tv Business - News Deutsche Welle February 21, 2022 3:45pm-4:01pm CET
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hey, this is the to be a business i'm of was in berlin. welcome to the program. contentions between russia and ukraine, force europe into an energy rethink. much of the continent is heavily reliant on natural gas imported from russia. but we can relations between moscow and it's european neighbors, and that supply is looking less secure. the latest figures show that the e u imported 168 cubic meters of gas from russia last year. that is an awful lot to lose. so to russia, for whatever reason, choose to turn off the taps. now remember, europe is already in the middle of an energy crunch. so how could europe make up for the last, from your, from russia liquefied natural gas from the u. s. could be a solution. currently the, you import a 100 tank is worth of l n g a month, but to replace russian gas, that number would have to triple. now let's take
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a look at some of the other global business stories making news. b, p is due to stop reducing aviation fuel containing 5 percent left over cooking oil . that's a plant in germany. on monday, the raw material comes from canteens and catering businesses, which is energy companies. airlines can use the fuel immediately without any technical modifications. new data shows the german government spent 42000000000 euros to protect jobs threatened by the pandemic. the scheme paid most of employees wages when they couldn't work because of operational issues like lockdown minister versus highlight that the cost was worth it, especially compared to the cost of mass unemployment. amazon is set to compete for exclusive 5 year broadcast rights to india is premier cricket league matches door as many as 350000000 viewers. right now. disney owned star india and sony have the digital, mtv rights through to this year. having paid almost $2000000000.00 euros for them
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now, credit suisse is facing allegations that it has been handling dirty money for decades and investigation led by german daily, the student deutsch at zeitung. as available to that switzerland 2nd biggest lend, knowingly managed hundreds of millions of dollars for suspected war. criminals corrupt ot crust and drug dealers. thus, at least according to an investigation, by consortium over 40 media organizations, world wide dis, westbank says it rejects insinuations about it's reported practices. let's get more on this from our report to cassandra son to join me in the studio. thanks for joining us, cassandra. now, the, some massive claims in these documents, what do we heard from them? so as you've mentioned just a moment ago, all the stems from an international effort coordinated by the organized crime and corruption reporting project. and it involved 48 different media outlets. big names
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like the mind and the guardian, and the context here is really what makes this so incredible. folks might know or remember that credit suisse is the 2nd largest bank in switzerland. and this leak included information about 18000 accounts. now, from what we've gathered, we haven't seen the documents, but from what the reports are telling us. most of that those funds aren't dirty, but the pile of dirty money is huge. we're talking about 7000000000 euros worth of funds and the crimes we're talking about here. as you mentioned, they're not petty crimes, their links to corrupt businessman and politicians. yes. but they're also links to people involved in torture and drug trafficking. so this is an enormous bank, 2nd biggest in switzerland, but it says it's a brand that people will know around the world. couldn't people expect credit suisse about shipping a bit more attention to who it's allowing to hold money. and it's a cow exactly rob, and that's why credit suisse is coming under such intense scrutiny. because not
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only are some of these people very well known, but their crimes are well documented and also well known. i'll just go through a very brief list here. we've gotten big names like the sons of the former egyptian, a dictator, hosni mubarak, they've been convicted of embezzlement. and you might also remember the case of the former siemens employee, a german named edwards. i dell. he confessed in 2006 to german authorities to his role in an industrial sized bribery scheme. yet his accounts remained open well into the next decade. there's another case of a swedish man. he's serving a life sentence for human trafficking, convicted in 2011. his account stayed open for another 2 years. and we also have accounts linked to business men and politicians involved with the venezuelan state oil company at the visa, notorious for the last few years for being engulfed in the corruption. but these are all red flags. a lot of key words here that if you're monitoring these accounts should be red flags, but yet these accounts stayed open. so the question becomes,
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shouldn't credit suisse have known that these accounts were linked to often convicted criminal? it was that safe for them. so that's a great question. they have responded. they strongly reject the idea that the bank has problematic business practices. and they've said that these matters, as they've called them, are historical, with some cases dating back to the 1940 s. and they noted that 90 percent of the accounts were closed before they started being approached by media outlets. ok, so i'm just some thank you very much for staying on top of that for us. thank. the hong kong has just posted a record high daily number of covey 19 cases over 7500 businesses on the island had already been contending with some of the strictest restrictions on travelers in the world. but loc down's aim to controlling the current outbreak, plays a further challenge. hong kong quarantine facilities are overflowing, and some hospitals already running out of beds. but as cases reach,
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pandemic record levels here, the government isn't planning a city wide lockdown. still, businesses already feeling the pain. going to come in, jeanette, it, i, grant idol will guide you the pandemic is very serious. no less barely any one on the street. turner. can i bring up your p o going out what that means? no business for restaurants, daniel, from the this fit and way really impacts us terribly. or, you know, it's really an ice age for catering businesses or how i wanted to retire. you know, for many business owners closing temporarily appears to be the best solution. helping them stay afloat while saving on some costs, including energy and labor. but that leaves thousands with no income at a time when inflationary pressures on the rise. some economists are warning that hong kong may fall behind the current global economic recovery. in the short run this of poor consumer sentiment whoa in it or has
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a quite high possibility in bringing hong kong internet. they've grove, again in our, for quite a one for quarter to it really depends on where the kaufman will be willing to relax some of the measures and how strong the fiscal stimulus can be. the hong kong government has called the situation critical, and it's not just about the economy. the election to pick a leader for the financial hub has been postponed to may due to the ongoing corbett 19 outbreak. martinez year has begun talks with the international monetary fund or a potential multi $1000000000.00 rescue package. the north african nations economy is being ravaged by public debt high inflation and rising unemployment as ever. it's ordinary tune indians who are failing the deepest impact. when debbie adrena go shopping at the how far we market tunis, she pays close attention to the prices. if she used to buy a kilogram of something, she now only buys a quarter of that. she's employed by the ministry of education and earns the
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equivalent of $305.00 euros a month, and sometimes has to borrow extra money. she says, just to get to the end of the month. there's no hope. the country is falling apart every year. we think it's going to get better that the cost of living is going to go down and everything is going to be okay. it's not. and it's only getting worse with debt. shop keepers are suffering to people's purchasing power below. johnny complains has collapsed. inflation was 6.6 percent in december. many stayed employees now only by basic foodstuffs in the 1st week of the month when they get paid. the rest of the month, he says they buy only the bare necessities retailers are feeling these effects on a massive scale we used to have a good capital given now our capital is decreasing every year. it decreases real, our profits have decreased, and our expenses are greater than our earnings. people are even shopping on credit
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. we're 30, we buy goods on credit and we paid back after a week or 2 of work. and then we buy more on credit towards boy, the situation is unstable. household left was allow for evelyn, and it was our along with what the economists have also noticed inflation is a problem for the country and is by no means under control. in the middle class has crumbled to the point where a significant portion has joined the poorer classes, less weight, and that has a tremendous impact. it takes years in years to restore and even the consequences of all this will be obvious on a political level, on a social level, on the stability of the country to properly seek so process, yet it's an extremely important asset that has been lost. and the key external pataki i tapered. in the past 2 years alone, 80000 companies have had to close down or leave the country. the corona virus
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pandemic has plunged tunisia into a deep recession, and many are now hoping to be saved by a rescue package from international donors. just failure now, where a farm has become home to the world's 1st sunflower crop, planted entirely by a drone experiment is now in full bloom, drawing and tourists from all over to enjoy the photo opportunity and glimpse at the future of farming. this field could signal the future farming. seating by drones already used for crops like barley and wheat, but many were skeptical. it would work for sunflowers, sunflowers need to have fairly consistent, spicing, ah, to grow correctly and they also normally get incorporated quite accurately. so these are some of the challenges that were yet had to overcome walls, planning them by drawn. many farmers say the technique is less invasive than
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traditional planting methods, as it doesn't disturb the soil as much they believe more from us will follow suit using groans, full, they admit it has still some limitations. the only thing the drawing won't be able to do is harvested at least not yet. at this point, locals and tourists are coming to see the world's 1st sunflower crop planted entirely by drones. it's a picture perfect background for photographers, and shows futuristic tech in full bloom. and a reminder of the top business story we're following for you. this our as tensions with russia rise, europe is rethinking its energy supply strategy is more l n g shit. and providing a possible alternative to russian gas. and as over me, in the business team here in berlin for more from us do had over to our website data we dot com slash business. you can also get us on a d 2 in use youtube channel. and you can find it on facebook as well, d, w dot business till next time i can
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field production engineers itself, is there any g. c? there is another way to plan to switch production in 3 years. using hydrogen and wind power instead of coal for clean steel in the future. tomorrow today. in 30 minutes on d. w. with up to date. don't miss our highlights. the t w program online. d, w dot com highlights 2016 as like a bunch of the clean customer wants to see if gemini was for me. the last few years have been quite a ride, getting brilliant touch with the dividends. i've already done the homework when it
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ah, this is d, w is live from by laying their violence, tens of diplomatic efforts to have a warren, you crank russia, claims to have killed 5 stop and tell us to cross to florida. and that reports of increased shattering and east and ukraine, where keith and russia back to rebels accused each other of launching artillery attacks. also on the program, germany's president arrives in san diego on a mission to establish covered, maintain vaccine plants in africa, security. and the why the saw held region is also on the agenda.
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