the of our top story of the crisis talks with wash is not in the uprooting german chancellor. oh, laughed shalt, is called bull. and urgent d escalation of tensions of ukraine could signal if he was more open to diplomacy set the west was ignoring russia's concerns about nato expansion. next is all the latest business season, i presume . are driven by merciless read, others pushing the destruction to forget. not only the invaders came to preserve and things short don't make to come to the government is trying to destroy the indigenous people in a large scale version of a budget led to grabbers or exploiting the amazon rain forest. indigenous peoples are now briefly opposing them. a long term report from the heart of brazil, stuart to march 9th on d. w. these places in europe are smashing all the records. stepped into

a bold adventure. it's the treasure map for modern globetrotters. discover some of you up to record breaking sites on google maps, youtube and know also in book form with ah, president pearson makes another push winode stream to have to talk. so the ukraine with german chancellor of shouts, the russian president insists certifying the pipeline could. so 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 c. this is d to be a business, i'm of what's in berlin. welcome to the program. russian president vladimir putin has used a meeting with german chancellor off schultz to again push for the approval of nord stream to he said the gas pipeline linking the 2 countries would cement europe's energy security that germany is under pressure from allies to hold off on certifying the project of 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 had to say. if the issue with this is one of the largest infrastructure projects in europe intended 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 the are no politics nor political overtones here. well, let's hear from clements faced from germany's ego 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 the europe and in particular, germany from russian gas exports. nevertheless, these are sanctions that are on the table. one question, 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 roughly invades ukraine, or 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 these threat less credible.

clemens 1st there. now the career of ice pandemic has been a catastrophe for many economies. 90 percent. a countries have seen economic activity shrink, and global poverty is 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 sharply. 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 latest world development report says, 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 mel, past david mouth us. thank you very much for joining us on d to be business. just explained to us exactly the sort of situation that developing countries have now been left in by this pandemic. i happy to be with you

there left after a deep recession with a lot of debt and that means debt for the governments themselves. and for the private sectors, one of the challenges is, is that the debt 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 deck that, that haven't come to 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 slowed down the recovery when he saw that hidden, that's how he supposed to tackle a problem when you don't actually know the magnitude of it. 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 all 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 are, 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. what 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 our economy has had lots 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 focused on, on the media discussions that it's happening. but the world needs to find a way to have faster growth and especially faster growth in weak systems like rushes like you frames. i can take the math class. thank you very much for joining us on t to be a business and a going to be taking part in the munich security conference. and in a few days i will be keeping an eye on what you have to say that thanks again. that's 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. yes, chip maker intel says it is acquiring israeli firm tower semiconductor for $5400000000.00 . the deal could help give the california based company an edge and it's industry. last year in tell was the world's 2nd largest semiconductor manufacturer by sales

volume. after south korea's samsung, the urban 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 mosques, space x, 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 fluids 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 is share price rocketed by over 30 percent on the news as cost to our financial correspondent on wall street yen quarter because he ends virgin galactic wasn't the only stock that it 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. a 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 grain for energy for packaging, for material them 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 to accomplish that 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 a 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 a 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 netflix is something more for a home that you do in the site. and cinema is more of a social event. so it's out if event such as if a minute 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 for monday. so if you known to preserve the independent film industry, which you need for cultural diversity that we need follow up, support our coaches. and that's why we need a recovery fund for diversity in cinema program. so come fuel fight. 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 where 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 on line like last year, but they make a difference. ran, vicky cancer has never really surprised at 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 now of was, is not unlike it often happens, some co productions even make it into the berlin on the competition. and many filmmakers hope into the cinemas, and that's all from us by running for most it's just a sport. but for the people of kenya, it's much more a means to money recognition and opportunity. some have already seized it with a lot of training and talent. they are running to the top of the world building $3000.00 next on the w.

ah, 2 years of the corona virus pandemic have been devastating for some businesses. deliveries have been brought to a standstill in many jobs are in jeopardy. has globalization run its course? or are there new opportunities for our topic this week long cove, its effect on business made in germany. in 60 minutes a long d. w. o. dogs are more intelligent than most people thing. with psychology professor john pillay has proved it. how you act with scientific studies, of course,

with the good girl, paul, out of the secret of a friendship with dogs. and us starts february 25th on d, w. ah, ah ah, welcome to global 3000 submerged. how people living in thailand's coastal regions of finding creative solutions to fight flooding out to post as a culinary delicacy. can aquaculture farming help protect these intelligent creatures from extinction and going for gold. why.