you're watching the w news, and here's a quick reminder of our top story at this hour. ukraine's prime minister says nearly half of the national power grid has been disabled by russia's latest wave of missile strikes. one in every 5 ukrainians is now without electricity. and you're up to date after the break kristy plants and will be here with d. w business. and they're looking at why workers are deserving the new hard core. twitter. i'm here until berlin, thanks for tuning in people and trucks injured one trying to flee the city center. more and more refugees are being turned away. order families. the reason for the credit on it is with extreme dreams.

getting 200 people with 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. ah, ah, ah. workers say no to a new hardcore twitter. hundreds of us employees quit the social platform after ellen musk offered 8 not so enticing ultimatum. also on the show, a leak to german report has some unkind words for china. berlin wants to reinvent

its relationship with its biggest trade partner. we'll hear from germany's biggest port about what that means for them. and a major drought in argentina hits the country's wheat fields and threatens to push global food prices up even higher. i'm christy plots number land back with more from d w business. even more twitter employee employees have left the social media company company that's shortly after new boss eli mosque gave them the choice between a extremely hard core work environment and leaving hundreds of workers express their intention to resign by mosques deadline of thursday evening. the company also decided to close the headquarters saying employ badge access would be disabled until the start of next week. some users have reported problems on the platform like excess spam and problems with 2 step verification and have speculated it's because of these missing workers. well let's bring it our financial correspondent, teddy auster in new york for more on this teddy. what does twitter losing all of

these workers mean for the company? well, chris, the, i don't know how online are audiences, but anyone who's been on twitter today has certainly seen a litany of early eulogies for the social media platform. really, we've been seeing the since you must took over the company at throwing it into uncertainty, even telling employees that bankruptcy may be on the table. and now what we're looking at today is a failed ultimatum from you on must to his employees 3 months severance or stick with the hard core, a new culture, a 70, or 80 hour weeks. now we're seeing reports that up to $1200.00 employees have left . this is after half of the twitter staff were already laid off. so this really could do some damage to the operations. and clearly, users have already noticed that some functions aren't functioning as well as they could. now tell me, i also want to ask you about developments with ticketmaster. the u. s. department

of justice is launching an investigation into take a mattress parent company that's according to a new york times report. according to the newspaper, the investigation will focus on whether live nation abused its power in the live music industry. now teddy people have been criticizing ticketmaster and live nation for a long time. now calling it a harmful monopoly. how significant do you think this investigation is or would be? well, it's incredibly important. we have seen some estimates that 70 percent of the primary ticketing sales are linked to live nation, which is pretty staggering figure and anti trust advocates have blamed this monopoly for such high ticket prices. it's incredibly hard to go to a concert these days. we've even seen bruce springsteen tickets going up to $5000.00 now with the taylor swift mishap that we've seen this is the problem with

monopolies as well, is we get bottlenecks and we saw such a case earlier this year right with baby formula when one factory fell, it made it really difficult to get a life necessity for some now the d o j may pace an uphill battle. this is, we've seen the d o j already lose 3 anti trust cases trying to block mergers, which has certainly been a pretty major blow to the bite administration that said representatives alexandria cause your cortez us, sen, amy, clover char, and other anti trust advocates. would welcome this investigation that was teddy austria in new york. thank you so much. now to look at some of the other global business stories making, there's today chinese liter. she jan paying has spoken at the opening of the annual meeting of apec countries and thailand. he said he was willing to pursue, quote, development opportunities with other asia pacific nations,

on the basis of mutual respect. members agreed on a joint statement, pledging to keep supply chains and markets open. germany's largest trade union has agreed to a new employer deal with wage heights totaling 8.5 percent over the next 2 years. the deal covers almost 4000000 workers in germany's key metal and electrical sectors and allows employers to avoid for the strike. the talks were closely watched in germany where inflation above 10 percent has eaten into workers real wages. chinese regulators have given the green light to a new video game from 10th, and the company's 1st approval in the past 18 months. penson was at the center of beijing's recent crackdown on tech companies when regulators urged closer scrubbing of quote, politically harmful content licenses are mandatory for video games sold in the chinese market. well, 1st,

russia's war and ukraine rocked the international. we'd market since both countries are important. green ex borders now a drought in argentina. another major we producer could push already high food prices even higher. a month before harvest time, the wheat, unclear 10 or laser last feel, usually stands half a meter tall and has a dark green tone. this time around the plants are half the height and have already gone. brown. argentina is the world 7th largest wheat exporter, but just as its needed more than ever to compensate for grains loss due to the war in ukraine. a trout cuts its harvest in half ingle got into your journey. i am 48 years old and this is the worst drought that i've seen in my entire life. we have seen precipitation levels decrease and decrease over the past 3 to 4 years. every year, a little less, we had to form all wheat with practically no water, maybe $57.00 or 8 millimeters of rain, not more. so when i sola says it's due to climate change. he fears the harvest

on his 80 hector's will come in at around a 3rd of usual levels. even though the scarcity will drive up weak prices that won't compensate for his losses. in one as iris resource analysts, sebastian olivera says that the drought in argentina will further destabilized global wheat markets. but he says it won't have a lasting effect as opposed to russia's war in ukraine. already our will a glare to through a contingency it will raise will a tell it in the market on your argentina as a player there? yes, but it's not as much a factor as the war in ukraine where 2 major wheat producers are sidelined by law argentina. as most in important producer for brazil, and now priscilla's looking for other suppliers, possibly canada the u. s. or even russia, and that will again drive up prices so seater. the reason for the drought global warming, every slower roacha co author off a book on the topic titled

a caliente or ultra hot like climate change is the biggest problem of our time. is as a much better than just let us imagine because of climate change, we're seeing more and longer lasting droughts and some don't understand what it does to our soil, but simply said if we get more droughts and scientists project that we will then by 2050 we will lose up to one percent of our gross domestic product. billy for now, argentina's prioritizing weed production for its own domestic market. exports will be reduced by that won't change the fact that in argentina and abroad, price, brit and other we've products will likely go up. beijing says a leaked paper on germany's new china strategy is a throwback to cold war times. earlier this week, german media had reported details on how berlin wants to deal with the country. it

calls a competitor and systemic rival. this new strategy would be a significant change to how germany has approached china. in the past. the report a draft shows that germany wants to take a new economic approach with china. one that focuses on curbing here, human rights abuses, and that includes keeping force labor out of supply chains. berlin also warns of lopsided investment. in recent years, china has been buying up companies and infrastructure abroad while blocking similar access within its own borders. and germany's chancellor has also condoned accepting higher costs if it means avoiding over alliance on one trade partner like china. earlier d, w spoke to axel mot, my tom marketing ceo at the port of hamburg. europe is europe's 3rd largest port and a major hub for chinese trade. this is what he had to say. i mean, we are, we, of course we have for more than 30 percent or one 3rd of all the car will be

handled in the port of hamburg is related to china coming from china, going to china, import and export. so, but not all the cargo which is been handled in the port of hamburg is being transported by chinese companies. so there are a lot of other ship owners and liner shipping companies which are transporting these cargo in these containers. so we are not relying on on costco, for example. so there is others like head back lawyer like m a c or c, m a c c m, which are deeply involved in transport of all the containers worldwide. it's an international business. it's international trade. so we are not dependent in this respect on one customer or for more on china's changing role on the world stage. i'd ask you to head over to you tube and check out this week's business special. we take a look at china's latest attempt to get a grip on its embattled real estate market. it's 0, call the policy and it's growing economic problems. george magnus from oxford

university, is china center tells me companies are looking outside of china. it's, it's prudent for companies to be able to, to now kind of look at other countries in asia and beyond for changing the supply chain sort of taking decades to, to build up. it won't happen quickly, but i'm pretty sure it is starting to happen. now that was george magnus from oxford university and what's on the horizon for the world's 2nd largest economy abuse topic of the week. that's on youtube, dot com slash dw news. and a reminder of the top business stories were following for you this hour. even more twitter employees have left the social media company that's shortly after new boss you on mosque gave them the choice between an extremely hard core work environment or leaving hundreds of workers express their intention to resign by muskets deadline of thursday evening. beijing says a leaked paper on germany's new china strategy is

a throwback to cold war. times the report a draft shows that berlin wants to take a new economic approach with china that focuses on curbing human rights abuses. berlin also warns that china is buying foreign companies, preventing foreigners from buying it's firms. that's all from me and the business team here in berlin for more head over to the w dot com slash business. you can also find us on youtube and on facebook until next time. take care. ah ah, to the point, strong opinions, clear positions, international perspective, russia has cooled forces out as the key ukrainian city of hassan states ramping up to missile attacks on critical energy infrastructure leading millions of ukrainians

without power after hassan. what russia strategic goals find out at 2.2 point oh d, w. in asian financial crisis. at the end of the 9, the global economy was on the verge of collapse. the same danger lose 10 years later . why does the global economy remain such a powder k international experts are looking for answers, the asian financial crisis and its aftermath. mm. in 45 minutes on d w. oh, we're all set to go beyond the obvious.

where 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, 5 police, my follow being paid deal we are here is actually on fire made for mines a fatal missile blast. and poland serves as a potent reminder that the ukraine conflict could easily escalate to draw in nato. despite recent developments in ukraine's favor amongst those developments, russia's decision to withdraw its forces from the key regional city of half sun ukrainian.