filming of the 1st season, a new zealand reportedly cost over $450000000.00 in it here. ah, lord of the business news. hey, ferguson is up next. have a good weekend. ah. departure . be to the today. this means flying to a foreign planet. in the 16th century, it meant being a captain and setting sail 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 christy,

but also linked to many financial interests and adventure full of hardships, dangers and death 3 years and that will change the world forever. my jillions journey around the world, starting september 7th on d, w. o . u. s. job growth flows of high borrowing cost make it harder for businesses to expand. we'll ask our correspondent if the red hot labor market is fizzling. i'm on want that could mean for inflation. energy bill is going to go up 595000 with 100000 pound flooring energy prices. leave you k businesses on the brink of

collapse. this is the w business. i'm kate ferguson. thanks for joining me. the pace of hiring in the united states is down, but the country is still out. it's $315000.00 new jobs in the month of august. those figures come from, i'm much away to jobs report, which some analysts are interpreting as a find that rising interest rates and fears of a recession are discouraging businesses from expanding. the slow down in the new hiring has reduced fears of inflation with shares initially rising on the news. let's talk more about this with the w a financial correspondent, james sweeney in new york. hi james. good to see these kinds of data can be a little bit confusing to interpret. is this good or is it bad news for the u. s. economy? it's a little bit of both. the truth is it depends on who you asking what they're focused on. because regarding jobs, if someone is looking for

a job and they got one, that's great news, we'll come back to contributing to society, good job. but someone, if there's someone out there struggling to find the job and still can't find one, then you read this in an implies the doors of a hiring opportunity is closing. now regarding interest rates, i mean raising rates in attempt to ease inflation in the nation that keeps finding it harder and harder to afford the life. that's not really going to be celebrated. now, what business really wants to open or expand the market like this? be us when profits are steady, but costs are raising that hurts the bottom line for a business. and well, since businesses run the u. s. economy, this is not really welcome news for many, which is why today we saw more than 300 point rides in the am, turn into a near 450 point decline at the close. okay, so it's a bit of a mixed bag. i want to talk more about interest rates low because the federal reserve, the u. s. central bank is you to meet later this month to discuss a possible interest rates rate hike. how will these figures affect their thinking?

well, the federal reserve is said non stop this week alone, that aggressive rate hikes are coming more high hikes. they're not going anywhere. so that's exactly what venture jerome powell said, and that's what's gonna happen. we're going to see more hikes. they said so it's already priced in the markets. but now the real question is this, if more data like this hits the takers before the feds upcoming re meeting, and i believe it's the 3rd week of september. if more data like this comes out, will the fed then be forced to ease its aggression and just high rates on a lower level, not as hard as $75.00 basis points, maybe 50, maybe a quarter. we'll just have to wait and see. that's the breakdown. james sweeney in new york. thank you very much. thank you. that's head to the united kingdom now where skyrocketing inflation is putting a major strain on the hosp policy industry. the sector had already been dealt a blow when people stayed away during the pandemic than the war,

and ukraine pushed their prices up. and the biggest issue now for many businesses is rising fuel costs. industry representatives say the government must take action to prevent math closures. let's bring in our reporter, emily gorgine in london has been covering the cost of living crisis in the u. k. hi, emily. now you have b, i know buys talking to people about how the energy crisis has affected them personally. tell us about the owner of the orchard t gardens. yes, so i came across charles bunker over twice where he made a very emotional appeal for support for the gun. and what you have to know about this place is it's been around for 120 years. it's survive to old walls. and it's some of the pandemic, you know, it's been visited by the likes of prince charles stephen hawkings. i'm sylvia plath

. so really is an institution that is now threatened by the rising inflation and especially so by the rising energy bills, which could see it close at stores, at least for a while. but let's hear from mr. bunk himself and i think we have a little clip to play here from the owner of that he garden point. my energy bill is going to go up. i $95000.00 a year. it's going from 220-8000 pounds. so i think grabbing a little bit of trouble getting that clip, but basically he's talking about the thing completely on sustainable situation. you've been talking to some energy experts as well. what are they advising? the government do to take control of this crisis. who the

hell really for approaches to this immediate problem. the 1st is an rollouts and insulation campaign really because the u. k. has a very bad track record at m, insulating their homes. and obviously houses were better insulated demand for heating wood under our and actually fall. now the number number 2 is that direct payments will have to go to the home to a family is too low income households that simply can't afford to pay these prices. and another 3 then that leads us to the government's role and also communicating that these prices are going to stay high and supply might not be as consistent as we hope. and that means that we'll have to start saving energy

. you can see this trend in germany and france where government officials have made a place to its citizens, asking them to save energy. and now a 4th, really important point is also to roll out and says, renewable energy is more because that will unequivocally bring us to energy independence, but also help us in the climate crisis. and now in terms of business owners, one of the things that example mr. bunker has asked for and rich am and energy experts sort of can sympathize with is the fact that you know, v a t was brought up for corporations. and after the pandemic or after, i mean, you know, after the lot down and am and well on the, on the, on the business side likes and people like and mr. bunker are asking for the 80 rate to be reduced again so that they can, you know, at least not answer so that they're not as affected by the high inflation of,

of goods that they need to keep their business going. but some, obviously, it will have to be a combination of these different approaches. there are so many factors to consider aren't they? and the guardian in london, thank you so much for your reporting now to some of the other double business stories making news. a federal judge has upheld the conviction of former thoroughness, c o elizabeth holmes. her company was worth $4500000000.00 before the discovery that her blood diagnostic technology didn't work and that she had defrauded investors. homes faces up to 20 years in prison when she sentence next month. a 130000 air passengers have been told to change their weekend travel plans of pilots at germany's lufthansa state a 24 hour strike. the airline has canceled over 800 flights. the pilots union is seeking a 5.5 percent pay rise this year. rollins, i,

if i a consumer electronics fair has opened its doors. but the latest gadgets on gizmos from the tech industry product on show include pocket translators, dulcie data, and recycled readers. the annual fair is returning after a 2 year corona virus enforced hi aces. with a little over a 1000 exhibitors. it's smaller than before. now world leaders meeting at the g 20 energy talks and bali have failed to come up with a binding plan on how to transition to cleaner energy. they did, however, agree on the need to accelerate the move towards renewables. among the countries trying to do just thought is germany, one of the biggest obstacles, red tape, wind turbines. germany needs more of them. lots more to have long been planned to be built on this field. but that's easier said than done as is in for many of these

products. it takes 5 to 7 years. that's because of too much red tape. 18 departments are involved in the approval process. that means 18 applications have to be put in person. that's $1000.00 pages, plans, blueprints, expertise as annoys shadows, turbulence as you need, safety certificates for each oil used in the system. everything has to be put into the application. all the frustrating bureaucracy has led to a grim result. investment and wind energy in germany is not growing, but has haft in recent years. germany is not an attractive market for wind energy. and that in turn, threatens the local industry. the north eastern german city of war stock knows all about it. danish turbine may cannot, ex, has closed its plate making facilities here. plates are now made in chennai in india. that's cheaper and it's closer to the fast growing indian market. proven

remedial. it's a disaster. this was the last blade making facility in germany. so if we're setting lofty goals now to expand wind energy, we don't have a leg to stand on funded by mercury on an inner energy wants to stay in germany. the family owned company does not only build wind turbines, but develops entire projects from the initial planning phase, all the way to servicing existing once the c o is used to the tough business environment and stays optimistic. but the arden quick, our business has suffered from lack of political will over the last years, but eventually we will get approval for some projects and that will be from next year on our order books are full for 2023 to resume this new brunswick is of reform the company wants to double revenue to 150000000 euros next year. meanwhile, customers will have to pay a premium of 20 percent. that's due to higher prices for steel. just as germany is

trying to catch up to global markets, materials and supplies are becoming expensive and hard to come by and that's all for me for you can always go to our website, d, w dot com slash business. you'll also find that on the data being use youtube channel and on facebook for me and the business team amberlynn, it's making the headlights and what's behind van d. w. news africa. the show that the issues have been the continent. life is slowly getting back to normal. yeah. we're on the streets to give you enough reports on the inside. our correspond that was on the ground reporting from across the continent and all the trend stuff. the mazda you next to

d, w. a growing fees in asia, so i've come to tie, want to speak with foreign minister, joseph moody, d. w reporter richard walker in taiwan. the bay, his china following russia's lead and planning to take its neighboring state by force. east this region on a slippery slope towards a devastated conflict. how do we resolve without the exclusive interview? while in 60 minutes on d, w ah. devastated with our we can with cars carry the facts of climate change. i've been failed to plug wired before a station in the rain forest continued carbon dioxide emissions have risen again.

young people all over the world are committed to climate protection. what impact will because change doesn't happen on its own. ah, make up your room, mind d, w, made for mines. this is deed of the news, africa coming off on the program, facing the challenges of food security and climate change. how can africa feed itself an extended drought and the horn of africa has badly hit harvest's? food prices rising and leaving people worried. they'll stop.