we're making was under as you from the bar. however, in my opinion is better to play. it's fine to, to keep that's what you went from and better luck next time. method for me on the new scene, i don't go away, stay with us. dw business is up next with steven bits the i'm gab office from me and the news team. i spoke with listening place of long the mediterranean sea, its waters connect people of many cultures seen of almost rock enter

far abdul karim drift along with exploring modern lifestyles and mediterranean, where it has history left its traces, meeting people hearing their dreams, mediterranean journey. this week 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 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 blood. 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 a corporate positive child. an example of china's extreme 0 korea 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 also disrupted global supply chains and hit local demand for goods and services. majoring blames the global economic environment along with the pandemic for the hit

on it's gonna me and giving it 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 products. 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 coupla, 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 is certainly more than just the macroeconomic factors um and, and when you look at this 10 basis points or a 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 rushing up their rates and try another, they're lowering it effectively because they have the opposite problems that we have in the united states. and europe on 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. um, in large part because of those swanton investor and consumer confidence is coming as a result of china's euro. coven 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, but the interest rates are too high up there. they're not study be to serve freight, they might suddenly be locked down in it. was you city wide lockdown that we sent

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 fairs. again, you can find that show on the dw news youtube channel, or let's koreans quarter now in new york. yes. 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 m of by the end of the day, investors on wall street trucks, those weaker numbers, some off. and we did not just hit those weaker figures out of china, but also here in the united states and 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 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. a wall street ending today again with gains 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 all prizes also moving downward. i mean, if you look what happened to oil resort in march at about $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, radians 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 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 seat 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 said to depart ukraine, fully loaded with wheat. it will be the 1st shipment of food a to africa since heave 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 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. so it takes mill, chicken and kettle, crop farmers, and 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, luce, places that you know 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 crop 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 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 fertilizers has also help this start up in san francisco. mid tricity. the way that that nature does, it is lightning strikes the ground and we have the nitrogen, the air gets fixed into knox effectively. and the rein captures that knocks as

nitrates and ranges 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 abe sunquest comes in. st. louis is an entrepreneur in manure, in dung, cow pool, or whatever else one wants to call this sand quiz, sells an enhanced mixture of regular cow, proved 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 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 with the intensely flavoured flour. sylvania 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 export of hops, making millions each year by selling a harvest to germany. the u. k. and china all right, here's a reminder, the top business story that we're following for you. a surprise move china cut interest rates on monday, responding to 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 online, 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 the former president of afghan is dan. i made cars i in an exclusive interview. d. w correspondence. sandra peters, me 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 and 4 doctors to our interview with tommy cars. i next

on d. w. and what's going on here with who do they think they are? good questions. you can find the answers here. all the games, whole, the goals. the point is the highlights. being 60 minutes on dw blue. a bo, this is 2021 afghan, a stuff. the taliban take power and humanitarian catastrophe begins. women are violently oppressed, abject poverty becomes everyday reality. how do people in afghanistan live today?

in science report? background stories on all platforms. wilson by d. w. enjoying the view. then come take a look at this tv highlights every week in your in box, subscribe. now with, oh, we're here at the residency of former president jaime cars. i in what used to be known as the green zone. when u. s. a. nato forces were still fighting in this country. we are in the heart of cowboy and mister cars, i still consider to be one of the most influential voices in the country. and we are here to ask him how he feels about the situation in afghanistan, one year after the tale bonds returned to power. mister cars, i thank.