tv Business - News Deutsche Welle March 4, 2022 10:15pm-10:31pm CET
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additional ceremony at the birds nest state, even beijing that did not include russia and bell roofs, ukraine's athletes. however, they received a warm welcome and some of them gestured their defiance in the wake of the russian invasion on thursday, the international paralympic committee bell to pressure and band russia and bella bruce from competing. the games run until march 30 stephen beers leaves of mx with the w business days have a good weekend. everybody hold her, understand that i think that tags and in the end is a me, you are not locked up to you anymore. we will send you back. are you familiar with this with the smugglers reliance of the what's your story. ready i mean, like i was women, especially
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a victims of violence in and take part and send us your story. we are chain always to understand this new culture. so you are not a visitor, not a guess. you want to become a citizen. in phil migrants, your platform for reliable information ah ah, facebook kicked out of russia, microsoft says it's left for tech companies in particular, the past few days have been a balancing act, and they satisfy pressure from western nations bookkeeping. perhaps critical services going in russia. also in the show as show as sanctions start to bite and the value of the rubel collapses, russians are starting to feel their countries isolation. and the war is having
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a ripple effect on commodities around the world. will go to sri lanka, rising oil prices are making a bad situation worse. low and welcome to the shove. i'm seeing currency in berlin . russia has blocked facebook and restricted access to twitter across the country, saying the social media sites were discriminating against russian news outlets. earlier in the day, microsoft announced it was the spinning new sales and services in the country. it's just the latest you as tech company to make the move it's i phone went off limits several days ago. but apple app store and other services are still available in russia like other tech companies. it's walking a tightrope, responding to western pressure, while trying to stay afloat in rushes, tightening information. sir. the tech platforms right now are really doing a delicate dance in terms of i think it's important for them to stay operational in russia. as it's one of the few tools that russian activists can use,
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that is not controlled by state media. it's one of the few ways of trying to get information out to counter what is coming from the rushing government. and so they are trying to both stand up to the country, but also not go so far that to just pull the plug totally. and then being, being available. facebook lost that fight on friday. russia has also restricted twitter, other apps, a trying to hold on. spotify, meanwhile, closed its offices in russia. it said it's streaming app would remain. tech companies are finding other ways to respond. microsoft has helped prevent cyber attacks in ukraine and neighboring countries. other brands are focusing on relief efforts in a conversation with their executive team over the weekend. and, you know, we kind of ask them, i have a question. imagine, you know,
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it was world war 2 and everything be what's around, how would we wanted to have helped we have wanted to do. it's just a hypothetical exercise, but when you do exercise like that, you realize that you would regret not doing more. if you cut out and didn't be in b plans to offer housing to 100000 people fleeing ukraine for the tech world, the line between business and geo politics remains as thin as ever. earlier we asked marketing expert, alison stood allen for her reaction to the united stan, taken by western companies so far in response to the war. well, i think the list of companies leaving is massively growing and growing quickly. i think what is absolutely the right thing to do is for these companies to cease trading there. the real question is whether they are just a spending operations temporarily, or whether they are permanently withdrawing from the russian market. for some,
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the russian market is a significant source of their revenue, and this will be a very damaging commercial decision. however, the upside of that is that they build trust with the range of stakeholders, their consumers, their suppliers, their employees, their investors. so no doubt these companies will have weighed this up before making such a decision. that's marketing expert allison steward allen. there of the departure of western businesses from russia has not gone unnoticed or not gone noticed in the country. but the heavy sanctions affecting imports and money supply has russians more worried every single day, they're feeling their country's isolation. a bit more stores are closing, the rubel drops. so my payment systems function only partially and people are getting more and more worried them yet because it's a disaster for me in any way, economically and mentally. what can i give me just come?
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what item only look to the companies will be back. prices for electronics have risen steeply by up to a 3rd. ever more businesses are reacting to russia's war and ukraine. ikea has closed its stores in russia. thousands of employees are losing their jobs. the car industry has come to a stop to with porsche, and volkswagen halting production. miles to the west is all about crippling russia and only uses ukraine as a pretext, says foreign minister said galen rav. he says, the sanctions are attacks on russia's freedom. as long as we can still afford bread is an old russian expression in this bakery and moscow. they're still making bread . they had been planning on an end of the pandemic, and for tourists to come back. now they are trying to figure out the future. though live, it even lit up. would they deny that? yeah, that's what we used to use italian flower for our croissants. if we,
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let's use a daughter with me. oh, she lives now. we're experimenting with product from different russian mills. he sighed. museums, news, in wiki, as in this way, it helps us save some money. that's almost music accused with jak ice chose the spook, much the security service for women. experts find it hard to forecast how the country's economy will fair or good to lose you. as long as there is no cease fire or piece agreement, no one should expect any larger companies to come back to russia. oh, well, you buttons to the contrary. the list of businesses leaving russia will only get longer in the coming days. let's go to james sweeney. now, in new york. a james, it was a wild, weak on markets in response to this war. what stands out about what you've seen? it's been awhile the week on wall street and we've actually had a leak where the stock market has been dominated, not by the data,
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but by geo politics. today, for example, we had a stroll, multi jobs report, but that was put on the back burner for the latest round of ukraine updates. and this has happened all week long. a barrage of news updates that have led the way for shaky moves and mixed reaction. so the answer is what, what this week has really been, it's been a week of typical market moves in a time of crisis. it's following the important lesson that uncertainty is the markets worst enemy. look, we woke up every day this week, the various headlines regarding this conflict. i will catch up in the morning to a series of positive reports. mid day. those stories would then be released that would favor a downturn, and then it's dinnertime and my phone would explode with headlines, favoring mixed reactions, depending on your interpretation. and that's been all week long, and that uncertainty not knowing what you're going to read next, has led the way for a shaky market, leaning towards the downside and markets that have responded accordingly. or it's a lot of downsides this week. what for with that wild right, james, which we expect coming up the days ahead. well, but for the days ahead,
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usually i'd say look at key data, you know, the obvious answers, but he did a hasn't been a market move or recently. it's one of the few times i've seen where the multi jobs report didn't corner any response. but back to the question, the obvious answer would be, let's look for updates about the situation ukraine, russian troop advancement, global sanctions. but here's something that should stand out. what should be in focus, energy prices, consumer reactions to that the us this past week, crude oil and global brent be pushed well past the $100.00 a barrel level. and it's been in the headlines, not as much as it should be. prices are rising. people are feeling the financial pain, my social media feeds here in the u. s. covered and angry reactions to the fuel pump prices. in addition, people not that happy with the white house, which is still as we speak, paying russia for oil, putting u. s. dollars in their pockets for who knows how they're using those funds. so keep an eye on oil prices, possible sanctions in the coming days. coast that should go under that headlines and it will definitely move the markets. or i more more pressure for those sanctions. james sweeney,
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new york. thank you very much. thank you. and now to some of the other global business stories making headlines, the leaders of the world bank and i m f signal thursday that they were ready to help ukraine, while warning that russia's invasion will have repercussions for the global economic recovery. i m f, managing director crystelina gorge ever said the conflict adds significant economic risk for the region as well as the world. tesla has received a conditional license to begin production at its electric vehicle factory, an adjacent battery plant just outside berlin. the factory that's producer, $500000.00 battery electric vehicles a year, while the battery plant will generate over 50 gigawatt hours per year. outstripping european competitors on both fronts. big brands are pledging large donations to aid organizations involved in providing humanitarian relief to those affected by the war and ukraine. toymaker, lego plans to give $16000000.00. contributions of 5000000 will be made by fashion
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group, l, v m h, and retailers, amazon, and geronimo martin's a, sri lanka is already going through an economic crisis. fuel reserves are low as our foreign currency reserves. 2 important rising oil prices with russia. ukraine conflict are making the situation worse. it's one long line of trucks waiting to get fuel. but with the oil price skyrocketing to more than $110.00 a barrel, sri lanka can't afford much of it. and even when gas stations do get the delivery problems persist. oh my payers, are they now in? i've been here since 7 am yesterday the fuel came, but now they said there is no electricity to come pick them at the end of the non dio, them on the one. that's because power plants have run out of fuel to as for hydrogen power, reza was dried up and with monsoon season, 2 months away, there is little hope for things to improve. soon,
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authorities have no choice but to cut power supply. the land guys, i know experience england then be about god. after around that signing up i was, he is he still do a duty is and money's being the natural cost that we had a meeting out. he sawyer what dollars. therefore, we need to cut in generation of hydro power. the other one is due to non negativity of what ex though it in and be counting, bought the necessary for with the power off stores are serving customers in the dark. if at all streetlights or out a $1000000000.00 credit line from india aimed to alleviate the situation, always sri lanka, lack of funds, is getting worse by the day. and that again is due to the war after all, through lancaster main source of income, a t exports and tourism for both russia and ukraine are important markets. and for now sidelined you've been watching dw business before we go. here's
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a reminder of our top story. as facebook is kicked out of russia and microsoft leaves the past few days, have forced tech firms to try and satisfy pressure from western nations while keeping services going in russia. that's it from me and the business team here in berlin. you can find out more online d, w dot com slash business. also check us out on youtube or the deeds of the news channel to watch, with making the headlights and what's behind van d. w. news africa. they show the issues shaping the continent. life is slowly getting back to normal here on the streets to give you enough reports on the inside of our cars. funding was on the ground reporting from across the continent and all the trend stuff. the mob to you next on
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d. w to the point in strong opinion, this is clear positions, international perspectives. russian forces continue their advance on key cities in ukraine. the onslaught has had an unexpected side effect. vladimir proteins, wars uniting, and often divided world. on to the point, we ask pariah pooty isolated, angry to the point with on d w. a . y subscribed to d w books. you meet your favorite writer. my only objective when i write is to share or define beautiful. i did over your books on youtube. this is a 15 year old girl. being gang raped. his teacher is beating
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a boy for talking bergen. klaus or the rest of the class. fortune appears toddler is being hit by his mother. breaking a class. just because you can't see violence against children. doesn't mean it doesn't bear mike. the invisible, visible opus mike, violence comes children's disappear. this is d, w. news africa on the program to day. the africans struggling to escape the conflicts in ukraine. hundreds of thousands of people are fleeing the fighting in ukraine. among them are tens of thousands of african students. we hear how, what made it to safety and of her harrowing experience as he tried to get out of the country. it was very dull. it was horrible, like i remember i was shivering literally.
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