netanyahu's do is still on trial for alleged corruption. russia pass again, launch large scale missile attacks on several regions of class. ukraine. explosions have been heard in a number of cities including the capitol. keith were at least 3 people were reportedly injured. authorities in levine, in the west of the country say that 90 percent of the city was left without electricity after the latest missiles trucks. that's all from me for now. don't forget there's more to be found in our breaking news app and on social media. a mike the local in berlin. thanks for watching the deb ah ah, the question of the questions about life,

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consumers are still feeling the pinch of higher energy bills. that's forcing more businesses in particular, to look for ways to say also on our show, we look at a growing trend in india to rent items like clothing instead of al, right, purchasing them. but the show european natural gas prices have fallen for the 1st time below their values before the war and ukraine to enlarge part to lower demands and improved gas, electricity supply. in the near term, the price for a month ahead contract that europe's large largest exchange in amsterdam was trading around 83 years per megawatt hour on thursday. prices spiked in august, more than $300.00 euros as markets registered a supply shock. that's when russia began curtailing pipeline deliveries. libya. colorado is a senior analyst at energy aspects. she joins me for more from london. livia, welcome to the show. i wanna start with gas prices. what does this mean for households and businesses in europe?

is the gas prices in germany, for example, now ending or is an end in sight? thanks for having me. so you can gas prices have indeed fallen sharply over the last couple of months. thanks to what i would say, a lucky combination of factors for europe, including unseasonably, mild weather damage competition from china, which has helped your bill stocks and therefore have direct price is lower. however, this does not mean we should get complacent. here to be honest, there are still a lot of factors that could lead to type markets next winter in particular. and that might mean right, prices rise back up again. for example, china's coming back to market with ration easing over there in industrial demand, could be coming back as well in europe. now the prices are a little bit lower. we tend to allow to cold spell in the winter, you know, in the next couple of months. and also you will need to balance next winter. we've

a lot less rush and gas in every did before. so all of this could mean we're still facing a very hard situation. and even in the longer term, we also need to consider what high prices will do to do. you can industry, which is something that will have to continue to face for many years to come or ask you about another commodity oil vladimir putin announcing this week. the russian will end oil cells to bars who observe the price cap put in place by the g 7 and observed by some nations like australia. not exactly a surprise, but what if anything, does that mean for the countries oil revenues, will it suffer significantly because of this, or is it just sort of moot prices are indeed lower but you know, by historical standards they are not extremely low. and with, for example, the price that has been agreed by the g $7.00 that you mentioned at $60.00 per

barrel. that's just below what russian government budget had been set for around $70.00 or 2023. so we're not very far from this level. so i would say overall price is at the moment for russia are not that big of a concern. i think the biggest factor to consider at the moment is how much oil and gas is russia able to sell and to export, and therefore, how that is impacting overall revenues. if you consider, for example, the european embargo on russian oil with russia has lost its biggest market for oil . and we and many other analysts don't think the russian will be able to shift all the oil that he used to import to europe to asia. for example, and that means losses in experts and production and therefore revenues. and it's the same situation with gas, if anything, even more so, because on the gas side you actually have some significant infrastructure constraints that mean that russia cannot divert as much gas that is used to export

to europe as the pipeline or, and she to asia this price kept was based on the concept on the idea, the supposition, i suppose, that russia would not cease production or slow down production that it cannot afford to do that. is that true that essentially has to continue producing at the same level? and then essentially find ways to divert it across the global economy. we are not seen that happening. in fact, russian gas and oil production has already fallen and buy quite a lot since the started war. and we expected to fall even for there are in the coming months as he loses the european market in particular. and the problem is that once that production is shut in and it's very difficult for russia to get it back because of the nature of its oil reserves which are highly depleted old oil

fields that cannot be switched on and off and like lights which are either livia, colorado add energy aspect, thank you very much. thank you. we talked about those falling gas prices, moder temperatures across europe, as we've, you mentioned have help reduce demand. but energy saving measures also appear to be playing a role in germany. for example, more businesses and regional governments are taking steps to keep their energy use down even if it means keeping the lights off. master baker peter flare is making a great delivery. white horse drawn carriage, it's acquaint picture, but also a sign of desperate times energy prices are up 65 percent compared to last year. slayer is doing his part to get some attention and make people aware of his troubles. it is a gaz, please, or when there's an all traces the guess crisis and electricity crisis or raw materials have gone up in price to and now there's also

a lack of trained personnel. i'd say we're going through some very hard times at the moment. country me type moment on saving energy is key here in the southern german city of tubing and home to 90000 people. street lights are turned off at night. the city's mayor bullies po, mark him up with the idea. he says, every kilowatt hour accounts has the singing sequences to, to let's why all of tubing in his dark between the hours of one and 4 in the morning. that saves us around the same amount of energy, of 4 person households. what use all year been reduced or heard about on some streets the city has installed lamps equipped with motion detectors. the l. a. d lights, they dim until someone walks by and triggers the sensor for them to become brighter . that uses 90 percent less energy than regular lights applying to network and we works pretty well. it's dimmed light and when you walk by,

it brightens real quick. another idea is taking hold in logistics. large facilities are being equipped with ceiling fans. warm air rises and huge fans flow it down to where it's really needed. helping save 20 percent of heating costs. retailers are also adapting at this small in hamburg. 40 percent of lights have been turned off. yes, robin life still. yes. they've reduced lighting to save energy. i liked that. under fin, yahoo! also vault light bulbs have been replaced with modern low energy l. a. d lights. and while that may have cost $100000.00 euros, the investment is expected to pay for itself within months. despite the more cutting down, opening hours to in an effort to save energy for gather from stock by the government has asked for energy savings of 15 percent with exceeded that goal.

the government has also promised financial aid to help businesses survive the energy crisis. master baker slayer is hoping the funds will be paid out soon and out of some of the other global business stories making headlines. the german federation of trade unions has worn that job losses could climb next year due to high energy prices. the warrant companies could face insolvency and that germany's industrial base itself was under threat. the organization demanded subsidized electricity prices for companies. oil major exxon is suing the european union in an attempt to force brussels to drop its windfall tax against oil companies. the tax is supposed to raise 25000000000 euros to help reduce energy bills across the block . however, exxon believes the e u doesn't have the authority to introduce such attacks. immigration officers of british airports including london, heathrow,

and gatwick are continuing their strikes, their demanding improved working conditions and higher wages to help offset rising prices. strikes are expected to last until new year's eve, military personnel were originally brought in to cover some of those gaps over the indian. now, where a trends appears to be gathering steam, more younger households are renting items. they once would have purchased from wedding gowns, to furniture. it's a movement that's with time could have environmental and economic consequences. ah, looking for something especially for a dress, she will only be reading once on her reading. but jew, he's not out shopping. she's visiting flu, a clothing rent. it is an outlet that gives you the option to rent clothes for a one off occasion. and for half the price of buying outfit ah, being conscious about what we buy, where we spend on money, and is it really worth it for that time period?

when you know you're actually going to be wearing it and then you don't need them after that, you're never going to add it to anybody else's reading. so, you know, might as well let it be. oh, so kinetic on india has the world's largest population of millenniums, like dewey. it is a demographic gutters, increasingly drawn towards renting, rather than purchasing assets. young people in cities tend to be more social financially and, and buy mentally of it. and they are embracing the flexibility in affordability of the rent or shared economy. morgan, given that more than 1000000 tons of textiles are thrown away each ear environmental, see it as a positive trend. now the one way to reduce that is to reduce consumption of materials. now, rental economy provides that opportunity. if the same product was the market is trying to sell to, everyone can be sold to many people and everyone can fulfill their need.

then you know, they are proportionately reduced environmental impact. alongside gloating rental furniture is the other segment, spearheading the shared economy in india. the domestic market for rented furniture is what around 800000000 euros. furniture rental in india has grown 5 times in the last 3 years. according to need of jane, founder of city furnace. he collected data on rental apartments. more than 80 percent of apartments in india are either semi furnished or unfurnished. i have a new tenant is moving into a rental apartment is majority. chances are that he'll be moving into an furnished place. so all those are i do target segment for our furniture rental. so that's how we arrived at this number there. there 9 group people living in the metro rental department of which 80 percent are unfurnished. and that's an idle market for a furniture entry. when it comes to wooden and metal furniture,

it usually gets used for a longer period of time. but it's still around $3000000.00 tons of furniture waste and up in india's landfills every year. together with growing current of renting, instead of buying, it is an important step towards maintaining a more environmentally conscious consumer behavior. in india. that's it for me and the dw business team here in berlin. we'll be back later with more headlines . the meantime, you can find us online. the ww dot com slash business were also on youtube, under the deed of the news channel, watching a, how to rescue food and solve india's huge wasted problem. start up in new delhi has the solution. it turns tossed out food into animal feed from the city.

the project is finding consensus and not just among the counter. pico india next on d w. sometimes books are more exciting than real life. raring to read. ah. what if there's no escape? do w literature list laundry, german ma street. mm hm. ah. with from the gardens of ancient to mister port jameel to the fields of modern day industrial fops.