russian president vladimir putin has declared martial lines for regions that were illegally annexed from ukraine last month. that upgrade titans the kremlin, so hold on those areas which have been seeing a ukrainian advance and a recent weeks. brushing daily news from berlin. i'm nicole really stay tuned. for the latest business days with my colleague, kate ferguson, math with people in trucks injured when trying to flee the city center. more and more refugees are being turned away as the border families playing bomb attacks in syria to these correct only with people lean,

extreme ross getting 200 people with 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, ah, the u. s. state of missouri pulls money from state pension funds, manned by investment, joined black rock. the reason that to avoid backing at quote, woke political agenda will of our financial correspondent what's going on, overcoming of turkey and russia agreed to establish a gaff hub on the black sea. but will the move have any impact on the energy crisis?

and why chimney sweep in the united kingdom are seeing a 3rd in demand for their services. this is d w business. i'm kate ferguson. thanks for joining me. the us state of missouri has followed louisiana by pulling hundreds of millions of dollars of pension funds, managed by investment company, black rock. the state treasurer, say the company is prioritizing environmental, social and governance issues over shareholder returns. a strategy they say is part of a woke political agenda. ironically, environmentalists say black rock isn't doing enough to divest from fossil fuel. black rock c o, a larry flynt defended his company's investment strategy thing he knows he's doing something vice, when he's being close, attacked equally by the left and by the rice. that's close to dw

financial correspond correspondent teddy, also in new york. teddy, this just seems a little bizarre. can you explain to me what this accusation awoken us actually referred to in this context? certainly pretty bizarre, given that woke. well, it's original meeting coming from african american vernacular, just means awareness or consciousness of social and racial justice issues. but in recent years we have been conservative republicans use it to derive anything that has a width of progressive change. now in this case, we are seeing a number of elected officials and otherwise use it to derive financial institutions such as black rock, other businesses that limit investment in any way to the oil and gas industry. that includes offering products of environmental social governance standards. and of course there's an irony here given that black rock is heavily invested in fossil

fuel industries, there certainly is a little bit of an irony there. and there is a lot of movement towards more values driven investment, teddy. but this intervention by state, this seemed new and different. where did you see this trend going? it's certainly become a trend and i would say that we're going to see more of it perhaps on other issues . we saw louisiana make a similar move earlier this month, pull out $800000000.00. and we've also seen a number of states republican elected officials enact laws or proposed laws in florida, texas, west virginia, oklahoma to limit or punish or ban companies, financial services and businesses that seek to limit any investment or lending or what have you on the oil. and gas industry, and of course, black rock is getting a beating from the left as well for being invested in oil and gas in the 1st place

. so black rock will have to decide which side they're going to follow. fascinating stuff, steady. i'll throw new york. thank you very much now to some of the other global business stories making news. shareholders of spirit airlines have voted to accept a $3800000000.00 buy it from jet blue. the deal which could still face a challenge from federal antitrust regulators would make jet blue. the 5th largest airline in the west. german cards i m b, m w is planning to invest $1700000000.00 in the production of electric vehicles in the us. the funds will be used to expand its factory in south carolina and to build a new plant for battery. assembly romania and other bay john have signed an agreement to invest in a liquefied natural gas facility on the black sea. the romanian prime minister said the project would lay a foundation for

a 2nd mode of energy transport to europe and would help the continent achieve energy security. turkish president, wretch of type r one says his country has inked an agreement with russia to establish a natural gas hub in turkey. the scheme would enable more russian gas to reach europe through the turk stream gas pipeline running under the black sea. the plant, apparently in the works for years, was a nurse at a time when russian goth supplies to germany via the nor to dream pipeline on the baltic sea before it. turkish and russian energy authorities are reportedly planning to establish a gaff. just be sure, center with a probable location of turkey border with greece and bulgaria. to unpack lot all of this means let's talk to our correspondent in turkey. dorian jones, dorian, what exactly is this plan golf hub? what would even happen there? well, there's a big mystery about there's no one really knows quite what the details wanted.

details are and, and on crow also appears to be in the dark. they were quite surprised by this announcement by russia old turning turkey into it got up, and it's still unclear what and how this guy helped proposed to actually work well though. alexi miller, the head of guests from the russian got provided last week speaking, watching a tv give some flesh to the power and proposal whereby apparel pipeline movie built next to took stream, which is the main provider brushing gas for turkey. and he said that with double the capacity of delivering gas to turkey from 30 to 60000000000 cubic meters a year. now that is quite, that is only a 3rd of what the 2 no stream pipeline that was supplying europe was supplying. but it's still a substantial amount, and if it was to occur, well those a big project is one, the deepest on the water pipeline in the world. it would still make turkey a considerably bigger supply. i've got to the region. so this plan would

essentially say russian goth reaching europe via the black sea instead of the baltic sea. no europe at the same time was trying to win itself all russian energy . what difference would this new route make? well, that has to be the big question. a lot of people are asking, given the fact that this proposed new pipeline that would be built would take at least a year, possibly even longer. and at a time when europe is desperate effort to reduce its dependency and to bring an end to russian energy to supply or to to europe. but by the time this pipeline would come on stream, who would be actually buying this rushing gas remains very unclear. and i think that is, i think a lot of skepticism about what this project is and if it is really viable economically or even realistic. and dorian, if you can, this is an economic decision for president recipe by one, isn't this? yes, well it is seen as an important economic vision for one,

although it does come across plan. so if he had to invite mind that turkey would provide the will turn to supply. i've got to europe, possibly iran and iraq, and all the other countries in the region as your book, brutal turn supply from russia. so this scheme does it seem to undermine that of the same time. one needs to work with russia. he's looking for a reduced cup price deal of gas full turkey this winter and also deferment of payments. so i got to pull off the next year's election, which is seen as crucial in terms of avoiding a possible balance of payments crisis. so that one in many ways is dependent on food and in many ways. and that is why he seems to be going along with this project toward jones. and it's kind of all thank you so much. and finally, netflix as attempt to win back customers appears to be working thanks largely to a new ad supported option. the streaming platform find off nearly 2500000 new subscribers in the 3rd quarter. that's almost twice as much as investors had predicted. the news led to

a 14 percent jump in its share price versus finance minister jeremy hans has further i watering cuts will be needed to shore up his countries finances. his comments come after he reversed the majority of the measures prime minister and his trust announced in her recent many budgets, against the backdrop of the cost of living cries, as it's perhaps no surprise then that many brits are turning to cheaper and more traditional waits to heat their homes. ah, jack parrot balances on the rooms of hampton bridge. he's never been as busy as he is right now. his task is to prepare the old chimneys for every one who plans to start using them again. the lid here is to keep birds from nesting inside the chimney. ah, nearly every postman is saying they're going to use the thermos. ha ha.

it costs, in this case, stoves and fireplaces will be helping warm homes again, since the beginning of the month, energy prices and the u. k. have been kept still heating with gas is 3 times as expensive as it was last year. i joe, i saw her last good. see you always. this is why sarah k had her oven refurbished by jack recently. she's already been relying on it. so today jack came to clean it for me each from 2 hours a day. which bed, you know for the day and the heat rises, and it kept the house which was soft, cut my bills down. for sarah, the effect is noticeable. her heating costs have stayed almost the same. that's a success in itself. she now pays mainly for electricity and hot water would, however, can sometimes be free, free would. because if you count cold in man, if you have to talk, but how would she come in if you pay for coal?

but she'll just looking and getting wood from nature from the woods from the ground . he's free burning. all that would is not good for the environment, but the need to save money seems more prominent than climate awareness for some people right now. the desperation in the u. k is growing even with the price cap. the bills are hefty demonstrations like this recent one in london have been seen in every major city. even though britons don't typically tend to protest. yeah, i'm reluctant to put my heating on on on a very high wage. i'm and a lot of people, my family friends, they're very worried that they won't be able to pay their bills. we've been badly paying uh bill is as it is. and now that we have to consider putting on our heating . and i've done that actively. i've changed, i've stopped using the boiler where i can for now sarah will continue to collect

wood with her son. after it's been sufficiently dried, it will be one less thing. she and her family have to worry about this winter. that wraps up our show for more you can always log on to g, w dot com slash business, or check us out on facebook. we're also on the deed of the news you to channel from me in the team. it's the buy in the super rich are destroying the climate and they produce exponentially more greenhouse gases than the rest of humanity. and the number of super rich is growing. and what can be done about these ecological vandals?

can we show them a new way of life? global 3000. net on d, w. n. m goes green and germany, a textile manufacturers. dna now produce a sustainable gene convention black box. with the help of robots, lasers and green energy. the retail chain is revolutionizing the production market, assign of emerging standards to the global textile industry, made in germany. in 60 minutes on d, w. ah. with listen carefully and don't know how with,

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