corrected to be on the agenda, but the leading industrialized countries will be looking to agree on a coordinated response to further increased weapons and defense system deliveries to ukraine. and that's it from me, and that is team or reminder of the top story we've been following for you. ukraine's president's identity is due to me g 7 lead us a virtually later to discuss the response to widespread russian. miss miss ella talks on several ukrainian cities. the latest strides killed more than a dozen people didn't as they is next with business, as with people in trucks injured when trying to see the city center more and more refugees are being turned away. order families please. on the reason for these correct only with administrative people being screened.

ross getting 200 people from the agency 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, germany sees a sharp optic in the number of businesses declaring insolvency. so is it a sign of economic distress heading into the winter, or simply a readjustment after years of pandemic help? we'll take a look. also on our show,

the bank of england bolsters it's emergency measures to try and quell a bond market uproar over a u. k. budget plans and the lack of skilled workers in germany is casting a shadow over rising demand for solar cells. load walk into the show. i'm seeing beardsley in berlin. a sharp uptake in the number of german firms beginning insolvency proceedings is raising eyebrows in europe. largest economy. some 762 firms declared bankruptcy in september. but that's a 34 percent increase from the same period last year. and the upward trend is set to continue this month and the next that's according to the hala institute for economic research. according to their new report, by november, up to 40 percent more companies could be beginning insolvency proceedings compared to the same period last year. the report blames not just a lack luster economic outlook, but an average period during the cove at 19 pandemic. that's what insolvency

numbers actually fell. i asked economists, stephan mueller, how to interpret the new numbers, and the overall trend. it's important to put those numbers into perspective, so we have seen no declining bankruptcy numbers for almost 20 years now. and there was empathetic dip over the corona pandemic. so the increase at v c now is indeed partly a return to normalcy. but only partly the rise and bankruptcy numbers are sort of the strong. and if it continues, feel like the r, well, have more bankruptcy than before and amec. so it has to do with economic circumstances. and now, having said this, we are still far away from a bankruptcy wave. i want to go back a many of our viewers may not understand why did insolvency is actually fall during the pandemic. one would think that they would rise as times became tougher for businesses. well, we have seen a lot of rescue measures during the on the pandemic. so for

a couple of months the bankruptcy was even not um, optical tory, even if you meet the criteria for bankruptcy. and many of firms actually just waited to see whether they will be viable after the pandemic. ah, so there was kind of a wait and see mentality. and the question is now where the de rising numbers are also partly reflect kinds of bankruptcies that have been postpone just ah, you depend them or i so maybe bouncing back after that period of fewer insolvency is what is the biggest challenge that businesses are facing? right now, looking forward. well, one change of course, arising an energy costs, but it is mostly hitting energy intensive. well, industrial firms and indirect, he out of firms because of a depressed consumer demand. but there, this is not the whole story, right? we have at the same time or so rising interest rates. so our boring money is getting much more costly and this is in particular problem for weak firms. so

refinancing is much more costly than it used to be over the last years and it's going to be more costly in the months to come. then we see increasing wages and but it could have, he saw a shop hike in the minimum wage. just last week and increased by 14 percent. and on top of this, of course, we're going to go into recession. ah, the flaw demand. so that is a bundle of reasons that are well. yeah. can you do a dangerous situation here? right now in germany there's the discussion about capping gas prices, essentially, artificially bringing energy prices lower. how critical could this be for the number of insolvency as we see in the months ahead? can you make any connection between this discussion and what we'll see with insolvency? especially how to make a connection between those 2 things. because the number of energy intensive from school and backed up is relatively low. at the moment. we see quite

a few bankruptcies in retail. for instance, this is not an energy intensive sector. so i would expect to see not a big influence of those well and actually cost cuts on the bankruptcy numbers. all right, that stephan mueller at the hollow institute for economic research. thank you so much. thank you. over to japan who's currency? the yen is hanging around 824 year low against the us dollar. perfect time to open the country back up to tourism. perhaps. japan's reopening is also good news for those who have been waiting for quite a long time to get back into the country. it's been 2 and a half years since japan has welcomed individual foreign tourists. duff, go with 19 restrictions, had made it difficult to travel to the island nation. but this week, tourists from different european countries, israel and the u. k has started to arrive. so we were like here with her and there

we go. i know that when we get the news that we can come back and really, really wanted to come to the phone for a long time. it's been kind of on her bucket list of places to see for a long time and then my job is changing. and henry opening man who is a perfect opportunity for us to do that, japan had shut its borders early on. and even bod, foreign residents from returning in the early pandemic days. but now japan is open in full swing tourists from 68 countries can enter visa free, but still have to provide a negative test or a vaccine certificate. and most people entering won't have to koren team pulls of jewish measures, are intended to further activate international exchanges between japan and other countries, while taking advantage of the depreciation of the yen and co tribute of japan's social economic activities. japan hopes to reach and ultimately surpass it's

2019 tourist count, which saw 31900000 visitors coming in with the panoramic has also altered labor markets and much of the world workers are simply harder to find . that's also the case in germany. but there's even a demographics aspect to it. many skilled workers in the country are aging out without proper replacements. the consequences are visible, especially right now it's storing energy prices and demand for solar cells. going through the roof. master roofers, sebastian, tom chick and his team have been on site since 8 in the morning. they want to get done today because the next job is already waiting. the demand for photovoltaic systems is huge, but a lack of work has means that many jobs can't even get started. that leads to frustration. the odyssey neither i to one, yes, people are tense and in a bad mood because their order is processed several weeks in advance. they think once is processed, workers arrive within 2 weeks,

whether it's just not possible. and when we finally show up with an assembly team, customers are sometimes quite annoyed. cutterson that a 2nd isn't there was a contra fail at. the energy sector is booming and there's a lot of competition on the labor market. electricians and roofers are in high demand yards and it seems you want proper. we are quite a young team so we're okay. but i know folks between 55 and 65 thank many of them will retire in the coming years. and i don't think it looks like they get replaced of knock on tom chick and his team worked for a company with around a 100 workers. the firm does everything from consulting installing to mentonite upfold overtake systems. it has 15 job openings. just enough hocks law, they increased order situation presents major challenges. here we have to yet increase the number of teams out there like we need electricians. but we also need to expand the back office to complete orders, and that's why we don't have enough workers back at the office. there's

a discussion with the marketing department about current job openings. not only can miss grandma asks his colleague, natalie to update him on where she is with the new job postings. natalie shows him the graphics and how a staff member will be presented online. and then they are talking about the platforms, the postings will go on of incoming environmental sometime. natalie says they will be posted on social media, including facebook, linkedin, and instagram. prima your colleagues will also be integrated into the marketing plan to spread the word after roll. word of marketing is often effective and hiring liquidity and soften prima mentorship. one thing they know for sure, they won't be waiting for the government to come up with the answer to germany's ongoing lack of skilled workers and now to some of the other global business stories making headlines. banks with female directors and board members are less

inclined to approve loans to environmentally harmful companies. that's according to a recent study by the european central bank. it said the trend is stronger in countries where there are climate minded, female politicians, the e. c b says the results strengthen the case for more gender diverse decision making in finance. investment banker j. p. morgan expects the u. s. economy will dip into an economic recession in the next 6 to 9 months. ceo, jamie diamond, predicting the recession won't be like the 2008 crisis, but worn, that inflation big interest rate hikes and other factors have paved the way for a future of uncertainty. tesla continues to electrify german drivers. official figures showing the u. s. electric car makers, tesla y out sold both volkswagen and audi last month. as was model 3 also dominated

the mid range segment with nearly 50 percent 15 percent more sales. american electric as u. v maker vivian is recalling almost all of its vehicles, some $13000.00 to fix a faster that may impact impact the driver steering power. the move comes after a few customers report the issue without injuries. revene is trying to establish itself as a reliable competitor to tesla. u. k. unemployment has fallen to 3.5 percent at the lowest level in nearly 5 decades. as brits continue to leave the workforce at a record rate, the latest figures worse and concerns about labor shortages, which are making it harder for companies to find workers. the bank of england says it will widen its bon purchasing to include inflation linked debt until the end of this week, buying up to 5000000000 pounds worth of the assets daily starting tuesday. the

measure comes with the u. k. struggles to calm markets rocked by u. k. budget plans announced last month and we hope to have an interview with an expert on just that topic. but unfortunately for technical reasons that did not work out. let's take a look at the story that we're following. this, our bankruptcies are on the right as, as german companies deal with a post pandemic economy. mark by high inflation and rising energy prices. but experts say there won't be a massive wave of bankruptcy. all right, that's it for me and the d. w team, you can always find out more about these and other stories online. check us out at d, w dot com slash business. we're also on youtube under the d. w. news channel. i've seen beardsley are watching. ah

ah ah, with their always with everywhere we go are smartphone. but for how much longer technology experts say that era be over.

but what comes with a look at life after the smartphone? to borrow today. on d w. now we've got some hot tips for your bucket list. ah, no magic corner check hotspot. i and some great culture memorials to boot w travel off we go. i will, is becoming increasingly digitalized. smartphones are most common connection to this new way of life. but the technology used to communicate with people and objects is getting more and more sophisticated with a smartphone soon be a thing of the past.