1995 oscar winning ceiling. a room with a view is a reminder about top story. ukrainian officials say at least 4 people have been killed in a russian missile strike on the eastern city of chroma tools. to move in for the others, we ended rescue as our racing through like high stars. he may still be trapped under rumbles and after a short break, michael a chris clay, but will bring you to alexis business. the stucco. the pricing strategies or thoughts say? well, crazy, the

imagine so many portions of lots of turn out in the world climate change. the storage space is much less the way from just one week. how much was going to really get we still have time to act. i'm going to access the germany's biggest industrial scandal and decades sees its 1st quarter rolling, and then keeps one of the form of the highest ranking facilitators of the diesel gate scandal out of jail. to learn experts you on the verdict also coming out for

the car industry, shift towards electric, mobility b m. w is breaking ground in the united states for a brand new battery assembly plant with keeps its options open. and after i recently spike and gas prices, we ask the trade minister of norway, which is producing a lot of natural gas. if elevated prices are here to stay, i'm 1st cobra. welcome to the program, former audi c o rupert style has been given a suspended sentence of one year and 9 months for his involvement in the diesel emissions scandal. the munich district court also find in 1100000, europe's earlier this year, the former seo and fox flag and board member agreed to a plea. bargains with prosecutors and exchange. he admitted he was aware that the car maker had installed a legal software which allowed the vehicles to manipulate emissions while undergoing tests by authorities. mister starla as the highest ranking former fox by an executive to be convicted so far over the emission scandal that rocked the auto

industry in 2015. let's take a closer look at this verdict with legal expert, alexander folks, welcome to the w, a suspended sentence of one year and 9 months, and a fine of 1100000 yours. what's your impression of this? really? i think it's a very forgiving verdict, and the cost went pretty nice on him considering what he had done. and what does the volvo off in this menu, pollution scandal? so in this confession, group of solace that he had stopped the sale of nip related cars too. late, this was outlined his entire responsibility and the scandal, or i think not because he was in tops for a long, long time and he had all the contacts and was in touch with all the engineers. and with all the managers especially um the other products you didnt man um both going

hubs. and um that's i guess just the tip of the iceberg. uh so if this is a rather mild rolling uh in your point of view, and if uh, the concession by mr. scott stopped, uh, doesn't really outline all of his responsibility. so why did it come to this ruling and your opinion? i guess from the state of the prosecution was a little bit tough even for the, for the judges, for the court and for the state prosecutor. so is the yeah, it's a done deal for all of these sites. and i guess it's just the best way to put it in a doctor as we say here, this is rolling play to the impression many people may have that corporate executives can do whatever they want. they what they will not go to jail for it. unfortunately that's one step ahead and this kind of terms and once

a bit ahead in this direction unfortunately. so um yeah, i think the public is not too heavy about this verdict and, and the view they made a bunch of them. yeah. completely understandable. i guess what do you mean when you say this ruling could just be the tip of the iceberg? i am, it could have been the tip of the iceberg. um, what could have been in terms of what could have been on and viewed? i guess now the case is closed as we say, and no, nothing is going to be reviewed comfortable of that one. so here's the fact that these verdicts said we heard that they're going to be basically singular rulings does not going going to be a wave of convictions i guess not maybe in terms of, of the manage of who are getting prosecuted right now, but not in terms of how much is the current drive and electric mobility? it's want to look at the industry as a whole. so how much is

a this drive and electric mobility? the result of this emission scandal and your point of view? i guess the whole emission scandal is way bigger than the money pollution around the audi company. but uh, in terms of folks back in and as we uh, with our firm in this kind of many pollution scandals from the very 1st a receipt that there was a change and since 2015. and that's the scandal. and it wasn't really the, um yeah, what, what do we need to turning point for the automotive industry to um get away from the, from the diesel and the super a he goes um way um to the way and uh to the shift to the electric. uh, automotive industry, us attorney likes on the thoughts speaking to us earlier today, not staying with the auto industry and to us the government is reading of its last week structure car manufacturing towards electric vehicles, subsidies

a new exhaust regulations are pushing companies to build new generations of cars and the necessary production facilities. you know, the reporter matches least mon visited bmw, largest plant in the world and south carolina. that today is breaking ground for a brand new batteries assembly facility while keeping its options open. this is what this investment electric vehicle looks like. a massive undertaking revolution and mobility, which humans will have to work and lock the machines to make it all happen. bmw, south carolina workers are part of this innovation drive, but not without some fee is over the safety of working on the high voltage batteries involved anxiety, mark newton addresses and his classes. with trainees together, our associates weren't trained or if they didn't use the correct grounding of these components, we could have a high current effect or, and with any electrical hazards that involves high levels of current associates

might get stuck to a system. unable to pull themselves away, seems obvious draining. dr. comes, is it invests $1700000000.00 us dollars to manufacture electric vehicles here in spartanburg, south carolina, a brand new battery, assembly facility, and expanded production space with holland upgrading next years within the next 7 years. painted inspection process, caesar theme w won't change much as a transition center for the electric vehicles. the company will type further into a market set to increase massively over the next decade. also aided by policy intervention, the environmental protection is expected to boost the sales, the united states tax credits through the inflation production, the like the cars cheaper for consumers. the, with the 7 rewarding mobility investment in north america. because customer demand is difficult to forecast. even w keeps its options open,

with the ability to switch to the option lines between combustion engine unfettered part. so you have to have a flexible set up the rick, maybe in the steep around bubbles and you'd be in the mind, or maybe a little bit of as low of the mind being w as investments the with, with the supply of the visa around the world. about 2 thirds of the cars rolling off the plans in spartanburg, are exported. the latest to us industrial policy is designed to test that attract more for and high tech companies to become local manufacturers don't use much asleep on reporting there. and now to some of the other global business stories making news, the international monetary fund has a warning for central banks. the i m. s deputy had to go up enough says central banks may have to tolerate a longer period of higher than target as inflation rates to help them avert

a financial crisis. that's because they're increasingly faced with the choice of solving debt distress in some countries and hiking rates to 5 inflation european central bank presidents christine la garza is the cd is unlikely, and at an end of its recent interest rate increases any time soon. the arizona central bank had also reiterated plans to raise rates next months. that would be the 9th rate hike in a row on inflation 2 years on this node, underlying pressure as on prices do persist. or after months of release industry and homeowners have to deal with price hikes for natural gas and gas. once again, that after several production facilities and norway have been taken off line for repairs. meanwhile, gas demand has been on the rise. after high summer temperatures have increased the need for energy, intense, cooling, and air condition, some industry experts fear that higher demand and reduced supply could be

a long term issue for markets meeting. the higher prices for some time to come. for more on what more we can do, my colleague murray siena spoke to you more ways, trade minister, young christian investor. this has to your norway. it has displaced russia as your main source of gas. from your experience, how has norway's role these other europe shifted in this time? it has made that we're partnership even stronger. because we are, by far the largest supplier of natural gas resources 2 years now. that's really very important for european stability. and then for the energy situation in europe, at the same time we are going through a huge trends formation. so we are increasing our investments also in new technologies such as hydrogen, carbon capture and storage batteries, offshore wind. and it's really important that we work together with our close friends in europe now to see how we can accelerate this energy transition. and

that's quite challenging for our economy as well. speaking of investments, norway has the largest sovereign wealth funds in the world, and that's solving well funded as billed with money from exporting oil and exporting gas. now your government has set out to use this money responsibly in order to protect the environment. but isn't that a paradox? no, i don't think so because we will need equity and funding to be able to find on the green transition. and it's true that norway is a rich country. that's because of our natural resources, but also because we have a highly skilled people with a lot of competence and knowledge. and they where a higher degree of innovation and productivity and we're able to to rethink and to always develop our industries. but that also gives us a huge responsibility right now we are exporting as much as we can to europe to make sure that we have a well functioning european energy market. but at the same time,

we have never been investing more in the agreement technologies in germany. this past year economically was marked by an energy crisis. what do you think when i started can learn from norway? i in my life, so they are, he and his government is facing really big challenges, but they're also facing another opportunity. so there are things driven, they can learn from norway, 4 out of 5 car seen or way know, artfully, electric. we have been able to to replace or all the oil based heating system. so now we're household being replaced by heat pumps and so on by using the right people don't make incentives, carrots not sticks to be able to make sure that everybody's on board is the green transition. and i think that's at least to accept this where we are more than willing to share our experiences. great, thank you so much feedback that wraps up our show for now for more check on our website at www dot. com slash business. and of course the dw,

use youtube channel for me and the entire business team here in boland, thanks for the navy townsend's mission is to save trees. yes, luna has disrespectful names. she moves out with her team when i was at tim the mafia strikes they've almost put a stop to the timber thieves. but now the environmental is, have an even bigger enemy, global d, w, a. rug the environment. trends technology come is digitalization, stall, tops, new market, new media. the world is accelerating these the opportunities

to try new things. take flights with d, w 's, business magazine, in germany. in 60 minutes on the w. what secrets lie behind being discovered new adventures and 360 degrees and explore fascinating world heritage sites dw world heritage 360 yeah. now, the believe most of us are nature tend to be sacrificed just so every american has a tesla or if you're a p and a bmw, this consumption overburden to the planet. there's also not enough lithium. so a rethink is needed or nature must be sacrifice for the global not energy transition. i know that there's not.