o, the 2000 dancers once the night away at the flower ball in vienna's city hall, when hundreds of balls hosting the austrian capital each season. the fireball showcases eye catching. floral arrangements, organizers say balls season is making a roaring come back after its enforced absence. your news update at this hour it coming up a fresh work break. you can catch that. this is heather, thanks for watching a question about the life, the universe and everything with the answer. well man, give it here. the answer to almost

everything. our documentary series with lever raising ground breaking on a student community college the after life. so are we getting dumber and dumb her? how can we feed everyone? questions for the present a future ap heads filled with ideas. so get really for the brain update. 40 to the answer to almost everything starts january 15th on d, w ah, tesla slash as its prices. i get a sign of desperation or the 1st attack in an e. b price war will go to wall street. also coming up, consumer is consumer prices and argentina. jumped 95 percent in a year with stable foods becoming ever more expensive. we'll good how argentines

are making ends meet. and while a green future could rely on batteries made from where earth's the batteries themselves, post environmental problems of their own. we'll take a look at one possible solution. hello and welcome back to the w business. i'm christy plaza with you from berlin. electric car maker tesla has dominated the electric vehicle market for several, several years. but rivals around the globe have been catching up and now teslas flashing its prices in the us in europe, tesla's cutting prices on some models up to 20 percent. the company recently lowered prices and china and japan due to sales problems as well. well, for more on this, let's bring and teddy austro, he's at the new york stock exchange for us now. teddy, hi, this is the 2nd price cut for testers. lower price models in 3 months. what did investors make of the news of this latest cut? well, chris, the investors aren't particularly happy. we saw the stock go down a little bit. however, investors haven't been particularly happy with tesla for the past several months.

they are distrusting of tesla to really keep its market share of the e v. market to compete with all of these e v companies that are now springing up. but you know, it turned back to clock about a year and we are looking at fat profit margins. we are looking at a happy wall street. and now in 2022. what we are seeing is with the rising rates, with tesla, simply not meeting its sales targets, as well as the chaotic take over of twitter by you on must, which made investors fearful that he would divert his attention from tesla. what we're seeing now is investors, well, it's not a great start to the year for tesla to say it shortly. okay, so what i'm hearing is that just the market malays is also at play here. i mean, but you're talking about other competition in the electric vehicle market. give me some conduct here. what's going on in that space? well, we are looking at a pretty different e v market than even just

a year ago. simply, there are more e views on the road. we saw sales jump by about 2 3rd. so it's a pretty huge jump in the market. and of course there is now more of a diversity of e v. 's on the road. tesla, of course, had 72 percent of sales on the market in 2021. now that is down to 65 percent. that got being filled by ford be filled by honda. so consumers are buying their e v 's and they are getting a booth right from the inflation reduction act which was passed last year. and that gave tax credits to the manufacturers if they meet certain guidelines for their e. v. 's. ok, well some people are saying that the price cut is a sign of desperation. that tesla can't get the stock to move. others are saying it's sort of a genius, strategic move to start a price for with these legacy automakers. i mean, do you think the prescott is likely to turn demand for testers around well,

test, the demand for tesla isn't going to go down any time soon. tesla is a major players still, and the manufacturers, other ones still have to catch up. and of course, this cut in prices probably will stoke more demand. that is because these prices have put the vehicles more of their vehicles into the threshold to get those tax credits. i was just talking about from the inflation reduction act. and that going to be up to $7500.00. so consumers are certainly gonna be looking towards the vehicles that will qualify for those tax credit to you. and mosque of course, was complaining about these guidelines. prior, i'm saying it's exclusive of test flows and other vehicle manufacturers, but the demand for test was, is down compared to years prior. and yes, we'll have to see whether these price cars actually are going to sure that demand. well that bonus certainly does sound attractive, petty auster, thanks so much for that. well, here in europe,

inflation around 10 percent has had people very hard. meanwhile, in argentina, consumer price growth hit nearly 95 percent in 2022. that's the highest annual figure in more than 30 years. so according to the countries statistics institute, now, prices for daily staples, in particular rows last year, while salaries have not kept pace with inflation. runaway price hikes for groceries or eating away at the purchasing power of argentines. cooking oil shot up more than 450 per cent. last year. the price for milk more than tripled. the cost of living and argentina's out of control. despite the implementation of multiple price control schemes that the government set up in conjunction with supermarket chains and suppliers, what reality i'm effort in my daily life. inflation affects me. i suppose, like all argentines in all aspects. i mean, you have no security, you can't plan,

you can't predict anything into the future. we effect i, aliya inflation affects me too. especially with food i c, k, m. and so unfortunately, i have to adapt and use all the promotions and coupons that they are offering us. and also fun of her kinda argentina has been grappling with an economic crisis for years. there are many causes of inflation, including a persistent budget deficit and external factors like the warn ukraine that has affected energy and grain prices. that's why latin america's 3rd largest economy now has one of the highest inflation rates in the world. and since incomes and pensions do not keep up with rising prices, almost 40 percent of argentines live in poverty. now. all g 7 countries in december agreed to allow russian oil imports on to the world market only at a maximum price of $60.00 per barrel. that move was meant to put pressure on moscow

over its war in ukraine, as well as stabilize the global pro global oil price. now, just over a month later, progress on both fronts seems to have been made since europe stopped importing russian tank or oil, it's price has plummeted, especially for crude oil that was destined for the european market. this is causing heavy losses in revenue from commodities that are important to the russian treasury . according to a new analysis by a finish energy think tank, it's costing russian estimated $160000000.00 euros per day. if additional measures are taken before february 5th. the economic damage is expected to rise to 280000000 euro a day. the import band and price cap lead to a 32 percent drop in russian oil revenue in december. we can actually say that this is very close to what the original gauze off these measures for now what we don't know is exactly which measure is causing which effect. so we have on the one hand,

the you, which stopped importing most of russian oil in early december. so this is basically russia losing a big market. and on the other hand, we have a shipping band which makes it very hard for russia to send or to other markets. and both together are sort of causing russia to, to habits or at, to, to have to sound. it's are a very cheap. now. russia's trying to sell its oil to other regions like india, but that can only be done at deep discounts. now to some of the other global business stories making this in an unusual move, apple. c o tim cook is taking a voluntary pay cut of more than 40 percent this year. he said it was in response to shareholder feedback, but fear not, he won't suffer too much. despite the caught cook's compensation for 2023 will still be $49000000.00 and probably more once bonuses and stock rewards kickin.

bosnia herzegovina is the latest country to hop on the electric vehicle bandwagon. it's locally produced, its 1st e v, which has a solar power panel on its roof and can cover 100 kilometers with one charge. it can also carry a load of up to $300.00 coca cola killer cluster keel, sorry. rare earth are an essential component of many green technologies, especially batteries used in electric cars and for storing excess when power. but mining rare earth is destructive in its own right. and a battery company in germany thinks they found a way to make do without them. traditionally, lodge batteries contain lithium or cobalt. extracting these materials is tough on the environment. here in the southern german province of franconia, a new organic battery system is set to revolutionize how we store sustainably generated electricity. cl, blues, organic, solid flow battery doesn't use re earths. once the battery buffet, our organic solid flow battery is based on fully recyclable,

organic materials that are available all over the world. these plastics are all recyclable and also biodegradable you about. it was pete. a gaggle is idea to come up with a groundbreaking new way of storing electricity. the medical doctor founded see him blue with a seed capital of 80000000 euros. to help with that of hurdles, i became very interested in how nature generates transports and stores energy and human cells. it's a fascinating field, especially when you consider that nature uses only organic molecules to store energy and doesn't use any metals or even gardens. mackarath. the company hopes a pilot project in mid 2023 will prove the new technology works on a large scale in practice. the plan is to produce the large scale green battery in significant numbers, 1st in germany, and then in the usa in 2024. within a gun class,

obviously we have to follow the markets. you have to go where the technology is in demand on a large scale. america is simply further ahead than europe. but i think europe will follow. and we're looking forward to that over with fulton on the fly multiple. the company currently has 170 employees to ensure it keeps growing. c m blue is negotiating with new investors. they're looking for more than $200000000.00 in fresh capital. the demand for batteries is expected to grow strongly. lithium batteries will continue to be used in computers and cars. but when it comes to bulk energy storage, the new technology on c, m, blue could prevail. now, he had of, of 20170 youth. basically, this is a very serious proposition, and it's also an exciting and thrilling technology. it promises to significantly improve electrochemical storage. on a large scale ala dorothy says,

i better see him, blue wants to establish a large part of its production in the u. s. to begin with, but research and development will stay in germany and remind her of the top business story were falling for you this. our electric car maker tesla has slashed prices by 20 percent in the us in europe to try and hold on to its dominance of the electric vehicle market. that's our show for more. you can check us out on d. w dot com backslash business. i'm christy watson. thanks for watching. here's the term that everyone has heard by now. m r in a. but what exactly is it? the messenger for genetic information became famous thanks to the coven. 19. maxine, how does this technology work?

what other diseases could m r n a be used to fight against to morrow to day next, on dw, dancing to get the current spoiling this club. i'm glad go to make parties sustainable by using a unique technology that converts body heat into energy. the scott show us how it works. the hotter the dancers, the smaller the electricity bill, euro mags, in 60 minutes on d, w. o. in india, a lend of contrast olympic of inequality

ah 75 years ago mahatma gandhi peacefully led the country to independence. what has remained of his vision? where does the world so call to largest democracy stand? where is india headed? this is the moment to unleash on violet bars. gandhi's legacy starts january 28th on d. w. ah, the joys of spring are highly visible in the animal kingdoms writes and rituals of courtship, displays of prowess and flirtation, moving in pursuit of the ultimate plaza. maintain yes, even animals can have sex without offspring. thanks to contraception.