oh, with the rest in peace, you're watching dw news from berlin. i'm pop up on any instant after a short break. rob watts will be here with the business news, and i'll be back again at the top of the next day, or thanks for watching. take care departure to the today this meet flying to a foreign planet. in the 16th century, it meant being a captain and setting sail to discover

a route the world famous sea voyage of ferdinand of magellan. i'd rather erase linked to military interests, a race to political and military facilities, but it was so linked to many financial interests and adventure full of hardships, dangers and death 3 years. and that wouldn't change the world forever. but jillions journey around the world, starting september 7th on d. w. ah, us democrats, hail it as historic inflation reduction act has made it through the senate up for a long bath. oh, but what does it mean for american businesses? we'll hear from our correspondent on wall street. the sun stands ready to help germany ease its energy was, but a lack of infrastructure means the solar cells,

underperforming from sun power to see power here. how a cutting edge ship has taken to waters of norway on entirely on batteries. this is data reversed. nissan reports in berlin, welcome to the program. it's been described as one of the most important u. s. laws this century. now corporate america is digesting the implications of the inflation reduction act passed by the u. s. senate vice president comalla harris cast the deciding vote to see the bill through the $430000000000.00 act aims to ease the impact of storing prices in the u. s. while also cutting emissions and making health care more affordable among the businesses. tatt sets to benefit our electric carmakers bill is expected to pass through the house of representatives before being signed into law by president bite. now the bill contains

a broad list of measures including a new 15 percent minimum corporate tax of one percent tax on stock buybacks. it will funnel billions in climate projects and allows the government negotiate the price as if some prescription drugs for the medicare health program or democratic senators were jubilant. after passing the inflation reduction act. his senate majority leader, jip chuck schumer. after more than a year of hard work, the senate is making history. i am confident the inflation reduction act will endure is one of the defining legislative feats of the 21st century. our bill reduces inflation. lower costs creates millions of good paying jobs and is the boldest climate package in u. s. history. chuck shimmers reaction, but let's get some business reaction from our correspondence at the new york stock exchange and go to you and love to have you on the program. just explain to us how this reduction acts. he's going down and wall street. yeah.

especially in certain industries in certain sectors. we did see a stock price system on the move from on one side. for example, we did not see pharmaceutical companies, some shaking in their boot. that's it. it's probably going to take a couple of years before the government can start to negotiate. the price is for some crib scription a drug, some other effects. you mentioned the industry that's going to probably happen sooner. so you saw a companies like tesla, like caribbean and but also traditional carmakers like general motors so far to are also entering more and more into the business where the stock increased. and then also if you have the producers of solar panels, for example, if you'll tell companies, so all of those were on the rise here in the monday session. and there really is also in this bill is a now you've got to for the climate goes to health care and obviously the reduction

of inflation. but what you're, what are the key takeaways in terms of the impact for american businesses? yeah, i mean to finance the men, as you mentioned, there are 2 texas on the table. one is the one percent tech on share buybacks, and the other is the 50 percent minimum corporate tax. so actually looking at those taxes for corporations that might cut profit, profits off the as m p $500.00 companies by about one percent in the next year. so nothing too major is there. but there is talk that especially if you look at the one percent on a share buyback, that it's not a huge amount in general. and in the long term, you still will be buybacks continuing. but actually some companies might actually do those share buybacks. now, before this tech get into effect, so, so who knows, maybe that might be supporting a year and really here, when a lot of those corporations try to buy big shares before they have to pay for it. and the key question obviously, for americans facing storing prices at the moment,

is whether or not this will actually go any way towards tackling inflation. was the consensus robin deb? i guess it's no coincidence that this act is now called the inflation reduction in x. i mean, this is the scale take words and originally up to $3.00 trillion dollar build better. so still something is better than nothing. but if it's really going to fight inflation in a huge way, at this point remains to be seen. i mean, what are the main drivers for inflation? i mean, this is a gas prices, for example, the housing cost of food prices. and those probably are not going to be that affected by ex, but well, i mean, inflation. that's the big concern for consumers. and also for voters and we have those big mid term elections coming up in full cost always comes down to elections and the at the end of quarter in new york for us. thank you very much. me while

environmentalists so thing developments in the u. s. could increase pressure on the e. u to increase its efforts to combat climate change. throw in the gas prices with russia and the need for european nations to switch to renewables has never seemed more urgent in germany. solar energy is seen as having a bright future, but installing panels is only part of the battle. yes. who's the man is checking on his power plant. he runs an energy conversion business, the a munich, and also owns a sprawling solar power system on the flat roof of a transport company in our, in the german state of bavaria. the sun's been shining on his panels for months now . but looking at recent performance charts, who's a man sees that his power yield remains low. oftentimes, no power flows from his roof to the local energy provider at all. for her, as the windows are active griffiths, while $200.00 days have passed so far,

and we have had our digits more than half the time. and if you look at the proportions, it's on the days with high output that the system is interrupted on days with snow and cloudy skies. the installations work well. the problem, the energy who's among generates flows into power lines run by grid operator energy . but in sunny weather, that power lines are becoming overloaded. then the grid operator cuts off supply from the solar panels. the company says it can't handle that much. is in the surf oil, have i? we realize, and we are pleased that many photovoltaic panels are being built on a scale that we have never seen before. however, affordable time installations need one to 2 years before it can be put into operation. while the grid infrastructure, which has to be set up in parallel takes between 5 and 10 years senior or lack of infrastructure, is hampering germany's attempt to become more energy independent. now look at some

of the other business stories making news. soft bank group has reported the largest quarterly loss ever listed by a japanese company. them lost a total of $23400000000.00 during the 2nd quarter. despite an increase in sales, the value of its stock holdings plunge to share prices on the global market, dropped. vaccine made by on tech has reported a sharp drop in revenues and profit for the 2nd quarter. the german pharmaceutical companies earnings fell 40 percent to around $1700000000.00 euros compared to the same period last year. biotech says it says it delivered few corona virus vaccines during court. usa or safety regulators say boeing can expect approval to resume deliveries of it's 787 dreamliner in the next few days. yeah. kraft maker stopped shipments of its top selling plane in 2021 after it found manufacturing floors,

im sort of its jets and the 1st ship to depart ukraine. exporting corn has been, has been turned away at the port of lebanon. that's after the buyer refused to take the cargo due to the 5 month delay receiving it. the ship, which is carrying over $26000.00 tons of corn, were now wait at sea until another buyer is found on to another big ship. now perhaps a small revolution on the seas in norway, a battery powered cargo vessel has taken to the waves. not only is it fuel free, it's also autonomous that has ramifications for the environment and also for the mariners on board. the yard. the excellent could revolutionize norway's shipping industry. there are no smokestacks blowing exhaust fumes into the air. the engines are powered by batteries. soon, captain thomas fever and his crew won't even be on board. they are our vehicle and we'll drive itself autonomously. here liber programmer, i locked up,

pursuing the software, will take over my function on board. currently, it logs everything i do, and you know how i adjust to propellers or, and what routes i take. as a result and the system learns the framework operational bar for see in the bottom afterward. and one of the holiday inn of what we could put in to ensure safety. captain fever and his colleagues monitor the ship from shore and can intervene to steer at any time. the crew on board is being steadily reduced or sa scott horn to wash my dog over the next 2 years. we will add more autonomy functions and continue to test the technology all before the last 2 navigators, finally disembark turnover for what this innovative form of c transport comes from . fertilizer manufacturer a yara. each trip on the yard at the oakland carries up to $100.00 containers a fertilizer to major ports from their cargo can be shipped broad

yet unsafe cashier at ursula. until recently we transported every single container by truck each year there was around $40000.00 trips. we now have shifted to see transport the ship is electrically powered and will soon even seal without the crew of a lot of the long water gotten no crew accommodation means more space to squeeze on additional containers. it's a benefit for the environment and it eliminates the risk of human error. soon. people like thomas fever will have regular working hours in control center or land, instead of spending months away at sea. all that will be missing the classic seafaring adventure. and as lastly here on the de we a business australian airline quantas is deploying a unique solution for it. staff shortages is asking executive level employees to

help fill the gaps at some efforts, including stepping in as baggage handlers like much of the global airline industry . quantas is struggling to return to regular service. the airline laid off thousands during the pandemic and is having trouble staffing back up amid a tight labor market and winter illness. myself. a man of is the same here in berlin from law to head over to our website data we dot com slash business ross on the data. we'd use youtube channel on facebook as d to wait till next. talk with families, a social network many extracts working in germany, send money to family members in africa. this helps create new jobs there. a gym and development organization wants to harness this cash flow with an

ambitious project. sending cash closer. next on d w. ah, the beginning of a story that moves us and takes us along for the ride. it's all about to perspective culture information. this is dw and d w made from mines. oh please listen carefully.

don't know how with to the goal. ah, feel the magic discover the world around you. subscribe to d w documentary on youtube. b . ah. ah, acura backed up in the capital of dana in west africa. linda is a young gunny woman who dreams of starting her own business here. she wants to open a hair salon, but it won't be easy. some of the money she needs.