out of their country that would make it their biggest breakthrough since the start of the war and official installed by russia acknowledged that ukraine has made advances in the headstone region. one of 4 that russia illegally annexed last week and wind blew crop. that is all for me, but don't go anywhere because next up, if business news with the very talented rob watts don't go anywhere you want to stay tuned for that. remember, always get the latest at d, w dot com and on twitter and instagram after w news. they with people and trucks injured when trying to free the city center. more and more refugees are being turned away at the border. families please, on the taxi. the reason for these critical illness

with people lean extreme drought ross getting 200 people with around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, ah, credit suisse has traders sweating fairs over the swift flanders future that it shares to slump on monday. we'll look at what's behind the worry has been described as a financial bazooka,

but germany is planned to subsidize gas prices to the tune of 200000000000. yours is under fire from his e. you neighbors and target inflation hit 83 percent last month, according to official statistics, but independent experts believed it's even higher. we look at how turks the code is to see to be a business on robots in berlin. welcome to the program. concerns appear to be growing about the future of banking. major credit suisse. shares in switzerland, 2nd biggest lender slumped by as much as 11 and a half percent on monday, reflecting market concerns as the bank finalize as a restructuring plan dues. we laid out later this month, credit suisse is struggling to fix its reputation after 2 scandals costed over $7000000000.00 euros. and as rumors swirl around its liquidity. the banks leadership insists it's liquidity and capital a both knowledge. uh let's cross to our financial correspondent in new york. yes

quarter. i got a bit more on this. yes. this restructuring plans not you out for a few weeks. so why are investors worried about this now? there are definitely a submissive moved sir. a rob burned to him if you look at credit suisse overall in march 2021, the company was worth more than 30000000000 or swiss francs, and now it's down to about 10. there is a saying on wall street companies usually have some weeks or months before they go belly up, but banks actually die over night. it's all about the confidence. i'm not saying that credit suisse will not live another day, but at least better on wall street than that of the company. my default them on their bunch of payments in the next couple of years spiked a quite a bit. there was a memo out from the see all over the weekend had that over. did he up obviously did not a calm down the market. quite the contrary. it backfired because it was not very deep

and detailed somehow a to fix the trouble that accredits was, is it? so this is all about the future of credit suisse is now what are the scenarios that are facing the organization? i believe it's october 27th. so that sir, when the restructuring pan plan is supposed to be published. hm. so a one option could be that this restructuring plan of work serve restructuring, credit suisse will cost money. there is talk about $4000000000.00 to $1.00 of the questions is how will a credit suisse arise? that money a probably a was a selling some assets and we might see a massive layoffs at the company in the next couple of years. there's also talk that credits with might be a bought by and another company em altogether, even if that seems a bit unlikely to me, at least them at this point and greatest this has been involved in so many signal to the past couple of years. i wonder who would really by the company where any 2nd

theoretic me something else that could pop up. so i, i guess the best hope at this point is that the restructuring plan will work date against at test the chairs also to the hit on monday, falling as much as, as 7 percent after his sales figures fell below expectations was behind this disappointing production yet it was really a rear to see because some overall, a tesla actually had the best quarter in its company history when it comes to deliveries even if those deliveries a bit shy of expectations. but i guess that does not really explain as, as massive moves that we saw in the stock price of, i believe the big question is where tesla sold the cars and there were some signs that demand might be calling in china. tesla actually are exported. some cars that are made an inch on high, so in china to overseas markets and that seemed to cause some concern on

a wall street. and then on top of it, tesla produced more cars than they delivered. so there might also be a certain leg when it comes to the, to the logistics firm at tesla, at this point. okay, and quarter to new york stock exchange for us. thank you very much. next, the german government has been defending its plans to subsidize gas prices in the face of criticism from other e. you members arriving at a meeting of yours and finance ministers in luxembourg, germany's christian lindner said, the 200000000000 euro package aimed at dampening the impacts of ruinous energy costs. but other countries claim the measure could distort the use internal market with some nations unable to keep up with germany spending as a from our correspondent christine wonder who has more effectively what this means is that german businesses will qualify. we'll, we'll be getting a bigger subsidy,

and then their business peers within the rest of the european union, and thus getting a competitive advantage been given a competitive advantage. and that has drawn criticism, ah, from other member states who feel that it, it is unfair in a sense that an edge countries like germany and others who have the scope at to go bigger on these rescue packages, are effectively pursuing national interests at a time where you would want that solidarity that this is damaging to the solidarity . a soaring power costs are a huge problem for many companies in jeremy. reducing energy consumption is an option for some while at same time scaling down production as well. but some companies can't do either. it's high precision work for more than a 100 years german company atlantic has been selling abrasive, grinding wheels. each one is custom made to the client's needs. most of their production is for export to ball bearing manufacturers, medical tech companies,

or order suppliers. the companies or the books are full, but a few 100 employees are concerned about rising energy costs. electricity prices doubled in recent months, and the price of gas has gone up $6.00 fold. as we advance as we were forced to sharply increase the prices because we expect energy prices to continue to rise, saying that we're now budgeting at the current high price. so from that, so the question is, and our hope is that our loyal customers will continue to order from us because our products are of high quality and are quite simply necessary for addison when i come off, then the traditional company has to buy gas and electricity on the so called spot market, because it previous energy suppliers have filed for bankruptcy. that means atlantic can't make any long term agreements for their energy needs. rising gas and electricity prices are having an immediate effect on production costs. that's

because these wheels have to be baked in high temperature ovens. this is al, adding substantially up to now there's been no support at all from the state. we've applied for support for the high energy prices. but the application was extremely bureaucratic lighting and it almost seems as if obstacles were being deliberately put in the way so that as few companies as possible could receive support. i'm at work. this vanish montana in law, had understood from hong kong. if energy prices continue to rise and a recession materializes company like atlantic stands to lose a significant number of orders with our boat, and we wouldn't lay off employees. we'd put staff on reduced hours like we already had good experiences with this during corona virus. how it but it would still be difficult for us economically. we have certain costs that even this measure count cushion of our quotes, i miss outfit icon. but some businesses can't absorb the rising costs, like this bakery in bon. after more than a 125 years, the family business is closing its doors from anthem one up for 1900 euros of

electricity a month, which is a lot for a small business to 3800. you can't compensate for that with higher prices. it's just not possible or fan gasket on finish. even if a government rescue package for small businesses materializes, for some, it's already too late. that some of the other global business stories making the news the british government is dropping. one of the most developed controversial parts of the so called many budget amounts by, by minister less trust as team 10 days ago. treasury chief kweisi choir tanks as a 45 percent tax rate or higher as well no longer be scrapped. the u turn comes after considerable pressure from within the ruling. conservative party you can use to largest mobile network operators, vodafone and 3 are intensifying discussions over combining their operations. the goal is to have a deal in place by year's end based operators based rising investments as they

build out 5 g networks. i think plus is considering an oil production cut the sources, they could top a 1000000 barrels per day up from previous estimates if agreed to it will be the largest in the condemning. again, delegates in the reduction figure has not been finalized and reality television star kim kardashian has agreed to pay a $1260000.00 payout for unlawfully promoting a crypto currency. according to the us financial regulator, she broke the rules when she touted e max tokens on her instagram account without disclosing, she was paid $250000.00 by their max for the post. micromanaged on my inflation in turkey has jumped to a new 24 year high a week after the central bank cut interest rates. again, inflation hit 83 percent in september, according to the state statistics agency. however,

an independent inflation research group claims the actual right to more than double that turkish government has said, inflation would fall with its new economic model, which prioritizes low interest rates, to boost production and growth. well, we've been asking people in a stan bull how inflation is affecting them, got their prices are high. we're really struggling. we have 2 children who go to school. we are only earning minimum wage and it's hard to make a living on the position. they met 19 years old and i'm not hopeful. i don't think the situation here in turkey will improve. you have all good i'm. i don't see a future here. i actually want to go abroad. this is true for most of us on which and then we get childhood info. so many things. i don't think inflation is around 80 percent. it's much higher. i don't know whether the official figures are true or not before that the inflation i feel is much more like you. that's why it's getting harder and harder to live. she was the you. and finally, it's been

a battle all the bunnies and now chocolate. make a lint has one legal case over one of its most famous suite treats switzerland's. highest court has rolled that a chocolate bunny from 2 local units of discounts if market leetle is too similar to the famous lint versions shown here. the gold wrapped rabbits with bell is one of linds flagship products. the swiss company has gone to court many times recently as to protect its tried muscle for me in the business. same here in berlin from all head up to our website, t t, v dot com slash business. until next time i get an eye road vehicles. we check out the 5th generation financial range rover the pre maximum.

but is this really wild driving red chip on d, w. back to the moon off the 50 years, humans are ready to fly for the satellite again. it was the goal that this mission, german astronauts, an exam back guest explains the new race and to face the expectations of research and the impulse in the news. a mission for the exploration of mom. i to morrow to do that. in 60 minutes, d, w ah. with and the listening

place of morning, the mediterranean sea it's waters connect people of many cultures seen of almost rock and to far abdul karim drift along with exploring modern lifestyles and mediterranean. where has history left its traces, meeting regal, hearing their dreams. editorial journey this week on d. w. today on read the auto and mobility. so how hard core in off road or is the new range rover? how to keep your e d battery in good health. and health care motors hopes to electrify uganda.