right, the biggest splash, so what's his secret? i'm blanking just in front of the board. like many others said try to keep only the heads on them to walter than when they are making lose. so they went under everything from the divorce. however, in my opinion, is better to play. this farm can technique. that's why you went wrong, alan, better luck next time. stay with us after a short break, stephen berkeley will bring you up to date with d, w. and for a company with people in trucks injured, when trying to flee the city center more and more refugees are being turned away as an order families playing on the tags in syria. for these critical news,

we loaded demonstrate people seeing extreme drought ross getting 200 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. w. made for mines ah ah, the surprise for the financial world as china cuts, key lending rates, bridging hopes that can private economy, that still not hitting on all cylinders. after months of intense covered lock downs and fears that new ones are around the corner. also on our show will go to the u. s

. state of iowa, where some farmers have found a new source for much sought after fertilizer globe. welcome to the show. i'm seeing beardsley in berlin. china cut interest rates in a surprise. move on monday. responding to poor than expected economic figures, both industrial production and retail sales in july fell under expectations, raising new concerns about the world's 2nd largest economy. observers say china's intense covered locked downs are still weighing heavily on the country. pony at an ikea story. shanghai as authorities attempt to look stuff and shoppers, his son, had to torches claim a customer, had been in contact with corbett, positive child. an example of china's extreme 0 court looked on policy that anger chinese citizens and weight own economic growth. the harsh measures have so far helped contained the wires and keep that right slow. but they are also disrupted

global supply chains and hit local demand for goods and services. aging blames the global economic environment along with to pandemic. for the hit on it's gonna me and giving get no choice but to trim rights on monday to shore up sagging economic growth. but there are plenty of other problems struggling china. it's more serious, a real estate that crisis forcing some people to pay mortgages on. and even live in, i'm finished apartments as real estate companies struggle to stage a corridor recovery unit without. we have used up all of our savings to buy our progress. we em, which is now being 5 years and we still cannot live in them. we are out of options because corporate in recent years, it's hard to make money or without that are still house and car repayment. so that includes law. china is battling economic troubles on many fronts. but not all of them can be blamed on the global economic and wymond. earlier we spoke with jacob

gunter of the mikado institute for china studies and asked if there were reasons for the re cut beyond just today's figures. yeah they're, they're certainly more than just the macroeconomic factors and, and when you look at this 10 basis points reduction it's, it's, it's quite notable because it's the opposite of what's happening everywhere else on the world. and everyone else is rationing up their rates in china. there are lowering it effectively because they have the opposite problems that we have in the united states. and europe and consumption is incredibly low and weak relative to supply. so they're, they're definitely trying to keep the economy from kind of falling out. i'm a large part because of those swanton investor and consumer confidence is coming as a result of china 0 urban policies. um, as long as it maintains 0 open approach on consumer consumer investor of this, going to be low that you know, they're not,

it's not the people on spending because no birth of the interest rates are too high up there. they're not spending because they're afraid that they might suddenly be locked down in it while you city wide locked down. that we say again and again, that was jacob gunter of the mikado institute for china studies. we have a lot more about china on our d. w, news, youtube channel. our latest business special, in fact, looks at how tensions over taiwan could have a bearing on the chinese economy. our expert guess is alexander gerlach from the carnegie council for ethics and international affairs. again, you can find that show on the d, w. news, youtube channel, or let's koreans corner now in new york yen, just talking there about china, surprisingly, lowering those interest rate cuts. oh, what effect is that had a wall street hub investor? seen this? yes. even actually am by the end of the day and best there's some wall street truck, those weaker numbers, some of and we did not just hit those weaker figures out of china,

but also here in the united states, some from the housing industry of, from the, of the factory area in the greater surrounding sip of new york, we got also weaker figures over there. but on the other side, we did see an oil prices, for example, moving of oil losing by more than 3 percent dropping at below $90.00 per barrel. when it comes to west texas into medias and that is because we have those weaker developments in china. we have the weaker developments also here in the united states. so the biggest economy of the world are some major indexes. there are a wall street ending today. again, with gaines these past few weeks, investors seem to have been a bit more optimistic despite all of this. talk about recession, recession, recession, what's going on? there's even the, the answer is we have recession, recession, but we also have inflation, inflation. and that's basically what we saw in the past couple of faith, especially last week, wednesday, thursday, friday,

inflation numbers that all came in better than expected or not as bad as a fear to him. and so now we have all prizes also moving downward. i mean, if you look what happened to oil result in march at about $230.00 as per barrel now we are beneath $90.00 and gasoline. for example, oil. that is one of the bigger factors when it comes to inflation. so that's what c and positive on wall street. and then also there's a sort of a bad news, good news environment. so if we got some bad economic news, that means it is less likely that we will see a super aggressive move from the federal reserve rented meets next month. or asians quarter walking us through the latest on wall street. thank you. and let's go now to some of the other global business stories making headlines. the u. s. has warned india that it's violating us sanctions. the accusation, an indian ship is said to have picked up oil from a russian tanker on the high seas and brought it to a port in india where it was refined and shipped on to new york brags,

it has exacerbated the united kingdom's labor shortage. that's according to a report by the universities of oxford and lees leads rather worse hit by the end of free freedom move of. excuse me, the end of free movement for e, you citizens was the hospitality sector. according to the report which last, almost $100000.00 jobs, it says filling low pay jobs remain an issue for the u. k. buyer says it will continue supplying russia with a central agricultural inputs, reverse, and course from its previous dance. in march that the company had said that maintaining supplies would depend on russia, stopping its attacks on ukraine. the world's largest seed and pesticide firm said it's move is aimed at quote, helping prevent what could become an unprecedented food crisis. and the un chartered brave commander is set to depart ukraine, fully loaded with wheat. it will be the 1st shipment of food aid to africa since

keith and moscow agreed to a deal brokers by the un and turkey to guarantee safe passages through the black sea. with war and ukraine has put new pressure on fertilizer prices around the world. farmers are now putting new sources to the test are correspond stuff on siemens went to iowa in us to take a look. ah, you may think farmers in the united states should be as happy as can be right now. after all, prices for their products are weight, wheat. corn soybeans takes mill, chicken, and kettle, crop farmers, and cattle ranchers get maximum returns this year, financially speak you so what could possibly be wrong? this year will be tough because of the supply chain challenge is the most problematic supply chain issue for us farmers, the severe shortage of fertilizers,

a lot of the fertilizer that the globe depends upon comes from russia, bella, luce, places that you know, at least the u. s in europe will no longer buy from so that limits the supply of fertilizer around the world that's creating those supply chain challenges for producers. we're meeting one of those producers, iowa cropped farmer, dan, hans. he's working roughly $700.00 acres total. this is considered a small, the big concern is, you know, moving forward in the coming years, is there going to be ah, as, as a situation or a time in which it's not just about pain on the high price, but physically getting in the fertilizer that, that scares a lot of us the massive problems us farmers face in terms of getting their hands on enough, affordable traditional fertilizer has also help this start up in san francisco. mid tricity. the way that her nature does it is lightning strikes the ground and we

have the nitrogen, the air gets fixed into knox effectively. and the rain captures that knocks as nitrates and reins out of the field. so we've containerized that process, but the lightning in a bottle effectively can produce those nitrates, they go up to the field and there's also this natural fertilizers. this is where ape sunquest comes in. st. louis is an entrepreneur in manure, in dung, cow pool, or whatever else. one wants to call this st quiz cells, an enhanced mixture of regular cow poop, with other natural ingredients, like lime city, mulch and chips. i think what's, what's happening right now is with this crisis that we're having, it's an a catapult dis industry. it's going to be anybody that has any sort of renewable of sustainable technology is gonna be gang busters. nearly anybody working in our culture, including local and state governments,

and most experts in the u. s. whole ape suncrest is right. all agree and extend it, or even worse, fertilizer crisis is going to hurt everybody all over the world. all right, all your fertilizer questions answered there. and finally, a small town in slovenia, miss celebrating an important ingredient for beer. the flavor filled hops. the hopper day marks the beginning of the harvest for the intensely flavoured flower slovenia has been celebrating hopper day since. 1962. there's even a hop princess and they hop making elder. whatever that is. the country is one of the world's top 10 largest exporters of hops, making millions each year by selling a harvest to germany, the u. k. and china. all right, here's a reminder of the top business story that we're falling for. you. a surprise move china cut interest rates on monday, responding tube poorer than expected economic figures. both industrial production

and retail sales fell in july under expectations. that's raising new concerns about the world's 2nd largest economy. observers say that china's intense coven locked downs, are still weighing heavily on the country. all right, that's our show. for more about these other stories, you should check us out a line, w dot com slash business. we're also on youtube again under the deed of news channel . i've seen beardsley, thanks for watching. and it looks like a suit case on wheels, but perhaps it's the electric car for the entire world. b, a. c. m. city one. affordable, flexible, uncomplicated,

developed in germany. usable wherever there's a conventional household socket. plug and play red. next on d w. the former president of afghanistan, ahmed cars. i was in an exclusive interview with d. w correspondence. sandra peters, many speaks with him in kabul, where he's under house arrest. so we have to do all we can fight for the fight for 4 children, all in 4 daughters to our interview with homie, cars, i in 60 minutes on d. w. o. 60 years ago,

the international gathering of peace and cooperation becomes the scene of a horrible tragedy. arab terrorists, armed with sub machine guns, went to the headquarters of the israeli team and immediately killed one man. and that this will be the last time i saw in the life or worse fears realized tonight, they're all gone out. i witnesses experienced the terrible events and this the world shouldn't forget the long shuttle. the 1972 olympic massacre start september 3rd on d. w. connection is off we.