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tv   Business - News  Deutsche Welle  December 6, 2018 12:15pm-12:31pm CET

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plus more on the arrest of a top executive at huawei that's all coming up with money in business in one minute . where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. shadow and a few newspapers with official information as a journalist i have worked on the street for many characters and their problems are always the same fourteen source an inequality
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a lack of the freedom of the press. corruption we can afford to stay silent when it comes to the fans of the humans on seeing the right to fold who have decided to put their trust in us. my name is johnny carson and i work at the dollar do. you mean. the people at the. opec look set to define washington the price of filling up could soon be climbing up as the cartel says it wants to reverse slumping prices. also coming up possible new troubles for the u.s. china trade truce with washington seeking the extradition off a top chinese executive being held in canada.
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welcome to do business i want to get jones of berlin good to have you with us we're starting in vienna where the latest a bi annual opec meeting is underway u.s. president to donald trump has already urged saudi arabia opec's de facto leader to refrain from output cuts in order to keep oil prices low opec has made a plan to cuts in on output effectively conditional on the contribution from opaque producer russia. it might thrill drivers but countries relying on oil exports to finance their economies on tapi about current price levels for the last three months has been heading steadily downhill at the start of october a barrel of north sea brant crude stood at a respectable eighty six dollars by the end of november it was struggling at fifty seven dollars though it stabilized for now at sixty that's causing oil producers
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a lot of financial problems so much so that the organization of petroleum exporting countries has put production cuts high on the agenda of its latest vienna meeting. if. you. want to see where you. can see. economics one zero one if output and supply falls prices rise. the u.s. is by far the world's largest oil producer at fourteen percent of output russia is the second largest candidate is way behind all three are not opec members uniting fifteen countries opec is responsible for forty two percent of global oil production giving it the main sway over pricing the organization is most important single member is saudi arabia which alone pumps thirteen percent of the world's crude supply but not everybody is happy about the idea of falling supply and rising
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prices least of all us president donald trump he appealed to opec on twitter not to cut output at the same time though none opec member russia said it's ready to implement output cuts as has opec heavyweights saudi arabia the talk in vienna is of a one percent production cut. of a more and opaque and the oil market in general i'm joined by claudia kemp the energy expert at the german institute for economic research good to have you with us let's let us start briefly with well the unity or not unity disunity of opec i mean saudi arabia of course the fact a leader of opec is it still speaking for all the other member states i would say no because the opec a small fragment they do not speak with one voice and we see that three countries at this moment play an important role on the international on market that is first saudi arabia that is russia and the u.s. so it's not opec who place really
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a big role on the international market especially when it comes also to the price cartel i mean of course we've seen qatar already announcing that it will leave opaque is this just the tip of the iceberg i would say yes but we see that the opec is losing a power more and more and the qataris create some result out of out of this shrinking power of the opec and we will see how it will go on but of course it's important to russia we do and what the u.s. itself will will do because they are becoming more country and they are increasing their oil production and are interested also although the opposite they're interested in high oil prices now of course i mean that we have a quite interesting set of brush on the one side the united states on the other not necessarily seeing eye to eye on many many issues and then you have saudi arabia in between what common interests to saudi arabia pursue with russia where they're
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interested of course and high oil prices of course they have also some connections on other political issues but they are both interested on high oil prices because their country is very much rely on oil exports and the income which comes out of it and this is one reason why they stick together and want to have. high overpriced now but will be defied donald trump and he mocked the saying you know don't talk to oil prices what trump is ambiguous because of the one hand he says we want to have no lower gasoline prices in that in his country for his voters on the other hand who represents also the oil fracking industry and they want to have high or prices so i would say the opec a will most likely also agree on an opec reduction production reduction or cut or oil production but we will see how trump reacts definitely very soon afterwards i'm sure about that claudia comfort energy
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expert at the german institute for economic research thank you so much for the time thank you. asian markets dropped today following the arrest of one of china's top business executives in canada while ways global chief financial officer was detained in vancouver and is now facing extradition to the united states the rest is allegedly related to violations of u.s. sanctions against iran one shoe is one of the vice chair on the chinese technology companies watch she's the daughter of a company found when fake beijing called for maine's immediate release can a deal officials say a court hearing has been set for friday away as one of the world's largest make is off telecommunications equipment. right there is a big and complex story let's get some help from andreea hang our correspondent in
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singapore and dre at the the c.f.o. of a major chinese tech company has been arrested and could possibly be extradited to the u.s. allegations range from espionage to breaching sanctions on iran tell us a little bit more about that company way. well what we are is one of the golden child of chinese technology we overtook apple this year twenty eighteen as the second largest smartphone manufacturer in the wold just writing behind samsung and it was to tell it to even take a samsung in the coming years although we don't know that that's ever going to happen now with this arrest what we also links set ranks seventy two in the forbes global five hundred list and according to a report was touted to have it's twenty eight hundred revenues exceeds one hundred u.s. a billion dollars so it's a major global player certainly the pride and joy of beijing as well
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what's this incident mean for the current trade war truce that we see between the united states and china won't help. well certainly especially from chinese lenses this seems this is going to have a dent on the very very close truth that the u.s. and china hope to have especially in the in the days that have just passed now i don't know why did your political level the chinese as the first response as well rather angry and shop calling this a broader strategy on the u.s. is part to attack on china in particular in regards to the treaty and some of these comments are roy unfiltered from calling for the immediate release of mean when so . to the diff and the defense of anyone so to calling this is the broader part of a broader attack on the u.s.
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a spot as i mentioned and to even even calling for the boycott of apple products as opposed to hallway products in china and you know as we know apple is a u.s. tech giant so it is calling for the by quite of the of us origin product as a result of this of this fiasco ok. from singapore thank you so much. it's a milestone for millions of cubans as of today they will be able to access the internet on their mobile phones with a new three g. network cuba is one of the world's least connected countries only five years ago the internet was largely only available at the island's tourist hotels now that's about to change. cuba's like from behind most countries in web access whether because of a lack of courage a long running u.s. trade embargo or government fears about the flow of information but with public wife i hope spots cybercafes and slowly hooking up homes to the web provider has
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made connectivity a priority. now a range of mobile phone packages has to be rolled out as well as say the c.m.s. app i did the last or children december the sixth at eight am we will have a very specific set time for this the internet service will open for mobile phones this is been something that the people have long been anticipating. many cubans complain about having to brave insects on the elements at the public hot spots which also like pretty. well when the water is great imagine being at home and already being connected i don't have to get up and go to a park and find a hot spot. however thirty dollars for a thirty day four gigabyte package the new network will be beyond the reach of many even if the government says it will boost the economy and help the country defend its revolution online. today is a favorite day of the year for kids and adults alike in many countries here in
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europe the sixth of december nicholas day the figure on which santa claus is based is not here in germany nikolaus and celebrated with a frenzy of sugary gift giving throughout the country now the confectionery industry here has produced one hundred forty five million chocolate santas this year for the festivities slightly more than last year two thirds of that will be sold by retailers here at home the rest goes to exploit worldwide the amount of sustainably produced chocolate santas has been expanding rapidly in recent years in two thousand and seven only three percent of them were sourced sustainably last year that share had grown to fifty five percent now that's good news you're watching d.w. the business update thanks for keeping us company.
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i'm. living in the conflict zone on a sea of azzam from what impact are tensions between ukraine and russia having on people's everyday lives. as old fears are still. to people there still have hope.
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next on d.w. . enter the conflict zone confronting the powerful. over the course of his short life jody's farm writes if he thought he doesn't have it so good my guess is we hear about is because he's defeated gael cause they're asking. what kind of foxy is the a.f.p. going to be. conflicts. in sixty minutes t.w. . anxiously waiting. waiting for lifeline to syria good morning where i get it why don't you answer. every call brings them closer together.
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but it hurts because they feel powerless to help. the continues to haunt those who fled from syria. losing. the war on my phone our two part documentary starts december eighth on t w. it to a. fellow in a very warm welcome to focus on europe with me peter craven and we begin with the tensions that are once again running worryingly high between ukraine and russia only a few days ago just off the crimean coast a russian coast guard ship rammed
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a ukrainian navy tugboat close to the bridge over the cash straight as free ships were attempting to enter the sea of us solve.

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