in berlin, for the past 2 years have been a headache for global supply chains. businesses are now bracing for more russia's war against ukraine is already distorting markets. now covered 19 cases in china or surging once again. and that's leading to key factory closures. barbed wire separates neighborhoods and change in a desperate attempt to keep a new wave of corona, virus infections in check. china reported 5280 new cases on tuesday. more than doubled the previous days tally now entire cities and are locked down with no way in or out. as some travelers found out. oh, well, i work for my thought on what i was going to go back by long distance bus, but now i can only take a train. i had to wait 48 hours for a negative test result before i could leave. so this does affect me. those who are the asian, what, what does he go into? i think the outbreak is year is worse than the 1st year. but we shanghai people

aren't really panicking. many of us have food supply, stored at home, just in case the neighbourhood a workplace suddenly locks down, for may not be shown here. but it's not only grocery stores that are closing with millions of chinese affected in the countries tech and financial hub. some major companies had to hold production among them, apple suppliers fox con and uni micron. the economic impact for the country could be immense. analysts say that china's goal of a 5.5 percent g d, p growth is unrealistic. i spoke to our type of correspondent, so long hon. about that lockdown, shinji and other cities. i asked what they could me for. chinese trade center will be closed for a least a week and that is serious. the world, 3rd largest port yen tim port in sends and is are likely to be able to accommodate ships this week and perhaps next week as well. we should remember that when this port was closed last year because of their bit epidemic,

the scale of disruption of cargo transportation was about twice as large as a swiss canal jam. and that was where it sends, and the city itself was not in a locked down. with this and more and more series in complete or partial like downs, we will see a car of highly disruptive supply chain. and there are many reports and sources in chinese industry revealing their fear. many be companies have, are they are gradually moving their factories outside of china with a target of about 15 to 20 percent capacity diversification by 2023 or, or producers looking to move their, their chains elsewhere at the moment, given that lockdown, or is it fair to say that this comes at an otherwise difficult moment for the chinese economy. well, i will start with china's official stands that according to the spokes person from the national bureau of statistics, from the figures, the chinese economy has shown

a real warmth. that's what the official said. and the official data showed that china exports and investment grew by 13.6 percent and 20 and 12.2 percent, respectively from january to february. while consumer retail sales increased by 6.7 percent before the industry. the data was to good, far better than the market expectations. we have economists that predict that the pandemic and russel ukranian war could affect half of the chain of g d p. we know the government is targeting the g d p growth. all i'm about, i'm 5.5 percent. now more and more banks expect it to grow by just for it to fight present this year. all right, not to mention issues with the tech sector of course it. so now there's the possibility of us sanctions. that's really on the table now. should china decide to provide material support to russia in its war with ukraine? how big a concern is that for chinese business leaders?

actions speak louder, louder than words, the beijing based asian infrastructure investment bank a i b stopped activities that are linked to russia and the blair's, the bricks development bank, which is jointly financed by china, russia, india, brazil, and south africa also announced the suspension of new transactions in russia, before this, 2 of china is the largest state owned banks, had begun to restrict financing for the purchase of russian commodities. all these show that chinese financial institutions do not want to be sanctioned and lose the opportunity to trade in us dollars. so we know how big a concern it is for the business leaders in china. all right, so it's on hand in soper, thank you very much. is russia on the cost of insolvency? ratings agency? fitch says, says there's an immediate risk of default upon payment of more than $100000000.00 is due to day. if russia were to make that payment in roubles, it could trigger

a technical default. western sanctions hit the russian economy part. many banks have been excluded from the global payment system. swift and a big chunk of state assets have been frozen. while russia has dollar reserves of $640000000000.00, the country central bank is unable to access about half of that due to the sanctions. rushes international bonds are worth about $40000000000.00. $117000000.00 are due today, while the principle payment of $2000000000.00 is due on april 4th, the ration finance minister and tonsil one of said moscow will pay it sets in roubles if western sanctions kept blocking access to its dollar reserves. credit ratings agency fetch warned that pain in rebels with constitute suffering default if russia warm transfer dollars to its creditors within the next month. the international monetary fund much as rushes economies now projected to decline

significantly, and what impact will that had to the global autonomy? let's remember that the reason there unprecedented sanctions is because the unthinkable happened. a devastating war in ukraine and the impact of the sanction is quite severe for the russian economy. we expect deep recession in russia. this lamp is expected to hit neighboring countries such as georgia and moldova, which are both heavily reliant on freight red, russia. and there is also the chance that the recession could expand beyond the region affecting the global economy. and let's take a look at other business news making headlines. b, m w has warned investors that the conflict in ukraine could negatively affect its business for the current year. the company expects lower profit margins due to production and supply disruptions. a global chip shortage will still play

a role as the german car maker doesn't see supply constraints easing until the 2nd half of 2020 to the international energy agency has cut its world oil demand forecasts 420222 just under 100000000 barrels a day, it fears a global supply shock due to sanctions levied against russia. although the energy sector is excluded from those sanctions. major oil companies have stop doing business with the country. the german ministry has warned against using anti virus software made by moscow based ca spit, ca, sperski lab. it says the firm software could be exploited by russia for a cyber attack. ca, sperski says it doesn't carry out attacks. in 2017 the u. s. band, it's government agencies from using software made by the russian company 80000000000 euros over a decade in tell says it's new expansion plans across europe will help satisfy the con, it's hunger for computer chips at the center of its plants as the germans city of magda. burge, a future site of 2 major semiconductor factors. right now it's just

a field next to the outer band, south of mac to book, but soon, construction workers will begin works on to into factories here, to develop and make chips for computers, smartphones and cas. the plan is for our initial investments or 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 expert se grabs was. and if we had something similar with tesla building factory and going heidelberg, marshall the latch semiconductor factory and dressed. and now intel is doing the same. it shows that east and germany is an attractive location for high tech production and developmental so once. and the new factories could also help europe overcome the global chip shortage. while decreasing reliance on asian manufacturers . turkey has been in an economic crisis for years, and the country is set to suffer even more due to russia's war in ukraine. that's because tourism makes up a large sector of turkey's economy with many visitors coming from around the region . western sanctions against moscow have put a stop to their travels for now with its warm climate and sandy beaches. antalya seems like a place for your worried turkeys. mediterranean coast is one of the most popular

tourist destinations for europeans, and has attracted visitors from russia for years with many staying in the areas more upscale hotels, some of their right now in fact, but they're far from relaxed. so when i'm here, so when a leaf in the, in the hotel, probably not need the, almost anything. that's why i problem. i don't need any money to to be spent. but if i would like to visit her cy, someplace i would like to buy in anything in the drug store, for example, some medicine. i don't know how i should be. so of course i had a little bit of cash, but if i would like to pay by my card, i don't know road be possible for me. no, my vehicle isn't on the home with come here for a holiday with our children. and now it's unclear when we can return to russia or would your plane will take us home? it's a difficult situation. our credit cards don't work. it's unclear how will stay here

and how we can survive. i not now congress systematic on this, which of us no planes to fly home and no working credit cards. all due to sanctions, as air travel to and from russia mostly cut off. and many of the countries banks and financial institutions have been kicked off the global payment system. swift. it's a huge problem for the area that greeted $9000000.00 tourists last year. more than half coming from russia, ukraine and bella, bruce, it's unclear if and when they'll come back. and even then problems remain shingo as velcro neosha in the past. russians and ukrainians were brothers. they were friends. they travel in the same boat on the same bus. but now if we want to take them on a visit, let us say to the springs of palmer color, would it be possible to get them on the bus together even yet and given was either reserved for now,

the beaches are mostly empty and the regions future unclear. all right, that's it for me and the dw business team here in berlin. you can always find out more about these and other stories online, the w dot com slash business. we're also on youtube under the d. w. news channel. i'm seeing beardsley. thanks for watching. ah ah, with ah,

to the point. strong opinions, clear positions, international perspectives. russian folks is intensifying their attack on you with each side accusing the other of shocking crimes the world. meanwhile, look, so it's a war weapons, a war of words, find out ball on to the point shortly to the point with on d w. some are driven by merciless read. others pushing the destruction of gun meters claim to preserve, they can shut down the native to do. the government is trying to destroy the indigenous people with care. birch acts, project land grabbers are exploiting the amazon rain forest. indigenous peoples are now briefly opposing them. the heart of brazil in 75 minutes on d. w,

hulu. a matters to us in that's why we listen to their stories. reporter every weekend on d. w. a man with the memories of a woman. ali from syria is born in a female body. forced into marriage, great to his escape will be the journey of his life. far from home, ali can finally become the person he's always wanted to be on the spur badly. oh, in that re credit and we'll go through with it. i was born in starts march 30th on d, w. ah,

this is the dublin years live from berlin, ukraine's president makes an urgent appeal to the united states. great people are defending, not on the brain. we are fighting for the badges of europe and the world. the virtual address to congress bottom is the landscape. ask some more sanctions and military support to fight russia, telling americans we need, you know, also on the program. nice. and it looks to shake up its approach to security. it will take you to brussels where aligns defense ministers.