close, despite the way down by sanctions health. this is the w business. i'm janelle dumas on welcome hero zone inflation has declined for the 1st time in 17 months. it fell to 10 percent this month from 10.6 percent in october. according to the latest official figures, inflation has weighed on the 19 country currency block made high energy prices triggered by russia's war and ukraine. despite the appearance of a recent slow down in price rises, european central bank president christine la guard, warned earlier this week that euro's own inflation has not yet peaked. carson's us k is a chief economist at i n g d. but thank you so much for being here. carson, do you agree with regard with regard to inflation? not quite peaking yet. are she merely managing expectations? well i think she's managing expectations and modeling because the last well one

thing, christine, our guard does not have a good track record in predicting inflation or interest rate. so luckily, it's not her task. now. she's putting up the c g on yes. to act. we are close to the peak, but when you look really at inflation expectations, when you look at selling product expectations, when you look at the fact that whole sill gas prices will still be passed through to consumers start of next year. there's so much inflationary pressure in the pipeline that is too early to really call this already p. p, where we're approaching that peak. but i would think that the people only really be there in the 1st quarter of next year. i mean, this is a very good point. we're still talking about very high inflation. it's just getting marginally lower. we're still definitely in a cost of living crisis. is there a reason to be up beat about anything? no, and your fluoride, this is not a reason to it,

to be upbeat your fluoride saying that this is inflation rates coming down to it is the price change coming down? it doesn't mean that prices are actually dropping. and even when you look further into 2023 and energy prices will remain stable, this would mean that headline insulation will start to come down. it does not mean that prices are coming down. we're seeing food prices being up by 20 percent year on year. we see service price going up. so we still are in this cost of living crisis. and the only thing is that the bird and the damage will become less and will be start weighing less on the economy, but it will not reverse anytime soon. so does this mean that the e c, b, the rate hike policy is going to continue as it's been going a probably not as much as they hide over the summer. or we call this jumble rate hikes. it with the $75.00 basis points, could be sort of

a tricky situation. they know that they can do very little to bring the current in place, because there is always a lack between what the central bank does and before it reaches the read economy. at the same time, the should be nice to watch on that inflation expectations do not become completely on anchored or be anchored. and then we have this looming recession, which still is there, but it will come and the, the be goes too far with rate high risks kind of pushing the euro going economy farther into recession. so it is a very delicate balancing act. i think they will continue hiking interest, right. i expect them to hi, 50 basis points, not by 75 basis points in december. do another rate hike in early 2023 and then stop there because there is another instrument that the c d could still use and that is shrinking off its own balance sheet so they can move away from interest rate, interest rate pipes to shrinking off the balance sheet of 2023. carson's ascii

chief economist from i n g d. both. thank you so much for a time today. you're welcome. now since the beginning of russia's war of aggression against ukraine, moscow's commercial aviation industry has taken a heavy hit, the aircraft industry giant such as air bus and boeing stopped supplying spare parts to ra shop, back in march. so how is russia commercial aviation industry holding up more than 9 months later? the w killian buyer takes a closer look. despite the sanctions an being cut off from the deliveries of critical components, russian airlines are still operating. even though there has been a 15 to 20 percent robin passengers, for most people taking domestic flights in russia, not much has changed. in terms of learning jets, it was always going to take a bit longer because of course you've got a spare port. and of course you good. the existing aircraft that can be cannibalize

more than 800 modern western built passenger jets, were flown by russian commercial airlines before the outbreak of the war. more than half of their flights operated on international routes. the majority of these flights have been terminated by sanctions. radius is that what it would be? international routes were very lucrative. one of the most important forms of income, the harsh cut off from this cash flow was very serious. and on the other side, you had the ation industry. it has become very difficult to supply aircraft that are flying now with spare. part conclusion. even before the war, airlines in russia face difficulty getting spare parts. a pilot took this video a year ago. it shows yellow slips written with the letters i n o p, meaning inoperable. the situation has worse and drastically since the war

and prestige projects like the m s 21 and the super 100 super jet. both passenger aircraft built in russia have an achilles heel. they depend heavily on western made engines and avionics. the commercialization manufacturing side of russian deviation is deck. yes, but neither the m. s 21, which is bill with 4 components or the super jet 100, which is also bill with foreign parts can be produced in russia. yes, moment. lacking access to critical components means russian aviation will only be a shadow of its former self in years to come here. a shadow joins us now. he is bureau chief outer dw studios in riga, irie. so it's pretty remarkable that russian aviation roots are still going, despite nearly 10 months of sanctions house. that even pos ended their corporation with russia. and to this, despite the fact that almost all russian aircraft can came from or come from abels

and going, but the fact that that the half of all russian plays since then had to stay on the ground to man that these planes could be used as spare parts, however, the loss of almost 50 percent of flight routes became a blessing for the russian or the asian industry. so the most important thing for now, for russians is to maintain domestic airlines. and so far this is still working well . so when we hear that domestic aviation is still doing well, but spare parts are hard to come by or have to be cannibalized from older planes. surely there are some safety concerns. consider no yes. sure. the question is, of course, are when's a grounded aircraft will be taken apart and used a spare parts and for how long that can last and 3 place safety repairs? by the most companies are, we know that russia has kept all the aircraft, or at least from the best buy degree of president putin. after all,

that's more than $500.00. the jets was over $10000000000.00, or one russian expert we spoke to called, in just a theft or iran was also a great hopeful russian of the ation of the country has been living under sanctions for decades and has developed various methods to circumvent them. but iran uses aircraft from the 1970 s and $98.00 is which which are less dependent on software updates. ira lot in particular ah, has equipped it's fleet with a very modern aircraft in recent years that apparently dont need to be doing to be repaired. so quickly, but at the same time, because russia uses very more than aircraft that rely on those very technologies, it will be increasingly difficult to safe, safely operate western aircraft without computer updates. and russia itself hardly builds its own aircraft, or at least not nearly enough. so it's going well for now, but it might not go well for longer. uri rossetto pharaoh chief energy

w pseudo is in vega. thank you very much. it's meant to boost mexico's economy by delivering more tourists to its most famous sites. but constructing the my and train project involve bulldozing a path through miles of tropical forest. now, affected communities want tourists to know that their journey is came out a cost. they cut a 90 meter wide lane here for the trend. maya, a sensitive ecosystem is in danger, says biologist, or better role with the local residents. he leads us to the construction site near ply delgado men, a famous tourists by total care. the government didn't wait for environmental reports or final approval before slash and with tropical forest. an estimated 9000000 trees were cut down destroying habits. the fragment, as young as l b. c. people. if you cut through ecosystems, that's the beginning of the end, but it's an equal side that shouldn't have happened. can no, they were to say these overflows at that moment,

mexico's president dismissals. these concerns, promotion videos promised jobs and wealth. the train is designed to take tourists from the beaches to mind cities and villages on 1500 kilometers of track. critics say the government is doing a lot of things wrong, not least because the greatest treasure here lies underground in grotto, known as the notice. they store fresh water and are vital for animal yoga and the forest quite geared consortium. the train track is supposed to run over here is crazy factory like referral, environmentalists or stand european firms, including a subsidiary of german rel, operator deutsch. upon a working on this project, not the machines, the dispute ends up in court, but after a brief hold to construction, the excavators return. the government authority rejects all the accusations and

shows as permits. yes, trees were cut down, but many more have been planted over sooner. absolute moment, the longer the works are entirely legal. it is an environmentally friendly project, a project that will bring about social development. if at all your social that something there isn't much of in the yucatan peninsula, hardly any jobs, hardly any prospects. the train could bring about mobility and work. it's something deutsche a ban is keen to point out. but it also says it is not responsible for environmental protection and only plays an advisory role for which it gets paid $8600000.00 euros roll would like to show the germans, the damage that tourism developments have caused in the past. some coastal towns grew. so rapidly that garbage and sewage poisoned the forest good, but if there is no ordinary people will not benefit and they will remain at the level, they are now or even become worse all well for now,

environmentalists have lost this battle, but ra hopes to prevent deforestation. on other parts of the line, he is not against trains and progress, but again, the project that so clearly damages the natural environment. and that's all from us . thanks for watching. ah ah, with a high net

neutral by 2045. germany's public transport system is going green is a good bye to the old bus. please note there, converting to electric energy, which prison a technical challenge. is it worth it for the coin? it absolutely. but what about for businesses made in germany? in 30 minutes on d w one, which sarah kelly, i put the tough questions to those in power, challenging the key players face to face. it's real and hard hitting debate that goes beyond the jargon and helps us better understand what's really going on. holding the powerful to account, getting to the truth,

that the conflict of conflict on d w. b every day, camels for us and for our planet. global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smart new solutions over steam set in our ways, or is truly unique. and we know that, that uniqueness is what allows us to live and survive. google ideas, the environmental c global 3000 on d, w, and online ah

ah, this is the w news live from berlin more stand off. so, but china is kobe 19 restrictions anti lockdown. protestors confront security forces in the southern city of wang, show authorities east some restrictions, but campaigners refused to back down. also on the program, china's former leader.