reminder of the top story we're following for you at this hour. the runner up in kenya's presidential election has confirmed, he will contest the results. rayleigh oden gun says the chair of the electoral commission acted illegally in declaring william roto, the winner. 4 of 7 electoral commissioners opposed the results of that you're all up to date. my colleague stephen beardsley is up next with all the latest headlines from the world of business. make sure to stay tuned for that. i'm the cough relation for me and the entire team in the newsroom. thank you so much for your company today. we got some hot tips for your bucket list. romantic corner check hot spot for food, and some great cultural memorials to boot d w. travel off we go with this

issue. when i arrived here, i slept with a sick of people in a room as a 9th in it was harsh. fair. i even got white hair is learning the gym, my language. hello. this kid to me a great opportunity to interact with you want to know their story, the migrants verifying and reliable information for migrant. ah, german industry sound, the alarm over water levels in the rind, steel and chemical producers, fear they may have to stop some production as the key waterway approaches record. los, also on our show, europe's he waves are also posing major problems for france, which is drug to keep its nuclear plants running. and 45 years after his death,

the king, his poise for a royally lucrative year. we'll look at how music and literary icons keep earning well after death. welcome to the show. i'm from beardsley in berlin. the german industries are bracing for the river right to become a navigable in parts as water levels remain near record. lowes and official with the german federation of industries worn tuesday that it was, quote, only a matter of time before chemical and steal production would be forced to shut down . the peg of the choke point of kalb between mines and co blitz was the reference level reference water level rather of 33 centimeters tuesday evening. the ride is a major route for goods to reach the north sea. a correspond, it matters. freshman was on a coal barge on the rhine to day. and soon as this we have to understand the rhine is the most important german waterway for shipping. and they are still carrying

coal, but they are carrying one 3rd of the possible cargo that the ship could actually carry this coal. this amounts to about 16 cargo trucks. we have oil pipelines that go alongside the rain, ryan, and there's also trains carrying cargo. but both of them are at full capacity at the moment, and that means it will be very difficult to keep up the supplies further south. now we had a severe economic down shift after a drought in 2018 and with a coming droughts in, you know, with the climate crisis to go. we are looking at a downturn of the economy seat of your porter matters freshman there. another consequence of europe's high temperatures and lack of rain is rising electricity costs and france. that's because nuclear operators in the country have been forced to stop production. at some reactors, a nuclear accounts for 70 percent of frances energy production. during the long time energy exporter into an importer did, obviously, louis reports,

france has been baking and temperatures of up to 40 degrees for months. now. that is putting french nuclear plants under strain. authorities are having to bend the rules for about a 5th of them just to keep them running. usually a nuclear power plant operators are only allowed to discharge their cooling water into rivers like they go on. if the rivers temperature is under a certain limit, that is to protect the local flora and fauna county, though, authorities have suspended that rule at certain reactors like the goldfish plant. here behind me, they say it's the only way to guarantee francis power supply or for leader on april a bunch other. but these environmental activists are outraged that rules are being suspended for nuclear power plants. when river systems are already under stress in

the heat and drought, he norman, warmness on ball. they say warming them up even more is disastrous thing, that of course, it's a catastrophe for plants and fish it. some of them die, which has ripple effects throughout the whole food chain with fuel. when, for example, there are no micro algae, certain small fish die that are normally food for bigger fish or plus warmer water contains more bacteria in order to make it potable. we have to add a lot of chemicals, which people have been drinking thought fall under the ring. but with half of all reactors close for maintenance, france desperately needs the ones that are running to keep going. power company f, which declined our request for an interview, has called the situation extraordinary. and yet the current issues don't seem to be an existential problem for

a french nuclear power. the government is about to nationalize e d. f and plans to build new react us let's go now to some of the other global business stories making headlines. in finance does not expect the global semiconductor crisis to end any time soon. europe's largest ship maker saying to say that strong demand that electron mobility and renewable energy industries are driving factors behind the shortage. in finance, as it's uncertain, the industry can supply enough. sure. and of chips. wal mart's revenue left over 8 percent in the 2nd quarter. the american retail giant saying more inflation weary customers returning to wal mart to cut costs. some covert related costs also shrunk, increasing the company's margins and the retailer, home depot, also, and out solid results. the positive retail numbers, helping lift u. s. indexes on tuesday and our own yes quarter in new york standing by for more, this is yenna wall street like these results. what if anything that they really

tell us, however, about the state of u. s. economy given it, those numbers tell us that americans keep for shopping despite the inflation running red hot in the past couple of months by the americans also become more selective what they buy and also a where they shop. so a wal mart, for instance, as a discount or so more and more people from the mit and upper income levels of starting as to stop or to shop at wal mart, what they have not done. it before. of also waltz of wal mart was saying that more people, he was a credit instead of debit cards. so obviously that might become a proper problem. so not everything is rosy, but at least those numbers came in better than expected. and as you mentioned, helped to lift waltz food overall, marines quarter in new york. thank you very much. or tuesday marked the 45th anniversary of the death of rock'n'roll legend,

elvis presley. he was only 42 and he died. but his music and his legacy remain immensely popular and lucrative, especially this year. a new movie about elvis presley has racked up more than $250000000.00 in the box office worldwide. even before heading video on demand. earlier this year, streaming companies sent a dime a rolled out a 24 hour elvis channel. there's even a netflix, animated show in the works in which elvis is a secret agent. well was earned $30000000.00 in 2021. that's according to an annual list of the revenues of deceased celebrities published by forbes. those earnings come through the licensing of song catalogs, libraries, performance rights. and of course, the image itself of the celebrity. and elvis is far from the only star who's at a lucrative post mortem. at number 3 on forbes list is michael jackson, who earned $75000000.00 in 2021. that's on the back of revenue from over a 1000000000 streams of his back catalogue. number 2 is prince. his air sold their

stakes in his estate, bringing the company over a $100000000.00. as not just musicians. number one on the list of top earning, celebrities might surprise you. it's british children's author ra dall, author of charlie and the chocolate factory, and james and the giant peach among other children stories. he died in 1990, but still managed to make half a 1000000000 dollars last year. that's after netflix bought the family company that owns the rights to those and other stories i spoke with you to be culture correspondence, scott roxborough earlier and asked if elvis was likely to climb higher, enlist this year? definitely, definitely. i think so. i mean alba for having died a 45 years ago, having a great year of proof. the old adage that deck can be a great career move for some artists. we're seeing, of course, this boost an interest in elvis, around of the release of abbas lumens. a film elvis biotech of the king i'm,

that's been hugely successful launched at the cannes film festival and has been a real block buster, a surprising a many, but really re igniting interest in elvis. the person elvis serve the icon. and of course, the music of albus, which has been sort of shooting up the, the streaming charts as a result of scott, who typically controls the rights of a major movie star, major star who's to see such as elvis. is that the family estates or is it larger media companies or brand managers? yeah, it's different according to each celebrity, each musician i'm in alice's case. it's incredibly complicated. of most of the music of his music belongs to the label. our ca, because elvis and his a notorious a manager colonel, tom parker sold most of those rights away before. um elvis died. but i'm a group called authentic brand group. owns the image rights are most of the image

rights and merchandising rights to elvis. and they are one of the groups that really stands to profit as, as we see this elvis revival because those rights, the merchandising rights, the image rights are some of the most valuable rights for the new marketplace. it seems like these days, they're more avenues than ever to monetize the properties of these dead stars. and thinking of course of the swedish pop group, abba who actually released recently, holographic avatars for themselves. some have speculated that could be even be using commercials. should we expect to see more of this in the future? yeah, definitely. i mean a little behind a lot of this desire to revive of these music celebrities is not really not the music itself. that's of interest, but these other revenues that you can generate around them. i mentioned merchandising and, and various other ways. the, this new avenue of holographic tours is, is a whole, a new sphere of money making. we've seen avenue quite successfully. there was just a whitney houston, a whole graphic tour in of vegas. i'm a roy orbison's,

son has, is planning to send his dad's hologram on tour and hope he will be crying all the way to the bank with that. so there's are seeing a whole section of, of a new revenues come out that allows people to really exploit the, the, the celebrity, um and uh, the artistry of, of musicians who have, who have long since left us. all right, sitting a hologram on tor brave new world there. scott roxborough with adobe culture. thank you very much. well, just to be clear, abba is not dead, but this, the compact disc is much closer to it is now officially 40 years since the 1st music cd came out. and since the shiny discs quickly became popular all over the world, on the 1st issue was in fact, abas' is called the visitors, bruce and hanover, germany. what made the cd so hot sound quality was way better than cassette tapes and vinyl could provide. and it was easy to skip to a song that you liked,

but the big idea behind the city was also its downfall. music was digitized and that concept later led straight to streaming lets it for me and the dw business team, find out more about these other stories online checks out d, w dot com slash business are also on youtube or the dw news channel. i'm seeing beardsley. thanks for watching. a chronicle of a disaster. august 1 year ago, the totally mon, advanced into the f m capitol international troops leave the country head over heels of decades of reconstruction. work is the last. what really happened

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