hm, and you're up to date, business news is up next on d. w with daniel winter. you can also get in depth around the quote coverage of the war and ukraine on our website, t w dot com. and on our social media channels, i handle on instagram and twitter is that detail begin use on jared. read in building. thank you for watching stories that people the world over information. they provide the opinions they want to express d. w on facebook and twitter, up to date and in touch. follow us with, ah,

ah, ah, a warning from germany's top energy farm saying don't cut off imports from russia. meanwhile, coal could step into the energy gap as emotions try to reduce their addiction to rush and gas will get the expert can also coming up all eyes on oil is crude falls back down below a 100 dollars a barrel. after weeks of pressure due to the war in ukraine, bosco correspondent buys the reverse and the chips are down

a major batch on the future of european tech. intel pledges billions to build a semiconductor manufacturing hub in german. i'm daniel winter and you're watching dw business. thanks for joining us. ah, w e. germany's biggest power supplier has warned of dire consequences for households. if europeans turn off rushes, gas taps, reducing dependence on energy impulse is a cornerstone of sanctions over the war and ukraine, cutting off a key source of cash for moscow. but the blow back could be huge. among the consequences, a returned to coal, a fossil fuel that germany had planned to leave behind by the end of the decade. this open cast mine in eastern germany produces around 8000000 tons of leak night every year. it's taken straight to the nearby coal fired power plant on conveyor belts. that was all supposed to stop in 2028 due to environmental concerns. but now

germany is looking at keeping its plants running beyond then after those are due, are still a long way from completely renewable energy supply hosario. so we look at ourselves as a way to close that gap was and as a compliment to renewable energy, would you say there are clear deadlines and laws governing the phase out of coal? here, lavinia be glad we're not celebrating that. we might still be on line after the deadline. we're a little worried about the current energy supply situation. 200 people, homes long. 2 of the 6 blocks in the power plant were scheduled to be shut down this year. and next they've only been running on standby for some time, but they still undergo regular maintenance and checks that ensure they could be ready for use again within a very short time. the only thing missing is the staff needed to run them. to show me that the moment there only 2 or 3 people working there at a time. but to run the technology, we need around a $109.00 people. and we need to get them here because we've got

a plan for that. and we placed the calls, then everything's ready to go in 10 days on us from to them. so far though, it's not clear if and when the flow of russian natural gas will be stopped in germany and europe, and where their coal fired power plants will be restarted. the environmental as green party is one of germany's coalition partners. and so far it hasn't been ready to give up. it's ambitious planned to face out coal by 2030. and so more than that, we asked influential economists, veronica grim if germany could handle a sudden stop of gas imports from russia. i think e and it you could be managed, but it is of course, a severe burden also for the and german economy. there now various studies that have looked at the scenario of the supplies of a rush and got some of those and others this deal with the security of supply of energy supply and others with economic impact of a supply of rushing gas into bottom line is that it is feasible and without getting

cold in the household, but it would have significant economic consequences. and in the short term, there might be high financial burden on individual energy suppliers that can can lead to cascading effects. so preparations must be made an honor to support critical utilities and especially to prepare the next winter without russian gas and sticking with commodities after weeks of pressure on oil prices. crude has now dropped back below a $100.00 a barrel. there was also a u turn in u. s. stocks today with all the main indices and the session well into positive territory. while in new york forces, james sweeney who's been tracking the story for us. james, what prompted the sudden you turn in us stalks and oil? well, there's a number of factors that tie into the recent oil price slide. remember, just one week ago, brent crudely above $139.00

a barrel. and analysts were wanting about 185 dollars, 200 dollars, as traders were shutting russian oil. but now it looks like there's a bit of a glimmer of light. i'm in hopes that saudi arabia and the u. a could possibly boost. well, production is made reports the ways in back to washington c, washington d. c wants to increase oil production and encourage opec to ramp of supply. and that's that all because there's also a believe that the men from china, good drug due to new corona, virus restrictions and major cities. and there's also easing fears for the oil, the oil supply disruptions based on those ongoing see fire talks between russia, ukraine, and lower oil. has these worries of inflation. and that's pay the way 1st row market yesterday. and today as well. you talk about worries of inflation, while the federal reserve has a monetary policy meeting coming up. and of course, investors going to be watching that very carefully for signs of a potential interest rate. rise is this recovery that we've seen noise to short term to factor into that decision making at all at the fed? that's. that's an interesting question. and from my experience, i would say yes,

this recovery over the past 2 days is way too short to factor into the fed decision, which is tomorrow. the markets have already had to 25 basis point rate, high priced in to the, to the market for many weeks already. not days, not hours, but many weeks, and a 2 day rally right before a key rate decision will not only be countered will not only be counted towards this, the not be counted towards that decision tomorrow. it's way too short term. but the next federal decision, which is, i believe in april, that's a lot of time to see more well, price swings and more data and more geopolitical reports that could make the recent today rally a distant memory. one of the you a does not live production. what have chinese demands? don't slow due to coven. what if there's more aggression from russia? what if? what if? what, if too many questions for today for a 2 day price break, that could be very quickly reversed out of nowhere. you know, plenty of investors will be watching that whatever happens. and so will you of course, james, when in new york. thank you very much for that. thank you. let's take a quick check on the other business stories making news. today. the head of the

largest american natural gas producer, e to t says the u. s. could raise gas export to europe to make up for any loss in deliveries from russia. european leaders are looking to liquefied natural gas as a likely replacement for russian supplies. and the german government agency has warned against using anti virus software made by moscow based cas burskey lab. it says the firm software could be exploited by russia for a cyber attack because 1st he says it doesn't carry out such attacks. in 2017 the u . s. band, it's agencies from using software made by the russian company the war in ukraine and the subsequent sanctions against russia had sent prices for gas and oil upwards recently as we just heard. but it's also driven prices for other commodities. one raw material in particular, nickel has rocketed. you can find even coins, stainless steel, electronics, electric car,

batteries. it's nick on the 5th must abundant element on earth. and now the protagonist of a never before seen global price increases ignited by the russian invasion of ukraine. in 2021, russia was the wards, largest exporter of refined nickel. while the e. u and the u. s. evans targeted the material with sanctions global buyers, frenzied to look for alternative sources, sending prices through the roof on february 24th. the day of the invasion nichol reached the already high price of $26000.00 per tonne. in early march pricing started rising steadily spike into $100000.00 on march 8th before settling at $80000.00 burton. the london metal exchange, which sets global prices for industrial nickel, halted all transactions for the whole week. with an unprecedented decision. it also

canceled all traits from march 8, capping the price at $48000.00. the nickel crisis sent sparks flying through the whole industry. chinese ty comes young wanda, who bet on michael price is falling, now has to find a way to bailout his company in schon holding as it struggles to cover short positions worth around $8000000000.00. the pressure on the industry so high that even vladimir baton in the head of russian mining giant nor nickel fell the urge to common in an interview with russian brit custer, r b. c. a warned against russia responding by seizing western properly as it would take the country back to the isolation of a century ago with all over. so let's look at the with those, the blue, the recovery on the russian economy will depend on to the death of the crisis. we enter radio sham, the sooner this the situation is resolved. and the sooner normal dialogue with partners resumes, the softer the consequences for our country. willoughby. knowledgeable above lift

the luscious lung. nar, nickel is another example of how the invasion of ukraine is playing against russia's economic interests. but it's far from clear that increasingly nervous stance of typhoons like baton, and could bring pressure on vladimir putin to end the war. it's a major new investment in european tech u. s. chip maker. intel has picks the eastern german city of magda book as the site full to multi 1000000000 euros semiconductor factories. the covey pandemic showed what can happen if supply chains or computer chips is disrupted. major shortages, this new hub is one piece of the puzzle in europe, seeks to free itself and dependence on asia for chip manufacturing. right now, it's just a field next to the auto bonds south of mac to book. but soon, construction workers will begin works on to into effect arisia, to develop and make chips for computer smartphones. and cas. the plan is for our

initial investment to crate $7000.00 construction jobs. over the course of the build $3000.00 permanent high tech jobs at intel and tens of thousands of additional jobs. many cities in germany, italy and other european countries where vying to host the new factories, marketable, came out on top because of its renowned research facilities, qualified population, and a large industrial site as but the, until city that's going to be created here will change everything. we won't be able to recognize smack the book because it'll create a pull effect that will attract many firms and best offer it. it's one of the largest single private sector investments in europe. and the fact that it's coming to a city in the former east shows the development experts say gardens was. and we had something similar with tesla building a factory in gwin hide ultra machine. the latch semiconductor factory undressed and now intel is doing the same. it shows that eastern germany is an attractive

location for high tech production and developmental tools. and the new factories could also help europe overcome the global chip shortage, while decreasing reliance on asian manufacturers and job to date with dw business. i'm daniel winter in berlin from me and the business team. thanks for watching. in a globalized world, where everything is connected, all it takes is a smart to set things in motion. local hero show how their ideas can change the world. global 3000. next on d, w,

hooton's, war power, energy crisis. germany must end it's dependency on fossil fuels. that's what the plan was anyway. solar power has lots of potential board. does nuclear power lead to make a comeback? made in germany in 60 minutes. oh d, w. o. and then gen and which d w at any time in place. a video, nevada they have like

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