lynch the wedding. before we go, a reminder of our top story at this hour. ukrainian troops have recaptured more territory as they drive russian forces out of the eastern harkey region. they're pushing into don bass, where battles are raging for several strategically important towns keeps as its forces are also reclaiming previously occupied territory in the south bay. i'm claire richardson in her land trina team. thank you so much for watching. enjoying the view. come take a look at this tv highlights every week in your inbox. subscribe now for closely ah.

listen carefully. don't know how to do it, go. ah, feel the magic discover the world around you. subscribe to d w documentary on youtube. ah, us inflation figures disappoint consumer price growth barely slows all but guaranteeing another hiked 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 growth. 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 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 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 no 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 a gasoline prices. 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 term for am housing for health care. and also as electricity billed. so went up quite a bit so, so definitely a bad to about surprise sia 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, 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 $75.00 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 or 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 corta, 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 it's nor their 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 future that advances our climate goals. that advances are sustainable growth and it creates new opportunities. they also agreed

to tackle climate change by accelerating the transition to clean energy, particularly through the adoption of 0 emission vehicles. in the pick 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 quicken 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. tried secretary, also promised opportunities for companies and workers in mexico with the cycle 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 f 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 and 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 can be increased about finding new, a tentative suppliers. and in order to have a ration 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 instrument 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. they environmentally friendly train replaces diesel 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 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 have was backed enquiries from

all over the world, followed as tom's competitor. siemens is sending the meal your plus age into the race and is cooperating with thought shavanne. 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 them 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 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 our gas prices declined, 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. news, youtube channel. cross on facebook for me in the whole team here in berlin. thanks for watching. ah, with somalia has been hit hard by community change with a issue. but there is a way out affordable desalination of sea water and initiative by somali business

men demonstrates how it can be done. eco africa. next on d. w with a clinic where women can buy time. because eggs can be frozen and later used for reproduction. in 45 minutes on d, w o. the landscape, a reflection of a turbulent history. the cities, the mosaic of different people and languages o e, ron's mountains reveal on parallel to beauty. that is well yeah,

the scenery is magnificent, but people are warm enough. pacino's exceptionally ah, a special look at a special country. iran from above. start september 16th on d, w. ah, ah, with no one is too young to make a difference. thus, the moto of a dedicated environmental activist based right cherry lake, us and feed.