companies s base driving neighboring countries of planning and it's tax. don't take no the sunday that deadline to restore the nations elected president. to the forget jacobus. good news on the golf. just download our app from google. play all from apple's app store that will give you access to all the latest news from around the world. but it's pushed notifications. the break and that's it from me and the news team don't go way up. next is saving busy with the business. i've got office, i have an update for you at the top of the door. it don't take money under your mommy's not coming back. it's over february 2020

russian troops in faded the ukrainian city of coupons. it was recaptured. 6 months later, the occupation this hard drive, under russian occupation resisted who collaborated? how can life go on after all the terror? not everyone can endure the fear, weeks out every day. when russian starts august 25th on dw, the a terrible result for a major energy firm now hasn't rethinking it, strategy for wind power altogether. we'll look at how siemens energy loss, almost 3000000000 euros, and the latest quarter. it isn't out of the woods yet. i also want to show the

convoluted and even controversial the shipping routes for greens coming out of ukraine are now raising prices and frustrations and brazil is set to host a summit around protecting the amazon rain forest. we'll look at how industrial pollution has it. one community in particular. hello and welcome to our show. i'm seeing beardsley in berlin. and we begin here in germany. we're one of the world's major energy firms. zeeman energy says it's rethinking it strategy for wind power. that after i watering result in the last quarter, a 2900000000 euro loss due in large part of problems with 2 turbine models. and that's going to cost savings energy, specifically a whopping $1600000000.00 euros just to repair and replace floss. and it's 4 x and 5 x on shore turbine models, both made by its spanish subsidiary, z means mesa. now that firm may, so it has been a problem, presume,

is energy ever since the latter was spun off from industrial giant demons in 2020. in fact, seem as energy has yet to close the fiscal year in the black, it's share price going into monday. was down 1717 percent this year alone, due in part to its own problems as well as problems in the wind industry in general . now here's what siemens energy, cl christian book told c, and b, c is that the loss was really a quality issue in terms of going to fast with new products into the market. all right, help us understand this better. i'm joined now by feel a deal. she's a fund manager and analyst at when you own investment, which is a major investor in siemens energy. you feel welcome to the show. um, you know, investors knew that this bad news was coming. this was announced in june that there were these flaws with the turbines. was there anything in this earnings released today that really struck you despite the fact we already knew some of this a hi,

steven, and thanks for having me. um, under normal circumstances, i would have had to potty today with the old income um that siemens uh, energy booked, as well as with a guest and po, a business. and we finally got this 1600000000 number on the table. finally, that we waited for a quite a while. um, but right now still a lot has to be done. um for a few minutes energy. um, i was one of the investors asking for the take over of me saw to have the full grip on this spanish business. and i had no clue about what would put the pop up next and that we had so many issues to solve here. i'm afraid is that clarity that we're seeing now. you've got this number 1600000000 euros. we talked about a 4500000000. your loss for the whole year. is that clarity is that showing you that the humans energy really is in control?

is that per, provide any optimism going forward? i'm afraid, steven. no, it's not. um. the problem is that the growth of the company is shifted towards the future. now we'll get another update at the capital markets day of siemens imagery in november with even more details. and the whole issue is not solved yet. um, we have to sort of still prove um putting and see how many more um, how much more money will will flow into this. i'm afraid. no, it's not the end to my mind. we're not over it. 100 percent. you already mentioned the um, the staggering orders actually for wind turbines in this last quarter or more than a 100 percent increase. i believe from the last quarter. what are the conditions otherwise strong for this segments and make money when we look at it as

well? currently, we have to see how strong the margins are in the old book and to really comb them through, as you will have noticed as well. and the revenue out look has been lowered because right now we have to work on historic origins of cost. and we have to work on historic problems from c means to me. so rather than taking our money to put it into r n t going forward, and i'm thinking about hydrogen's, for example here, and also about your products and you solutions for customers. so we have 1st step to solve the costs. um, then we strength of the company and then we look forward to the future. but that will take a while and don't take that will be done below 3 years from here. all right, that's fear deals. he's a fund manager and analyst at on your own investment, which is a stakeholder in siemens energy fair. thank you so much. thank you, steven. and we go down to some of the other global business stories making

headlines. german industrial production fell more than expected in june dropping 1.5 percent. percentage point more than economist had expected. and german industry is experiencing weakness and the lower demand from china. higher interest rates in the fall out from the energy prices. the german government has announcing new federal aid program to accelerate investments in de colonization. companies will be able to receive up to $150000000.00 euros and direct grants or tax benefits for activities and so called transformation technologies of the program is part of a new, a new framework for state aid, the target screen investments, saudi state run oil drive a remco has posted a sharp fall and profits in a 30000000000 dollars and the 2nd quarter. that's a decline of nearly 40 percent when compared to the same period last year. remco

blames declining energy prices much like it's peers, which are also seen, falls in revenue can green exports from ukraine, core, we rape, see to make it to market without going through the port city of odessa. and that's still a big question in the weeks after rush refused to extend a grain deal negotiated with united nations. now, producers and you create our desperate search for workarounds. but with every solution comes new friction. take a look. a russian missile attack on the green storage of the cranium company, grain alliance captured by surveillance camera. $16000.00 tons of we are no longer usable. great alliance grows wheat, corn and rape seat, and ne ukraine on 60000 hector's. before the war, the harvest was exported all over the world through the port of odessa. everything's changed since the russians took over the fords and stopped. we export from ukraine the leads and we think general it was going

to indonesia and markets. china was primaried market for, for form. ukraine, unfortunately is not there because so making the, the west coast bar. so it's lexi ports closed is not still possible at this moment . so those markets basically for you brain on what's existing for the 2 as, as a to be. now the company is relying on a rail route through slovak. yeah. for transportation green alliance has purchased an entire fleet of wagons hoping to free itself from expensive freight rates. but in slovakia they have to reload the green onto narrower european wiggins. this is time consuming and drives the prices up again. and there are bottlenecks in further transport because we have to come up with the release through the border.

wait the using the border then to try and sold from one by going through another by means of silas elevators and then to seek for you are going to europe being diagnosed because availability is not that competitive as it, as it these, the new train, the port of broadcast in northern germany here the ukrainian green alliance managers have found a german buyer with a buyers do with the green grain alliance doesn't know. maybe it states in germany . there's a noise, farmers like all right more. who also grows green on his farm in the state of lower saxony. he fears prices will collapse for him, it would be better if he crating grain would be transported to germany, only for export. from an economic perspective, it would be sensible if the you were to provide funds for subsidizing the freight

of ukrainian weak towards the north and baltic sea. so that this week and then also go to developing countries and alleviate the greatest need there. whether such, e u subsidies will come is unclear. the managers a great alliance are running out of time. they need to sell their harvest now they can pay their employees and receive their fields. i will be getting it tomorrow. an amazon summit in brazil, we bring together leaders of 8 nations to talk about protecting the vital landscape and habitat. it's written by illegal loggers and gold miners, animal smugglers, even drug traffickers. but industry has also left its fingerprints on the region. here's a look at one community the city of bel, them at the mouth of the amazon river is the main entry point to the brazilian rain forest. it whole several leather town to res, which have been dumping the a waste into the river for years, killing wild life and preventing fish in the area taken away. the livelihoods of

many people who live just 5 minutes away from the city. well, the past the water was crystal clear, not like it is today. but 10 or 11 years ago we began to change. today we don't have the abundance of the session trends anymore, and we don't have many of the things we use to enjoy from the river. we can no longer use the river life since 2004 communities of made claims again, several level. a ton of res. research has found that the toxic element chromium is used in the letter preparation process and that increases the chances of developing cancer to the veto power institute. an organization which monitors the safety, eliza of belgium residence, find the summit, hypocritical, the not even one environmental inspect to a came to visit us, is it? we are ben and inside the city. we. hi ben and i'm sad. and by this summit,

they were supposed to come to visit us to see what the people of the river side lemme going through. but we are being trampled by human. greed isn't yada, but i've got news and a settlement. the public ministry of the state of power a function for companies for polluting the river and the university of power collaborates with the firms to provide technical solutions to decrease pulled ition . but the residents here say the lifeline. the river continues to die. and then finally, the pink wave is still going. barbie has now hit the $1000000000.00 mark in the global box office credit there where it becomes the 1st female solo director to have a hit film hit that meister milestone other bodies. success appears to be opening doors for other products, like films for my tell, which is floating at a feature length films for the likes of other children's voice, including hot wheels and poly pocket and showers,

pulling up my roof. that's our show. check us out on line d, w dot com slash business. i think there's like the have you already forgotten to getting is necessary or breeding's use to store some things in order to keep the important thing. when does forget to become a disease? friend, we're offer you holes in the development of drugs against alzheimer's and dementia . so please, don't forget to watch tomorrow to do dw, the . 7 daniels index. you belong to the 77 percent comes will i don't go to

65 last last those top 5 years, 31115. we are here to help you make up your mind. we are here on please find your mind. so talk to you from trouble talk, fixed a new culture and in 15 minutes, left side of the parts of our community life it is now on the top. if you will, from the city, you might not know that those rooms improve the quality and structure of soil. and they also play a decisive role in el paso with climate change because that.