of 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 when states 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 outputs, but slowing population growth drop in spending of a government clocked on on risky lending practices have loaners to the sector into crisis. the result, individual home owners facing on property is declining in value developers with more units, then they can sell it's a common side, don't, chinese sidewalks, these days, realtors, advertising apartments and self made signs. the problem no one wants to buy. they

can show her an hours drive from aging. massive apartment buildings stand like concrete skeletons, 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. the trained stock moving cuz trucks and debris is everywhere. buyers in china usually pay for their apartments before they're even built financed by mortgages. but now around 100000000 apartments are standing unfinished. the end of a real estate public. that's up prices, rockets, sometimes double. now with the chinese economy in prices, the bubble has burst. the price isn't of meaning, our total 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 in hockey. a relisted sec dro accounts for

a quarter off 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 the questions. that 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 the apartments used to be bought as an investment to dates only 20 percent. the rest, just for owners to live in confidence in 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 see now to some 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 combat illegal contents of this information off of. i'm also talking on israel. the investigation is an application of the use new digital services law. similar pro is underway again, social media platform x formerly towards your to stay on topic building their entrepreneur at most cost denied reports that he is considering pulling x from the you. that's after report and business insider suggested he was open to removing the platform from the block due to a regulatory pressure regarding the spread of this information. netflix has increased subscription prices for customers in the us, written on from the added income will be a further boost to the company, which post is better than expected growth. thanks to a question on passport sharing on the study flow up 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 and markets such as north america and europe. earlier this year, in all cases, rival erickson announced plans to layoff 8500 employees. since the beginning of the war in ukraine, the european union has radically reduced its imports of coal, oil, and natural gas from russia. in fact, the block stays in the 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 l n g, which the e u has been enforcing in record volumes from russia. you don't use duct power report as an embarrassing sight to the

e. u. the block is russia's biggest customer of liquefied natural gas buying of a 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 us, right? means that your opinions and your num, countries which basically are purchasing a russian gas basically they are helping to finance of russia budget. and at the same moment the 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 events has ports in belgium, funds in spain, but it doesn't all stay in your at the cargo is moved from one shape uh either to

another shape or to a store of side in the border. and then uh it signs that these boxes uh, somewhere else. uh either you or the or towards the asian markets. uh. ready the middle east that you depends, much of the gas stays in your so, and it's delivered to the e. u. nation's pressure has mine to don't your a p and ports terminals to stop accepting russian l. n. g impuls, flux ease, 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 so continue say that in television you decided to sanction gas. those inputs are unlikely to get done in brussels. the european commission says it one's ellen g purchases from russia to end besides the overall gas island g. i'm pipeline full time from 40 percent before

the invasion to 15 percent. now, you know, some companies are tied into a long term contracts and we've encourage them to to bring those to a close 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 at 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 for the 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? i and she has said to you from it'd be cries is not here because they use additionally 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 that 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 might find more, 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 was still and she had curse, queuing at some quotes in europe, to the liquid, 5 natural gas to very important market. that is that you, so i think was out and then she would have seen the price is much higher last year in europe and because we'd have lost it much longer. okay, so we know that l m g is really important to the right. now what russia is 2nd largest supplier after the united states, given that the, you does have

a big unreliable supplier in america. why has it been buying more from russia? what to do used to be an important stuff going on. natural gas due to the use of course it's changed so dramatically between 20212022 bucks to what we know. cost on gas shrunk a lot. it's amount was able to compensate to assist in expense by and then she know, of course, you might say why was sent by a and she at 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 constructed between the producer of the customer for many years to

congress. okay. about 15 years or 20 years, there's a smaller portion of it. and she, that this ties it without the snow to the contract, so the cost spots and she and fuel may or did have that's for energy at the u. s. as the main wants, but very few around the end. the restaurant is stepping in to take advantage of this flexibility that and she is given to europe and the need for energy and the you to tell not to of crystal energy there. and you can watch a longer version of my conversation with her on the dw news, youtube channel. and finally, sport utility vehicles or s u, v. 's have a reputation for being a mass of golf customers. 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 are test drive across morocco was completed with the vehicle having to plug in one

with a top speed of a 145 kilometers per hour. this stella, tara, is the world 1st off road. so there via the reminder of the top business story we're following for you this, our china as largest private property developer country garden is entering towards the diesel real estate. so i missed a 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 that dw dot com slash business. we're on the dw, use youtube channel as well. from me, i'm the entire business team here in berlin. it's by taking the,

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can't get any was, but it does guardians of truth. this time, excel, gen, this turned into our meets the voices of a free turkey alter as the ad one has history into as though i knew the police would search my house. courageous people are trying to stem the turkish governments all sort, tammy and cool. i also did the chance again, but really it's a crime is addressed and the path of trying to takes responsibility for his action . what about freedom of the press and freedom of expression? what about parliamentary democracy to the situation is very serious. cut in those rights has not only weapon is op and guardians of truth starts october 28th on dw,

the w news line from them in israel hits targets across the gaza strip, including an as dry kind of density populated and it in the south region. israel had told people to relocate to a mass media report, several people killed or wounded in the blast. meanwhile, gauze and was hoping for a deliveries following intensive diplomacy is roland. egypt agreed to allow a limited number of supply trucks to reach palestinians and people around the world protect the humanitarian situation, guys, and we.