the next and with sam cooke in the starting lineup for the matilda as anything feels possible that we don't expect reporting there. you're watching dw news as a reminder of our top story is yours military ruler chap closed because it's aerospace, claiming neighboring countries are planning an attack. the whole day ignored in sunday deadline to restore the nation's president to pop up next is business with stephen beardsley. i will see you tomorrow, the shuttle the currently move people, the on the world wide and such a hassle attached to committed to actually

find out about robina story info, migraines. imagine how many portion of lots of turn out in the world climate change . the story faces 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 like this. the a terrible result for a major energy firm now hasn't rethinking it strategy for wind power altogether. well, it could help simmons energy loss, almost 3000000000 euros in the latest quarter. isn't out of the woods yet. also on

our shoulder convoluted and even controversial, the shipping routes for greens coming out of ukraine or no 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'd be getting here in germany. we're one of the world's major energy firms. zimmerman's energy says it's rethinking it strategy for wind power. that after and i watering result in the last quarter, a 2900000000 euro loss due in large part to problems with 2 turbine models. and that's going to cost savings energy, specifically a whopping $1600000000.00 euros just to repair and replace the flaws. 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 siemens in 2020

. and vaccine is 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. do a part 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 seat and b. c. you 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 when you're on investment, which is a major investor in siemens energy 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 a to solve here. i'm afraid is that clarity that we're seeing now. you've got this number 1600000000 euros. we've talked about a 4500000000. your loss for the whole year. is that clarity? is that showing you that z means 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 state of siemens imagery in november with even more details. um, 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. when not over it. 100 percent. you already mentioned the, the staggering orders actually for wind turbines in this last quarter, 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 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 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 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 and

we go down to some of the other global business stories making headlines. a german industrial production sell more than expected in june dropping 1.5 percent. the 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 8. the target screen investment, saudi state run oil. john a remco has posted a shortfall and profits in may 30 1000000000 dollars in 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 x sports from ukraine cord. we raped seed 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 work around. 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 weed, corn, and rapes seed, and ne ukraine on 60000 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 ports and stopped. we export from ukraine seats and we think general it was going

to indonesia and markets. china was primaries market for, for form. ukraine unfortunately is not there because so making the, the west coast bar. so it's was lexi ports closed these notes. so if 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 a buyers do with the green grain alliance. doesn't know. maybe it's susan germany there's a noise. farmers like alright, more 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 grain would be transported to germany only for export 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 on clear. 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 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 fish and 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 and we'll watch 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 are ben and i'm sad,

and by this summit they were suppose 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 yonder, but i've got news and a settlement. the public ministry of the state of power a function for companies, hopefully using the river and the university a 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 gear, which becomes the 1st female solo director to have a hit film hit that my stuff that milestone other bodies 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 boys, including hot wheels and poly pocket and showers for one of my roof. that's our

show. check us out on line d w. com slash business. i think there's like the so punch and has plenty of space. no ford f 150 lightning is a battery, electric horse power monster. we take a look under the roof of this giant b and live up to its legendary gas powered cousin. read the d. w, have you all ready for going to getting is necessary. our brains use to store some things in order to keep the important things windows for get to become a disease friend warm scott for you home in the development of drugs against

alzheimer's and dementia. so please, don't forget to watch tomorrow today in 60 minutes, dw, i, she's got issues with a lot say what crazy. the, [000:00:00;00] the, the best selling vehicle in the united states gets electrified, used cooking oil powers, a camper van in julie and britain's iconic maurice j type gets