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mm hm. ah, ah, me, you attempt to unite over energy. the european commission has set out proposals to help the block through its gas price crisis. will they be enough to bring members states together? the dollar goes from strength to strength,

leaving other leading currencies in the dust. we'll look at the impact around the world that the historic drought ravages the american south west. we ask local pharmacy how they're coping in the extreme heat. this is d to we a business armor was in berlin. welcome to the program. a plan to see europe through the winter. european commission has set out proposals and it raining in surging energy prices across the you. among the idea is put forward by the commission as the signing of joint gas supply contract. but not included in the cap is not included is a cap on gas prices. the idea has split member states with germany making its opposition clear. it doesn't want to scare off is new suppliers. your leaders will discuss the proposals later this week or to explain more about what the european commission is proposing. here's our correspondent in brussels. terry schultz. well, european commission,

chief ursula vander lion is pleading with countries to cooperate more in bringing down energy prices as we head into winter. now, what she made her priority in the package of proposals she unveiled to day was that countries make joint purchases of gas. she says when they're competing against each other for gas contracts is just driving the price up for everyone. borderline says this will also be an advantage for suppliers if they get larger contracts. and she's talking about reliable suppliers in her words, and she, she means norway in the united states, primarily as a european union tries to further limits dependents on russian imports. now the other thing that she would like to see happen is putting a cap on what they call the dynamic price of gas. that would limit fluctuations on price in the market. and she very much hopes that of both of these proposals will be taken up by you leaders later this week and approved. but one of the measures that is missing from these proposals is the cap on the price of gas at some member states have been calling for. why has the commission has stopped short?

yes, for the reason that you just mentioned, some member states are calling for it and some of them, namely germany are against it. there is no agreement on capping the price of gas, and therefore the proposal wasn't worth mentioning today or slow andre, and unveiled her new package of proposals. again, as i mentioned, they're very much hoping that these proposals will be approved by leaders meeting later this week. at an e u summit, and that then energy ministers can hash out details on those proposals that will get agreement. the price kept on gas is something that will need more negotiations . but i think that ursula underline is very much determined to see that happen. ok more to come on this later in the week on terry schultz in brussels for us. thanks very much. moving on in recent months, the u. s. dollar has been going from strength to strength is risen. 18 percent against the basket of key current is since the start of the year, the federal reserves aggressive rates hikes intended to control inflation. having

a major effect beyond american shores. as long as there are a current, there's a need for people who can fix them. but in this repair shop in nairobi, one of many in the neighbourhood times are increasingly tough. the business is struggling. customers are unhappy. the cause, the strong us dollar and a relatively weak local currency, which is sending prices through the roof. sometimes you find that they say increase of 10 to 20 percent in their cost of a fair fund within a period of maybe $5.00 to $6.00 as 6 to 12 months. we ship was not expecting for us. like now we are in wholesale and retail of pots and you find that most of the customers complain a lot just down the road paths dealer, albert che, feels the same pain we are continuing to, to lose if i used to pick my children to what he does because what they'll do,

those had what he does anymore, because on the over the weekend he sheely, it's a phenomenon which is heating small businesses around the world across all sectors . in istanbul, chill out cali, sells infant clothing and diaper bags in his 2 shops. the letter wasn't the i'll, we purchased material and pay for manufacturing in u. s. dollars, but we sell in turkish lira. that's the problem. it's why kelly has to raise prices for turkish customers who have to pay him in the degraded local currency. arising dollar is causing pain overseas in a number of ways. it makes other countries imports more expensive. it forces central banks to raise interest rates to defend their currencies and keep money from fleeing their borders. it squeezes companies, consumers and governments that borrowed in dollars because more local currency is needed for loan repayments and those higher borrowing costs we can economic growth and drive up unemployment. let's discuss how we come to this point with our

financial correspondence in new york. teddy, australia, teddy, i just remind us why the dollar is so strong and has been for the past few months. well as they say, the dollar always wins no matter the state of the economy, but right now the dollar really does seem to be raining supreme. well, 1st thing to say is that the dollar, of course, is the world reserve currency 40 percent of transactions are denominated in the dollar. many commodities are priced in the dollar, excuse me, our price in that dollar and, and, but for us, for the recent surge, what we're seeing is that federal interest rate hikes are encouraging foreign investors to exchange for greenbacks. and we are also seeing that the crises around the world, such as the energy crisis in europe, such as the supply chain crises and the threat of recession is encouraging people

to invest in the dollar. because it is seen as a safe haven, a pillar of stability and security in a struggling world. i was just saying, i report some of the drawbacks for other countries when the dollars is say, strong boot, presume ratios, their price challenges for some u. s. companies. if well, if you're in america, taurus in japan or the u. k, you're having a great time right now. everything is cheap. that's not the case for all american businesses. if you're an importer, things are great, things are cheap. however, if you're an ex border, or if you have international operations, you could be seeing some losses. that's because all these goods and services, of course, are more expensive in foreign countries and we are seeing fall and demand. we have already seen some multi $1000000000.00 hits. in some cases, a lot of companies are suffering ibm, johnson and johnson. and if a dollar continues to serge, it's likely we're going see more of this for american businesses. ok to the

australia on a very busy floor of the new york stock exchange. thanks a lot. now let's take a look at some of the other global business stories that are making the news. exxon mobil says it has completely left russia after president putin expropriated its properties. the move from the russian leader followed months of discussions next on says it was not compensated for the assets, which i estimated to be valued of $4000000000.00. a russian court has fine live streaming platform, twitch for refusing to take down what moscow calls inappropriate content content relates to russia's invasion of ukraine to which received to fines totaling a $120000.00. same court has also submitted promotion against wikipedia. large financial institutions have increased their funding to companies responsible for deforestation around the world. that's according to the forest and financed

coalition. the angio says that such financing rows over 60 percent to 47000000000 dollars last year. and philanthropist, mackenzie scott, who was previously my a $2000000000.00 jeff bezos has pledged to donate nearly $85000000.00. the girl scouts of the usa in 2019 scott promised to give away her entire fortune so far. she's handed over $12000000000.00 to various causes and to relief efforts in ukraine. staying in the restaurant and extreme drought is changing the part of the united states landscape along the colorado river lakes are drying up and once 1st, our land is becoming parched. as this report from arizona shows is our traveling times for the regions vomas' 48 degrees celsius with no sign of rain in sight. then that's worrying nancy kaywood. she's watching her land roy up before her very eyes. it's only received

a 3rd of the rainfall. she needs sustained business. everything was dried out. there's land across the canal bank, straight to the east. and i'm all about is out of production because we just don't have water availability. less than half of our farm is in production. all we can do is watch things dry up. the reason the colorado river is running dry. climate change is causing less snowfall in the rocky mountains during the winter. and that means less water for the river come to spring for putting pressure on 40000000 people across 70 was states and mexico. the heart of the problem lies in lake, meet the country's largest water reservoir. its water level continues to fall and is difficult to create a collaborative outcome when you have 7 states, a foreign country, mexico, the federal government, local governments, next year we will take 21 percent reduction in our water supply. mexico and nevada will take reductions, but california still will not take any reductions. hydrologist warned that such

droughts will likely become more common and more severe in the future. personally, i've, i believe than not enough. people take the idea of climate change in human induced climate change. seriously enough, water is a limited resource. ah, many political scientists say that it will be a battle ground in the future. ah, the lack of water creates political instability. and the potential conflict do it's, it's like, is this the most recent update to the u. s. strong monitor revealed a startling figure. nearly 82 percent of the country use facing abnormally dry conditions, if not worse, the highest percentage. so the drop monitor launched in 2000 and just lastly, casara always is withdrawing flight stories international airport, not because of strikes or lack of passengers, but to make space for weld cut fans. the airline is halting services from 18

destinations in order to accommodate the 1200000 visitors. they expect to welcome for the football tournament next month. spokesperson for hammered. international airport says more than $500.00 commercial flights, and hundreds of charter and private jets are scheduled to land each day. muscle remain up as a team here in berlin from ot to head over to our website to see do we have com slash business? you can also find us on the d, w, news, youtube channel, and were on facebook as well as peter weve. tough business for me in the team till next time. take care of the super rich, i destroying the klein, it, they produce exponentially more greenhouse gases than the rest of humanity. and the number of super rich is growing. what can be done about these ecological

vandals? can we show them a new way of life? global 3000 net or d, w. n m goes green and germany hack style manufacturers. you may now introduce dana to jean mentioned black box. with the help of robot lasers and green and the retail chain as revolutionizing the production market. it's a sign of emerging standards to the global textile industry made in germany in 60 minutes on d. w. o. devastated with to how we can with cars carry life money. defects of climate change

. i mean felt worldwide before a station in the rain forest continued. carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will because change doesn't happen on its own make up your own mind it d. w, late for mines. ah ah, welcome to global 3000 global well this distributed hugely unequally. we met someone who is nonetheless.