 900 vaccines in the developing world, improve food security and reform. the 27 year old trade body. mcdonalds

has to fork of $1200000000.00 euros to settle a case of tax fraud. the fast food chain must pay france after investigators terminated, reportedly artificially lowered profits in the country. mcdonald's was also found to have hidden profits in neighboring luxembourg, which has lower taxes. beauty company, revlon has filed for bankruptcy after 90 years and the business cited supply chain issues, surgeon costs and heavy debt. the new york based business says that expects to receive $575000000.00 and financing allowing it to continue its day to day operations. as was only 1.4 percent of japanese say they've ever tried marijuana, which might not be that surprising as the drug is legal there and drug users are generally shunned by society. but times of changing as more and more people are

embracing the products which contain canada, all or cbd, and a petition to the launch to the government to be more lenient. ah, a small club in tow kill. it's packed. there's dancing and torquing, and rigging music. and there's a sweet smell in the air, but when they're smoking isn't illegal, murray, wanna that would have star consequences in a country with a 0 tolerance drug policy. instead, that joints contain cannot be d, o, or cbd. the non intoxicating component of cannabis that's long been embraced around the world. youtube arose, k is hopeful that her country can be more open minded to i want to more like why we have the like, why do you think like it ladder or even though you're never experience,

i know i like and i wanna read a word am a feeling right now, because with my un, murray, one a culture is one aspect. business is another japan, cbd industry had an estimated value of only $3000000.00 in 2015. it's expected to grow to $2000000000.00 by 2024. partially due to japan's aging population, looking for remedies how many global deductible buy in the u. s. grant pausing grandma's and normal university stood smoke marijuana. but it's something that's unsinkable in japan. the overriding opinion is that marijuana is it dangerous drugs backwards? the media very then with the japanese government is currently discussing approving medicines, derived from marianna for use in pain relief,

or to treat epilepsy and some mental health problems. and the reps of our show for now, of course there's more on the web side at d, w dot com slash business, and on the d w's. youtube channel. worth checking out both. my name's chris, of course. thanks for watching. have yourself a great with a, with a

killer heat waves are hitting record in india. but a community seems to have found a solution based on early morning. how effective and can it be implemented in lower income countries? eco, india. in 90 minutes on d w. degrees tina has sex phone operator or her master's thesis on the potato railing to read a turn on. well, it gets more would that there was from there, you don't you literature list german must read. amendment so many portions of love, us her in the world right now. climate change the very hard to story. this is life less the way form just one week. how much wife can really get

we still have time to go. i'm going on with his subscriber or more with welcome to the dark side. where intelligence agencies are pulling the strings. were organized crime rules. were conglomerates make their own laws? we shed light on the opaque worlds whose behind the benefits and why are they a threat to what's all opaque world this week on d w

ah, ah, this is d w. news ally from berlin. russia pounds should each in eastern ukraine regional governor says many are killed by shelling in this. each ukrainian forces are battling to hold off the russian onslaught. also coming up the u back ukraine's european greek. russell's recommends granting keep candidate status, but the plan needs approval from all member states. and the u. k. government says julian assange can be.