ah, you're watching the w news ally from berlin. kate ferguson is up next with d. w a business, and i'll be back in 45 minutes. in the meantime, you can check out d, w dot com for the latest, and don't forget, you can also find us on twitter and instagram at d. w. news. i'm a will last. i've got in berlin for me in the team. hey, thanks for watching. ah sh her i'm just kinda, i think that's hard 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 smugglers reliance of the what's your story. ready i mean, wasn't, i was women,

especially and victims of violence and take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen in phil migrants, your platform for reliable information o u. s. job growth flow is as high borrowing cost make it harder for businesses to expand. we'll ask our correspondent if the red hot labor market is fizzling and want that could mean for inflation. energy bill is going to go up. i 95000 a year going from 13002800000 pound flooring and

this is the w business. i'm kate ferguson. the thank joining me. the pace of hiring in the united states is down, but the country is still out at $315000.00 new jobs in the month of august. those figures come from i much awaited jobs report, which some analysts for interpreting as a find on rising interest. rates and fears of a recession are discouraging businesses from expanding. the slowdown in new hiring has reduced fears of inflation with shares initially rising on the news. let's talk more about this with the ws financial correspondent, james sweeney in new york. hi, james. good to see know 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 applies of 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 rising. that hurts the bottom line for a business. and wilson's business is 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 came to me 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 buys talking to people about how the energy crisis has affected them personally. tell us about the owner of the orchard t guidance. yes. so i came across charles bunker over twitter 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. bunker himself. energy bill is going to go up $95000.00 a year going from 201208000 pounds. how are you so ludicrous that you can you you have to law. we all the want to see, god is a microcosm of what is happening to the u. k. hospitality center. oh, the use energy charges are literally not sustainable. and lee, he's talking by the thing a completely unsustainable situation. you've been talking to some energy experts as well. what are they advising and the government do to take control of this crisis for there are really 4 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 of houses were better insulated demand for heating wood under our anatomy full. now the number number 2 is that direct payments will have to go to the home to, to families, to 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 plea 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 an equivalent clean, bring us to energy independence but also help us in the climate crisis. and now in terms of business owners, a, one of the things that example mr. bunker has asked for in 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 locked down and, and well on the, on the, on the business side likes 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 only gordon 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 ther, anacio 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 this 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 the us. and that's $1000.00 pages, plans, blueprints, expertise, as are noise, 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 grimm result investment in wind energy in germany. is not growing but as 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 austin 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 through the renewals, 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 fire 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 rehab news. new brunswick isn't before 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

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