towards the famous unesco world heritage site yamuna river stretching below them. and they arrived with a soft landing article further up after the break. britton makes a budget you turn, but will it be enough to con the market? what has more on the business after people than trucks injured? when trying to flee the city center. more and more refugees are being turned away as the border families playing with

people lean extreme around 200 people for something around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. w. made for mines. ah . an entire budget in the bed. the u. k is 4th. finance minister in 4 months has torn up previous plans with tax cuts and borrowing in an attempt to close back market confidence. and meet the meet of the future and is not meet at all. hey,

how 3 d printed protein could soon be hitting plates across your state of your business on robots in berlin? welcome to the program. the british government is scrapping almost all the pledges announced in a budget less than a month ago following a collapse in market confidence in the u. k. economy. the pound is strengthened, more than 2 percent against the dollar. as a result the u. k. as new finance minister has set a new course dramatically different to that put forward by his boss, prime minister this trust me will you be putting in place today? sorry that the right guys. just days after becoming the new u. k. finance minister, jeremy hunt had the press hot on his heels and soon found himself on the front page. that's because hunt says he will abolish nearly all of the tax cuts announced by his predecessor quasi karting barely a month ago. these include cuts to corporate taxes and

scrapping a new vat tax on shareholder dividends. no cut to the base marginal tax rate until april next year and know to a duty free shopping scheme for non u. k. visitors facing economic turbulence. hunt warns government spending must be cut and that the current energy relief scheme will need to be redesigned in april, not 2 years from now as originally planned. it would not be responsible to continue exposing public finances to unlimited volatility in international gas prices. so i'm announcing to day a treasury lead review into how we support energy bills beyond april next year. the objective is to design a new approach that will cost the touch, pass significantly less than planned, whilst ensuring enough support for those in need. taxpayers like tilly, st. arbin,

mart, my future. my, for my children. i'm worried for the i'm a chess and word for the structure of this country. i feel like we're going back because we're going to become a 3rd world country. analysts say hans decision has already had a positive effect. he had this morning when you came on trading started, you had a leasing of kill yields. so the market sort of saying, okay, we'll wait and see. but we're more relaxed now than we were attend to trading on friday when you'd seen them a rise shortly. the new measures could restore market stability and with it public trust in the government's approach. well, let's discuss this astonishing turnaround by the british government without correspondence in london bigot ma spigot. is this the prime minister's plans for the economy completely torn up and thrown in the been now there's really

almost nothing left of less traces original program. if you remember, she had become prime minister and lead of the conservative party with a program of aggressive tax cuts. and these have now almost all of them been reversed by the new chancellor. his all the mena, i would say he'd try to presented herb taylor present himself, as almost as like the adult in the room to say, well children, we can't continue like as it, as it was intended, we've got to just start all fresh. and really he reversed almost everything that list trust stood for, which obviously leaves the question where is her 30, on what basis can she even remain to be prime minister? yes, that is the question. i mean what, what are people saying about that in the u. k. can she stay imposed? speaking to people, there is really not much support for les stress, even people that ordinarily very conservative. if there was an election, the conservative party would be almost completely restore. destroyed. obviously,

this is why they are not planning to hold an electron. any time scene, but there is an awful amount of plots in going on behind the scenes and, and m p 's a voice in the concerns also publicly. and as talk, we're finding somebody who could take over like a unit a candidate. so we're not here yet. but the next days are going to be really, really crucial for less trust. and as for the chancellor, the 4th chancellor in a matter of months for the u. k. jeremy hunt and his new approach. how's that going down? i think people will need to digest. ah, what they're hearing, some of it is also quite complicated. financial owed market going on c. so not everyone will be following this really in detail, but what people are really feeling is, is their mortgages and the high interest rates that they will have to pay on their mortgages. and this is something that we're probably not ah, be, be reverse very,

very quickly. so people will feel this pain for, for a while to come. and i think this is also why the competency economic competence of the conservative party for now really has taken a huge, huge head. and it will take some time ah, for the new chancellor to to be able to, to re live this economic competence and to revive it. okay, very good master in london for us. thank you very much for your update. last so many other global business stories making the news germany is extending the life of his 3 remaining nuclear power plant due to the ongoing energy crisis originally due to be phased out by the end of this year. now, chance the all of shots says he will create the legal basis to keep them open until mid april of 2023. lufthansa subsidiary euro wings cancelled around half its flights on monday is pilots stage to walk out there calling for an increase in rest

periods and fewer hours in the sky management has called the demands excessive as it struggles to satisfy demand. apple is freezing plans to use memory chips made by a chinese state funded company. the decision comes after the u. s. government imposed tied to controls on chinese tech firms. apple had originally planned to start using the tech from young memory technologies. as soon as this year brother kanye west to now goes by, yay. is offering to buy a social networking platform. widely used in right wing circles parlor says the acquisition will be finalized by the 4th quarter, but is not provided a figure for the deal. when we go yea, was locked out of twitter and instagram for posting anti semitic content. and wall street goldman sachs is planning to restructured biggest businesses into 3 divisions. it would be one of the biggest re shuffles in the firm's history. one of

the strategic maneuvers would be to combine its investment banking and trading businesses into one you let's get more on that story from a correspondent, the new york stock exchange teddy australia. teddy was behind this decision by government. well, that's right. it's definitely a pretty big shake up, and it's evocative of some hard decisions for the direction of the bank. they are going to restructure to be somewhat similar to their peers. and they would like to boost their stock valuation which has in lagging relative to their competitors. like morgan stanley, now essentially what's going on is that goldman would like to shift it's a tragedy from investment banking, which has been suffering a bit this year with all the volatility in the market. they want to move into more steady profits, fee based profits, asset and wealth management,

taking care of wealthy people's money. institutional investors. and this re shuffling is a step in that direction according to the bank. oh, so monday will stay got to based from better than expected results from bank of america or i said the bank of booking the trend i would say that they're not really booking the trend. they certainly did better than expected . they still suffer some losses, but it's more of the same of what we saw last week with some 3rd quarter earnings reports from some of the other big bank side j. p. morgan chase wells fargo city group. so there are these losses, but offset somewhat by consumer lending. all the losses really are much of it coming from these investments. which as we all know, the volatility in a markets, the warnings of recession, there have been major losses there. and we are also seeing something interesting of more loan provisioning, putting money aside to offset any losses from loans that may sour,

if there is in fact it down. where trend in the economy with again, all these warnings of a recession over here. okay, to the aust joe, all wall street boys, thank you very much, yet they now it might be due to a desire to protect the environment or the welfare of animals. the meet alternatives are increasingly turning up on your opinion plates, plans based burgers, for example, are already widely available. but scientists and gore mays are working together to take things. one step beyond this is not meat, and that's not the most surprising part. because these plant based dishes don't come from a traditional kitchen either, but from a 3 d printer and they're heading to restaurants across europe, at least that's what is railey start up, redefined meat is planning their bet that it tastes and feels like ordinary meet. here we study, meet any moment a we study the texture, to chewing the vendor ness,

the juiciness all the properties that give me the sensory experience. and then we know how communicate in our meet the product is made from soy piece chick peas. and more, many companies have produced, great, dazed out of these very ingredients, but here they pay special attention to the look boiler when i want to make my 2nd, i have a, a library of a few different so that i can reach one of them. and they can adjust that of course, i can define the amount of marveling channel or they fill it. sure looks like real meat, but one question remains. well, gore me is in markets like germany, france and italy go for it. perhaps going to

a plate ne, you and a reminder, the top business story that we're following for you. this our, the british government is scrapping almost all the pledges announced in a budget less than a month ago following a collapse in market confidence in the u. k. economy pound is strengthened, more than 2 percent against the dollar asp result. and i saw from may on the business team handbell. and if you like, more from us to head over to our website at d dot com slash business, you can also find his own media venues, youtube channel as well. and where, of course, on facebook, gertrude, date of you dot business on the back till next time, i guess with sh rev. it's all about e mobility. we travel through china without the driver take a detour into the history of the electric car. how to get the most out of charged

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sea. it's waters connect people of many cultures, siena almost rock and to far dual korean drift along with exploring modern lifestyles and mediterranean. where has history left its traces meeting people hearing their dreams editorial during this week on d. w. oh ah, to day on read the auto and mobility show going for a ride in the driverless car in china. the new electric truck that's designed to maximize road safety. how to max out your range and save money in an electric car.