in the summer, in an open air festival that has never been a tried before. and i think it's interesting because i think it really shows is a signal not just for the german film industry, but for the world film industry that maybe things could get back to normal. now, cinemas, i was trying to reopen around the world, and this is the 1st sort of really big public film festival we've had since the start of the corona pandemic. hopefully this is a sign that things are only going to get better and that movies are back. yes. so what go wrong for about another steven base a has your business updates next more worlds. a news at the top of the good news. ah ah canada and in the end, if you are not allowed to see you anymore, we will send you back. are you familiar with these lions? what's your story. ready with women, especially

a victims of design and take part and send us your story chain. always understand this new culture. so you are not a visitor, not against you. want to become a citizen info migrant. your platform for reliable information. ah, the us moves one step closer to a quarter of a trillion dollar industrial spending package. so is it a step back from the ideal globalized trade? as the u. s. tries to compete with china's own tech ambitions and it's big spending . also on the show, volkswagen settles with former executives in charge of the company during the diesel emission scandal. but the follow up from the white scale fraud is still

ongoing. and paris is relaxing its pandemic restrictions as the city fame restaurants open their doors to indoor dinars. hello, welcome to the show i'm sitting busily in berlin. with us has taken a big step toward spending package meant to boost the nation's competitiveness with china. in areas such as semiconductor production and artificial intelligence, the senate passed a $250000000000.00 version of the bill with support from both sides of the aisle. suggesting that the politically polarized us concerns over china are unifying. on this about the a's or 68, the nase or 30 to the 60 vote threshold having been achieved. the bill is past bipartisan agreement this re these days in the halls. but on this bill, republicans and democrats came together to boost the u. s. ability to compete with chinese technology, which as a percentage of g d. p,

we spend less than half as much as the chinese communist party on basic research. we rely on foreign nations to surprise credit supply critical technologies that we invented like semiconductors. indeed, the u. s. global market share of semiconductor manufacturing has steadily wrote it from 37 percent in 1990 to about 12 percent today. and recently, a chip shortage has exposed vulnerabilities and the u. s. supply chain. the center piece of the new bill is a $50000000000.00 investment in semiconductor development and manufacturing. there's also $29000000000.00 to establish new directorate, focused on artificial intelligence and quantum science with the national science foundation and $52000000000.00 for research programs. they are over all the bill calls for investments of about $250000000000.00 with most of the

spending occurring in the 1st 5 years in a major effort to decrease the u. s. dependency on chinese products or a quarter is our financial correspondent in new york. let's bring him in for more on this yet. it's good to see you. you know, in recent decades the u. s. is really shy away from providing government support for certain industries. is this era now at an end? it definitely marks a big shift. i mean, we have to wait also for the house of representatives to approve, but it seems to be pretty likely that we actually might for change the, this bipartisan support. if you look what happened in the past couple of years of federal spending for research and development was less than one percent of the grid to mystic product. and that was the lowest federal spending for the industry if you want to put it that way. basically since the moon landing, so since the 16th,

and it's not just this plan that the biden administration announced that we also have those $2000000.00 infrastructure packages that are also set on the sidelines. so yes, so the button administration really seems to make a big step and make a big change when it comes to government involvement in the industry and in the economy overall. you know, the ideal of globalized trade was that every nation basically focuses on an area that doesn't overlap with some other nation. and thereby there's efficiencies that are created in that era and out, and at an end, as the u. s. tries to compete with china in some of these same areas. well, clearly it will take some time to globalization and globalization is to stay for a certain degree. but having that said, yes, there's also a shift, not just from the me on the and i did states,

but from other nations and regions as well, to actually be less reliable, especially when it comes to the supply chain. and in se, asia, i mean, we've dealt with those issues for so long here in the united states, even besides that ship shortage, for example. they're also ideas, for example, to start mining of lithium or ra ers here within the united states. that won't be entirely easy with all the environmental protection because concerns that are also part of it. but yes, it's a key tendency that countries tried to produce as much as possible within their own borders. and this is not just us, if anonymous or a quarter or financial correspondent in new york. thank you very much. staying in the u. s. a new report there says that several of the richest americans paid no income tax. and recent years,

the investigative journalism unit pro public us as it seemed tax returns, showing that amazon chairman jeff bases for example, made 0 payments in 2007 in 2011. while tesla ceo, ellen must paid nothing in 2018 others who had legibly made no income tax contributions at some point in recent years. include a former new york city mayor michael bloomberg and billionaire finance here george soros. republica has not said how it obtained the confidential data. all right, let's take a look at some the other business stories making headlines. joe biden is withdrawing a trump ban on new downloads of the chinese owned. we chat and tick tock apps. instead, the commerce department will undertake an evidence based review of potential security concerns. the trump administration claim that u. s. users data could be tapped by chinese authorities hosing a national security threat. chilly has just thrown the switch on latin. america's

1st ever thermo solar energy plant. in the talk, desert spread over 700 heck tears thousands of mirrors focus on light onto a 250 meter high tower. molten salts and a receiver, a top the tower absorb heat to power a steam turbines generating $110.00 megawatts of electricity. julie aims to become carbon neutral in 2050. go no issue. nobody is. salvatore has become the 1st country to adopt bitcoin as legal tender, while makers in the central american countries congress passed the bitcoin long prices can now be shown in the crypto currency. taxes can be paid with it. they will not be subject to capital gains tax. volkswagen has settled claims over damages related to the diesel gate scandal with former executives leading the company at the time. they'll now pay the car maker total $288000000.00 euros. most of that will come from executive liability insurance is, but the bosses are also on the hook personally x,

the martin winter coins, the tune of over $11000000.00 euros. the former audi boss, rupert statler with over 4000000 volkswagen says both men fail to fully and swiftly clarify the use of a legal chief software in diesel engine sold in north america from 2009 to 2015. the diesel gate scandal has cost v w whopping $32000000000.00 and find legal fees. and vehicle re fits. we asked our financial correspondent frankfurt. chelsea laney . it. this isn't just a slap on the wrist for someone like once a quarter. this is been described as a record settlement for an executive of a german company, but it certainly pales in comparison to the more than 30000000000 euros that volkswagen has had to pay out itself for the diesel gate scandal. initially, volkswagen was reportedly seeking about $1000000000.00 euros from winter corn and other executives, and that's the amount that bill so i can believe they would have saved if these executives would move faster after hearing about the allegations of shooting at the company. volkswagen has really been trying to put duplicate behind them. they've

been making a lot of roads into electric vehicles. but the diesel gate, kendall, is certainly far from over a winter point today was also charged and berlin with lying to a parliamentary committee, he also was facing a criminal fraud case in september as well. there still thousands and thousands about getting lawsuits from investors from customers, and these are likely to spend on for years. finish correspond. chelsea delaney, there. paris, the city of lights felt a little bit lighter on wednesday. the city's famed restaurants opening once again to indoor diners. falling a pause of 7 months through the pandemic, diners are keen to be back and restaurant owners eager to make up what they've lost to look. this restaurant manager in northern paris feels he's moving one step closer to normality. he's finally allowed to welcome guests inside and use his terrorist at full instead of in the half capacity anyways,

although i normally when it's raining, we can let our lines sit inside of your in corona virus restrictions, we have to turn them away. now we can stay open until 11 pm, which means we don't have to rush our clients. the restaurants turnover plummeted by 65 percent over the past year, with a loss only partly made up for by government subsidies. the direct hopes the cafe would soon be running at full speed again, because travel restrictions are also easing the so many of our clients tours that fills the gap, left our regulars who leave the area during the summer holidays. with our tourists, we won't have much business from mid july on them. parisians are delighted to regain their freedom, but they also feel slightly wary. shot the shape of the judge in here is pressure. the sun outside is getting really hot. there's less and less noise as outside. quite a lot of traffic. we don't know what the country muslim,

i'm christian. i feel like i'm alive again and can take up my habits. but i hope people will keep sticking to certain safety rules. this is a very lively area, especially at 90 as wow, the actors, cultural venues and shops are low to let in more customers. timms and sports clubs are reopening under certain conditions. more restrictions are to be lifted in the coming weeks is toby infection? numbers allow for it. the government has put more than 200000000 years on the table to get companies through the crisis. these emergency support measures will now gradually be faced out. hope is that the lockdown will have been the last one due to the cave at 19 pandemic. and finally asked, and martin has unveiled a limited production of $25.00 of the iconic james bond sports cars. which 1st while the world and the 1964 film goldfinger, the gold finger, d b 5, continuation is a faithful reproduction of

w 7. aston martin made at the company's factory near london. the original home of the d. b 5. the cars come complete with the standard secret service gadgetry, including machine guns, fake, of course, switching license plates, smoke emitter, and of course in telephone, there's no ejector seat, but it's still a bargain at nearly 3 and a half 1000000000 euros. pocket change. alright, that's it for me and the dw business team here and lead as always find as online d, w dot com slash business and seem good. thanks for watching. ah, future wars, w richard walker explores the evolution of digital warfare, making military law more efficient, deadly decisions. those with the best algorithms survive.

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we are not afraid to capture and then africa population. if we don't, people clearly have the solutions, the future, you know 77 percent now every weekend on dw, the me the time now for arts and culture and coming up, no mission is impossible for claim nations sensation, victim as well. take a look behind v as high speed scenes at the filmmakers paris studio. and the wonders of major german filmmaker young huffed homes in on his home country

in breathtaking time with the arts and culture focusing this time on film and fatah.