violently accepting sexual abuse, this is did every news and has the reminder of our top story at this hour. pretty soon, i guess that to become britain's 3rd prime minister this year, the full, the finance minister gained the support of more than half off and piece from the rolling conservative party. soon access that stabilizing the economy will be his 1st priority. at that for me, daniel venter has dw business next to stick around with every day for us and for our planet. global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats? what to do with all our waste. we can make

a difference by choosing reforestation over deforestation recycling over disposable smart new solutions over steam set in our ways. earth is truly unique and we know that that uniqueness is what allows us to live and survive global ideas. the environmental series in global 3000 on d, w, and online. ah, it's be the day of deja vu was britain picks. it's new p n wishes to not will take up the role on tuesday, the country looking to him to stabilize the economy. how can i do it or speak to an expert. also coming up while the war in ukraine continues thought to turning to what come next. germany, ukrainian business and political leaders meet to discuss rebuilding efforts. we'll

see what's called a country lead. and all of europe is struggling with energy prices, but it's hitting some countries harder than most. we had to athens and see how greeks struggling to make ends at the time again dw business. welcome richie sudak is set to become britain's 3rd prime minister in less than 2 months. soon i go face a set of economic challenges, including the highest inflation in for decades. a growing cost of living crisis and an energy crunch due to the war in ukraine. speaking to conservative empties on monday soon act called for stability and unity. the united kingdom is a great country, but there is no doubt we face a profound economic challenge. we now need stability and unity, and i will make it my utmost priority to bring our party and our country together.

because that is the only way we will overcome the challenges we face and build a better, more prosperous future for our children and our grandchildren. and joining us now in his daily business debut, daniel mahoney is u. k economist at handles bank. and thank you very much for joining us, daniel. and so how would you describe the market reaction to tonight becoming a prime minister today? after all, with trust, we saw russians in the markets. what was the reaction with sooner? you know the reaction stay in the market, so it's very positive. if you look at by you and currency suggested that they were quite positive about what happened during the day. say, get you down by about 30 basis points and much more than european counterparts and studying didn't really react again the dollar. and the week before, however, we did have a bit of a write a case study in terms of what happened with the financial market,

say when jeremy hunt took over his chancellor took over from coffee courting. he noticed a number of you turns to fiscal policy. markets directed well to that, obviously, less truck, the prime minister. resigned later on that week we didn't see much reaction from markets. volatility did return on the friday, and that was when boys johnson announced that he might be in the running. and i think markets were slightly worried, but that could be a political turmoil. they, they didn't welcome that as well as be. so what happened today? he dropped out the race and now we have recently seen, and yes, markets did react positively to that. all right, so we go just talking about the government bonds, you take them in bonds and base it as an implied cost of borrowing for the country as well. says very, very important measure. but looking ahead, tuesday ration next expected to become pm. so what are the main economic challenges he needs to get started with fixing?

i think you have an immediate priority, which is to make sure that markets remain stable. i think he's already achieved that somewhat, but you've got to make sure that position stays when there was trouble in the guilt market. that was over to this issue around pension funds and long day to go so 304050 years. and it was real issues that when, when the price of guilt was full and it was causing, it was a number of issues. so we don't want to see that again, of course. the 2nd issue i'd say, was twofold, a very high inflation environment, just like we are across the developed world later, suggested double digit figures, inflation 10 point one percent. but at the same time, we've got a slowing economy, and it seems pretty likely that we're going to be entering recession in the next in the next couple of courses. so having that jewel problem is going to be a major challenge for amc not. all right,

well i certainly got challenge ahead of him. let's see how he does daniel mahoney. thank you very much for talking to us about look across the pond to the united states now and a busy week ahead of stock watches. joining us from wall street is teddy australia, so teddy drawing the most attention this week will be tech stocks watch will a powerful as a huge week here on wall street printing from amazon, apple. meta microsoft. really, you name it. and it appears that the expectations are not particularly good last quarter. we saw some issues. for example, mehta had its 1st decline in revenue in its history as a public company and sees maybe we'll see a continuation of ad revenues declining, as well as a demand shifts from the consumer from e commerce, from tech products that we saw earlier in the pandemic. towards more services and

of course the cost of fuel is expected to hit the bottom lines of vehicle makers and travel companies to yeah, we're gonna hear from southwest jet blue general motors for now is for airlines. it does look like there's some resilience there. we saw american airlines did quite well record breaking revenue. it does seem like americans are going on vacation. they are taking those flights. now, automakers, it's a little bit different expectations are lower because of the cost of fuel because of continued supply chain snarls. but they are insistent that demand is still high and that their profit guide is actually hasn't been cut for the year. okay, so it's gonna be a busy week ahead and teddy, you will be walking this through that. thank you very much for that from new york to the left now to ukraine, where russian missile and drone attacks have taken their toll on the countries critical infrastructure. the i m. f. believe's,

ukraine's economy will contract 35 percent this year. but where some see destruction, others see a chance to rebuild the cranes. prime minister sang in a meeting of ukrainian and german business leaders. on monday he studied up $500.00 major investment projects with $400000000000.00. all that's left is to attract the funds. rushes daily bombardments of ukraine are leaving housing roads, railways, and power plants and ruins and is not in sight. but the german government is already preparing efforts to help rebuild ukraine with winter approaching ukrainians. need electricity heating and water? german chancellor, olaf sholtes is hoping to attract investors with the prospect of e. u. membership for ukraine. does then chide on this. a decision sends a signal to private investors. those who now and the reconstruction of ukraine are also investing in a future e u member. and that will be part of our legal community and our internal market.

some 2000 german companies are already active in ukraine. and despite the war, most every made their number is likely to grow with many helping to rebuild the country. the most was just needed to restructure quickly and efficient ukraine and energetic system. and especially in the field of centralization of supply demand because they target in this huge former soviet union and electricity to station it, it's very simple to shut down lash cities, for example, keel or the lever from the for the electricity, the head of a large logistics company based in the city of denise pro, is eager to find some investors. it's a good time to invest to rod truck solutions for transportation sounds into ukraine. i would also noticed better housing,

as long as we have different gods with between european community and ukrainian railway infrastructure. it to very good time for them to drive ports on the border between european community and ukraine. for this moment, a lot will have to be done to rebuild ukraine and it could take decades. but the infrastructure is likely to be better than before. the war is far from over, but reconstruction efforts are already beginning. another consequence of the war, natural gas prices of sword across europe, but some countries are hit harder than others. just take grease, which uses gas to generate most of its electricity. despite government support, families are struggling to pay the cost of higher fuel bills. dimitris marie all his and his daughter vasily key like to play in the living room. it's the largest

room in their 55 square meter apartment in athens, but feigned the power bill has become a challenge. it will blew now. i used to fay 40 euro's suddenly, the price jumped to 95 euros. that's despite subsidies for private homes. the states spain almost 80 euro's of dimitris power bill. without that help, he'd have to pay almost 175 euros. the high electricity costs are forcing him to cut back on things like food, dimitris and his wife have a yearly income of around 23000 euros. yes. the reason for the exploding prices is simple. grease produces the majority of its power from gas. last year, off of that gas came from russia. now that's changed. around 2 thirds of greece's

liquefied natural gas comes from other sources. but the high price is evan budged. this is half cor, reese's largest company producing and processing copper products. it's one of many energy intensive companies in greece. after years of economic crisis, greece's industry has bounced back, despite the corona pandemic, but production costs of balloon 40 percent since the start of the year. i think, i think there are ranches, including many energy intensive industries that have already started to shut down somewhere. there is a lot of uncertainty their their survival chances are in good even with after the export increase that we've seen in the last few years. the energy crisis is a massive setback fussing exclusive years already. palindrome easy. grease is government had already started to shift to renewable energy sources before the gas crisis. and it's continuing to do so. but the government had planned to stop mining brown coal and now was just reactivating several cold power plants. it's also

paying $2000000000.00 euros in power subsidies each month. but it can food to bill for ever. and that's it. you're up to date with d. w. business, if you want more, as always you can check on our website, d, w dot com slash business, and also the detail be in use youtube channel with all of our business specials on there as well. for me and the business team here in berlin. thank you very much with a today should be total under let us tomorrow. oh, farming in the future. food entrepreneurs and farmers are experimenting with more sustainable meal content. but are their seeds taken root food

for everyone? close up. next, on the d. w. a pulse with the beginning of a story that moves us and takes us along for the ride. it's all about the perspective. culture information. this is either you news or d, w. made from mines. oh. she's up to date. don't miss our highlights. the d w program online. d w dot com highlights have been

done. i have been beaten. i have been sick, a straight did because we tried to to show dory of face mafia all over the world. environmentalists are in danger. be enemy, roofless, corporations, corrupt, govern agencies. and criminal hotels. targeted environmentalists in danger starts october 29th on d. w. fresh food galore in germany. we're used to supermarkets brimming with produce. but often it has come from far away. that makes our supply chains. vulnerable is a kind of the war and ukraine is revealing our limitations we can tell from the empty shelves what didn't come from germany was.