the annual sydney to ho bought your tray scott off to a fast start. on monday. the downwind condition or weather conditions have given the yields a big push. that means the 1st boat could cross the finish line as early as tuesday night raises considered to be one of the most difficult on the international calendar spanning more than a 1000 kilometers. first, sidney to hope i brace was sailed in 1945, and that's it. from me and then wednesday for now i have an update for you at the top of the i don't go waste. even busy is off next with the business world. sh her i'm you can that. i think that's hard and in the end is a me, you are not a lot of to you anymore. we will send you back her. are you familiar with this

smudges were lions of the what's your story. ready ready he wasn't, i was women, especially a victims of vine and seen a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not a guests. you want to become a citizen. in phil migrants, your platform for reliable information ah, i'm steven beardsley in berlin. here's a look at our top stories. pressure mounts on irans wobbling currency, the reale on going protests and the failure to get a nuclear deal are pushing it to record lows against the us dollar is officially

here, and that has germans closely watching gas reserves across the country. sounds a bit dull, but for many businesses, the stakes are actually quite high. also on our show, the german government dubbed them freedom energy at the beginning of this year. so why is the build out of renewables like solar and wind power? moving so slowly walking to the show, the iranian currency, the reale continued its record plunger over the weekend. pressure is building from 2 different sources, the ongoing protests against the regime and to runs, failure to make progress in nuclear talks with the west. the protests in which demonstrators, from all walks of life have called for the fall of iran's ruling theocracy, have thrown an already struggling economy. further into disarray, the reale lost more than 20 percent of its value. since the nationwide protest erupted more than 3 months ago. the effects are hitting ordinary families hard

love. i say the can on the condition has become to handle. it is had a very bad impact on people's lives. life has become so stressful. people's purchasing power has declined and conditions have become extremely difficult. and the pain is likely to deepen even within the government. there's discontent or tim, me to that no law that of the team within the government who decide on the economy of the country, the currency of the country and the future of the country are acting so ambiguously and provide wrong reports on these issues. but he runs economy minister, is putting the matter in the hands of a higher power in shallow what had obedient, my god willing with the decisions to be made by the central bank. the stability will come to the currency market in the upcoming weeks or months line. the german government on friday suspended programs designed to foster business with iran. the

move will affect export credits and investment guarantees, as well as germany's manager training and fair trade programs in the country that will affect trade between the 2 countries worth more than one and 3 quarter 1000000000 euros. let's look, let's look now some the other global business stories making headlines. tesla has, has been a production at its shanghai factory for this week. the car, me car maker announcing the decision weeks ago without providing a reason. the closure comes as the number of coven 19 infections increases rapidly across shanghai. tesla is also dealing with higher than usual inventory, even offering rebates rebates. rather on some models. u. s. government has wanted a $1000000000.00 contract to lockheed martin to produce parts and components for f $35.00 fighter jets. earlier this month, the company received the contract for over $430000000.00 to deliver

a new high mobility artillery rocket system. a weapon system that the u. s. has sent to ukraine. massive strikes have disrupted ends of the year travel in the u. k . and france rail workers in both countries of walked out to support their demand for higher wages. in the u. k. airport workers were already bogging down travel times by striking more public sector employees have been walking off the job in recent days. well, if you turn on, the local news here in germany are likely to seat reports on gas reserve levels. that is the combined amount of gas held in various underground reserves around the nation compared to their capacity. it's not especially riveting coverage, but for many businesses it's a vast importance. should gas levels fall to fast say after especially cold temperatures, their gas could then be turned off as a rationing measure. and some firms don't have alternatives. germany, gas storage facilities never attracted much attention before. now they're at the

center of public debate and for good reason, the countries energy security depends on them this winter. for german business has like this break factory in bavaria production is dictated by the levels of germany, gas reserves. that's a major thing or we, we check that almost every day and where, where it's, it's how we run our business. you know, we need it without gas. the ovens here stay cold. the gas goes through the yellow line right through here into the oven. and then the heat inside the brakes. you can see the fire, it fires the brakes. so the brake burn, full reserves and sure steady brick production, even during the winter months when germany imports less gas than it uses

just a few kilometers from the brake factory and via foss, back lies. germany's deepest gas storage facility. it's a porous rock gas storage. what's above ground is just the tip, the most important part, life 3000 meters below their the gas stored and porous rock. that's millions of years old. it soaks up the gas like a sponge and permeable rocks and water around it. act like a natural barrier and prevent leaks. the gas levels are closely monitored at all times to more to can talk soon. linda, today we're at 99.2 percent. it takes about $150.00 days to fill or empty the storage facility in. this way, the voice aspect gas storage could supply up to 300000 households with gas for one year. most of the time we come the uneasy question in the back of my

mind is, what if we have a really cold winter? because if it's really cold, we'll have problems even when the resource full that could see flames go out and factories close despite germany state of the art storage facilities. and he launched on joins me from the political risk consultancy eurasia group. he's director there for energy, climate and resources heading. welcome to the show. um, should germans be optimistic or pessimistic when they look at the way gas supply is shaping up this winter? i think germany can look fairly optimistically into the, into the early saw to 2023 for sure. gas consumption just before christmas was really high because it was really cold in demand this week after christmas. but before new year's eve will be really low because industrial gas consumption will go down because everyone's on all day. and the latest weather forecast is for relatively mild weather for the next couple weeks. and gas emitters are still about

86 percent full. so we should be right, we've often heard that next winter will be even harder to share that opinion. and why is that? if that's the case, that depends actually a little bit on the rest of this winter because if it the flips to be really cold of the next couple weeks and then stays cold for the remainder of this winter, then gas amenities will have been depleted quite far and that will mean that germany, it's utilities must spend most of next year refilling the inventories again without any russian gas, probably a. so that could be a problem. but so far we estimate now that even if it turns quite cold again, that germany also should be right. next winter, government is, will be, will be refilled. the energy liquefied ship gas is now coming to germany unless supply has been secured. but it's going to be expensive and that is going to be a problem for next year because energy prices will remain pretty high. and there has been this looming threat of rationing, at least for maybe late winter or late fall i should say that sort of gone away so

far. at the same time. have we seen that people have been responding to the threat that they've been saving, especially businesses and households? what have we seen there? have there been attempts to really pull back happening? quite impressive, a tennis year and i think that deserves mention. and so household definitely try to reduce consumption until it got really cold, because if it gets cold, you need to heat a matter of life. but households have reduced consumption versus then levels. and so have industry, most companies that we work with and that we talked to have made really active plans to reduce the consumption immediately and buy as much as possible without reducing the industrial output i was in session. so this is one of the major successes in probably avoiding rationing this winter. it's reduction consumption by industry and households. we saw a story there before we came to you about a brick maker dependent upon gas should rationing take place and we can't say to what extent it would take place. but how devastating would that be to

a largely industrial economy here in germany? so this is a risk because especially small to mid sized companies that have less space to save money, they're less of a cash cushion, and they can't just sit down for a few weeks if their family owned it. this is, this is your life. and that is a risk and of course, energy intensive businesses. like you mentioned, brick makers, glass makers, cement make is this is, this is an issue. this is a problem. arresting would be a problem, would force them to shut down. but the bigger problem is probably for several years of high prices that are going to hurt them. and that will probably require some further government support next year. all right, i'm sending launched on from the raise your group. thank you very much. and you were speaking of energy in germany, the build out of renewables is moving slowly, despite a new push prompted by the war in ukraine and the countries dependence on gas. and whether it's rising cost or germany is often tenacious bureaucracy. almost everyone

involved from network operators to business owners and communities, believe things could move faster. germany is not known for its sunshine, and yet here, near berlin and whose solar park is being built. the approval process for the park took just 6 months. but this, that a precedent for renewable energy products. that's other of the fact is that there is still a great deal of leeway to delay. individual approval procedures are gonna be gone for farm off to higher than rules for cultural heritage protection. no one possibility when you go from aka, oh boy, if there is a hill somewhere in a field which no layman would even recognize as a monument, this means that in the end there cannot be renewable development in a radius of several kilometer surrounded. i see that as nothing more than prevention politics and not very forward thinking or is that my friend on politic or, and or mission off on gether. and what about wind power? germany is most important renewable energy source. this year, wind turbines,

with an output of around 2200 megawatts, were commissioned enough to supply around 2000000 households with electricity in nice navient, next year, 12000 megawatts will be put out to tender. that's the enormity of the task. the administration is going to have to shift up the gear, but as albert's tempo, germany's electricity grid is expanding their snail's pace. and this is holding up the energy transition. the government has simplified many things, but there are often problems when it comes to implementation. the math, none perfectly regular clothes until the measures actually take effect. we assume that at least as far as large solar parmesan and large wind farms are concerned. harkins would have been it will take at least 3 to 4 years until they actually have an effect. her with of beth's or pathetic looking at yet. the solo park near

berlin is to start supplying electricity next year with an output of 20 megawatts. germany is picking up the pace in the energy transition, but needs to find a 2nd gear. here's a reminder of our top business story, ongoing protests against iran's hard line regime continue to take a toll on the economy. the reale is plunging to record lows, putting mounting pressure on households and businesses. so for me, in the business team, thanks for watching. ah oh india ah, how to rescue food and fall of india's huge wasted to palm start up in new delhi has the full and it turns ta strode into animal feed from 50 city.

the project is finding consensus and not just among the counter. pico india next on dw. ah, what people have to say matters to us or mm. that's why we listen to their stories. reporter every weekend on d. w. ah, with from the gardens of ancient to mister port jameel, to the fields of modern day industrial fobs. we'd been produced.