will crisis ah, a u. s. court has convicted donald trump's former aim, steve bannon, of contempt of congress. bannon was charged for refusing to testify before lawmakers investigating last year's insurrection at the u. s. capital and the law makers investigating the assault on the capital. se, former president donald trump, should be held accountable for gross dereliction of duty for refusing to condemn or stop the violence carried out by his supporters. and you're all up to date to stay with us after a short break. christy. pleasant is here with the amount of cost is increasing every year in many im gonna working on lunch with holiday destinations drowning in plastic white wine and take a look at the causal every

year of the explorer. 1000000 tons of plastic with the other way. after all, the employment isn't to recyclable. make up your own mind. d. w. made for mines. sometimes the best he's just right out at, you know, tv highlights for sure. you read a book every week. snuck them up with ah, a surprise resignation from the ceo of volkswagen cover dease is stepping down 3 years earlier than planned. as the german car maker makes an aggressive shift towards electric vehicles and speaking of electric cars,

twitter earnings tumble amid a fight with eli musk. the social media giant blames the tesla c e o for missing it's financial targets as a battle over a box take over keats up. we'll get more from wall street. and is your, according to many countries. we'll look at how the e was trying to lower its reliance on foreign imports. this is dw business. i'm christy plats and in berlin. in a surprise, move volkswagen boss harold dease will step down at the end of the next month, 3 years ahead of schedule. dease has been leading the car maker since 2018. he'll be replaced by oliver bloom, the current head of v. w subsidiary. portia, in a statement the company said diaz's departure was agreed upon by mutual consent or for more in this i'd like to bring in my colleague aaron, tell them from the business desk now. 7 and this resignation was not expected. why is this choosing to leave now? where you are right? it definitely wasn't expected and it comes at

a slightly inopportune time for v w. but at the same time, it was also telegraphed and you have a d. s. has been kind of in the hot seat for several months now when it comes to v . w. he has clashed in the past with union representatives and labor representatives at the same time. there are increasing problems in b, w software division. and that seems to focus the attention on him in an unfavorable way, which is part of the reason that he is going now. now of course v w is speaking very highly of him, but at the same time, you have to realize that he really was kind of the driving force behind v w transformation towards electric models and electric powered vehicles. and as i've seen before, this is comes up kind of an, an opportune time for v w. i mean, their stated goal is to become the world's leading manufacturer before tesla electric vehicles by 2025. and they're a long way off of that goal. well, they do have some models, they don't enjoy nearly the amount of prestige that other electric vehicle makers enjoy. and d, c has been really kind of driving force behind a transformation for a long time now. and so it's kind of a, it's kind of a left to beat up in

a difficult position for the short term. i think. ok, well you mentioned clash as you also mentioned fans of these. what do you think his legacy is ultimately going to be? what is he going to be remembered for? well, i think it's going to be kind of a split legacy after member. he kind of came on board in 2018 and he was supposed to turn a page from the diesel scandal when v. w was basically was proven that they were manipulating the exhaust values of their vehicles in a criminal fashion. now he kind of was turnover, new page kind of put that era behind them at the same time spearhead this charge. and what you could definitely say he did basically end the diesel scandal to a certain extent. we're not talking about it nearly as much as we used to be. when it comes that transformation or electric vehicles, they're still in the beginning phases of that. so i guess i would say, you know, it's a job half started, but not necessarily completed and you asked me that would be the legacy of these are intel and d w business. thank you. thank you. the german government is stepping in to rescue natural gas. in puerto oni, par german chancellor, olaf shoulds announced

a $15000000000.00 euro bail out for when he per, which was hit hard when flows of gas through the north stream. one pipeline from russia were significantly reduced. the government will take a 30 percent stake in the majority finish own company. the move is to shield only per one of germany's main energy suppliers from the energy crisis and prevent it from collapsing. the german chancellor said any per was important to the countries energy supply. he also promised to shield consumers from surging energy costs, saying private household suffering from price increases would receive financial support. you not be in these depending on how much gas needs to be purchased. that can lead to a price increase of a few cents which is passed on to consumers. and depending on how large the household is, that could have an impact to them. so it could lead to additional costs of $200.00 or $300.00 euros per year for 4 person household also. and if you could give me

a shout, the target cut. twitter has reported a net loss of $270000000.00 and a slight drop in revenue in the 2nd quarter. the social media giant blamed its ongoing battle to close its acquisition deal with teslas the yo yo, ellen musk, but on a positive note twitter is user base is growing. the number of daily users jumped more than 16 percent compared with a year earlier. well for more on this i want to talk to our correspondent young quarter in new york now. yeah. and twitter under shot analysts expectations here. the company is trying to point the blame on you on mosque. how legitimate is this excuse it definitely was a big myth for a twitter with the latest quarterly earnings. and there is no doubt about it. christie, that there is a lot of turmoil going on in the world of twitter and how directly they got

impacted with the legal fighting with math is not so clear. i mean, 1st of all, twitter actually did not hold one of the usual conference calls with analysts. so we are pretty low on details. and then if you look, for example, at the monitor sizable daily active users, that number actually even went up in comparison to the quarter prior. so not everything was a bet. now, early this week we learned that twitter actually got a little victory in court in delaware, so they fast tracked the trial again. that is going to take place in october and actually the stock of twitter pretty much finished the day and checked well, certainly a lot on twitter is playing lately. now we also saw results out from snapshot today and shares absolutely plummeted after those came out. what was turning investors off so much increase either. snap stock dropped like

a rocket down by almost 40 percent. so this was just the performance here on friday . the numbers were pretty bad. the lowest revenue growth in the history of the company, and that is not a good sign overall for the social media industry. we also got share from google or from facebook parent company, alphabet under pressure those companies, by the way, a metal, sorry, metal, their parent company, facebook. so those companies will be out with their earnings report next week. and what we see at this point and probably also is this overall economic environment. we are in a lot of uncertainty and a lot of companies think twice where and how much to spend for at the social media world. more down our pressure for tech companies, young court, i have a great weekend. russia and ukraine have signed a landmark deal to reopen ukraine in black fi ports for grain exports. a food

crisis has gotten worse after vital grains were unable to leave ukraine. as a consequence of the war, world leaders, including the un secretary general, were forced to intervene. some of ukraine's roots for green exports will open again. they were blocked by rushes black sea fleet after the february invasion of ukraine. its good news amid the current food and energy crisis. representatives of both russia and ukraine signed the deal, which is aimed at curbing the green crisis felt across the world. it will bring relief for developing countries on the edge of bankruptcy and the most vulnerable people on the edge of famine. as to love stabilized global food prices, which would already it's record levels even before the war. a total nightmare for developing countries was on the deal signed in a stumble is expected to be fully operational in

a few weeks and would restore green shipments to pre war levels of $5000000.00 tons a month. millions of tens of green are currently stranded in the ports, which has triggered a sharp rise in food prices, turkish precedent ratchet pay up and on said the deal will help prevent famine. the european union relies on the rest of the world for all sorts of imports, raw materials, but also finished products like masks and soil solar panels. but the use future relationship with some of those countries is far from secure and more often than not, and the knobs that country is china. ah love him or hate him. masks are an example of a product that the european union no longer produces, at least until the corona virus came along. since the pandemic europeans have started wondering if they outsource to many key industries. solar energy is another one of those key industries,

especially now as the block is trying to shift away from russian fossil fuels. but the german companies that used to lead the european solar market have long since gone bankrupt to the end of federal subsidies a decade ago. the market will take care of itself. after all, they said, well it did. and now the e was dependent upon china. the motto is the cheaper, the better massage. i think 5, i think we need to ask ourselves if that was the right path ever, ever along the yarn for many years it was well arreola, i'd say the tradeoff was in our favor, have easy yachting pies. we had cheap solar panels that a lot of people could afford and a lot to life and con, we also had she power from russia to an egg eligible slant, because for many years our economic growth, including for many consumers in germany, long was a net positive was, have alpha and large land napoleon, eva, and figure it to sentiment. economist good on voice agrees with, with a caveat. does in the 1st hours is not to listen. aguilar estimate while it's of

course annoying that we don't have any producers in the sector anymore. asset fi and that's because china is distorting the market with its subsidies and state aid, not just in better fats out. and china's roles. a trade partner is problematic for other reasons as well. components for chinese solar panels are producing jang province where many wiggers live. the government suspects the muslim minority of supporting terrorism over a 1000000 of them are currently believe to be enforced labor camps. chinese cotton is often also produced with force labor before it shipped abroad. the european parliament recently voted to been all products produced with force labor in the u. digitalization and artificial intelligence are also a weak spot for the you. china is leading the way for other asian countries there and is already moved well ahead of germany,

just like he was high tech companies did decades ago. it's not just a question of having the right investors. the ear needs more experts as well. oh hm . oh yeah, i think we haven't been attracting the right talents for years now. politics, especially when you look at our immigration policies, as i said, the americans did that. that's. i'm the only candidate my stanford in california aren't just so good because there are so many good americans, national as a good fuss. but because they also attract the best from the entire world in, muncie. people are still key for many key industries. that's our show, have a great weekend. we'll catch you next week. ah, what's making the headlines and what's behind d. w. news africa. this shows that the issues shaping the continents life is slowly getting back to normal. yeah. well, in the street to give you enough reports on the inside. our correspondence is on

the ground reporting from across the continent and all the trend stuff. the mazda you next to d, w, go india. toxic, tied in delhi, z, yamuna river. me from detergent. indian cities have masses through which problems, which are still managed by hand in some places. but help is on the way. who bought this is when the going gets tough, but they might not even be necessary thanks to our gaining detergent, tico india. in 60 minutes on d. w with hello guys, this is the 77 percent the platform for africa. you beat issues and share ideas.

ah, you know, or this channel. we are not afraid to happen delicate topic because population is growing. with young people clearly have the solution, the future with the 77 percent every weekend on d w this is state of the news africa coming up on the program dirty and dangerous. we have a report from the niger delta will forties all cracking down on illegal boiled refining operations and the smallest agriculture that's yielding balance of profit and.