salmon and presence on the moon, it would then use the name is a breeding ground from mission to mars. but 1st, it has to get its name and test flight successfully off the launching pad. if it does, here's a reminder now of the top story we're following for you this, our ukraine says that it has launched its long anticipated attempt to retake the southern region of your song. moscow says it is for wording offensive and inflicting heavy casualties. stephen beardsley is up next with the w business news . i'll see you tomorrow with sh, i'm skill that i want that tags and in the end is a me, you are not a lot of to you anymore. we will send you back. are you familiar with this with the

smudges reliance of the what's your story. ready ready i mean, wasn't, i was women, especially of victims of violence take part and send us your story. we are chain always to understand this new culture. so you are not a visitor, not a guests. you want to become a citizen in full migrants, your platform for reliable information. ah, soaring electricity prices for the e. u to intervene and energy markets. the brussel says it will hold an emergency meeting next month as it tries to lower wholesale electricity prices. driven by the rising cost of natural gas also on our show, a disastrous monsoon season hits date,

growers in pakistan especially hard. and it's not just this year's crop that's going to suffer load walk into show. i'm seeing beardsley in berlin. steer p in union is vowing to take action. as soaring, electricity prices overwhelm utilities and threaten a cost of living crisis for households across the continent. the e. u. a hold an emergency meeting on september 9th to discuss an intervention in energy markets. on monday, german year had power prices, essentially the cost of electricity contract in 2023 reached a record high, $1000.00 euros for a megawatt hour. the climbing natural gas prices of recent days are largely responsible for those higher prices. now compare those german prices to last year when the same contract cost, $85.00 euro's a megawatt hour. that's an increase of a whopping 1100 per cent. there's a similar dynamic going on in france where nuclear power accounts for the bulk of

electricity generation. but reactors have been turned off due to maintenance and cooling issues related to the heat wave. now in the u. k, no longer an e u. member of course, regulators have agreed to pass higher cost along the households to the tune of an 80 percent increase in the average energy bill. all right, my colleague, cassandra son joins me in studio for more on this. cassandra walk us through the significance of these numbers, it can be a little confusing, right? these are big numbers and they can sound a little bit hard to wrap your head around. but think of this as the cost for a megawatt hour estimate in the next year. it's a mix of all sorts of different kinds of power. it's kind of like a fruit basket right? with a bunch of different varieties. the problem here, the culprit so to speak is that natural gas has become a very expensive for her. it's been sore. it's been soaring of for over the course of the year. so that's bringing up the price of this megawatt hour as a whole. and this is significant, like you mentioned,

because of inflation and higher energy prices are ready and this is a record high. this is putting a lot of pressure on households and businesses and for reference the, like you said, the cost of a megawatt hours. now, 10 times over 10 times what it was last and so if this is this fruit basket, these are market price is what can european leaders really do to affect the price? is that they're having an emergency meeting. you mentioned next month, it's coming up really soon. at the end of next week, and they're already talking about how can they come to an agreement on whether to cap and how to cap natural gas prices possibly separating it from the other sources of energy. the belgian energy minister, for example, has called for a fries in a natural gas prices, but at that contribute to electricity. specifically, governance are undoubtedly also going to start to hear from corporations. unit per, for example, is seeking a 4th bail out from the german government. they say they're being pummeled because one of their primary sources of natural gas is russia. and the chief executive said that they're really the cash losses per day now or amount to $200000000.00 euros

per day. the big question for viewers not in europe may be watching this. what is europe bracing for this winter? how bad could it be? do we really know there have been yellow flags along the way and now they're starting to be red flags that we're seeing. we know going into this winter, it's going to be expensive, and this is just another sign that it of how expensive it it b and at some point some is gonna have to pay for these expensive energy bells. and there are 3 potential sources of payment, right? there are governments, there are corporations who could potentially bite the bullet, and there are households. so governments already are starting to get a sense of what they can reasonably pass along to households in the u. k. for example, the cat is re evaluated every 3 months. it's an annual capital, not the upper limit, but it's a benchmark rate. it's evaluated every 3 months. the price cap for october 1st is announced this month and like you said, it's nearly double what it was over the summer. i said. but when you look at what that means for the winter, when people are really going to be using energy a lot,

it's almost triple what it was last winter and every 3 months that next price cap could come on january 1st. so there's another price increase that can be coming not too far down the road. so europeans are looking to have a cozy winter. it can be quite expensive this year, right. my colleague cassandra on here is to do. thank you. and we go now to some of the other business stories making headlines. the u. s. dollar has served to a 20 year high against a basket of currencies. after federal reserve chair jerome powell signals, interest rates would be kept higher to curb soaring inflation. the yen saw its biggest loss against the greenback since july, while the british pound it's lowest level against the dollar in nearly 3 years. south korean battery maker l g energy and japanese automaker. honda are investing $4400000000.00 in a joint venture in the us to produce batteries for honda electric vehicles. in the north american market, the firm said the sites of the new plan is still undecided,

but construction will begin in early 2023. with mass production of advanced lithium ion battery cells to begin by the end of 2025 and our financial correspond. teddy austro, sitting by in new york for moralist. a teddy. what does this deal do for honda? well this is pretty huge for honda. the company has been considered late to the e v game, but now this is the 1st e v battery manufacturing facility for the company. it's on its way to try to take fossil fuel cars off the road by 2040, but this is a part of a larger trend. we are seeing a scramble by car makers and battery makers to team up to try to make these batteries here in the united states. in the past year alone. we've seen a number of deals g, m, l, g, us to lantis and samsung. and we are hearing that tesla and panasonic aren't talks

now. honda wants to put 30 new electric vehicle models on the road in the next decade. now this partnership certainly is gonna help it on its way to doing that at teddy. what's the bigger picture here? you talked about this trends that we're seeing in the u. s. are we seeing any kind of a tipping point of for, for electric production? the u. s. is more companies announce production plans? and as governments offer more incentives and even regulations, well might be a little bit early to tell everyone's talking about the inflation reduction act. that's the act that was passed here in the united states signed by joe biden. and it is fundamentally a climate bill and e v. manufacturing is right at the center of it evie manufacturers and consumers will get huge tax breaks. but there are a number of stipulations. there are requirements that are aggravating. some companies and countries who may be excluded and the cases that are car manufacturers need to assemble these vehicles here in the united states that goes

down the supply chain, including the batteries. that's why we're seeing honda and a number number of other car makers race to make these manufacturing facilities here in the united states. right, so the financial correspond. teddy austro, taken us through that honda battery deal from your thank you it went from a mail delivery dvd service to the world's leading streaming provider. today, netflix marks it's 25th birthday. however, the milestone comes as the company struggles to cling to its 220000000 subscribers worldwide. it lost nearly a 1000000 of them in the 2nd quarter loan that's been blamed on its withdrawal from russia and concerns about potential advertising on the service. now netflix is looking into new business models including cloud based gaming or earlier we spoke to our entertainment correspondent scott roxborough for his take on netflix as evolution over the past quarter century. it's been really a phenomenal company because it's transformed it's business model

a couple of times it went from mailing dvds to being or a streaming service that was the 1st company to really go full in on online streaming. and then it took its business internationally globally faster than any one else. and so became the 1st broadcaster to really put out, chose all around the world simultaneously. both of those have been obviously transformational for the entire entertainment industry worldwide. or at our court reporter there scott roxborough over to south asia, where it's been a brutal monsoon season for pakistan in particular that sitting date, growers in the country, especially hard take a look. ah, this landscape is a far cry from what it used to be. after recent monsoon reigns devastated crops and livelihoods. cadogan verify, fella were followed the day crop is harvested once a year. the mother, we worked very hard and spent a lot of money on the farm this year, and hope for a very good crop and to earn

a good profit from us. but even with these rains ruined all our hopes that nothing could be saved about than i am. if i dotala pakistan is the 5th largest producer of dates. the growers association says at least 80 percent of the harvest has been damaged so far. and it's not just dates, cotton crops, rice and sugar cane have also been destroyed, threatening the country's food security. the floods destroyed houses, roads, bridges, and communication networks to preliminary estimates by officials show the country has suffered damages were a $5500000000.00 i hadn't seen any, any destruction or devastation of this scale. i find it very difficult to put into words the phraseology that we use to whether it's monsoon rains, or flooding doesn't quite seem to encapsulate the ongoing devastation and

disaster that we're still witnessing. the flooding could not have come at a worse time for the islamic country, where the economy has already been in free fall facing high inflation, corruption on a rising account deficit. when the rainfall stops reconstruction will begin. but for farmers like day crop growers, their nightmare will continue next year as flooded orchards weaken the trees, resulting in another low yield next year. and finally, frances tourism industry appears to be back in a big way this summer. new figures showing revenues from booked rooms were up over 22 percent compared to 2019 a despite cost of living. fears, stifling heat waves and even fears. wildfires, local and foreign holiday makers poured into the country after a 2 year slump caused by the crone of ours pandemic. the tourism generates 8 percent of france is national gross domestic product,

and it provides $2000000.00 jobs. right, but it couldn't is there. and here's reminder of the top business story we're following for you. soaring electricity prices have forced the european union to intervene. brussels now says it will hold an emergency meeting next month as it tries to lower wholesale electricity prices that are driven by rising natural gas costs. that's it for me. in the dw business team find out we're on line he w dot com slash business. to watch it with a full of power. the 2nd chance for electric car battery house of service in the e, but still plenty of power for the rig showing soon on india's road. second

life battery, already bringing new life to the place a reb home next to on d, w. look at the pendulum and he knows this has tremendous potential. ready it you said people free from your addiction and fears, or even replace anesthesia. how does it affect the brain tomorrow today? in 60 minutes on d, w ah, come have a v g t v highlights you every week in your inbox,

subscribe now. music 50 years ago, the intuition gathering of peace and cooperation. 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 or so in the night. they are all gone out. i witnesses experienced the terrible events and this, the world should not forget the long shadow of the 1972 olympic massacre. start september 3rd on d, w. today on red, the auto and mobility show all the batteries get a 2nd light providing power in india, the shower on wheels helps out homeless women in berlin and a m g spices up the already very sporty. mercedes, e q e.