u. k. boring costs as well because they've already been shooting up. i was on a street or from harvey of lance. man, thank you so much. now to some of the other global business stories making this, germany's volkswagen is preparing a partial public offering of its portia brand plan for later this year. the listing is expected to bring and billions that volkswagen aims to invest in strengthening its production of electric cars. batteries and software croatia has begun requiring businesses to display prices in both kona, the national currency and the euro. then the new rule is aimed at preparing for crash, a switch to the euro on january 1st, and flyers will also be required to display wages and both currencies. germany will keep 2 of its 3 nuclear plants running. it says they will be kept in reserve over the winter as the country struggles to replace russian energy sources. berlin had planned to exit nuclear power at the end of the year, who was sticking on that topic all over europe. high energy prices are causing problems for people also for entrepren

u. k. cost of living crisis is back in the spotlight. the country's new prime minister list trust is under pressure to avert a deepening economic crisis in the wake of the war and ukraine and soaring energy prices. ne barker has this story. morning queen elizabeth on an industrial scale requires a huge amount of kit and now a massive amount of dismantling. most flags, a bucketful must, although morning will continue to be observed for another 7 days within the royal household. and for the rest of the country. well, reality bites with a new government facing a mounting in tray of major problems. but before any big announcements, prime minister less trust is attending another massive media moment. here the un general assembly in new york, where ukraine of the global energy crisis dominates. she's also flying in for a 1st official meeting with president biden. although moments after landing she conceded, hopes of a post breaks it. you k, u s tre deal could be many, many years away. that we're not going to achieve the results a the night. it

u. k. energy costs are soaring across europe, raising the prices of everyday items and staples gooding bread and it's making life hard for businesses which know they can't fully pass along their own cost to consumers. more are now warning, but they're approaching insolvency. this bakery has been in the same family for 3 generations, selling bread to tubing and locals for 9 decades. andrea snacks, father helped the business survived despite competition from the big clear creek chains. now snacks, future is uncertain. exploding energy costs prices for ingredients like butter and eggs, up to 100 percent. it's become unsustainable before viola in the thought we actually slide into bankruptcy. we'd rather call it quits while we can actually control how it ends so long. awesome. so you think ok, so i've driven the whole thing to the wall. my grandpa got it done on my father to watch. and then i closed up shop for the all turn the key than delighted saud roaches on. there isn't much reliable data on how many german businesses are on the brink of bankruptcy. but alarm bells ringing. in august, the n

u. k. facing cost of living crisis, and soaring energy charges in her acceptance speech trust promised to tackle those challenges head on. i will deliver a bold plan to cut taxes and grow our economy. i will deliver on the energy crisis dealing with people's energy bills, but also dealing with the long term issues we have on energy supply. w corresponded brigitte mass is in london, and gave us this assessment of the issues was trust. we'll have to address the most pressing issue for highest the cost of living crisis. britain's have seen real wages falling to historic low, and at the same time, inflation has been rising, its over 10 percent at the moment and there are some phone calls that are predicting that it could rise up to 20 percent and the coming months. so that's already for a lot of people are very dia, economic situation. but on top of that, britain like other europeans, they are facing increasing energy costs. i'm. this is due to the one ukraine work written. this is subject to that, the high energy prices that other european countries are facing too. but for many people here a

costs. so through the war ukraine, the u. k. is subject to the increased energy costs, and this is where some businesses have warned that within the next few weeks they will not be able to exist. they will have to go boss because they can't pay these huge bills. and for some families, they say it's a choice between heating or eating when the autumn and the winter comes. so this is where many people in the u. k. will really wait. what list stross has so often how she can help those people that are the poorest and society more, which is the, is really the most pressing issue for her. how is she going to deal with these problems or how she given much indication in the lead up to today's vote? one of her buzzwords and the campaign was clear plan. so she says she has a clear plan how to tackle the cost of living crisis and the energy crisis, but she hasn't really notified the british people off what is, is an announcement is expected within the next week. she says, she will then allude to what, what actually our plan is, but there is

u. k. the cost of living crisis, the u. s. how speak the visits rushes close out. all media with pledges to secure democracy and security and in sport are smaller. back on top of the english, primarily by donors beat london, rival bradford to claim a fleet. when asked to see me . ah, the us president joe biden is paid in respect to queen elizabeth the 2nd he appeared on the balcony in westminster hall. as a stream of people filed past the queen's coffin. the president was accompanied by his wife jill, and the u. s. and bachelor to britain, more world leaders continue to arrive in london on the eve of the monarch's funeral . rory challenge has more from the british capital the taking his turn with the tide of people that have been flowing past the queen's coffin for days. now. us president joe biden came to pay his respects in london to find the book of condolence, and to offer his recollections for the celebrated monarch. she was the same impersonate issue as her image, decent on the wrong and all much service and harsh go out to the royal family, king charles in a

cost on out here. if you look at the world of business and economics this week, king charles the 3rd exceeds the throne as the u. k. faces of cost of living crisis . critics of questioning the relevance of the wall family at a time of public hardship. so how much does the monarchy cost? also this week, africa is likely to be the continent most effective by global warming. we speak to the director general of the world trade organization to find out how comas could be part of the climate solution. at its dumbed quiet, quitting it's increasingly popular among young workers, rethinking their work life balance. but if it's not about people resigning from their jobs, what is it about the british world family is among the largest and richest monarchies in europe. and despite the high cost of maintaining it, poll show the vast majority of britons back the institution. support a say it provides a sense of unity and pride. but the u. k is facing the worst cost of living crisis in decades. and critics, a questioning the monarchies expensive budget. king charles the 3rd will take over his mother's portfolio, but inherit untol

u. k. next prime minister, the contest was sparked by the resignation of prime minister boris johnson. strengthening the economy is set to be the new prime minister's most pressing task with the u. k. facing a cost of living crisis and soaring energy charges in her acceptance speech trust promised to tackle those challenges head on. i will deliver a bold plan to cut taxes and grow our economy. i will deliver only energy crisis dealing with people's energy bills that all say dealing with the long term issues we have on energy supply crossover to our correspond. barbara basil who is in london. barbara list trust is inheriting a country in crisis. what are the biggest issue she'll have to face immediately as free as prime minister. the biggest issue, without doubt it is the energy price crises. and because prices here have already been doubling, they're supposed to triple towards the end of the year. and particularly small business could just go out of business in their millions because of, for them there is no inherent price cap, and they are struck by, by a $10.00 fold or higher. and it unfold higher energy prices, which is simply not supportable. so this could be a cap task for feed that i'd rho

u. k. next prime minister. the contest was sparked by the resignation of prime minister boris johnson. the economy said to be the new prime minister's most pressing task with the u. k. facing a cost of living crisis and soaring energy charges and her acceptance speech trust promised to tackle those challenges head on. i will deliver a bowl plan to cut taxes and grow our economy. i will deliver on the energy crisis dealing with people's energy bills that all say dealing with the long term issues we have on energy supply trust will also have to settle a series of industrial disputes and tackle foreign policy challenges that include the war, new crane, and last but not least implementing brakes it dw barbara visa reports, there's not a lot of choice when fiona's making sandwiches for children. but she has to be really careful when buying food. 5 cost of living have for lap. and everything is so expensive, like the bread, the mill is going up, at least by 5 percent. it's hard when you've got a family of 4, but it's not only food crisis. it bigger concern for her. her energy builds. i will not be ethan mike asked her car in the winter and to stay the fact that my gas is going to be a

u. k. facing a cost of living process and spiraling energy charges. i asked dw correspondent barbara diesel in london about the biggest challenge is less trustful, faced. their calling is here in omni crisis because pretty much the whole economy is touched by. what's happening here in britain. it's a rampant inflation. it's an exploding gas price crisis, or the energy of the public health for is, is close to find no breakdown. there strikes already underway for our med train drivers and more strikes and public service from as public servants demanding higher salaries because of the inflation that's already hit 10 percent are threatened. this is going to be the big winter of discontent. the worst that britain as seen in decades, and this trust really has her hands full and a mountain to climb of. she wants to sort of get her over even the worst aspects of this omni crisis. so trust taking off as at a very difficult time has she said how she is going to deal with these problems as she didn't really say very much during and during that campaign that you

u. k. facing a cost of living crisis and spiraling energy charges will get an update from london in just a moment. but 1st, let's take a closer look at the woman set to come and print this new liter. let's try to 47 year old won a conservative seat in the british parliament in 2010 on her 3rd attempt since september 2021. she's been the u. k. foreign minister in the british government, although not without trouble humiliated in moscow by her russian counterpart, sir gay love ralph, who said it was like talking to a deaf person. she campaigned for britain to remain in 2016. but since the vote to leave became a hard liner on breaks it during this leadership campaign, she insulted the 1st minister of scotland and the french president. but trust rejects accusations that she's modeled her style. a former british prime minister, margaret thatcher, austin, before 1996, she was a prominent youth member of another british political party. we liberal democrat believe in opportunity for all she switched though to the conservative party while still at the university on the ongoing cost of living cri

u. k has meanwhile, been divided. there's widespread concern over inflation and the rising cost of living. the weather tax cuts will bring about a change of fortunes for average brits as conservatives promise has been met with skepticism on the streets of the city of london britons financial center. the plummeting pound is a cause for concern about what the coming months might bring. you know, you take a labor government would take, drove down the spending root does as she generate dr. does that take us from the session? it conservative is always going to tell you to tax cuts the news that the public is, but more money to spend with the problem is what is that you say with one of those is going to be successful or they've been there. it's so it is a gamble. how did well should we estimates disappointed about them or has no competence in petition economy? so light press is negative somehow. overall, putting yourself here. so there's some sort of recession coming, right. if it's not already here, and we just have to work her, i think i'll give leave to keep spending. the, i suspect the impac

and so sat with kyle said there is a cost of living christ is taking place in the u. k. right now the funeral is taking place. many people are mourning the queen and hang there with that. have been christians raised by people across the country about the cost of this funeral over that money can be better spent to do. okay. all right, thanks so much. i said back there as bring in simon mails. he's a retired british army officer, former senior defense advisor for the middle east. he's in london, joins us now live from the british capital. you know, the infantry, the cavalry. we've seen minute tree procedure. it's all been a big part of this funeral, hasn't it? been a huge part ah, and what a joyous and what a professional contribution the armed forces have made. i'm so proud of every man, a woman in the armed forces who's turned out to day and every one of them because as a professional soldier 10 days ago, ah, the news of her majesty's death would have reached them. a well thought through plans will have been initiated on i think the sheer intricacy of the security of mili

u. k. government seems to be pursuing at the moment. it's going to cost in the region all $45000000000.00 pounds in exchange money. that's about $45000000000.00, while not quite is about $48000000000.00, but you can see is the pound and the dollar come closer to parity. the difference between the 2 is negligible, and the labor party, frankly, doesn't agree with the way that the government is put in this forward. and by coincidence, we had a keynote speech today by quasi plotting opposite number. rachel reeves, she'd really laid into the chancellor's policy. that's here, a clip from that sterling is down. that means higher prices, as the costs of imports rise, the cost of government borrowing is up. that means more taxpayers, money will go into paying the interest on, on government debt and didn't turn. that means the cost of boring for working people will now go up to now the reality that rachel rate, rachel reeves laid out there was that as she described, the chancellor and the new prime minister let's trust. we've been in pilot less than a month early 4

cost of living crisis. after all, average families in the u. k. are desperate for support, lincolnshire in the east midlands of england. it's home to gary and natasha waterhouse. she has been needing around the clock here since a cancer treatment. he has quit his job as a cabbie to provide. gary shows us their utility bills. their costs have recently gone up from $36.00 to more than $200.00 euros per month for making plans of which rooms we can hate. at the moment. i mean, it might be a case of just where of blaring up. and then of say, having blankets around to keep warm on august 20 sakes, gary, found out how much more his cost of living could go up. that's when the government set a limit for energy providers. previously, they could not charge more than $2300.00 euros per average household. now the limit has been up to 4100 euros. hundreds of thousands of brits don't know how they will be able to pay the difference. many are already depending on food banks to get by. it is very, very fearful because you're just thinking about how you're going to

u. k. facing down a rapidly rising cost of living brought on by the leap and energy prices. the story playing out across europe with each country working out a different strategy to combat the crisis. our correspondence in germany, france, italy, and spain can tell us more. the german government has agreed on its biggest relief package yet for citizens and companies facing the pain of soaring energy prices. after tough overnight negotiations on the weekend, the coalition partners decided to help vulnerable groups, including pensioners, students and people receiving social welfare support. as well as energy companies that depend on expensive imported fuel. the $65000000000.00 euro price tag will be paid in part by a new tax on windfall profits being reaped by other energy firms that depend on cheaper fuels such as cole. and meanwhile, the tireless energy diplomacy of germany's economics and climate minister, robert ha, beck has succeeded in partially weaning this country off of russian natural gas. paris has now increased a fuel subsidy by $0.12 to $0.30 per liter. it has als

u. k. struggling with the cost of living crisis. more than 2000000 people in the country use food banks. and in t side, food banks told us they've been very busy. road called says the cost of gas has forced him to stop heating his home. he's well known in this town. he carries his dog everywhere. he goes, oh, sleep. i'm by him might weigh wilson la, cause the chain book. there are no shop to read into that. the only thing it own silly waste and gut, like most people's, he's been watching the media coverage of the queen's death. yeah. they spend a lot on when you're la they, i say i do have respect to where like bo, it's fake. is the cretan whitmore like as well. so you have that money? yeah. with the money and all at the, the clamped way a bit more people are small businesses in the town are also struggling. they're seeing fewer customers and this owner faces her own challenges. i'm an api trade myself for i can't thought to saw if kate buying books every, every month. and we, we can't go out for males and i have family who lives at

u. k. facing a cost of living crisis and storing energy charges in her acceptance speech, trust promise to tackle those challenges. head on i will deliver a bold plan to cut taxes and grow our economy. i will deliver on the energy crisis dealing with people's energy bills, but also dealing with the long term issues we have on energy supply. peggy math is our correspondent in london and joins me now. big and trust. inherits a country very much in crisis. what are the biggest issues she'll have to address? the most pressing issue for her is the cost of living crisis. britain's have seen real wages falling to historic low, and at the same time, inflation has been rising, its over 10 percent at the moment and there are some phone calls that are predicting that it could rise up to 20 percent in the coming months. so that's already for a lot of people are very dire economic situation. but on top of that, britain like other europeans, they are facing increasing energy costs. and this is due to the war and ukraine we're britain. this is subject to that, the high energy prices that other europea

u. k, soaring energy costs have left many of the nations cherish pods. fighting to survive the, the new struck a nerve, the dramatic rise of energy prices in britain could spell the end for 70 percent of all pugs in the country. for this little probably you serve high about 7000 pounds a year. and now the according to probably triple watching. so we looking at bills probably around $24.00 to $30000.00 pounds. prices for private households are kept even though in a high level. but businesses are, had been unlimited price rises by the energy companies, clark cannot possibly make that much money. was this little corner pub? so what will he do? i'm making lots of cuts out of some of the stuff that we do. of course, some of the prices are gonna have to go up and, and we can't put them off too much because of course, the, the squeezes hold for everybody. the more you put up, the less customers you have less money you have. but the end of this in other neighbourhood pubs is not just the question of sheer economics. the pub is his social hub for the community. a place to like make new friends a

u. k. vases, a cost of living prices, labor unrest, and soaring energy prices. earlier we spoke to our correspondent barbara vessel in london, and we asked her why the transfer of power has taken so long and what challenges await prime minister live trust in the coming months. yeah, yeah, it's taken to month and it was agony. people were saying, we have a zoom, the government, we have no government at all. where in the rest of europe at governments, we're getting ready and talking about how to, whether the energy crisis is what matters to take against that bar. johnson was sort of having one vacation off to the other and he didn't really care about. instead of doing his job and dining street anymore. so this process is really under tremendous pressure now to sort of keep up and very quickly try to prepare the country. this is already september. come october, a things will get a series and people and households he really will need help. 11000000 people are supposed to fall into energy poverty from the next months on, if nothing is done to really help them. so yes

u. k. facing a cost of living crisis, and soaring energy prices. and at the earlier i spoke to a correspondent barbara vessel in london, she outlined the biggest issues facing the new p. m. one. a big issue may be of the outgoing prime minister bars. johnson, who said, of course, everyone should says throw their support behind las trust. however he left was a slight insinuation of a possible come back. now if that's not a threat for his successor, i don't know what is however, list trust finds the country in crisis. they are the energy prices, which are absolutely exploding people and no matter for british people and know that they simply cannot afford them. the coming went. the same holds true for small and medium business businesses. thousands of them might go out of business. actually if these prices really come about, and then of course there's the national health service, all of us, it big problem of this country. but now actually close to write down 7000000 people on waiting list to be treated. $50000.00 jobs for nurses and doctors unfilled a

u. k. facing a cost of living crisis and soaring energy prices, rock and roll. for more of a spring in our correspondent barbara vessel, who's standing by in london, barbara list trusses, inheriting a country in crisis. what are the biggest issue she'll have to face immediately as prime minister? the biggest issue of course, is the energy crisis. prices are exploding. how cells are looking at if 3 fold increase at the new year, the beginning of next year. and it's even worse for small, medium businesses, because they might be looking at, increases up to 10, hold off what they've been at paying so far. so this is insupportable, as well for private citizens as a, as for bridge business and less trust, we'll have to deal with this very quickly immediately. now there is talk already in british newspapers about she might come in was a price freeze, and that means the government is moral as a, giving a credit to the energy companies. and that is going to be paid back over decades. whether that will be the are and so we don't quite know yet, but of course the pressure

u. k, struggling with the cost of living crisis. more than 2000000 people in the country use food banks and in ki side food banks told us they've been very busy. i called says the cost of death has forced him to stop heating his home. he's well known in this town because his dog everywhere he goes whistling by him might weigh ruth la, cause that she bought that last shot that you think it's a waste and got like most people he's been watching the media coverage of the queen's yeah. yeah. the spend the money a lot, that's the i have respect to like bull. it's like you've been a little bit more like as well. so money. yeah. with the money now at the clubs may i bit more people are small businesses in the town are also struggling. they think fewer customers and this owner facing her own challenges. i'm an arbitrator myself for i kind of thought to saw cape by and book subway every month. and we, we can't go out for males and i have family who live at a distance. and again, it's the cost of the fuel to travel up that to say then, what ha

u. k. face, as a cost of living crisis, labor unrest, and soaring energy prices. so let's bring in our corresponded berrigan mos in london for more. barragan's list trust is about to give her 1st a speech. as a prime minister give us a preview. what can we expect to hear from her? the sense of expectation is definitely rising here and downing street the hundreds of journalists under locked and has just been erected and she will make his speech within the next minutes. and i expect it to be mostly on domestic issues because you have to bear in mind she has been elected. and she has been inaugurated by the queen as prime minister. but she hasn't been elected by the public, but only by the conservative party. but so by less than a 100000 people. so she persuaded those people that she was the best person with in the cabinet to, to lead the part in to be the prime minister. but now she has to persuade the country that she has the plan and that she has what it takes for tackle to various crises that the country is facing. an economic crisis, the cost of living crisis. b

u. k faces a cost of living crisis, labor on rest, and soaring energy prices. her majesty the queen was kind invitation to full menu menu government. let me pay tribute to my predecessor. flora's johnson's delivered breck sit, the cobra vaccine, and stood up to russian aggression. history will see him as a hugely consequential prime minister. i'm all needs to take on this responsibility a to vital time for all country. what makes the united kingdom great is all fundamental belief in freedom, in enterprise and in fair play. all people have shy and grit, courage and determination. time and time again. we now play severe global headwinds coals by rushes of pulling war in ukraine and the aftermath of cove it now is the time to tackle the issues that are holding britain back. we need to build roads, homes and broadband pasta. we need more investment, a great jobs in every town and safety across all country. we need to reduce the budget on families and help people get told in life. i know that we have what it takes to tackle those challenges. of course, it won't be e

u. k. faces or cost of living crisis, labor unrest, and soaring energy prices. and for more let's go straight to london where i'll correspond barbara visally standing by. barbara, these are some pretty big issues. what's the biggest issue facing the new prime minister? she takes office the biggest issue without question is the energy crisis and british households and businesses, i was being struck by a 2 fold of 5 fold. even 10 fold rises in energy bills and they can not support that. neither the private households, not the small and medium business. so she will have to do something work here is that already a big package is being prepared to help people out to get them is through this winter air by ways off. a price fries that will then have to be the beautiful that will then have to be footed by the taxpayer over the next years. the details are not quite clear, yet obviously, her team is still working on all this. even though during the torrey campaign or for this job, she is wor, no handouts at all, she wants to do as low a texas. she can't get away with it.

u. k. energy cost and so on. but she also has a lot of hangovers from breaks. it's still to face that relationship between the you . can you not really improve, improve dot all since birth thompson took over. i mean how, how do you think she's going to tackle that very difficult. i mean, live trust made a deal with the right to know that when the keys, the downing street part of the reason you see people likes while abraham and jacob breeze mall in very senior positions in the cabinet. she's also very invested in a piece of legislation. currently working this way through parliament. no, no, no. the violet protocol bill but effectively takes the northern ireland protocol that was the central element to the withdrawal treaty. the u. k. find in 2019 and completely reformed unilaterally. that was her initiative. she's very invested in that bill. she said today in p. m q, that any negotiation with you is all going talk to converge on the substance of bob bill. i don't think there's a deal to be done between the you and the u. k. the to side the to report the big que

u. k. while the energy costs in britain have increased by 80 percent. the situation is already boiling over in some countries as mass protests against nato have erupted in europe, was citizens blaming their government actions for the economic fallout. in the chat for public, somebody 1000 demonstrators gathered and free to protest storing energy costs and to demanded and to sanctions against russia. they just not the free lunch sanctions will back lush sanctions have cost. the price of the sanctions not just imposed upon russia, is imposed upon off lot of countries as well, including european countries in our country as well on it. so we still all kind of sanctions are indeed directed against half a 1000000 citizens of you and against millions of citizens of the rest of europe. known him so well, the west ever learned from its own past actions and from leaders like by the mere putin blatantly telling them that russia's warnings are not to be taken lightly or will they be yet another example of the definition of insanity and continue doing the same thing