june 25 1000000 dollar life package for ukraine. after meeting with president loaded mr. lensky, the announcement comes as the us congress, the us congress debates, future budget plans for you credit. coming up after a short break is dw business with my colleague, chris calling about the a long run stopped after 14 straight increases, the bank of england decides to keep interest rates steady as inflation as cooling and higher borrowing costs are finding view, case costs of living prices also coming up, of course, bonded very small, says more of the turmoils, i've written this facing on it. you cannot make and political trucks and high demand double time. we'll visit a swedish e v battery maker trying to set up production in germany. chris called

a welcome to the robot. the bank of england halted the long run of interest rate increases on thursday. one day after a surprise slowing and britain's fast pace of price growth. the central banks monetary policy committee decided by a narrow margin to keep the key lending rate at 5 and a quarter percent before the b u. e had increased rates for 14 straight times, trying to obtain galloping inflation. but there, by adding more pressure onto the you case already ailing economy, doctors walking out to demand higher pay. do k has been gripped by strikes since last year ramp it. inflation, which has triggered the cost of living crisis, is at its core the a patriot. some 8 percent, which is stopping face to resist. yeah, well the try to disingenuous be the size of the pay. right. so, but it's not, it's

a fake gun. it doesn't make a dense on the proceeding. 15 years, compensation food prices sort, 13.6 percent in the last 12 months. and reckon housing costs applying pressure on u. k. households. disposable incomes dwindling. since december 2021. the bank of england has been raising interest rates to cub inflation. but that means high interest rates for mortgages, and that puts consumers on wednesday, u. k. prime minister research to not announce new net 0 targets in an attempt to ease pressure on households, westminster is weakening its climate goals. industry respondents, wesley, erotic policy shifts are hampering the you case a owing manufacturing sentiment. while the country has been a trailblazer for green policies, failed government action is hurting investments and some sectors, including wind, energy sect are high, sorry. they have one quick break and visit, be careful,

the costs have risen. so if you want to realize those wind farms of time, you'll have to accept that the costs have increased somewhat to the latest policy shift isn't expected to do much to attract more investment to the u. k. but it may very well, we've businesses and consumers in a twist. our london correspondence, big loss caught up with kind all i said of the center for economic and business research. and she asked him what he made of the b o. each decision to pause raising interest rates. so think after yesterday's inflation data, we knew it was going to be a very close decision. and indeed, 5 members voted for holding interest rates for a voted for the hike. so very close call indeed, and the, what the bank of england really is looking at is on the one hand and they even market and see, we know that unemployment has risen. so in the bank of england's books that's, that's a positive because some, so that gives emerging. but the good news yesterday from yesterday really is that inflation in the service of sector quote, inflation,

which hasn't shown any signs of moving in the right direction previously. that has to down in the data yesterday, and that has been enough, i think to tip the scale as to what's holding rates for now. so do you think this is the end of, of actually the right height that we've been seeing recently? i mean, it's still of quite a high, right. so it is a very high rate. it's uh, i mean, they left the door open for another re tank potentially before the end of the year . this was our kind of main predicts and before the decision that was announced today, i think the bank of england is now going to look at the data, see if inflation is going to prove perhaps more to keep an anticipated, in which case we might see another right hike, but i think i think the odds are on now that this might actually be the lowest rate type that we're going to see. and the bank is now going to wait for that. and one of the type thing that we see, you know, with the past few months to pass through to the economy. if we're looking at all the policy decisions that recently made headlines, one is about green policies. so the prime industry, she's soon a has an effect. um,

was it down some of the climate policy and visions and he has own quite a lot of criticism even from from business for example, from the british chamber of commerce. that mentioning that other countries are pouring billions in cub a new trial economy and that they fear that britain this lagging behind. so it's not exactly what you had helpful. so yeah, i think it goes to the core of really some very complex decisions which face a lot of developed economies really is kind of how are we going to transform our economies, internet 0 economies, how much is it going to cost and who is going to bear the brunt of these costs. and um, yesterday i think there were a lot of things to impact. i think there were some positive, for example, the increase in the subsidies for heat pumps to 7500 pounds. so that should help the uptake of a, the use of heat pumps. on the other hand, to remove the mandate for landlords having to invest into uh, you know, making houses,

making homes more energy efficient. so that could really mean that the private rental sector was left behind and that the compensation of a housing stock, the key policy announced with another one was of course the delay of the band of federal cars from pushing that back from 2030 to 20. 35, but again he, i think it's a complex field. think our own studies actually showed that there was quite a huge cost to society to consume as of, of having that band that early. you also have to see that the you also has a band in place that is only coming into effect in 2035. so the u. k is now in line with that. on the other hand, of course, as, as you're right, we mentioned businesses, it's crazy certainty. they want to know what the policy guidelines, what are the frameworks that we have to operate in. and then changing um, you know, changing these guidelines from middle minus one day to the next one week to the next is creating a lot of uncertainty which we have plenty of in the okay already over the past few years. and this is a, there's potentially a negative full investment here. yes. just a year ago. and this trust was

a british prime minister for less than 2 months. and she really shocked the economic establishment. she's now actually come out of fighting back and said that the establishment was, was again, so what, what do you make of that to your, what i think they're kind of different people kind of have different interpretations of um, what happens i think certainly the diagnosis of kind of the is, you know, what's justified, we have a low growth economy, we're stuck a bit and a low growth trap and you know, something should be done about that. and you can argue about kind of cutting texas lowering spending to, to, to, to push kind of the economy into more business, frankly, growth oriented way. but i think it has to be said that the way in which the implemented her decisions her, her policies there was really not take them into account the economic environment that we were in. it was already one markets were stretched, the currency markets were quite one to tie because we were in this rate hike environments. and then you know, the currency markets and one markets just didn't take kindly to the fact that there was no real costing. and no real plan of how we were going to pay for all of these

policies. and i'm, you know, they, they kind of penalized a u. k economy for that, but then blaming b, u k, a planing the to nomic establishment. so something like that i think, is, goes a little bit to parts a little bit of an easy excuse for and on the dental file, both, you know, establishment or blog or whoever that might be. i don't really think it's a good excuse for that. that was kind ourselves economist at the center for economic and business research, talking to the w correspondent, big boss, and you can watch the entire interview on the dw news youtube channel. now to some of the other global business stories making news. the us federal reserve left interest rates on changed on wednesday and slaves meeting, but fed she had her own, paul hinted at another re type before the end of the year. investors hoping for a rate cut to may have to wait longer as rising old prices add to ongoing inflationary pressures. germany's exports to countries outside the european union fell for the 2nd month in a row and august. demand from the united states and china declined as high interest

rates, and the energy crisis continued to weigh on the global economy, exports and onto your countries account for around half of paul of germany's ex, japanese as an ex, tonics giant toshiba will leave the stock market after 74 years, a group of investors planned to take the company private after buying a majority stake, toshiba shares, started trading on the tokyo stock exchange in may 1949 as dependent merch from birth. more to spaces include home electronics and nuclear power stations. many countries trying to push electric mobility are turning their attention toward sweden, vast resources of magnesium, cobalt or nickel, has made it a hub for e v battery production, which is giving swedish battery maker north fold a real like up, mid rise and global demand. the company is expanding to norway and germany, a reporter for somebody serious visited their plant in suite. one of north faults

got factories is located in the southern sweetest city of best to the us. here, car batteries are produced on a large scale for brands like b and w folks log in involve the company is expanding massive flu because demand is enormous. the am on the, on the i'm no thoughts, chief environmental officer explains how that particular efficient battery cells work. and you put them together next to each other. so as you can see it, and the 1st we've been modules, which is a smaller, um, uh uh, components where we just put the sales next to each other. and then they put them on in the system and we add to the electronics. and the, the system that controls the batteries and decides to what temperature they need for optimal charging, or how they should be charged and discharged at different speeds. further up north northward operates another giga factory as large as 200 football fields,

employing up to 4000 workers for the plant annual production of batteries. for $1000000.00 electric vehicles, the different battery cells and effects are for each automaker. the onboard computer and the car controls how the batteries are discharged evenly. it also manages the charging process to ensure that the car gets to over 50 percent in half an hour. creative thinking teamwork are important to the company in the full slab newest of home. they're all 1000 employees. one of them is project manager amount of use. so again, sky, i think it's super exciting on next week. i think of best 3. first of all, that's a very complex product with different people that have to collaborate to really make this happen at scale. it's a engineer from all different disciplines. it's of course, business backgrounds, it's production people that you know, everyone needs to come together to really deliver to make this common mission come to life. from here,

they are planning to new giga factories in no way in germany. the swedish company intends to invest in several 1000000000 euros from this expansion. we design and build the battery cells, but we also build battery factories. and this is what we are here for. we are here to enable this translation with sustainable battery production on getting a scale in europe. so we are homegrown, and we want to keep the momentum and we want to be in the, from please, and show that you can do this in a sustainable way. all location so currently being expanded because of increasing demand. and in germany it will soon look the same. northwell. they'll have a key got factory operational by the end of 2025, and pulling 3000 workers for the investment of 4 and a half 1000000000 euros. that is our show. thanks for watching service successful. the

rug, the environment, trends, technologies come is digitalization tops, new markets, new media. the world is accelerating. sees the opportunity to try new things. take flights would be that we use business magazine made in germany. next, on d, w. tracking, methane leaks. more than $18000000.00 tons of methane gas, and through the atmosphere every year, unintentionally, it escapes from poorly maintained conveyor systems, and exacerbated climate change enormously. sadly, emissions in 45 minutes on

d. w. what secrets lie behind these discovered new adventures in 362 and explore fascinating. both heritage sorry, dw world heritage $360.00 now the it's a balancing act. we have to reinvent ari, calling you to avoid the climate crisis. well, also making ends need becoming greener, more modern and more autonomy is. it's the challenge that dominates our global economy. it's also what we will be looking.