is from us, not all that far away. it's done it. a reminder of the top story by following for your president soleski has asked ukrainians to switch off their electricity from 7 this morning to 11 the same thing as part of efforts to save power with winter on the way the appeal comes as rush of widens it strikes against energy facilities across the country. you're watching the w news from bo, then i bank because all in business is next wave kate ferguson. i'll have more news next out to you that i have been threatened. i have been beaten. i have been taken straight. it because

we tried to to show the face of mafia all over the world. environmentalists are in danger. the enemy, roofless corporations corrupted government agencies and criminal cartels. with a design and targeted environmentalists in danger starts october 29th on d. w. ah, the us state of missouri pulls money from state pension funds, managed by investment, joined black rock. the reason that to avoid backing at quote, woke political agenda will ask our financial correspondent what's going on over coming up turkey and russia agree 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 surge in demand for their services. this is dw 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 said 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 fuels, black rock, c o, a larry flynt defended his company's investment strategy, saying 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. correspondence. he also in new york teddy, this just seems a little bizarre. can you explain to me what this accusation of woken is actually referred to in the context? certainly pretty bizarre, given that woke. well, it's original meaning coming from african american vernacular, just means awareness or consciousness of social and racial justice issues. but in recent years we've 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 yes, g 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 seems new and different. why 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 band 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 to the 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 bio from jet blue. the deal which could still face a challenge from federal anti trust regulators would make the jet blue, the 5th largest airline in the us german cards i and b, m w is planning to invest 1700000000 dollars 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 plan for battery, assembly romania and other by 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, rash 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 worked for years, was a nurse at a time when russian got supplies to germany via the nor to 3 pipeline on the baltic . sea have been halted. turkish and russian energy authorities are reportedly planning to establish a golf. 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. why and

details are an impact on cro 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 the proposal actually work. well though, alexi miller, the head of guests from the russian guest provided last week speaking, march, and stay tv. they keep some flesh to the power and proposal whereby apparel pipeline movie built next to took stream, which is the main provider of brushing gas for turkey. and he said that with double the capacity of the delivery got 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 pipelines that we're supplying europe was supplying. but it's still a substantial amount, and if it was to occur, well those a big project is one of the deepest on the water pipelines in the world. it would still make turkey a considerably bigger supply of got to the region. but this one would essentially

say russian goth reaching europe via the black sea instead of the baltic sea note 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 a big question. although people are asking, given the fact that this proposed new pipeline that would be billed, would take at least a year, possibly even longer. and that's in the, at the time when europe is desperate effort to reduce its dependency and to bring an end to russian energy supply 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 a realistic. and dorian place, if you can, this is an economic decision for president recipe by doing this. yes, well it is seen as an unimportant economic to you to one,

although it does come across plan. so if he had in mind that turkey would provide the alternative supply of gas to europe for possibly iran and iraq and other other countries in the region as your book, brutal turn to supply from russia. so this scheme does it seem to undermine that, but 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 for that gap until often next year's election, which is seen as crucial in terms of avoiding a possible balance of payments crisis. so that's one in many ways is dependent on puting in many ways. and that is why he seems to be going along with his projects, tori jones and assemble. 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 fined up nearly 2500000 new subscribers in the 3rd quarter. that's almost twice as much as investors had

predicted. the news lead 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 liz 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 ways to heat their homes. ah, jack parrot balances on the roofs of had been 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 customer is saying they're going to use the pharmacy i

it's because in this case, stoves and fireplaces will be helping warm homes. again, since the beginning of the month, energy prices in the u. k. have been kept. still heating with gas is 3 times as expensive as it was last year. i joe, i saw 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. it took me each from 2 hours a day, which fed, you know, for the day and the heat rises. and the house will you will self 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 come coldly mad, then you'd have to talk. but how would she, chuck, you know, you, 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. um and a lot of people, my family friends, they're very worries that they won't be able to pay their bills. we've been badly paying off bills as it is. and now that we have to consider putting on all heating and i've done that actively. i've changed, i've stopped choosing 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. and that brought up our show for more you can always log on to d, w dot com slash business, or check us out on facebook. we're also on the deed of the news you to tunnel from the in the team. it's the by denim goes green and germany textile manufacturer. see they now introduce the sustainable gene convention black box with the help of robots, lasers and green energy. the retail chain is revolutionizing the production market

. a sign of emerging standards to the global textile industry made in germany next on d, w. ah . and sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental conservation to life with learning pass like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing and download it now for free. we're all set to get to go beyond the obvious.

oh, as we take on the world 8 hours, i do all this. yeah. we're all about the stories that matter to you. whatever it takes by policemen follow being paid. you know we are, your is actually on fire made for mines. ah ah ah ah ah, inflation is soaring down to round the world an increasing number of people finding themselves short of cash.