to johnson, now i do belong in washington. so reminder of that story. then the telegram channel linked to the fog, the group says it's me that you've got if it goes and is dead, the most of the groups chief was listed as a passenger on board private jets, which was crashed with notes of violence, india and washington. i'd set you up today to move well here's at the top of the hour or around the clock from the dw 14th avenue. don't have a good the door. don't take a moment on your mommy's not coming back. over the february 2020 russian troops invaded the ukrainian city of coupons. it was recaptured. 6 months later,

the occupation this hard drive under russian occupation resisted who collaborated. how can life go on after all the terror? not everyone can endure the fear, weeks out every day. when rush start to august 25th on dw, the, the fastest contraction of business activity in more than 3 years. germany's economy is sliding into deeper trouble as fresh economic figures for the euro zone paint a solver picture as well. of live expert announcements also coming up will tell you why chips made by western companies end up and rushing cruise missiles. despite sanctions intended to avoid just that i'm chris cove of welcome to the program.

the arizona column a is a new downward spiral business activity, and the 2800 block decline for not far more than expected in august with its largest economy, germany leading the way the blocks services industry activity fell into decline and contraction and manufacturing oper continued. as an peace globe as purchasing managers index showed on wednesday, the downturn in manufacturing sector was accompanied by a renewed contraction and the services industry in august. business activity in germany, you're as large as the economy contracted at the fastest pace. for more than 3 years, german companies remained pessimistic about the outlook as rising interest rates and high inflation continue to reach in demand let's good carson just gives you on this is the chief economist at i n g. welcome back to the show carson. so san bring data there. um,

how bad is it really it is very bad price in all honesty and you don't even need an expert. i think every undergraduate student in economics can predict what is happening if you have the, the fastest interest rate, high in history, within a year time. we have the chinese economy stuttering. we have the us economy going in some kind of landing the soft. i'll be at hard, we have an energy price crisis, we have high inflation. so all this together clearly is pushing the german economy and the european economy. further into a recession, territory, business activity in germany. we talked about the contract and the fastest pace for more than 3 years. we know that firms here and the country are complaining about a lack of workers and high energy costs. but what specifically is the problem for them right now as well right now, actually, it is the lack of demand for the lack of new order. so as since the war and ukraine

started to oregon and boots have been emptying and i had quite a fast paced only this spring with 2 month with, with some really even there. but the, the order books are simply empty. and um, and we also see that inventories have increase. so the, the german companies have very little to do. and then on top of that, we have the high energy prices. clearly a huge concern for the energy intensive industry in germany. and on top of that, there is still this visit, the lack of qualified work is, but currently mainly is the lack of demand here in germany. that has been a political discussion about lowering energy prices for these uh, energy intensive industries. you mentioned there the something that the uh economy minister proposed looking at the state of the economy right now should the german government intervene as well. they can, during the government has not intervene with the short term stimulus. so don't think and turns off we, we have a lock down in the call and the government has to do something to,

to bridge the time until the lock down is over. we are in something that is much more structural. and in this context, some kind of energy price guarantee cap can make sense, but it is not only for the next winter, it should really be for the next 5 to 10 years. so it goes what occurred is cleaning, denting sentiment in germany. is this uncertainty what is happening to the energy transition was happening to energy process is germany still attractive. busy for a company to continue producing germany, and you can offset parts of this uncertainty with some kind of guarantee, but not for one year really for 5 or 10 years. all right, let's see what the government intends to do. there are not experts believe that the european central bank intends to pause its height of interest rates. uh, in september, this fresh data that came out today. that would be underlining these plans wouldn't . oh yeah, i wasn't too sure that these to be really intended to pause,

but this data sets have been clearly clearly made even the ones who has been pushing for another rate hike in september. think twice the cd. i think now also feels that it had been too optimistic with its own growth for accounts of the easy be expected the european economy to return to potential growth by the 3rd quarter already. it is not going to happen with these data. so i think that these 2 people not really be a freight by don't want to create a name the, the longer term, the late impact, negative impact standing from higher interest rate. so this thing argues, in favor of a pause. i think the only problem is if the eastern, the pause is epis september meeting, it will not only be a cost, but it will be the end of the rate $5.00 cycle because the european economy is not going to improve any time soon. so the argument that we're having at the september meeting will. ready in october, in november and december, so either it is a final rate hike in september, or it is already

a pos which will be the end of the rate hope cycle in september. cousin jessica, the chief economist at ion g carson as always, thank you. as not to some of the other global business stories and making years britain's economy is also slowing and might be heading for a recession. survey on wednesday showed a slumber in factory output and brought a weakness of, as it feels the impact of 14 back to back interest rate increases by the bank of england to find high inflation. hollywood studios and streaming services have released a new proposal to screen writers and a bid to end a strike that has all the production costs, the california economy, billions of dollars. it includes a 13 percent pay increase and provisions for the use of artificial intelligence. more than 11000 writers have been on strikes since may different joined by actors in july. the economic laws from the devastating was fires in hawaii that claimed

the lives of more than $100.00 people and destroyed counts as buildings is estimated to be between $4.00 and $6000000000.00. that is, according to ratings. agency moody's rebuilding will be expensive. construction costs on the islands are 44 percent higher then on the mainland. it is a scenario that so western sanctions against the kremlin were intended to avoid. never the less russian crews, messiahs causing death and destruction you in ukraine. apparently contains semiconductors from best and companies like german ship giant and senior. that was the result of research by the german daily from philadelphia minus the company infringing regrets this but sees others as responsible for the deliveries as one of the deadliest weapons and rushes. war against you. crane is a cage one o one missile nickname, kodiak, by nato. it travels up to 900 kilometers per hour and can carry $450.00 kilos of

explosives. none of its destructive targeting capability would be possible without its powerful semi conductor chip, which in the case of kodiak, is produced by german electronics, joined infinity in. and it's american subsidiary, cypress. that's despite us and you, sanctions against russia, sanctions expert, say the chips are ending up and russian hands through a long chain of intermediaries, most of which are based in china, vietnam in the philippines. and although chip producers are claiming that long supply chains make tracking their product difficult, experts have proven that it's in fact very easy using readily available international customs data. a simple routine inspection turned up delivery of a $150000.00 ships and showed an increase in purchases from individual russian buyers, which they say should be massive red flags. earlier i spoke to earlier,

gerd vent had a date consulting from co risk, which is investigating a russian sanctions. and i asked them how the sanctioned ships ended up in russia as well. we know quite a lot about actually they generally come in. we are ation mostly. i would recommend 80 maybe even 90 percent of the chips that come in. we, i see a child in a home call, vietnam, malaysia and other countries, probably because i'm not sure the chips are produced in asia. but also chips produced in europe in the united states itself. generally comes into the rest of the traders in asia, a little bit to be a turkey in order meter is some kind of chris and a very, very small amount actually comes in from directed from you members. but that's

a very small amount. so if the data is there, if these sales, if the route that these chips are taking can be tracked, why isn't there done more to stop this circumventing these sanctions? this is a very good question. i have the notion that some customs and police authorities in the rest of them, so it may be a bit behind. it may be a question of resources or privacy, but it also may be a question of actually getting access to the route to the right data. so uh, the customs dates i am detail for us new ports. they are absolutely available. it is possible to acquire them directly and to monitor these in a quite effective way. unfortunately, we don't think that is always being done,

and that is something that should be easy to fix from the west side. let's. let's take a look at the producers here among them. uh, obviously the, the big german ships producer, uh, infinity and um, do you believe that these companies are actively trying to get around sanctions and rules? are they acting in good faith and then their products are being abused? that's very good question. and of course it's difficult to answer because the producer would have to answer about themselves. but we're going to see is on patterns, of course, in the trade, when you look up the data on, we're talking about data on trade routes, hundreds of millions of dollars for all of the digital company and producers. we do see that there is a kind of consistency and some of the trade, for example, there are

a few russian importers taking up a lot of the impulse. there are few asian traders facilitating a lot of the trade. i've such a big uh, patterns and such a red flag. so to say, i think should have been seen. it is not so difficult for big companies if they have probably direct rates or saucers internally. it's actually a event defy and detect and see these trade going on. and it is possible to really kind of monitor orders over time and see if the producer from softball coach uh, take some measures towards um, traders middleman retail at several island beard vets. head of consulting from co risk or orland. thank you for your thoughts. thanks for watching. the marriage is

forever. divorce is forbidden in the philippines. some believe that what god has joined together. no man should ever tear apart. even if that man abandoned this family long ago, so far, all major reforms have failed. but something in the societies mindset is changing for us. next, d, w. the global energy transitions presents a number of major challenges. and there are plenty of years in the race to save the climate problems and solution in transforming the energy sector made in germany in 60 minutes on dw,

the what there's to us that's why we listen to their stories. reporter every weekend on dw the island, queens, how women and didn't even sound, keep the peace in that community. to death. the pods fly. tying the note to remains popular in the philippines display to ban on divorce and taking the limelight. women in saudi arabia, a revelling in new freedoms. the

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