a pile of money right there, which is these russian central bank reserves of $300.00, something plus $1000000000.00 that can be drawn on to fuel the gap that donald trump will leave. feel proud, a pleasure talking to you. fantastic. thank you for breaking down the numbers for us on a very complex, complicated issue. thank you. you know who these are a doc and cultural shifts and that i've seen this go skin retaliation before the war and gaza, who either who gets an on toilet to go and religious rebel group from yemen, backed by 8 on for you or somebody ok. have for these attacks, the direct trip to international call most and many times security. they have responded by jointly cutting out strikes on who the targets in him and germany and other europe. emissions are also considering naval emissions. but this be the pre

goes to the next regional conflict, especially with key players like it on. and so there may be a involved in this conflict sandbox and global trade are already evident, leaving to supply shortages and production costs. so today on to the point we are discussing, who did tax on global trade is the middle east conflict escalating the hello and welcome to to the following don e shop hockey. a sign in here in berlin. and today we have 3 good news, dylan bill now he is senior editor at the german newspaper given next on the bottom of we have bundling phone bundle sheet of senior correspondent for the british magazine, the economist. and finally, we have talked to elizabeth candice joining us from london,

2 semesters off girls in college. cambridge. oh, very well, i'm better come to you all. thank you for joining dante. let's start with you. let's start with the impacts of what's happening right now with these strikes, end of etc. well, the impacts on world economy already that although we don't feel them, let's remember this boots the red sea, which the these are currently having in a tow cold is one of the most important shipping routes, in which rate whatsoever. the trade that goes through the comprises about 15 percent of words rate. it's the main trade route between asia and europe. so 2 of the most powerful play is the reason why we're not feeling the full extent of this choke, is because the shipping lines that usually transport goods through the red sea, on now taking away around africa, which raises the cost of transports enormously by about 20 to 30 percent,

but at the moment, shipping companies are taking these losses upon themselves. but if this goes on for a long time, then they are liable to costs on these costs to the clients and those clients, namely the companies who input goods will pass them on to consumers at some point, which i mean, it's just kind of high, it's 15 percent of what seaborne trade not well trade in total, the people in that but this is going to be borne by the customers. uh to monthly as most of them. i said if, if, if the country continues and it looks like that, that this might be the case. yes, at the moment, you know, it's tripping companies are absorbing it and companies absolving is. but it, this is relatively new. so as you know, as the weeks go by, yes, of course we would all be effective buys right now before we get into the details of global trade and what's going to happen and how the prices are going to increase . i'd like to go to elizabeth elizabeth, now we know the who these have been active since and 1990. we know that they've

been targeting the cargo ship since the last couple of months. but if you can just put things in perspective for us in context, who are the, who these exactly invite, obviously are relevant. or here's these uh, a group that emerged in the northwest of yemen. that's just a corner of a vast country. so they might not seem that important box over the past 10 years, almost 10 years during a civil war that's been raging in the i'm and the who sees have managed to take of the territory on which about 2 thirds of the how many population lives. so that's about 20000000 people and their religious group, political groups, a military group, all the same time on that olympics is very much informed by the religious outlook. that political is cooled on sort of law, which means supporters, partisans of gold. and the slogan is very similar to the wrong with you,

and they also share a she e based islamic face. i should just say that the who sees do have a slightly different brand, if she is them, but they have the same slogan, desk to america, dest israel, a cuss on the jews. and victories is slum. so having them in that area or if you haven't, that so heavily populated, feeling confident of to well, 9 years of civil war and well and supplied by iran. that's a very dangerous moment for us. thank you. now i know we could have a whole show on who the, who these are and how it started and what's happening right now. so thank you very much for very briefly explaining us what it is. and this is a very crucial route. so the american and british naval forces in the, let's see, have launched a series of strikes against will be to both dogs across given us president joe biden has said he will not hesitate to take photo military action if necessary. but

the u. s. has also made clear that it does not want to see a vitamin conflict in the middle east. fighter jets are taking off their targets, the hooting melissa in yemen, cleaning salt, and the us. the great britain and other allies are launching dozens of assaults against the who t's who are attacking international merchant ships on the red sea. the e u was back in the military operation with a naval mission start to stabilize the situation in the red sea. germany also wants to participate by sending a forget thousands of people have taken to the streets and am into protest israel and the usa who they see as the real aggressors. and who the leadership is showing signs that they are willing to escalate. in the, the american and british enemies bear full responsibility for this criminal aggression against us and our you many people. why don't you this will not go on

punished or on, answered the doing already got the she had who to militias, supported by, you know, on controls, large parts of human since the beginning of the call, the war, the cooties have positioned themselves as allies of home us or the us and its allies falling into a deal political trapped in human. let's go back to elizabeth again. elizabeth, do you think the rest is falling into your political trap and human? it's it's really a strong possibility. now we have to understand the west is in a drawing of the us, especially this is really hard because on the one hand, they don't want to get in broiled and another bowl in the middle east. but only although they've run out of options other than military options. they've tried sanctions, they've tried cutting the flow of funds to use these. they've tried this international maritime falls in the red sea as

a deterrent. and they've been passing away marseilles and drains. but it really hasn't done any good. so now we've moved to a situation of direct military action. i don't think it's going to work out well. so yes and not sense. it is a truck. we have to remember that the who sees often 9 years will have already sustained over 25000 strikes by saudi arabia. and it didn't make that much difference. also, the holden's bye to us, they've managed to keep out. they 2 of the middle east, best invested ministries. so i'll be right back on the united arab emirates for the best possible decade. and of course, it's an asymmetric, well, you know, it's was just thinking that the us weaponry is extremely expensive and it needs to be accurate. i talked to, you must be accurate. where's the, who's these? they can just carry on was much cheaper weapon rate and it doesn't matter if that accurate as you will to get so pointed out just creating disruption in the red sea

. that's enough to ultimately impact global markets. you mentioned saudi arabia now i know solid. you, anybody has been trying to push them back since 2015, and now we have you as a new kid, so there must have been some calculations behind it. but if cell derby has not managed to do it since 2015, what is it that makes us a new k to think these actions right now means one stripe or 2, they're not really going to help as well. i think there are a couple of elements here. number one, the us will have back to targeting civilities, the, the, the saudi arabian strikes, what, not always, not well targeted by, according to the human data project, about only about a 3rd of saudi strikes actually hit to talk it. but the 2nd thing that play here is i think that the united states and u. k. felt that they would look weak if they didn't respond. and of course

the opposite is also true. perhaps this wasn't well for 3 because they will send a week if they do respond down to it makes little difference. it could also have just been a piece of a mouth miscalculation on deposit, the us and u. k. perhaps they thought that to show a false would hope to hear these back. i think that's wrong because the who sees actually stands to gain from these strikes. the reason i say that is that it feeds directly into the narratives of the united states as an aggressor in the region. one thing to launch a war against is long, so that is how they will pitch it on to many people. that is how it will look. so thank you. so a miscalculation may be from the west side down and how do you see it? there was also a calculation from the who think side as elizabeth mentioned, they seemed to be profiting from this. so they knew that if they are back in the, let's see, they're going to get it back in response to that. how do you see the whole scenario?

i think the, who with these all gaining from the situation on tofal elizabeth is completely right before that they were one of the warring parties in yemen. now the who was these have to be, have become an arab superstar by assuming that small melisha that is taking up the huge military might of both america and the seemingly invincible israel. they've gained a lot of status, and i think it wrong is also gaining because they show the kind of black mailing potential they have through this position on the red sea. but i wouldn't go so far as to say about the world. the west is miscalculating, that the west had to step in the uh, not least because of the economic interest that it is west and companies that are doing bonding from the west to do something about it. and also if you look at it after them into, from an international perspective, it cons be permitted, but

a small melisha cuts off of such vital trade routes have to be done. and in that way, the west was also able to co op powers to it's middle east strategy, which wouldn't be part of less than middle east strategy. so far, that is the united nations security council resolution of backing these the techs on the who would fees. so that means that china and russia in with west, in this who normally all the, i'm sorry to for the wrong. so although there is no military solution to the with the problem, i think the west has gone in the right direction. and it has actually gone up support for reducing all display as china, the show we have middle east, you as you can, your how do you see the situation? would you say that the current situation is a result of mismanagement of them in crisis by the us? um, i wouldn't say that it's because i'm to now the us has not paid

a huge fraud and the human crisis. and i think what we're seeing now, you know, there's a lot of debate about whether the country is, is, is escalate the intervention. i think it has escalated. so we're, we're seeing that the, the question now is how much and how much more will it be us be prepared to interview so, so we, i think at the, at the a, quite a crucial point of the whole conflict. and the hope of course is that the, you know, that is at least remain stable. you said it has escalated, do you think it's beyond control and i work on it? so it'd be contained the situation. i think it can still be contained by that. but it's, you know, it's a conflict beyond the cause or conflict, which is what, how it stops. right? so, so you know, that's so many different areas in the region way who you know, where, where, where conflict has accepted in northern israel, in human, in the betsy, you know, wherever you look through this sort of something going on. now, who is like,

come us about and do you have an interest as network of done is how difficult is it for us to target them. lo and behold, from elizabeth to that of us, of better equipped themselves, of course in this case, but still how difficult would it be to talking them, especially considering the civilian population in mind. so it's incredibly difficult to target them. there is so far, only one means that the us have and that is area level and there is no scenario for which likely with ease of better prepared then ariel wolf or they've been climbing and defending themselves against saudi strikes for years and years. and that's true, my personality is of very inaccurate with them being because they have very the practice. this is why pilots used to fly very, very high in order to protect themselves. and that to made those strikes, so inaccurate and so terrible for the civilian population. the americans are better at that, but the who fees are very mobile bio. they have moved the units very quickly from

one point to the of the in order to hide them as files and drug goods. and uh, they have this training, it will help them tremendously. also, it gets to be americans. there is no way if the americans will eradicate. they have a valid train, the hub, backing from it on elizabeth is on, has denied having any connections with the ex, around saves. we do support with these, but only politically is anyone really buying that argument? i don't think anyone is buying that so ok months it's certainly true that the who sees and sees yeah. sticks to these attacks for their own reasons. works very well for them domestically place to that base. it's wins and bro, to support actually it's one of the most popular things that he sees have done over the past decade. and of course it increases by leverage with saudi arabia who is trying to extract itself from the many civil war and internationally. it's built in a more publicity than anything else, but they would not be able to operate at this level. were it not full?

it radian supply of much more sophisticated weaponry training and also intelligence. i very much agree with what daniel has said. i think the who's these are able to cope with these attacks against them and they might be degraded, but they don't have to be sophisticated in order to continue to disrupt and they have a lot of experience of that. what i think they have calculated is that the us is extremely unlikely to get into a boots on the ground situation in yemen. so a couple of reasons. first, they've seen that the us was retreating rather shamefully and sample, at least from afghanistan. they didn't do that well in iraq either, and it's unlikely that they would want to gets in the 4 t m and election year. so i think that that these have probably got time

on this side and also support on that side, at least an to something can be done about israel and gone so and therefore take the moral high ground away from me. now, elizabeth mentioned the election. yeah. what does by to the strategy going to be like, it's a very crucially over by the yeah. and he has to focus on domestic politics and hung on his space on his boot test. but he could not, not respond right to the attacks and international shipping. so in that sense, i think he's done the right thing and he would continue to do that as long as to who stays continue to attack international vessels and stuff needs the ones in that complex. but i think just more generally. so that's, i think what he's going to do, he will, as long as this has to for that he will continue to, to do what he, what the americans are doing. now, china has not responded to this, but india has the indian foreign minister of talk to it on about it and hesitates grave concerns. now, do you think that would make any difference in the situation under contract?

unfortunately, i don't think if we make much of a difference in the of raising great concerns. no, i don't think so. daniel, i think india in itself. maybe not, although they have been receiving a regular oil at the time of sanctions. so they are a customer for him on a so those deliveries where you mainly on the radar, what i think is more decisive. here is china. and although china hasn't commented on the whole, the a situation itself, it's china has started criticizing drones, actions. think about the bombings in pockets time conducted by yvonne, which we have slightly scraped china has come down about. and that's decisive because both pocket stone and long key allies to china in its middle east strategy . so we also see the china as unable to keep older, even among its own allies and the economic situation with the disruption of bureau, asian trade. that's a major economic factor for china, which is in

a bad state economically. so china will be likely to step in at some point if this goes on for much longer. i think that last point is very important. the economy is it's, it's not in great shape. you know, 5 percent for the 5 percent of crisis is by low by chinese, send us and a full for he to remain as strong as he is. now, you know, he's over the we can find that you cannot make problems at home. so he didn't, he would want to contain this and, and so i think the chinese was step in sooner rather than later. and then we're already part of the security council resolution on the host east. so they are starting to step in, even though interestingly following the united states, not replacing them as a provider of what. mm hm. so india has china really probably will end in businesses majorly hit by the facts and the red c as 80 percent of its exports to europe. take place. why, of the stuart? and it's not just india, about $17000.00 ships go to the so is going out every year,

amounting to one trillion dollars worth of goods. so the impact on supply chain seems inevitable. the ships are the target, whether containers or tankers who do rebels are attacking in capturing merchant vessels been kidnapping their crews along the red sea. the main route between europe and asia. every year, a 3rd of the world's container shipments passed this way. now ships are avoiding the red sea by sailing around africa, a 5000 kilometer detour that more than doubles the journey of time and expensive deviation that's increase the cost per container by at least 50 percent. the large companies are complaining about their 1st supply bottlenecks, including tesla and brandenburg. the assembly lines of the plant near berlin has been at a near standstill for 2 weeks due to a shortage of batteries from china. according to internal information from the european external action service, the economic damage caused by the who, the rebel,

a tax currently amounts to around $360000000.00 euros per hour. how much damage are the who t, a tax causing to global trade? $360000000.00 euros for that's actually your calculation. that's quite a bit. is this going to be the new norm as well? to be quite exact. it was a calculation, but mine use paypal uh golf knowledge of that was made with in the european next to the election service. but we were the ones lucky enough to report it for us. it's of course, a tremendous sum. it's about billions every day. and if you also think about the structural impact, the kinds of goods that are affected by that to you, see the magnitude of lot, remember that's most micro chips that are built into any goods whatsoever. come from asia, most of them from taiwan. and these deliveries also use the route through the red sea. now think of all those goods of all those devices today that contain micro

chips. and that goes back even to households movies. so what happened and over time . exactly. and if this is disrupted, then the impact is huge on how the company, right? the detroit is leading to an extra 10 days of shipping time. and the extra time means extra cost for the companies. and the extra cost would obviously be borne by the consumers. so it shouldn't be prepared ourselves for a global price hike of consumer goods. um, yes, we should prepare houses for that. and this fits comes as a time when inflation, at least in europe, has just sort of started to go down a little bit. and people have breathing a sigh of relief, so it's not a good time, but i think we need to prepare also. so exactly that. and what about oil prices? there's a lot of speculation about that as well. so in here we need to be prepared for high or price is high up higher prices for petrol. it's not of a cheerful prospect that we need to be prepared for beth times. elizabeth,

now do these have want that'd be able to continue doing this for as long as the water and goes, it goes on really this warnings back feo or will this deal think of any chance of this leading to a fees file. you know, i'm, i'm very, i'm think it's just very, very unlikely. a sci fi is not something that they use, these are looking for. they are in fact still recruiting and they're recruiting on the batch of what's happening in gone to the promising to send, send you recruits to help palestinians. but in fact, they all being deployed to friends around gm. and this does not look like a groups that's seeking piece. now over the united nations, let's electrical process. looks like it's on the costs. in fact, now that these, these have just been designated a terrorist group by the united states. that process could be in jeopardy. and

the who sees if the know in the political process will likely continue that will i see that around patient as going south towards the babylon. monday, straight on the full. i think that this is going to be a long war they have use on that side too. so that wouldn't be any ends to this disruption, but for how long come to sustain, i mean human is going through a humanitarian crisis. that's right, but the, here's these off. they have quite a high tolerance, full of casualties and full misery inflicted on the populations. and one was asked to remember that they have been at war for almost 20 years. if you count the civil was in the north. if you on, on from 2004, i'm sorry, this is a group that has seen rule as a way of life and with a huge population, with over 50 percent of them are under the age of 20. and so it will have only 9 more, and that means that it's going to be

a loan whole trying to disengage that young population. that stuff with propaganda from the war and conduct for nation counts over the summer as unless the us talk, it's really, really successfully manages to degrade an enormous amount of fitness equipment and they haven't hidden on the ground. and none of that, as i, i see happening, then i don't see how this will end any time soon. so this is going to be a long war. is there any other thoughts possible? so if your last policy of, of, at the end of the show, hopefully well that will will for sure, take almost half the take as long as the conflict and the guys continue. so if there is any resolution, any time soon, that's a good chance that they could end, but sadly, it doesn't look that way. so we have to prepare for high prices, oil and consumer goods. yes, although i agree that the war itself will go on for a long time. if you need not affect the world economy for a long time,

because the sponsors of the who sees china, yvonne mainly will not tolerate this on the pressure of to on thank you. so this is going to be a long war. that's all the time we have. what do you will think about the attacks? and then let's see if you're watching us on youtube. do let us know your thoughts, goodbye the on the

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. this is dw news live from berlin tonight, pakistan to in the wrong. launching tit for tat air strikes against each other in pakistan says and attacks milton high balcony, ron, in retaliation for it, raining and strikes within its borders. just a day earlier, also coming up tonight, medicine and aid arrive for the people of gauze of the shipment of supplies is desperately needed, but there is no lit up in the fighting. at least 16 people from one family were killed in an air strikes that destroyed their home. in rough up, plus a stand off in state of emergency in ecuador, drug games clashing with security forces,

and they prosecute. are investigating the storming of a tv state.