in september and at the white house on the morning of j. well, his reminder of our top story must go in here, has signed a deal to resume grain shipments of ukraine, ending a russian blockade of dead sea ports. un secretary general antoinette get headache, held it as a beacon of hope for the world that will ease and international food crisis. you're watching the w news live from berlin, or you can't find much more news analysis and video on a website that is d w dot com. i'm working on bahamas, thanks for watching. take care of. i just go to use this with all say we'll credit you for

a little guy. this is the 77 percent. the platform with you know, on this channel. we're not afraid to talk to young people clearly have the solution, the future the 77 percent. every weekend on d w a ah, a surprise resignation from the ceo of volkswagen, herbert deese, the 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 he a giant blamed the tesla c e o for missing it's financial targets as a battle over a boss 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 hara dease will step down at the end of the next month. 3 years ahead of schedule. d's 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, jesus departure was agreed upon by mutual consent offer more in this i'd like to bring in my colleague and tell them from the business desk now. 7 and this resignation was not expected. why is this choosing to leave now? we're right. 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 t s. has been kind of in the hot seat for several months now when it comes to b. w. he has clash in the past with union representatives and labor representatives at the same time. there are increasing problems in v 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 b, 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, there are stated goals 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 diesel has been really kind of the driving force behind the 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 the 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, spear had this charge and i 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 have started but not necessarily completed. and you asked me that would be the legacy of these are intelligent w business. thank you. thank you. the german government is stepping in to

rescue natural gas in porter. only 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 nordstrom, 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 on a 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 m yup, 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 lamed its ongoing battle to close its acquisition deal with teslas, the yo yo yula must but on a positive note, twitters user base is growing. the number of daily users jumped more than 16 percent compared with a year earlier. well i 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 mac 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 a detailed some. 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 a court in delaware, so they fast tracked the trial again. mustard is going to take place in october and actually the stock of twitter pretty much finished the day unchecked. well certainly a lot on twitter play lately. now we also thought results out from snapshot today and shares absolutely plummeted after those came out what was turning investors off so much equity. the snap stock dropped like

a rock down by almost 40 percent. so this was just a 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 come, 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 in this overall economic environment, we're 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 core to have a great weekend. russia and ukraine has signed

a landmark deal to reopen ukrainian 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 and fuel of fabulous global foot prices, which would already record levels even before the war. a total nightmare for developing countries was longer due to 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 tons of green are currently stranded in the ports which has triggered a sharp rise in food prices. turkish president wretch up to you 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 ease, future relationship with some of those countries is far from secure. and more often that not, and the not that country is china with love em or hate em. masks are an example of a product that the european union no longer produces, at least until the corona virus came along. since have been demick, europeans have started wondering if they outsource to many key industries. solar energy is another one of those key industries,

especially now is 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 you is dependent upon china. the motto is the cheaper, the better lenses. i think 5 if i don't think we need to ask ourselves of that was the right path ever ever long a yahoo for many years it was while arreola had said the trade off was in our favor . a visa yap implies we had cheap solar panels that a lot of people could afford a lot less and con, we also had cheap power from russia to an egg eligible slant. because for many years, our economic growth, by including for many consumers in germany, was a net positive on 5 alpha and large land deposits eva and figure it to sentiment. economist good on voice agrees with, with a caveat with ours is not to listen actually. does it well,

it's of course annoying that we don't have any producers in the sector anymore, duffy, and that's because china is distorting the market with its subsidies and state aid . not just in bet that fats out and china's roles. a trade partner is problematic for other reasons as well. components for chinese solar panels are producing ching 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 u. 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 e 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 associate, the americans did that, that sunday am i kind of the ma stanford and california arches so good because there are so many good americans. national is a good fuss. but because they also attract the best from the entire world a month, people are still key for many key industries. that's our show have a great weekend. we'll catch you next week with them to the point with strong opinions, clear positions, international perspective. russia's war on ukraine was initially seen as a regional conflict,

but it's up ending geo politics as both sides seek new alliances for travel time. is it anything goes provide and put in, find out on to the point. to the point in d, w. it was supposed to be the emperor's place of residence, the whole month, allan palace sicilian holes in potsdam, but these walls have other stories to tell the nazi era, the potsdam conference in the g d. r. have guard this manner. cecilia off the prussian eagle and the soviet red star. in 45 minutes on d. w ah.

is establishing an order? she ging, president of the global powered china. he's part of a whole system which believes his time has come. he relies on an authoritarian system of total surveillance on economic expansion without scruples again and again, provokes and threatens with the military aggression. the chinese president believes that his way is for superior than that of western democracy. china's president, she jane pain starts july 30th on d. w with russia's war on ukraine was initially seen as a regional conflict, but it is having increasingly global repercussions up ending geo politics and sparking tensions far beyond europe. both sides are forging new alliances with.