me bases like this one will continue to burn. well, if you are afraid of flying, you may not want to look too closely here. this video shows a dramatic lenient london heathrow airport. now i know you want to watch, she british airways played failed to land on its 1st attempt is winds from powerful storm. corey, you see right there. they were blowing. the aircraft's wheels touch the ground, but the plane swayed from side to side, forcing the pilot the head back into the air. the plane managed to successfully land on a 2nd attempt, which is why it pays to pay your pilots well. oh my god. yes, my name, steven bertha is up next. business needs to correct. ah, ah, what people have to say matters to us. mm. that's why

we listen to their stories. reporter every weekend on d. w. and we're interest the global economy. our portfolio d w business. beyond here, the closer look at the project, our mission. to analyze the fight for market dominance. if this is wes, get a step ahead with the w business beyond on you to ah, both so much for peak oil, exxon mobil and chevron, prove that there's still plenty of reason to drill. rising oil prices catapult both companies to their highest annual prophecy in years and draw investors back to the

fossil fuel giants. also on the show berlin next is a 4500000000 euro take over of german semiconductor from sil tronic from a tie when he's company and we'll drop in on a cafe and tylen. we're coffee is served up with a healthy portion of investment strategy in crypto currencies. hello, walking to the show. i'm seeking fiercely in berlin. it's good to have you with us . it was almost 2 years ago that the pandemic gutted oil prices briefly turning contract prices even negative and leading some investors to declare that oils best days were over. well, take a look at what oil majors did last year. exxon mobil recording $23000000000.00 and profit. you should see the figure up here for is not working right now. $23000000000.00 and profit. that's his highest earnings in 7 years. now, lucas, chevron $15600000000.00, almost $16000000000.00 there. likewise, a profit it hasn't seen in 7 years. so what happened?

well, oil prices rose again. brent crude, the global standard is up from $51.00 a barrel in january 2021. to run $89.00 a barrel analyst from j. p. morgan even expect the price per barrel will reach $100.00 this summer. or if more or less, let's koreans quarter in new york. yes. do we have any idea how long this up swing is going to last in oil prices? well, i mean there are some estimates, sir, by j. p. morgan, for instance, or even by goldman sachs, we could read, share the 100 to a dollar, a crude mark, or even a within the next couple of months. so there is a feeling in the oil market that traders actually want to see the so $100.00 mark per barrel it's, it's really going to happen a depends clearly on a plenty of factors. let's see, for example, what wednesdays, opec plus meeting will bring to the supply side than if you look at the demand side

of the weather is still a pretty cold, so that good to lead to more a demand for m heating oil. and then what happens when at the locked on measures and china cars are over. so that could bring more demand and drive prices and higher. so if that's going to happen, nobody can tell you for a 100 percent, but there is the feeling that a we might actually approach a $100.00 a barrel, a pretty soon you know, yes, exxon has said that other companies like b, p and shell. we're moving too quickly away from oil or that they were under investing in oil. and that their strategy was to benefit from that by bennett, by, by investing more in oil. they seem to be right, aunty, or at least in the short term it the enemy exaggerate a bit. i mean, not that long ago, a 12 years ago there were a lot of voices, some saying that oil is dead, or i remember the year 2015 when saudis prince film alva lead said we will never

ever see a $100.00 per barrel oil. and again, and so, well, that seems to be a rather wrong if you look at what this but not just to exxon, but in general us, all companies are doing it clearly. they've seen the trends that the market is changing. there is more investment into renewable energy, but at the other side, we will needs a lot of oil for quite some time in the future. and the u. s. oil companies are pretty much doing all of the above and they're also trying to be the last one standing when it comes to a delivering it to deliver all that oil that still remediated in the future. and, and yes, i mean, those results are clearly show was all price, especially at the level where they are, you can still make tons of money with a pumping and selling for oil, or i so plenty of money to be made with oil eons court in york thank you very much . let's go to some the other business stories making headlines. last year,

german breweries produced and sold less beer. sales volumes falling by 2.2 percent, 84500000000 leaders. that's the lowest ever recorded by the federal statistical office. the latest fall was worse by the closure bars and restaurants due to the pandemic. however, the overall trend isn't new. beer cells in germany have fallen by 24 percent in 3 decades. u. s. federal trade commission says it will perform an antitrust review of microsoft's proposed acquisition of call of duty maker activision blizzard. the $68000000000.00 deal was announced last week. the f t c wants to see whether the takeover will harm competition. the german government has rejected a propos, multi 1000000000 euro takeover of german way for maker cell tronic by taiwan global waivers. by failing to act before the approval deadline of both companies make so called wafers. the roughly one millimeter thick sheets of silicon necessary for the

manufacturing of semiconductors. those of course being the backbone of the global technology sector. berlin's review as part of a recent law allowing the government to analyze for and take overs involving sensitive or critical technologies. in joiner. bi diddy kirsten tot low. she's a senior fellow at the german council on foreign relations and author of a book on china's relations with europe and technology transfer. did he welcome to the show? the german government has said here that there was too little time to review this deal before the establish deadline. is that plausible? when we think that there is key technology including semiconductors, they've said they have have an interest in keeping in the country. right, well they did have a lot of time. it must be said and many, many months. i think it was just about every year in fact. so it's a little hard to understand what's going on here. except if one thinks that there were serious concerns in the german government against allowing

a non german non you company to invest in a german success, a successful chem company. so there's a lot to be asked about there as an outsider, looking at this, were there security issues that were obvious here or that could have come up, especially when you consider this as taiwan a country that's in a, it's a long term crisis situation with china for example, yeah, so it's, it really is quite some complicated. i say one thing is that clearly germany, the germ government and the european union wants to increasingly keep this type of industry growing in germany. they're becoming more protective and are scrutinizing investment from overseas much, much more carefully. however, this begs the question whether one should just define, you know, from like my just investments from say, investments. it could be proper medical, so it no fit. i think the german government to one would be considered as a friendly state. i don't think they per se, have

a problem with investments from taiwan. yet, of course there is the concern about she wants to do political location as you point out. and in fact, it's worth pointing out here that the chinese government approval on this investment, which was required because in these sorts of investments approved as required market market regulation authorities in many countries. so the fact that many people don't realize came with so many conditions attached, that in fact it would have guaranteed future supply to china from global wafers. and so tronic the future company. and that was possibly something that the german government in its own way was quite concerned about what kind of message does this into other companies who are investing in building this kind of technology or other key technologies when they're looking at their options for selling their production or for merging? well, i think it's, you know, questionable that the german government frankly, has said no to the steel from taiwan, where we see countries like japan,

which are like minded countries to germany, which are in and in the pacific. you know, in the war in that region are in fact welcoming investment from taiwan, for example, from t s. m. c 10 taiwan semiconductor manufacturing company into japan to bill semiconductor companies. there. so it does send signal that europe is not entirely open for business when it comes to these types of investments. and germany or your european union were able to differentiate a little bit more between what kinds of investments are say for europe and what kinds of paps not safe. my don't think that they've particular done that in this case. all right, so more questions perhaps, and answers coming out of this deal or no deal. dickerson taught low senior fellow, the german council on foreign relations. thank you very much. thank you. a good investment advice can come from anywhere. but what about your local cafe? when coffee joint in ne, highland has become a hot spot for crypto currency traders and is even offering investment advice. of

course crypto markets can be more jolting than a double espresso. at the hip coffee and restaurant cafe in thailand, customers are being encouraged to eat and drink in front of their screens. these screens however, show the latest prices and trends in crypto currency and it's attracting a whole new order of clientele, vannador having so many screens helps the lie, like 4 or 5 days ago when the market crashed. we immediately know and get to analyze crashing factors and decide whether we should execute the by order or not. when it comes to me, it's exciting because i get to meet people with the same interests as traitors. we get to exchange information because in the trading world, the more information you have, the stronger upper hand, you will have won, and we are competing against millions of people, not just one. along with coffee, the cafe offers free investment advice. it says it's aiming to provide cash,

making alternatives to people in the province, and it hopes to start its own crypto currency coined some day to crypto currency is gaining traction in thailand where the government introduced a crypto tax. in 2018, the southeast asian country traded more than $7000000000.00 us dollars in digital assets last november, according to data from the securities and exchange commission. it's finance minister recently announced the government would issue guidelines to make trading simpler for ty citizens. the screens at hip are making things simpler for cafe owners to who have doubled their customer base since installing them in 2021. and finally word all the free online word guessing game that's become a sudden hit has a new home. the new york times company has purchased the application from its developer. josh ward, all the games, a play on his name says the deal is

a 7 figure. amount of players have 6 attempts to guess the 5 letter word of the day world has a mass millions of daily users since it's october release. but some fans are worried they may now have to pay to play. the times however says will initially keep the game free and that's it for me and the dw business team here below. you can find out more about these other stories online, d, w, d, w dot com slash business. it's roger with living without a home. oh, close to a 1000000 people in germany are homeless, even with a job or a pension, they can't afford

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