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. siemens 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 demons, gum mesa. now that firm gummies, that has been a problem presume,

is energy ever since the latter was spun off from industrial, giant demons. in 2020 vaccine is energy has yet to close the fiscal year in the black it share price going into monday was down 1717 percent this year alone doing the parts of its own problems as well as problems in the wind industry in general. now here's what siemens energy c o christian book told c and b c. he said 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. under normal circumstances, i would have had to potty today with the old income that siemens energy booked, as well as with a guest and poet 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. i 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 see minutes energy in november with even more details of 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 order is 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 segment to 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 orders of course. and we have to work on historic problems from c means to me. so rather than taking our money to put it into our indeed 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 of 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 i don't think 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 us

and we go down to some of the other global business stories making headlines. german industrial production sell more than expected in june dropping 1.5 percent. percentage point more than economist had expected. 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 d. 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 e u framework for state a. the target screen investment, saudi state run oil, john 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 to ken green exports from ukraine, core. we rape seed make it to market without going to 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 ukraine or a 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 green alliance grows wheat, corn and rapes seed, and ne ukraine on $60000.00 hector's. before the war, the harvest was ex forwarded all over the world through the port of odessa. everything's changed since the russians took over the fords and stopped. we exports from ukraine seats and we think general it was going

to indonesia and markets. china was primaried market for, for, from ukraine, unfortunately is not there because so making the, the west coast bar. so we like seaports, closed is not still possible at this moment. so those markets basically for you, great on what's existing for the 2 f as a to be. now the company is relying on a rail route through. so voc 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 wagons. 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 transferred from one by going through another by

means of silas elevators and then to seek for you are going to europe bean bag is because availability is not that competitive as it, as it these a new train. the port of broadcast in northern germany here, the ukrainian grand alliance managers have found a german buyer with the buyers do with the green grain alliance doesn't know. maybe it's susan germany there's a noise. farmers like laurie miller, who also grows grand on his farm in the state of lower saxony. he fears prices will collapse for him. it would be better if he crating green, would be transported to germany, only for export the boys from an economic perspective. and 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 a use subsidies will come is unclear. the managers a great alliance are running out of time. they need to sell their harvest now, so they can pay their employees and receive their fields. i will be getting it tomorrow, an amazon summit in brazil, we bring together the leaders of 8 nations to talk about protecting the vital landscape and habitat. it's threatened 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 letter a ton of ease 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 button and so officially friends anymore. and we don't have many of the things we used to enjoy from the river. we can no longer use the river. since 2004 communities have made claims against several other 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, residents, find the summit, hypocritical, man, i'm not even one environmental inspector. i came to visit us. is it like we are been inside the city? we have been and i'm sad and 5 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 us. human greed don't ya didn't, but i got moved into 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 garret wig becomes the 1st female solo director to have a hit film hit that my step milestone. other barbie success appears to be opening doors for other products like films for my tell, which is floating. i do a feature length films for the likes of other children's toys, including hot wheels and poly pockets, shower,

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

100 dana potter do. if she can meet brands that go, it has gone. i've gone, oh, that's not a bad divorce action to see about it. beauty, a mexican conductor performs works by farms and divorce act. with the munich symphony orchestra parts unveiled in 30 minutes, d, w. they have been fighting the hunter and be on mars since the military coups in 2021. the ship one to over through the military region. the christian minority seeks to defend its territory and stand up for its democratic

ideals. despite high losses, the groups struggled continued, close up the and 75 minutes on d w. but we'll tell you the story. we have a, getting a visa is more difficult than finding gold hosted to use force and for the present feelings about what's going on in the instead of being discussed across the continent, dw, and use africa every friday on the w. sometimes a seed is all you need to allow big ideas to grow or bring an environmental conservation to life with learning facts like global ideas,

we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference knowledge grows through sharing, download it now for the the this is the, the news live from ballot news as road and contact closes, the concert space of to ignoring a deadline to restore it, selected president to pop a block of west african states as being threatening to take military action to put .