capital now the rest of ukrainian football is trying to get used to a new normal that's all for now from us after a short break. we have janelle de leon with a business update. u. s. federal reserve dashes hopes that it might ease up on raising interest rates. so stay tuned for that. we'll have more news at the top of the our, the way blue cross. actual with nico is in germany to learn german pollution pinnacle. why not learn with him online, on your mobile and free chef t w's, e learning course, nico speak with

ah, fighting inflation at the cost of growth. fed chief jerome powell warns of pain to con in his speech at jackson hole. and household energy bills in britain are said to job a by 80 percent as an energy price cap is raised. this is the w

business. i'm janelle delilah on a wild gun in a much awaited speech in front of the annual gathering of central bankers at jackson hole. federal reserve chair jerome powell warned the fight against inflation is likely to bring economic pain. here's what he had to say. reducing inflation is likely to require a sustained period of below trend growth. moreover, there will very likely be some softening of labor market conditions. while higher interest rates, slower growth, and softer labor market conditions will bring down inflation. they will also bring some pain to households and businesses. these are the unfortunate costs of reducing inflation. but a failure to restore price debility would mean for greater pain. let's go through this now with our wall street correspondence, teddy austro teddy ahead of his speech. you spoke about the tough crowd about powell was facing. did he managed to convince

well, i actually believe we're hearing more of the same from jerome powell, but that may have been enough to convince some that the fed is going to tame inflation. one of those names was larry summers, who is the former's treasury secretary of the united states. he said today that jerome powell is on the right course. now let's remember, he was part of the tough crowd we were talking about yesterday. when jerome powell went to jackson hole last year and declared in his speech that inflation is transitory, that it's acute that it won't linger on. we know now that that isn't true, and this speech may be bringing people on to his side. now let's remember there are still those critics of the fed who believe that this is a supply side crisis meeting. the fed can't do anything about that and a hawkish continuation of into interest rate hikes. well, it's gonna damage the economy without really getting to the heart of the issues of inflation in the united states. just picking up on that markets, of course,

didn't seem to like it. they slid down after a pallet speech. but what sort of clues has he now given about the feds policy direction from here on well, they certainly are clues. he's not being very specific. for example, at the top we heard, he mentioned that slower growth. i'm having to bear slower growth to tame inflation . perhaps that's a euphemism for recession. we heard about a softer job market. that means ticking up unemployment. we also heard from him that he believes these signs and inflation may be slowing, didn't provide sufficient evidence for the fed to turn back its course. so what it appears as the market believes at least the, it is reacting and thinking jerome powell may endorse with his backdrop of clues endorse more dramatic interest rate hikes to com. and that they won't end um very

soon speaking plainly in code. thank you. teddy austro for that breakdown, britain has announced the whopping 80 percent hike and electricity and gas bills taking average annual household energy costs to more than $3000.00 pounds. the new sparked outcry from charities who say that with u. k. inflation already and double digits. many consumers are going to have to make the choice between eating or heating. boom. boiling water for a cup of tea is said to become a lot more expensive in the u. k. the nea doubling of the energy kept will likely tip 1000000 into what they're calling fewer poverty. forcing people to choose between heating or eating anti poverty experts say, as i have to pay the bills because otherwise the gas and electric gets cut off. but then they don't pay the rent because i only got certain amount of money. the crisis looks like it could get worse from next january than average spelled for 24000000

households could top 5000 pounds. according to projections. as british regulate our off, jim updates the cap every 3 months. household and business consumers, energy suppliers and opposition. politicians are clamoring for urgent government action to do more, to avoid driving the british public into a desperate plight. moral waiting to see what the new prime minister will do a so far the measures have either been inadequate or they've been poorly targeted, or they've been to short term, or they're in some distant mythical future of energy supply resilience. i think the only thing we've heard is this commitment from one of the candidates wishes to not to double or to increase the government's existing price support mechanism or the proposal from the 2 candidates vying to succeed doris johnson as prime minister include suspending environmental levies or cutting a sales tax, but those proposals have also been dismissed by analysts as too little to emerge.

the unprecedented hit to household budgets now to some of the other global business stories making news. ladonna is suing rival vaccine makers, pfizer, and by on tech. the lawsuit alleges that the partners infringed on madonna's patents in developing their coven 19 vaccine. the lawsuit has been filed into courts one in the u. s. state of massachusetts and the other in dusseldorf. to fall the prime ministers of poland and slovakia have officially commissioned a new natural gas pipeline between their countries. it's aimed at bolstering energy security in central europe by reducing the regions dependence on russia. it will pipe liquified natural gas from norway to slovakia. hundreds of tons of dead fish have been recovered from the odor river after fears were raised over a chemical spill there last month. that's the river separating germany from poland . polish media claim that digging for natural resources in the region could be to

blame. but mining company k, g and h is denying any role in the environmental disaster. polish firefighters are literally pulling tons of dead fish out of the odor river that runs along the border with germany. the mass fish die off here is the result of several factors. low water levels combined with extreme heat and higher than normal salt levels that lead to a toxic algae bloom that usually isn't present in the odor. polish environmental activists are demanding authorities find out who is responsible for the elevated salt levels and thorough investigation into the disaster. yes, this show there are 280 waste water channels. the polish environmental authorities say the odor has 280 illegal wastewater channels that it doesn't monitor. they don't know what's being done here and what it causes. 200 navy waste channels and 2500 more that don't have formal licenses. that means a lot is being dumped here that isn't monitored and unused to control them. the

government in warsaw is under pressure. it's accused of reacting to slowly to reports of a fish die off and not informing neighboring countries in a timely manner. polish and german media are concentrating their investigations on the mining company, k g, h. m. it mines for copper and silver along the odor and has several operations near the city of glasgow. here the river looks like an industrial canal. k g h m admit it disposes of salty water in the river with the permission of local authorities. but this year of the company only dumped around 30 percent of the levels compared to last year and it completely stopped funneling water into the river on august 10th, just being jumped lots level 1st. we've been disposing of our waste water for 50 years in the reno or something like this has never happened before with young all attempts to connected to our company. our mistake. everyone's trying to blame us and we'll take them to court,

allows me. when i want to emphasize this is something all attempts to connect c t h m to the situation and the rivers are fake news west on that. also the corporate, hostile fake news. some 300 tons of poisoned fish have been pulled from the river already. that's more than half of the fish in the river dead. fish and mussels has been found along 400 kilometers of the river bed polish opposition. politicians are calling for stricter controls. zeniah polk suddenly been i think all companies long the entire river need a salt water monitoring system goes fucking like that's how we were still there or does the people responsible for the disaster will ever be found? the ecosystem along the river will likely be severely damaged for years to come. now, climate change is also becoming a real challenge for the logistics industry. tom mcdonald is senior director of

supply chain solutions at the business planning company and a plan. ask them just how supply chains have been impacted by drought and lower water levels. yeah, let me give you a specific example. i watched a report on, don't you bella, on the drought itself in fact, and there was an interview with the ship's captain. so supply chain execution is everything that you do from procurement, logistics, manufacturing, distribution of fulfillment of your products. the ship's captain in particular, was moving cold down the rhine river. so he's right in the middle of what's required to meet your customer service calls. and so this captain is now traveling down the rhine at a much slower pace, and he must carry smaller loads, some boat sitting higher in water, which there's much less water. so for the ship's captain,

he can. he can carry last and move slower for the supply chain leaders who manage that supply chain. what that means is that they have smaller lots sciences. this is the amount that book can carry and they have a longer lead time, so it's slower and how that translates into issues for supply chain management is that the planners have to find alternative methods to move coal. this could be shipped or real or, or they have to get more ships more frequently. ultimately, the bottom line is that it costs more to operate supply chains under these conditions. in this case it's drought. but there's many other climate impacts that are impacting supply chains. more frequently, as we talked about earlier. and finally there's less than a month to go until october 1st kicks off in munich and visitors to those ears. festivities that will have to shell out even more for a leader of bavaria as best

a leader of beer will cost between $12.14 euros. an increase of 12 and a half percent brewers blame the steep jump on increased costs for energy, as well as for ingredients like molt and hops. despite the increase of total october fest organizers are expecting around $6000000.00 visitors. cheers from us that's are. so for more checkout d, w dot com slash business, and d, w. news, youtube channel for also on facebook from the end, the business team here in berlin have a great weekend. was making the headlights and what's behind van d. w. news africa, the show that was the issues the shaping the continents life is slowly getting back to normal. yeah. well the streams to give you in the report on the inside our correspond that is on the ground reporting from across the continent. all the

trends doesn't matter to you next on the w. oh shawn, just for electric power batteries. out of service in the truck, but still plenty of power ritual. soon on india's road. second life faster and more. already bringing new life to the place with red foam in 60 minutes on d w. o. 50 years ago the international gathering of peace and cooperation becomes the scene

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