a lab before we go, a reminder, the top story we're following for you this our latest from around the globe. if condemning to the latest russian strikes on geek, right? we saw a tax on the capital, keith and other cities of killed at least 11 people. do as president joe biden is holding it at a brutality and that's it from a been for julian is in next with d w business. looking at a shop full in moscow stock exchange. that's coming up after a short break stipend. a

by going to have it in the listening place of longing, the mediterranean sea scene of elma star, and so far, abdul karim drift along, exploring modern lifestyles and the mediterranean mediterranean journey. this week on d. w. a and moscow stock exchange plunges. it follows the bridge explosion that connects russia and crimea a crucial supply route for the kremlin war on ukraine, but also a key economic link. can no way come to the rescue and how europe,

through the winter and beyond, with liquefied natural gas. and we introduce you to the latest nobel prize winning economists and their model that explains why bank runs happen and the need for regulation. i've been fossil and let's do business. geo political tension continues to keep traitors on their toes in moscow. on monday, the stock exchange tumbled 12 percent. the reason was the weekend explosion, that partially destroyed europe's longest bridge connecting crimea to russia. it over the opened in 2018. the price tag over 4000000000 euros. the pet project of russian president vladimir putin was a boon for year round tourism in the black sea resort of crimea until the war that is then it became a military supply root. the bridges rail link had also boosted commercial activity, allowing russia to grandpapa exports energy analysts, olga koch cova, is originally from nikolai of in southern ukraine. i asked her about the importance

of the bridge. several reasons why this bridge was a huge deal, both economically instant bolick lee after russia illegally occupied crimea, into that. as in 14, this bridge was a symbol. this bridge was a trophy for russia in a way to demonstrate how russia took over this entire region. now, the economic implications of it are important to explain because what happened after russia's take over is a lot of the native and indigenous population like crimea. ta tars, for example, who supported ukraine, and really did not want russia to take over the way they did. what either imprisoned, intimidated were sent to jail, were tortured, and a lot of them were afraid for their lives. so they ended up, a lot of them ended up leaving crimea leaving ukraine. so a lot of those houses russia illegally gave to russian citizen. so when we talk

about economic impact, that is really want to be clear about what exactly we're talking about here. and it's russian elite russians illegally taking over infrastructure housing. and of course, you know, building out their own projects there, including this bridge and making it easier for russians to enjoy ukraine's land crimea to go on vacation there or for a longer stay and half an easy way to get there through this bridge. so that's, is that symbolic plus economic infrastructure in numbers. you know, i think like 40000 cars per day, we're going through that bridge out like 15 trains, at least a day we're moving through. it's so yes, economically, it was very closely tied to russia after russia illegally took that away from ukraine. as russia turns off, the gas tap to europe, norway is stepping in to provide liquefied natural gas. the replacement supplies

don't come cheaper, but a colder winter could be coming. our way we said mux sunday to the used gas which neighbor the fossil fuels europe, desperately needs light deep beneath the ocean. this region is responsible for 3 percent of the world's gas consumption. the norwegian, continental shelf, platform crews and pipeline operators are working around the clock to provide something that's now needed more than ever in europe. affordable gas. the biggest question is now whether or not norway will be able to share its riches and help out it's european parkers. we travel to norway to find some answers. now this here is one of the main facilities connecting norwegian gas fields to homes and businesses in central europe. this is the coastal processing plant from here, gas is being sent to germany by a pipeline. and since the beginning of the war,

the volumes of gas be sent through this pipeline has increased quite a bit to make up for the lack of lushin gas compared to last year, almost 10 percent more gas is now being processed by plants like this one from casto, the gas travels more than 600 kilometers by a pipelines to m than and donald in northern germany. since the start of the warn ukraine, german leaders have asked their norwegian counterparts to do even more. but the industry seems open to the ideas, like many others pipeline operator gas go appears to be in good spirits here at o. n s one of the world's largest oil and gas conventions. if you look at the average for the last 5 year. and we will definitely be on almost the highest level ever this year. we are working all the time to optimize the new agent transport system. the industry has been able to increase the output partially due to delaying maintenance with c o 4. the leave us expect even higher volumes of gas to be

delivered next year. however, like many in the industry, he prefers to not discuss profits. our job is to be predictable, to deliver to goss into the market. the way that the ship, but i want us wants us to do with high irregularity, low emissions, and so on. if the prices are low and the price is a high, we do our job anyway, so, so that's our main focus. rely, reliable supply. the norwegian, oil and gas won't solve the european energy crisis or moon, but they're likely part of the answer. now to some of the other business stories making use, the war in ukraine is expected to lead to the highest immigration to germany since re unification. between february and august, there were over 1800000 arrivals in germany or than half of them ukrainians fling. the war, the o. c. d expects the number of immigrants this year. we exceed that of 2015. when more than 2100000 people came to germany. relatives of victims of the

2009 plane crash into the atlantic ocean shouted down the ceos of air force and air bass. after they took the stand or $288.00 people aboard. the fight died on route from rio de janeiro to paris. after more than a decade of legal battles, this manslaughter trial could bring justice for the families. tesla continues to electrify german drivers officials, so official figures rather show the usaa electric car makers test the why out sold both volkswagen and audi last month. testers model free also dominated the mid range segment with nearly 15 percent more sales. the nasdaq lead declines, a wall street washington has published new sanctions cutting of china from certain semiconductors made with us equipment anywhere in the world. let's go over to our correspond. james sweeney joins us from the new york stock exchange. james, at bet,

the news rattled the chip sector. well, it did rattle the chip sector. in fact, starts took quite a hit this monday to kick off this trading week with the nasdaq getting hit, the hardest dropping to its lowest level in the last 2 years. because textures continue to get hammered and, and if you're wondering why the slump semiconductors taking a hit today after the bite and administration announced new export controls that will limit u. s. companies from selling advanced semiconductors and related manufacturing equipment to china. in other words, the administration does not want these products and chinese hands without their approval and even more validation of this, the u. s. bureau of industry and security. it said in is released today that the rules mean that these companies must apply for a license if they want to sell certain computing semiconductors, or related equipment to china. in other words, if you want to sell it to them, you gotta get permission from us. first, and these rules, they're effective this month. and how do you think this is going to affect business for, for american firms that want to continue doing business with china?

in terms of, in terms of affecting business, this could, it could possibly mean a lot, but it still remains to be seen exactly how damaging these new restrictions will be on business. because the government, if i stand, if i am correct the, the chinese companies, the government put chinese companies like, while way as m, i c on a black list that required suppliers to obtain a license before selling to them just last year. but suppliers to those 2 companies, they, they receive those licenses last year and they still did billions of dollars worth of business. these rules were put in place, but business kept moving. so all i can say regarding business is that in regards to these rule changes, only one thing is certain, expect a lot more new license applications to be presented sometime in the media future. and it sounds like a lot more paperwork and businesses. so i like that james sweeney for us at the n y a c. thank you. thank you. 3 american economists

have won a nobel prize for showing how bank failures and nor a cause of economic downturns, but a consequence. they argue government guarantees on deposits can prevent financial crises from spiraling by convincing depositors not to panic. dickory, tooth intervention of central banks and governments was hugely important in preventing the collapse of lehman brothers in 2008 from triggering a chain reaction of banking failures. system critical institutions were rescued favors deposits were protected, and markets were stabilized. ben pearlman and he was at the head of the u. s. federal reserve at the time, he had the opportunity to put what he had researched 20 years earlier into practice . along with economist, douglas diamond and philip to pick the 3 economists what awarded the nobel prize in economic finances on monday. for the findings on the role of banks and crisis and

how to make them less vulnerable. the research the fed has hip avoid destructive financial crisis and preventing costly bailouts. and i think the main thing is that it has allowed us to understand whole financial crisis develop on what to do. both on the basis of brennan's dea research was another thing. the great depression of the 19 thirty's, it would probably have been a much my dear downturn, had financial institutions been protected from the run on savings. and if the fed had intervened more strongly. as a reminder of the top business stories way following for you here on t w, the moscow stock exchange plunged on monday. it followed the bridge explosion that connects russia and crimea a crucial supply route for the kremlin war on ukraine. but also a key economic link and for the you west fed chief ban benee key as well as

economists. douglas diamonds and philip defect have been awarded the nobel prize in economics for their research on banks and financial crises. announcement was made on monday by the royal swedish academy of sciences. i've been puzzling, i said business with i used to rough weather, but now things are getting really tough. for shrimp fishermen in northern germany, they faced price fixing by the dutch competition. then the pandemic. now the rising

price of diesel, red gold, germany, sprint, fishermen, and prices closer next. oh d w or it's powerful in mysterious day. it's close to the vatican supposedly has connections in politics in the world of mentors important manipulation in the secret. ah you oh, we're all set to go beyond the obvious well,

as we take on the world 8 hours, i do all this weird all about the stories that matter to you. whatever it takes by policemen. a deal we are here is actually on fire made for mines. ah, the german shrimp industry is floundering low prices during the covered 19 pandemic and increased fuel costs are threatening the fishes livelihoods. they're dependent on the dutch wholesalers they supply.