it's linked to him. kiss the scandals fault mass protests when it 1st came to light in 2015 land was a key factor in his shock election defeat in 2018. i accept the verdict of the people while the latest ruling cement the ex prime ministers. dizzying fall from grace with 4 other trials underway. his legal woes of far from over there. up to date this, our stay tuned for dw business and married every steam for me and the team in berlin. thanks for watching music. 50 years ago. the international gathering of peace and cooperation becomes the scene of a horrible tragedy. arab terrorists, armed with sub machine guns, went to the headquarters of the israeli team and immediately killed one man. and

that is really the last time i saw him life or worse, fears realized tonight, they're all gone out. i witnesses experienced the terrible events and this, the world should not forget the loan shuttle. the 1972 olympic massacre starts september 3rd on d. w. sometimes the best thing shall ride out at you out t v highlight some fresh in your inbox every week. knock them out. and ah, as rashaw 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 chip maker intel compete with its asian rivals.

we get more from our correspondent on wall street and taking your commute to the cloud. well, 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 on. welcome. 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 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 max and neuron off professor finance at the i e. business school in madrid. maxime, let's pick off where that report left off. how does an ever escalating economic war between russia in europe look like? ah, rational economy is much worse than as 6 months ago. ah thump in the thirty's, audi innovative, but shape like called the morphine. the see. the declining products in the warsaw 10 times our airline industry is so basically in debt because all international flights are stopped and our, what is no spare parts for airlines and tow international to isms and tar ah. i shop them all industries bought on xerox, and economy of was not damaged enough for putting to stop the war. and one of the

main reason i saw a set up put in continuous to receive for future all in gust revenue, especially from the unit been unions. so he went to the russian economy. it's much worse than 6 months ago. it's t will look not so bad in germs so far i was a beauty of putting to peninsula, but surely a lot of this damage will be lasting and will be very difficult to come back from. wouldn't you agree or yes until 14. and his vision was who power is, he'll be in post bull odd to grow or he went to restore a barrier february estate of the economy. because russia voss kept all from the international trade. and to lot of factories sat heavily dependent on the initial plate, like pretty much in every campaigns ago, like german l. so very much dependent on international faith ausa that the

difference is the rush of 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 and fashion, society is a west. if one's a west, you have inflation of 10 percent and ah, gas price and manage your price by $30.00 or 40 percent people are you re scare them? people demand from politicians loosen russia. society is not there. so it's, i did doesn't leave in their democratic role. so, put in for us much more power to pres, throttle society, by declaring invest in his life live by 1020 percent result that he's golf. major or major out is eastern. so this is a different so i think people in the west all work is to make it there. threshold

to wind, rush and people start to revolt against opportunity to be fair. a lot of this was unpredictable. thank you. maxine, they're enough professor of finance at the i. e. business school in madrid. thank you for your insights today. intel corporation and canadas. brookfield asset management have agreed to jointly fund up to $30000000000.00 for the us, chip makers, arizona factories that will help in tell bring more of it's 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 correspondence, 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 pie 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 wall street. 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

plots 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 taxis 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 that of no use, every flight is a new chapter. even if we say the test flying is like testing the boundaries. also

next limiting syntax and then the next one also has to be ready. let's take a step back. 32. again. it's lifted. we're tick, 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 taxis aim 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 is look, folks, he shifts 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 and drawers 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 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

boys to me because a $75000000.00 super yacht linked to a russian steel billionaire 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 you to channel. thank you so much for watching the in good shape. the right perspective to carrots, hell, enter moment is bad for your eyes. thought can you do to improve your eyesight?

look at modern therapies and everyday me a what about healthy eyes? a good shape? next, d, w. images that have been etched into memory. an unleashed moment gives free reign to its hatred of everything, for the 30th anniversary of the rostock riots and their legacy. how could it come to this, the biggest racist attack and toes through germany? foreigners out, close up in 60 minutes on d. w. o. nico, germany, to learn german pinnacle, why not learn with him?

t w's e learning course, eco's fake. on this day it's been 6 months since russia started on the 1st of the talk on the summer and main, but on you crate. we are here. we talk to people on the ground, to politicians, we said light events and that consequences 6 months that have changed ukraine on the world, on all platforms brought to by g w ah, our eyes are often cold, the windows to the soul. when we feel connected to some one, we look deep into their eyes. they can supposedly also help us tell if someone is being honest with us.