saying there's no reason for consume making the opposition really main candidate or that'd be up to a junior is confident his boss you, anita, will win this time despite tensions a mid expected tide results. so far, the campaigns have been peaceful and that is all the news for now, coming up 6 months into its war, the toll it's taking on russia's economy. janelle de madonna has the details in business that's coming up after short break. you're watching a date of, of the news live from further and i'm anthony holland. from now, from main over here. thanks for your company with people and trucks injured when trying to flee the city center. more and more refugees are being turned away. families, please see the reason for the credit on its way located

demonstrate people's lean, extreme drought accounting, 200 people hassan from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, as ross shows, invasion of ukraine reaches the 6th month mark, we look out whether russia's economy has paid enough of a price for its aggression. also on the show, a 30000000000 dollar deal to help the chip maker intel compete with its asian

rivals. we get more from our correspondent on wall street and taking your calling you to the clouds will show you a prototype of a flying taxi, who's maker se is nearly ready for take off. this is the w business. i'm janelle dumas unwelcome as russia's invasion of ukraine passes the half year mark. the damage wrought by moscow has been incalculable. western powers had hoped the effect those sanctions would push russia to change its course. 6 months later, it's worth asking if the kremlin has been hit hard enough. the main life preserver for the russian economy has been energy prices. after february's invasion of ukraine, the cost of fossil fuels spiked and that cushioned russia against the intended impact of western sanctions. but even though high prices have helped keep russian

coffers fuller than expected, it's economy is forecasted to contracts by more than 4 percent this year. the russian government is trying to shield average citizens from the impact of the sanctions. for example, the state has raised pensions and the minimum wage by 10 percent major employers like number one lender spare bank, and the gas giant gas prom raised salaries in july and emergency capital controls helped strengthen the ruble by more than 25 percent this year. while russia has been able to stave off economic collapse so far, inflation could weigh heavily on the economy and consumer sentiment. official figures, a show. the cost of consumer goods is up almost 11 percent so far in 2022. as winter approaches in the northern hemisphere, the current energy crisis could lead to more tit for tat responses between russia

and europe. for a more, i'm joined by maxim narrowness, professor finance at the i e. business school in madrid. maxine, let's pick off where that report left off. how does an ever escalating economic war between russia and europe look like? ah, national economy is much worse than a 6 months in goal thump in the cities already, you know, but it, but shape like called the morphine, the see, the decline in production, the warsaw, 10 times airline industry is basically bet because all international flights are stopped and what is no spare parts for airlines and international toys, adams, and to show them all industries, but there are from the economy of us not damaged enough for pointing to

stop the war. and one of the main reason i said to put in continuous to receive for future all and gust revenue, especially from the unit the union. so you want to have the russian economy, it's much worse than 6 months ago. it's still not so bad in terms so far as the beauty of putting to pardons of war. but surely a lot of this damage will be lasting and will be very difficult to come back from. wouldn't you agree? ah yes, until porton and his resumes who power is, he'll be in portion bull odd to grow or he went to the store as a barrier february estate of the economy. because russia voss capital from the international trade and to lot of factories, soft, heavily dependent on the racial plate, like pretty much in every campaigns of all like germany,

also very much dependent on international tate houser. the difference is that i show the people that he doesn't have almost any on technology on its own. so it's very dependent on the plate. but again, the issue is that it was cars, but it's not enough. so because a lot of people compare russian economy, enter russian society of the west. if one's a west, you half inflation of 10 percent and ha, gas price and land is your price by 3040 percent people. are you re scare and people demand from politicians loosened up as a society is not i'm and just said it's i did doesn't leave in their democratic world. so putting so much more power to press russian society by declining in the authentic slide live by 1020 percent of results that he's cove major. a major out is east and so this is a different so i think people in the west all were estimated there threshold to

wind rush and people start to r. revolt against them are put in place. are a lot of this was unpredictable. thank you. maxine, there are enough professor of finance at the i e business school in the trade. thank you for your insights today. intel corporation and canada's brookfield asset management have agreed to jointly fund up to $30000000000.00 for the us chip makers, arizona factories that will help intel bring more of its chip production on shore. brookfield will invest up to half of the toil to take a 49 percent stake in the project. but intel will retain operating control of its 2 factories that make advance chips in arizona. turning now to our correspondent, teddy austro and new york teddy. the aim here is to retake market share, especially from the asian ship manufacturers. will this allow intel to do that?

bo, this short answer to now is probably not. yes, this is quite big for intel, which is angling of course, to be a top manufacturer of some of the most high tech sunday conductor chips, which those spots are taken by many asian manufacturers. specifically, t s am see anti one and samsung. now intel, at the same time, is likely going to get a large slice of the pie that pi being a chip spill that was passed in congress. that's $50000000000.00 going into domestic manufacturing and research. but we're going to talk about state funding. we have to talk about state funding in asia and places like taiwan in korea, which i've been spending big for years and are going to continue spending big. so it may be hard for intel to catch up so quickly. they probably need many more years as well as many more billions of dollars. so it sounds like intel is still outgunned in this respect,

but especially supply chain disruptions have also given in tell a rough time. are all these big plans at least indicative of a bit of a reversal unfortunate for intel? well, it's pretty unclear right now. not only for intel, but for the entire industry. we're looking at both chip shortages as well as chip gloves, trip shortages for the auto industry, for example, caused by supply chain disruption. but also we're looking at gloves where inventories can't be sold down, and this is hurting manufacturers as well. there appears to be demand falling for items like phones for gaming console for p c's. all this requires trips now intel certainly got hit by this trend. the day posted earnings recently that were way lower than expected. really shocking walls. and now they said they were cut capital spending by billions of dollars. so for the entire sector, it appears that the boats are rocking and it's not clear where the wind will blow

lots of sailing metaphors from teddy austro. thank you so much. escaping the regular gridlock on the road by just flying over it. there are those who believe taxes will soon take to the skies. among them are people at the german company, lilian which has come up with a prototype. it can carry 6 passengers and the pilot and has a 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 taxis 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. yet if lucas be didn't know use every flight is a new chapter. even if 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. it's lifted. we're take lead by 36 electric rotter's like a june in the air. liam's founder daniel vigour and promises that his flying taxis would already be commercially operational in 3 years. 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. it's been into no, i'm an engineer. i understand the physics behind this aircraft is 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 the shirts with 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, vigour and has been heavily criticized due to these kinds of promises. investors ran away from lilian in droves and the initial public offering in the stock market was a disaster. but that hasn't damped v gans ambition. on so long twisting and miss you are 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 with the electricity and the electric propulsion technology is especially well suited to this purpose because it lowers the cost and both maintenance and the initial purchase, compared to a kerosene powered aircraft. as talking to an shuffle. the prototype has successfully completed around 30 dest flights in spin, and it's 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 skies the limit for more electric aircrafts

boys to me because a $75000000.00 super yacht linked to a russian steel deleon. her has been auctioned in gibraltar. it's the 1st sale of its kind since the russian invasion of ukraine. the luxury yacht was impounded by gibraltar authorities in march after us bank, j. p. morgan said its alleged owner dmitri pump janski's own a lot of money. his assets were frozen by the u. k. and the e. u after the invasion. that's our show from our checkout d, w dot com slash business, and the d. w. news and youtube channel. thank you so much for watching. hunting down, we have smugglers in south africa and there are billions to be made that humans are highly protected. and in high demand throughout europe and asia,

coaching has placed 80 percent of the species under threat of extinction. is there any hope left for the delicate ecosystem? 3 next on d, w. oh to oh, or not to own. what about a sharing economy instead of a change in thinking is changing the economy to create something new the economics magazine made in germany in 60 minutes on d, w. ah, in

that is a journey across the entire continent with a variety of cars. so what on this, so the focus, the movers, shake of visionaries and made as when by the, the meaning of modern africa. this is, that's an egg on d, w o. d, up to date, don't miss our highlights. the d w program online d w dot com highlights ah, ah ah, welcome to label 3000 getting the ball rolling on rain 1st protection the for the gold mine a turn.