out of it is that the israeli military advocate general's office also released a statement saying that it would not open an investigation into any soldier likely to be involved because they don't see or there's no suspicion that criminal offense was committed. so this is likely to be or expected to be the end of the military investigation for now. and that's or time, but stick around for business with daniel winter. don't forget, you can get all the latest news and information around the clock on our website. that is, of course, w dot come unequal. really, thank you so much for a company today. people in trucks injured when trying to flee the city center. more and more refugees are being turned away at the border families, please alma tax in syria to these credit owners

with people lean extreme round off counting $200.00 people around the world. more than 300000000 people are seeking ask why? because no one should have to flee make up your own mind. w. made for mines. ah, ah, can britton's next prime minister fix the country's economy less trust will become pm on tuesday. but even supporters say she has just days to announce plans to tackle the cost of living crisis fuel. by rising energy prices will get the expert

view. and despite the high price of energy oil cartel opec's as it will cut supply will ask an energy analyst. why is that time again? the w business. welcome up to 2 months of political uncertainty. foreign secretary at least, trust is set to become britton's. next prime minister, she won a bid to become chair of the government. conservative party, meaning she'll succeed boris johnson. his party leader, and therefore prime minister shall have a work cutout as well. britain is facing a 40 year high inflation rate and the growing cluster, the employees in the back of soaring energy prices. as trust enters 10 downing street chill inherit an economy that's rapidly shifting towards a possible recession. and market analysts, michael houston is standing by for us in the u. k. i thanks for joining us once again, michael, i'm with all of the issues facing the british economy right now. what should list trust? first steps b, when she gets into office. i think the biggest,

the biggest item in her inbox is obviously the energy crisis as it is for most finance ministers across europe as well. we're probably not going to get cycle sound of a detailed policy quite yet. we should get one by wednesday, tomorrow she goes to belmont to meet the queen to get sworn in. and certainly, i think if her, her speech earlier today to her, i thought i conservatives is any guide. there is a thing can acknowledgement that she will need to do something to take some of the poorest households in the u. k. but i think she needs to go further than that. businesses have been really neglected when it comes to the cost of living or the cost of doing business. and i think there needs to be some measures to ameliorate

the challenges facing them. otherwise, we could see a soon army of unemployment by the end of this year. when she said that there's going to be no handout, she's pledged no new taxes and even tax cuts. and that implies borrowing, at least in the short term. if she does, then want to take action to give support to businesses and consumers, but the rate for 10 year bonds is rising. deutscher bank even says that trust risks, a balance of payments crisis. what do you think? i don't think we're yet said, i think you need to play silly compartmentalize what told is trusted on the campaign trail to conservative party members to the reality when she gets her feet under the table when what she can do is reverse the corporation tax rise because that is not due to take effect until among small businesses and businesses in general. so i think in terms of tax cuts, i think she can reverse what she soon. ag has undertake him to implement. more than

that, i think she is going to struggle. and i think if she can convince people that bailing out or not bailing out, but basically ameliorating the challenges with respect to the energy price hikes for businesses over the course of the next one to 2 years, she can get away with that. she needs to compliment that with measures to reinforce the u. k. longer term energy security. another something which i'm sure that you're watching very closely. um, as well, inflation, it could hit 22 percent early next year. according to goldman sachs. what do you say? what are you saying is this likely? i think that's highly unlikely. i think that was pre, i think that was presupposed that any new u. k. government wouldn't take additional measures to protect the u. k. can see what we're seeing here at the moment is solely driven by a massive rise in energy prices. now the moment we are starting to see energy prices to come down,

u. k. natural gas prices spike significantly higher early on the back of the indefinite shut down of no screen one that i had since form back from the high the day. so that suggests that any new physical package that is coming in lightning to keep it laid on energy costs. i think any impacts on inflation is likely to be tempered by the fact that already, even given the fact that we've seen a big spike in energy prices, in april u. k. consumers are already feeling the page if you bring in the school majors right now, that will stop that fiscal pinch getting any worse, but it's likely that fuel inflation. ok. so some of the actions that trust could take could help to avoid that. but we'll have to see how she does, michael houston. thank you very much for that. stacy on was staying on energy opec and its allies of agreed to a small cut in oil production to bolster prices. as despite calls from several western governments to increase supply to ease inflation caused by the global

energy crisis. benchmark brent crude oil has dropped to round $95.00 per barrel of the surging to $120.00 in june. the price decline comes amid fears of an economic slowdown and recession in the west. it supplies remain tight, rushes as it will stop supplying oil to countries that support a price count on its energy supply. and let's get more on this now with energy analyst, thomas o'donnell. thank you very much for joining us. tom. people may find this decision a bit baffling, right? the world is struggling due to high energy prices, and now opec is just cutting or a 100000 barrels a day, which is a small amount. but why are they doing it at all? well, thanks for having me tonight. ah, it's pretty symbolic. just like a 100000 the other direction. i recently was also fairly symbolic. you know, i think it's actually in a way it's good news for everybody president by tweeted

a couple of days ago that gasoline price is the united states id decline for 82 consecutive days. you know, the price is down considerably, and this is not such a big problem right now. and, you know, opec is worried that there could be recession in europe in the united states and look, china is demand is way down. so they, you know, they're worried about over supplying the market and putting the price. that is not a bad situation, especially if we're going to be taking all the russian seaborne oil off the european american due to sanctions in the beginning of december. you know, it's not a bad situation in preparation for that. okay, well let's turn to gas. according to the financial times, brussels is proposing all about to propose an e white cap on the price of gas, or many other different options on the table as well. but does a price cap e wide sound like a sensible proposal?

well, as you rightly pointed out and from the financial times article as well, and many other proposals, the fishing around a little bit, looking for something that will not only in the eyes of citizens look like they're really doing something, but will really do something. what i'm seeing is that that line has proposed a cap on rush and gas in ports. you know, we're headed towards a future where there won't be any russian gas import over the if it's up to the next couple years we'll see, put, might cut it completely before them. and so that's fine. the other cap that they're talking about so far would be a little more complex, would be the individual countries or individual regions could put some cap. the point is look, they don't want to interfere with the free market. it's the high prices in europe that's drawing all the l n g from asia that you know, and from china and so forth now. and they need that to some extent. but at the same time, the high, high for electricity, which is a big problem,

is because the marginal fuel that we're burning now is natural gas and then gets transmitted. and so they do have the intervening markets and do something. this isn't going to be a hugo chavez thing. we don't have to worry about that. you know, this will be a temporary thing. then we'll have some benefits. yes, it will have some benefits if done properly. ok, well there's a lot of work for an energy analyst like he right now tom, because there's so much going on at the moment. but thank you very much for clearing up those stories for us. right. they have a good and now to some of the other global business stories making use turkeys. official inflation rate hit a new 24 year high of more than 80 percent in august. some analysts expected an even higher rate of the central bank. unexpectedly cut interest rates last month. the turkish lira has lost more than half of its value in the past year. same with currencies, us dollar has surged to a 20 year high against

a basket of 6 currencies, while the euro fell below $0.99. it's lowest since 2002, mid growing concerns over energy prices after russia's complete hold of gas supply by the north stream, one pipeline. the pound also hit its lowest level against the dollar. nearly 3 years ukrainian lives and livelihoods have been destroyed by russia's invasion, but for those who can, returning to work, has been a way to rebuild a sense of normality. just take ukraine's wine makers who are starting the harvest . but reminders of the war a rarely far away at this vineyard, near the front lines, the sounds of warfare no longer raised any eyebrows. for those who stayed behind this year's harvest takes priority. up to you here, the shelves are making a lot of noise, but we keep on working. what else can we do?

we need to work to live level half a day on the field earns workers about 15 euros at the o view. val, vineyard. it's one of the few sources of income left and the region. winemaker puzzle mug aaliyah's invested oliver's savings into the business. he kept producing line, even when his field became the epicenter of the invasion. in february. you'd shop him. the girls who work here kept cutting the grapevines, even as the russians were showing, we were cutting and tying the vines like we're supposed to be fired. shells in the girls dropped to the ground if they stopped shelling and the girl stood up and kept on cutting thongs. that's how it was. since then, the ukrainian army has made enough progress to push the front lines further away from the vineyard, leaving only a distant rumble of artillery and mongolia even more reason for optimism. what's likely this is the year the grapes are doing very well this year. you can see that it's only brush than what i think we've done

a chemical analysis of the characteristics on it. it's all good. it's the wine will be great to build the patches of this field that were hit by missiles have already been replanted for the next harvest. enjoy up to date with dw business. if you want more check us out on the d. w, use youtube channel from the and the business team here in berlin. thanks for watching. back to the future. with an iconic car of the eighty's. so the delorean, one so flop for its manufacturer. now it is reborn as a visionary, electric vehicle. sustainable and sexy. delory red next d w. a joy ride through fascinating worlds

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