by israeli army gunfire, then during the not the new years, then a decade before i mean of on a, on, based on the year. so we're going to have to wait and see this what it was, how this plays out settlements can problematize in relation united states. definitely i would say, and they need the us support right now, you know, a fishman historian and writer. thank you. all right, well that's all for me for now. coming up. next is the latest business news with my colleague daniel winter and don't forget and you can stay up to date. no. the davis news on our website dw dot com, see a very soon take care ah, that he wants to know, what makes the agenda? he just in the gym. love on banning thing away from that, but i'm not going to have to was my own car. and everyone with later holes in every single day getting are you ready to meet the german and join me,

rachel stewart and d w. thank i miss evelyn sharma. welcome to my podcast, love matter. that i and by the lever teeth influences and experts to talk about all playing love back from day to day. nothing left of all these things and more in the new season of the plot can make sure to tune and wherever you get your pot path and join the conversation because you know it love matters. ah ah, european gas prices fall to their lowest since the start of the war, and ukraine does this point to an easing of price pressure all will there be was to come in 2023. also coming up here, opinions are still feeling the pinch of higher bills that's forcing more businesses to save energy and some rather innovative ways. and fireworks are back in germany

after a 2 year ban on their sale to to cope it. it's that time again, dw business, welcome. wholesale prices for natural gas have dropped back to the level that they were at before russia begun. it's inflation of ukraine. prices for january contract briefly, hit just over 76 years a megawatt hour before rising again slightly. that's a massive drop from the 300 euros in the summer. when russia started throttling supply to europe. we lost energy analyst, olivia kinda ratty, why the price is dropped and whether it will stay that way. so you can gas prices have indeed fall in sharply over the last couple of months. thanks to what i would say. a lucky combination of factors for europe, including season, believe mild weather. humans, competition from china, which have helped your bill to stocks and therefore have drunk. the price is lower, however, 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 the market with the quotes, trace an easy over there. industrial demand could be coming back as well in europe . now the prices are a little bit lower. we can throw out a cold spell in the winter, you know, in the next couple of months. and hopefully you will need to balance next winter. we've a lot less russia gaston than ever did before. so all of these 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 levia karate. they're explaining that those falling prices are thanks in part to mild temperatures. but let's touch on another factor that you mentioned industrial

demand in europe, companies and local governments here have been taking steps to reduce their energy use. and it's part of the success of those measures so far that's help to tamp down on gas prices. masturbation peter slayer is making a great delivery by 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. is a gaz, please are on this and 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 boris palmer came up with the idea. he says, every kilowatt hour accounts has the signal to transistor to let's why all of tubing in this dark between the hours of one and 4 in the morning. that saves us around the same amount of energy of 4 person households would use all year been reduced. as i 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 retailer. so also adapting at this small in hamburg, 40 percent of lights have been turned off entirely. as for the rest, only low in the g l. a. d. lights are used for garbage 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. now to some of the other global business stories making news. the german federation of trade unions as warned that job losses will climb next year. if energy prices rise once again as expected. they say companies could face insolvency that germany is industrial base itself is under threat. the organization demanded subsidized electricity prices for companies. immigration officers of british airports including london, heathrow, and gatwick are continuing their strikes that demanding improved working conditions and higher wages to offset rising prices. strikes of better expected to last until new year's eve. now let's get an update on a story from earlier in the week. southwest airlines struggling to return to normal operations after

a severe winter storm in the north east and us leaving most of its passengers stranded for days. gens quarter has more for us from new york on this and yet southwest is finally about to get back to normal. is that right? what are they saying? yeah, daniel, there seems to be a progress. so we still had about to 2300 to cancellation from here on thursday, but for friday and the last time i checked, they were only about 39 cancellation. so m southware seems to be back in action. it still might take a little bit of time to bring the stranded passengers sent their luggage shirt together. there also will be a reimbursement. that's what the company announced. those will probably be in the hundreds of millions of a dollar. so but things are, are getting back to normal and also the stock price that got am hammered quite a bit to the past couple of trading session and saw a solid increase of almost 4 percent here. the 3rd this session. and how can all of

this happen? there's got to be a lot of self reflection at southwest now, i guess because the other airlines managed to stabilize pretty quickly after that storm. yeah, there will definitely be some self for reflection. daniel and i did hear from some analysts that one of the issues with southwest is that if they take a lot of time to change things. so one analyst is saying it's a glacial speed. a southwest is serb showing when it comes to really changing the business. in general, it is well known for years that southwest has to upgrade it. system is a very sophisticated m system to get the crews and the plains together. if things run mostly, that system has proven to be a pretty effective firm. also, the stock price of the past couple of years has done much better than from some of the rivals was under stress. the systems obviously do not really work and that's

where south west has to make changes, but that's going to take time as i said, okay, lots of time for self reflection for southwest i thank you very much ins, quarter in new york. and from the air to the sea for shipping companies going green takes a lot more than just switching to more efficient fuels. entire life cycle of a vessel has to be taken into account, sending off ships to scrap yards in south asia was long the norm. but now ship recycling is becoming a big business here in europe to these gigantic gable layers could tell a yarn or 2 about their journey is on the high seas. but this is where it all ends . their last wage brought them to the small town of corina under danish coast. the finest ship recycling company is now scrapping them that's a business often associated with lower wage, right? the price to get rid of your waste or hazardous waste that that's one of the higher costs. but what we do different from

a lot of other places we are good at re selling and reusing. and not just recycling or scrapping. it all started here over 30 years ago with the fishing boat. at that time there were bonuses for scrapping large fleets. the founder of the company was a fisherman. he thought instead of paying money for somebody to scrap it, we'll do it ourselves and sell the equipment. so it started by their own ship and to be able to sell their equipment on board. selling parts of small fishing boats doesn't work anymore. coastal fishermen have largely disappeared in northern europe, but more and more shipping companies and ship masters are recognizing the benefits of old, fully intact parts, even for giant vessels. especially now in times of skyrocketing raw material prices and major supply chain issues. after all, just one missing part can cripple a ship. so today today our business is mostly spare parts,

so instead of selling only complete endurance, it's a lot of small parts. it can be everything from old compass to turbocharged years or cylinder heads for moralist. all european engines, even though denmark is a country with high salaries, scrapping and recycling vessels appears to be a viable business for years to come. and finally, after a 2 year pandemic hiatus germany is once again allowing the sale of fireworks. it's a new year's tradition that's sure to go off with a bang this weekend. get them while they're hot. fireworks are once again for sale in germany in the run up to new years eve. this year that means december 29th to the 31st. germans from the country side to the cities will ring in the new year

with typically a lot of sparkle and a lot of noise. you're missing. we haven't been able to set off fireworks for 2 years. it's a must this year. little fun. we can do it again, so we thought of course we're going to the moment of overshoot. amazon with pre orders. we've spent about 200 euros, so yeah, we'll enjoy it. the v. p. i pyrotechnics industry association is expecting a $120000000.00 euros and fireworks sales this year. manufacturers hope for rocketing sales. many watched previous years, inventories get dusty in the face of bands. government system, yes, we lost more than 40 percent of our workforce even closed our largest plant in germany with our in house production. despite that, we are hopeful about the end of the year hoffman's fall off to see i was. and while mary makers are excited to light up this weekend, both hospitals and environmentalists are worried about smoke and localize to pollution, of course, but also about the medical risk to amateurs handling explosives on german streets.

well, that's awesome. going out with a bang and you're up to date with d. w business. if you want more. of course you can check us out a d, w dot com slash business. we also have a youtube channel that's d w. news. got lots of business news on that. to me on the business team here in berlin, thanks for watching is the end of the pandemic in site. we show what it could look like will return to normal. and we visit those who are finding it difficult with successes on amazon. you know, we're weekly coping 19 special next on d w. our games on the melting ice

a reporter tracks down the arctics. major players membership. russia. is it quite a calamity? theoretically? if you see something that looked like they responded, has to do with the military arctic blue improvement on did lou ah, we've got to understand that globalization works, but it is not reach more than 30 percent of the world population. very simple. that facility that is very convenient for the chinese. after all, the port will be full, very exclusive, but i am the mediterranean as become a kind of great sarcophagus. if anything he was proud of, it was to be

a steal worker, like his grandparents and his parents. this is his business, the company of all that lives. who are the winners and losers? globalization, where do we stand? starts january 5th on d, w. o, o. do you remember how it all started with a corona virus? there were rumors, speculation and a lot of fear. the whole world yearned for concrete information. that's why dw started the coven 19 special back in march 2020.