tv Business - News Deutsche Welle January 26, 2022 3:45pm-4:01pm CET
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only slash their gas supplies. what does that mean for firms already struggling in the countries? poor economy will go to our correspondent in istanbul. kathy pacific lowered its losses in 2021. a small bit of good news for the hong kong flyer, which is facing tough quarantine rules and legal complaints against its own air crews. and what's a winter wonderland without snow will take you to colorado were climate change. has ski resorts making their own powder? hello, welcome to the show. i'm see from beardsley in berlin. and we've been talking about the global crunch in energy supplies in recent weeks. now turkey is feeling the strain on kara has ordered its biggest gas consumers among them, electricity producers and large factories to scale back massively for 3 days. in effect, that means power outages and stoppages on factory floors. now behind the decision is a supply problem in a ran, as the source of about 16 percent of gas supplies going into turkey, ran stop gas flows to the country for 10 days. citing
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a technical problem on its end. its own gas consumption has been while jumped to the cold temperatures. in turkey, local and international companies are suffering from turkish car maker, turf us to french car maker, renault, which is shutting down production for 2 weeks. but not all companies can simply shut off, but at this tilo paul, managing director of the german chamber of commerce and isabel worn that industrial plants can't simply switch off many of them without damaging, technically sensitive systems. including blast furnaces that can cost millions. all of this coming, meanwhile with 30 in the middle of an economic slump. now from rural nestles, go to our dw correspondent in is timble, julia hon. julia good to see how serious is this outage hitting turkish businesses? was similar gas supply cut. steven have happened here in turkey in the past, but they did not lead to how outages in the industrial sector on such
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a great scale. this is takia west energy crunch. in decades, experts are saying the government imposed a 3 day energy caught on hundreds of industrial zones. here in the country. multiple companies have announced disruption will stop production entirely, not only in the car industry, but also in the textile sector in iron, glass, steel production and so on. so if these companies can produce, even if it's just for 3 days, they fear they will not be able to fulfill their export commitments, so exports, all threats and, and this could potentially also affect international markets like the european markets or turkey has ordered that crunch and supplies for 3 days, i ran meanwhile saying that it needs 10 days to solve its problem. what is turkey going to do in the meantime? well, the government has to try to solve this because the fair here in the country right now is, apart from the obvious economic and financial damage that the black house and the
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gas supply restrictions could also affect household. although the government has plants that wouldn't be the case. now, officials from the state run turkish pipeline company bought ash have been sent on an emergency mission to pair onto and try to resolve this stoppage. but you have to know that these disruptions really come at a very delicate time for turkey. demand for energy has skyrocket, especially skyrocketed, especially now that it's winter. but the took her and see the layer i have. we can very badly against the dollar and the euro, so imports the of energy have become very, very expensive, both for the industry and for household. no gas supplies are in high demand right now around the world. that's probably only going to increase in the years ahead with a transition for many countries. is this prompting any kind of a rethink for ankara? well, this is what experts in the government critics have been demanding and recent days
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highlighting that turkey is nearly fully dependent on imports, gas imports from other by john russia and iran. so these experts are basically saying that turkey has to diversify energy supply as increased energy efficiency, improve storage, which develop eternity of energy resources. so what they are saying is the government has to be prepared much better for future. i'll take outages, right? julia han and symbol, thank you very much. and we go over to asia. hong kong is following mainland china. strict 0 covert policies, meaning long quarantines and stiff penalties for rule breakers. that's been especially tough for hong kong airlines. kathy pacific passenger numbers have plummeted, and staff absences increased. now the company is even facing legal troubles before covey 19 this was one of the world's busiest airport. now it's more like
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a parking lot. hong kong has banned flights from 8 countries deemed to be high risk for coven 19, including france, and the u. k. and bar flights from more than a 100 other countries that use the city as a transit hub, over fears of an outbreak at the airport. the sump in tourism is lead to services in town, checking the center for the airport being suspended. a new arrivals who are allowed into the city are expected to spend up to 3 weeks south isolating in a hotel room before they are allowed out into the community. a, the ation analysts say the strict rules and making it hard for airlines to manage their crews. they get test, of course, when they get into hong kong, if they get past the positive, we're one of them gets tested positive. the whole crew will be put into a government facility, fi selection for at least 14 days. now that gives an awful the promise for the airline, because then they don't have a code to friday. i called back in november. home comes flagship airline. kathy
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pacific fired 3 pilots for contracting cove at 19, when they flouted hotel isolation rules. during a layover in frankfort, it's now facing a separate government investigation after health authorities blamed the recent local alma cron outbreak on it and crew, and questioned kathy's practice. applying stuff into hong kong on cargo planes to avoid quarantine. cafe pacific is a very big non compliance because the air cargo crew should not have gone out during the warranty at home. and we're still, if we discover through full investigation set, some crew of paper, civic, or some staff of cafe pacific should not have been traveling back on a cargo flight and enjoying this exemption. that would be a much bigger noncompliance. kathy says it's use of cargo planes is in line with government regulations and that it's crews spent more than $70000.00 nights in
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quarantine last year. but the investigation is adding more pressure to its nose diving balance sheet. passenger numbers tumbled 85 percent in 2021, leading to losses of almost $800000000.00 us dollars. this year it expects the cash burn to continue including paying out bonuses to pilots who stick to the link. the quarantine rules. it's almost imperative that at some point, hong kong gets back to an international openness and that will allow the yellow to come back. because this is all the sustainable solution. government says its strict cove, it policies are essential for keeping the public safe and that the city will retain its status as a global transport hub. when the pandemic eases, the question is whether or not global airlines share the same optimism. stewby correspondence zones on hand joins me now from taipei. so how serious is the situation right now for kathy pacific?
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well stephen of the number talks, cathay pacific carried around 717000 passengers. in 2021 compared on to 4600000 in 202035 point 2000000 in 20. 19 the number will remain week due to travel restrictions and dust st. quarantine requirements, even its cargo demand was drawn about 1300000 tons of cargo in 2021, the same in 2020, but it still lacks behind the 2000000 times in 20. 19, the annual loss is continued and the airline a forecast it would burn through $20000000.00 us dollars of cash. a mon started in february, and that's how serious it is. and so it's not just the financial problems that we're seeing though, there seems to have been sort of a shift in the mood towards kathy pacific, at least locally a carry lamb calling that the company a very big noncompliance case. punitive actions being taken against for quarantine
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violations. does this airline still have the support of its home base, hong kong, or has the dynamic somehow shifted? well, all we can understand are from carolyn worse that the hong kong government is under, under pressure because on their, our representative of from bay gene saying something really harsh on the cafe pacific colon in the score edge. so we can see that's why she said ab, but still the hunk of government is still the most important support of kathy pacific. and it provided a 19500000000 in funding through our preferred stock suspicions in 2020. and, and our 1850000000 in warrens and that one bill a lot commitment and shareholders also raised about 11700000000 to tie them over. so kathy percent now has sufficient money to of last year or $2.00. and even though it really does have not a, does not have enough money all use that money, that the hunk of them borrow in the beginning. so the dynamics between the kathy
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pacific and the hunger common hasn't changed that much, actually road turbulent period there for the company. so it's on han and taiwan talking about kathy pacific. thank you very much. we'll when the world's top skiers and snow borders converge on bridging next week for the winter olympics. phil compete almost completely on manmade snow. and not just a jing or ski resorts around the world are faking with the weather isn't making. hitting the slopes is a time honored tradition and sport in many parts of the world like here in colorado . but aspirin has lost a months of winter since 1980, and warmed about 3 degrees fahrenheit. where has that month of winter gone? a warming climate and drought in the western united states has changed a snow patterns. experts say with current warming trends scheme may not be
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a viable industry in colorado beyond 2050. that would be a huge blow to local economies. in the u. s. a 2018 survey estimated the winter sports industry is worth $20000000000.00. but in colorado alone, a 2015 look at the industry there showed that it contributed nearly $5000000000.00 worth of economic impact each year. snowmaking is now seen as a way to make up for the delayed natural snowfall. yasser making is really important to her early season because there's a ton of people that want to ski. and colorado usually starts getting really good natural snow like it's doing now. sometime in december and so we rely on so making that early part of november, i just kind of get things open, get a solid base, get people out and excited, and then i can bridge our way into the national snowfall. according to the colorado beast national ski areas association,
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87 percent of their $337.00 alpine resorts have snow making capabilities. but critics say snow making is really more of a bandaid than a long term solution. really is just a short soccer. you know, an adaptation strategy in the end. what needs to happen is we have to get fossil fuels turned off, and the quicker we get him turned off the longer snowmaking may be a viable adaptation strategy. over the last century, snow pack has decreased by about 20 percent in the western united states. it may be all downhill from here for some of these iconic winter sports destinations. that's it for now find more up online dot com slash business like to watch. mm. ah, ah, with
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