denise, it's a somber moment. finally, to be able to say good bye to dick queen a conduct a condo express. my p like your basic believe was very, very emotional. some 550000 people are expected to fight boston coughing before monday morning. you're watching the w news. don't forget you can get more news and headlines on our website. it's d w dot com sandra business update with christie plaza, and then she'll explain why japanese government is taking control of subsidiaries of brush and oil giant grows gift. i've told me on logical thanks. mm ah, every journey is full of surprises. we've gone all out to give you some tips with. i'm in your northern most count,

please. ah, for a time long. but still very much alive. d. w. travel you'll guy to the special with recognizes where exactly it was fun and i learned a lot our culture history. all their d. w. travel extremely worth a visit with germany. caesars control of more critical energy infrastructure from russian companies. 3 oil refineries owned by a subsidiary of russian state on ross net. now fall in the federal hands, including a so the supplying berlin will take

a closer look. and brazil's 2 year old digital payment system picks has seen wide adoption and some surprising uses. and the world bank and the i m f. warner of a global economic slowdown, and they're not the only ones look at the latest for wall street. this is d w a business. i'm christy plants and in berlin. the german government announced friday that it was taking control of russian oil company. ross 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 taking over its management. the 3 major fires are the mirror for a finery and karlsruhe the buyer, an oil refinery in vol, back and the very important suede shaped refinery, germany's 4th largest refinery. this was the one that gave berlin 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 daunting of china. with today's decision, we're insuring 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 refinery is in china, and we didn't make this decision lightly, but it was on the void of all. the important thing is that the should be inside will be secured with this decision that way, in response to this move from the german government. ross never called the assa 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 uniform is in trouble. no, but berlin is determined to guarantee the resource 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 warning from the german energy regulator, bundis nits eigen tour last month when it is a gas to chris, get here gone. it's 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 unit for more than $12000000000.00 euros in losses. uniform burned through its cash reserves 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 off based gas importer needs more help. in july berlin offered

a rescue package which included buying a 30 percent stake. i'm diving by unity per now. chancellor will have sholtes, as 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, universe finish parent company for t. m. majority owned by the finished 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, the recent strong price fluctuations in the electricity derivatives market mean the government has to take quick measures to ensure market stability while yahoo and on welt on it. while the annette was to lay adelaide, 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 needs. got mixed. but finland has made it clear

they'll not be putting up bailout money for uniform. for now, for them is still the majority shareholder in the energy supply. so it appears that uniforms 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 points to continuing locked downs in china. supply chain disruptions and inflation. the i am ap expects . many countries will slip into the world with recession. next year, the world bank issued a similar warning, adding the threat of global recession is rising. well, for more and less, let's bring in our market correspondent, yann'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? yeah, it's not just them economists, sir, ringing the warning bell,

but to him also, and some of the big business leaders some here in the united states, the latest him and may be a biggest example so far. is the c o off for fedex, the logistic a giant, and he's saying that we are heading towards a recession. and when it comes to his company, they announced their latest earnings report that was way shy of expectation cc's. so weakness, especially in asia, but also in a europe, partly because of the supply chain issues, civic cause of the locked balance. but that does not seem to be the only problem, and actually the stock or federal express the dropped here in the friday session by more than 20 percent. okay, well, yann's, we're talking about reduced volumes of deliveries here. it sounds like a concrete example of prices hitting on demand. where else are we seeing examples of economic weakness right now?

they're kristi in one another system. actually. fittingly a called sir fedex warning of the cannery m in the coal. mine meaning if for fedex, this logistic jain to say, sing 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 prices, surprises also have been on the rise and 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 yes, they are a lot of other areas too, or where we might be approaching a pretty stormy time. right, right. well, yeah, and you talking about interest rates going up. of course. major central banks have been hiking rates trying to get the situation under control, but are, 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 cent for banks as well a rally achieve it to, to actually achieve a soft landing. and that does also not 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 yann's court on time for the weekend. thank you so much, emily 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 countries. 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 felt below 4 percent, however, between 20212022. according to the i m m. o. 2 years ago, brazil central bank announced the launch of a free electronic payment system called picks. brazil scratched their head, they'd 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 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 him at woodrow simply, 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 a beacon ledge of his purpose with the vocal there. 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 up there. 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 said, you just have to type in the amount chosen as one digit ovalo. 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 it's 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, a bit of money can get lost or stolen. picks is a lot easier because everything's more secure. it has excess codes. wheres bangkok 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 enforced 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, i'll a train going right by your coffee table might not sound like

a relaxing afternoon stop. but in hanoi vietnam train 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 posing 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 to the point. strong opinions, clear positions, international perspectives. it's nothing short of a route. ukraine's 2 pronged counter offensive, his expelled russian troops from

a large swathe of territory in the northeast of ukraine. at lightning speed, ukraine's battlefield gates put in under pressure to the point next, d, w. 14 and a clinic where women can buy time because eggs can be frozen and later used for reproduction. a chance for pregnancy later in life. medical experts call it the future of family planning. what do women think about freezing their fertility? in 45 minutes on d, w o. hello guys. this is the 77 percent the platform

with, you know, or this channel. we are not afraid to happen delicate the topic because population is growing fast. and young people clearly have the solutions. the future belongs to the 77 percent. every weekend on d w a it's nothing short of a route. ukraine's 2 pronged counter offensive has expelled russian troops from a large wave of territory in the northeastern part of the country. at lightning speed in under a week, the ukrainian forces regained more territory than russia.