either if i had to choose from any reason the torre del mar will monitor a gun, but he's probably the only competent one star would actually trust with the nation's finances. but so not victory is walton historic. he is the 1st british prime minister of south asian origin. he's also the 1st hindu to become the country leader and the youngest. the yuki has seen in 200 years up next sunday, w in is it as business? so do you stay with us? if you can for that in the meantime, i'm sarah kelly and berlin. thank you so much for joining us. take care. please listen carefully.

don't know how with to the a girl. ah, feel the magic discover the world around you. subscribe to d w documentary on youtube. ah, it's be to day all deja vu was brittan picks. it's new p n. richey soon act will take up the roll on choose date, 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? german ukrainian business and political leaders meet to discuss rebuilding efforts . we'll see what support a country leaks and all of europe is struggling with energy prices, but it's heating some countries, honda, the most. we had to athens and see how greeks struggling to make ends meet. it's a time again dw business. welcome richie sumac and said 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. economists that 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 base, give you an currency based 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 starting to really react against 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 and markets directed well to that. obviously less trust 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 to political turmoil. they, they didn't welcome that as well as we. so what happened today? he dropped out the race and now we have brushes tonight and yes, the market 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. so it's very, very important measure. but looking at hedge tuesday 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 say 304050 years. and it was real issues that when, when the price of guilt was falling, it was calling, it couldn't be a number of issues that we don't see that again, of course. the 2nd issue i'd say is 2 fold. we are seeing a very high inflation re environment just like we are across the developed world just where double digit figures inflation, 10 point one percent. but at the same time, we've got a flowing 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 that am all right, while life suddenly got challenge ahead of him, let's see how he does daniel mahoney. thank you very much for talking to us about that. look across the pond to the united states now and a busy week ahead for stuck watches. joining us from a 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 the see is 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 going to 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 a guidance 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 look 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 ukraine's prime minister saying 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. these entitled, this decision sends

a signal to private investors. those who are now in 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. what's needed to restructure quickly and efficient ukraine and energetic system. and especially in the field of bits in charlie's ation of supply demand. because a target in this huge former soviet union and electricity to station it's very simple to shut down lash cities, for example, keel or the lever from 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 your crane. i would also noticed better housing, as long as we have different gods with between european community and ukrainian railway infrastructure. it is very good time for investors 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 marianna,

his and his daughter vasily key like to play in the living room. it's the largest rooming there. 55 square meter apartment in athens, but pain the power bill has become a challenge. it will blew. now. i used to fay 40 euro's suddenly, the price jump 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 grease is liquefied natural gas comes from all the sources. but the high price is evan budged, mrs. huff 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 the spider 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 from it. there is a lot of uncertainty their their survival. chances are in good even come with after the export increase that we've seen in the last few years. the energy crisis is a massive setback. fussing is to say yes 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 it's just reactivating several cold power plants. it's also pain, $2000000000.00 euros in power subsidies each month. but it can food to bill forever . 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, home slash business, and also the d. w. news, 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 it's autumn. time for the frankfurt book fair stories about the spanish politics by talented female authors. lyrical narrative

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