do stay with us, sir. business news update is next. there's plenty more news and information on our website, d, w dot com. i'm michael oke, who in berlin from me and the rest of the news team here. thanks so much for watching d. w. ah, i need to subscribe to read chico, available over mentioned home, the force i'm hold on those missing that we can member rodro that mr. about almost the valley that the last dragons in this world had called to home to yes. typically you books on good. sometimes a seed is all you need to allow the big ideas to grow. we're bringing an environmental conservation to life with learning packs like global ideas. we

will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing. download it now, feel free. ah, the u. s. clears way 1st, sanctions against the operator of the north stream to gas pipeline. but russia has about to push forward with its operations in ukraine. and with the gas supplies under pressure, could it be norway, to the rescue, the oil and gas, which countries as it stands, ready to help with potential gaps in russian supply. also on the show, find out how 3 d printing batteries could power the drive towards the mobility.

this is dw business, i'm christy, platinum, berlin, u. s. president joe biden announced the 2nd trench of sanctions targeting rushes nord stream to and its corporate officers. that's in addition to the punitive measures against moscow that he announced on tuesday. it comes after berlin said it is halting certification of the nordstrom to pipeline that was supposed to deliver russian gas directly to germany via the baltic sea. earlier today, the russian foreign ministry said to expect a strong response to the initial sanctions that the u. s. announced. well, for a look at the market response, we go now to our financial correspondent, james sweeney in new york. james, how have markets reacted to biden's announcement today? will as ukraine rush attentions escalade the markets, they took another hits at a 4th consecutive day of losses for the us and be fed. they of losses for the del and also closing at its lowest point for 2022,

as investors struggle to juggle the tensions between russia and ukraine because there's just so much going on. especially the big news that president biden would impose sanctions on those behind the construction of the nordstrom to natural gas pipeline that linked russia and germany. because one has to remember that just 9 months ago, president biden, you waves sanctions on the project, despite some criticism. and now some of those critics voices are ringing true with u. s. officials now saying that russian forces are ready to are ready for an attack . and prior to bite and sanction announcement stocks, they were holding study only because they were waiting response from the white house. and when that announcement was dropped. so did the markets write well, james, it sounds like we're seeing a lot of our reacting to the all the news coming out moscow promise, some sort of tit for tat, as we mentioned earlier. so how are traitors factoring in some sort of potential retaliation at this point? well mosque help promises a strong response and look at the market closed at a traders are selling the news because russia and this is from speaking to people

on the floor, rushes been sending a lot of mixed signals. first, russia sent troops to the ukrainian booter acknowledges the independence of 2 separate it's territories. but them who and says, they're not troops, they're peacekeeping forces. ok, then as sanctions ran down the u. s. broke from the u. s. from the u. k. from the u . russia promises a strong response, but vladimir putin also says moscow is always open to diplomacy, make signals everywhere. and if you want to know what sends the market slower and keeps traitors, hangups it's uncertainty. and these are just, these are just some very uncertain times for the markets that was james sweeney in new york. thank you so much. you're welcome. while still sticking with that topic, i markets tend to shake at the spectre of war. so what do we make of the relatively sanguine response we saw earlier to day as western nations trotted out their arsenal of sanctions against russia, while from rising oil prices to ongoing inflation, there are a lot of factors to consider right now relief instead of panic on the international

financial markets. com returned on wednesday, investors are apparently hoping this week's initial sanctions against russia will leave room for avoiding further escalation. we have to, i will give laws and also i have the impression the market is as cold and hard headed as putin himself. the markets think that what's happening is not good. the but as long as the sanctions don't endanger energy supply massively and the world economy doesn't slip into recession, they'll get away with a black eye and find it's not expected that the worst will happen. because putin would massively loses well in little sluggish, gotten by 14 must be fully a lot. although prices made modest gains concerns about supply bottlenecks remain. question is how long until we break above and how long do we stay above $100.00 per barrel? ah, you'd, there is an old saying that for every $10.00 increase in the price of oil that

takes off one 5th of one percent of real g d. p. german firms are looking at the russia ukraine crisis with concern and not just those with the local presence, such as mercedes zimmerman's or class plantation. nick russia is an important market. goldman, let's nibble devices, but we had 30 percent growth in our bilateral trade last year. all the more regrettable and tragic him are these political problems. now, none of these political uncertainties are poisoned for economic relations. if 2 d, which up to pursue last year, the number of german companies in russia fell 8 percent to 3650 trade relations haven't been weaker since russia annex crimea in 2014 and covered 19 restrictions have also played a role. well, germany is not the only european country to have a complicated relationship with russia. of course, earlier today we spoke with may mikhail critiquing, the co founder and

a leading analyst at russ energy, moscow about the sticky situation. many countries now find themselves and we see you have very many members of the you are critical. it dependent on the supply of russian. yes. such as the bulgaria slovak, here, hungary seemed lumber. they are dependent on the critical dependent long ration guess. and this is why it would be impossible to get it constantly dated opinion over the e. you about embargo overestimate. guess supply my little agreement there, but one scandinavian country says it is ready to help. should russian gas stop flowing? norway has promised to step up to the plate. this gas field off the coast of norway could prove a lifeline for the energy hungry european union. norway is the 2nd biggest supplier of natural gas behind russia. that's the crisis between russia and ukraine deepen.

so does the risk that russian energy supplies to the block could halt. brussels is urgently looking elsewhere for energy. and that you had quarters wednesday norwegian prime minister yonah gosh ter answered that call. my message coming here to brussels today is that norway will play its part, but we also have something valuable to contribute. reliability on gas and active industrial partners on hydrogen, carbon capture, new batteries, ocean wind, all these new interesting engaging industrial prospects that we can do together. critic say the ease dependence on russian gas left at marble even before this latest crisis. russia last year was accused of deepening and energy shortage in the block by withholding natural gas exports to force you approval of a gas pipeline. nordstrom to germany has now suspended the certification process for the pipeline. and brussels is calling for countries to speed up efforts to

disruption energy. as we've seen, russia has instrumental lives energy over the last past month, if not to say years to put pressure, not only on ukraine, but also in the european union. and we are now really determined to get out of the dependency of rush and gas. already l. n. g tinkers from always like the us in japan are bringing gas to europe's largest port, rotterdam. but it will take more than these to break the use decades old dependency on russia. and now to some of the other global business stories making news today. the you on wednesday present a draft legislation to force big companies to perform due diligence on supply chains to ensure they do not reach human rights or environmental standards. those that fail to comply would face fines imposed by the u member country where they have business olympic sponsor air

b and b is being accused of profit profiting off of listings in shin jang and tibet . 2 regions where china stands accused of fort forced cultural assimilation. the free tibet non profit says there are nearly $700.00 such listings. air b and b has 150000 listings in china. the world bank will give heavily indebted argentina a $2000000000.00 loan package this year south. america's 2nd largest economy suffers from a bloated state apparatus and a large shadow economy that deprives the state of tax revenue. inflation reached more than 50 percent last year and now to a story that brings together 2 of the big innovations of the 21st century electric vehicles and 3 d printing. the shift away from petrol and diesel means there's already a major effort underway to boost to europe's battery production capacity and manufacturers are finding in a way, innovative ways to produce them. e mobility is on the rise and not just for

passenger cars. the orton company near to the air converts diesel van c. e drive vehicles. the family business with 150 employees is a factory. each conversion, a unique piece. one of the most important components is the battery, the cabinets and his colleague have to buy all their battery cells in china. that's becoming increasingly expensive. a tradition of other phone battery, so prices in the current economic climate have increased. it's become more extreme now because the transportation costs for battery cells have increased 6 fold. village cabinets and his employees are constantly on the lookout for battery. so manufacturers in europe, that would make things a lot easier. is the truth, of course, much easier to order. batteries on demand, our production warehouse could become smaller like a local supply of spare parts when a battery so needs to be changed,

which is much easier than the long distances would rather was a little shy for us is the long run. vega, but battery cells made in europe are nowhere to be found. the blackstone company near dresden wants to change that. it claims it's using revolutionary technology to do it. battery cells will be 3 d printed production should be more effective and the battery sells more powerful than asian imports. delara dizzy in a museum is that the system that you see behind me here is the core of the entire printing liner. and of course, we don't want to let you look in there that because then you could see how we do it in concrete terms. yeah, we've developed processes and corresponding process equipment that offer this competitive advantage. what i would be very cabinets is curious to see whether the printed battery will become a market success. he urgently needs battery cells, preferably from domestic manufacturers,

and his customers are lining up for them. well that's all for me and the business team here in berlin for more from us, check out our website, d, w dot com backslash business. we're also on the w news, youtube channel, and you can find us on facebook at dw dot business to tell. next time, take care. voices from the st. forbidden. ah, mahogany music, isn't it? chips and mix of bunk. electro and rap lyrics are about drugs and women. the song speak to the soul of the younger generation. oh. like now a ban on performing it next on d, w. ah, what is money worth?

everything is getting more expensive. inflation is making people nervous. but how did this happen? and could crypto currency offer away out? a glimpse into the complex world of inflation made in germany. 60 minutes on d. w. o. in dogs are more intelligent than most people think. a psychology professor john pillay has proved it. how you ask it? with scientific studies? of course do you do?

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