said it recaptured an additional 20 northeast and towns and villages over the past 8th. as russian troops retreat and william router has been sworn in as can use new president to the ceremony and a pack stay given. nairobi he takes over a country that faces a cost of living crisis and a crushing drought. you're up to date. business news is coming up next with steve and basically, i minute kips mckinnon. i'll be back with more headlines at the top of the alex. ah, with every journey is full of surprises. we've gone all out to give you some tips with rigby home. i'm in your northern

most count the please. ah, for a time line. but still very much alive. d. w. travel you'll guy to the special with recognizes where exactly it was fun and i have learned a lot our culture history. all their d. w. travel extremely worth a visit. ah, ah. berlin bells rapid cash support to it struggling small and mid sized businesses. some firms are already cutting back on production as energy prices sore, and the threat of insolvency is growing. also on our show will take

a peek into the future and ride the rails that they clean running train powered by hydrogen, and italy frets of a rising gas prices. and not just because of the cost of heating. we'll look at the sticky debate surrounding pasta. hello, welcome to the show. i'm from beardsley in berlin. good, have you with us. the german government is vowing rapid cash assistance for small and mid sized companies facing massive energy bills this winter. the german economy minister meeting today with industry groups from across the country. they've been pressuring berlin for help, as energy prices sore to record heights, leaving them unable to pass cost along to consumers. some firms are already lowering production industry leaders or meanwhile warning of growing insolvency. s . l economists are now projecting a winter recession for germany, saying the economy will likely contract in 2023. recent figures are already drawing

and increasingly grim outlook. take a look. new data confirming an annual inflation rate of almost 8 percent for august . the higher price is cut into purchasing power, making it difficult for consumers to afford the same things this year that they could a year prior. now, behind that, inflation is soaring, energy cost led, in particular by natural gas. the european benchmark is now 3 quarters more expensive than it was this time last year. russia's war on ukraine and europe's response is largely responsible for that trends. another worrying figure is the growing number of insolvency in germany or the number of companies that cannot cover their own debts or liabilities. and that figure rose 6.6 percent in july from the prior month. and those are the let, the, the fresh of figures that we have, i should say, a take a listen to the words of economists. katerina winter ball. i asked her what kind of winter german businesses we're about to face. i think this will, we will be the german economy slipping into recession. this is inevitable.

inflation is just too high, where consumers will close at purses and not entering the winter money will have to be kept in order to pay energy bill. this is the main concern of course, and then we also see industry shutting down production given the sky high energy prices. so this is going to be a shock. recession at the turn of the year is going to be in utah recovery because the democrats working up the gas, the, i guess it's not going to go away anytime. to what extent can government aid really help? here we of course, think about what happened during the coven recession, a very sharp fall off in all kinds of economic output. this is obviously different . can government help bridge the gap when we're talking about resources like natural gas, expensive energy, things like that? well, let's just say the burden on governments is probably even greater than doing corporate . and i think on the one end, they have to be insure for instance,

that the supply of energy can be increased by finding new accredited suppliers in order to have a rush and gas to get at the same time. they also need to implement better to shield the private sector from the sky high energy prices. and here it's not just about corporate this time. i think the focus will be much more on households. so in addition to, let's say, the traditional koby instruments that seem like a guaranteed loan. and for instance, i think more focus will also be have to be put on households that really will have time to pay the energy pills. and we need to see more action to not just avoid corporate policy this time, but also household influences. so much talk about this coming winter. what can we expect in the long term?

you mentioned next winter for example, how long will we face this kind of economic challenge due to these energy prices? so i believe that the risk of for rationing for this winter has decreased pretty low levels. and this is mostly due to storage facilities filling up sooner than expected. so this will help us get through this winter. but then we will have a gas supply get next here, unless we really mobilize a ton of to suppliers. and therefore, because this is an adventure and my energy prices to remain high for me next year, therefore this will weigh on economic activity and post one of the key headwinds to the recovery. even in the 2nd half of next year. on top of that, we also have the normalization drive of the c b, which will post additional headwind and not to forget and lingering do political

uncertainty. we're not going to go back to the situation as we had in 2021 or even 2019 when we got to global uncertainty. and of course, as an additional headwind or an expert based economy such as jenny. alright, catherine with mo, senior economists at all at allianz. thank you very much. thank you. those rising energy prices are giving new impetus to the build out of renewables. hydrogen in particular, is seen as a promising alternative to fuels, provided that a network of producers, distributors, and end users develops into maturity. or that could take a while, but much of the work is already underway to day, including among some rail companies, take a look. the r b 31 regional train arrives and prim a further a small town in northern germany. the train runs on hydrogen, a fuel cell on the rooftop and an electric engine make the wheels turn. the

environmentally friendly train replaces diesel commodus passengers on board. don't see any disadvantages. this train is driving very smoothly through the landscape. it diesel train on the other hand, what make noise and what stinking. a train like this would not 800 liters of diesel a day of hydro. janice better one downer, the hydrogen used comes from a nearby chemical plant and is still produced with fossil energy. so it is not c o 2 neutral. but that will soon change got to we are currently planning to build an electrolysis plant at the service station and them. a further electrolysis plant will be powered by wind or solar energy. this will enable as to produce green hydrogen on site. the train will then be c o 2 neutral

north, high foreign kind of the train from frenchman. a factual i'll storm was developed by german engineers. the hydrogen train is a truly international product. the cars come from poland. the fuel cells are manufactured in canada. it's the world's 1st hydrogen train to be mass produced or by europe is certainly the driving force because this is where the technology is most widespread. and the legal framework is the best. we expect inquiries from all over the world beloved as tom's competitor. siemens is sending them merely or plus age into the race and is cooperating with thought siobhan, however, the seamans train is still making its rounds on a test track. and it's 1st public test run was a success. but the 1st siemens trains won't be used on regional lines for at least

2 years. they're still a long way to go before railroads are diesel free than pica. we've declared war on the $3000.00 diesel locomotives, which we would like to sideline in the interest of the climate by 2040 at the latest, which is when we as toich a bon also want to be completely climate neutral monotonic, weather hydrogen trains will replace diesel locomotives depends on if there's enough inexpensive, green hydrogen available, plus hydrogen trains will have to continue proving themselves out on the tracks. let's go now to some of the other global business stories making headlines. the u. case unemployment has fallen to a record low dropping to 3.6 percent in july. more british workers left the labor market in the 3 months leading to june, potentially adding to the countries inflation woes. indian conglomerate, vedanta, anti ones, fox con, have signed an agreement to invest nearly $20000000000.00 in the construction of

a semiconductor factory. in india. the indian government says it will subsidize the project with incentives that include cheaper energy. the venture is expected to create up to 100000 jobs. a majority of twitter shell shareholders have voted in favor of the company's $44000000000.00 sale to ellen musk accepting an offer that's a 3rd higher than the current stock for value mosque. however, still maintains he won't go ahead with the acquisition, arguing he was misled over spam accounts. heating costs may be the big discussion of many european households this winter. but for italian households and restaurants, soaring gas prices are also opposed to the guy. a debate is now raging about more energy efficient ways to cook pasta and it's left. some cooks fired up. most italians will tell you that cooking pastor without a burning flame is a no no. but with energy costs going through the roof. a growing minority argue

that once the boiling temperature has reached past i can be cooked with a stove. flame turned off. this summer tino restaurant in rome has been in the same family for almost 100 years. the owners saw also concerned about rising energy costs minimum. 40 down, up on them, we were just coming out of the pandemic. show me that really knocked us out. and finally, now that we are working again and making some profit, what were suffering because of the increases in our gas and energy bills, bengal on mean study. we listen creating a lot of problems for our business because we're trying not to raise prices running . but i'm not sure how long we can resist sony. but she doesn't think that saving on guess is a viable solution. her restaurant proudly displaced evidence of world famous dinah's hoof praised the food. and her accustom us one pasta, alden tay, which means firm to the bite and not over cooked. she's not alone in her strict

adherence to the laws of pasa hello, douglas f o. in danbury, batten boys sell stay. so i'm know the result can't do the same because without flame we're only softening the past and we're not cooking it any law didn't backdoor, alabaster boiling water is necessary to keep the cooking pastor at a constant temperature. if we turn off the heat, we give the starch is the chance to get out from the pasta. and she had a pasta will become much heavier to digest allowable. the leading italian past produces association estimated that turning off the flame early could half the gas used. but traditionalists have their own energy saving tips, useless water, and keep the lid on the pot while you bring the water to a boil. or it is a reminder of our top business story. the german government is vowing more

assistance for small and mid sized companies facing massive energy bills. this winter, the country's economy minister meeting today with industry groups from across the country. they've been pressuring berlin for help, as energy prices soar to record highs. and that's it for me and the dw business team, as always, you can find out more about these and other stories online. g, w dot com slash business. check us out on youtube as well. we're under the d w. news channels i'm seeking. there's like watching. ah, you've come to come back particulate matter. researchers want to purify he, i wouldn't not true method. the results from preliminary tests conducted under via wells conditions. ah hope and his cleaning method also useful on building

experimenting to create a better quality of life in cities tomorrow today d w. these places in europe are smashing all the records. step into a bold adventure. it's the treasure map for modern globetrotters. discover some of you will record breaking sites on your mac, youtube and now also in book form, creating a green oasis inside a road tunnel. what can this experiment teach us about making cities more livable stress in the city? what effect distress half on our brains and good.