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tv   Business - News  Deutsche Welle  March 15, 2022 12:15am-12:30am CET

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of people have been able to flee the besieged city of mar you pole along an escape route. path ukrainian authorities are accusing russia of blocking a convoy of desperately needed aid from entering the city. tens of thousands remain trapped in mario pole without. he toll out the basic necessities you're watching it up with you. news business is up next to happiness is for every one. human penises are very different from primates. penises, we have a totally ridiculous romanticized view of nature. a there and david and this is climate change, regular sex who, how pianists in 3 books, you'll get smarter for pre d w books on you tube. ah
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ah, ah, western firms warned to watch out reports suggest bratia is threatening to seize assets from us and european companies who pull out of the country over its invasion of ukraine will get more from our correspondent in new york. germany is eyeing an order for dozens of american fighter jets as it pokes up. it's armed forces and sanctions are hitting the russian economy hard, but they're also affecting european firms. deal with russia will hear from want
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this is due to be business. arnold was in berlin, welcome to the program. there's growing concerned, the russian government could seize the assets of western companies that have pulled out of the country. donald starbucks and coca cola are among major brands. we've stopped operating in russia. meanwhile, proctor and gamble, ibm, and others, supported exports that will street journal reports that russian prosecutors have threatened with arrest assets. seizures. president putin has also proposed pointing administrators to run companies that shut down production and rush from on this last cross to our financial correspondent in new york, james sweeney. and thanks for joining us, james, can you tell us how serious they, american corporations are taking the threat of assets? seizures. ok, so these reports of russia threatening to seize assets of u. s. companies pulling out of russia are very interesting. and if you're asking if
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these threats are being taken seriously, of course they are what company wants to lose their assets. if you want that, if you want that to happen, then that would make you a bad business person. and the u. s. must take these threats very, very seriously, because they were making similar asset reasons, these threats to russia and russian business owners just last week. and when you're dealing with russia, if you're going to issue them a threat, it's a given now that they're going to threaten back and try to be bigger and louder. last week the u. s. declared that any assets held by the central bank of russia in the u. s. such as gold will be declared and accessible. i'm sure russia central bank took notice of that took it seriously. and even last week, when president joe biden threatened russia's business, the lead by saying that we're going to come and get your ill be gotten gains during the state of the union address. i'm pretty sure rush and business owners and the government took that seriously. and then we have rushes response, the back and forth continues. yes, so all the likes of mcdonalds, coca cola, starbucks expecting the russian government to react to that pulling out of the country. these companies that are still in russia,
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the must expect retaliation when it comes to russia. these last 2 weeks. the one thing we've learned is that their actions are hard to predict and well, it is, isn't it better to be safe than sorry, and these are in some small mom and pop shops or some guy wren thing trying to sneak out and disappear overnight from a landlord, after not paying rent. these are multimillion dollar american companies doing business in russia. and what's the rule when you reside on their soil? you play by their rules and their customs, even as it changes. what have been the knock on effects for the american firms that have been pulling out to russia though other than any threat? so they might be from the russian government. what impact is it having on them anyway? well, when these companies leave russia in the 1st place, you're going to lose a large market of consumers. some of them are pretty wealthy. as we've read the past 2 weeks. you also may lose the trust of some of the russian people who don't know why you an american company is pulling out over an event that they are not directly responsible for. busy you also can lose access to key markets, key demographics, key food in grain suppliers,
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energy suppliers. and you're also in danger of throwing away the decades of hard work and community building that made you a recognizable name in that country. when the doors 1st opened back in the 1990, such as mcdonald's, the fruits of all that work and dedication may soon be gone for good. and that's, that's pretty much a loss for every party involved. id james sweeney in new york. stay on top of that for us. thank you very much. thank you. next germany is planning to buy up to $35.00 f $35.00 fighter jets from the united states. berlin is planning a 100000000000 euros is spending in its response to russia's invasion of ukraine. some of its allies think it's about time to now. traditionally, larger nations have spent more on defense than germany in 2020 the u. s. lead the world with the military spent a $778000000000.00. china spent just over 250000000000, and germany spent only a 5th of what china spent. now that year russia had
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a military budget of $62000000000.00. that incidentally, 10 times what ukraine spent, but it's also represents a greater share of the russian economy than us and chinese spending. so which companies are the biggest players when it comes to defense? well, us company lockheed martin, which makes the f 35 leaves the way with cells of 66000000000. but as you can see here and followed closely by your service and 2 more american companies, raytheon technologies and barring now the store comb, international piece, research institute tracks military expenditures and we've been hearing from its senior researcher lucy barbosa, who drove the european countries had been already increasing the immature expenditure for the past few years, picture since 2014 in russia's annexation of crimea. but this one is actually accelerating, so there were increases that had been announced, but now there are increase on top of increases, so to speak. so companies that say for instance,
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like sweden or prudent were already saying they were going to increase their return expenditure, but honestly they're gonna increase even more. so we're going to see europe as one of the read the key regions driving which is spending for the coming years. let's take a look at some of the other business stories making news around the world. these g d p won't grow by 4 percent. this year's previously predicted, according to the european commission. but while russia's invasion of ukraine may weigh on the flux economy, the resulting higher energy and raw material prices aren't expected to completely de rail. it's recovery from the content. ela must says is companies tesla and space x are facing significant pressure from inflation. rushes war in ukraine has pushed commodity prices to the highest levels in 5 years. tesla has reactive by raising prices for several car models by $1000.00. the meta says it's suspending certification of russian planes licensed in the british overseas territory is due
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to sanctions on moscow. the prohibits necessary maintenance work on the plains. the measure is likely impacting hundreds of russian commercial aircraft, more than $700.00 of which are licensed in bermuda. more than a 1000 airport security workers in germany went on strike on monday, leading to the cancellation of hundreds of flights they're calling for better pay and working conditions. on tuesday, thousands more travelers are expected to be stranded when the strike expands to germany's biggest and busiest effort. frank. now western sanctions hitting rushes economy hard, but they're also having major knock on effects for companies across europe, particularly those who deal regularly with the russians. we visited one firm why revenues are due to 4 by 3rd the workers here still had their hands full with orders from the u. s. and middle east. but the loss of that contract from
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russia is a painful blow, the magnet that based them. and i am once at least an indian alongside the economic problems. i of course worry not just as a business manager, but also as a father about what the future will look like. awards from the photos own versus the visit is who controls the relationships with his russian customers were longstanding and friendly. but that's not much used to him now. his firm is no longer allowed to deliver its products to russia, as they are used in the petrochemical industry, or wooden wooden are going on with with us. he's a look the van through and essentially this product is affected by the sanctions because as needed for oil refinery in the so i can't ex, quote them to russia any more that will cost me about 30 percent of my revenue was like 40 on was one with the other isaac woodson minus what was that,
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and what was i was mom the e has imposed a ban on this kind of technology in an effort to hamper rushes, military capacity. what this means that the employees here is not yet clear. it might be necessary to cut working hours as recover doesn't, will agree, as well as employees were not that pleased about it because a lot of our products are to live, to russia. it's our jobs were talking about. and of course, we want to keep them going about if the difficult time more difficult than corona definitely mathias a low may have to close his russian office. but it's not the only problem. raw materials are getting harder to come, bye. gasoline by spoons all his yesterday. i was at our plant ins and for me, prices for carbon steel rose 30 percent overnight for him to me from guests wants a word or crazy fulton, christine. the firm has 27 employees, including 3 from ukraine, but only the german ones are prepared to appear on camera and speak about the war
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in ukraine. have you not used us e? we hate that the situation comes down and piece is secured. that's the most important thing. the boss doesn't think the sanctions will hit russia where it hurts. he expects his chinese competitors to fill the supply gaps. now the ukranian ports of a desa has long been a crucial crossing point for goods traveling both to and from russia. for example, it's a k stuff of the goods bound for russia from ukraine's neighbor moldova. but the conflict means that the mold ovens and now cut off from them most important trade route. apples upon apples, the farm used to export about 90 percent of them to russia, mostly through the ukrainian port, odessa. only 60 kilometers away. that route is now closed due to rushes attack on ukraine, life has changed dramatically for moldova as a result of the war. manzona my mil simply in this area we produce mostly apples,
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grapes and green sheets for lucy chicken. yet the conflict in ukraine has a big impact on our exports via odessa, or by road to the russian federation for pardon what? especially apples and grapes my departed to pick all the kind of mighty kim, this. now this is impossible. alt open that and figure out my little i mean, and we're looking for alternative ways to export like such as through romania, c o. m a. d export in romania. but the nearest port in romania is not 60, but over 400 kilometers away. other trade relationships, for example, with germany are still in their infancy because moldova lives directly on the border with ukraine. more and more refugees are arriving. the country has already taken in over 300000. among the 8 being distributed are the apples that can no longer be delivered to russia due to the war. and that's all from me and the
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business team here in berlin. if you do want more from us, you can of course, head over to our website, d, w dot com slash business. and you can also find us on the de dewitt news d. w. news. youtube channel actually should check out as series business beyond the license of which ask the question, do sanctions work? we're also on facebook. it goes as need of you don't business as well until next time. oh, today she's self confident and strong. but as a victim of female genital mutilation, mary clara miranda, suffered for a long time. now she's taken up the fight against this cruel practice, and helped victims to her, and i zation marie claire's lead or kiss. kiss up next
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on d w. a pulse ah, the beginning of a story that moves us and takes us along for the ride. it's about to perspective culture information. this is the that we're you news and more. d, w. made from mines. oh. and so did in the right wing extremists, i suggested, well, my incoming weight and burn in south africa, people with disabilities more likely to lose their jobs. in the pandemic black lives matter, shine a spotlight on racially motivated beliefs, same sex marriage is being legalized in more and more countries. discrimination and
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