will pay the price. please forgive me on the day that the took me so long. although we have finally off the 50 years reached our goals. at the end of the day, you are still gone and nothing can change. death didn't help. so and after all was said, and there was a minute of silence as photos of the victims were shown. though they died 50 years ago, their deaths are as painful as ever and he is really present as a cat. sog is continuing, his state visit to germany today will have special live coverage of his address for the german parliament at the top of the hour. you're watching the w news, thanks for being with several dead and wide wing extremist. i'd requested again, well, might be

a couple of wait and burned in south africa. people with disabilities more likely to lose their jobs independent, make black lives matter. shine a spotlight on racially motivated police violence, same sex marriage is being legalized in more and more country discrimination. and inequality or part of everyday life. for many we ask why? because life is diversity. to make up your own mind. d. w. lead for mines. ah, can britton's next prime minister fix the country's economy live? 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 says it will cut supplied, will ask an energy analyst. why is that time again? dw business. welcome up to 2 months of political uncertainty. foreign secretary, at least, trusts is set to become britain's next prime minister. she want to bid to become chair of the governing conservative party, meaning she'll succeed boris johnson, his party leader. and therefore, a prime minister, she'll have a work cut out as well. britain is facing a 40 year high inflation rate and a growing cluster boone, 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 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 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 that 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. and i think you need to basically compartmentalize what tell 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 due 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 of 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 journals. i think in terms of tax cuts, i think she can reverse what were she soon? ag has on the take him to implement more than that. i think she is going to struggle. and i think if she can convince people that filing it 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 because 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 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. consume, what we're seeing here at the moment is solely driven by a massive rise in energy prices. now at the moment, arm we are starting to see energy prices to come down u. k. natural gas prices. spike significantly higher early the done on the back of the indefinite shut down of nodes. frame one they had 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. i think any impact on inflation is likely to be tempered by the fact the already even given the fact that we've seen a big spoken energy prices in april, you k consumers are already feeling the page. if you bring in this school measures right now, that will stop that fiscal prince getting any worse, but he's on the line leads of 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 hewson. thank you very much for that. thank you. and we're 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 a $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. i'm 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 is the united states to decline 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 kind of 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 american due to sanctions in the beginning of december. um, you know, it's not a bad situation in preparation for that. okay, well, let's tend to gas. according to the financial times,

brussels is proposing or 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, and from that 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 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 caps up. 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 to intervene in 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 force. right. they have a good and now to some of the other global business stories making news. turkeys, official inflation rate hit a new 24 year high of more than 80 percent in august. some analysts expected and

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 halt of gas applied by the north stream one pipeline. the pound also hit its lowest level against the dollar, and 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 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 year's harvest takes priority. up the phone, 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 pablo, my goliath invested all of a 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 be 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 front lines 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 was on russian laughing. we've done a chemical analysis of the characteristics on it. it's all good. this the wine will be great to book the patches of his field that were hit by miss sales. have already been replanted for the next harvest. and joe 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. oh, is it okay to simply make music in times with an encounter with ukrainian store conductor on a limb you celebrated by audiences?

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