tv Business - News Deutsche Welle March 5, 2022 2:15am-2:31am CET
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you're watching the daily news life from berlin are coverage off the wall and ukraine continues. now it's stephen betsy and d w. business. of course. as always there's plenty more news and information as i web sized t w dot com. i'm hold on a 2nd button to reset people the world over d, w on facebook and twitter up to date and in touch. follow us. some are driven by merciless greed. others are fighting the destruction. forget to limp and readers came to prison. they shut down the next 2 days ago, ferment is trying to destroy the indigenous people with a large scale. burton 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 loans 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 starts march 9th on d. w. 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 while keeping 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 a ripple effect on commodities around the world will go to sri lanka, iraq,
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oil prices are making a bad situation. worse when walking to the show, i'm seen 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's 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 sphere. 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. that is not controlled by state media. it's one of the few ways of trying to get information
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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 and just pull the plug totally and them 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 up 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 our executive team over the weekend. and you know, we kind of ask them a hypothetical question. imagine, you know, it was world war 2 and your baby was around, how would we wanted to have health? what we wanted to do is just a hypothetical exercise,
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but when you do exercise like that, you realize that you would regret not doing more. if you cut out and didn't b and b plans to offer housing to 100000 people fleeing ukraine for the tech world, the line between business and geo politics remains. as fin as ever. earlier we asked marketing expert, allison and steward 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 their, the real question is whether they're just the spending operations temporarily, or whether they are permanently withdrawing from the russian market. for some, the russian market is a significant source of their revenue, and this will be
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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. it'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 that heavy sanctions affecting imports and money supply as russians war word 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. meatica pro, it's a disaster for me in any way, economically and mentally. what can that give me just come? what item? only look to the companies will be back. prices for electronics have risen steeply
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by up to a 3rd. ever more businesses are reacting to russia's war in 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. most of the west is all about crippling russia and only uses ukraine as a pretext, says foreign minister said gay lover of, 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 with the lanai that yeah, that's what we used to use italian flower for our croissants. we let's, yes, i thought it was me. oh, she lives now. we're experimenting with product from different russian mills. he
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signed museums who seem would keep us in this way. it helps us save some money that's in their own office music accused with jak ice chest. this book nashville secret service for women. experts find it hard to forecast to how the country's economy will fair a tunnel the soon as long as there is no cease fire or piece agreement, no one should expect any larger companies to come back to russia or cooper, or was your super schuessler 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 week where the stock market has been dominated, not by the data, 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
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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. midday those stories would then be released that would fabre 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'll certainty not knowing what you're going to read next, has led the way for a shaky market, leaning towards the downside and markets that i've 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, usually i'd say look at key data, you know, the obvious answers, but he did a hasn't been a market mover recently. it's one of the few times i've seen where the multi jobs
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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 be of this past week crude oil and global brent. they 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. and 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, new york. thank you very much. thank you. and now to some of the other global
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business stories making headlines, the leaders of the world bank and i m f signal thursday that they were ready to help you crane. while warning that russia's invasion will have repercussions for the global economic recovery, i m f, managing director crystelina gord, gather, said the conflict ads, significant economic risk for the region as well as the world. tesla has received a conditional license to begin production at it's electric vehicle factory and the adjacent battery plant just outside berlin. the factory that's produced over $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 group, l. v m h and retailers, amazon, and geronimo martin's sri lanka is already going through an economic crisis. fuel
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reserves are low as our foreign currency reserves to import it. rising oil prices in the rush, you train 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 or not, they are, are they now in? i've been here since 7 am. yesterday the fuel came, but now they said there is no electricity to pump. it might be under the under the, on the one that's because power plants have run out of fuel to as for hydrogen power, reza was a dried up and with monsoon season, 2 months away, there is little hope for things to improve. soon, authorities have no choice but to cut power supply. the land guys i know,
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experiencing them be about after around the sun and i was b. is this do, do our duty is and money's been the natural cost that we had a meeting out, his lawyer or the livers. therefore we need a good generation of hydro power. the other one is due to non negativity of what ex though it's day and week out in board. 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 all was re lancoste, 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 a reminder of our top story. as facebook is kicked out of russia and microsoft leaves the past few days,
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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. so check us out on youtube or the deed of news channels to watch with what making the headline is and what's behind d. w. news africa. this shows that the issues shaping the continent life is slowly getting back to normally where on the street to give you enough reports on the inside of our cars, funds is on the ground reporting from across the continent, all the trend stuff, the mazda you next on d, w to the point in strong opinion. this is clear positions,
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international perspectives. russian forces continue their advance on key cities in ukraine. the onslaught has had an unexpected side effect. vladimir proteins, wars uniting an awful divided world. on to the point we asked pariah po to isolated and bring to the point with 60 minutes on d w with i think everything jenny fair, some are big a muslim so much different culture between here and so challenging for everything. ah, and his home is this, i think it was worth it for me to come to germany. shove my got my license to work
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as a swimming instructor in gucia, now are 2 children. wonder, don't disregard this discussion. what's your story? take part. share it on info, migrants dot net. ah, this is dbi news africa on the program today. 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 one made it to safety and of her harrowing experience as she tried to get out of the country . it was very dull. it was horrible, like, i remember i was shivering, literally learned less countries around the world overwhelmingly denounced russia's invasion of you.
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