ah, ah ah ah, ah shlou where i come from, we have to fight for a fight breath. i was born and raised in the military dictatorship with one tv channel and a few newspapers with official information as

a journey i had work on the trip of many countries, and their problems are always the same. for do social inequality, a lack of the freedom of the press corruption, we can afford to stay silent when it comes to the defense of the human from stephen whitefield. both will have decided to put their trust in us. my name is candy perez and i work at the w ah ah, our intel is in the eye of a chinese social media storm. the chip giant has apologized to its customers and the general public for a letter to with suppliers will go to new york for more details. also coming up, europe's energy crisis deepens as russia supply of natural gas to the remains in

question. is moscow playing politics with gas deliveries? we take a look and we take you to the canary islands, where hotel operators are once again facing a wave of canceled bookings due to travel restriction. welcome to g w a business i'm chelsea delaney. thanks for joining us. joe. biden has signed a law banning imports from the chinese region of jong and already one major company is facing retaliation in china. that is in tell the u. s. semiconductor manufacturer that has apologized for angry the chinese government after it call that it suppliers to avoid goods and services and vision. john region, the company set, its intent was to comply with the new u. s. law. the united states, the european union and other countries, have accused china of a brutal crack down on the muslim, weaker minority, and the use of force labor camps. and john, now for more on this,

i'm joined by our correspondent ins corda in new york, now yen unto has apologized, they said, and i quote that it isn't their own intention or position to ban products from sion . john, but are those just empty words given that intel does have to abide by this law? well, i mean, it clearly is diplomatic tip toeing at this point. and i mean the us senate has just passed a bill in the last week. so we really have to see how the companies will deal with that in practice. so it's really a bit to, to, to tell if it's just empty words from him. tell how difficult is it for american businesses to cut this entire region from their supply chain? well, i mean, the radically, the bill says that when you can prove that no forest labor is use, you can still produce in the region. you can still work with suppliers from the

region. and clearly, i mean with the supply chains. everything being so collected in our, today's the global well, that definitely not easy to make changes from a one day to another. and we've seen a lot of companies get hit by back lashes on social media and china over their statements regarding ash and john had not had an impact on their businesses. well, i mean, it's really always a tricky to tell what precisely is hurting a sale. so because we did see a couple of companies, them having some trouble in china, but also because the inventory is low in general, have all those supply chain issues. so it is a bit tricky to really pinpoint it to it for if social media and china, for example, does cause some chinese to confuse consumers to stay away from us, the corporations and abroad. i mean,

one thing is for sure it just take intel as an example, they make about a 4th of their revenue in china and hong kong. so that also definitely tell to how important the chinese market overall is for intel. and for a lot of american companies as well. absolutely. that's the core to new york. thank you so much. now to some of the other global business stories making news, a key measure of us inflation has risen at the fastest pace and for decades. personal consumption expenditures climbed 5.7 percent and over november, year on year hitting the critical holiday shopping period. inflation continues to run well above the federal reserve 2 percent inflation target. the us health regulator, the f. d. a has approved berks covert treatment, molded, molded peer of your merck and drug inserts. tiny errors into the viruses, genetic code to stop it from breed. producing a similar treatment from pfizer was approved

a day earlier. european natural gas prices have sort to do all time highs. in recent days, that is due in part to questions over the reliability of the european union's biggest supplier, russia. some you politicians accused moscow of using a gas supply as a political weapon that the charge that russian president vladimir putin has emphatically denied. guests from the yellow pipeline usually flows from here in siberia to germany. but volumes had been falling since saturday on tuesday, the guests stopped and began to fly back in the other direction. the more than 2000 kilometer long yellow pipeline links natural gas fields in russia with poland and germany via billers. it's one of the major routes for russian gas to europe. some western politicians and industry experts have accused russian president vladimir putin, of withholding deliveries to europe amid political tensions of the ukraine and nod stream to something that he denied during his annual press conference and the

volatility. and it was by them. they lie all the time. they mix everything up gas problem, supplies all are requesting gas volumes under current contracts. and not only that much, but it's also increasing the volume that we need ships in the contract. spokespeople for our w. e and univer, which are among gaz promised biggest gas buyers in germany, said the russian company was still meeting delivery obligations. but measurements show that gas volumes flowing through the memo pipeline have indeed been reversed. some western politicians believe put in wants to put pressure on nod stream to. it's another pipeline which is set to deliver gas from russia through the baltic sea, directly to germany. the e u has not approved the pipeline yet. some experts believe the kremlin is deliberately reducing flows to drive up gas prices in europe, and speed up the approval process. experts warn that consumers in western europe

need to brace for even higher prices. more cold weather over the coming months is going to drive up demand. now hotel owners and the canary islands had high hopes for this winter season. just a few weeks ago, some were operating with occupancy rates of around 80 percent. now that's all changing due to the omar con variance. the mag, i already here. 10 a reef tries to make this time of year beautiful, but not even christmas as suitable for exuberant celebrations this year. the island is reporting record numbers of new cove infections for hotel owners. the outlook is spitter. letter said i thought it in the booking sa getting shorter and shorter a week or 2 at the most. in january, i won't even be at 60 percent capacity. nanine. i own houses and bath hotel on

a polo ma marianna took out loans to get through the pandemic. she was hopeful that things would finally get back to normal, but instead of travellers insecurity as back in the gate, how do you have you ask yourself again? do i invest whereby things do i improve things that blocks you? it blocks me wrong. ha. the problem is not only the tense corona virus situation on the island, but also where the tourists come from. great britain in particular is struggling with high incidences. and the british tourists have to take 2 p. c. r. tests on their return journey is particularly affects manage a heavier capero. british tourists make up 90 percent of guests at his hotel, several $100000.00 euros, and revenue are gone. as thomason and christine looking saw down at this point, looking at the next 3 months, cancellations, and cancellation, ceiling on telephone. com to review. the outlook is not only dramatic foretells, but for the entire economy on the islands. is good even gonna be a tourism is

a major factor in g, d, p, and jobs in dublin. oil. employee of the new situation affects the jobs of monica alumnis. 2 and one manuel. and not only them, 80 farmers supply this cheese theory with gold and cow milk every day, but sales are faltering because restaurants on hotels are buying less product. boss candelabra. yeah. go to a guess. wonders, what will happen next? this is a live. uh huh. when we pick up milk from the farmers, process it and then half no sales. that's very stressful for the entire sector. if we now go back to where we were last year, that would be very bad for us. elaine, you bustle every mile of it in the for the currently there are about a 100 tons of cheese in the warehouse. 10 times the normal amount. the high season on the canary islands goes until easter vacation. so there is still time to catch up, but no one knows how long this current wave of infection will paralyze here up. now

in less than 2 months, beijing is going to play host to the 2022 winter olympics. an already interest in skiing has been exploding across china. but what happens if you don't live near the great outdoors? if you're in shanghai, you can had to the shopping all 6 year old li, wench one already moves like a pro. she trains irregularly. but lee is not on a mountain side in the great outdoors. it's an artificial ski slope on a giant conveyor belt in a shanghai shopping mall. i love ski. i come to ski 6 times a week. skiing here makes me feel the same as skiing on little snow leaders. she wants to win gold at the winter olympics. the games have brought winter sports to the forefront in china. and here sports fans can ski the slopes

regardless of whether and without having to leave this city. the entrepreneur ye guy wants to take advantage of this growing enthusiasm. he opened his indoor alpine simulator business with to austrian partners and wants to expand further woman in the next 5 years, we're in the mail and we plan on expanding into china's top 30 cities. put on woman that the number of locations will reach more than 300 day away light along any melman them. desert she she so and the number of indoors scheme, michelle michelle will be more than 1000 to see. so can i wait? i thought you changed and because they're here in the shopping center, shoppers become spectators who later might want to join in on the fun. and a reminder of the top business story were falling for you this hour. you as the my

conductor giant intel has apologized for angering the chinese government after it called on suppliers to avoid goods and services. in the jan john region, the company started intent was to comply with the new u. s. law banning imports from the region where chai, china stands accused of birds, brutally depressing the weaker minority and you're up to date with you w business. i'm chelsea delaney in berlin for me and the whole business team stay healthy and thanks for watching and the plight of the refugees and kelly. despite the freezing cold, thousands of migrants are waiting, hear their destination britain. many paying for the journey

across the english channel with their lives. finally, france and england want to act with focus on europe. next thought d w. farming and can live without harmful chemical pesticides, not feasible, but you can produce enough of it to be able to add a cbs forming enterprise and become really while the politicians are still debating . the 1st farmers are very successful. we were discovered to real rica now law not done that you all were doing. that is no time phone to our cost or life to africa in 60 minutes on d, w. o. o does a or an eternity

time. it can be measured precisely. indeed, everyone experiences it differently as if there are different forms of time. time. ah, the phenomenon a dimension. if we know we won't live forever, an illusion. about time presenting future's past starts december 31st on d w. mm hm. ah hello and welcome to focus.