locals antonio's house each other with tightly rolled rags drenched, and gasoline, participants wear gloves and mosques, and in a nod to safety, police tried to make sure no one taking part is intoxicated. local legend has at the events commemorates the eruption of a volcano in the mid 17th century. that set you up to date up next here on the w. w. business with kate ferguson. don't forget you can get all the latest news and information around the clock on d w dot com. i'm will on psycho thanks watching. sh her. i'm scared that i think that's hard and in the end is a me, you are not a lot us to you and more we will send you back her. are you familiar with this with

the smugglers were lions as of the what's your story. ready he wasn't, i was women, especially a victims of violence in a labs and take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not a guests. you want to become a citizen. in phil migrants, your platform for reliable information ah ah, the tips are off the table, the united states bonds, major producers and video and a and div from selling high and processors to china. will of gar correspond and what's behind the move. all the coming off the success of germany's 9 euro train

ticket inspires other countries to follow seuss. 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 costs without hampering production. this is the w business. i'm kate, florida. from thanks for joining me. the united states has ordered 2 of its largest chip makers to stop selling high and processors to china and russia, the restrictions target and video, and am d's top computing chips used for artificial intelligence. the u. s. department of commerce says 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, 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, on? i do you think phasing will retaliate? well, ai, artificial intelligence is a strategic priority for china. they've, they've invested heavily in part of the issues 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, henson, they heavily rely specifically on in 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 trying to, 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 to the author 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 effect of the war and ukraine has had a president for other european nations among them in spain, which is introducing free monthly rail passes from any 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 winful taxes are about taking

a bit of the money back from companies or the making completely excess profits. world, the rest of the economy is suffering in order to fund some relief during that moment to 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 socialist 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 get 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 as 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 and 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 picks tens of millions of times a day for paying rent, buying groceries, and even giving money to the less fortunate shoe. alco dino desousa is on housed and earned his living on the streets of sao paolo, 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 b. it's very easy for every one, even though homeless person can use picks because it's not something difficult to get. i want goes victim allege of his purpose of 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 the 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. 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 sadly castelow their shifts. now start before sunrise. a decision manager's recently made to contend with surging energy costs,

which if you find the chance 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. we learn that moreover, we can use electricity when it's cheaper, a fashion of j to get deep cabassos, 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 has warned 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 and the organization of family and children . we need more help from family members and grandparents. but we have to do it. 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 phone from me, from where you can always go to our website, d, w dot com slash business. you'll also find this on the d, w, news, youtube channel, and on facebook from me and the business team here in berlin, it's taken into the conflict. so with sebastian as rushing forward, his advance from ease of ukraine here is warding allied goods massively out gum my here since we come home, has roddicks and coffee bird, both bar man because with

a member of the european palin ethan road, pressing for a quick see spark a role comp with w to the point. strong opinions, clear positions, international perspectives. ukraine has its forces had broken through moscow's frontline defenses at the several points in the southern region near hassan, ukraine, counter offensive, kind of push the russians back. find out on to the point to the point. oh d, w. oh, hello guys. this is the 77 percent. the platform for

africa is you to be beat issues and share ideas. you know, or this channel. we are not afraid to happen delicate the topic. because population is growing and young people clearly have the solution. the future belongs to the 77 percent every weekend on d. w as russian forces advanced in the east of ukraine, here is warning allies. it's massively out gum this week. a senior adviser to president the landscape at western support wasn't enough to combat russia's fire power. my guest is weak from poland. his rabbit sikowski.