his onslaught in other parts of ukraine. shade too. now for all the latest business headlines. i'm michael. oh, who in berlin? really appreciate your watch, ruth . ah.

ah, what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites with d. w. world heritage. 360 get the act now ah . as putin's war in ukraine continues, the knock on effects 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, debt and stagnant wages increasing the pressure of some to leave better

opportunities elsewhere. also coming up, james bond now works for amazon. that's is the retailers video of snaps up movie studio and g m. the deal was 8 and a half $1000000000.00. i'm daniel winter and you're watching d. w business. thanks for joining us. rushes invasion of ukraine is 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 rushes, 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 t most tor says, that's just the beginning. we ha melvin m m m m. we're also experiencing a big jump in energy prices, especially crude oil reaching record levels. and that of course means that transportation costs, it's become more expensive to really shatoya. and that's something stefan out meyer is also seeing his logistics company has around $250.00 workers. it competes with global giant such as d h l, that he has a 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 frank spaces renegotiated with the airlines on an ad hoc basis from day to day. often when i talk from 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 western europe and asia that go through russia cannot be used for transporting goods due to the war that took on the traditional extra 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 ms. moving this planes have to fly considerably longer roots over there and they need more fuel to do. so. that means that the companies need to pay more in

transportation cause it would then pass on to their customers at the end, 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 increase terrace 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 call companies around the world. they're already curbing output because of chip shortages. british

p and o fairies has sparked outrage after sacking $800.00 staff with plans to replace them a 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 genius. 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, you list of that there. i mean, the getting a lot of movies or the 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 video service. why don't i do 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 amazon? so yeah, i mean, i'm totally,

i think this is the 2nd largest acquisition amazon is ever done. but on, on, on, 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. amazons 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 dale has been a while in the making. there's been all kinds of back and forth. will it get

approval or not? is this deal finally 100 percent done and in the back not 100 percent of the f t. c. the regulatory bought 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 lean, a con is a vocal opponent or as a vocal critic, i should say of, of amazon. i'm at the moment. this is a weird position because it's board which has 5 members is, is sort of deadlock. it's got 2 democrats and 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. i just think it might be a very challenging thing to do, just because it's difficult to argue. i think at least that amazon acquiring m g m

really changes the game in the film industry. i mean, we saw a few years ago, a much, much bigger deal. when disney swallowed a fox studios, which was where simplex and $71000000000.00. that bill wasn't blocked and a went through. and this deal of the m g m deal with amazon is a much smaller one, but we'll see this isn't quite finally a done deal yet. right. well, la, we'll have looked behind the big sofa cushions there at amazon and see what we can find. i guess it must be pretty big sofas scott rocks for thank you very much for your analysis on that. that was very insightful. thank you. argentina is still struggling under its massive debts and rising prices. one of the clearest symptoms is in the price of food. for some the situation is so bad considering leaving the country mathias ebert has this report. oh, pardon, tenens, are increasingly paying more for vegetables at the markets. and when the sayers

prices are rising every day last year, the inflation rate was at a staggering 50 percent. no more than oh wait is hardly risen in years. but food is becoming more expensive every day. hub in simple of eta is also concerned. he works in a factory, but can barely scrape a living on his income. or though so it us, i work 12 hours a day. my salary isn't enough, my guns or i can go on like this. non i certainly really south america. second largest economy is in 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 big share my lamp elsewhere though?

that's why fabia wants to emigrate to northern spain, where he already has contact me for that i will probably, i live in where mios vivian though i have friends, their values and, and some of them are academics, jerusalem. they are doing much better there on the to los i am, he course in a few months. bob in wants to leave argentina, at least for some years. it is so much the life in argentina is stressing me answer . i want to leave it behind me. i learn, i'm still young and already for new things. what i said, he will call what 3 eyes market traders are also feeling the pain. while the country is known as the land of kado, argentinians are eating less, meet him there. people stop by on me. look at and go on without buying anything. they're eating less, meet the moment. many argentinians are frustrated. they can 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 on our website. it'll 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 is the end of the pandemic in site. we show what it could look like. return to an in the normal. and we visit those who are finding it difficult with successes in our weekly coven 19, especially over $910.00 special. next on d,

w. to the point of strong opinions, clear positions, international perspectives, rushes army is pressing its attack on k of and other ukrainian cities showing targets that include civilian buildings to fund the tactics, looked familiar like a page from russia's playbook in syria, just put in for total devastation to the point in the 60 minutes on d w, ah, with did in wide wing extremist, i suggested again, well, maybe a couple of late and burned in south africa. people with disabilities more likely to lose their jobs. in the pandemic black lives matter, po, shine a spotlight on racially motivated police violence,

same sex marriage is being legalized in more and more countries. discrimination and inequality are part of everyday life. for many, we ask why? because life is diversity. to make up your own mind. mm. d. w. need for mines. oh, welcome to the coven 19 special report. during the corona virus pandemic, many have gone the extra mile to help others, health care workers, scientists, and ordinary people. he looked to for roof, where lots of children have lost their parents to coven 19, and need assistance. and to south africa where researchers discovered the omicron variant but 1st to india, according to official.