ah no forget, you can always get the w news on the road just to download our app from google play or from the apple store. that'll give you access to all the latest news from around the world as well as push notifications for any breaking news portion. get more all the earthquake latest updates on our website at dw dot com. i'm terry martin. up next stephen beardsley is here with business. there's thanks for watching. ah ah, will you become a criminal in franklin? i already know that with

hackers and paralyzing the tire societies, computers that out some are you and governments that go crazy for your data. we explain how these technologies work, how they can, what will soon for, and that's how they can also go terribly. watch it now on youtube. ah, i've seen beardsley in berlin. here's a look at our top stories. european leaders take their case against new us green incentives to washington itself. a will be find open ears and e, you import ban on russian petroleum products is in effect, the latest western embargo targeting brushing energy. welcome to our show. german

economy minister, robert hobbin and his french counterpart. bruno lemaire arrived in the u. s. capital to discuss the so called inflation reduction act on monday. and that's the u. s. com that's, that's the act of view as congress passed last year. now, during their trip will be talking to you as treasury secretary janet yellen, about through the law, which includes $370000000000.00 and subsidies to promote green manufacturing jobs in the u. s. but excludes many of washington's closest partners. the ear fears that this will pull k k green tech companies away from europe when president biden pledge to invest $370000000000.00 and green energy jobs at home. companies took note, including some abroad like germany's becker robotics. the dillman based business makes cable packages used on car production lines. it's c e o says the u. s. subsidies are enticing enough to consider expanding its business over there,

rather than in the u. old woman amos, restore us entrepreneurs. this comes as a relief on some things in germany. take a long time, are simply made difficult by bureaucracy, remarked less bureaucracy, lower energy prices and abundance of well trained technical staff. some of the reasons european companies consider expanding or moving operations to the us, the subsidies might sway them to make the final push. that's why the german and french trade ministers are meeting with the biden administration. they're hoping to convince washington to include european companies in the inflation reduction act. then we have to explain to the americans that part of the inflation reduction act aren't compatible with will trade organization rules. and there are starting points to improve on that situation. the european commission announce its own green deal

industrial plan, but it may not be enough for european subsidy programs. they're often very bureaucratic, very complicated that a quite a long time ago. and i think the european commission should really aim um for more efficient and quicker on programs. and this, i think more important than, you know, putting up a vast amount of money and putting that into the window as a response to the i re, the show. the focus should really be on, on quick and efficient implementation. a compromise between the u. s. and e, u is likely, and it could be a way to make the grass greener on both sides. the shayla cooper is our correspondent in washington. she joins me now for more. michelle, both sides seem interested and a compromise. we just heard. what is it likely to look like? well, it certainly is nowhere near the middle, because one thing is for saw the ira a, as it's called,

the inflation reduction and act which was billed by joe biden as a way to build future economies. here in the united states, create future proof jobs that will not be changed, no legal changes. so any compromise can only be in the small print, and that's why the french and german trade ministers are here. they want to shape that and what certainly on the horizon is that there potentially could be some exceptions for the so crucial auto industry when it comes to least a cause here in the united states. there may be some exceptions. also, when it comes to manufacturing of battery is needed for green mobility in the future that is still being discussed and hammered out. because after all that needs to be discussed between brussels and washington and not between those 2 european capitals. the european leaders were surprised at the passage of this act when it happened. were american legislators aware of how these measures will go over in european capitals? not really. this seems to have been

a genuine mistake. that's also what to biden pretty much admitted. after presenting this law that he wanted to fix that to certain degree very briefly, there was a moment where the europeans, or some europeans, at least thought that he might tweak that law. but the majority simply wouldn't allow him to do that. here in the u. s. so we are seeing the highest level of government here in the us trying to bend this to make it more european friendly. but it's nowhere near the kind of access that countries like mexico and canada will get who actually have trade agreements with the u. s. and that's very much what the europeans are getting to feel right now. yes, michelle, a very briefly scattered talk around this issue about trade wars, or is that even possible? plausible from the american outlook the sold and says absolutely no, both sides can't afford it. and the europeans are simply too dependent on the united states, both now for energy, but also effort backing against russia after its attack on ukraine to allow

anything like that to happen. so that won't happen, but we will see some rather intense talks buying close doors. ryder correspond michelle a group now in washington. thank you. and we go now to some of our other global business stories making headlines. automakers, renault. a nissan have formalize their reboots of a conflict. the complicated relationship, as they worked to stay competitive friends is reno has agreed to cut its 43 percent stake in japan's nissan. to 15 percent. the uneven shareholding structure has long been a sense of tor tension between the 2 sides. the world's biggest goal producer newmont says it had made a $16900000000.00 offer for australian peer new crest mining, which is looking for new leadership nuclear, which has recently seen growth. and it's copper exploration field as well says it's considering the proposal. italy's national cybersecurity agency,

it says thousands of computer services servers rather have been targeted by a global ransomware hacking attack. it's warning companies to take action to protect their systems. the attack has compromised servers in europe and north america. american households will have burnt through 65 percent of their pandemic savings by year's end. that's according to a new study by investment bank, goldman sachs occurred spending closed shops and generous stimulus measures helped households pad their savings by the end of 2021. before relief measures ended and inflation sword as guardians quarter in new york, yann's many american households did pad their savings through these daniel's mouth measures during this pandemic time. to what extent were those savings a critical for what came what came next? as to stephen, definitely, it was very crucial for at 2022. i mean we had 2 factors that play. we had to

similar money out of washington on $1.00 side and then we had the american household spending less in $20.00 to $20.21. so people spent less than restaurants that's for travel less for leisure. so they both lead to additional savings in the united states or extra savings in the amount of $2.00 trillion dollars by the end of 2021. and that money came to use in the last year, especially when we had the inflation kicking. and we also had to almost record prices for housing. so therefore, that money was pretty crucial. can we say, how precarious is the situation for american household looking ahead and see, but we definitely can. we already see some signs and there was just a new survey out on monday that actually 64 percent of american households. right now. i living from paycheck to paycheck, so that's an increase of about 3 percent to the same time last

a year. and what is also interesting to see that specially people who make $100000.00 or more a year and also the paycheck to paycheck. so obvious the, all the high costs of living is a burden on a separate note. we do see that credit card debt, for example, the reached a record high as so, so far there is some savings still left. but as you mentioned, and as a goldman sachs showed in this study, it's getting less and less so it will be a big burden looking at for us consumers. so that was the high cost of living. they have to live from paycheck to paycheck and debt that the name time are at record time. gordon, new york. thank you. an e u import embargo on russian crew products such as diesel and gasoline has been in effect since sunday. it aims to further limit russia's revenues from energy sales and therefore its ability to finance its we're on ukraine. the measure is to

compliment and import ban on russian seaborne crude oil that came into effect in december. russian oil tankers that won't be heading to european ports with shipping bands and price caps the you slammed its door shut and russian supplies since rushes invasion of ukraine early last year. the amount of russian crude oil arriving in europe has dwindled. at the end of 2022, it was only a quarter of the amount, it was the beginning of the year. but russian tankers haven't stayed home. instead, the kremlin diverted many of shipments to other customers. russian oil exports to non e u. a non g 7 countries rose steeply in 2022. by the end of the year, countries like india imported more oil from russia than ever before. russia's re shuffling of its client base and high prices of help shield its budget when you, although the country had to offer india and other importing nations discount prices,

you're selling at a discount, depending on what that discount is, is still better than not selling at all. and so that is why we're seeing an ass flows continuing, and now the real impact would be if russia is not able to find new cost less for. and it's sad products, exports. and, and i would really, i take, can dig a hint on russia in terms of it's fabulous both india and china, for example, in port crude oil from russia, but not oil products since they have their own production. so both countries won't fill the gap that it's now being generated by the new e u sanctions. experts already warned that russia's windfall, honeymoon could soon be over. and finally, 4 fans of american football legend tom brady, with some extra cash lying around a jar of sand, from the miami beach where brady announced his retirement last week is now up for bid on ebay and is poised to sell for over $100000.00. that's after bidding started

at around $700.00. now it's just one of many offers now hitting ebay, each claiming, claiming that there san is from the exact spot of brady's announcement. of the 7 time super bowl winter is widely considered. one of the greatest to play the sport or that's it for me and the dw business team, thanks for watching. ah, algorithms instead of paints and brushes, artificial intelligence is conquering the art world. new technologies are becoming ever more creative, but can they replace humans as authors and makers? and do we even want to that can artists and ai co exist?

aren't 21? next on d, w. a pulse ah, the beginning of a story that moves us and takes us along for the ride. it's only about to perspective culture information. this is neither you news and more. d, w. made for mines. oh i. when johns and dodged searches for the truth again. this time at the exile to turkish journalist meets svetlana itsyana, sky,

exiled leader of the opposition in bella bruce, of course i am tired, untied, physically untied morally, is too much on my shoulders, but i have to hold this weight because i'm responsible for the future fall contract for the people who are behind the boss. guardians of truth starts february 18th on d. w. artificial intelligence has taken the creative world by storm making things possible that artists could previously only dream of fin, must install, wasn't the men. if machines are smarter than humans, the machine has the power. do we want to give the machines the power to control us? because i don't think so want to lisa, oh, will algorithms to be doing the work of creative will artist become redundant.