my lessons, or if its ordinary iranians, again, who has mostly been paying the price for your sanctions against iran in the past. thank you very much. and that's it from me, teresa and the whole news team of for now don't call wait coming up. it's business with steven, fits on gabrielle 1st in berlin. i spoke with we got some hot tips for your bucket list. ah romantic corners, check hot spot for food, chair and some great cultural memorials to mood d w. travel off we go. a vibrant habitat

lu ended glistening place of longing. the mediterranean sea. we have l. musfar. enter far dual career drift along with born modern lifestyles and the mediterranean meeting. people actually hearing their dreams ready to re journey this week. do you w o . all eyes on london as expectations grow that the u. k. reverse aspects of its controversial budget plans. the bank of england says it's help for bond markets in today. at least few options for a government under pressure. also on our show will hear from ryan, air c, e o michael o'leary, who says the recession could be

a boon for discount airlines. as travelers look to save on flights and the share of female entrepreneurs was already low in germany. endemic has made it worse. bullock is new numbers, flow walk into the show. i'm seeing beardsley in berlin. investors in the u. k. were optimistic friday that the government would reverse key elements of a budget plan that continues to royal financial markets. behind those hopes, as the abrupt return of finance minister quasi quartering from meetings in washington courting, has denied any further changes to the many budget package of tax cuts. blood pressure is growing from fellow conservatives. earlier this week, the bank of england reaffirmed it would end its emergency bond buying program. today, putting more pressure on the government to act or a bigger mass is our correspondence in london. listen to her now for more beauty, the pressure is on the government to act to we know where all this is heading. what

we're witnessing looks like the implosion of the government's economic policy. so less trust has only been prime minister for a few weeks and she came to power by saying that she wants to revive the sluggish british economy. and her plan was for growth, growth and grey. now the way she was gonna go about it was to cut taxes quite aggressively. the markets though, didn't like it. they thought that these tax cuts where somehow unfunded, that she didn't explain where she's actually going to take the money from for running the country day to day and caused a lot of ta mile. so now there is speculation that dog is going to be a big you turn on her economic policies on the aggressive tax cuts. there's even speculation that the finance minister himself will have to go. and there are conservative and peace were actually plotting even form less trust to somehow be live replaced by someone else. so there's a lot of chaos that she has, and least with her, and least with ache. nomic plan, so much chaos in such

a short amount of time, but a lot of this has really taken place on financial markets, some of which is abstract to say the least. how palpable is this for normal brits? well, norma brits are feeling the strain by rising inflation, so cost of living are rising quite dramatically. also energy prices. so this is nothing that some the government has caused. this is what other countries are facing as well. but what the government has done with these tax cuts announcements, that's brits are feeling that when, for example, they are trying to get a mortgage say their, their interest for mortgage has risen dramatically after the government has announced it. and in a country full of home owners, and we're also young people and particularly i aspiring to owning their own home. this is where a lot of british people are feeling very, very concretely what the government has done. and moreover,

i think generally people feel that the government doesn't really have control over what's going on in the market in the financial markets, and also with economic policy more widely, or either corresponded big mass in london. thank you very much. we're europe is edging toward recession, meaning households will almost certainly tighten their budgets. that might not be a bad thing for some companies, the boss of irish low cost far carrier ryan air. mike o'leary says he's even optimistic. our opponent marie siena caught up with him in berlin, took a look. the u. k is already in a recession and the euro zone, overall of looking at a very gloomy economic outlook. is this all putting you in an optimistic or pessimistic mood? hugely optimistic. i mean, what we have seen through the last 4 or 5 recessions, where it was the gulf war 911 day financial crisis, 2011. actually more and more people switch to low cost air flying during recession . so i think one year will grow more strongly if there is a recession,

as it looks likely in the next couple of years. people will not stop flying, they're just flying the expensive air airlines cycle of tanza and k 11 air france and their switch increasingly to right here in 2008. you said that you would welcome a recession because it would and i quote, help see off the environmental nonsense. are you looking forward to this session for the same reason? no, i'm looking forward to, you know, be look forward to recession, but there's no doubt the recessions are good for ryan airs. business we were investing very heavily at the mall. we're spending about $20000000000.00 new aircraft to technology so that actually the growth that we delivered the next 5 years will be on aircraft that carry 4 percent more passive, but burn 16 percent less. you will reduce our noise emissions by 40 percent. so what i've learned in the last 12 or 14 years that we can have growth, but it has to be environmentally friendly growth. sticking of saving the environment, research so that decreasing passenger demand is the only way of di,

carbon ising, the aviation industry. at the same time reiner opposes any sort of flight tax. how do those 2 things match? first is neosha researched. it says it will increase our whatever his demand reduces. i mean the set flight shaming nonsense. there's no evidence actually. air travel continues to grow. people need to fly both for tourism for visit, friends and family and for work reasons. there is, however, we don't oppose environmental taxes with one airline in europe to actually support environment taxes, which is calling for fair environmental taxes. at the moment, all the environmental taxes in europe are logged on to the low fair point to point carriers, the most polluting passengers, which is long hold flights to and from europe or transfer flights within your are exempt. so the people who generate the most emissions are exempt from any environmental taxes. are you trying to fly less to save the environment? no, at the moment we're trying to increase the amount of flights that take place on our new aircraft that carry 4 percent more patches,

but burn about 16 percent less fuel or a puerto marina. there with ryan air, ceo of michael o'leary. let's take a look now, some of the other business stories making headlines. passenger numbers at germany's biggest airport in frankfort continued to rise in september. as air travel continues its strong rebound. the airport seeing a passenger increase of 58 percent compared to last year. that despite a strike of loose tons of pilots at the beginning of last month, you guys postal operator royal mail plans to cut an estimated $10000.00 jobs until the end of august 2023. and it comes after a trade union representing postal workers in the u. k, announced 19 more days of ongoing strikes against the company. the japanese government says it will buy liquefied natural gas if and when companies can't secure enough supplies. this will allow the country's trade minister to order state owned energy companies to procure gas for private firms and restrict large scale

gas consumption. when supplies are low. will germany start up world is still dominated by men, and the coven. 19 pandemic has only widened that inequality over the pandemic fema entrepreneurship dropped from just under 20 percent to its current 16 percent. that means that a for 84 percent of companies are being founded by men. the percentage of women founding women founders pales in comparison to other countries that germany, 16 percent means it's lagging behind. other industrialized economies in the u. s. almost half of new businesses were founded by women in 20202021 rather in the u. k . it was 20 percent south korea, however, a meagre 6 percent. now starting a company comes with unique challenges for women. take a listen to one co founder, bettina schmidt's. when you come to funding, there are still some barriers. so for example, and in venture capital, which is kind of my field, there are a lot of men sitting on the other side of the table, which can be sort of

a candidate, carlock. hola was a co author of that report for the for institute. she joins me now from munich carlo, welcome to the show. we just heard a sound bite there from a founder about some of the hurdles that, that women can face when it comes to raising capital. what are the other reasons why the share of female founders is so low to begin with, even before the pandemic? at a several reasons. first of all, of course, it's more difficult for women in t attract venture capital. but also there are some further areas ranging from difficulties combining founding with having a family. i'm peers, lack of daycare, which was particularly prevalent during the panic. and there's also another impediment. there's a lack of role models in particular in germany. it is not that many women who found as far so some women might be hesitant to dare sounding a business. it's a risky endeavor, and women are an average a little bit more diverse. ok, and this lack of role models does lack of inspirational stories that were combined

with a lack of date here. valuables. he might impede women to found. your report shows that female founders in germany further lost ground to men during the pandemic. why is that? we have marseilles that it is because of a difficult childcare during condemning this effect is driven by the countryside. why more rural countries? 7 cities on the sheer women founding has declined slightly. it has formed tremendously on the country side. and this is because it was much more difficult to combine, having a business doing a risk endeavor with having a family, especially the condemning when nobody knew how long it would stay difficult. we've also heard antic anecdotal reports, and we've seen some figures that founding activity actually flourished in some areas during the pandemic. is it just that there were more men that were found in

these companies than women? or how should we look at this? yes, there were, there was a slight up kick in men found in companies, but it also depends on the legal form. so our report looks at companies in a german trade register, so that limited company's company and potential company potential for grade. and in the trade register limited companies that women have for women does look better if you look at smaller self employment, but the companies that have much potential to grade there's here, women is exceedingly low. we currently measure 16 percent, and that's not really a whole lot. we know that we're entering difficult times right now. likely recession next year for germany. will capital raising get even more difficult for women if it's already difficult to some degree now? well, it might not get easier, but it also depends on the political infrastructure,

say the current startup strategy by determined federal government wants to explicitly support women in founding. and i believe that if there's a political built to support women to make it easier to provide them for us to exchange thought, to provide role model that might help. and that might also in turn, help track venture capital if. well, there's more room and i'm willing to found women might attract capital as well, and will say, in many companies, there's the least them down there when it's by now. so maybe things change. just touch on this perhaps. what is the biggest lesson for politics here coming out of your report? well, the biggest lesson is that it's important to support women. it's important to provide the infrastructure that women are able to found that women are able to work full time and combine up with the family. and here in the european context, german and the is definitely lacking. safe catching up a daycare,

availability and child care would be a top priority. all right, carla cole august co author of a recent reports on female founders in germany for the fo institute. she join me from munich. thank you very much. and that's it for now. we'll be back later with more in the meantime, checks out a line d, w dot com slash business for also on youtube under the d. w channel. i'm seniors. thanks. what 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 to success

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