so se, make democratic concessions. so show up to date on a mobile. here's at the top of the hour. it's available, of course around the clock on dw, don't come on with the w act on down social media as data. and the have someone else to see the highlights of selected for you, you every week. a new a box subscribe. now practices on stereotypes still shape the west, the use of africa. how do we change the adapt to make him rates, which comes with these creations together they exclude the contradictory nature of

the 0 century as to how these police can be changed. the start filming us, plea for new perspectives, stuff. october 20th us dw, the the, the further flow to china's aiming property sector, as one of the biggest developers country garden inches towards a default. we'll take you inside the empty sky scrapers that once in body to the engine of chinese economic growth. also coming up on uncomfortable truths, why the you is buying more russian. ellen g than ever before. this

is, do you have any business on kate ferguson? thanks for joining me. the crisis within china is property market is deepening as the country's largest private developer country garden. inches towards a default, the real estate time missed a key interest repayment on wedding state. fueling fears about it's longer term ability to pay back from $17000000000.00 worth of international loans. and potentially leading to a faith similar to advert crohn's, which filed for bankruptcy in new york earlier this year. china is property sector tends for a quarter of its total economic output. but slowing population growth drop in spending of a government clocked on on risky lending. practices have loaners the sector into crisis. the result, individual home owners fixing on property is declining in value developers with more units, then they can sell it's a common site doing chinese sidewalks. these days, realtors,

advertising apartments and self made signs. the problem, no one wants to buy that can show who an hours drive from badging. massive apartment buildings stand like concrete scale is 20 floors high. these apartments are supposed to be sold in 2020. some customers bought them as an investment, but only about 10 percent are currently used. it looks right in stock, moving construction, debris use everywhere. buyers in china usually pay for their apartments before they're even billed financed by mortgages. but now around 100000000 apartments. so standing unfinished, the end of the real estate public, that's up prices, rockets, sometimes double. now with the chinese economy and prices, the bubble has burst. the price isn't of vinegar, our sales have dropped to less than half of what we hadn't seen in previous years since we've been construction. that's all. but these height is stock in stock and

hot and the relisted sector accounts for a quarter of the chinese economy. no wonder business there is highly sensitive. we're on our way to find out more. when the police stops us, we have to show our passports and answer their questions. at last, we're allowed to proceed to see some finished apartments, the owner so desperately trying to sell that before prices drop even further. real estate as an investment is no longer attractive. each 40 percent of all apartments used to be bought as an investment to dates only 20 percent. the rest, just for owners to live in confidence and the sector has evaporated as china is struggling with a weakening economy so much that the country is being seen as a risk for the global economy off wednesday. and the steering germany to we will feel the effects of china no longer importing, like they used to fund out china doesn't need to fear an outright recession. and

yet the consequences of the realistic prices of the social fabric of china. a heart to 4 c, snatches of the other global business stories making news. the eu has launched a probe into social media giants mess on tick tock, stitching details on the measures they've taken to combust legal contents of this information off of our mazda, of talk on israel investigation is an application of the use new digital services law. similar pro is underway again, social media platform x, formerly twitter, and staying on topic. building your entrepreneur in most comp denied reports that he is considering pulling x from the u. that's after report and business inside are suggested. he was open to removing the platform from the block due to regular treat pressure regarding the spread of this information. netflix has increased subscription prices for customers in the us. britain on from the added income will be a further funds to the company,

which posts is better than expected growth. thanks to a question on passport sharing on the study flow of new programming in the last quarter nokia is to come up to 14 size and jobs as part of planned to lower costs, following a plunge and 3rd quarter earnings to finish telecommunications company play and slowing demand for 5 t equipment in markets such as north america and europe. earlier this year, knock is valuable. ericson announced plans to layoff 85500 employees. since the beginning of the war and ukraine, the european union has radically reduced is in 4th of coal, oil, and natural gas from russia. in fact, the block stays at goal is to eliminate the old russian fossil fuel in ports by 2027. but there is one, a glaring exception to this trends liquefied natural gas or ellen gee, which the e u has been enforcing in record volumes from russia. you don't use duct power

reports as an embarrassing sight to the e. u. the block is russia's biggest customer of liquefied natural gas buying over half of the country supply in the 1st 7 months of the year. that's with over 5000000000. yours potentially sustaining the kremlin small chest. for russia, it means that your opinion on countries, which basically are purchasing a russian gas, basically they are helping to finance of russia budget. and at the same moment, finance rushes, aggression, and, and, and, and war against you. great. island g is natural gas, which has been turned into a liquid form to be transported around the world in ships rather than dime pipelines. it's $600.00 times small, the in volume. most of the russian l. n g entering your up and says ports in

belgium funds in spain, but it doesn't all stay in your at the cargo is moved from one she but either to another shape or to a store of side in the border. and then that is signs that these bunch, the, somewhere else. so either you or the, or towards the asian markets or the middle east, that it depends how much of the gas stays in your it. so, and it's delivered to other e, you, nation's pressure has mine to don't your a p and ports terminals to stop accepting russian l. n g impulse flexi use which runs the terminal in belgium. zebra good ports told dw, that based on a principle of open access is an essential service. meaning they can't legally deny any client access, even russian shipments who has already sanctioned invoice of russian oil and coal, greatly reducing the quantities coming in. i suppose we've spoken to say that in television, you decided to sanction gas. those impulse around likely to get done in brussels.

the european commission says the one's ellen g purchases from russia to end. besides the overall gas l n g, i'm pipeline full of time from 40 percent before the invasion to 15 percent. you know, some companies are tied into a long term contracts and we've been cars then to, to bring those to a close us as soon as possible and to not renew those. um, so yeah, i mean the political message from the commission is very clear, the sooner we can get rid of the russian n g impulse, the better. but that will take a little bit of time. so the you have celebrated, the fact is managed to get gas storage to 90 percent with the winter coming, but a chunk of that has come from russia to talk more about this. i'm doing that by carl nacley assigned her and ceo of crystal energy, a consulting group. she's joining us from abu dhabi. how i want to understand dispatcher, how important is ellen g for the you in general? and she has saved

a huge and big cries is not here because they use for this or they used to rely on the lifeline gas, which is a very rigid infrastructure because it's con, next one supplier with a specific point that is the customer. but, and she gives big stability to boys and she's a producer, as opposed to him because she wasn't the case of the used to in the crisis happened last year and rush, i caught up with supplies gas supplies to do that. you buy price mar. we found it and she said the day yes, process increased, but was that pro signal that was necessary to attract these additional supplies. and then she and towards the end of last year, we still and, and she said curse viewing at some quotes in europe to the liquid, 5 natural gas to very important market. that is it you, so i think was out and then she would have seen the price is much higher last year in europe and because it would have lost it much longer. okay,

so we know that l m g is really important the right now. but what's the, is it 2nd largest supplier after the united states, given that the, you does have a big and reliable supplier in america? why has it been buying more from russia? what the shuttle do used to be unimportant stuff going on. natural gas to do that you. of course it's changed so dramatically between 20212022 busted. what we know, $500.00 gas shrunk a lot. this amount was able to call and see if it was set the next best buy. and then she know, of course, you might say why was sent by a and she is the case or to the needs of the local market. and the difference between images and 5 thought is that you can get it from different sources, but you have to dig into cost duration. what is available out there. it's not easy to open the top and close the top and establish some of the ship. and then she to a market. so most of the energy that use to trade it today,

it's usually contracted between the producer of the customer for many years to congress. okay. about 15 years or 20 years, there's a smaller proportion of an end sheet that is tied to it without the snow to the contract. so the cost spots, and she and fuel may or didn't have, that's for energy at the u. s. as the main wants, but very few around the engine i shot is stepping in to take advantage of this flexibility that, that, and she is given to europe and the need for energy and the you tell nato of crystal energy there. and you can watch a longer version of my conversation with her on the dw news youtube channel. and finally, sports utility vehicles are s u, v. 's have a reputation for being mazda of golf golfers. but perhaps it doesn't have to be that way. take a look at this. students as idaho university in the netherlands have created an off road vehicle entirely powered by rooftop solar panels. the one size into columbus

for a test drive across morocco was completed with the vehicle having to plug in one with a top speed of a 145 kilometers per hour. estella tara, is the world's 1st off road. so there via the reminder, at the top is a story we're following for you. this, our china as largest private property developer country garden is entering towards the the real estate. and mr. key interest repayment on wednesday evening sir, is that it won't be able to service any of it's $17000000000.00 far in the opposite fi show from where you can always check out dw com slash business. we're on the dw, easy, cheap time on oswell from me on the entire business team here in berlin. it's by taking the,

it's just football. and yes, it's so much more. it's a symbol for living together in the muslims, christians and jews play together in the jewish for folks up to some a copy been in despite challenging circumstances. they want to go on playing the game games types and find focus on your next on d, w. the, the tips for your packages from madison to cities, check on some great cultural memorials to b. w travel regarding

the welding program of pop calls to everyone who wants to know more about this topic that consent us about this story is beyond the headline world in progress. the w talk costs the this is focus on europe. i'm lara. babel a welcome. the higher risk events in the middle east have the world on edge following a mouse is unprecedented terror attacks and israel really forces are heavily bombarding her last target, gaza strip. many residents there are trying to flee to the south. israel accuses

him as of blocking civilians.