20 year low and revisiting parity with the us dollar. we'll take a look at what's driving down the euro and what's a store for the common currency in the coming months and dare to step. and one of these will show you the prototype of a flying taxi, who's makers believe it could soon be swarming above our heads. chris kolber, welcome to the program. could canada become a realistic supplier of much needed natural gas to germany? the question today, as the german chancellor shoals continues his visit to the country, prime minister just introduce greeted shots on mondays. country currently shifts all the a fraction of its gas and oil to the you. but most relaxed terminals for liquefied natural gas on its east coast. still germany hopes canada could free up some capacity for an elegy shipments in the short term now and green hydrogen theories. in the long run. i offered madison to know didn't make publicly any promises about

ellen gee, but said he would take a look at the possibility. we are in a situation in the short term where we will do what we can to contribute to the global supply of energy by increasing our capacities in the short term and explore ways to see if it makes sense to export l n g. and if there's a business case for it to export l, n g directly to europe, and that's something that economic conversation is going on between businesses in canada and in, in germany. let's bring in leon as mickey natural gas analyst at research consultancy energy aspects. welcome to w leon. so the canadian prime minister, very politely, they're saying if there is the business case for it, will these ellen g deliveries from canada to germany ever happen? i think at the moment with prices on the european benchmark,

the t t f at around 250 years and what all are, there's definitely a business case for really any export of natural gas to try and run for production and to export any available supplies into the european market, but that is something that is not really going to help europe in the case of canada . in the short term, you're looking at a lack of liquefaction capacity and terminals at canada's east coast on the west coast. when you're looking at this, which means that in the, in the media short term and also the medium term, there's not really any significant way for canada to provide. and then g to europe and germany in particular. right? i mean, there's a lot of open questions there. you mentioned the fact that there's no liquefied natural gas terminals on the east coast. add the fact that canada wants to scale back. it's carbon footprint anyway. so there's been the idea of canada increasing. it's ellen, g deliveries to asia, and the u. s. galli is scaling back. those in favor of shipping,

more energy to germany. does that sound more feasible to you? i think what, what this means is that it's in some years reshuffling of supply in a global balance. but when you look at the overall total amount of supply that is available for any gas consumer in the world, re on the, on the global scale, it means that the overall pool of gas is still unchanged. there's still the same amount of gas that is available for everyone in the world. it's the same size of the pie. so when you're looking at maybe the european market, but the overall amount of liquefaction capacity in the world is still the same and that won't help europe to actually size of the increase. it's allen g imports in the, in the short medium leon briefly if you could, how do you view the government's attempts? the german government attempts to secure alternatives to russian gas. so for well, i think overall the german government is as doing everything and can also when,

when you're looking at this working from a market perspective, really it is letting price a signal to the market. that there is an incentive for every producer to export as much goes into the european market as possible. which means that these high prices that we are seeing, they are working to some extent you are looking at sizable year, you're increases in energy supplies and european market. you're looking at norwegian production being maxed up. the problem with this is that obviously this is going to create and is already creating a significant burden on industrials across europe. and also, and consumers simply because the high prices need to be passed through. and that is going to be something that policy makers will need to grapple with over the coming months and years and at the analysts. leon is vicki. thank you. thank you. and now to some of the other global business stories making news added s. c. o. caspar ross, that will leave his post early next year and what both companies and both party say

is a mutual agreement. so for a replacement, hasn't a name. i didn't named week sales in the important chinese market for the change. russian internet search giant yaks will sell is home page and news aggregator site to state controlled rival v k. sale marx a dramatic shift in russia's landscape. indexes board of directors say the move is in shareholders interest, but critics say it for expands the criminal control of russia's media. the euro is under pressure once again, the common currency remaining below parity with the us dollar. as of midday tuesday, it's lowest value since the year. 2002, pressure on the currency has been mounting in recent months. more recently, russian stayed on for gas. prom announced it would again pause deliveries in its major natural gas pipeline. rattling investors, the your last look below parity the summer in july and gas from shot flows for

annual maintenance. and it's not just that announcement from gas from gas prices were already rising fast and recent days, driving of electricity prices and weighing on households and businesses. those rising energy prices are pushing up broader inflation fears. meanwhile, the head of germany's bonus bank said in an interview over the weekend that inflation could reach 10 percent in the fall. and then there's the strong dollar powered by interest rate hikes, which is also working against the euro. let's take a closer look at the matter with high k, yet this professor for international economics and berlin's h t. w university of applied scientists. welcome to the w, i get a lot of factors working here against the euro. and now russia announced hold gas applies for 3 days completely at the end of the month, how low do you expect the euro to fall in the coming weeks? oh, i have to say i didn't try to estimate that,

but of course we've seen the euro already at much lower levels against c, u. s. dora and the 200200122. so we would probably reach similar limit levels. but i thought really trying to get it, but we should be prepared to see the euro falling at the same time, i mean, the slump or this decline of the euro parts of it at least a seem inevitable. i mean, as long as the u. s. federal reserve seems at least one step ahead of the european central bank in raising interest rates. yes, and there are many reasons why this will continue. so we already have an interest difference between the u. s. and the european euro area buy more than 2 percentage points and financial investors rightly expect that this will even increase in the future. why this, as you have just said,

the u. s. has or the federal reserve bank of the u. s. has already increased interest rates much more already earlier than the european central bank. but there are many reasons why this might continue in the future. why that although we have rather similar inflation levels in this country, so to speak, us where 8 percent more than a percent of both countries. i'm the composition of the equation is different. i can receive this pressure mounting on the euro now and for the foreseeable future. how much does that say about the current economic power of the common currency area? it rather said, that's a, something about how attractive is it to invest in the u. s. into financial assets in the us versus financial s. as it's in your area. of course, it's a financial asset that implicitly also depend on the economic power of the 2 country groups. in the u. s. what is really different is 1st,

the recession risk you to guess delivery problems is less high then for europe. second in the u. s, we have much better wage developments and better in the sense that they're so high that they are a problem for the federal reserve bank. because that implies that in the usa are much more pacing it problematic price, wage earl. that can just continue going out and the european union, we don't have that to that extent. i get because i think it's the double university of applied sciences. thank you. thank you. not escaping the regular gridlock on the road by just flying over. it sounds like a plan to me and there are those that believe that flying taxis will be a thing soon among them are people at the german company, liam, which has come up with a prototype. it's to carry 6 passengers and the pilot where they range of more than

200 kilometers. take a look. this is atlas test center in spain. a very special aircraft is about to take off phoenix to the prototype of the flying taxi's of the future. that is developed under high pressure by german company. lilian. the startup is in competition with 100 other developers worldwide. all of which seek to be one step ahead in the approval process. either lucas, go be that a no use. every flight is a new chapter. legally, we say the test flying is like testing the boundaries also next limiting and then the next one also has to be ready. let's take a step back to the gate. phoenix 2 flies unmanned and is remotely controlled. one by lit 6 passengers and a range of more than 200 kilometers. that's how these flying dikes is aimed to compete with cars and chains, especially in urban areas, is been into no,

i'm an engineer. i understand the physics behind the aircraft to you when i stand next to it, i'll see it flying and i hear how quiet it is. and the way the whole team built it to operate safely. even for me, it's like a miracle. this looks like seizures when the time. another miracle william needs is to achieve the ambitious goal of making more than 5000000000 euros worth of seals in just a few years. daniel ligand has been heavily criticized due to these kinds of promises, but that hasn't damped v gans ambition on so long twisting in miss your, our long term vision is that we want to make regional flights sustainable light as well as making them accessible to as many people as possible, the prototype has successfully completed around 30 test flights in spin, and its software is still being adjusted in the beginning, only particularly val declines would be able to travel by this kind of air taxi. but wiegand is not alone. independent traffic experts say the sky's the limit for

more electric aircrafts, voice to me because it's too, let's wait and see. that's our show for now. for more checkout website at d, w dot com slash business or force the d w and use youtube chat. i'm critical of our billing. thanks for watching. have a successful day. ah . ah, with a,

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ah ah, this is dw, use ly from berlin. on the eve of independence day ukraine fears fresh attacks from russia. us intelligence says the kremlin plans to strike civilian infrastructure in the days ahead and the killing of the daughter of a close. putin allied prompts cold in moscow, full revenge.