sion is underway in the atlantic ocean for a miniature submarine that went missing while taking tourists to explore the wreckage of the titanic. it's feared the vessel could be trapped at a depth of nearly 4 kilometers with less than 3 dates for the box. i'm terry martin for me and all of us here dw, there's thanks for watching. the russians no longer need the baltic states. why should name? there's no gold. it's only just practice at the base and will clock police away. 7 months before russia attacked ukraine, a field team documents,

daily life out of the town. how are the people who are dealing with the growing tensions they change their world frame hold on. we are with you currently know when any insight starts drawing on dw, the europe's race for computer chips, bears fruit for germany. entail signs a 30000000000 euro deal for a new production facility in the country. part of a larger spending spree across here. also in our program, the world's largest air show returns after a 4 year break. we'll look at how the war and ukraine and climate change are shaping the pears air show. and production of climate friendly heat pumps is more than heating up across europe. and that has benefits for countries like poland and

slovakia. seam beardsley in berlin. welcome to our show. and we begin here in germany. we're us based chip maker intel assigned off on plans to invest $30000000000.00 euros in the country as part of a new chip reduction facility of a deal for a factory in the city of monta bar includes 10000000000 euros in german sort of subsidies. intel is the latest ship makers take advantage of the ease, ease funding rules for producers of the critical components of europe. aims for more independence from asian manufacturers entails also planning new facilities in poland and france. but well, germany is celebrating entails big investment. the past year has seen more and more questions arise to the countries general attractiveness for investment, both domestic and foreign. and that's the problem for all of europe. after all, germany, france and italy account for more than half of the blocks overall economic output, where it's gross domestic product in germany hold the largest piece of that pie.

and much of the country standing is thinks it's innovativeness over decades, even centuries in particular, and areas like machinery, automobiles and manufacturing. a germany sees its future as more digital and green . but competing globally is difficult, and the higher energy prices of the past year have not helped. well, a new study released by the z w institute now shows that with the us, canada in sweden, leaving the list of countries most attractive for business. germany is at 18th or i from on this, i'm joined by jo kramer. he's chief economist at come out spunk in germany. your thanks for joining us. we know that germany has been worried for awhile, about it's attractiveness in a globalized world. this year has been especially difficult, is it just mentioned, especially with the war with the energy prices a deal like intel is a big deal in the figurative sense of the word. does it tell us what we need to know about germany's attractiveness or no,

i think the same to contact the industry is a special kind of industry. we're a subsidies are i use it. but i think when you would like to learn more about that, just the general attractiveness of germany, then look at all of the other firms. then also look not only at energy issues. what we have been seeing based on indicators over the past 15 years is a general erosion in the quality of the drum, the as a location to do business. this has been, this has to do with the back roads, raise a high call for texas. and rucker see the problems when it comes to digital infrastructure and these things need to be fixed. all right, those investments that perhaps haven't been made in the past. do you see the state showing out more money for them? now, in a sense, jeremy is competing with the deep pockets of the us on the one side, china on the other. can we expect to see more subsidies to encourage businesses as

well? uh, we are likely to see more subsidies. uh, because there was a change in the policy of the opinion, but i'm not sure what the subsidies are the right way. also for china all the us because subsidies say that this taught the competition. they all lead to inefficiencies. and that we see that you cannot make problems trying to contract has in the end we have seen that that the drum and the economic american, the economic rise of germany after the 2nd floor for all of this was primarily achieved by not creating failure with conditions for a few of firms, but to create good frame, but conditions for all the firms. with good uh, roads, uh, re weighs good, screw its infrastructure load, texas. you said it had to. and i think this is a better way to bid up a broad industrial base. right. that's your kramer with cool. that's fine. thank

you very much. thank you. well, military and civilian aircraft streaked across the straw across the sky, rather as the pears air shall return monday, following a 4 year cobit induced height is organizers of build the by any event as the recovery air show after the grotto virus ravaged the sector in the event was cancelled in 2021. this year's air show has new focus on defense, of course, following russia's invasion of ukraine. along with the industry's efforts to reduce carbon footprint. french president manuel nicole arrived in a helicopter partly using sustainable aviation fuel. you know that france will invest 300000000000 euros to boost the production of those fuels. right, of course on a jack product is outside of paris for that air show. jack france says now that it's ready to plough, millions of euro's interest, sustainable aircraft from engines to fuels. what exactly is behind this?

pushed by the com. that's what it's a really interesting one, steve. and essentially he's kind of catching up with the industry in some sense here. the aerospace industry is agreed to go cobra neutral by 2015. there's a huge push, probably the companies within the industry. but they've long said that what they need is government support. so am i calling to 9 same as 300000000 yours a year specifically? well, mainly related to the sustainable fuse is being really welcomed by some of the people that i've been speaking to. and some of the stalls of the show already is the 1st day, but some of the stalls of the show in the sun. so they're getting a lot of attraction. all the ones related to that, it's expected that there's going to be a hydrogen powered supersonic plane flying in the skies within the next couple of years. and that company has been receiving quite a lot of a lot of attention to and is doing multiple multiple sort of shows and displays throughout the day. but that was, it was so as you say, a big focus on defense,

which has been highlighted by the war and ukraine. well, we know that right now and here now the passenger air industry is doing better and better getting over that corona hub. and especially as summer approaches is fair to say the sustainability isn't really the chief concern of many of these businesses right now is they try and meet demand that's one of the big things. the companies are saying that they're having huge amounts of orders, especially the big ones, the boeing's and the ad buses that are trying to bear with more planes, essentially on the list of being saying that they expect deal was for, for 2100 ad croft could be signed during this week, a written, the boy is a power as, as show. and that is really significant and that's a high number of ad across to be ordered. but that means huge pressure they'll have to deliver. and that's where the industry is really focused in some sense as well. all right, that's john paragon, there's air show. thank you very much. so now

we go to some of the other global business stories making headlines. sorry, defense company, scope industries has signed a controversial deal with air bus to produce civil and military. helicopters means law, making them that's according to saudi's thing. media company expects to invest almost $7000000000.00 over 20 years. it leads blocking a chinese state own company from taking control of tire joint corvalle, a chinese sign, okay, which already own 37 percent of the time frame wants to increase its stake in the milan base, fidelity time prime minister your gord. yep, maloney, it says the decision was made to safeguard rallies, independence, european union, and kenya assigned to trade you on monday, as the deepens economic ties with africa, the agreement will give kenya tara free access to the e. u. it's biggest trading partner. currently, the african countries since a 5th of its exports, the new primarily agricultural products including t, coffee,

flowers, mustang. in europe, the whole heat pump is quickly turning into a symbol of the energy transition backed by government subsidies. companies in europe and asia reporting billions into new production facilities for the heating systems which operate without fossil fuels. that race from market share means new jobs in new markets likes to lock you in poland. take a look. the heat pump sales are booming. manufacturers in germany made up their production facilities and fast. one of them is people else on the company wants to massively expand in the state of lower sacks, any the family owned company plans to invest 600000000 euros in new facilities. initial plans are already in place by them, as you can see in the background, some buildings will be demolished. some expanded in some will be newly built. but other gentleman producers such as violent looking to eastern europe as an answer.

in slovakia this mega factory is being built to add capacities. the company's german, french and u. k. plans no longer have local residents are all in hoping for employment. maybe that's the kind of i really don't know what this is all about. but new jobs will be created. what's wrong with that? can i get you over to? oh, yes ma'am. of costs it is good. people will and more and then spend more on the industrial part is located on the outskirts of the city. according to local media, the deal was sweetened with states subsidies worth more than 20000000 euros. and an income tax reduction for the investor economist suzana serv. bosco believes that central and eastern european countries are becoming a strong award for the production of heat pumps. so we have seen also in

countries such as poland, check republicans, slovakia, more and more consumers demanding heat from so while most of these uh products will be exported in itself, the fact that it is an attractive market also plays a role back in rem shide at the violent headquarters with some very that there's a trend of the industrialization in germany. as mass production most to eastern europe, no varies, say, is violent. the company keeps investing heavily in the research and development department at the site. new investment is set to double production capacity to produce around $500000.00 heat pumps a year. the company's management hopes that the swift commissioning of the slovakia plant will give them a competitive edge. we're not concerned with cheap labor costs when we pick to a mock. yeah. was much more about the approval process. they have being very fast and construction was approved within a year after the application was filed. that's much faster than in germany.

and here's a reminder of our top business story we're following for you at this hour entails investing 30000000000 euros and chip reduction facility in germany deal includes 10000000000 euros and subsidies that after the east funding rules for producers of the critical components you're aiming for more independence from asian manufacturers. well, that's our show. hope you liked the election. you can find out more online and d, w dot com slash business. you can also find out more on a youtube youtube channel, w news. and we're on facebook. i'm seeing there's an invalid. it's watching the

. the hitler's stallions sculptures displayed in the nazi transferring along saw at last they have suddenly turned up on the shadow markets where the intrigue surrounds their reappearance. involving the soviet army, the stars, the nazi art collectors, and the underworld arts unveiled next on d. w. a. pulse the beginning of a story that takes us along for the ride. it's about the perspectives culture information. this is the the news w.

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