and sponsor entities. you're watching dw news from berlin, just reminder of the top story we're following for you this. our ukranian officials say at least 8 people have been killed in a russian missile strike on the eastern city of trauma tours for the 50 others were injured in the blast, which struck a busy restaurant backs. we've got business news for you, and of course you can get all the latest news information any time you want on our website that's at dw, don't com. i'm terry marshall. thanks for watching the . every jenny is surprising. we've gone all out to give you some of the right people in your northern most count the police

the free time, but still very much alive. your guy to the special recognizes where exactly it was fun. i have learned a lot of our culture history. all their travel extremely worth a visit. the germany is the biggest industrial scandal and decades sees its 1st quarter rolling, and then keeps one of the formerly highest ranking facilitators of the diesel gate scandal out of jail. to learn experts you on the verdict also coming up for the car industry, shift towards electric, mobility

b m. w is breaking ground into united states for a brand new battery assembly plant, which keeps its options open. and after i recently spike and gas prices, we asked the trade minister of no way, which is producing a lot of natural gas. if elevator prices are here to stay for school. but welcome to the program, former audi, see over put starter 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 bargain with prosecutors and exchange. he admitted he was aware that the car maker had installed legal software, which allowed the vehicles to manipulate emissions while undergoing tests by authorities. just establish the highest ranking form reflects why 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 costs of wind pretty life on him considering what he had done. and what does the volvo off in the menu palatial scandal? so in his confession report, stylist said he had to stop the sale of your nip related cars too late. this was outlined his entire responsibility and the scandal. and 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 persecuted man. i'm both going hubs. and that's, i guess,

just the tip of the iceberg. uh so if this is a rather mild rolling in your point of view, and if the confession by mr. set started a doesn't really outline all is responsibility. so why did it come to this ruling and your opinion? i guess um and the state of the prosecution was a little bit tough even for the for the judges, for the court and for the state prosecutor sold 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 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 these kind of terms and um, once a bit ahead in this direction unfortunately. so yeah,

i think the public is not too happy about this verdict and the view they made, but i'm 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 of to go up to 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 other managers who are getting prosecuted right now, but not in terms of approach dollar, how much is the current drive and electric mobility if we 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 scanned of this, it is way bigger than the money pollution around the audi company. but uh, in terms of folks back in and as we uh with that one or for him in this kind of mental condition scandal from the very 1st a receipt that, that was the change from since 2015. and that's the scandal. and it wasn't really there. yeah. what we need to turning point for the automotive industry to um, gets 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. an attorney like sound of 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 the ability to which human will have to work and lock the machines to make it all happen at 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, seemed 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 upgraded next years within the next 7 years. painted inspection process easier. 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 from united states tax credits to the inflation reduction, the like the cars cheaper for consumers. with the 7 rewarding mobility investment in north america. because the customer demands it's difficult to forecast. even w keeps its options open with the ability to switch to the action lines between

combustion engine unfettered part part. so you have to have a flexible set up the brick maybe, and those people ramp up of a be in the mind or maybe a little bit of as low as the minds of the m w. 's investments the with windows, 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 met asleep on reporting. they're not 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 died. gopi not 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 rates increases any time soon. the arizona central bank had also reiterated plans to raise rates next month. that would be the 9th rate hike in a row on inflation 2 years on a snowed underlying pressure is 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 seen a 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 our partnership even stronger. because we are, by far the largest supplier of natural gas resources 2 years now, that's really very important for europeans 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 filled 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 already 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 you agree?

technologies in germany this past year economically was marked by an energy crisis . what do you think? when i started i can learn from norway. i admire what else? also they are, he and his government is facing really big challenges, but they're also facing another opportunity. so there are things germany can learn from norway, 4 out of 5 car. see norway now are fully electric. we have been able to, to replace or all the oil based heating system. so number of 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 so that green transition, 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 new tube channels for me in the entire business team here in boland,

thanks the i'm even doing at home. it's me having relationship to me, happy being a good to be on dw blessing or a curse. mozambique scare swells was supposed to be the economy, but the country is beset by terrorism. instead, western energy investors have put their big plans on, hey,

lawanda and soldiers have been sending us these papers. in 60 minutes, dw, we're all set and we're watching closely. we all seem to bring you the story behind the news. we're all about unbiased information. all 3 months. done the last of us. it's one of those morning things that just has to be done, but not many people liked to think about digestion on where it is to get over the to boot because what goes into the tops can have a huge impact on your health. and what comes out down below it can.