it is 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. that's all for now after the break business news with steven beardsley. he's looking at the battered british pound from the team here in berlin . thanks for watching. take care. i'll see you again with something with him. when you work as an architect, like go online or not at all. women in architecture. why are they so invisible to the larger public? we decided to ask them, messes as to what is the poetry, the secret of the house, and i'm told about their motivations. the real goal of architecture is

to create habitat for human about their struggles and dreams. responsibility is huge. they have so much to lose shattering the glass ceiling. women in architecture this, this has to be really, really good. start september 30th on d, w. ah ah, growing evidence of a deliberate act after leaks turn up into gas pipelines in the baltic sea. what does that mean for europe's gas supply and it's critical infrastructure as it enters what's expected to be a difficult winter. also in our show, we'll look at how searching us dollar is putting pressure 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. hello, welcome to the show. i'm from beardsley in berlin. european leaders express concern of growing evidence that a pair of gas pipelines between russia and europe were deliberately damage in 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. right from on this, i'm joined by my colleague cassandra son here in studio. because 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, the polish prime minister has been even more explicit saying that this is sabotaged directly pointing to russia as possible perpetrators. the ukrainians ratcheting up the language a bit more, a point to russia, called and quote, an act of aggression towards the you. meanwhile, the kremlin, cummins book says that 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 for 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 these are out of commission, so this crumbling quote to me, this clump kremlin spoke from coach me, it was quite interesting because this idea, the effects, the 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. so in the short term, as you mentioned, nordstrom one was shut down slowly, kind of choked off by the russians. over the course of the year wasn't delivering any gas nor extreme 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 in florida not shot for it. 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 attack there, but in the longer term, something that's kind of interesting right now is there, there appears to have been 2 explosions in the hours around the leaks 1st being spotted if the damage was great enough, this could have damage the pipelines to the winter, and we want now when they'll be back online or i macaulay,

cassandra on here 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 can sell the aluminum for round 2000 euros. so what are they going to do? think of it. i think there would be declines and 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, noises, 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 have its production. fear is sweeping the region perhaps, rightly so. is not, i mean is that 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 will 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 field of 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 in the, in ag, he intends, 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 to give emergency aid to keep the energy intensive industry than 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 likely increase in quality the i

m f. also warning the measures could undermine the bank of england's 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's 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, it's not just the pound. also the yen and the euro under pressure from that us dollar. can we expect it to maintain the strengthening course for the near term? no, to 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? no, all 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 pay to 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 are 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. i'm hurt 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 then 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 send. one of the most affected 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 worked the line stations that been jobless. as 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, 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 they. i began in the deadly flood submerged a 3rd of pakistan. farmers in affected regions don't know how they will feed their livestock as he loved you, i just say year god, god, elbow a year. this grass is rotten because of the floods. i mean it has turned black. oh

yeah, it can't be fed to the livestock. yeah. that means that the animals will starve and die as a result were caught. i got all my guy yellow around 700000 head of cattle drown during the plots 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. rewarded modern good without a better cetera, 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 has already been how are we going to feed our animals our corner? got all my luggage out and people are desperate. the facts of the disaster will be

felt for years. pakistan 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 d, w dot com slash business raso on youtube or the dw news channel. i'm seeing beardsley like to watch more island with big plans now noon in the indian ocean. the french overseas department is making a complete transition to renewable energy. it's set to be completed by 2028 eco africa

on d w. ah, they use a joint shame, anger, politicians, social media corporations. all of them seek to manipulate, are feeling a winner is simply the one who has the best mastery of human psychology. the science of emotion. in 45 minutes on d, w. o. enjoying the view. sh. come take a look at this tv highlights every week in your inbox, subscribe. now with interest the global economy, our portfolio

d w. business. beyond here, the closer look at the project. our mission. to analyze the fight for market dominance. east this is wes, get a step ahead with the w business beyond ah ah, with by now it's geared up fossil fuels are not the way forward. they're driving climate change, and they're also running out. i won't be replenished in our life time. that's why the world is pm in its hopes on renewables like sun wind and by mos.