it's really up to me and the players will enjoy the chance to write some positive headlines again. and with that, now you're up to date. here on the date of you news. i'm sarah kelly in berlin. up next to the business with chris cobar to stay with us for that. thank you so much for watching. take care the sometimes it's hard to find what you're looking for. but we've got something for you, the fast fashion as an environmental nightmare. a clothing graveyard image of land desert. this is where things wealthy industrial nations no longer need and

the lightest textile waste gets stranded here. all about the final stuff in a global fashion industry. fast fashion. watch now on youtube, the a long run stopped after 14 straight increases, the bank of england decides to keep interest rates steady as inflation is cooling and higher borrowing costs are finding the case. cost of living prices also coming out. of course, on a very small says more turmoils, i've written this facing on, it's a nomic and political trucks. and i demand a little time to visit a swedish e v battery maker trying to set up production in germany. i'm course called

a welcome to the program. the thing then told at the long run of interest rate increases on thursday one day after is the price 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 attain galloping inflation, but thereby adding more pressure onto the u. case already, ailing economy. doctors walking out to demand higher pay. u. k has been gripped by strikes since last year ramp and inflation, which has triggered the cost of living crisis is at its core. says also does a patriot some presents which is stopping stationary vis. yeah, well the talk to you does a genuine be the size as a pay rise,

but it's not to pay god. it doesn't make it dental to proceed. in 15 years of inflation, food prices sort, 13.6 percent and 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. that means high interest rates for mortgages, and that puts consumers on wednesday, u. k. prime minister receives do 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 case ailing manufacturing sentiment. while the country has been a trailblazer for green policies failed, the government action is hurting investments and some sectors including wind energy . the 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 on time, you'll have to accept that the costs have increased somewhat broken over 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 offset of the center for economic and business research. and she asked them 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 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 in the 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 select is 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 thing 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? this 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 to 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 grade type that we're going to see in the bank is now going to wait for that amount . if you 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 a dollar and 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. the mentioning that other countries are poor in billions in cub a new trial economy. and that they fear that britain is 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 intern, and 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 positives, for example, the increase in the subsidies for heat pumps to 7500 pounds. so that should help the uptake of a uh, the use of heat pumps. on the other hand, to remove the monday for landlords having to invest into you know, making houses,

making homes more energy efficient. so that could really mean that the private rent of sector was back behind and that the company's ation of the housing stock. the key policy and honest with another one was of course the delay of the band of federal cars from pushing that back from 2030 to 2055. but again, here i think it's a complex field. i think our own studies actually showed that there was quite a huge cost to society to consume as of, of having the 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 other 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 time to do. 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? you know what, i think they're kind of different people kind of have different interpretations of um, what happens uh, 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 policies there was really not taking into account the economic environment that we were in. it was already in bond markets were stretched out, the currency markets were point one to time because we were in this rate hike environment. and then you know, the current to markets and one markets just didn't take kindly to the fact that there was no real costing. and no real man of how we were going to pay for these

policies. and um and 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 too far. it's a little bit of an easy excuse for and on the identifiable, you know, establishment or blob 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 u. s. federal reserve left interest rates on changed on wednesday and latest 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. the key, 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 to non, to you. countries account for around half of all 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 world war 2 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 bold a real like up, mid rise and global demand. the company is expanding to norway and germany. a reporter for some facilities visited their plant in suite. one of north faults got

factories as located in the southern sweetest city of best to us. here car batteries i produced on a large scale for brands like bmw, w, volkswagen and volvo the company is expanding mass, a fleet because demand is enormous. am on the, on the high end. 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 the electronics and the, the system that controls the mattress 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 of the largest 200

football fields, employing up to 4000 workers for the planned 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 background, 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 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 have here to enable this translation with sustainable battery production on getting a scale at it in europe. so we are homegrown and we want to keep them in so many 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

enter the conflicts own with sarah kelly. drones far away from the front lines and ukraine, increasingly striking crimea, and even moscow is the russian position, becoming more vulnerable. our russian is getting tired. andre failed off is former deputy foreign minister of russia. he's my guest. this week on complex own, joining us from moscow is putting out of option conflict on d. w to the point. strong opinions, clear positions, international perspectives during bulk and dangerous journey is in search of a better future. and they end up in crowded refugee comics instead on to the point of asking golden migration prices. well, solutions to politicians, how to the points in 16 minutes on

d w we said they're never giving up every weekend on the w. drones far away from the front lines and ukraine, increasingly striking crimea. and even moscow is the russian position, becoming more vulnerable, are russians getting tired or the main question which is existing because the rest of society, that is why so low? why? so know where is the great structure nami, which was described many times, one of the best in the well, andre felt off as a former deputy foreign minister of russia. he's my guest this week on conflicts down joining us from moscow. how much should the west be concerned about putting

closing up with north korea.