trans prime minister as condemned north korea's launch of a ballistic missile could flew over japan as an outrageous act, the launch set off an emergency, a warning system in japan's north you preening forces are reportedly to be reported to begin with recapturing territory in the south of the country and their biggest breakthrough there since the start of the war and official installed by russia has also acknowledged at the crane has made advances. and they have on region one of 4 that russia illegally annexed last week. all right, you're up to date. stay around, rob wants to have more businesses for you. right after a short break. i will interest the global economy, our portfolio, d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market

dominance. get a step ahead with d w business beyond a vibrant habitat. ended the listening place of long in the mediterranean sea scene of l. musfar and to far a dual career drift along with exploring modern lifestyles and mediterranean ready to lead journey this week on the d. w. ah, credit suisse has tre, does sweating fairs over the swiss land us future that it shares to slump on monday . but look at what's behind the worry has been described as a financial bazooka,

but germany's planters, subsidized gas prices to the tune of 200000000000. yours is under fire from his ear neighbors, and target inflation hit 83 percent last month, according to official statistics. but independent experts believe it's even higher . we look at how tax the code is to see to be 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 finalizes a restructuring plan due to be laid out later this month. credit suisse is struggling to fix its reputation after 2 scandals. cost it over 7000000000 euros. and as rumors swirled 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, yann's quarter. i get

a bit more on this. yes. this restructuring plans, not you out for a few weeks. so our investors worried about this now. they're indefinitely submissive. moved sir. a robin to him. if you look at credit suisse over all in march 2021. the company was worth more than 30000000000 or swiss francs, and now it's down to about 210. and 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 confidence, i'm not saying that credit scores will not live another day, but at least bets on wall street, the embed of the company my default on their bond payments. and the next, the couple of years spiked a quite a bit. there was of me more out from the see all over the weekend that over to the up obviously did not calm down the market. quite the contrary. it backfired because it was not very a in detail. somehow a to fix. the trouble of that accredits was,

is it? so this is all about the, the future of credit suisse is now one of 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 and saw a one of 2 could be that this restructuring plan works of 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 or all together, even if that seems a bit unlikely to me, at least them at this point. credit suisse 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 indeed against a test the shares also to hit on monday, falling as much as, as 7 percent after his sales figures fell below expectations was behind those disappointing production figures yet it's, it was really a rear to see a because some overall, a tesla actually had the best quarter in its company history when it comes to deliveries even if those deliveries were a bit shy of expectations. but i guess that does not really explain this 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 cooling in china, tesla, actually an exported some cars that are made and in shanghai, 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 length when it comes to the, to the logistics serve at tesla. at this point. ok, jens quarter, the 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 or criticism from other e. you members arriving at a meeting of yours and finance ministers in luxembourg, germany's christian lindner said, the 200000000000 your 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 here 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 being given a competitive advantage. and that has strong criticism, are from other member states who feel that it, it is unfair in a sense that some countries like germany and others who, who have the scope to go bigger on these rescue packages are effectively perceiving national interest at a time where you would want that solidarity that this is damaging to the solidarity was soaring, power costs are a huge problem for many companies here in germany. reducing energy consumption is an option for some while at the same time scaling down production as well. but some companies can't do either. it's hi, 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 bowl bearing manufacturers, medical tech companies, or order suppliers. the companies or the books are full,

but the $200.00 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 haven't yet asked, we were forced to sharply increase the prices because we expect energy prices to continue to rise. and that we're now budgeting at the current high price. 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 to for fantasy. and we'll have fagen off in 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 atlantics 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 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 like and it almost seemed 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 vantage on 10 in law had the understood from hong kong. if energy prices continue to rise and a recession materializes, a 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 bonn. after more than a 125 years, the family business is closing its doors from until one up for 1900 euros of

electricity a month, which is a lot for a small business to 3800. you can compensate for that with higher prices. it's just not possible off on 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 cycle and many budget amounts by, by minister less trust. as teen 10 days ago, treasury chief quasi quart. ang says, a 45 percent tax rate or higher as well, no longer be scrapped. a 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. their goal is to have a deal in place by year's end based operators based rising investments as they

build out 5 g networks. opec plus is considering an oil production cut, they've 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 and the reduction figure has not been finalized reality television star kim kardashian has agreed to pay a $1260000.00 payout for lawfully 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. 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 may 19 years old and i'm not hopeful. i don't think the situation here in turkey will improve. you have all the 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 child inflow. 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 for buffalo, that the inflation i feel is much more like you. that's why it's getting harder and harder to live and she was the give you. and finally, it's been a battle all the bunnies and now chocolate make a lint, has won

a legal case over one of its most famous suite treats switzerland's. highest court has ruled 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 child muscle from and the business. same herron, berlin from all head up to our website, t t v dot com slash business until next time. again. the chronicle of a scandal, the documentary and anti semitism. the 15th world art exhibition in concert wanted to promote understanding, but it was overshadowed by

a bitter dispute over anti semitic imagery. and or course the documentary scandal close up. next on d. w. a. take a special safari through spectacular landscapes, populated by fascinating living, things travels through worlds that she's never seen quite like the world of our body. let the adventure begin. life on us. in 45 minutes on d, w. ah, in is the end of the pandemic in sight.

we show what it could look like will return to normal. and we visit those who are finding it difficult with successes in our weekly coping 19 special. every thursday con d w. a 100 german must reads on d w ah, with oh, well famous our tech submission with works that caused a scandal. loans our mom. we saw this anti semitic trash and to be.