returned after the covered 19 pandemic, extinguished the traditional event for the past 2 years. running log was in tourist, this is what they do. they pelt each other with tightly rolled rags drenched in gasoline, love the environment. pat participants wear gloves and masks, and a further knock to safety. police also try to make sure that no one taking part has been drinking too much. local legend has it. the event commemorates the eruption of a local volcano in the mid 17th century. enjoying the view and come take a look at this tv highlights every week in your inbox, subscribe. now. i, in many countries, education is still a privilege. hummadi is one of the main causes some young children work in mind. jobs instead of going to class others can attend classes only after they finish working with millions of children,

all over the world can't go to school. we ask why? because education makes the world more just make up your own mind. d. w. made for mines. oh, the chips are off the table, the united states bonds, major producers and video and am d from selling high and processors to china. we lost our correspondent, wants behind the move of the coming of the success of germany's 9 euro train ticket in fires. other countries to follow through, so we'll look at how windfall taxes are providing relief to citizens. and as energy prices for one business in italy has come up with an innovative way of

cutting call with those hampering production. this is did only business. i'm kate ferguson. thanks for joining me. the united states has ordered 2 of its largest chip makers to stop selling high and processes to china and russia. the restrictions target and video and a m d 's top a computing tips used for artificial intelligence. the u. s. department of commerce, as the move is intended to limit the spread of technology used to make weapons. it means that chinese and russian companies won't be able to access products, enabling sophisticated image and speech recognition used in warfare. let's talk more about this with d. w. financial correspondent, teddy, also in new york. ted, you good to see, you know, this isn't a bar on all tift, but on certain kinds of processors. what kind of capabilities do they have? are they really used in warfare?

yeah, well, these are really high tech ships. typically, they are used for artificial intelligence, as you mentioned, more specifically, machine learning, speeding up those processes, image face recognition. it's used for all kinds of things, and yes, they can be used for military purposes. the united states certainly purchases semiconductor chips for that reason. china does to, the concern here is the ambiguity between the private and state sector in china. there isn't as much of a hard line as there is here in the united states. but really these specific ships and they're quite new. one of them came out on the market 3 years ago. one of them hasn't even been export to china yet. so as for whether or not they are being currently used for building weapons that's really unclear. okay, so how much do you think this will hurt chinese companies on online? i do you think beijing will retaliate?

well, ai, artificial intelligence is a strategic priority for china that they've invested heavily in part of the issue that china is heavily dependent on us chips. so this is going to hurt china, it's going to do some damage to the private sector. specifically alibaba, another company 10th. and they heavily rely specifically on it and videos, chips to, for their cloud services which are very widespread. so we can expect some damage there to put it in perspective in videos revenue, well about a 4th of it comes from china and hong kong, so that to tell you something. now, as for retaliation, the united states certainly as escalating the tensions here. china, however, does really rely on these ships, as i've mentioned. so we'll just have to wait and see. this was somewhat of an unexpected move by the united states. okay, so it could be a long game. teddy auster in new york. thank you very much. that here in germany,

measures to reduce travel costs, including and much loved $9.00 euro monthly public transport ticket have come to an end after 3 months, along with a reduction in fuel tax. the policies were aimed at cushioning. the impacts of rising petrol and diesel prices. the approach to handling the knock on effects of the war and ukraine has had a president for other european nation among them in spain, which is interesting think free monthly rail passes for many routes around the country, funded by a levy on axis profits, otherwise known as a windfall attacks. now we'll learn more about how the policy is going down in spain in a moment. but 1st, let's get an explanation of what exactly a winful tax is and how it works. we asked alex, coping from the tax justice network to explain. yeah, absolutely. and you know, when full taxes are about taking a bit of the money back from companies or the making completely excess profits, while the rest of the economy is suffering in order to fund some relief during that

moment. so it's a long term policy. but for the short term, when we really need it, it's pretty much the best option that we have. so let's head to stay now like so many other countries, it's been battling soaring inflation. now the socialists lead government is hoping to cut living expenses and encourage more people to take public transport by providing them with free monthly, possible for all local and medium range inter city. but it's, it's part of a 9500000000 euro aid package, partly funded by taxing excess profits that see what commuters have to say. at madrid's grand 19th century torture railway station, 26 year old jennifer bernard king tawna and her sister became the happy owners of travel passes. she says it will save her around $80.00 to $90.00 euros a month. i was out a bit of money and i would like it to be permanent because it would make things less expensive and we can move around more. what good,

what if anything that benefits citizens is good. of course, in terms of the economic and political situation, it helps for us. it's a huge benefit and we're thankful for that is when get on, man, if you're almost half a 1000000 people have already pre ordered the free transport cards and state own railway operate ran for expects the scheme which runs until year end to result in $75000000.00 free railway journeys. it will cost $221000000.00 euros. and as part of the latest aid package to mitigate price rises. now to some of the other global business stories making news. germany is planning to lisa 5th, liquefied natural gas terminal. the floating storage and re gas if occasion facility will be located in finance hoffman. it will be able to process 5000000000 cubic meters of ellen g per year and will be ready for youth in the winter of 2023 . dozens of delta airlines pilots are demanding better pay and conditions.

pilots went on strike and picketed in front of airports in chicago, atlanta, dallas, and 10 other major us hubs. the demonstrations come just ahead of labor day, typically a very busy holiday weekend. and in a similar vein, lufthansa says it's counseling $800.00 flights offers pilots and i have a strike for friday. the pilot, the union says it's seeking a 5.5 percent weight increased by the end of the year, automatic adjustment for inflation and changes to the pay scale. now on brazil, central bank a 9th, 2 years ago that it was launching a free electronic payment system called picks. many people had no idea what it was talking about. but now this type of transfer exceeds the number of credit and debit card transactions. brazilians use pix tens of millions of times a day for paying rent, buying groceries,

and even giving money to the less fortunate shaw club dino desousa is and housed and earns is living on the streets of sao paulo. on many occasions he is forced to ask for money from passers by and drivers. he's been receiving less and less cash, and more transfers via picks, america would receive before it's very easy for every one. even a homeless person can use picks because it's not something difficult to get. a walk was picked in life is proper. so the vocal real problem, although the electronic payment method was launched in november 2020 by the central bank and has become one of the most popular means of payment in brazil. picks accounts for one 5th of electronic transfers. users highlight its immediacy, not people suffer. when you point the cellphone camera like this, all my data appears. my name, my account, everything, and it's fast in

a few seconds. it can skin everything automatically, and that's it. you just have to type in the amount chosen as well digital valo. for now, it is used in transactions of relatively small amounts, such as donations or for a snack, which used to be done in cash. this system is particularly advantageous for merchants, as its fees are much lower than those of other e payment methods. it also saves them the risks involved in handling large amounts of cash. dummy empirical money can get lost or stolen. picks is a lot easier because everything's more secure. it has excess codes. where's blankets nowadays work with a contactless payment system? and a lot of people get their cots stolen orders, they will boy. but the system is not immune to security threats, so called express kidnappings. have increased by 40 percent. people have been

forced to transfer money for their release. so the central bank has put a $200.00 transfer limit between 8 pm and 6 a. m one. italy is among several european countries that is sharply reduced. its goth imports from russia, but there to the effects of rising energy costs are being felt deeply with the countries industrial lobby warning that businesses are at risk of going under. if the government doesn't provide more relief. the rising costs of even prompted $1.00 ceramic factory in umbria to come up with a plan to limit energy consumption without effecting production. dark days are ahead, especially for the workers at a ceramics factory and she toddy castelow, their shifts. now start before sunrise. a decision manager's recently made to contend with surging energy costs with a few frames this time because in the 1st hours of the day, temperatures are lower and we can therefore avoid turning on the fans,

which are always on during the day, learn that. moreover, we can use electricity when it's cheaper at fashion of dedicated deep debacle. right, so, jordan allie says, the factories gas bill is already 1000 percent higher compared to last year. it's a staggering increase. one that's being felt across italy's manufacturing firms, the countries industrial lobby as warren that many businesses will fail if the government doesn't step in with a plan to ration gas. changes at should i make annoy, are impacting workers, lives outside the factory to. i'm jasa, my life has changed in terms of habits in the organization of family and children. we need more help from family members and grandparents on it, but we have to do it. so if i look, it's a harsh new reality, but one that pottery makers here say they can deal with, especially if it means preserving their jobs and the paychecks they need to pay

their gas bills at home. and that's all from me, from where you can always go to our website, d, w dot com slash business. you'll also find us on the t w, news, youtube tunnel and on facebook from me on the business team here in berlin. its tickets. russia and its artist, russia and its dissident artist, russia, if blacklist fort diffident artist. mm hm. the focus

on d. w, is the end of the pandemic in site. we show what it could look like. the return in the normal and we visit those. we're finding it difficult with successes amazon. you know, weekly cove is 19 special in 60 minutes on d w. o. oh gosh, please listen carefully. don't know how those 2 things you missed today. ah, feel the magic discover the world

around you. subscribe to d w documentary on youtube with hello everyone and welcome to focus on europe. we start today. so with a look at putin's war which.