how don't go away the up next is the business news with daniel winter here and the studio. this, of course, plenty more world news analysis and debate as well as sports and business news for you on our website. d, w. gov. i'm gabrielle f, as in berlin, thanks so much. ah. with they've had no peace for for decades. the people of iraq country is devastated and there's no end to the violence. how did it come to this?

g eyewitnesses review an unprecedented story with 3 life, much of the great documentary series, iraq destruction of a nation starts march 4th on d. w. ah, russia has ukraine and its site. its military action on the border is putting the squeeze on the ukrainian economy. 2, will get more on how the tension is disrupting business that also coming up as g 20 meets in indonesia, the host one, the ukraine crisis could threaten go pulled, recovery of to pull countries, took on large amounts of debt to get through the pandemic. and after years of worries about right, sharing apps, taking away their livelihoods, brazilian taxi drivers fight back with our own. hi,

i'm daniel winter and this is d w business. thanks for joining us. it's not just the russian military presence on the border that's troubling ukraine. it's a knock on effect, the ongoing tension is having on its economy too. many projects have been put on hold as investors withdraw funding. the ongoing tension forced the ukrainian central bank to lower its growth for costs for this year, and that was before the latest increase. they to step up on the border. a conflict would impact lives and livelihoods alike. the country depends on exports from wheat to lithium. it's also one of the world's biggest exporters of i t services, all under pressure due to the potential of a new russian invasion. and talking to us now as alex and marcus, the chairman of the german ukrainian chamber of commerce, thank you very much for joining us. and 1st of all, what's the sentiment among your chambers, members, and partners in ukraine at this moment in time?

oh, everything is a business of you a little at the moment. um. okay. all companies are preparing the risk management plans or making an update to that. but i heard of no business that actually stopped because even was a warning from the german embassy to for the germans to leave. we have to be aware that if the, i don't know, some c o is to leave the country, that doesn't mean that the company stops working then so everything is okay. it's interesting because you left the country after the warning was issued by the german foreign office and i imagine many other german business people and people for many other countries. i've also been forced to leave and you say that that is not disrupting things significantly. and that you believe it's just business as usual. you know, let guess back chile, the lessons we learn. so bend on me because we are all know we used how to do business from any part of the world without any problem because we just switch on

online and here we are. so i have daily contact with my was my stuff i had to leave but, but this is just more formal cause of insurance reasons because there is no insurance coverage. if you do not falling, these are the se in these call, all these other demand to leave the country. and so, if that's a situation at the moment, what are the prospect's going ahead? if we do see things increasing intention on you, your members partners must be making contingency plans. i imagine. yes, that's what i said in the beginning, we are all doing or contingent and we are preparing for that. but in the end, i'm not a military expert, but my expectation is that what is happening today is the,

this is actually the go from the, the guys of the other side of the board in a crane. because you know, they want us to panic. they want us to switch on business to leave the country, but that does not happen. and then instead i work with companies. they say that said they have more orders than ever before. so no one wants panic. but what ukraine has accused russia of is carrying out cyber attacks. so doing more than just that, the military tension on, on the border as we've seen on what can you tell us about that? um that is something we we have already for 4 months did not start low because they were trying to enter the different systems state systems. and you know, the cyber tech hold beecher i'm at on or 2 years ago,

and this is permanently permanent going on. nothing. okay. such, i've been com, but not about planning that the worst, i guess. oh, yes, let's actually, the only thing we can do. all right, ma'am. that's. that's the only reason you can do the mon, alexander marcus of the job, ukrainian chamber of commerce. thank you. very much for taking the time to speak with us. thank you, brother. finance ministers in central bank governors from the g. 20 countries are beginning their summit in bali, though many are joining in on line the head of the gathering. the indonesian hosts warned that the ukraine crisis was putting the global recovery at risk. a big problem is debt with many countries taking on new obligations to survive. the pandemic, the i, m. f and world bank has sounding the alarm with global debt already totaling around $226.00 trillion dollars. the u. s. as calling on china in particular to do more to provide debt relief as inflation refreshes,

i could even more difficult to service debt. and as get more on this from guild matters in jakarta, forest and gale, it appears that the tension between russia and ukraine is casting a long shadow of the event added unwelcome guilt. can you hear me? oh, very clear message here from the current host. not sure if georg can hear me at the moment, so we'll move on to our next. our story, right, sharing apps like goober were ones touted as a way for ordinary drivers to earn extra money on the side. but the app and many like it face widespread criticism for creating more competition for taxi drivers and not paying its work as well. and brazil's largest city sal paolo drivers are launching a rival app ride hailing fairs rolls around 60 percent last year in sao paolo. but out drivers didn't get to see much of

those games trickle down. alinda thought if goobers fair not just ober, but all apps is really low, the fair is really low for drivers. and then you have the fuel on top of christ, the fuel, it's destroyed. every once business gabriel spent o'connor gasoline prices where up 50 per cent last year. when brazil's inflation hit a 6 year high, a 10 percent up drivers aren't burning enough to cover rising costs. and they say ride hailing firms like ober have been taking advantage of the countries high unemployment rate e order will put it in all day. she would, her to day drivers have no security, outdated wages, a very complicated working environment. and with all of this in mind, we felt obligated to create our own app to compete in the ride hailing market. in

order to take better care of the driver's ha, but up all day, we don't believe. 150000 up drivers have teamed up to create an app goldman booth sca portuguese for pick me up with it. they want to retain a bigger chunk of the fair estimate. say the ride hailing ups. keep anything from between 14 to 60 percent of the fair. the drivers hope nebraska will change that. now to some other global business stories making news, google has announced plans to phase out a form of ad tracking on its android mobile operating system. similar to apple's track blocking on i phones, google says the move will improve user privacy by removing unique identifiers that allow advertisers to follow users across apps and websites and a particular device. chinese officials have given audi the green light to build a new electric car factory. the german brand wants to produce 850000 cars per year

in the northeastern process of g. lynn. the plant would be run jointly with a chinese partner. audi hopes to finish construction in 2024. after 2 years of losses linked the pandemic in its costly a 380 super jumbo european plain make an air bus has record of recorded record profits. in 2021. it earned 4200000000 euros next to a strong order book. and cost cutting measures expects to deliver more than $700.00 planes this year. and now i believe we can return to jakarta where guild matters is waiting for a scale. thank you very much for joining us. it appears that the tension, as we mentioned earlier between russia and ukraine, is casting a long shadow over the g 20 meeting that's taking place there. it appears. i lost the connection again to you, but what i can tell you here is that in detail, the crisis between

a surrounding ukraine at the moment a has been put on a really packed agenda here of to year 20 of finance ministers and no one less than the president, a drug will be dodo himself, had a clear message here as the host of the g. 20 a to both parties. when he said it is not the time to create a new tension that disrupts the world economic recovery. and he said a potential conflict in that region would be an added an unwelcome source of uncertainty. now, as we mentioned at debt is a big issue on the agenda of this meeting. and we can see the debt of both high and low income countries left. once the pandemic started in 2020, and the fear of some lower income nations could be stuck in a debt trap, though. where are the sticking points when it comes to debt, restructuring, or even debt forgiveness for poor nations?

i am unsure if georg can hear us at the moment. joining us from all way from jakarta, so you can understand that sometimes the line isn't so good, but we'll see what we can do about that for next edition gucci. oh, wow. so that's all we have time for the moment. now your to date with dw business, i'm daniel winter in berlin from me. i'm the dw business team. thank you for watching. ah ah, ah ah

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