an election on that, it's ridiculous. there are a lot of big questions in our society today. that in some ways hasn't been addressed correctly. and i think a lot of people have been longing for a change even though that change. so sometimes means shipping the, the polarity to the rights in this case they go back to the sunday spout was one of the closest elections ever and sweden that's it. you're up to date. more world news at the top of a our christy plots and has your business update a just a moment. looking at the european union, tony away from russia and china inch such as new energy sources. i'm good with we're all set to go beyond the obvious

as we take on the world. 8 hours. i do all the fans, we're all about the stories that matter to you. whatever it takes to find police, my follow being paid. you know, we are, your is actually on fire made for mines. ah, the european union shops for new friends trying to win itself off china and russia . the block is turning elsewhere for energy and rare earth will the u. s. follow suit also on the show german farmers facing drought find new ways to squeeze every

last drop of water from their surroundings without further stressing ground supplies. and the end of an era in the u. k is driving new demand for memorabilia of liquid. well, this is d w business. i'm christy plots, and in berlin many topics were on the table for wednesday. wednesday is state of the union address by the european commission, the war new crane rising gas prices, europe's dependency for energy and a levy on energy company profits ah decked in yellow and blue to show solidarity with ukraine. ursula fund ally and president of the european commission proposed changes to how the ego does business. she emphasized that the e you needs to reduce its dependency on russia and china for energy and rare earth materials. last year, russian gas accounted for 40 percent of our imported gas. today it's down to 9 percent. but we also seen that russia keeps actively manipulating our

energy market. i mean, they prefer to flare the gas instead of sending it to europe according to the contracts that are existing. this opens doors for wider trade opportunities with chile, mexico, and new zealand. according to the commission, president, negotiations with these countries are complete and just awaiting final ratification . both chile and mexico are home to many rare earth elements that the e u needs. the un human rights wing recently accused eaves biggest straight partner china of possible crimes against humanity against that legal muslims in the country . acclaim china vehemently denies. and to day china controls the globally global processing industry. almost 90 percent 90 percent of rare earth and 60 percent less young a process than china

a funder lion also mentioned the need to make progress in trade with other countries like india and australia. her address comes at a time when the e. u is looking for solutions to rising energy prices, including a proposal to tax windfall energy company profits in order to assist those who need help sting won this winter. well, this isn't just an issue for europe, for look from the americas. we bring in yann's quarter at the new york stock exchange, either young's. so talk to me about how big players an industry, heavy weights are over there, feel about china right now. while i mean, overall, there clearly is a tendency to take some production production out of for china. i'm bringing them somewhere else that had been as survey by the european union chamber of commerce and china recently actually showing that one and 4 companies, sir, are thinking of shifting a current of plants in the westman some somewhere else referred from some big

u. s. corporations, for example, of google, they're considering bringing and part of the production for the new a pixel phone out of china. the same is true and for apple was the i $4.14, but also the south korean, a company or some. some for example, is looking to taking or at least some production. i'm out of truck. okay. well young, we just heard the european commission talking about moving to chilly, moving to mexico, some of us production, what countries are interesting to the us right now? yeah, and maybe also a to have one of word to him on the reasons why corporations for example, are looking at some other destination. so, i mean, there had been some political or clustered so, but then clearly also all the locked arms and china have been them hurt for, for some corporations. well, what countries might better sit where my production come to depends a little bit on the industry. if you don't get the tech world,

if you look go at google, apple for incense, so samsung, they're looking at countries like good ma'am, like india, a for instance. but then also look at the fashion industry. they already had been a movement towards the middle america, honduras gord ramada, of for example. that is at least where some you, as a fashion accompanies some start production and that mexico is another destination when it comes to semi conductors. so build for the u. s. and the global market. alright, and now i was just really briefly, we saw china's economy, really bloom as it opened up to the west. could we see a similar boom as the u. s. in europe, look into these other countries there grew saving, you can't copy, paste this success story. and then also if we talk about some tendencies, some a moving to production out of a giant. i mean that's going to be a rather slow process. we heard from the foreign minister of, from mexico, for example. he believes that actually the economic growth in mexico could double

was that the next couple of years, for instance, with m. c, me conductor production and coming to that state. so it would be a copy of paste, but clearly some companies of cut some countries i will definitely benefit from this st. john's car to thank you so much. now to some of the other global business stories making, this francis prime minister announced the country's plan to cap power and gas price increases for households at 15 percent. next year. it's a movement to protect consumers from europe's worst energy crisis. in decades, the capital cost the state 16000000000 euros and prevent household bills from more than doubling. german gas in puerto mooney per is edging closer to nationalization as the german government considers taking a controlling stake in the company. this report comes as when he per seeks another aid package. the company is germany's largest importer of russian gas and it burned through its cash reserves. after after moscow slashed gas flows to germany,

we record temperatures in europe have led to dry weather and farmers across the continent are struggling. here's the look at how they're coping right here in germany. this irrigation boom operates around the clock to water. this field of beats, but even in northern germany, irrigation water is dwindling. pharma fatally coll bowden has to take more ground water than he's actually entitled to. then get us hope if we want to get the problem under control, in the long term, we need a network of reservoirs way wasted water is collected on fire betten rainwater storage tanks and needed. but these newly harvested beats said to help keep the water in the area. how does that work exactly? the beats arrive at the local sugar factory. tons of them each containing 80 percent water. the sugar is separated, but the farmers want to harness the water from these vegetables for irrigation. the

beat water from the factory is stored in this basin. it's enough to irrigate an area, the size of around $6500.00 football fields. the local head of the water in soil associations was one of the people who came up with the idea of this catchment bison given in europe and germany and principal world wide will have to hold back water in many places in order to counteract climate change. because at the end of the day, water is a crucial factor in surviving climate change. 100. i'll have to hurry because the water table is sinking. these electrically operated bull pumps belong to pharma, huntsville, al havilland. his electricity and operating costs are exploding. couples with whom i live already used, a 130000 euros of electricity just for may and june. now i'm waiting for the bill to come for july. in order to reduce water consumption for irrigating potatoes,

he uses drip houses which come from an israeli company specializing in desert irrigation. here at a sewage treatment plan in the region, the goal is to collect water and prevent it from flowing amused into the rivers. it's another example of attempts to stabilize the ground water level here. this time with purified sewage water is picking. visitation is now used as a some for the pump with which we divert the water into the forest area where it's then trickled among the trees. so easy in the neighboring forest, the ground water reservoirs i know able to replenish. that's good for nature of course. but also for the farmers in the area who use the ground water. breadth are bidding farewell to their monarch this week, and many are looking for a piece of memorabilia to mark the passing of an era. but soon our vendors are also doing well in other parts of the world. take a look the line to get into westminster hall is expected to be many kilometers

long as hundreds of thousands try to get a glimpse of the queen's coffin. and his brits bid farewell to the popular monarch . they are also spending money on memorabilia and souvenirs to remember her by at the cool britannia store coffee mugs and sweaters. b of the queen's portrait and a slogan, gone but not forgotten. ashley, the mugs with fish. for. oh no hot. i'm gone but not forgotten. that's been really popular. and here people buying a lot, especially leticia and stores are already looking to the future. but it might take a few days to get king charles memorabilia. we haven't planned any t shirts or clothing yet, but hopefully the marks will come from thursday for king charles. yes,

souvenirs are also in high demand in place as far from the u. k. like in hong kong, which was ruled by britain until being handed over to china in 1997 bryan on owns house of men, a memorabilia shop. oh, why mean what hong kong people miss is not only the queen, but the time when hong kong was under her rule or hunger. it was during the british colonial time when hong kong developed to become a metropolitan city waitlist meets west vehicle. so i think there's a sentimental feeling towards the queen, which was more than her as a ruler. it's the feeling towards hong kong colonial past and go home. gong us content was all joya with beijing's clamp down in the city, and it's broad democracy protests many hong kong as share the feeling and are more than happy to pay for anything to remember the queen prince pens or even silver coins like this customer. so i feel very sad.

i know the queen was an important figure for hong kong people. i will miss her. i don't wanna and a reminder of the top business story. we're falling for you this hour. you commission president ursula bonner land has announced a proposal to secure critical raw materials like lithium outside of china, vondell and called for identifying projects and building reserves that could secure supplies of rare earths and more well, that was our show for me and the whole team here in berlin, thank you so much for watching and say tomorrow with to own or not to own. mm hm. what about a sharing economy instead?

a change in thinking is changing the economy to create something new. the economics magazine made in germany next on d. w for 70 years. she was a great comfort during turbulent times for many brits queen elizabeth the 2nd a devoted monarch who gave everything for her country and she was love for it. now her son charles has ascended the throne. i shall strive to follow the inspiring example. i have been since focused on europe in 60 minutes on d. w ah. in the landscape.

a reflection of a turbulent history. the cities, the mosaic of different people and languages o. e. ron's mountains reveal unparalleled beauty. that april. yeah, the scenery is magnificent, but people are warm and our position is exceptionally ah, a special look at a special country. iran from above. start september 16th on d. w. ah. ah, ah, ah, ah. vast wind farms can give the impression that these.