strode over 30 percent of its power stations in just awake if that continues ukrainians are going to be in for a very cold dark winter. this is daily news live from berlin. stick around because coming up next is that business with kate ferguson? i'll see you soon. after that, take care bye. ah. people and trucks injured when trying to flee the city center. more and more refugees are being turned away as a border. families play all the tags in syria to these correct only, with people fleeing extreme ground. around 200 people. in around the world, more than 300000000 people are seeking refuge. yes.

why? because no one should have to flee. make up your own mind. d. w. made for mines. oh, oh. was market reaction responsible for the quickest ever demise of a british prime minister? we'll take a look at the policies that prompted the financial turmoil which eventually forced to live trust to resign. all of the coming up $3000000000.00 to boost electric mobility. the united states is betting big on electric battery production. meanwhile, europe is on a similar road. it's focusing on how best to force critical materials like lithium . this is the daily business. i'm kate ferguson. thanks for joining me. did the

markets bring down a british prime minister? that's the question being posed after live trust resigned just weeks after taking office. investors had previously firmly rejected her economic plan, one which she said was based on a boosting growth, but which money experts thought would lead you k finances in depth array. her departure comes as the u. k. baffled flooring inflation and energy crisis. for more, i'm joined by hillary ingram, professor of economics off lancaster university hillary news of trust his resignation. immediately some of the pond of a pretty damning response to her short lived leadership. given how tumultuous british politics is present, how long do you expect this feeling of relief to laughed? i think it in, i very much depends on what happens next. as you sent in either the pound appreciated chat, prices went up, borrowing cost of $38.00 gills went down. but

a cool, so the problems are on the line. the conservative party hadn't gone away. they're not the united policy. and i think, you know, one race in my people were hoping that maybe list trusts could have hung on a bit longer, was to try and find some sort of compromise. come to that because you very much got this little list, come with the european research group. and then then you've got the, the other people. so it's difficult to identify a, prefer canada because at the minute, if they go into a general election and there is talk that whoever succeeds they will have to go to the electric quite soon. they are looking at a mass safety fate and will be facing years in opposition. and many of the, you know, big based in the policy could lisa sites. so they're just an incredible number of unknowns here. but the writing did seem to be on the wall a through an as trans announced that many budget last month, reminders of what he was proposing and why investors were so spooked. what she was

proposing was a big money give away. so, you know, she'd already announce the sort of help with fuel. then she wanted to reduce income tax. then she was going to abolish the very highest rated tax that was stamp duty concessions. but i think waltz the, the markets was that there was no indication of how this might be paid full. now trust always rejected the treasury orthodoxy, which basically says that if you're going to make spending plans, there's got to be something in place as to how these might be funded articles then forget, normally when such things are announced that a budget time we get the independent view of the office, the budget responsibility, and we never got that. i'm the only leap out later that they were talking of figures in i 72000000000 pounds. so why was it going to come from?

so i think what went wrong is she was very ambitious with what she was giving away with absolutely no idea as to how the company might pay for it. so we have no idea yet who is going to succeed her. but what does that person have to do to regain the trust of the markets? well 1st of all, i think they have to regain the trust of the party because the policy is very much divided and it would probably be a simplification to say it was dividing to. there are lots of different factions. so i think they need to bring the policy together and that might in a sentence inject some stupidity because markets that like uncertainty and instability and that is bolt the u. k. government is characterized by now. so i think, you know, they need to calm down by that they, they need to unite behind, delayed, or they're not coming out to the conservative party members. again, they certainly common full to go through a great, long, protracted process like that. so in just over a week we will have a new leader. so i think things need to calm down. you know,

i don't think whoever takes over is going to make such rush policy pronouncements as mistrusted, you know, without any idea of how these things are going to be funded. i mean, you know, when this talk of a recession, when interest rates are going up, it makes no sense to have a chance to le, standing up and say, okay, well, i'm going to pump more money into the economy most at the same time, we're trying to rain back spending via increasing interest rates, which are going to keep increasing. and i mean, the governor, the bank of england has sent the increase might be greater. so i think we need to see some sort of cohesive policy. i bought the chancellor is going to be proposing working in terms of what the bank is trying to do to re back inflation not trying to work against each other. and i think that's what jeremy hunt tried to do with the statements he made last weekend when he was appointed as chancellor, hillary and professor of economics at lancaster university. thank you very much.

give tonight us president joe biden is to spend almost $3000000000.00 to boost the production of batteries for electric vehicles. the funds will come in the form of grounds and will be awarded across 12 different states. projects focused on extracting and processing, lithium graphite, and other battery materials will be given priority. the plan is part of a broader strategy to slow down climate change and promoter green industry. the whole clarify permits are some say a challenge, but we see an opportunity, a real opportunity to shift to a net 0 sum carbon world. and one of the most significant economic transitions since industrial revolution mass not i personally, that's a fact. we're also confronted head on when american ingenuity and american jobs more. let's go to d. w. financial correspondent,

teddy austria in new york. hetty. good to see. let's get into the detail of it here . who is gonna get these grants? can well, this $2800000000.00 in grants will be dispersed to 20 companies that includes albemarle piedmont, entech. but perhaps what's most interesting is where they will be dispersed and that's across 12 states, largely republican, held to alabama, kentucky, louisiana. and these are states that voted for donald trump and 2020 their politicians voted against the inflation reduction act that biden's largely climate focus legislation passed earlier this year. that gave a ton of money to the e v market. now they're certainly welcome in the welcoming these grants, accepting the jobs that they likely will create. this irony was certainly not lost by biden and his speech about the grants. okay, so this is a really significant investment, but how much would you say this will help the united states to really establish

itself in the electric vehicles market? i would say it's, it's one significant step forward. now biden has been pretty explicit that this is a challenge to china and chinese companies control over the, the battery market. china and chinese companies control about half of the materials production that go into e, the batteries. now the united states controls less than one percent of lithium production. that said, this will be pretty significant. it'll click very well with the inflation reduction act, which will give tax breaks to e, v. manufacturers. but on a stipulation that much of the materials that will go into those evie batteries and those e b 's have to come from the united states. and that's what these grants will do. and it is a significant step forward that said the united states has a lot more to do to catch up today after a new york. thank you much news. and the united states, of course,

isn't alone in moving forward with the green transition here in germany. efforts to boost electric mobility are also firmly underway. newly discovered lithium deposits could provide a major boost to the coals by reducing the reliance on foreign supplies. lou here, the so called white gold of the green energy transition lies dormant. large amounts of lithium are needed for batteries to power e cars. but lithium can be found in the hot thermal water of the upper ryan river, 4000 meters under ground. the german branch of australia's vulcan energy resources wants to extract the lithium from the thermal waters in an environmentally friendly way. in a lab in karlsruhe, the team has developed a process to hopefully extract the lithium on an industrial scale in us. and so far

in the 1st 2 faces, we could supply up to 40000 tons of lithium hydroxide for about 1000000 mobility batteries. after that, we can keep expanding. we believe we can meet 25 percent of european demand in the long term and supply all german production with it. in order to transport these mineral rich thermal waters up from the depths, the company relies on geothermal energy, 160 degree hot water is pumped up via bore holes and used to generate electricity to power the extraction. it's climate neutral, but there's a catch in the past. geothermal drilling has repeatedly caused earthquakes. ah, numerous buildings were damaged in the process with many of those affected left to pay for their own repairs. as it is hotter,

the assessor estimated the damage is 825000 euros. oh, okay. so you'll be reimbursed. you know, the insurance company only wants to pay 2500 euros so that i can have the crack seal to win it. many since lisa latham, in a worst case scenario, drilling could police the ground water. some lithium extraction projects in the region have already been halted for many experts. however, this is going a step too far. they say with modern technology, thermal water can be found in the deep rock, where tapping comes with no risk. high precision geo sensors could also help ensure that drilling has stopped before it causes damage the letters back to the 200. all this data mining authority is very careful and strict govern. of course, no one can guarantee that no further earthquakes will be triggered. but we're sure

that we can put enough measures in place to prevent that from come to flame. lithium mining with geothermal energy could be a big opportunity for the energy transition. but vulcan energy has its work cut out, trying to convince residents in the region that the extraction is safe. thanks for watching, i enter the conflict zone, which sarah kelly. moscow has stepped up a pre winter campaign to strike civilian infrastructure in ukraine using missiles and drones and my guest this week on conflict building from the berlin foreign policy for him is nato secretary general. yes, chilton bar. how far can nato members increased support for ukraine? go to help feed, repel clinton's invasion with the w to the point. strong opinions, clear positions,

international perspectives. civilian targets and ukraine have come under heavy russian fire, including from so called kamikaze, drums. and the west is mounting a response. today on to the point we ask, as the war in ukraine escalates, will nato seem to be party to point with d w. with? listen carefully. don't know how with today go, ah, feel the magic discover the world

around you. subscribe to d w documentary on youtube. moscow has set up a pre winter campaign to strike civilian infrastructure in ukraine using missiles and drones, as nato members promised to send keep more air defense systems. my guess this week on conflict zone from the berlin foreign policy for him is nato secretary general. yes, dalton burn. how far can natal members increase support for ukraine? go to help t repel invasion. the systems need dollars. partners have delivered. have all of them made a huge difference. so this is one of the reasons why russia has not been able to gain the air superiority control over.