so i see a huge amount of potential and dying as the sounds goes is put himself. will this be the year plus took recapture the european frown? oh, well that's it for me and the new scene for now. don't forget, you can find a lot more news and headlines on our website, which is of course d, w dot com. i'll stay tuned for business update christy plats and she'll have more on why germany's government is taking control of subsidiaries of russian oil. john ross named gabby office in berlin for me and the team. thanks with chips your guide to life in the digital world. explore the latest online trends. navigate your way through the digital jungle. get a global perspective,

will be your guide and show you what's possible. you decide what really matters to you. what shift on d w. d w's crime fighters are back a little africa. most successful radio drama series continues kind of all episodes are available online. and of course you can share and discuss on d. w, africa's facebook page and other social media platforms, crime fighters, tune in now. oh, germany sees is control of more critical energy infrastructure from russian companies. 3 oil refineries owned by a subsidiary of russian state on ross net. now fall into federal hands, including a facility supplying berlin, and we'll take a closer look. and brazil to all digital payment system text has seen wide adoption

and some surprising uses. and the world bank and the i m f warn of a global economic slowdown, and they're not the only ones. look at the latest from wall street. this is dw business, i'm christy plaza in berlin. the german government announced friday that it was taking control of russian oil company. rawls nest subsidiaries in germany. the move is aimed at securing energy supplies, which have been severely disrupted since the war broke out in ukraine. now, the deal was the rosin of germany, which had been majority owned by the russian company and accounts for 12 percent of germany's oil processing put under the federal trustees ship with a federal agency taken over its management. the 3 major fires are the mirror for refinery and calls throughout the buyer, an oil refinery in bo, back and the very important suede shaped refinery, germany's 4th largest refinery. this was the one that gabriel in quite a headache over the last few weeks as it had received all of its crude from russia . but germany has now vowed to eliminate russian imports by the end of the year,

according to european sanctions. now german chancellor off shalt announced the take over. he said it was important for security, securing germany's energy future with dodging of china. with today's decision, we're ensuring that germany will continue to be supplied with crude oil in the medium and long term. and this applies in particular to the p c. case via to refinery is in china. we didn't make this decision lightly, but it was unavoidable. the important thing is that the shoot site will be secured with this decision that way in response to this move from the german government rosin f called the acid transfer under trusteeship illegal and says it will consider challenging the decision in court. now that announcement about rosin f is part of a larger balancing act in berlin, as it tries to preserve critical energy infrastructure, while at the same time disconnecting from the russian supply that keeps going. another example is the natural gas company, one of her. now it was the largest importer of russian gas, but is now struggling as russian deliveries fall away. now,

the german government is considering stronger measures to keep it afloat. germany's largest importer of russian gas unit is in trouble, but berlin is determined to guarantee the results. company survival as winter moves in and the energy crisis deepens. germany needs foreign gas supplies and without them, nothing works. that's the dial wanting from the german energy regulator fund a smith's eigen tour last month. when it is a gas to chris, get chick on it just 2 days before a planned maintenance shut down of the nod stream. one gas pipeline, in the 1st half of the year, russian supply cuts caused juniper more than $12000000000.00 euros in losses. uniform burned through its cash reserve sourcing gas on the spot market. the company has already soaked up a government rescue package worth close to 20000000000 euros. but now the diesel doff based gas in puerto needs more help. in july berlin offered a rescue package which included buying

a 30 percent stake. i'm stating by unit. now chancellor will have sholtes is government is poised to increase at stake above 50 percent, giving the government a controlling interest. full nationalization is also under discussion, but for that to happen, uniform finish parent company for t m. majority owned by the finish government would have to give its approval. finland recently announced its own multi 1000000000 euro energy sector, bailout b. my gun and soccer you had on last month. you know, at the recent strong price fluctuations in the electricity derivatives market mean, the government has to take quick measures to ensure market stability. malia went on well done. it while the owner was delayed. the government's economic policy ministerial committee has advocated for a 10000000 euro stability package for companies producing electricity and finland to cover their acute liquidity means ottoman. got mixed. but finland has made it

clear. they'll not be putting up bailout money for uniform. for now, fortune is still the majority shareholder in the energy supply. so it appears that unified only chance of survival could be the german government, acquiring a controlling state. the international monetary fund expects a stronger economic downturn world wide in the 3rd quarter to point to continuing locked downs in china. supply chain disruptions and inflation. the i m app expects many countries will slip in the world with a recession. next year, the world bank issued a similar warning, adding the threat of global recession is rising. well for more unless let's bring in our market correspondent young's quarter in new york. now, yes, i know it's not just the world bank talking about a global recession. what more can you tell me? it's not just an economist, sir, ringing the warning bell, but to him also,

and some of the big business leaders some here in the united states, the latest. and may be a biggest example of so far is the c o. off for fedex, the logistics a giant. and he's saying that we are heading towards the recession. and when it comes to his company, they announced their latest earnings report that was way shy of expectations. he sees so weakness, especially in asia, but also in a europe, partly because of the supply chain issues. so because of the locked downs, but that does not seem to be the only problem and actually the stock or federal express dropped here in the friday session by more than 20 percent. okay, well again, we're talking about reduce violence of deliveries here. at sounds like a concrete example of prices hitting on demand. where else are we seeing examples of economic weakness right now? they're kristian one another stem. actually, fittingly a called sir fedex warning of the cannery m in the coal mine meaning if for fedex,

this logistic giant is facing headwinds. the same is probably true for some other industries and companies as well. we already have gotten some of warning, so some cautious outlooks from the retail sector and then talking about a prices prizes also have been on the rise that also interest rates. mortgage rates have been on the rise and this is sitting at the housing industry for example here in the united states. so it, yes they are a lot of other areas too, or where we might be approaching a pretty stormy time. right, right. well, yeah, you talking about interest rates going up, of course, major central banks have been hiking rates trying to get the situation under control, but ah, are these efforts going to come to late at this point? they're kristi. i mean, they're clearly, it's always easier in hindsight to criticize, but when you buy a well on the other side, i have to say that the federal reserve and other sent for bang, some as well,

a rally achieve it to, to actually achieve a soft landing and that thus, also not would be the case this time around. the federal reserve, for instance, says probably waited for too long. at some point, we might get inflation under control. if we hit interest rate, some on demand, let it be in europe, that'd be here in the united states. but at some point we might get inflation under control. but the price is pretty high because the price of the game at this point seems to be a recession at what time ever. getting the harsh truth from yawns, court on time for the weekend. thank you so much. and now to some of the other global business stories making this euro zone inflation has reached another record. high prices in august increased 9 point one percent compared to a year earlier. according to the latest figures, consumers and businesses have been hardest hit by costs for energy and groceries,

raising pressure on a european central bank even higher. now, sticking with the subject, ethiopians are seeing the highest inflation in a decade as war in the country's t gray region drives up spending an increases debt. ethiopia was once one of africa's fastest growing economies, growing an average of 11 percent over the last decade. growth fell below 4 percent, however, between 20212022. according to the i'm f o. 2 years ago, brazil central bank announced the launch of a free electronic payment system called picks. brazil scratched their head. they've never heard of the system, but to day daily picks, transfers exceed the number of credit and debit card transactions in the country. brazilians use a to buy food parent and even to help the poor. shoe al claudina 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. i would go simply,

it's very easy for every one. even a homeless person can use picks because it's not something difficult to get. i want go speak in ledge of his proposal at the local no 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 if it was epa, 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 scan 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 paper, 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 costs 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. what i or a train going right by your coffee table might not sound like a relaxing afternoon stop. but in hanoi vietnam, a trained street is

a popular tourist destination, where patrons could eat their lunch right next to a moving train. but police have shut down the popular tourist attraction. local officials say there were violations of railway safety rules and that tourists behavior like coding for pictures and taking selfie is or lying down on the tracks was dangerous. well, that's our show. thank you so much for watching. we'll see you next week. have a good night with making the headlights and what's behind van d. w. news africa. the show that faculty issues shaping the continent life is slowly getting back to normally well in the streets, to give you end up reports on the inside. our correspondence is on the ground

reporting from across the continent and all the trends about the mazda to you. next on the w o eco in, they seek lessons and they've poisoning the festival of gymnast should to see hundreds of thousands of idols a sunk into the world. but the toxic colors killed fish more and more families. and now a friend, i don't dreaming a religious tradition and moon by in 60 minutes on dw blue with how did she become at all hitler's favorite director. and how did he become

a forgotten filled pioneer? ah, leaving he finished and unknown to fun. between hitler and hollywood in 1932, they set out into the icy wilderness of greenland to create a life threatening film project that became a major milestone in their lives. low seduction. our ice cold passion starts october 8th on d. w. this is seed avenues. africa. coming up on the paragraph, confronting colonialism of queen elizabeth. we have a report from the hotel in kenya. we have range again, but now that it has ended is they hope for the people seeking compensation for what was taken from them in her time.