his assumption of power means he was serv out the rest of the presidential, cham until november 2024. just reminded the top story. we're following for you here today on the w news. italian prime minister maria druggie has resigned. after losing the support of several parties and his coalition government, the president accepted his resignation and asked him to stay on as a caretaker until a new prime minister is in place. there watching dw news live from berlin up next forgot business for you with rob watts on terry martin. thanks. watch. ah ah india, a lender contrast of ambitions of inequality.

75 years ago mahatma gandhi peacefully led the country to independence. what has remained of his vision? where does the world so called the largest democracy stand? where is india headed and this is the moment to unleash on non violent bass. gandhi's legacy starts august 6th on b. w. aah . flows return to nord stream, one european importers. breathe a sigh of relief, but with reduce volumes of russian gas surging down the pipeline. it's by no means businesses usual. and the european central bank is expected to high interest rate

for the 1st time over a decade. but the big question is, why, how much is the state of your business on robots in berlin? welcome to the program. gas is flowing again. brushes gas from has resumed deliveries down the nord stream, one pipeline, to germany, following a maintenance period raised concerns of a full stoppage flows continued at 40 percent of the pipelines capacity. exactly where they were when gas from began share with maintenance. 10 days ago. he warned russia might use the annual repairs as a pretext to shut off deliveries altogether. member states want to end russian fossil fuel imports next year, but in the meantime, remain heavily reliant on the countries natural gas. the amount of gas coming through no stream one is critical because the e u is a racing to fill it's gas resist before the winter on average reserves across the continent. more than 60 percent full,

but check out the differences. poland and portugal here are nearly talked of, but the blocks largest economy. germany is only around 65 percent fall alongside france and italy, bulgarian croatia. meanwhile hanging around 37 percent. so these goal is to have member reserves at 80 percent full by the 1st of november as temperatures really began to drop 7 countries like germany, the return of the node stream one pipeline is simply good news that helps bring them closer to that 80 percent figure the question now is how much gas will keep coming, or if it could still end up being cut off with together? well, let's discuss developments over nord stream one with our correspondent benjamin our as gruber who is in lou. mean for is where the pipeline arrives in germany and will also be hearing from our for to yury rochette so who can give us the russian

perspective from neighboring laugh, benjamin and jury. are you both that well, let's start with benjamin. there will be a lot of relief in europe when this morning there isn't a relief, but every one knows that this is not a long term solution that russia might even reduce the amount of gas that it's now sending. we have the estimates that we it will be around 3040 percent. so quite similar to the figure that we have before this manual m maintenance that happens every year. so germany of the german government does quite confident even though this is good news. now they have to find alternative at partnerships for energy to leave em brushing gas and russian oil in the near future. that's what they are planning. like i have been doing this last week and it has shown just how vulnerable the supplies from russia can be to europe. is that something that the ear is taking heed of

european commission president was a funder line saying that you country should scrap air what the use of gas by 15 percent, of course foot for not every european country. it is very easy. we have some countries like germany, like the czech republic that are highly dependent of gas, if for their gas reserves. now in germany, the, the gas reserves are around 65 percent. they won't, of course, get this number high ahead of the winter months. those are the months that authorities are really worried about to see what can be down there if the industry, for example, will needs a to lower the level of gas that they can use now. but they need european solidarity. that's where they in german economy, minutes and less chance of all that have said repeatedly visiting several european countries and to find this other energy partnerships that could be whipped by katara for example by the u. s. with these alan g. so the liquid and natural gas terminals could be operating here, look nene in

a few months. there is still this overhanging fair. russia might choose to stop supplying the e altogether with gas, was her idea to have the sort of impact that that might have for the european union . it would be a very, very big impact. and that's the big problem. and that's the criticism also in germany, that is so highly dependent on oil, on gas, and that's now desperate to get this north, june 1, a back working again. there was also this controversial in decision, no pressure by the european union to get a tub. and there was in canada that was undergoing maintenance there and fell under the sanctions of the european commission to be then sent back to germany. it's on its way now. and then we'll continue to russia with russia saying that it was due to technical issues that they reduce the flow of gas on this north stream. one pipeline with germany and

a will that have ac saying that russia often uses technical issues to take this political decisions, calling it a political maintenance and not a maintenance due to technical problems. ok, benjamin alvarez, grava in lieu mean for us where the noise stream on pipeline arrives in germany. thank you very much for bringing us that update. now that saddie from germany that we've just had. another thing is happening in germany, as of course, that still pretty importers are thinking about what is going to happen if they do start to lose their supplies of russian gas we've been hearing from to some crop, which is of course, one of the best known, stale companies around the world that company, of course, needs a great amount of gas to power. it's furnaces if russia were to further restrict supplies of the fuel to europe, the company could have a major problem. ah, it's about $1200.00 degrees inside the forging furnaces.

still maker tessin group needs natural gas and a lot of it for the 50 furnace as it operates endorsement, it needs as much as 6000 households. so far that hasn't been a problem. but as the war in ukraine continues into a 6 month and gas becomes more of a hot button issue, plant manager, thomas light is worried about having his gut supplies cut off. and he has a folder that would be a huge disaster for us. even though we have a unique product, we need a certain volume of orders. if we don't have that volume, then we have a problem. and that could be a problem for customers too, because only a few companies in the world can roll feel, rings to more than an 8 meter diameter. the extra large steel rings are urgently required for wind turbines. tis and group produces around $15000.00 of these rains

here every month. the company can reduce gas consumption in many parts of its operations, but not really here at the forge. that would be a long way we can cut down on our gas consumption is by cutting production. it's a question of survival and industrial plant crisscrossed with gas pipelines could soon become an industrial ruin. the still producer is still receiving gas from current long term contracts at the usual low prices, but soon to some group won't be able to afford gas because it will be too expensive . the momentum got by the moment that the gas shortage, we assume our contracts are in danger, right? this means that we have to cover our needs by a gas from the spot market from then on the book. and then the big question is at what cost? target to making life the still maker has prepared for various crisis situations. if it has to make do with half of the gas,

it used to be for the emergency operations can still continue. but when the supply hits less than half, it will have to shut down. the still furnace is staying here in europe, and the european central bank is set to raise it's fixed interest rate for the 1st time in over a decade. the much anticipated move aims to tame record rates of inflation across the euro's own caused by the war in ukraine. of course, the fallout from the pandemic. the question is, how much the c b will boost rates by will be the last major central bank to raise them this year? at the beginning of 2022 borrowing rates were largely at the same level in the e, u, and the u. s. but since then, the u. s. federal reserve has increased them 3 times and an efforts to fight record inflation as well. the 1st was in march, which came just after russia's invasion of ukraine, but the c, b, me more captured 0 percent. borrowing a negative interest rate on bank deposits. the federal reserve then made

a further 2 hikes in may and june, to not point them 5 and 1.5 percent, while the c b once again, catch it all on hold. so 2 very different approaches from the central bank. let's cross to our financial correspondent in frankfurt. asher tosh, pandey, and talk a little bit more about this ashed of say, how much pressure has e c. b been under 2 increased rapes? well, tremendous. a tremendous pressure. and i, i can bet your rod that he wouldn't want to be increasing regard shoes at this point in time. i got to understand, and you mentioned that, that most of the central banks are the peers of easy be, have already raise the rates. and if sir they raised at 3 or 4 times on an average, including the federal reserve, which went ahead with $75.00 basis point a mammoth height, i just last month. and it might just do again a 75 basis points. so clearly,

i mean, the inflation is at record high. this is, it is a territory that easy be as never experience. and it is certainly going to actually, it will have to remain aggressive if it has to bring down this inflation. because even at this level it, it's a policy is really accommodated but there are challenges that still lie. i had the cbi in it's fights to bring down inflation. what are those challenges? what blendy challenges? so 1st of all, we don't know what the outlook for energy going to be like with the gas keep flowing from russia or not. that's going to be a big challenge then a weak euro that's going to add on of dreshaun inflation numbers, because there's going to make imports even more expensive. the looming recession, that's going to certainly curtis is if his ability to fight aggressively rising prices. that's going to be a bigger charlie's then there is this debt turmoil in the week. i can our economies

of the euro zone i bought in cost. could just go through the roof in those countries. and that's going to be a headache for the e. c. b and, and the problems of only become much more complicated or with this political turmoil going on in italy a cache or touch, pound a in frankfurt forest where the cb makes its decisions. thank you very much. and just finally, a british staple is coming on the new fresh air fish and chips are getting more expensive thanks to a new terrorist on russian sea food. the u. k. government is slapping a 35 percent tax on russian white fish on tuesday in response to the war in ukraine . why fish is a big import for many fish and chips, suppliers, shops were already hiking prices to, to supply problems. that's all for me and the business seem handbell. and if you do want them all from us to head over to our website data dot com slash

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