tv Business - News Deutsche Welle February 24, 2022 12:15am-12:31am CET
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pan cities such as paris and london are also taking part in the initiative will change data, but the news that so news bulletin this out. i forget there's lots more news and analysis about this developing situation in ukraine and as well as much all the news on our website, d, w dot com. i'm rebecca written thanks for watching with we've got some hot tips for your bucket list. ah, magic corner trip hot spot for food and some great cultural memorials to boot w travel, all we go to some are driven by merciless, for others, pushing the destruction for gauge not when beaters came to preserve with the
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government is trying to destroy a large scale version of a to project led to grabbers or exploiting the amazon rain forest indigenous peoples or no. briefly opposing them. a long term report from the heart of brazil. stuart to march 9th on d. w. ah, the u. s. clears way for 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.
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this is dw business, i'm christy, platinum, berlin, u. s. president joe biden announced a 2nd tranche 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 the 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 dell and also closing at its lowest point for 2022 as investors struggle to juggle the
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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, moscow promise is a strong response and look at the market close that a traders are selling the news because russia and this is from speaking to people
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on the floor. russia's been sending a lot of mixed signals. first, russia sent troops to the ukranian border, acknowledges the independence of 2 separate territories, but them who and says, they're not troops, they're peacekeeping forces. okay. then as sanctions ran down on the u. s. broke from the u. s. from the u. k, from the u. russia. promise is 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 market slower and keeps traders handcuffs, 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 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 today 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
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financial market. com returned on wednesday, investors are apparently hoping this week's initial sanctions against russia will leave room for avoiding further escalation. i will give those nozzle, 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. yeah, 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 it's not expected that the worst will happen, because putin would massively loses well in little sluggish columbia 40 must be fully assaulted. oil 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
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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, z, men's, or class plantation. nick russia is an important market. goldman, let's yoga devices, but we had 30 percent growth in our bilateral trade last year. all the more regrettable and tragically 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 $3650.00. trade relations haven't been weaker since russia annex crimea in 2014 and coven 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
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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 that they're very many members o, b u r. critically dependent on the supply. overestimate? yes. such as the bulgaria slovak. yeah. hungary seemed lumber. they are depend them on the critically dependent on russian guests. and this is why it would be impossible to get it constantly dated opinion over the e. you about embargo over s some guest 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. but as the crisis between russia and ukraine deepen,
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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 us 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, an active industrial partner 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. where shall 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,
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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. it's 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 russian gas already. ellen, g tinkers from alleys like the u. s. in japan, or 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 those 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
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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 nonprofit says there are nearly $700.00 such listings. air b and b a 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 uneasily means there's already a major effort underway to boost europe's battery production capacity and manufacturers are finding in our innovative ways to produce them. e mobility is on the rise and
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not just for passenger cars. the orton company near to the air convert diesel than 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 village cabinets and his colleague have to buy all their battery cells in china. that's becoming increasingly expensive. altruism off on the 3rd 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. very cabinets and his employees are constantly on the lookout for batteries. so manufacturers in europe, that would make things a lot easier. it's not true, it's of course much easier to order batteries on demand. our production warehouse could become smaller like a local supply of spare parts when
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a battery so needs to be changed, which is much easier than the long distances rather was as low as a little shy. and for us is the long vega. but battery cells made in europe are nowhere to be found. the blackstone company, near treason, 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 the 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, because then you could see how we do it in concrete firms that we've developed processes and corresponding process equipment that offer this competitive advantage for titled speed via the cabinets is curious to see whether the printed battery will become a market success. he urgently needs battery sales, preferably from domestic manufacturers and his customers are lining up for them.
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well, that's all from me in 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 d, w news, youtube channels. and you can find us on facebook at b w dot business to tell next time take care ah to one on the run. the other one exhausted from his knife. ah, the other 2. 0 one must go. the other me stay focused on your on d, w. enter the conflict zone with sarah kelly person.
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president putin has ordered troops into the ukranian separatist regions of domestic and nuance. after recognizing them as independent, my guess this week is all. hi stephanie, tina ukrainian deputy prime minister for european atlantic integration. is it too late for a diplomatic solution? well, conflict zone. in 60 minutes on d, w. o. dogs are more intelligent than most people think. a psychology professor john pillay has proved it. how you asked with scientific studies of course 33.
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03. good girl. hey tina. good girl, paul. out of the secret of a friendship. dogs and us starts february 25th on d w. i ah, this is focus on europe. hello and welcome to the show. europe is plunged into uncertainty after russia escalates the crisis with ukraine and provokes its nato allies. with the stroke of a pen, vladimir putin has recognized the self proclaimed peoples republics of new hampshire and on that's in ukraine as independent states. and in doing so, he has violated intern.
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