and she loves old news reels of the fab 4 for inspiration. mm hm. and a quick reminder at the top story were falling for you today. august on some former prime minister in ron con has been shot in the leg at a political rally. his party says he's not seriously injured, mister khan was leading a protest march to the capital islam about to demand snap collections after being ousted and a no confidence vote earlier this year. you're wanting to the we news from berlin. after a short break, rob watts will be here with d w business and to look at the bank of england historic interest rate cut the graph with people in trucks injured when trying to see the city center more and more refugees are being turned away as the border families playing bomb attacks in syria to

these credit donors with people lean extreme around around 200 people around the world. more than 300000000 people are seeking refuge, a lawyer because no one should have to flee. make up your own mind to w. made for mines ah, ah, ah, but drawn out recession like never seen before. the bank of england has warned brits to expect their longest ever economic downturn as it follows the fed in hiking interest rates. niagara falls can be

a pretty noisy place normally because of the loud crashing of water, but the areas newfound fame as a crypto mining hub is also creating quite the racket and south career is proving one of the winners from europe shift away from russian gas as the u makes more c born l n g orders. the koreans are providing the ships. this is day to be a business on robots in berlin. welcome to the program. the bank of england has announced its biggest hike and u. k. interest rates in over 30 years, the central bank also warned brits to expect the longest recession on record as it increased rates from 2 and a quarter to 3 percent. bank of england, governor andrew bailey says the move is necessary because inflation is too high, expects inflation to fall back from the middle of next year. but further interest rate increases may be needed in the coming months, which is what he had to say. since december loan stobel,

inflation is the bedrock of a stable economy, a predictable economy in which people can go about their lives and planned for their futures, with confidence and economy are much harder. money keeps its value. if we do not act falsely, now, it will be worse later on. and as the 4 girls will permission to go shows is a tough road ahead. shop increase and energy prices caused by russia's invasion of your crimes might as poor as a nation. well, the made by the bank of england came less than a day after the u. s. federal reserve also announced $75.00 basis points increase and interest rates are the central banks are also expected to follow in its footsteps. although christine la, god, president of the european central bank, says they'll be setting their own pace. while we have to factor in such an element like the fed monetary policy decisions and other elements of international nature.

or that will help us determine the best monetary policy. we are not alike. and we cannot progress either at the same pace under the same diagnosis of our economy. but across the atlantic, the us trade deficit widened to more than $73000000000.00 in september. out of 5 straight months of decline, government data showed exports of food and energy slowed while in ports of semiconductors and consumer goods grew a stronger dollar made american products more expensive abroad and wait on exports . let's dig deeper into that with our financial corresponds in new york, yann's caught hands great to have you on the program. so it why the sudden change in direction for the u. s. s. it europe, and there is a lot going on a, when we're talking about the trade term. i mean, of 1st the sort of probably some are companies, some businesses,

you're in the united states or might have an order. they're good some times or to avoid them. any supply disruption rented now comes to the am holiday season. so that might have been a factor why importance have been em up. and if we talk good deficit, we're talking the ratio exports to import or import them have increased them in september. and then on the other side, if you look at exports, they have decreased. you already mentioned the strong a dollar, but also for example, or we saw a oil prices are declining a bit and for that that old saw a decrease or lord of the over all amount of exports. and from the united sex scenes was the feeling about this, where you are, is, is being seen. is there a bump in the road or is it the start of a new trend? oh well, i mean, overall it could be a new trend term for a 24 to 1000 credits of already rented to in general we will is still

a probably a reach a new, a record, a high, a trade deficit term here in the united states, even as you mentioned, we did see the deficit declining in the past couple of months and just overall, we might see a trade close or could a weaken of, i mean, we might get tougher times here in the united states also with inflation was high interest rates and for example, we also see a probably a weaker economic growth, some over see so, so in general, a trades are could a decrease a little bit? if you look at the month of december, the trade deficits increased by a pretty stunning, a 12 percent or so, i guess. even if the trade deficit it keeps growing. probably not that the same rate as we've seen in that months. okay, and since go to new york or is that, you know,

in the united states big coin mining farms are multiplying the countries now emerging as a global leader in the industry. but those who live near these farms say the noise from the fans used to cool down the crypto generators is proving a problem. the soothing roar of the niagara falls. it's a sound synonymous with nature and the outdoors. it's being disrupted by another roar of a bit coin farm, nearby residence of this small town on the border of new york and canada. say it's a nuisance. one that's disrupting their way of life. i get 4 hours of sleep me because of that noise is kind of like during the day, you know, when i'm outsider working it doesn't bother me because i'm doing something else. but at night it's a cheap hydro electric power from the falls makes it an attractive place for

companies looking to mine crypto currency. it's also what attracted big industry decades ago. but the noise generated by fans cooling the crypto mines is too much for local residents. communities are and are not wrong because of the fantastic style they make the sounds like a 747 john. the big coin farms here are owned by 2 separate companies, u. s. spit, coin, and block fusion city hall passed a statute dictating that mining bitcoin farms must shut down until they can reduce their noise levels. block fusion complied, but the u. s. bitcoin, mine is still up and running. niagara falls, mayor roberts stay know, is preparing to take additional legal action. and so right now we're working with our attorneys,

as well as with our residents to make sure that we have our documents in place. so that if they continue to refuse to comply with our order to, to stop that will have to be in court until that happens. residents hope their protests will be heard. let's take a look at some of the other global business stories making than is thousands of protests as have gathered in madrid. plaza my, your square to demand higher pay as prices rise. spain's onion inflation rate slow to 7.3 percent in october. after searching of a 10 percent in the summer, the main business association has ruled out pay hikes in line with inflation, but says it's open to more moderate increases. bosco's government is pilot, is launching a pilot program for a 4 day working week. companies and workers can volunteer for the new scheme which will begin next year. the countries labor minister says businesses and employees in the services sector have expressed the most interest and inflation in turkey hit an

a record last month, according to official figures. prices rose by more than 85 percent compared to october last year. but independent experts doubt the official data and estimate and inflation in turkey could be as much as a 185 percent of the shift from russian gas supplies in europe has to clear winners liquefied natural gas suppliers and south korea. the country is one of the biggest manufacturers of tanka ships worldwide, and increasing global demand for l. n. g. as in a flurry of new orders a day, woo shipyard in south korea. 500 kilometers south of the capital, sol. she builders are hard at work and they will be for the foreseeable future. day was one of the largest ship building companies in the world. here they are building ellen, g tankers. the demand for liquefied natural gas, or ellen g as a sword,

amid the were in ukraine as europe, 6 alternatives to russian energy supplies. there was orders also jumped bleckley didn't it, due to the russian sanctions. countries that supply ellen g such as to u. s. australia guitar are forced to choose ellen g carriers as a transportation replacement. as of result, the men for ellen g carriers as increased considerably and in other words, demand for ellen g as lead to the increase of the man for l n. g carriers probably the l n g tankers are complex, massive ships. that's because gas needs to be cooled down to minus $160.00 degrees celsius for transport. it takes about 2 and a half years to build one ship. any are there made today requires a long time to be fulfilled and it's costly. row materials such as steel also got more expensive. the industry association in sol aspects demand and prices to rise even higher. in the past years via the annual average was 40 to 50 either this year

the volume exceeds already 100. demand for l n g carriers right now is very high. also the price for velan g carriers was about $200000000.00 per ship around the end of last year, tanya, my currently prices are up to $240000000.00 per ship proving therapy to increasing costs as well. more than 80 percent of the ellen g tankers is sailing the oceans are produced by south korean firms and some of the shipyard. despite rising costs and the lack of workers, korean she builders are all profiting from the shift in the energy market. at least for now. to give me it is today's ellen g market may be temporary in the future hydrogen era, the she builder that wins d l n g market now will eventually become the winner again in the ear of green energy and energy conversion. in other words, now is when shipyards must make a lot of money. true, ellen g,

because the competition for future markets is already begun. orderly, daily killing. milton in the future ship years will also have to build the tankers that are more climate friendly. the international maritime organization as tightened rules, carbon emissions from ships must fall by almost a 3rd in the coming years. and by 2050. also, this sheeps will have to be carbon neutral. so for man of business, same handling football, you can head over to our website data we dot com slash business hours on the date that we use youtube channel as well. to next time the tech she's ukraine's 1st female train operator victoria coach. this has always been her dream job, but just a few years ago, getting it was unthinkable. discriminatory regulations prevented ukrainian women

from working in traditionally male professionals about the war has changed. everything focused on europe. next, on d. w is the end of the pandemic in site. we show what he could look like will return to normal. and we visit those who are finding it difficult to success in our weekly coping 19 special. in 60 minutes on d, w o t, please listen carefully. don't

know how to do a goal. ah, feel the magic discover the world around you. ah, subscriber to d w documentary on youtube. ah, this is focus on europe. i'm labriola. welcome. as the war in ukraine rages.