dred and a 3rd german team, frankfort slipped past marcell, last year's champions, league runners up liverpool defeated ion you're watching dw news, her business news is up next with christy plants, and i will see you tomorrow. with every journey is full of surprises. we've gone all out to give you some tips one day in the footsteps. also rayquil and i'm in europe. northern

most count, please. ah, train time milan. but still very much alive. d. w channel, you'll guy to his essential hassan in germany, knew it recognized where exactly it was fun and i learned a lot our culture history, all their d. w. travel extremely worth a visit with ah, u. s. inflation figures disappoint consumer price growth barely slowest. all but guaranteeing another high to borrowing cost. what does this mean for developing markets? also on the show will take a peek into the future and ride the rails with

a clean running train powered by hydrogen. and berlin promises to throw cash at small and mid sized businesses as the threats of insolvency. gross. welcome back to the w business. i'm christy plaza, in berlin, while experts had been optimistic, but consumer price growth in the u. s. slowed only slightly. in august inflation clocked in at 8.3 percent year on year down from 8.5 percent. the month before our gas prices declined the cost of rent and food rows increasing the monthly consumer price index by 0 point one percent. stock prices tumbled on the news. investors are worried about more aggressive policies from the federal reserve. president joe biden said more time is needed for inflation to slow down while he's certainly thinking about the upcoming mid term elections for more in these figures. let's bring and jens corta, i up in new york saca shane's hi there, yan. so as we just said, economists were disappointed today. what do the results teach us about the cause of

inflation in the best right now? near christie? definitely a nasty surprise not just for economists, but for stock trader says, well, the dow jones industrial average drop by more than 1200 point. so almost 4 percent to the a downside to what we've basically learned is that an inflation is not just caused by m high energy prices. so you mentioned to gasoline price as they actually dropped on average since to june by about 26 percent. but you had other parts of the economy where prices kept rising, especially for food to him for am housing for health care and also as electricity billed. so went up quite a bit so, so definitely a bet. so about surprise. you are when it comes to those inflation numbers. okay, we're gonna talk to me a little bit about what the u. s. federal reserve is thinking right now. we're expecting another rate hike decision from them like next week. what?

what are you thinking? yeah, of course the next week wednesday, that's where we will have the next official fed meeting and there is no guessing we will see at least an interest rate increased by 75 basis points. some analysts even believed we could see a full percentage point and then also another increase by $75.00 basis points at the november meeting could be in the card said. so it's obvious that the federal reserve is going to act aggressively. and that on the other side, to co term economic growth here in the united states in the months. okay. okay, well, talking about hurting the united states. i mean, i know that the international monetary fund as early as january was warning, emergency emerging economies that they needed to prepare for aggressive height rakes in the u. s. this was before energy markets went wild out what to these high rate hikes mean for those markets? there in the federal reserve is very aggressive. i mean,

if we see the 75 for of basis point increase next week, that will be the 3rd such increase in the past us, we effect a meeting. so it's, it's very aggressive. and what that does, on the other side is higher interest rates in the united states list, the dollar higher if you have, for example, emerging markets that are holding debt in u. s. dollar. this debt becomes even much worse for those 2 countries. therefore, it's crucial. what's happening here with interest rates, which the dollar also for the rest of the world, and especially also for emerging markets against quarter giving us the us and global breakdown. thank you so much. while staying in north america, top u. s. and mexican trade officials met this week in mexico city for the annual high level economic dialogue. the 2 delegations reviewed progress from the previous year, looking in particular at immigration energy and trade issues. also on the table, the question of how mexico and its northern neighbor could work together on micro

chip production. trade officials arriving for talks on a chilly d, the high level economic dialogue between mexico and the united states. this mechanism promote strategic economic and tried priorities for both countries. it seeks to promote development and economic growth, job creation, improved competitiveness, and to reduce inequality gaps between the 2. it's a tough task. one sticking point is the mexican government's nationalist energy policy. mexico's position, worries, washington. i think it's evident from the conversations that we had the day as well. so the work that we've been doing over many months that we see the united states and mexico see ah, a shared opportunity to build a, an energy hutto that advances are climate goals. that advances are sustainable growth and it creates new opportunities. they also

a great to tackle climate change by accelerating the transition to clean energy, particularly through the adoption of 0 emission vehicles. it's moving up at m e for mexico. this means jobs integration and a future that we think mexico could perhaps double its current growth with what was promised us to die. this means we can diminish poverty faster that the countries infrastructure can grow a lot faster, illegal to progress workers from a repeal. they also agreed to work on a pilot program to determine the feasibility of production centers for semiconductor parts in china and taiwan. there's about 60 did testing packaging. and assembly industry for semiconductors is a $60000000000.00 industry in north america. it's $3000000000.00. so there is

a huge opportunity for growth in north america and job creation just in the semiconductor supply chain. you trade the u. s. trade secretary also promised opportunities for companies and workers in mexico with the circle chip act which subsidizes this industry in the u. s. with $52000000000.00, and also with the us inflation reduction act, which offers incentives to buy electric cars. now to some of the other global business stories making this global banking behemoth goldman sachs will cut hundreds of jobs as early as this month. the company had paused lay offs for the last 2 years because of the pandemic. goldman sachs employed $47000.00 people at the end of the 2nd quarter this year. a majority of twitter shareholders have voted in favor of the companies $44000000000.00 sale to you on must accepting an offer that's a 3rd higher than the current stock value mosque, however, maintains he won't go ahead with the acquisition, arguing he was misled over the spam accounts,

the german government is vowing rapid cash assistance for small and mid sized companies facing massive energy bills this winter. on tuesday, the german economy minister met with industry industry groups from across the country. they've been pressuring berlin for help, as energy prices soar to record heights to, to hyped to high, to pass along to consumers. some firms are already lowering production industry leaders are meanwhile warning of growing insolvency as well. earlier we spoke to economists, katarina whitmore, she told us that this winter will be tougher businesses and households alike. well, let's just say the burden on governments is probably even greater than doing it. and i think on the one end, they have to be insure for instance, that and supply of energy and can be increased about finding new attorney to suppliers. and in order to cover the russian gas to play, get em at the same time. they also need to implement measures to shield the private

sector from the sky high energy prices and here, and it's not just about a corporate this time. i think the focus will be also much more on households. so in addition to, let's say, the traditional cove, it instruments that we have seen like state guaranteed loans and a fellow for instance. and i think more focus will also be have to be put on households that really will and face a tough time to pay the energy pills and, and we need to see more action to not just avoid corporate insolvency this time, but also household influences rising energy prices have given fresh momentum 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 develop into maturity that could take a while. but much of the work is already underway today, including among some real companies. take a look. the r b $31.00 regional train arrives and claim 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 or commodus passengers on board don't see any disadvantages. this train is driving very smoothly through the landscape diesel train. on the other hand, what make noise and what's thing? a train like this would not 800 liters of diesel a day. 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. oh, europe is certainly the driving force because this is where the technology is most widespread. and the legal framework is the best we have was backed enquiries from

all over the world. well, over ice tom's competitor, siemens is sending the meal your 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 its 1st public test run was a success. but the 1st siemens trains won't be used on regional lines for at least 2 years. there's still a long way to go before railroads or diesel free than pipe. however, 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 boy, javan also want to be completely climate neutral monitor whether 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. and here's a reminder of the top is the star we're following for you this hour. in august,

us inflation clocked in at 8.3 percent year on year down from 8.5 percent. the month before our gas prices decline, the cost of rent and food rows increasing the monthly consumer price index by 0 point one percent. the u. s. federal reserve is likely to announce another aggressive interest rate hike in response. well, that was our show for more. you can check us out at d, w dot com backslash business, and the dw news youtube channel, cross on facebook for me in the whole team here in berlin. thanks for watching. ah, with a love jim been wonderful. ooh. in a relationship of equal or a rarity in mexico, where tradition still expects women to submit to men. but

a new generation wants to change that love and sex taboos in mexico. anywhere else in the wealth we are on the ground asking, is it possible to waste the war on drugs you can help with today? because does go legislation by fin repeating the bug. detroit begins with an object, so that's a decent percent. as someone baffled beams, to play mentors and so on, d, w o, people the world over d, w on facebook and twitter, up to date and in touch, and follow us with the landscape. a reflection of a turbulent history. the cindy's, the mosaic of different people and languages v ron's mountains reveal

unparalleled beauty. ah, a special look at a special country he loan from above start september 16th on d. w with sex is a pretty complicated business in mexico. the country is all about passion in temptation yet there are many taboo.