he is open to more diplomacy, but says the west is ignoring russia's concerns about the nato expansion. you're watching the w news live from berlin coming up next dw business news with rob wants to go round. he will be right back with secrets lie behind these will discover new adventures in 360 degrees and explore fascinating world heritage sites. d w world heritage. 360. get the out now. on the green. do you feel

worried about the planet we to i'm neil. host of the on the green fence post coast, and to me it's clear we need to change the solutions or alpha, join me for deep dive into the green transformation. for me to do for the plan. ah, ah, president putin makes another push winode stream to after talk. so the ukraine with german chancellor of shouts, the russian president insists certifying the pipeline could solve europe's energy problems. also coming up with in the president of the world bank come, why developing nations need to strengthen their financial systems as they recover from the pandemic? a balance annual love letter to the movie. well,

the berlin allah is well underway. but here why germany cinemas are struggling to fill seats. this is deed of your business on robots in berlin. welcome to the program. russian president vladimir putin has used a meeting with german chancellor, olaf schultz, 2 again pushed for the approval of nord stream to you said the gas pipeline linking the 2 countries would cement europe's energy security. but germany is under pressure from allies to hold off on certifying the project affairs of a russian invasion of ukraine in a joint press conference. chancellor shots said any military confrontation would have far reaching consequences, but he stopped short, referring to note stream to his what president putin and to say it's a youth group. issue with this is one of the largest infrastructure projects in europe, contended to significantly strengthen energy security on the continent and to

contribute to the resolution of pan european economic and environmental problems. i say once more, this project is purely commercial, and there are no politics nor political overtones here. well as hair from clements faced from germany is etha institute for economic research. he can explain why not string to remains a major sticking point when it comes to the west agreeing possible sanctions against russia. there is the issue of strong dependency of europe and in particular, germany from russian gas exports. nevertheless, these are sanctions that are on the table. one question is certainly why is there no commitment in particular, the german government to end the north trim to project in case, or even all gas purchases from russia, in case russia, invades ukraine? that would be maximum deterrence for this threat to be credible. that would have to be a public commitment. the fact that we,

there is no public commitment to using this makes this threat less credible clements fixed. that. now the career of ours pandemic has been a catastrophe for many economies. 90 percent of countries have seen that economic activity shrink and global poverty has increased for the 1st time in a generation to help fund their way through the pandemic. many nations have borrowed money. now you have a look here. you can see how sovereign debt increased shop li, the high income countries over the past 2 years. but that was also the case for low income countries. and it's emerging economies that the world banks like just well, development report says a facing particular financial risks as they try to recover from the pandemic. well, can now speak to the president of the world bank group, david mall, past the mouth. us. thank you very much. for joining us on d to be business. just explain to us exactly the sort of situation that developing

countries have now been left in by this pandemic. i happy to be with you their loved after a deep recession with a lot of debt and that is debt for governments themselves and for the private sectors. one of the challenges is it is not very transparent. so it's hard to know the exact amount. there's a lot of hidden debt, and there's also a lot of attachments to the debt that happened on the light, yet as far as collateral, that's required or contingent liabilities that the governments have taken on. so all of this makes it complicated picture that slows down the recovery. when you talk about hitting that, how you supposed to tackle a problem when you don't actually know the magnitude office? there are several things. several steps that we can take. one is trying to record the debt that we do. so the world bank does a lot of that didn't. we've tried to get reconciliation with the creditors. so one

thing you can do is match what the debtor says they owe with what the creditor says . they think is owed to them and reconcile those differences on the bottom line for it is that you need a lot more transparency of what the contracts have a say in the contract. and then, and then what the, what the covenants are, the clauses in the contract. so we're working on, on that, it's going slowly and it does really make a complicated, if there's a more of a slow down that has a, you know, if there's a, if there's a, another dip in the global economy, that's going to put strain on banks in the developing countries and i'm corporate, the private sectors in those companies. countries. we should also talk about one of the major challenges facing the international community at the moment and not as the tension between russia and ukraine as president of the world bank quote. so

you will consent surrounding that? well, grave concerns, i'm the immediate situation also i should take note that there's fragility in quite a few parts of the world. so these physical tensions are an obstacle to development. coming back to russia, ukraine. i do note today that there were some signs of reductions in tension. so i was happy to see that we continue our operations in you, ukraine. i. one other thing that i will note is just the challenges that russia faces from the world economy. it's, it's a economy has had lots of, of financial challenges in recent years and those continue. so this is not good for anyone and i will be glad if the tensions can be reduced. so i think that's something that presentation is bearing in mind that actually the economic costs to

russia could be very high. i don't know if that's that, that's the way his thinking is going that he's i'm sure it focused on, on the media discussions that he's having. but the world needs to find a way to have faster growth and especially faster growth in weak systems like rushes like your brains. i can with david math, thank you very much for joining us on t to be a business. and i'm going to be taking part in the munich security conference in a few days. i will be keeping an eye on what you have to say that thanks again. right. i go through brussels on the way the munich. thank you. now let's take a look at some of the other global business stories making news around the world. u . s. chip maker intel says it is acquiring israeli firm tower semiconductor for $5400000000.00. the deal could help give the california based company in edge,

and it's an industry last year until with the world's 2nd largest semiconductor manufacturer by sales volume, after se, sum. so the european commission has set out a 6000000000 euro satellite communications plan and a bid to reduce the blocks dependence on foreign firms and protect key services and data. it comes amid growing concerns over russian and chinese space activities and competition from commercial players like ellen musk space ex the program will be launched next year. and speaking of space, virgin galactic is reopening ticket sales to the general public on wednesday last year. the company, fluid flamboyant, found a richard branson to the edge of space. virgin galactic is just one of the firms looking to blast tourists out of the earth's atmosphere at $450000.00. a ticket its share price rocketed by over 30 percent on the news. let's cross to our financial correspondent on wall street. he and his quarter because he ends virgin galactic wasn't the only stock that took off today at why were traders

feeling a little more optimistic on tuesday? yeah, we definitely had quite a reversal from the trading days prior. we had sort of 2 forces fighting against each other on one side we had another set of red hot inflation. data producer prices up by almost 10 percent in comparison to last year. so produce a pro price as being what companies that pay their suppliers for grey and for energy for packaging, for material and the like that. then on the other side, we had this optimism that the tension between russia and ukraine are using and that eventually what traders focused on. we had nothing accomplished up by 2 and a half percent put up by more than $400.00 points. and then on the other side, we had those sky high oil prices, and they also east of bit dropping by about 3 and a half percent year in the tuesday session. okay, of course are in new york,

thanks for the update. now at global crisis, an industry on the brink, the wealth cinema industries have been at the center of their very own drama, over the past 2 years. having taken a major hit as a result of pandemic restrictions. can the silver screen find a happy ending? rolling out the red carpet for the stars of the silver screen as audiences begin to flock back to cinemas. and it's not just here at the berlin international film festival known as the berlin ana. netflix as of netflix is something more for a home that you do in the site and cinema is more of a social event. it's alice event such as if her mit, i missed a lot and i'm glad i can go to the cinema again. now gotten the revenue from movie tickets. plummeted in the past couple of years now, long awaited blockbusters are returning to the big screen. and large cinema chains

are particularly pleased. but art how cinemas such as berlin's delphi locks are having a hard time. they're trying to keep customers and find new ones with cheap subscriptions, and by spreading the word on line, despite government support, pandemic restrictions hit the industry hard then monday. so if you don't to preserve the independent film industry, which you need for cultural diversity than we need follow up support packages. and that's why we need a recovery fund for diversity in cinema program. so come feel fide. it's a different story when it comes to production, which hit record number 6000 shooting days in the german capital alone, 300 more than before. the pandemic, the berlin ala is not just a chance to exhibit films. but as we're production partners come together and germany is a sought after partner in part due to state funding $1400.00 film production meetings a set up here at the festival. they're only online like last year,

but they make a difference. run various kinds of us and i'm really surprised it worked out great . and we also had a lot of meat on sir. it was so well that people have now already gone in production with their projects from last year, even though they only met on lion. yeah, it was additional online, it often happens some co productions even make it into the belly nanda competition . and many filmmakers hope into the cinemas. and that's all from us by ah, ah, there carefully selected and picked by hand. they're considered harbingers of spring. snow drops from ga, the wild flower trade in the caucasus is booming. the flowers bring in the millions for some of their sellers. but what does the business me for the local pickers and the environment? close up. next on d,

w. nice ritual is about breaking stereotypes as dinning up for identity. for those getting keys every day in kenya, we meet a young woman. i think the interesting my surrounding albin is in germany. kalese rob and morton. i'll be back from joseph in the studio for lunch. i don't ever letting any one of you down the 77 percent in 60 minutes on d. w. o. in one of mankind's oldest ambitions could be within reach or what is it really is possible to reverse aging

researchers and scientists all over the world for in a race against time. ah, they are peers and rivals with one daring goal to help smart nature. more life starts february 16th on d, w. b. now drops one of you hoops most popular flowers. enthusiasts will pay several $100.00 euros for single bomb the delicate looking white flowers. harold, the start of spring, the percent bits, and if you start with a simple snow drop, then all of a sudden you're hungry for more. yeah. who are for me here? ah, no drops the native countries around the black sea.