time for change and i'm talk my pocket change. the royal meant has unveiled a new king's portrait which will soon appear on british coins. in keeping with tradition, charles faces the opposite direction from his mother, whose face adorned some 27000000000 coins in use in the u. k. ones with the king's portrait shall begin to enter circulation late this year. germany says a cap on gas prices, but it won't become, it won't be cheap. steven beardsley has the details on dw business after the break on public leaves. thanks for watching. back again at the top with every journey is full of surprises. we've gone all out to give you some tips one day in the foot of the rigby home. i'm in your northern most count,

please. ah, brain one still very much alive, dw channel, your guy to the special with recognizes where exactly. it was fun and i've learned a lot of our culture history, all their d. w. travel extremely worth a visit. ah, ah, berlin bite the bullet and announces a cap on gas prices to the tune of $200000000000.00 euros. but canada new measures help german households and businesses get through a difficult winter. all signs point to recession. also on our show portion,

big they view doesn't disappoint. we'll look at how high share price is raised for the companies. i. p. o. and volkswagen response, the brazilian prosecutors in their investigation of a legit slave labor at a former carol ranch and the amazon loan. welcome to the show. i'm seeing busy in berlin. the german government has responded to growing pressure over rising energy costs with a $200000000000.00 euro plan to cap gas prices until 2024. chancellor, olaf sholtes said a commission of experts will determine the exact price. ceiling is government is now throwing out. it's heavily criticized plant, the tax gas customers per kilowatt hour. berlin has struggle to find the right way to distribute the hire market costs faced by gas utilities. without overwhelming gas consumers, energy costs have driven german inflation in september to 10 percent. that's according to a preliminary reading or a my colleague, cassandra sant joins meat now in studio. for more. cassandra, there's been

a lot of concern about high energy prices, drip by high gas prices recent months. what is this new plan do for us? the thing the 2nd for me is steven was that this 200000000000 year old package is being funded by the same economic stabilizing fund that berlin used during the crone of ours pandemic, and the global financial crisis. so that was a big headline for me in terms of how seriously the german monet, big money, and a big powerful tool used to fund it. but what the plan means concretely, there's some details in here that are interesting in terms of diversifying energy use to nuclear power plants or their usage is going to be extended through the next next spring, spring 2023. there's also an investment for liquefied natural gas terminals and more investment in renewable energy. and the sales tax for gas sales is going to be reduced. but the thing here that we, that average every day germans are going to be looking at is this cap. the cap right now is still an idea. there is going to be an expert panel that's going to be

talking about what's appropriate here. the tough line. they're gonna have to walk is how high do you put it so that it discourages use, but still low enough to make sure that average everyday people can pay their bills, right. what's the pain threshold? in other words, i guess this means that this doesn't completely take consumers and businesses off the hook for prices. no, it doesn't. there's going to be a ceiling that's going to be lower than the actual market costs. and that difference is going to be paid by the german government, but where it is funding for the german government come from, from taxpayers like all of us. so it kind of adds the pain out a little bit so. so for gas users now it's pretty much every exactly. so right now this cap is still a twinkle in someone's eye. we're still trying to figure out what that's gonna be. and the hard part here is figuring out how do we keep demand a low, even if this winter is a potentially a very, very cold one. this obviously would have something to do with inflation. i would imagine as well we're, we're seeing obviously this is this reading of 10 percent inflation annually for september. i would just bring it down. i would imagine the government helps. yes.

so the german finance minister, christian lindner said that these steps would act as a break on inflation, which like you said, hit its highest level in more than a quarter of a century in september. so there's hope that this will slow or lower inflation. and thus, a slow or lower energy inflation, because germany is europe's biggest economy and it's really reliant on industry. and a lot of those industries are really energy reliance. so if you can lower exactly, if you can slow or lower those costs, there's a hope that the inflation as a whole will slower be lowered as well. but what's going to be critical, like i said, is, and what no one can predict is what kind of winter we can expect in 2022 into 2023 . i guess we'll find out in the weeks ahead. i, cassandra saw my colleague here in studio, thank you very much and we'll take a look now at some of the other global business stories making headlines. the e u has announced the legal framework for a price cap on russian oil as part of its 8th round of sanctions against russia.

commission president or sl of underline, seeing the cap is aimed at reducing rushes, revenues, keeping energy markets stable. the u. s. department of justice says the victims of bernie made offs. fraudulent investment scheme will receive a further $372000000.00 to help cover their losses. the decision comes nearly 40 years after the capture of made off ran a multi $1000000000.00 investment fraud scheme through his securities business. a luxury sports car maker portia raised onto the frankfurt stock exchange thursday with one of europe's biggest listings in years. leveraging its brand power to divide global market turmoil of portia shares treated as high as 86 years and $0.54 . and it reached evaluation of 75000000000 euros racing on to the trading floor. germany's iconic sports car maker porsha has made its market debut on the frankfurt stock exchange. it's germany's biggest i p o,

in decades. oh to get bill and saves on our to day one of our biggest dreams has come. true. the port portia is going public again. if you are adding a new chapter to pushes unique history, a historic moment for portia men a great day, a proud day for all of us. and so it's our talk for other the initial public offering comes at a time when markets are in turmoil due to surging inflation and recession worries. despite that volkswagen made over $9000000000.00 euros from the sale of portia shares to be invested in future plans for it's like a heavy duty to get to me with these additional funds, volkswagen will get more financial flexibility for transformation towards digitalization and e mobility. our strategy has even greater tailwind. now, everyone will come out stronger and we're excited. shortly after trade has got the green light pushes share started rising, that historic i p o values portia at

a whopping 75000000000 euros. it's almost as much as its former parent company, volkswagen. the company known for its fast cars is already speeding ahead. a correspond ashatash pan. they sent us this from the frankfurt stock exchange. a big question in the run up to this idea was that why now, why is volkswagen looking to bring back portia to the public markets at the time and financial markets are struggling? their economies on the brink of a recession, inflation is soaring and centered. banks are looking to raise interest rates aggressively. it was definitely a board move folks bargain was banking on the legion of fans for these cars. for decades. god enthusiast have actually squared by this car company, the car brand. and that's exactly what the fuck slogan was. banking on and and as after the i bure, it stands vindicated because it did raise $9000000000.00,

valuing the company at about $75000000000.00, almost at bar with the folks log in itself, which has so many other brands under his umbrella. now that $9000000000.00 is very useful for folks bargain, which is looking to make a very expensive transition to electric vehicles. and what does this app your mean for the bars and peach family? well, it gets them some control over the portia brand. once again, over to brazil, now we're lawyers for volkswagen presented their 1st official response to an investigation by local prosecutors into the abuse of working conditions including a legend slave labor on a v w property in the 1980s. the meeting in south hollow came 3 months after prosecutors presented a 90 page investigation to a former volkswagen run carol farm an amazon basis. former workers re count beatings, rapes enforced labor from feed of you hired managers. the alleged abuses occurred

during brazil's military dictatorship. earlier, i asked our correspond mathias ebert. what would, what we can expect to come out of the meeting of the question is, what will be the position of forces? in this case, the federal prosecutors opened this case in may this year, and they had a 1st meeting with ford service in june. and now for smoking, had to deliver, had to send the official statement to the federal prosecutors until tuesday this week. but folks, wagner did not do this, they, they refused to make a position and to show their way of thinking and, and this is really disappointing. the federal prosecutors at this moment and they're really unhappy with the behavior of a forks like in this case. what exactly is volkswagens a legit role in this affair? according to investigators yet folks like had

a farm in the seventy's and eighty's in the north and amazon stayed in brazil and they were in contact with the many tater military dictatorships. and therefore, it was off bent, it was of their benefits to have this farm. and on this from hundreds of workers worked in slavery like conditions. and it was a closed farm. and they received not a regular payment. and there were many abuse of human rights also happening, and this has end over many years. v w has admitted to many of these allegations in the past, i believe. so what is this about this, this investigation about? it's about the slavery work and the former for a work as they now want to have a compensation for the abuses they suffered and fog smarten knows about these allegations and the case. and since 2017, because the forks value historian already m. yeah, showed up with

a lot of information about this farm and the amazon but until today, for so long as not able to and make an official statement. and that's really for the per prosecutors. a really disappointing scenario until this moment. but if you've been following this from the beginning, what are the next steps that we can expect? i think that the federal prosecutors will now put on more pressure on fog smug. in order that the company has to deal with this case and, and they were oil show up with more pressure, they will included the, the media, he in brazil. and they want to have it positioning a statement of forks value so that they can go on and that compensation might be paid to the workers in the next month or years to come. that seat of you corresponded mathias eva in sao paulo. thank you. what is well, that's our show you can find out more online at w dot com slash business are also on youtube. you can find us under the d w news channels. i'm seeing beardsley.

thanks for watching. ah ah it's the end of the pandemic in sight. we show what he could look like will return to normal and we visit those who are finding it difficult

to success in our weekly coping. 19 special next on d w. when i, when you work as an architect like go all in or not at all. women in architecture. why are they so invisible to the larger public? we decided to ask them. this is what is the poetry the secret of the house i'm housed? shattering the glass ceiling. women in architecture in 45 minutes on d w. o. ah, how did she become adult hitler's favorite director?

and how did he become a forgotten filled pioneer? leaning hyphen style and arnold fun. between hitler and hollywood. in 1932, they set out into the icy wilderness of greenland to create a life threatening film project that became a major milestone in their lives. love, seduction and power. ice cold passion starts october 8th on d. w. ah. after being canceled for 2 years in a row, the world's largest beer festival is back. welcome to the covey 19 special.