expected to be the end of the military investigation for now. all right, your update your up to date. rather, i'll be back at the top of the hour with more international news until then to stick around. daniel winter, we'll have all your business headlines up next. and don't forget, you can always get all the latest news on our website. that's d, w dot com. and of course we're on twitter, youtube as well. i'm here until cumberland. thanks for joining us. we're all good to go beyond the obvious. where as we take on the world 8 hours, i do all this. yeah. we're all about the stories that matter to you.

whatever you take by policemen follow with here we are, your is actually on fire made for mines. if someone else to the tv highlights, it's selected for you. you every week in your inbox, subscribe now. ah, can britton's next prime minister fix the country's economy? liz 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 to you. and despite the high price of energy oil cartel, opec says it will cut supply will ask an energy analyst. why is

that time? dw business welcomed after 2 months of political uncertainty. foreign secretary at least trust is set to become britton's. next prime minister. she wanna bid to become chair of the government. conservative party, meaning she'll succeed boris johnson, his party leader. and therefore a prime minister. she'll have her work cut out as well. britain is facing a 40 year high inflation rate and a growing cluster loan in the back of soaring energy prices. as trust enters 10 downing street, shall inherit an economy that's rapidly shifting towards a possible recession. and market analysts, michael houston is standing bite 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 as 1st 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 psyched or 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 handouts, 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 with a 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's not you to take effect until next year. and i think she can get away with rolling back the national insurance increase that came into effect in april this year. that was widely criticized at the time by a number of people because of the extra strain it puts on small businesses and businesses in general. so i think in terms of tax cuts,

i think she can reverse what were 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 this fact to own the energy price hikes for businesses over the course of the next one to 2 years, she can get away with that. but she needs to compliment that with measures to reinforce the you case, 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 do you think is this likely? i think that's highly unlikely. i think that was pre, i think that was chris supposed that any new u. k. government wouldn't take additional measures to protect the u. k. consume. what we're seeing here at the moment is solely driven by a massive rise in energy prices. now at the moment, we are starting to see energy prices to come down. new k natural gas prices. spike

significantly higher, early, done. on the back of the indefinite shut down of not spring one, they high since form back from their highs the day. so that suggests that any new fiscal package that is coming is likely to keep a lead on energy costs. and i think any impact 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 you k, consumers are already feeling the pinch. if you bring in this school measures right now, that will stock that fiscal pinch getting any worse, but he's on the line leads to fuel inflation. okay, so some of the actions that trust could take could help to avert that. but we'll have to see how she does michael hughes, and thank you very much for that. thank you. i'm with 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 $9.00 to $5.00 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 supplies remain tight. russia says 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 out a $100000.00 barrels a day, which is a small amount. but why are they doing it at all? well, thanks for having me tonight. i'm. 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 the united states had declined for 82 consecutive days. you know, the price is down considerably. so this is not such a big problem right now and, you know, opec is worry, it could be recession in europe, in the united states and look, china is demand is way down. so the, 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 seymour and oil off the european market due to sanctions in the beginning of december. um, no, 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, you wide sound like a sensible proposal?

well, as you rightly pointed out in 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've seen is that down the line has proposed a cap on russian gas in ports. you know, we're headed towards a future where there won't be any russian gas in ports 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 cat that they're talking about so far would be a little more complex to be the individual countries or individual regions. good. when some cats, ok, 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 price of electricity, which is a big problem, is because the marginal fuel that we're burning now is natural gas. and that 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, thank you. have a good a 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 rushes complete halt of gas applied 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 away to rebuild a sense of normality. just take ukraine's wine makers who are starting the harvest . but reminders of the war are 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 years, harvest takes priority. you hear 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, new vineyard. it's one of the few sources of income left in the region. winemaker. pavlov. my goliath invested all of his savings into the business. he kept producing line, even when his field became the epicenter of the invasion in february. jumping to the girls who work here kept cutting the grape vines, even as the russians were showing we were cutting and tying the vines like we're supposed to. they fired shells. my 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 frontlines further away from the vineyard, leaving only a distant rumble of artillery and magnolia. you've even more reason for optimism. what's likely this is the year the grapes are doing very well this year. you can

see that the summer mostly what i think we've done a chemical analysis of the characteristics on it. it's all good deal. it's the wine will be great to build the patches of his field that were hit by missiles have already been replanted for the next harvest. and you're 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. good, buy a new tragedy. hello nato. finland wants to join the western military alliance. the association of reservists is in favor of the move, conscientious objectors, brigitte. what are their reasons? and how does the rest of the population view the end of neutrality close on the next, on d,

w. in invisible enemy caused mass devastation during world war one, the spanish flu. it became one of the greatest disasters of the 20th century. a global investigation on earth, new archival footage, and asked the question, what can we learn from this tragedy today? in 45 minutes on d, w. a . will you become a criminal pre climb alia? already know who's coming to take, told me about hackers, paralyzing me to your societies. computers that out sure. you

and governments that go crazy for your data. we explain how these technologies work, how they can only go what we'll send for. and that's how they can also go terribly . ah, watch it, no new to the die is cast. finland has applied to join nato. 20 year old. really no. me and his fellow pacifists believe this is a mistake and a dangerous one of that. know me is a conscientious.