tv Business - News Deutsche Welle February 24, 2022 4:15am-4:31am CET
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limited, am i watching data? will you news? and his a recap of the breaking news just coming in. in the last 15 minutes. russian president vladimir putin has delivered a surprise overnight address on russian television and said that rush is conducting a special military operation in ukraine will have more for you coming up in the next hour with what secrets lie behind these will discover new adventures in 360 degrees and explore fascinating world heritage sites. d. w world heritage 360. get the out. now. sometimes a seed is all you need to allow big ideas to grow. we're bringing an environmental conservation to life with learning paths like global ideas. we will show you
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how climate change ended or mental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing and 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 you 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 immobility. this
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is dw business, i'm christy plats, and in 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 russians engines, 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 newer extreme 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 closed that a traders are selling the news because russia and this is from speaking to people
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on the floor, rushes 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 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 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 markets. 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 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. 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 pigeon would massively lose his well in little sluggish, gotten body up, would you must you for the other? or you'll 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 a local presence, such as mercedes zimmerman's or class plantation. nick russia is an important market. goldman, let's neil uber devices we had 30 percent growth in our bilateral trade last year. all the more regretable and tragically are these political problems. now, none of these political uncertainties are poisoned for economic relations if to pretty much have to pursue. last year, the number of german companies in russia fell 8 percent to 3650 trade relations, having 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
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a leading analyst at russ energy. moscow about the sticky situation. many countries now find themselves in. we see a very many members o, b, u, r, critically dependent on the supply of russian. yes. such as the bulgaria, slovakia, hungary, fame, lumber. they are depend them on the critically dependent on russian guests. and this is why it would be impossible to get it consolidated opinion over the e you about embargo over us. some guests 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 it's the crisis between russia and ukraine deepen
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. so does the risks 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 hydro, dream, 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
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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. 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 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 with 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 force forced cultural assimilation. the free tibet non profit 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 americas 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 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. the cabinets and his colleagues have to buy all their battery cells in china. that's becoming increasingly expensive, but it isn't open. so 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. villi 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
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a battery so it needs to be changed, which is much easier than the long distance is rather was a little shy and for us is the long term vague. but battery sales made in europe are nowhere to be found. the blackstone company near trays than 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 vizier, 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, gum, we've developed processes and corresponding process equipment that offer this competitive advantage for tight 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.
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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, dw dot com backslash business. we're also on the d, w, news, youtube channel, and you can find us on facebook at d w dot business to tell next time take care. enter the complex zone with sarah kelly merson, president putin has ordered troops into the ukranian separatist regions of domestic and warmth after recognizing them as independent. my guess this week is all. hi stephanie, tina ukrainian deputy prime minister for european and your atlantic integration. is it too late for a diplomatic solution? well, conflict zone. next on d, w. i'll give you the super plans of the future.
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today already they can replace plastic and petroleum. so food, games from pollution, eyes medicine and are treated as climate savings worldwide . their powers are increasingly being deciphered. oh, geek, a no, no, no material. in 45 minutes on d, w. o. or driven by the merciless others are citing the destruction again to live. the invaders came to preserve the short done the next to benefit from it is trying to destroy the indigenous people with a large scale birthright. and grabbers are exploiting b, amazon rain forest. indigenous peoples are now briefly opposing them because it's
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not only the earth's brains ones that are dying to the rain forest. we cease to exist and or people die out. a long term report from the heart of brazil starting march 9th on d. w. ah, russian president putin has ordered troops into the ukrainian separatist regents of don desk and wants after recognizing them as independent. the move has been condemned as a violation of international law and ukraine's territorial integrity. and it's stoking fear that europe could be poised for the biggest military confrontation since world war 2. my guess this week is all. hi stephanie, tina ukrainian deputy prime minister for european and euro atlantic integration. she joins me on line from t f u pregnancy re dorion integrity in.
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