can won the academy award for best director and 1971 force thriller the french connection. but freaking is best known for his horror film, the exorcist which sought to audiences with its depiction of a possess 12 year old girl. it went on to influence horror films for decades and decades to come freak and released more than 20 future films. his last is that the premier at this years venice film festival of next troubles with wind turbines trigger record losses at one of the world's major energy companies sticking beardsley as the details on dw business after a short break. i'm here until thanks for tuning in 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 3 times long, but still very much alive. your guy to the special sauce in germany recognizes where exactly it was fun. i've learned a lot of our culture history, dw, travel, extremely worth a visit. the, a terrible result for a major energy firm now hasn't rethinking its strategy for wind power altogether. we'll look at how siemens energy last, almost 3000000000 euros in the latest quarter. it isn't out of the woods yet. 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 busy in berlin, and we begin here in germany. we're one of the worlds major energy firms. zimmerman's 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 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 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'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 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. and help us understand this better. i'm joined now by feel a deal. she's a fund manager and analyst at your own 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?

hi stephen, and thanks for having me. under normal circumstances, i would have had to potty today with the or the 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 a 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. 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, 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 segment to make money when we look at it as well? currently we have to see how strong the margins are in the order 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 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 in so called transformation technologies. or the program is part of a new, a new framework for state aid that targets green 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. it's 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 training company. green alliance captured by a surveillance camera. 16000 tons of we are no longer usable green alliance grows we court and rapes seed in 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 exports from ukraine seats and we think maureen market for,

for form ukraine unfortunately, is not there because 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 to as, as it 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,

i guess you are being diagnosed because availability is not that competitive as it as if these are the new cream. the port of broadcast in northern germany here, the ukrainian green alliance managers have found a german buyer. what the buyers do with the green grain alliance doesn't know. maybe it's susan 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. the boys from an economic perspective, it would be sensible if the you were to provide funds for subsidizing the freight if you crate in week towards the north and baltic sea. so that this week and then also go to developing countries and alleviate degree,

i just 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, animals, smugglers, even drug traffickers. but the 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 autonomy. rees, 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, momentum, not even one environmental inspect do i came to visit us? is it like we are ben and inside the city? we are ben and ivan said, 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 collaborate 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 boys including hot wheels and poly pockets, showers for one of my roof. that's a show check us out online d, w dot com slash business. i think there's like

the they have been fighting the hunter and be and more since the military coups, in 2021 the ship, one to over through the military region. there christian minority 6 to defend its territory and stand up for its democratic ideals. despite high losses, the groups struggled continues close up the connect on dw, a pulse, the beginning of a story that takes us along for the ride to perspective culture

information. this is the, the news w. mine's our sports, all of our scoring we say they were about never giving up sports flies every weekend on dw the, the thing were taking up a front line position.