you're watching dw news from berlin, just remind her of the top story. we're following for you this hour. russia has again launch large scale missile attacks across the ukraine. explosions have brought a number of cities including the capital key authorities in levine, in the west sate. 90 percent. the city is left without electricity. that's all for me. don't forget you can always get all the latest news information anytime you want on our website. as d w dot com, i'm terry martin. thanks with the w looks back only during crisis mode. the corona virus pandemic, more keen crate. the climate crisis revolts any rod

and the united kingdom after breaks it, our top issues from 20 to one to the brought to you on all platforms by g w. ah, what people have to say matters to us. mm. that's why we listen to their stories. reporter every weekend on d w. ah, i've seen beardsley in berlin. here's a look at our top stories. wholesale gas prices in europe fall to pre war levels with oil prices also down. we'll look at what it all means for russian revenues. 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 the growing trend in india to rent items like clothing instead of outright purchasing them. book 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 spike in august, more than $300.00 euros as markets registered. a supply shock. that's when russia began curtailing pipeline deliveries. libya, colorado is the senior analyst energy aspect. 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, humans, competition from china, which have helped to 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 is coming back to market with change an easy over there. industrial demand could be coming back as well in europe. now the prices are a little bit lower. we can't rule out to cold spell in the winter, you know, in the next couple of months. and also you will need to balance. and next winter we

have a lot less russian 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 20 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 mention 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 exports 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 a pipeline, or ellen, g to asia. this protocol 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, an oil production has already fallen and buy quite a lot since the started the war. and we expected to fall even for there and in the coming months as it loses the european market in particular. and the problem is that once that production is shut in, 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 i

can night switch or i that's livia, galleria energy aspect. thank you very much. thank you. we talked about this falling gas prices, milder temperatures across europe as live 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 pay their flare is making a great delivery wave worse 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 gospel is, are on this and all try to suggest 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 boris palmer came up with the idea. he says, every kilowatt hour accounts has the singing season sister to let's why all of tubing in this dark between the hours of one and 4 in the morning. that saves us are on the same amount of energy of 4 person households. what use all year? emerged as are heard about him. 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. lankson to network and we worked 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, bob, life still? yes. they've reduced lighting to save energy. i like that. understand a yahoo! also called light bulbs have been replaced with modern low energy eli delights. 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 start 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. that one 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 were purchased from wedding gowns, to furniture. it's a movement that's with time could have environmental and economic consequences. looking for something, especially for address, she will only be reading once on her reading. but jew, he's not out shopping. she's visiting flu, 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. i'm 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 wear it or anybody else's reading. so, you know, might as well let it b, o circulate economy. immune has the world's largest population of millenniums like doing it is a demographic gutters increasingly drawn towards renting, rather than purchasing assets. young people in cities tend to be more, so should be financially and, and buy mentally of it. and they are embracing the flexibility in affordability of the rent a share to gone model, given that more than $1000000.00 tons of textiles are thrown away each ear environmental seed 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 is according to need of jane, founder of city funds. 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 apartments of which 80 percent are unfurnished. and that's an ideal 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 said for me, and the dw business team here in berlin will be back later with more headlines. the meantime, you can find us online, d, w dot com slash business. we're also on youtube or the deeds of the news channel. it's watching into the conflict. the conflict in ukraine is only one of the was vladimir putin is fighting hooton's. chief target in russia has been like say the bow me, my guess is weak in exile and london is one of the valleys associate levine. i

shook up the group is naming and shaming thousands of official supporting the ukraine. how far will that dent hooton's power conflict zone? in 60 minutes on d, w. these places in europe are smashing all the records. stepped into a bold adventure. it's the treasure map for modern globetrotters. discover some of you to record breaking sites on google back youtube and now also in book form. this is did other news asia today as we look back at the major stories of 2020, to be focus on the tom lauren in sri lanka and economic crisis triggered mosque demonstrations that ended up toppling the government deductible was on the ground and spoke to protest as about that experience.