in shanghai, also learning to cope with the current crisis. as to cities like go out to safe electricity. it's stark reminder of a dark future. if global warming remains unchecked. that's all from us for now. after a short break, janelle de leon as your business update, looking at how the u. s. federal reserve is dashing hopes that it might be easing up on interest rates. anytime soon, we'll have more news for it's up the, our mind with rough actually watch with awe. every journey is full of surprises. we've gone all out to give you some tips with all who rig i'm in your northern most count

please. ah, 3 times along. but still very much alive, d, w, travel, you'll go to this essential thought in germany, europe, and new. do you recognize that where exactly. it was fun. i learned a lot of culture history. all their d. w. travel extremely worth a visit. ah ah, fighting inflation at the cost of growth fed chief jerome powell, warns of pain to com and his speech at jackson hall 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 while gone 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 stability would mean far greater pain. let's go through this now with our wall street correspondence, teddy austro sh teddy ahead of his speech. you spoke about the tough crowd that

powell was facing, big he managed to convince well, i actually believe that 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 so 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 believed 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 clue is, 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 taking 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 in 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 set to become a lot more expensive in the u. k. the nea doubling of the energy cap. we're likely to 1000000 into what they're calling fewer poverty. forcing people to choose between heating or eating anti poverty expert c. 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 ever spelled for 24000000 households could top 5000

pounds according to projections. as british regulate our off jim updates the cup 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. i'm 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 is commitment from one of the candidates which is sooner to double or to increase the government's existing price support mechanism or the proposal from the $2.00 candidates vying to succeed morris. 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 avert.

the unprecedented hit to household budgets now to some of the other global business stories making news. la donna 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 rashaw. 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 m 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 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 a thorough investigation into the disaster is vishal. there are 280 waste water channels . the polish environmental authorities say the odor has 280 illegal waste water 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 is monitored on yes for control of the government and 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 ga. gov. 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 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 jewish on class whose never push 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 of osmotic when i want

to emphasize this is something all attempts to connect c t h m to the situation and the river bills are fake news. what's on the outside? the corporate austell 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 muscles has been found along 400 kilometers of the river bed polish opposition. politicians are calling for stricter controls gun you put suddenly, i think all companies along the entire river need a salt water monitoring system. shingles, fucking, if you'd like, that's how we bill this job. there are doubts 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 looked, i know,

is senior director of supply chain solutions at the business planning company anna plan. i asked them just how supply chains have been impacted by drought and lower water levels. yeah, let me give you specific example. i watched a report on the g, bella on the drug itself, in fact, and there was an interview with the ship's captain. so the 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 right river. so he's right in the middle of what's required to meet your customer service goals. and so this captain is now traveling down the rhine at a much slower pace, and he must carry smaller loads, so sitting higher in water, of which there's much less water. so for the ship's captain,

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 lot sizes. 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 call. this could be ship or rail 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 dropped. 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, a fast 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 5th, organizers are expecting around $6000000.00 visitors. cheers from us about her. 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. i look at the pendulum and with news. this has tremendous potential. it can fit people free from other addictions and fears. ready or even replace

anesthesia. how does it affect the brain to borrow today? t w. o, o. d is only 10 years old, but all ready at the top of this still is curious. eat is. his talent on the piano has put him at the top of a list of the worlds 100 brightest child prodigies. the tiny great pianist fills concert halls. most do managing to be just a kid. do romance 60 minutes dw. ah, ah, 50 years ago the international gathering of peace and co operation 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 one was stolen, life or worse, fears realized tonight, they're all gone out. i witnesses experienced the terrible events and this, the world should not forget the long shuttle. the 1972 olympic massacre starts september, 3rd on d. w how high is the likelihood of catching cove it on a train? a research team investigates with the help of artificial folk afraid of flying, you can reduce that subconscious fear with the help of hypnosis. hypnosis is used to treat physical and psycho.