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 wednesday. fueling fears about it's longer term fillasy to pay back from $17000000000.00 worth of international loans. and potentially leading to a state 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 a 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 side, don't, chinese sidewalks, these days realtors, advertising apartments and self made signs. the problem no one wants to buy like

you've shown who an hours drive from badging. 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 trading stock moving cuz trucks and debris is everywhere. buyers in china usually pay for their apartments before they're even built finance by mortgages. but now around 100000000 apartments. so standing unfinished, the end of a real estate bubble that sa prices, rockets, sometimes double. now with the chinese economy in prices, the bubble has burst. the price isn't of vending, our total sales have dropped to less than half of what we hadn't seen in previous years since we've been construction. because all but these height is in stock in stock and cannot of the relisted sector 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 were 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 today, it's only 20 percent. the risk 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 is here in germany to we will feel the effects of china and no longer importing like they used to fund out china doesn't need to fear an outright recession. and yet, the consequences of the real estate prices of the social fabric of china,

a heart to foresee that to some of the other global business stories making news. the eu has launched a probe into social media, joins mess on. take talk, seeking details on the measures they've taken to coma illegal 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 towards her a. stay on topic building. yeah. austin or a most cars 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 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 funds to the company which post is better than expected growth. thanks to a question on how sports sharing on the study flow up new programming. in the last

course, 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 g equipment and markets such as north america and europe. earlier this year, knock us rival erickson announced plans to layoff $85500.00 employees. since the beginning of the war in ukraine, the european union has radically reduced is in 4th of coal, oil, and natural gas from russia. in fact, the block stays at 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 reports as an embarrassing sight to the

e. u. the block is russia's biggest customer of liquefied natural gas, buying a house 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 some budget. and at the same moment the finance rushes, aggression and, and, and, and war against you. great. l n 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, assigned to these bunch of, uh, somewhere else. uh either europe uh or towards the asian markets. uh. ready the middle east that it depends, much of the gas stays in your so, and it's delivered to the e. u. nation's pressure. has mine sit on 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 the 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 over old gas l n g. i'm pipeline full time from 40 percent before the

invasion to 15 percent. now, you know, some companies are tied into long term contracts and we 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 island j 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 on 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 saved a 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, and she said curse queuing 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 we'd have lost it much longer are okay. so we know that l m g is really important to the right. now what, what 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 to do used to be unimportant stuff going on. natural gas due to the 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 compensate it was set the next best buy and, and she now 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 $55.00 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 took 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

come. we took about 15 years or 20 years, there's a smaller proportion and, and she that doesn't try that without this number to the contract. so the cost spots and she and fuel may or didn't have that spot energy available in the u. s. is the main wants, but very few are wrong. the engine i shot is stepping in to take advantage of this flexibility that, that, and she is giving to europe and the need for energy and the you style, 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 or s u, v. 's have a reputation for being a mass 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. 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 gardens is entering towards the the real estate. and mr. key interest repayment on wednesday evening. serious that it won't be able to service any of it's $17000000000.00 foreign. that ratcliffe, i show for more, you can always check out dw. com slash business. we're on the dw, use youtube channel, as well, from me on the entire business team here in berlin. it's by ads taking the,

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the goals so often use of fatal attraction. tens of thousands are drawn to the more attaining and desert. to dig in treacherous mind and risk their lives every day. but for them is greater than feed us. 30 minutes on d w. many of the writers of the like, mid to with, i mean, racially prejudiced themselves. a guess it's connected to the idea of colonialism. how does a just world come into the thomas jefferson principal officer of the us declaration of independence? believe he had the solution. why do we still struggle with global inequality and structural racism? projects in like in 75 minutes on dw, sometimes

a seed is all you need to allow big ideas to grow or bring an environmental conservation to life with learning facts like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge grows through sharing, download it now for or it might seem easy. how much can we do simultaneously? multitasking these, the modern methods. because if we do too much at $180.00 all wrong, we mess things up, risking brain damage. so let's stop this self sabotage humans and multitasking. want to now on youtube, v. w documentary. the,

this is the w news life from thailand. israel hits targets across the gaza strip, including an ass, striking, a densely populated area in the south of age. and israel had told people to relocate to a mass media report, several people killed or wounded in the blast. meanwhile, a deliveries for gaza on span 5 following intensive diplomacy. israel and egypt agreed to allow limited supplies to reach palestinians, even as israel keeps up, it says strikes on the express form of siber.