on at off by unit now things is more and more unbearable in summer. we don't have any rivers and the surrounding area has usually already been scorched near valley is planning to stick by her haines city. after all, she says it's hardly the 1st crisis that the city has faced in its practically 4000 year history. all right, you're up to date, but please do stay with us d w business with steven beardsley is up next time. remember, you can always get all the latest news and updates on our website. that's d to v dot com. era took in berlin for me and the entire news team. thanks for joining us . people in trucks injured when trying to flee the city center. more and more refugees are being turned away. families and the reason for the credit on it is we load in trade people fleeing extreme

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. d. w. made for mines. ah, ah, ah, wal mart expands abortion coverage for it's more than one point. 6000000 american employees. company health plans will cover medically necessary abortions, a shift that follows a far reaching and controversial u. s. supreme court ruling. also on our show, more capital is flowing out of countries like sri lanka and argentina to investment

in the us. we'll look at how rising interest rates around the world are making dec crises more likely in emerging economies. and oil major shell cuts output at its rhineland refinery as an ongoing drought, which is water levels on germany's most important waterway tweak, dangerous, lo will take you there. hello and welcome to the show. i'm see from beardsley in berlin. the u. s. is largest employer has announced it will expand its abortion coverage to all medically necessary procedures while also reimbursing travel costs of denouncement by wal mart effects. it's more than 1600000 employees across the us . it's a change from its previous policy of only covering abortions in cases where the mother's health was endangered. the policy would still fall short of those of some other companies, which cover all abortions, many u. s. states are rushing to banned the procedure following a supreme court ruling for going out eons, quarter in new york. yes,

walmart, a big player in the stock exchange in the u. s. economy. why is it changing this policy now? yeah, and it clearly is a big company, as you mentioned, to employing around one and a half 1000000 people in the us alone. and with that being the biggest private employer in the country. i mean, they're not covering all abortions, but still that is a big step for a company that size wal mart itself actually did not officially comment why they're changing their, their plans. what you have to see is if you look at as recent service here in the united states, the vast majority of people actually oppose this ban, or a tied to a ruling on abortion sold. therefore, wal mart, it's probably going in the direction what most of its customers, some actually would agree with the use a patchwork of abortion laws is now emerging across the u. s. in response to the

supreme court ruling. how difficult does that make things for companies like wal mart, where employers, employees are based all across the us? sure, it is very difficult for corporations of all sorts. abortion is a very big and important topic. there are other social and political aspect as well, where the ruling becomes more fractured in the united states, actually talking about debauch and some states like california or illinois for example. there's sort of even advertise that they do not have such strict rulings and try to actually become more interesting for companies to actually have their headquarters or what not over there. it is very politicized environment and it's not easy for corporations to navigate, and they have to make it clear position where they are and

a lot of those social and political topics in court in new york. thank you very much. was he been following our coverage? you know that the u. s. federal reserve has been hiking interest rates in recent months to curb rapid inflation across the country. but there's a global ripple effect doing so higher interest rates in the u. s. make investments . they're more attractive for investors. and that comes at the expense of emerging markets, a countries like egypt gonna pakistan and turkey are among those growing risks of a debt crisis. that's according to the institute of international finance. and july alone, global investors withdrew nearly $10000000000.00 us dollars from so called emerging economy's $9000000000.00 from their bond markets. and 1000000000 from their stock markets are the ones mostly went to the united states because the higher interest rates. and because the u. s. dollar is regarded as a safe haven in times of growing economic uncertainty of where economies already

dealing with higher prices. the rapid flight of capital is something of a double whammy. just look at argentina. argentinians are angry. their demands higher wages welfare benefits along with employment opportunities and lower prices. i can't imagine many, but today in argentina it's a privilege to eat. in other words, such a fundamental right for families, especially for many of them in who a heads of households cannot even guarantee milk for their children. in argentina, there are many problems you propose moving forward with a universal basic wage and income that would at least put an end to extreme poverty in argentina. element of them in abilene because in atlanta, argentina is fighting rising prices and amounting of foreign debt. nearly 4 out of 10 argentinians currently live below the poverty line. the latin american country

is one of the many emerging economies that is bearing the brunt of a strong us dollar, the local currency, the peso is declining rapidly. so amidst these deteriorating ah, economic conditions in the world economy emerging markets had been experiencing significant in that portfolio out flores and recent months. rising inflation shortening financing conditions. it's a double whammy. a strong u. s. dollar is making it more expensive for countries like argentina to pay off. dollar debt plus higher interest rates in the us are leering investors away from emerging economies. argentina, as economy has struggled for decades, and for now there is no clear end in sight. let's go now to some of the other global business stories making headlines. sin a world is preparing to file for bankruptcy. that's according to

a report by the wall street journal. the british movie theater owner has struggled attempt audiences back after pandemic lows. the company has over $9000.00 screens across 10 countries, including the regal chain of cinemas in the you, us gas promenade on friday. it would shut down the north stream one pipeline for 3 days at the end of this month, citing routine maintenance. the route is an important supply line for natural gas via germany. the shut down will come just a month after previous works restricted the supply of gas into western europe. german jossla. allah schultz denied and parliamentary testimony friday that he intervenes on behalf of a bank caught in a major tax scandal. while he was mayor of hamburg the come, x affair saw the german state, defrauded of billions of euros over a period of years as companies claimed tax rebates on the same dividends. lawmakers have since closed the loophole, allowing the trades, but the controversy continues. did german chancellor all of sold to protect hamburg based viable bank? when he was mayor of that city?

in 2016, the private bank had to pay back nearly 50000000 euros to the state because the fans were linked to illegal transactions. politicians have been implicated in the so called co max banking scandal, and they have so far all denied having any influence on marble, benz tax processes, the comics scam run for many years. here's how it worked. on the day that dividends were paid on shares, investors sold the shares to each other during the course of a day. only one of the parties paid capital gains tax on the dividend and was therefore eligible for rebate. those who paid no tax before selling them on applied for refunds. nonetheless, the tax authorities had no way of tracking the transactions and paid out to anyone who claimed them and could prove ownership. on that day, germany's treasury lost 36000000000 euros as a result of the qu, max transactions,

an inquiry commits he is investigating the scam. and it will review e mails from german chancellor, all of shoulds sent while he was mayor of hamburg, as part of its investigation. staying in germany, oil major shell says it has cut out what at its german rhineland refinery. the facility makes fuel heating oil and petro chemicals, but low water levels on the rhine river have may transporting goods on germany's most important waterway. a big challenge, and not just for vessels serving the chemical sector. the river ship calisto. when's its way down the rhine river to a coal fired power plant. jada kelly, thought it sailing down a narrow passage south of cobblins yard time over a muffler uncle discovery. the man with such little water in the river coordination with on coming traffic is essential clearing wholly coming down streams

a bit bigger is sitting deeper into water. boy, he asked if we can slow down on it, so i don't move too much water to ensure a safe passage for him. the other by the thought develop callisto's captain grew up on the water like his father and grandfather carrying grain, fertilizer and coal. but this summer presents a new challenge with either of them all, i have to go slower than usual now because there's not much water that. i mean, oh, you can see that that might sound the way it goes up and down, sometimes 50 centimeters and 2 and a half meters. he has to take less congo with him in order to keep the ship sitting higher in the water. look into the stove, it shows the dilemma. this looks like a lot of coal, but the ship is 2 thirds empty, and that's the real issue. rail and road freight are at their limits. not a lot can be transported and economist expect a drop in production. the ryan's water level has dropped to

a historically low level due to the lack of rain all summer, and it's expected climate change will exacerbate the situation in the future. these satellite images showed the difference between 2021 and today the skipper is passing through the narrow passage it cold, but the river is starting to dry up here. rain is full cost for the coming days, but this will only provide short term relief. quality of this because the bank is now red dry and the sediment is cracked and then so the current doesn't absorb the water as quickly when the water, his to sediment. it's simply runs off the top and runs directly into the remaining river. and away we might have a few days of high water levels and if you ship captains might be pleased, but then we'll be back again to where we are now. he says, the rhine is subject to the forces of nature as little he can do to plan, but he wants to keep going. as long as he can that's not just the rhine. it's

a global problem for more into how droughts in europe and asia are threatening to run businesses, a ground head over to the dw news general on youtube or latest business special takes a closer look at how falling water levels are disrupting supply chains and adding the pressure on prices or gases hot would bear an expert in river transportation. and you can find the program on youtube dot com slash d w news. alright, that's it for our show. you can find out more about these and other stories at the w dot com slash business and do check out that youtube channel w news. all right. thanks for watching to the point. strong opinions, clear positions, international perspectives. nearly 6 months into russia's attack on ukraine. a bloody war of attrition grinds on. could new developments behind the front lines to

turn the tide can either side to break a stalemate, to find out on to the point, to the point with red alert. this isn't just route is a rid if acacia. we're going to have some epic. moreover, water over the world matter is becoming a scarce commodity isn't worth dying of thirst. but global struggle for water. in the 45 minutes on d w. o. 50 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 him like our worst fears realized tonight. they're all gone. how i witnessed his experienced the terrible events and this, the world shouldn't forget o shuttle to $972.00 olympic massacre starts september, 3rd on d, w. 6 months and to russia, attack on ukraine, both sides are suffering heavy casualties, yet seem unable to gain the advantage at least until you look behind the front lines. ukraine is increasingly striking. russian targets deep in russian occupied territory and may have been respond.