unpredictable and extreme weather in the future. just before we go, let's get a reminder of our top story at this hour. un nuclear experts are on their way to the russian occupied operation nuclear power station. the team will assess the condition of the site and the potential danger nearby fighting could pose for europe's largest nuclear plant. that update this our stay tuned for the business headlines. coming up next with my colleague, kate ferguson. i'm claire richardson in berlin from the team. thanks much watching departure to the today this meets flying to a foreign planet. in the 16th century, it meant being a captain as setting sale to discover

a route. the world famous c. voyage of ferdinand of magellan. i'd rather erase linked to military interests, erase links to political and military christie, but also linked to many financial choices and adventure full of hardships, dangers and death 3 years, and that wouldn't change the world forever. but jillions journey around the world starts september 7th on d, w. ah, another blow for a german golf supplies russia. deliveries along the north, 31 pipeline saying it's closed for maintenance. we can europe cope if supplies don't resume all the coming out from them to buffed on finish. buildings in china.

leave home buyer is facing difficult choices and now plays off a 5th of its staff as a social media company struggle to stay relevant in a competitive market. this is the only business on k ferguson. thanks for joining me. russia has suspended olga supplies to germany through the north stream. one pipeline. state energy from gas from says deliveries will be stopped for 3 days for maintenance work. but there are diets over whether gas will start flowing again on saturday. russia had already reduced with $31.00 flows to 20 percent of their normal capacity fighting technical reasons. the german government accuses the kremlin of using gas applies as a weapon to retaliate against western sanctions. for more in this, i'm joined by carl natalie, ceo of crystal energy. carol with us stop it really only last 3 days. well, your guess is as good as mine, but many fear the storage is going to last much longer than that because we have

seen the trust shine. it's not really a surprise has been using it gas supplies to europe as a weapon to achieve certain political points. and so that's why i think the markets here maybe factoring the source supplies not coming back to the market after 3 days. or if they do, or they may not be fully back in supplies. so we have to wait and see. but i'm more on the cautious side. now, ukraine's president vladimir zalinski has accused russia of waiting an overt gas war against a united europe. do you think europe is united and its response to the energy crisis? what is to think of to describe europe as united because the countries are not, you know, they don't have one genius situation. partly because of their reliance on gas. so you see getting a bigger role, for example, here in germany where i'm sitting there in france for instance,

by the neighboring countries. and it's not only the reliance on guess. i'll also, i have on russia, i guess. so germany has a much bigger exposure to russia and gas induction. guess applies, and let's say spain. so in that respect, it would be unfair to could decide you know, for not being united because that is countries and that's, we homogeneous. but it is fair to say that so far, they have displaced a united front against russian aggression in ukraine. ok, so they're showing a united fund, but how equipped would you say europe is in the case that russia decides not to resume delivery through north 3? 1? i can't say they are fully equipped, otherwise you wouldn't be seeing the prices that you are seeing today. quite high prices, but they have been working very hard on reducing or minimizing the impact of losing them, what's important supplier and the local supplier that is russia and they've been working on it for, for a while now. they knew and they didn't know that they cannot go back and finally on

rush and gas because you cannot find immediate available supply out there. and that's why they have a non functional on coal, on oil, but they have not a no function on get, but they are working on reducing their defense and russia. no said, and i think it fresh. i did not know that there would be taking the stuff that they are taking today because they have to pay for the worst case scenario of not having access any more in the future to the market. okay, so it could be a really tough winter ahead. carol, lastly, feel at crystal energy. thank you very much. thank you. snapshots parent company says the video messing up will be cutting 20 percent of its staff. the ones popular up has had trouble staying competitive with platforms like kicked off on this, facing a steep decline in our sales. in july, the california based company reported quarterly loss of $422000000.00. stopped up, says it will restructure the company to focus on augmented reality and revenue

growth. let's talk more about this with d w. financial cars on teddy austro in new york. hi teddy, good to see, you know, snap is just one of several companies that hired really aggressively during the pandemic, only then to the last job 2 years later. is this any more than a major miscalculation of the paper growth? well, definitely. as a miscalculation, i'd say it's a grander miscalculation across the entire tech sector, which saw explosive growth over the past 2 years. and now we're seeing this contraction. and even as there is a red hot labor market here in the united states, the tech sector is rolling out these layoffs, as you said. even the big ones like meta and google, we are seeing hiring freezes. but for snap, this may be run of the mill competition as well. staff is a relatively small social media company compared to some of the big ones, like facebook, like tick tock. but also the company has blamed apple for changing its privacy

policies on the app store, which has made it apparently harder for the company to test and track it's ad campaigns. and that's why we've seen snap stock go down pretty significantly in the past several months. it's up has a nice major restructuring plan as well. and tell me a little bit more about thought on whether you think it will work well, it's a pretty radical restructuring plan. so the company certainly helps it'll work. but i'd say it's hard to tell at the moment because of the economic uncertainty in the economy. the company is trying to trim the fat if you will get rid of some of the hardware. it's been working on like augmented reality glasses, some drones, but also some things that were under it like games and other apps. but we have to remind ourselves where did this boom time. com in the past 2 years for the tech sector that came from the fed, putting a lot of money into the economy, a lot of cheap money,

and now we are seeing opposite interest rate high the contraction of the economy to tame inflation. and this is certainly going to hurt snaps prospects, and you'll be hard pressed to find, i believe that level of growth in the near future. it is such a competitive market. teddy australia, thanks so much. now to some of the other global business stories making news. microsoft announced it will create 36000 new jobs and to tar by building a cloud data center, the technology giant hope's the move will help the gulf state in its effort to distance itself from the gas and oil industry. once completed, the new facility will be one of microsoft largest international projects up to a $120000.00 retail and service firms, and it will be with going out of business over the next 10 months. that's according to business lobby comp, camacho, which warns that surging energy costs will force companies to go under if the italian government doesn't step in to help. they estimate 370000 employees could

lose their jobs. e commerce giant alibaba is among the 1st batch of chinese companies to be audited by us regulators. that's after beijing allied, the u. s. to vet firms in china and hong kong. the move could end a long running dispute that threatened to boot more than $200.00 a chinese companies from us stock exchange russian gas dying gas from which owns the majority stake in the north stream. one pipeline surprised the market by posting a record profit of more than $40000000000.00 for the 1st half of the year. sure, as the sword over 27 percent following the news gas from is planning to extend the pipeline project to china, which has not condemned russia's invasion of ukraine. staying and china overt acts of protest are not common there, but public anger at the countries real estate developers has been all too clear to see chinese mortgage holders have been withholding repayments on mass as they wait

for their homes to be finished. as patrick falk reports, many borrowers have been left in dire straits tomorrow launch. as you approach this part of hun and province by train, you see it bears all the hallmarks of china's growing crisis. in the distance, unfinished construction projects scattered across the city. this is drew my d n. a city of around 7000000 people in southern had an province meacham bought a home here in 2018 for just over half a 1000000 new on equivalent of around 75000 euros. the developer was meant to complete the project in 2020, but ran out of funds. lead in want to show his face on camera fearing possible retribution. but he was fed up and desperate to speak out about what's happened to him or the monumental wrong. i bought the apartment in 2018 little bar, luna, and the it was agreed it will be ready in 2020 raj,

another to on what they stopped working 2019 issue and they're still not working on it now. the mayor was on the 3rd. the apartment has been left to rot ever since the law re lenora's chandler. i'm in the wall. the day we visit other home buyers come to meet lee as well. among them, an elderly woman with 3 young girls. and so she's their grandmother, their parents are migrant workers and live far away in the south saving for the family. she looks after them here. i'm with ya. she says she fears their home will never be finished and the girls won't have anywhere to live. one of the things that's really extraordinary here and really gives you a sense of a scale of the problem, is this whole road is lined with unfinished buildings, one after the other. as far as the i can see the homeowners here say there are thousands of people in tomorrow. dan, who bought on finished homes with nowhere else to go some or even considering

moving into these ramshackle buildings. but there are hundreds of thousands of others across china in similar situations who are simply refusing to keep up mortgage payments. that may be a problem on losses on him by the wrappers as also father, father band and also for the economy as well. patrick wong is a real estate analyst with bloomberg intelligence. he says, policy makers mainly to shake up the practice of buyers paying developers before completion. nearly 90 percent of all homes in china, our pre sold a senior parties. we really rely on the p cell conscious haunted sales to funder um project the well a man or 2 fun. if under internal financial resources or buying the land, the crisis is power pressure on the government and stud social unrest. many people have expressed sympathy for victims likely or do their shantora donning up soon. hi along. i just want everyone to be able to see that ordinary people are drowning in

misery law. they are center, so what other people have no way to voice their grievances through law. your call was jose, irma if left unresolved for many the consequences could be crippling. and that's all we have time for. thank you so much for watching, where you can check out adobe dot com slash business. we're on the dw news youtube channel as well from me and the team here in berlin. as taken into the conflict zone with sebastian as rushing forward, his advance in the east of ukraine here is warding ally. good massively out gum. my guess is we component is rabbit sikorsky. both bar man because the stuff is not

a member of the european column. ethan flows pressing for a quick see spark a role with w. a contentious figure at home here in germany. i think gorbachev is one of the great heroes of the 20th century mikhail gorbachev . the lost leader of the soviet union was an agent of change. who quickly met his downfall to resign my duties as president the arrow of time. remembering mikhail gorbachev in 45 minutes on d. w with we're all good to go beyond the obvious

as we take on the world. 8 hours, i do. all these were all about the stories that matter. a hi policeman, a dealer here we are here. he's actually on fire. for mines. as russian forces advanced in the east of ukraine here is warning allies. it's massively out gun. this week, a senior adviser to president the landscape at western support wasn't enough to combat russia's fire power. my guess this week from poland is rabbit sikowski, who served as both for amanda.