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tv   Business  Deutsche Welle  June 21, 2019 8:30am-8:46am CEST

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they're going up. as an astronaut she took part in the greatest adventure in history. for a. better world there is. room for legend one simply. new armstrong starts july 20th on w. . e.u. leaders united in declaring another 6 months of new sanctions on russia over the turmoil into ukraine but the divisions are made over the russian gas pipeline project to europe. also on the show flag not slacking off at all it shares soared after going public. i don't want to hold your breath for this long because we're
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visiting an underwater winery. this is the doorway of business i'm john mellor berlin welcome european leaders have extended punishing economic sanctions against russia for another 6 months the sanctions include curbs on russia's valuable oil business as well as the fans and finance sectors of the bloc 1st put sanctions on russia after moscow and acts crimea from ukraine and march 24th teen the e.u. is now applying fresh pressure as it amounts of russian cooperation in the trial of 3 russians and one ukrainian accused of shooting down a bill asian passenger plane in crimea in that year all $298.00 passengers were killed. you leaders however are not united in all matters russia the nord stream to pipeline project to ship gas from russia under the baltic sea to germany has put berlin at odds with eastern europe. the u.s.
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who worry about moscow tightening its hold on europe russian state media reported earlier this week that the pipeline is nearly 60 percent complete. construction is a ready well underway and if all goes to plan the north stream 2 pipeline will be completed by the end of this year it will cover a distance of 1200 kilometers and to set to run parallel to an existing pipeline north stream one the new route is expected to transport some 55000000000 cubic meters of gas from russia to germany each year the pipeline means russia could meet more than half of germany's demand for gas opponents of the project say europe will become overly dependent on moscow to meet its energy needs among the biggest critics is u.s. president donald trump who has threatened to impose sanctions on companies involved in the project. one country that's yet to give north stream to the final go ahead
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is denmark something that analysts attribute to lobbying from washington and it's not just geopolitical issues at play profits are also a factor the u.s. is keen to increase sales of liquefied natural gas to germany but a lack of terminals for gas tankers is an obstacle the closest ones are in zebra go off the coast of belgium rotterdam in the netherlands and we know to in poland in germany plans are in the works to install terminals and. start to talk. and as well as a shortage of infrastructure there is the premium cost of american fuel buying gas from the us instead of from russia would cost germany an additional $4000000000.00 a year according to some estimates. for more we're joined by cloudy comfort professor of energy economics and sustainability at the german institute for
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economic research good morning so just this month president donald trump said that he was considering sanctions on the firms involved in the north stream to project what sort of effect could these threats have on the pipeline. well the project the pipeline project that's already continue it's unlikely that that will be stopped by the end of the year the effect to get sanctions and. cost negative impacts especially to those firms were active also on the west market and that's that's a threat and the other one is the political impact because germany has to react. government puts a lot of pressure to germany here and reactions already that they want to install an infrastructure in germany. but. a real alternative you mention this infrastructure hurdle but what about the cost you know the cost of
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. u.s. and energy is very expensive it's very high and this is why it's not really an eternity of l.n.g. is an option to germany as well we always recommend it to increase the l.n.g. infrastructure in the past already instead of those pipelines which are very expensive and the gas demand will decline in the future so we don't need these kind of pipelines but we. structure but they are other export. suppliers in the market and the u.s. . is also environmentally questionable and this is why we should also import and from other sources. given that however i would like to go back to the criticism does a germany really risk over reliance on russia in terms of this gas line project. yeah we increased the import dependency from russia because of those project it's
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the dream to pipeline is very expensive we don't need it because the gas demand will decline in the future and it also contradicts all climate goals because we want to increase renewable energy and not we don't need fossil fuel infrastructure but the energy might be an option because we are more flexible and would be less dependent on russian gas imports and this is why we should focus more on and then she is specially also for ships which need to change the fuels in the future thank you very much that was cloudy a comfort she's a professor of energy economics and sustainability at the german institute for economic research thank you very much for your insights thank you slack shares soared 50 percent in its wall street debut giving the workplace messaging app a valuation of about $20000000000.00 slack says 600000 organizations use their software the san francisco based company made a loss of 140000000 dollars last year but it's growing quickly slax listing is the
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latest in several highly anticipated tech i.p.o. . companies mover and last video conferencing company zune and digital scrapbooking site pinterest have all gone public in recent weeks they haven't all been successes . joins us from the frankfurt stock exchange daniel in a market already crowded with messaging apps why has slack gotten such interest. yes you know rajan now this is a very extremely i would say already crowded market i was just checking my phone i use what's app i have telegram i have a team wired what are all of our viewers of course don't know when we both talk and discuss our live shows we also use a work mess and showing apps so those apps are also considered by investors is way more popular when you compare them you know to the regular e-mails that you know
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used to be way popular some years ago those kind of apps are considered as more efficient and also of course more faster and when you talk about this apps like they are considered right now in this industry s the number one app and they are have their competitors such as microsoft or google indeed maybe we should try slack at some point but daniel are we seeing a trend towards smaller tech i.p.o.'s being more closely closely watched after blockbuster ones like liftin over. again those public listings are usually very exciting for investors because they create lots off public attention but you're right in many cases they don't turn out into a success story and also when we talk about slack also this i.p.o. is considered as kind of a risky they decided for direct placement which means that no investment banks are
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directly involved in the public listing but all of this is considered as kind of risky so yeah it's going to be very interesting to see if slack turns out into a success story or at the end in a nightmare for investors thank you very much had daniel cope there in frankfurt for us taiwan's that richest man terry says he will cede control of his tech conglomerate foxconn to a committee while he runs for president that leaves the apple supplier in uncharted waters. foxconn is the world's largest contract electronics maker and assembles gadgets for major international brands including apple and huawei at the company's annual general meeting in taipei go who has been at the helm of foxconn for more than 4 decades announced he would be stepping down. i have already decided to fade myself out from foxconn i already decided to hand over the
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operations of the company to the 9 person standing committee of the management committee i have a lot of confidence in them and i think all shareholders can rest assured they will do an even better job than me. whose company is china's largest private employer plans to run for the beijing friendly comment turning although he still has to win the party's nomination. now listen up because this is no sailors they are somewhere in the depths of the contat rian sea off the spanish coast line large chests filled with bottles of exquisitely aged wine just waiting to be raised from the sea but here's a deep dive into chris so a treasure and underwater winery. show is no ordinary diver he's a wine maker on his way to work and his wines are aged 20 meters below the waves made from temporary neo and other spanish great variety the wines are stored for up
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to 18 months water pressure total darkness and constant temperatures accelerate the aging process and add complexity to the one. hour winds can be slightly disconcerting at 1st that's because you kind of associate them with a specific region of origin but the true flavor of the great comes through their silky and easy to drink. the price includes barnacles and seaweed $1.00 bottle costs between $50.10 euros. we realize the sea offered us an opportunity to develop a new project. we've seen in other places how bottles recovered from ship wrecks got good valuations at auction both in terms of viniculture and economic value. so we thought of the sea had a hidden secret that allowed for the wind to evolve differently than on land. which . the underwater wine cellar is located 25 kilometers from bilbao in spades
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basque region the government has provided the company with 500 meters of sea bed because the winery also functions as a kind of nature conservancy. placing the winery there. we create a protected space where many species can hide and build their new home for us it's very important to help the sea and the ecosystem and. the wine is a treasure from an unconventional wine it's just waiting to be raised from the depths and above all to be tasted. that's it for me and the d.w. business team here in berlin for more check out. business thank you very much for watching later.
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bursts. of species. words. those are big changes and most start with small steps but. tell stories of creating these people and innovative projects around the. country
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the touch screen machines and the 1st issue. interest has come to teaching the next generation took such a. music channels available. and more determined to build something here for the next generation. 3000. hello and welcome to our latest news from arts and culture toni morrison is america's 1st lady of letters and a cultural force since her 1st works of fiction were published back in the early 1970 s. well now a new documentary illuminates the brilliance of the writer outside of her books we'll talk about bat and here's what else is in the works. yet another documentary
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shows off the prussian cultural heritage foundation's vast collection of artifacts from all over the world comprising what is known as berlin's treasure trove. and italian photographer dan brown you know is work is a feast for the eyes and a rather off kilter mirror of the soul of his famous inspirations. well her writing career is all inspiring toni morrison a nobel prize winning author and from today's perspective it may be kind of hard to imagine how long it took for her author of the bestselling novel beloved to give the african american story its rightful place in the american canon well now a new documentary about her life the pieces i am puts her work into context and when it's over you feel as if you've spent 2 hours in her excellent company. might
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. get it was illegal in his life to.

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