club lever cousin had a good evening against a spanish side defeating athletic o madrid. and a 3rd german team, frankfort slipped past mar, say, now last year's champions. league runners up liverpool to feed it. i acts as he's update up this hour. say today for the business headlines coming up next with my colleague christy plots, and i'm claire richardson in berlin for me and the team here. thank you so much for watching with her. i'm kinda, i think that's hard. and in the end the some me, you are not allowed to you anymore, we will send you back her. are you familiar with this with the smudges

reliance of beef? what's your story. ready he wasn't, i was women, especially victims of violence. and i love to take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen in full migrants, your platform for reliable information. ah, ah, you as inflation figures disappoint consumer price growth barely slows all, but guaranteeing another hike to barring costs. 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 growth. welcome back to the w a 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. while 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 stock exchange. 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 rest right now? they're kristi, definitely a nasty surprise, not just for economists, but for stock trader says, well, the dow jones industrial average dropped by more than 1200 point. so almost 4 percent to the a downside that 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 ford gym for em. housing for em health care. and also as electricity billed. so went up quite a bit so, so definitely a bet. so that's a prophecy or 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, christy 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? yeah, and the federal reserve is very aggressive. i mean, if we see the 75,

a 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 a higher interest rates in the united states list, the dollar higher if you have, for example, emerging markets that are holding that 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 corta, giving us the us and global breakdown. thank you so much. while staying in north america, top us 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 today as well. so the work that we've been doing over many months that we see the united states and mexico see a shared opportunity to build a, an energy future that advances our 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 future than 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 to lever to progress with my bill. 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 became of 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 midsize 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 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 wooton ball. 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 really insure for instance, that and supply of energy and can be increased about finding new atlanta to supply is and in order to cover the russian gas supply, 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 on some 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. it's diesel train on the other hand, what make noise and what stinking. a train like this would need 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 expect inquiries from all over

the world. oliver. i was 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 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 or diesel free. then 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 toich a bon also want to be completely climate neutral. mano tal whether hydrogen trains will replace diesel luck. modest depends on if there is 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 isn't a story 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, all 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 d. w knows you tube channels ross on facebook for me in the whole team here in berlin. thanks for watching and saving. we'll talk anyway possible. now diego has been battling extreme drought for years now the city is counting on

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