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tv   Business - News  Deutsche Welle  March 17, 2022 10:15pm-10:29pm CET

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united with awe.
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oh, what people have to say matters to us or me. that's why we listen to their stories. reporter every weekend on d. w. ah, proteins, warren, ukraine continues that knock on effects are rippling across the world. businesses are struggling to get goods between europe and asia. even supply chains inside europe are affected, threatening livelihoods, driving up prices for everyday goods. and rising prices are also affecting argent times inflation data and stagnant wages, increasing the pressure for some to leave for better opportunities elsewhere. also
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coming up with james bond now works amazon. that's the retailers of video snapping up movie studio, m g m, and the deal was 8 and a half $1000000000.00. i'm daniel winter and you're watching the w business. thanks for joining us. russia's invasion of ukraine isn't just sending oil prices sky high and creating volatility on financial markets. it's also hitting global supply chains that could lead to significant price hikes for just about everything. these cargo pallets are headed for destinations in china. and here at germany's leading cargo airport in frankfort space is running out, for instance, for pharmaceutical goods or machine parts. before russia's invasion of ukraine, 20 cargo plains from russia were lending here every week. but now they are gone. and that's a total of 2000 tons of cargo that needs to be flown in and out. some prices for air freight have now quadrupled. and logistics expert,
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p mosh tor says that's just the beginning. the army over him in him. and we're also experiencing a big jump in energy prices, especially crude oil reaching record level. and that of course means that transportation costs become more expensive. toya. and that's something stephan. how my air is also seeing his logistics company has around 250 workers. it competes with global giants such as d, h l, video, hoyde fucking with even if i book freight today, it doesn't mean freight space becomes immediately available. a lot of shifting. it's sometimes a bit like a bizarre, where prices are negotiated and free spaces. renegotiated with the airlines on an ad hoc basis from day to day. often when i talk when talk to talk know founded the problem doesn't. then there trucking companies are also affected. many ukrainian drivers have joined the army, and that makes some european freight forwarder is unavailable. and routes between
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western europe and asia that go through russia cannot be used for transporting goods due to the war that through continent traditional extreme shipping costs direct, greenly high, often. and there's also very little capacity. we have content on top of that. there's the fact that no goods can be moved by the trans siberian railway line would kinda that's because it goes through russian territory to be feeling. bulk goods are set to become very expensive. the few freight planes that can transport goods without any restrictions are forced to go around russian aerospace, when they fly between asia and europe. saga miss amazing. the plains have to fly considerably longer routes openly and they need more fuel to do so. that means that the companies need to pay more in transportation cause it will pass on to their customers at the end,
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prices on supermarket shells will go up and it also means goods deliveries could become less reliable. right now. cooking oil and electronics from asia are no longer readily available in some supermarkets, empty shelves could increasingly become common in western europe. let's take a look at other stories making news today. the european union will increased harris on stainless steel products from indonesia, from indonesia and india, after an investigation found that they benefited from unfair subsidies, including some from china under its belt and road investment program. japanese chip maker renee says electronics is temporarily halted. production at 3 semiconductor plants has following a powerful earthquake in ne japan the company supplies chips to car companies around the world. they're already curbing output because of chip shortages. british
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p and o fairies has sparked outrage after sacking $800.00 staff with plans to replace them with cheaper agency workers. some refuse to leave their ships and protest and were forcibly removed pianos as it was a tough decision, but it would not be a viable business without the changes, the company lost almost a $120000000.00 euros last year. now amazon wants to deliver some movie magic to its customers. the e commerce giant has closed the deal for its $8500000000.00 acquisition of m g m. one of the oldest hollywood studios, and the owner of the james bond franchise. amazon will now get access to m gm's library with more than $4000.00 movies and $17000.00 episodes of tv content that will allow the tech giant to compete against streaming rivals, such as netflix and disney plus and jonas now as scott rock's brody w's culture reporter who's been looking into all of this forest, scott, what is amazon getting for it's money. well, i mean, you,
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you list of that there. i mean, the getting a lot of movies, more than 4000 titles. james bond films, of course, but also the rocky franchise. the pink panther movies and, and thousands and thousands of hours of television including hit series like fargo and hand made sale. but more importantly, i think for amazon is the underlying i p, the intellectual property that comes with those films and series the which gives amazon the ability to take those stories, those original stories and remake them repackage and spin them off into new series into new films. and so forth, that's a huge library of content that amazon can sort of mine over over the next decade, really for, for it's a video service. well, i don't ado amazon down here, but you don't often talk about amazon prime video in the same breath as disney plus and netflix. so how important is this acquisition fountain? well yeah, i mean, i'm totally, i think this is the 2nd largest acquisition amazon is ever done. but on, on, on,
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in terms of the money itself it's, it's, it's peanuts for amazon a point, 5000000000. the got a mark cap of something like 1.5 trillion. i mean, jeff bezos probably is 8500000000 and a sofa cushions at home. this is not a big deal for amazon when it comes to the money, but it really shows that they're serious about competing in the film space with disney, with netflix, i agree with most analysts who think that they overpaid for m g m. that wasn't worth a point 5000000000 by voting that sort of money on the table. amazon is saying we're, we want to make big movies. we want to be a real studio up till now. amazon's only really dabbled in the film industry they've made so small movies like manchester, by the sea of, with this kind of deal. buying a film studio, even the smallest film studio with m g m. they're really showing. they're willing to put their amazing financial power behind the film industry and try to compete toto with the likes of disney or, or netflix worldwide. now, this deal has been a while in the making. there's been all kinds of back and forth. will it get
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approval or not? is this deal finally 100 percent done and in the back? well, not a 100 percent of the f t. c. the regulatory body in the u. s. that can block these type of mergers had 30 days to either oppose it or block it. they didn't. that was a surprise to many because the ac d c head, alina khan, is a vocal opponent, or as a vocal critic, i should say, of, of amazon. and at the moment the, at the season, a weird position because it's board which as 5 members is, is sort of deadlock. it's got 2 democrats and to republicans and one a seat that hasn't been filled yet. and they've been trying to fill it since october. so to block or oppose this deal, they would need to have a majority vote on that board that can't yet yet happen. so, so far it looks like the deals going ahead theoretically, when that seats build, there could be an objection filed and they could try to block it after it's gone through. and i just think it might be a very challenging thing to do just because of, it's difficult to argue,
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i think at least that amazon acquiring m g m really changes the game in her. so it, us, i've worked 12 hours a day. my salary isn't enough. my friends are, i can going like this. isn't any really south america. second largest economy is an economic crisis with a bloated, bureaucracy, low productivity, and a mountain of debt. that is constantly growing. man, the merit will misty low. yes, i just want to live a half decent life. but how can that happen? if half my income goes to rent them baby share my lamp elsewhere though? that's why fabia wants to emigrate to northern spain, where he already has contact. wonderful, that was probably a little more me us, even though i have friends, their values and, and some of them are academics. i'm just a moment. they are doing much better. they're gone deep to los i am, he course in
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a few months. bob in wants to leave argentina, at least for some years. it is so much by life in argentina is stressing, masser, i want to leave it behind me. i long as if i'm still young and already for new things. they're eating less meat, roman many argentinians are frustrated. they can't see an end to the ongoing economic crisis. and you're up to date with d w business. if you want more, you can check out our website detail be dot com. you can also find us on youtube and facebook as well on daniel winter in berlin from me and the business team. thank you very much for watching, catching against oh, store. oh, volunteer fighter,
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i'm not to lee merced as an instructor in the senior show me. now he wants to use his skills again in your train, and he is not alone. many volunteers are gathering at the foolish order to fight for ukraine. focus on your next auntie to leave is the end of the pandemic in sight. we show what it could look like will return to normal and we visit those who are finding it difficult with successes and noon in our weekly coping 19 special with 19 special in 60 minutes on d, w. o m
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a. i think everything jenny fair, some are big a muslim, so much different culture between here and there. so challenge for everything. ah, to some of this i think it was worth it for me to come to germany. i shut my got my license to work as a swimming instructor here. dish and now i teach children and adults to swim just for what's your story. take part, share it on info, migrant, dot net. ah, ah ah, ah. hello and welcome to focus
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on europe. russia's war of aggression on ukraine means that for ukrainians, not a day or night goes by without heavy fighting, human, suffering, and indescribable destruction. the war is raging ever more fiercely, especially in the major cities of eastern ukraine, where russian troops are also attacking residential.

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