tv Business - News Deutsche Welle January 21, 2022 12:15am-12:31am CET
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ivory coast and fail to win a single group stage game, while the i for eons go through to the round of 16. also on thursday, equitorial guinea eliminated sierra leone, gambia beach in india. but both advance and molly knocked out, mar, atanya. you're watching the dog news live from berlin up next in business, global oil prices. it's a 7 year high. chelsea delaney has that and more business news after the break. and don't forget, he can stay up to date on all the latest news and information on our website. that's d w dot com. or you can follow us on our social media account. i'm pablo foliage in britain. thanks for watching. take care to the top of the next hour. thanks . every day for us and for our planet.
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global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitat? what to do with all our waste. we can make a difference by choosing reforestation over deforestation recycling over disposable smarten solutions overseen said in our ways, or there's truly need. and we know that, that uniqueness is what allows us to live and survive google ideas, the environmental series in global $3000.00 on d, w, and online ah, get ready for $100.00 a barrel, oil, strong demand, and rising. geopolitical pensions have sense prices for crude oil. soaring in
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europe, aims to rain and big tack the european parliament moves to impose unprecedented curves on online content. and we take you to turkey, where record inflation means shops have to raise their prices almost daily. we'll look at if the government is things better or worse. and chelsea delaney and for land welcome to the show. global oil prices have surged to the highest level and 7 years this week. but analysts are warning that this could be just the beginning of the price rally. some now expect the price of a barrel of crew to top of 100 dollars this year. strong demand and the price supply problems are largely to blame. but geopolitical tensions are also playing a role. smoke rises from oil tanks that exploded in the united arab emirates. the satellite him, it shows the aftermath of an attack by humans. iran aligned hootie rebels.
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3 tanks exploded, killing 3 people. the incident is still being investigated. but it shows how vulnerable the middle east is, not just the emirates, but also libya, and many other oil producing countries. geopolitical tensions also including the threat of a new russian invasion of ukraine, have caused a tremendous rise in the oil price within just a year. it increased by almost 70 percent. supply constraints are also adding to rising oil prices, petroleum producers, slight nigeria and russia have under invested in the sector. they expected lower demand because of the transition to green energy in many countries. demand for oil however, is not decreasing. quite the opposite, especially in china, where the middle class is growing and witted, the demand for heating, oil, and gasoline. now for more on this dns quarter,
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our correspondent and new york joins us now. so yen is what our investor saying here are we going to see oil at $100.00 a barrel? well, actually, some traders are saying it's not or question if, but when all will reach a 100 to a barrel. goldman sachs, for example. it says, saying that could already happen in the 3rd quarter of this year. clearly that does depend on demand, what seems to be pretty strong. more and more countries are using a cobit restriction. so that is helping. and then on the other side, we have supplies and they don't seem to get too high at this point. the opec plus countries, for example, are having difficult just to even meet their production quote, us at this point. so at this moment it does look that actually we could see $100.00 that at the end. we also depend on production in the united states and will
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also depend on demand, for example, from china, the 2nd largest economy on the planet organs. you mentioned that there, why is opec plus wire oil producers in general having such a hard time just pumping more oil? well, i mean, if you look at the united states, what has been the biggest producer on the planet in the past couple of years? a lot depends, for example, on the permian basin, that's where the shale production is taking place here in the united states, especially early on in 2020, when the condemning started, oil prices plunged. and so a lot of companies actually decided to take down those sale for production. and it does not work like a light switch where you can switch it on or off. so it takes time and investments to get production going again. and then we have those geopolitical tensions. pardon me, for example, in africa while opec plot is not meeting that production,
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quote us at this point. again, scott court at new york. thanks so much now the european union says it's time for the likes of facebook and google to face more scrutiny here. the european parliament has now agreed to a proposal to do just that. it's called the digital services act. and it means that those mostly american tech jones would be require to do more to tackle illegal content on their platforms or risk, huge fines before it can become law and must be negotiated and implemented by you member states. that's a process that is likely to take many more months. but the dna is also raising concerns that it can be used to restrict free speech before that vote d w. brussels. your chief, alexandra von nomine caught up with more it's corner a member of the european parliament who helped write the bill. she asked him how far it's curbs would go. the big classrooms we, they,
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they have to stick to the roots. we make sure that illegal content is taken down by the platform, but we also make sure that there is no censorship in the, in the digital world that we let things online that are legal and that we make sure that there is no big app load filtering and so on, we had huge protests by, especially young people a few years ago and we make sure that we strike the right balance here in regulating big tech. now over to turkey, where president roger tire air to one has pledge to bring down the country soaring inflation. but many blame his policy of keeping interest rates low for the current crisis are correspondent and drill julia han reports from assemble. for the m n g has to print new price stickers, milk eggs toilet paper. almost everything he sells in his small shop in is stumbles
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. cutty co district has become more expensive again. normal digital owners regime car. take this pack of pastor for example. a year ago i sold it with 3.5 years now it costs more than twice as much. that's not normal. group of manufacturers and wholesalers are hiking prices several times a month. and d a n g has to do the same. sometimes he says he is barely able to keep up on for another roof. i've been a shopkeeper for 10 years, but i have never seen anything like this right now. the wholesalers don't make a profit. i'm not making a profit. and the customers offer to run the nobody winds, every one is losing a longer shronda all around the world. nations are grappling with rising inflation due to the corona, virus pandemic, and higher energy costs. but the price spikes here in turkey have been exacerbated by a dramatic depreciation of the countries currency. the lira,
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according to official figures, inflation has sought to 36 percent. that's the highest rate in nearly 20 years. yet many think that even this i popping figure is an understatement. run it out for i think inflation is higher. everything got at least twice or 3 times as expensive, which with electric charged with up us. we know exactly what we are paying at the supermarket. i think it's 50 percent or more. i'll fly number. i've been running around for 2 hours trying to find cheap bread. i think we're seeing 100 percent inflation right now. guardlick riverside on social media to anger about the price explosion is growing. this twitter account with more than 100000 followers, is called inflation diary users post photos showing changing price tags in grocery stores. i also use the shallow president, reggie of ty, about once economic policies have so far been unsuccessful in court. nevertheless,
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he says he is convinced that prices will soon fall of them all. good economist, good am i to abide, disagrees. she projects that inflation will likely rise further eroding incomes and savings. you started from that is that towards the end of the 1st quarter, we will see inflation rates of 50 to 60 percent. the real problem is that president add one thing, sees the chief economist here in the country, and every one else doesn't know anything that will only change with an electron and a new government to condition associated the next elections in turkey aren't officially due until 2023 shop own of what the m n g does not know what will happen in the mean time, but he knows one thing for sure. the next price hike will definitely come. now from megacity is to villages in asia. motor bikes rule the road, green e bikes offer an alternative,
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and with battery charging stations becoming more common, the green 2 wheelers are picking up speed. like many people here in taipei, aden li hits the road onto wheels. but when his fellow riders have to head to the gas station to refuel, he goes to a battery swapping station. instead. he told me that at the woods in metro taipei, it used to be really inconvenient to swap batteries, but in 2017 or 2018. there was a rapid expansion of stations. you see a lot of them as you walk down the street. lee is a go guerrero user. the taiwanese start up has 450000 subscribers, that swap an average of 330000 batteries every day. and for li, the green alternative only costs about 10 percent more than he would pay to buy fuel every month. or go row started in taiwan. electric to wheeler
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only made up less than one percent of the overall sales of to we live in the market today. now, after we started and in just to 5 to 6 years, we're good up market from less than one percent to not over 10 percent. overall in taiwan, google road likes to compare the ease of battery swap stations to vending machines and says they already number gas stations in 4 major taiwanese cities. the firm has big expansion goals for 2020 to go. guerrero wants their stations to out number, all gas stations in taiwan. and then going after the world's largest to we'll a market, india, china and indonesia is what we're focused on for. the next phase. are taking really all the lessons learned and all the capability and all the technology that we have developed in taiwan. and then going into those large markets to make an impact go.
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the ro is now looking at a nasdaq listing in the 1st quarter of 2020 to the new business is expected to be valued at over $2000000000.00. not bad for 2 wheels. now, french champagne sales rebounded last year despite many restaurants being closed due to corona virus restrictions, the producers federation says 322000000 bottles were sold in 2021 and that more people are drinking champagne at home. sales were up with in france and abroad, so much in fact that don perry on in mo, at and shand and saw shortages. and that's all for me and the team here in berlin. thanks so much and see you next time into the conflict zone with sebastian when it comes to the nuclear talks between
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iran and the international community. no country is watching as closely as israel. this we come pick zone, talk to the former israeli defense matters for marcia. yeah, alon, who slammed the 2015. you pay agreement as an historic mistake. conflict zone next on d. w to the point and strong opinions. clear positions, international perspectives, final preparations around the way for the winter olympics in beijing, china, and struggling to sustain it. strict 0 covert strategy. so calendar countries, new grades won't round the athletes old. find out from to the point shortly. to the point with d, w. ah,
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with soccer is a sports guy, the colors and the children in this mountain village. oh the ah, can every one dear, don't with them regardless of gender, humor wears blue. the color of her favorite sexes traditions prevent her from going to games and play with an insurmountable obstacle. little girl football on the peak that starts february 4th on d w. ah, when it comes to the nuclear talks between around the me, international community, no country is watching as closely of israel. their forces struck repeated.
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