tv Business - News Deutsche Welle February 22, 2022 4:15am-4:30am CET
4:15 am
into breakaway province in east and you try to president putin is calling the deployment a peacekeeping mission. after he saw the decree, recognizing blue hat and the next as independent. this is d w. news and you're up to that business. news is next. after a short break to stay with my 1st vice, i was a sewing machine. i come from, women are boned by this ocean. even something as simple as learning how to write a bite sized boat isn't. since i was a little girl, i wanted to have a bicycle of my own, but it took me years to life. finally, they gave up and went on by me on my side, but returned with a sewing machine. so and i suppose was more appropriate for girls than writing a bottom. and now i want to reach out to those woman back home for bone to buy
4:16 am
their duties and social rules and inform them about dead basic rights. my name is d about oklahoma and i work at cheatham with ah, can europe get by without russia? gas pensions over ukraine are putting pressure on use supplies. also coming up at credit suisse rejects allegations, it provided bank accounts to notorious criminals following a mass of leak. that's been done. the sweet secret and we visit an australian farm, boasting a world 1st sunflowers cultivated entirely by a drone. this is a dw business. i'm christy plots, and in berlin,
4:17 am
welcome to the program. contention between russia and ukraine force europe to rethink its energy strategy. much of the continent relies on natural gas imported from russia. but we can relations between moscow and it's european neighbors mean access to that supply could be in danger. the, you imported 168000000000 cubic meters of gas from russia last year. that's a lot to lose where the block to be cut off from russian supplies. and don't forget, europe is already in the middle of an energy crunch. so could europe make up for the loss? liquefied natural gas could be a solution. the you currently imports around $110.00 worth of l. n g a month, but that number would have to triple to replace russian gas. so is europe in any position to live without russian gas? to find out more i spoke earlier with maria de mer sees. she's the deputy director of brutal and economic think tank in brussels. i asked her what might happen if
4:18 am
russian gas stopped flowing to europe? indeed, that is a possibility. i think this question, is there a lot more relevant for possibly next year them this year? and the reason why i'm saying this is because we are now closer to the end of the winter. so the issue of heating is less and less of a difficulty. i think if russia was to seize old flows beginning, let's say, next week, i think that it will still see an issue all for prices being high. i but we're not going to see so much an issue of her lack of supply of gas because he not respect we are, we are mostly covered. so i think the eminence at risk is already gone. but of course the question remains relevant for next year. and the year after that, right, well you're saying the currently supplies are more or less covered, but if we were to see, for example, next year, a gap in supplies, would we have access to enough liquefied natural gas to make up for that? yes is either a short answer is says probably no and there is multiple reasons for that. and
4:19 am
there is festival bottlenecks that have to do with the supply of fair of n and g. and that of course relates also to infrastructure to receiver it and distribute the elegy. if that's not something that can happen, i certainly not this year, but also it needs a lot more time for europe to adjust the infrastructure that is required for this. and other reason why it's not easy to quickly use l n g to substitute for ash and gas is their issue or for the fact that the supply of ellen do you require a long term contracts? meaning that we would have to persuade, we being the, you would have to persuade the asian buyers to we direct the supply or to want euro, which of course possible. but it requires an investment of a lot of political capital. so it's not an immediate thing cannot carpet from one day to the x. and then of course, it comes to each of the infrastructure, m l n g. i would have to come to spain and from spain redistributed to our, to the rest of the you. there is geographical difficulties there, so all in all
4:20 am
n g is not a short term. and a substitute for the possibility of ration garza been stopped. but it is of course, in the suite of tools that the you will have to consider for the future. sure, and just her last question here, maria, our european leaders, rethinking their choice to have relied are so heavily on russia for energy. the youth has called to other projects in mind to try and diversify away from ration, gast, who other as a providers. and there is multiple projects that ended there. certainly they would need to be sped up in some way or another. i love will depend also on what to other energy sources. we are going to reconsider. of course, i remind you here of these, of the new, the use of nuclear energy last part of the suite of tools that we have in our disposal. and the one thing i would also say that, paradoxically, this is really going to speed up the energy transition as far as the you is concerned. they you want to travel that way anyway. so i think that's going to
4:21 am
speed it up. right, right. maria de mercy of the brooklyn institute. thank you so much. staying with russia, stocks on the moscow exchange fell further to day after russia downplayed the chances of a meeting between putin and u. s. president joe biden, following a rise in cease fire violations in the east of ukraine. the r t. s. index focused on international russian firms fell 18 percent before making a slight recovery. the index for domestic companies. the mo x fell around 10 percent. the fall wiped out all russian stockings made since november 2020 if yoga has begun generating electricity from a controversial mega dam being built on the blue nile, a milestone was reached on sunday when one of the 13th her binds of the grand ethiopian renaissance damn started producing power in an event officiated by prime minister abi ahmed. it's yes, prime minister courts,
4:22 am
the beginning of electricity production, the birth of a new era. the government says this project is essential for the electrification and development of africa. second most populous country. the 3700000000 euro dam is expected to produce more than 5000 megawatts of electricity, more than doubling as your bias. current production, so far, only one of 13 turbans is operational. the dams completion is slated for 2024 legal bill on the over logwood citizen c o. p. as main concern is the protection of 60 percent of the people who experienced darkness at about 2 mothers who've never seen an electric light bulb to me through. at the same time, i humbly call our brothers to stand together for mutual benefit, instead of wasting their time energy and money and trying to thwart this project that i to mill lin luggable letter from the guy long. he refers to egypt and sudan
4:23 am
as brothers. but both neighboring countries fear the dam could threaten their access to the night. egypt depends on the river for nearly all of its irrigation and drinking water. but abby dismisses its concerns. he owned m at though, as you can see, i'm in this water will generate energy while flowing as it has to, to don and egypt. not like the rumors that say the ethiopian people and government a damning the water to starve. egypt and sudan wyndham, gibson, and not yes, would on his, when you must, rob cairo. and cartoon have long been pushing for a binding deal over the filling and operation of the den. but the talks broke it by the african union have failed to achieve a breakthrough. now to some of the other global business stories making news, germany's central bank fears europe's largest economy, has fallen into its 2nd pandemic recession due to the impact of co 19 restrictions
4:24 am
. the buddhist bank says gdp will probably be negative this quarter, falling on from a fall of 0.7 percent at the end of last year. however, the bank expects germany would quickly bounce back from a recession on monday, morocco in israel sign a trade deal aimed at more than tripling their current trade volume to $500000000.00. the 2 countries are looking at broadening cooperation and collaboration, innovation, moroccan, israel normalize relations in 2020 credit suisse is facing allegations. it has been handling dirty money for decades and investigation, led by german daily. the seductive zeitung has revealed that switzerland's 2nd biggest lender, knowingly managed hundreds of millions of dollars for suspected war, criminals, corrupt autocrats and drug dealers. that's according to an investigation by a consortium of, of, of over 40 media organizations worldwide. the swiss bank says it rejects the
4:25 am
insinuations about its purported practices. business reporter cassandra sons spoke with us earlier about the depth of the scandal. not 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 seaman's 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. had a visa,
4:26 am
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. that was my colleague, cassandra sant speaking about the depths of the credit suisse scandal earlier. a farm and australia has become home to the world's 1st sunflower crop, planted entirely by a drone. the experiment is now in full bloom, drawing in tourists from all over to enjoy the photo op and a glimpse of the future of farming. this sealed 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. sun fails, need to have fairly consistent, spicing, ah, to grow correctly and they also normally get incorporated quite accurately. so
4:27 am
those were some of the challenges that we had to overcome was planning them by drawn. many farmers say the technique is less invasive than traditional planting methods as it doesn't disturb the soil as much. they believe more farmers 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 finally, italy's famous carnival in via radio kicked off yesterday. returning after last year's event was disrupted by coven 19 restrictions. the carnival features elaborate floats from popular culture and current events, including this year. as you can see here, joe biden dress is a cowboy. the annual parade normally attracts thousands of tourists with
4:28 am
a budget of $5000000.00 euros a year and months of preparation. sunday's event was a step back to normality with a half capacity crowd of 40000 people attending on sunday. that's all for me and the business team here in berlin for more check us out on our website, d w dot com backslash, buzz back till next time. take care better to be irradiated. bennett, wandering, and you already made a decision to leave the war torn eastern ukraine for life in turn noble. can they build up something in a fall note region? is it an opportunity or an unknown risk moving to turn noble clue. so next on d, w. priceless treasures stolen from war zone
4:29 am
100 and looted for the international art. market collectors covered these extremely valuable and unique pieces from the middle east, which fetched tom prizes at european auction houses in a moral business that fills the coffers of terrorist factions. blood treasures in 45 minutes on d, w. o, a in many countries, education is still a privilege. tardy is one of the main causes. some young children walk in mind troughs. instead of going to class, others can attend classes only after they finish working with millions of children, all over the world can't go to school with. we
4:30 am
ask why and because education makes the world more, just a make up your own mind. ah d w made for mines? ah ah, beauty entry of is passionate about farming. he fled to warn eastern ukraine after spending $200.00 days imprisoned by separatists. he survived and is now re cultivating, feels nature noble. the brook supposed to radioactive fallout? 0 mostly. this was the only place where land was available, more football, thankfully there are no mines x.
59 Views
Uploaded by TV Archive on
