come, says, owes as to see staff full out of the rebel is the eastern rebels. health, the city of bill. net, that's it from me and the new seem a for now. don't go away. up next, markets tumble and fisma new rush, an attack on you, frank. janell de malone has all that, and d, w this ah, sometimes a seed is all you need to allows big ideas to grow. we're bringing environmental conservation to life with learning pass like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free.

what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d. w world heritage. 360. get the app now. you ah, stock market slide on russia. ukraine. tensions major indices across asia and europe turn red as fears over an imminent russian invasion mount also on the shelf. the west said it stands ready with sanctions if russia does in vain, but it may find moscow has friends to help it off in the economic impact. friends like china. and we take you to the bertha, the heart of turkeys,

automotive industry, where car sales are grinding to a halt. i'm janelle de milan, and this is d. w. business. welcome to the show. financial markets have tumbled in europe and asia as the tension between russia and ukraine increases. signaling worries among investors of a wide spread economic impact of a potential conflict. the trading day began with losses in tokyo, hong kong and been by that says the u. s. government warned that a russian attack on ukraine could be imminent, bad news across europe to just take germany's docs, which fell over 3 percent on open. even the stock, $600.00 of top companies across europe dropped as well. interesting, also the impact on russian stocks, the domestic focus, my wax fell. where's the foreign focus? r t x index tumbled

a massive 5 percent shortly after trading this morning. the only thing to rise oil with investors worried a conflict could hamper russian oil production. now, craig, air lum is a senior market analyst that wanda craig, are you there? welcome, craig, do tell us what is behind this reaction? markets are clearly on edge markets have been on edge all year, whether that's inflation or interest rates. there's been the certainly been on the line and the market has been extremely prevalent. we sort of shop sell off in january. and this just compounds the issue. really. i mean, obviously geopolitical risk in itself and the risk of an invasion would be enough to dump and sentiments in the market. books coming from such an important source of oil and gas means that we are going to likely see further inflation precious. if this does materialize, where we have an extremely tight oil and gas market right now. so the last thing we

need is, boy, is seemingly or potentially unfolding. and it's that fear that heightening the concerns which have already been prevalent for a number of weeks in the markets. if you can tell us a bit more about what the market think is going to happen to the energy markets in light of this crisis crate. so we have to remember that the global economy has rebounded much faster than many anticipated and opec close, which includes all of the opec countries and russia, and a few others have been gradually returning output by 400000 barrels per day. each month to pre pandemic levels, which are hopes to hit later on this year. now it struggle trucks the hit those levels that it's been trying to achieve each month as it is due to want to investment and other issues. which means that they've been falling short of target . what it means is we're in a market where demands greatly exceeds supply, which is why price is already for, for oil in particular is already extremely high. there's also been tighter supplies

of natural gas as well. so when we're talking about a conflict or the the potential for conflict which could lead to sanctions, which could be, which could lead to orland gas being used as a weapon, as a council weapon against the european and us sanctions. then all of a sudden the market starts to view. this is a major issue, which is why we are seeing commodity prices in particular rising. and i think that's really having a doubling effect on the stock market as a say, sentiment would be soft regardless. but the coming at such an important time, so to type markets, high inflation, it really does just exacerbate issues which are already existed. now russia, of course, is quite well integrated in the global economy. that means we can expect ripple effects. so what is at stake here for the economies of europe, craig, the greatest thing, it's revenue for your perspective from the economy perspective is the inflation. we've got to remember the cost of living crisis now in many countries around the world. and the economy has done very well to bounce back from,

from the rigors of the global pandemic. but if you will, piling more misery and households and businesses that have already suffering under the weight of higher oil prices, higher energy prices high, a broader inflation. this has not affects as ripple effects throw shoulders of areas as well. so we've seen higher food prices and now seen a ripple through to high wages, higher service costs. so all of a sudden these inflationary pressures become much more widespread, which is compounding the pain that households and businesses of feeling. and this just threatens to do that more. so 2022 is already shaping up to be a very challenging year for many households and business. and should this escalating something more serious than that will only compound those? should those challenges a challenging year could get even more challenging. craig, airline senior marketing market analyst at luanda. thank you. thank you. like its allies, germany is counting on the threat of economic sanctions to avoid conflict between russia and ukraine. but russian president vladimir putin is putting his hopes on

china. the question on the table could china step in as russia's primary trading partner? if the europeans cut business ties? the european union is still russia's biggest export market by far. a 3rd of all russian goods are delivered to the you. by comparison, china share of russian exports is half that. but in the past 5 years, that gap has been narrowing. russia's most important export is of course, natural gas. the you imports at 200000000000 cubic meters of russian gas per year, making europe's rushes most important gas customer. china currently buys only 38000000000 cubic meters of russia. natural gas. but demand in china is growing and more gas pipelines to china are already being built. now for more on this, i am joined by steven chang. he is the director of the china institute at so us at the university of london. welcome stephen. so are we to imagine china as waiting in

the wings for western sanctions to take effect and potentially pulling moscow closer? i don't think the chinese government is particularly looking forward to a wall over ukraine. but if the russians shouldn't been late and western sanctioned should be imposed, the chinese government is ready to give russia to helping her. now how, what sort of form would that helping hand take? well, it will be like you say, trying to becoming a market for a range of russian moment, cheerios and goods, particularly care and energy products. china will be helping russia in terms of your financial services. again, that is all these things are helpful to try the itself. they are not simply helping

russia out of o truism. it is mutually beneficial for russia and china. well, perhaps you can tell us a bit more about that than what is in it for china, especially as we are looking at these 2 countries. it is not as if they're equally matched in terms of economic might. so what is it? well, what, why is china doing this? i did, china is doing it more than for any material benefits. because the material benefits in terms of and hands, energy security from russia will have to be counterbalanced by the loss of chinese interest, potentially in ukraine. now where they really want to help the russians is strategic . both she camping and pill tuned. want to make the world safe for terrorism. so days share these come and strategic goal. they also share a 2nd strategic goal, which is to take united states found a knocked or 2 in terms of the american global leadership. and again,

this russian challenge to nato and therefore american leadership of the natal is a helpful one from the chinese government's perspective. you say that, but it's also worth pointing out that china has also been a key trading partner for ukraine. they've pursued these ties, especially over the last years. what happens to those ties in the event of a russian envision well, the strong a economic interest, china has you in ukraine, particularly in terms of the ukranian cultural products going through china and ukrainians. jack engines and other of last new hot way as foolish to china are the reasons why the chinese don't really want a war all the ukraine. but the chinese condition for helping russia almost shocked . and he will encourage an arrangement or

a promise competent. that chinese interest is in ukraine's will be long after and long hand in the event of russia using force against ukraine. steven china, he is a director of the china institute at so us at the university of london. thank you very much for your time today. now turkey is runaway inflation has made headlines for a while now and bertha, the center of car manufacturing in the country, residents are finding themselves unable to afford their own cities mean product bursa. south of istanbul is the heart of the turkish automotive industry. more than half a 1000000 vehicles are built here every year. many of them are exported, but fewer and fewer cars are being sold here. inflation and high taxes are turning car ownership into a luxury. it's hard to gauge how workers here are getting through the crisis.

security guards break up our attempts to ask them outside the factory gates and they threaten the employees. workers are more willing to speak up at the labor union offices is in euro's food written cutting. well, i now are in twice the minimum wage here because it's a good salary by turkish standards also, but even so, it's just not enough to feed a family of 4. if you could cut that, our credit card debt has doubled. it even tripled huffman, which was much amended with turkey's years of impressive growth are now over, and the deep slump has people worried. prices for electricity, natural gas and food are exploding. president, wretched tie up air to one is promising a turnaround by the summer. but few people here, believe him, us get into this, don't think they've now increased the minimum wage, but it's still not enough for my children to be able to support a family day. i guess my husband is retired. his pension is also gone up, but it's only about a $160.00 euros a month longer. it's

a joke. at the check i given people are now unable to make plans for the future. an apartment or a car are now out of reach, even for those with good paying jobs. like the auto workers. here i'm getting rosalie. how could i buy a house on my income? cars have been way too expensive for a long time now, but out of here, at least i have a motorcycle to that and i'm praying. it doesn't break down what one gross market is used. cars prices keep rising almost every week at this dealership demand has also gone up because new cars are so expensive, people try to get their hands on a use one while they can still afford it. for the slot customers might, for example, try to replace a 4 year old car with a newer model. wiley still can, and that's got the market moving off of those finish up my why should the pandemic inflation and high taxes have come together to make this a heart winter for turkish consumers?

and a reminder of the top business story we're following for you this. our financial markets have tumbled in europe and asia as the u. s. government warned about a new russian attack on ukraine could be imminent. that's all from us. thanks for watching. ah great cinema, great posters. won't see 70 square meters, hand painted or him. it's just a matter of to be good song. one of the last post to painters in awe. next on dw,

we've got some hot tips for your bucket list. ah, magic corner chat. hot spot for food, please check and some great cultural memorials to boot d w. travel off we go. ah aah! all aboard the glacier express in switzerland. my colleague, hannah hold takes an exciting journey through this scenic swiss out. we'll find out more about her trip later in the shout.