riley's a dig violence, disrupted the announcements, and several election officials to say they will contest the results. you will change d w. use state with this dw business with steven bits me up next after a short break. and i'll be back at the top of the hour with more news in the meantime, there's always the website, the www. dots. com. i'm will out. sika, thanks for watching. departure. to the today, this meets flying to a foreign planet. in the 16th century, it meant being a captain and setting sale to discover a route the world famous c. voyage of ferdinand magellan. i'd rather

erase linked to military interests, erase linked to political and military prestige, but also linked to many financial interests and adventure full of hardships, dangers and death 3 years. and that will change the world forever. but jillions journey around the world, starting september 7th on d, w. 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 coven locked 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. blood. welcome to the show. i'm

seeing beardsley in berlin. china cut interest rates in a surprise, move on monday, responding to poor that 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 coven locked downs are still weighing heavily on the country. panting 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 contain 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. juliana. today 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 quito china is battling economic troubles on many fronts. but not all of them can be blamed on the global economic and wider meant. 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, there, there certainly are 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. everyone else is rationing up their rates in china. they're, they're lowering it effectively because they have the opposite problems that we have in the united states. and europe. 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 in large part because of those swanton better 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 confidence going to be low that, you know, they're not, it's not the people on spending because, ah, you know, the, the interest rates are too high up there. they're not study because they're afraid

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, go locked from the carnegie council for ethics and international fairs. again, you can find that show on the dw news youtube channel, our las koreans court 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? is even actually m of by the end of the day and messrs on wall street trucks, those weaker numbers. some of them had, we did not just hit those weaker figures out of china, but also here in the united states. them from the housing industry of from the,

of the factory area in the greater surrounding some of the 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 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 wall street ending today again with gaines these past few weeks. investors seem to have been a bit more optimistic despite all 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, and inflation numbers that all came in better than expected or not as bad as a fear to him. and so now we have oh prize. it's also moving downward. i mean,

if you look what happened to oil result in march at about a $130.00 as per barrel now we are beneath $90.00 and the gasoline. for example, oil, that is one of the bigger factors when it comes to inflation. so that's what seen 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 feeling low pay jobs remain an issue for the u. k. buyer says it will continue supplying russia with a central agricultural input, reversing 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 its move is aimed at quote, helping prevent what could become an unprecedented food crisis. and the un charter brave commander is set to depart ukraine, fully loaded with wheat. it'll be the 1st shipment of food a to africa since keith and moscow agreed to a deal brokered 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. our correspondence stuff on siemens went to iowa. and you, 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 up way wheat corn. so he takes mill, chicken and kettle crop farmers, then cattle ranchers get maximum returns this year, financially speaking. 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 roost

places that you know least the u. s. in europe will no longer buy from so that. ringback 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 crop former den. hence, 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 as, as a situation or a time in which it's not just about pain, a high price, but physically getting the fertilizer on that, that scares a lot of us the massive problems us farmers face in terms of getting their hands on enough, the fordable, traditional fertilizer has also helped this start up in san francisco. interested. the way that nature does it is lightning strikes the ground and we have the,

the nitrogen, the air gets fixed into knox effectively. and the rain captures that knocks as nitrates and ranges out of the field. so we've containerized that process, but the lighting in a bottle effectively get produced, those nitrates that go out to the field. and there's also this natural fertilizers . this is where ape sunquest comes to send quiz is an entrepreneur in manure in dung, cow pool, or whatever else one wants to call this sand quiz cells, an enhanced mixture of regular cow poop with other natural ingredients, like lime city mulch and chips. i think i was what's happening right now is with this crisis that we're having, it's an a catapult this industry. it's going to be anybody that has any sort of renewable 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 is celebrating an important ingredient for beer. the flavor filled hops. the hopper day marks the beginning of the harvest for the intensely flavored flower slovenia has been celebrating hopper days 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 or his reminder of the top business story that we're following 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. right, that's our show. for more about these other stories. you should check us out online . d, w dot com slash business. we're also on youtube again under the deed of news channel . i've seen beardsley, thanks for watching. a chronicle of a disaster. august 1 year ago. the totally mind advanced into the f and capital international troops leave the country pen overview of decades of reconstruction work is lost. what really happened in the fall of

cali? close up. next on d w o for dickey, he lived with the coal for his murder. salman rushdie is now nearly as survived in it. 2 years ago in an interview, he told us, living in a story about sugar is with our literature song. including from these minutes on d w. ah ah, we're all good to go beyond the obvious well, as we take on the world 8 our, i do all the fans,

we're all about the stories that matter to you. whatever it takes, 5, policeman follow with your we are your is actually on fire made for mines with o afghan has done august 2021. this documentary unravels the dramatic end of a state hearing from people who experienced it up close with the taliban are season.