the government has prepared huge amounts of fuel, water meals, and emergency personnel to try and mitigate what looks likely to be a full blown disaster. all right, well that's all for now coming up after the break dw business with stephen beardsley. he looks at the impact of the surging daughter and don't forget you can stay up to date on our website, dw, dot com. and of course follow up on our social media. cancer handle is dw news on pablo foley. yes, from me on the team here in berlin. thanks for watching. take care and i'll see you again at the top. the next hour with every journey is full of surprises. we've gone all out to give you some time. one day in the, in the footsteps of the rake reason, i'm in your northern most count to play

with 3 times a lot, but still very much alive. d, w channel, you'll guy to his essential health in germany. it 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. growing evidence of a deliberate act after leaks turn up into gas pipelines in the baltic sea. what does it mean for europe's gas supply and it's critical infrastructure as it enters what's expected to be a difficult winter? also on our show, we'll look at how searching us dollar is putting sure on other currencies around

the world. and parts of pakistan have suffered mightily from recent floods. now, another painful chapter could just be beginning as production falls across farm lands, threatening the food supply. welcome to the show i'm seeing fiercely in berlin. european leaders express concern of growing evidence that a pair of gas pipelines between russia and europe were deliberately damage and the baltic c. u commission president ursula vonda lion saying member states would investigate the incidence of several other european leaders called the damage to the north stream. one and north stream 2 pipelines, deliberate or even sabotage. european gas prices climbed on the news. neither pipeline was in use, but both could now be out of commission for the winter or i from on this, i'm joined by my colleague cassandra son here in studio convention. you've been following this. we've seen a lot of strong comments from european leaders. what exactly are they saying about

this? the comments are strong and they've been getting stronger over the course of the day. the swedish prime minister has called this sabotaged using that word explicitly. the danish prime minister is using words like deliberate actions with denmark's foreign minister headed to brussels to talk to the head of nato. about these leaks. a polish prime minister has been even more explicit saying that this is sabotaging directly pointing to russia as possible perpetrators. the ukrainians ratcheting up the language a bit more appoint to russia, called in, quote, an act of aggression towards the e. you. meanwhile, the kremlin a common spoken. i said he was extremely concerned about the incident because it affects the quote, the energy security of the entire continent, and added that the possibility of a deliberate deliberate attack can't, cannot be rolled out. neither of these pipelines, delivering gas from what we understand. and it appears that now they're not going to be able to for this winter, which as i just sort of expect it to be a very difficult one in terms of supply. does this have any bearing on supply? if is her out of commission?

so this cumberland quotes me this club kremlin, spoke on quote me, it was quite interesting because this idea, the effects energy security of the entire continent is something that the a german economy ministry has tried to pivot away from. they've said we don't see any impact on the security of the energy supply. so 2 different views on that right now. so in the short term, as you mentioned, nord stream, one was shut down slowly, kind of choked off by the russians. over the course of the year wasn't delivering any gas. nordstrom to never opened, that was an e, german response to the russian invasion of ukraine. but one thing that might just be really a bit of shot and friday night shot for a really a pain point is it was filled with a 177000000 cubic meters of gas. it's now just literally evaporating into thin air . so in the short term, they weren't delivering any gas to europe, so not much of an effect there, but the longer term, something that's kind of interesting right now is, is there appears have been 2 explosions in the hours around the,

the leaks 1st being spotted. if the damage was great enough, this could have damaged the pipelines through the winter, and we won't know when they'll be back online. all right, mccauley. cassandra son here in studio, thank you very much. questions of a gas supply. are putting incredible pressure on industries across europe, and in germany, in particular, electricity prices are up tenfold since last year. and some plants are already shuddering production that's threatening a ripple effect on workers and communities. the production of liquid aluminum has a long tradition in german industry. this process is called few salt electrolysis and it consumes a lot of electricity. one ton of aluminum requires 15000 kilowatt hours based on electricity prices this summer. that means around 6000 euros. the company could sell the aluminum for around 2000 euros. so what are they going to do? think as i think there would be declines in production. we're already seeing that i

very much hope we can avoid industry coming to a standstill on a large scale. with over 2000 years of history, noyce is one of germany's oldest cities today. it's a prosperous industrial city and is particularly affected by the energy crisis. there are 3 large aluminum plants around the city, one of which is already half its production. fear is sweeping the region perhaps, rightly so. it's not i is in a situation like this winter where we have a shortage of resources. it makes no sense to keep energy intensive industries artificially and production low in quite simply because energy is extremely scarce . therefore, it makes sense to do without energy intensive production right now, because the energy is needed more urgently elsewhere in the loop. so shut down everything in the winter for the aluminum industry, this is absurd. the process is expensive and complicated. they want help from the

state. the mine is on the one hand, i think we urgently need a europe wide, industrial electricity price fuel that would stabilize the situation for our industry of anatomy. but of course, that's not something you can develop and roll out within a couple of weeks. so it's not going to work unless there's emergency aid on the skin. of the thought, if there's a distribution problem, household transport and service providers also need energy. and within the industry itself, there are different needs these sectors, you 3 quarters of all, industrial electricity, they're in danger. and unions are worried by job losses, india in agi and says in, within the energy intensive industries, we're talking about 800000 of jobs in germany. that's an asset we can use to our advantage, especially when it comes to politics. the government tough to decide, does it give emergency aid to keep the energy intensive industries in business, or help employees find new jobs that could prove expensive for german taxpayers?

let's take a look now at some of the other global business stories making headlines. the international monetary fund has criticized the u. k. tax cutting economic plans saying such large and on targeted fiscal packages will likely increase in a quality the i m. f. also warning the measures could undermine the bank of england interest rate policy. since the package was announced, you case finance minister has pledged measured measures to cut debt in november. the british pound has recovered slightly after hitting historic lows against the dollar a fall that came as investors reacted to those mentioned economic measures that the pound currently buys around $1.07. and it still lower than where it was a week ago. surging strength of the u. s. dollar has also added pressure to the currency or let's go over teddy austro in new york. teddy is not just the pound, also the yen and the euro under pressure from that us dollar. can we expect it to maintain this strengthening course for the near term?

oh, the answer that question, we may also have to ask when the federal reserve of the united states is going to stop hiking the interest rates here, which is definitely a major contributor to the surging dollar. now, why is that the case? well, hiking these interest rates does seem to cause some instability in world economies . now combined, that with the supply supply chain crises of the pandemic, and of course the energy crisis in europe. and there is a high demand for buying up a lot of dollars of for stability for security, the dollars of course the world reserve now. so that means that as long as these rates continue to hike, as long as we see these crises, essentially, world instability, we perhaps are going to continue to see the surge in the dollar. strong dollar sounds good if you're an american, but what does it really mean for businesses and investors there?

yeah, well there is a simplistic view. a surging dollar must be great for americans, and perhaps that's true if you're an american tourist and if you're an importer, if you're an american business, that imports product spot purchases products abroad. yes, the strong dollar means that what you purch purchase is going to be cheaper, but that isn't really the entire story. there are a lot of american companies that are exporters that have international operations. and of course, experienced the opposite effect when all countries outside of the u. s. i have to buy things and they're expensive. we may see decline and revenues and i could of course, hurt the companies and hurt the investors that are close to the austro, they're in new york. thank you. over to asia now where the impacts of a changing climate are becoming more and more palpable in pakistan. for example, the floods that recently ravaged the country were bad enough or than 1500 people are estimated to have been killed. the government, meanwhile,

estimates losses of around $30000000000.00. now another danger may be looming, hunger flood damage has hit wide swaths of agricultural land critical for the country's food supplies. wheat for example, is a major crop in the province of cent. one of the most effected regions. the trains on to running any more after the flat damaged infrastructure. here, it's devastating, not just for travelers, but also for the many porters who work the line stations that been jobless. since the rain submerged large parts of pakistan, my conduct could i get it now, will i pay rent? somehow? i saved my family from the flood that brought them from my village to karachi, thinking i would earn money and support my family. but i haven't been able to earn anything because trains aren't running plain and bundle away. i began in the deadly flood submerged a 3rd of pakistan. farmers in affected regions don't know how they will feed their

livestock a syllable. you just say year god, god abo a year, this grass is rotten because of the floods i be, it has turned black or yeah, it can be fed to the livestock. yeah, that means that the animals will start and die as a result were caught. i got all my guy younger around 700000 head of cattle drown during the plaids alone, according to official estimates. the livelihood of many here wiped out. it's a catastrophe. many are trying to sell their surviving livestock at the market, but no one is buying because there's no feed. oh the little there is now too expensive. awarded modern gave you that. that is area. we have been destroyed by the floods. all animals are dying. corner monarch, no one is bind them pony were helpless afar. we appeal to the government to buy these animals from us and we have nothing to eat as are ready to. how are we going

to feed our animals? our corner got on my luggage daughter. people are desperate. the facts of the disaster will be felt for years. packets done not only needs billions to rebuild. it also needs hope and that's our show to check us out online for more of these stories and others g, w dot com slash business. we're also on youtube or the dw news channel. i'm seeing beardsley. i just wanted let alexandria is up to with stork. monuments are in danger and residential neighborhoods are being flooded with people are afraid. one of the city council is trying to contain the impact of the waves.

is it a hopeless fight against the effects of climate change, global 3000 next on d, w to own or not to own? what about a sharing economy instead? a change in thinking is changing the economy to create something new. the economics magazine made in germany. in 60 minutes on d, w o, you become a criminal pre kline, i already know that with

hackers and paralyzing the tire societies, computers that outs where you and governments that go crazy for your data. we explain how these technologies work a how they can also go terribly, watch it now on you tune ah, welcome to global 3000 bright solutions in one brazilian for the la discarded bottle caps are being turned into skateboards.