A 40 centimeter reference level thats getting close to being on passable and from wellness. Lets go to ashatash pan day. Our correspondence standing by the river rhine in bon areas. Ashtosh. It looks like its pretty far from where youre standing. Give me some reference for how low we are right now. Well steve, im standing not very far from the middle of river right now, just a few weeks back. I would have been under water just to put things there. In plain words, i would have been under water, but below me right now you can see the river bed, or you can see pieces of so stones, rocks, wood, all exposed now. And on the other side, what i can explain what ive experienced in the 4 hours that ive spent here is that the number of ship that usually would go on this sir river have actually come down drastically. So ive just seen a handful of ships or sale by in the last 4 hours and the ship that i actually sailing are actually going, carrying much or less a capacity that they would usually do the fact that theyre carrying these lower capacities. What ramifications does that have for these businesses upstream trying to get their goods for the c . Miss will see. So the last time water levels were at these levels in 2018, it caused the German Economy 0. 4 percent around fi of some billions of dollars. But this time around for the thing it could be worse. Given that, not only supply chains would be disrupted, but the ships also carry coal, these are diesel gas oil. And thats actually very important during the Energy Crisis that youre facing at this point in time. So electricity prices would go up and that would actually be a double whammy for the economy. Ah, as far as the companies are concerned, they are actually better prepared december around having dealt what their faces lost around in 2018. The better prepared the better or stop by right now. And i knew Companies Like b s f, d, i actually ordered a custom ship, so ships with lower drafts. So thats what were surf toussant group. They are doing that. But uni bought. The utility has warned that it may actually have to cut output the 2 of its core plants because much of its cool actually comes out through, right. So thats going to be something to watch out for. If the water levels do not go higher from hill. So this is something that companies have already too adapted to, to some extent, but Climate Change means are probably going to have to adapt. Would even more, are there alternatives to the right or will they just have to rely on increasingly lower and lower river sweats even so it has become unpredictable. Right . So this was some, a predictable mode of transport, of bedrock, of indian nerd transportation. But it has become unpredictable to what are the options in the current environments brain. We know the face of the real system in germany faces from faces chronic congestion, then trucks at the option but trucks, one average budge. For one average box, you would need 110. 00 trucks actually carry the equivalent amount of goods. So thats not possible in germany at this point in time, given that there is a major shortage of trucks with 80000 or so drivers a shortfall of 80000 or so divers. Right. I should touch plenty and bond on the river. Ryan, talking about the typical trade off right now as the water level sinks. Thank you. Will. Spain is also in during this, especially hot european summer. Its already experienced to heat waves with temperatures over 40 degrees celsius, turning on the air conditioning is an option. However, at least not officially new rules in the country limit energy use and that makes it harder to keep who businesses are adjusting their temperatures and shutting their doors. This is to keep in line with new regulations set by the spanish government, which aim to meet recent e u Energy Agreements to limit dependency on russian gas. If we have to comply with the agreements we have reached and brussels and his solidarity Retail Stores and offices are not permitted to set air conditioning units below 27 degrees celsius. Doors must remain close to contain the cold air and lights in shop. Windows must be switched off by 10 p. M. Reactions are mixed. Some shoppers dont seem to mind the change. Your lot of us hello alien. The truth is that i see it as a good thing in our universe that the doors are opening a store. I dont know, its true. They are going to enter a store whether the doors open or not. But store owners and employees arent so teen. Go see, we have what it is. Its going to be impossible because now were at 18 degrees inside the ice cream parlor. If we go up to 27. 00 degrees, we are going to be sweating all day. We wont need to go to the gym to free, just give out a lot of heat and the customers are going to complain. Nobody is going to come in as temperatures rise in one of europes hottest countries. So does the pressure for everyone to do their part . Lets go down to some of the other Global Business stories making headlines. Britains economy shrank in the 2nd quarter sharpening fears of a recession. Official figure showing a 10th of a percent contraction for the period between april and june. The u. K is widely expected to enter recession before years and cost of living is skyrocketing in the country due to soaring energy prices. Oil and cash could soon be flowing again through the jewish by pipeline. The European Bank has agreed to process the russian transit payment ukraine after a week long hot oil deliveries. When confirmed by all parties, oil flows will resume to the czech republic, paving away for a process for future transit payments to central europe. Lets go over the age of 4 months after defaulting on its foreign debt, sri lanka is still piecing together a survival strategy. Its currently in discussions with the international mater, monetary funds about a bailout. But real debt belief also means approaching its biggest creditor. China big crowds and long lives here at the soup kitchen issue, lancoste, capital, colombo, theyre waiting for a meal. In recent months, food prices have exploded. Inflation is more than 60 percent into South East Asian country. Even people who used to be comfortable now come here to get a hot meal. We cant imagine how desperate some people are that they are crying and come here asking for food, saying they are very hungry. They asked if they can have at least a small portion of food because they are so hungry. Sometimes when they come, when the food has almost run out, but we still give them whatever li dilemma we can for them. Food is cooked over of wood, fire. Oil and gas are scarce and expensive. Still anchors bankrupt. It can no longer afford to import energy. The island nation is particularly in high debt to china. In the past years, beijing in west have billions in her locker lows are costly, and now the notice are coming due. A repayment over our close to 1000000000. 00 is falling due this year. And weve asked, and weve talked to china about the possibility of providing another loan in order to repay these, these sumps. And this is still under discussion. There are long queues at the gas stations, too. Many courier dryers are desperate, since they cannot get enough gas to earn a living. The World Bank Estimates to show lunk in economy was shrink by up to 8 percent this year. Khatri lanka get back on its feet without the debt relief package. Its a huge, unknown much depends on if and how china would accommodate the island nation. And for more or less of joy now by Party Associates serve on a motor. His executive director of the sri lankan think tank center for policy alternatives. A party thought he thank you for joining us for months after this default. Is there any sign that sri lanka is getting closer to a rescue plan . Well, i think the, the queues for fuel and gas are sort of slowing up and that, that theyre not as long as they were before. Ready there is some hope that we might get a staff level agreement with the i m f by the end of the month. But as your section earlier on indicated, we need to get the chinese to come on board with regard to taking a half cut. Because i think one of the im, if conditions will be that every creditor has to be treated equally. And that would require that the chinese to take a hack. But apart from that, although the full situation seems to have east sub broad, there are still problems with regard to people getting 3 square meals a day. Or, you know, getting adequate for electricity. Prices have been raised by 75 percent. Inflation is skyrocketing. So people continue to bear a tremendous amount of hardship and they hope and pray for relief. But the one thing that has happened, of course, is, is that the out of the earlier, the struggle that was out daring boldface in the center of colombo and in the rest of the country that seems to have abated. When i ask you um, going back to china, you talked about a haircut, of course, meaning debt relief, specifically from them. Theyve been hesitant to provide that in other situations like in africa. Are they poised to provide it in sri lanka . Do you think theres a better case for them actually coming to terms with sherlock one hope. So because the way is the whole debt relief, restructuring package is going to be prolonged if not derailed. I guess the reason for the chinese reactance is that they will have any number of other countries lighting up on their doorstep, demanding the same treatment. You know, so its not just the st specific consideration. The chinese have to take into account, but we do have to negotiate something. I can get that out of the way because that is basically a potential spoiler to that relief. Ethans. Alright, park, yes. So to serve on a move to with the center for policy alternatives in colombo, thank you very much. Thank you. And he is a reminder of the top business story were falling for you at this hour from an industry is facing down a drying up river. The river ride is reaching historically low levels and could get even worse. The cobb choke point near the city of mines is nearing 840. 00 centimeter reference level during an unpalatable level for river barges. And thats it for me and the dw Business Team you can find out more about these and other business stories online. Check us out at d. W dot com slash business were also on you to check us out on the d w news channel. Im seeing beardsley, thanks for watching. Ah ah, with india. And theres a lot of the transition to green energy, a World Without lithium ion battery imaginable. But good concept for recycling and reusing. Pod locking to indian start up and their ideas for used energy storage. Building 30 minutes to w. O. Oh, i thought its a journey across the entire continent. Its a variety of cars. So what on this so well the focus, the move and shake is visionaries and majors when binding the meaning of modern africa. This is an egg on d w. Nico hes in germany to learn german pollution pinnacle. Why not learn with him online, on your mobile and free chef. T ws e learning course eco speak . Mm hm. Oh, this is dw, is alive from berlin. Another attack on europe, the Biggest Nuclear power plants moscow, and keep accuse each other of shelling. This Operation Nuclear facility as the un warns of a potential disaster. Also coming up on the show, germany suspends its mission in molly, the Defense Ministry says the