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tv   Business - News  Deutsche Welle  March 21, 2022 10:15pm-10:30pm CET

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actor of the book involves foundation speaking to d, w earlier. you're watching dw news. here are the headlines. russian shelling has destroyed a shopping center in a residential area of keep killing at least 8 people in the besieged eastern port. city of mary pulled, refuse to surrender. after russia issued and all to made up watching d w, as my colleague rob watts is coming up next. all the latest business news, i magic lab. awesome. thanks for being with people and trucks injured when trying to flee the city center. more and more refugees are being turned away as the border families play on the tax in syria to these credit owners with people lean extreme getting $200.00 people from the agency around the world. more than
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300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind to w. made for mines. ah, ah, no russian cause accuses matter of extremism. a judge in moscow has banned the web giant's hugely popular platforms. facebook and instagram, as russia moved to silence dissenting voices, ending its reliance on russian fossil fuel is germany, is striking, deals to sources and gas from elsewhere, get some analysis and deadly knock on effects of war. searching wheat prices are making food staples unaffordable in africa. data we business,
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i'm of was in berlin. welcome to the program. and we began in russia where a court has banned facebook and instagram prosecutors in moscow, and accused parent company matter of extremist activities, saying it was allowing rousseau phobia on its platforms, facebook and instagram. we're already blocked in russia after the countries media regulator said they were being used to call for violence against russian soldiers. the new court ruling also prevents matter from opening officers and doing business in russia. however, the judge said that whatsapp, which is also in by matter can still be accessed because it isn't used to post public statements. let's get more on this from our financial correspondent in new york yen quarter. yes, thanks for joining us. just tell us yes. why? russian prosecutors particularly targeting matters peers well, i mean, the whole thing has been boiling for quite some time. i mean, they had,
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for example, been some claims that made a platform. so the mother company of the facebook had blocked access to russian and media outlets. and then as you're already mentioned, so that facebook or a meta actually allowed some posts to call for violence against the russian soldiers, some facebook or actually had an answer to that, to him saying that it actually relaxed some rules so that let me see here against violence speech only for people inside you were crane and only directed at a russian and military in that country. so now this ruling that we've seen here on monday. yes. so it's been all sorts of western companies reacting to the russian invasion of ukraine. but how i'm think you're a us tech firms approaching what's been happening that well, i mean, it's
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a pretty mix. i mean, some us tech companies want to avoid that in russia, you might to create information evacuation. so some services like what the, for example, you tube are and also some apple apps and still on. but we have mother tech companies, for example, some of the big chip makers. so qualcomm or intel, for instance, they definitely stopped an export to russia. and that could hurt the tech industry in the country. so overall, the tech companies, so a lot of the tech companies are doing what hundreds of other companies are also doing that they're a pretty much pulling away from russia. there is one little concern, so that russia to get there was sign up, for example, it could tried to replace the us technology, but that actually going to take quite some time. if we talk about conductors,
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for instance, it's going to take years to really build your own effect with, let's say, in russia. and so that's probably pretty hurtful to the russian economy. ok, i'm quarter new york. thanks to stand across that for us. now germany's hunt for alternatives to russian fossil fuels is begun in earnest. economic minister robert havoc is on the 2nd leg of a trip to the persian gulf having already inc. the gas supply dia with cutter. but the german government is attempting a balancing act between securing enough oil and gas and keeping its climate promise . germany is doing all it can to wean itself of russian energy supplies. the country's economy minister, robert hobbit a green party. politicians said operate countries should increase oil production on a trip to the u. 8. e m. mister andrews. no, i did not talk about oil except for opec and disrespect we called for the
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production volume to be increased in such a way that people in the world can pay for this oil. as long as we needed to rebrand is at the time kern, a german green minister, calling for more oral at a decent price. that's because russia accounts for more than half of germany's energy imports and berlin needs new partners on sunday habit was in kata where berlin sealed a long term gas supply partnership with the country. and now he is keen to emphasize the german government is also investing in cleaner energy. berlin signed 5 corporation deals with a u. h. yeah, low 100 off on the rule about producing green hydrogen, intensifying research, developing the technology, and then bring it to germany. it's not available yet enough, but transport technology development use in vic that can start already knows we have no time to lugs. the 2 countries want to create a hydrogen value chain between the u. a. he and germany. the hope is that hydrogen
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could help germany accelerate efforts to the carbon ice meliss get more in this strong to bondage embellish, brought us our report. thanks for joining us in the studio to fund just a little bit more about these. these deals that germany struck with the u. a x as a handful of them as, as, as 5 deals as specifically. and of course on those deals are really about research development like the m, germany, economy minister, robot havoc said there. and one of the more interesting ones is the one of which includes lufthansa and siemens or energy and an hour and a mirror, etc. company called mazda, and they're supposed to work on an aviation fuel, would be a synthetic fuel using hydrogen, which is what all those deals are about. so it's really about getting hydrogen, which is, you know, carbon neutral, depending on how it's produced right now. it is produced in a way that it still releases emissions, but it, they weigh less than what we have in fossil fuels and looking to get one of those
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deals. of course, for the aviation fuel that is synthetic and would help you know, create pretty much carbon free flying. i'll make it possible. but none of that is happening right now. and of course, we're looking at a pipeline of, you know, projects that would take 10 to 15 years, the delivery of the hydrogen. we'll take at least the 1st one will arrive this year in germany. so we have to build up the technology for it. and it's going to get you maybe at the end of the year or something like that. and of course then the other stuff will come in the years to come, including a project with a phone, whole science issue as well. scientific research institute in germany, stroking deals with the categories with you a series of, well, it's not without its controversy, right? so how's this going down here in germany? well, i mean about how the economy minutes that was asked about the deals and asked about countries specifically because of course, cut there has received a lot of criticism for treatment of migrant workers. and, you know, he points to the fact that we're talking about, you know, working with russia,
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which of course is very terry and regime. but it's also more with a european country. and of course, we're also looking at those countries which are not democratic. but beyond that war with the european countries obviously is a choice between he probably didn't put it that way, but the lesser of 2 evils. and what his pretty much looking into and yeah i choice, but the one that had to be made. ok on the invalid. thanks a lot for stand across that or is brings that report. so now ukraine and russia have been called europe's bread basket because they are made supplies of grain. but war has cut off those supplies and sent wheat prices. searching we're bought now from nairobi where the cost of bread is doubled to a price. if you can afford japan tv, john wil ciocca makes this week. peter bread every morning in the nairobi. slum of con gay me, it's a typical breakfast here, but the bakery was recently forced to double its prices. value i'm,
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it will go out. that's why our customers are disappearing. dumble, they laziness his bad guys. he amended, we're not earning enough money. when his boss runs the bakery with 4 employees. prices for flower and sunflower oil. we're already going up. but now he says it's much worse due to russia's war against ukraine. international prices for wheat flour have jumped dramatically enough. what did you learn? what did you were paying attention to the war? because we need to know what's going on. and that would be that some of the products we use come from both countries and, and everyone, the whole world is concerned. now you hope and it's likely the poorest that would be hardest hit kenny's poor already have to spend half of their already low income on food. here around a 3rd of imported wheat comes from russia or ukraine. and people are worried that
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has global supply, shrink. prices will continue to rise. and that will make putting food on the table much harder in many developing countries. you full price goes up then that kind of going to be string flesh on. and then of course, ultimately you expect that there's gonna be some effect on they generally ignore economic activities. ah, because people are trying to cut back or you don't have enough, but guessing power complicating matters. here's a drought that is causing many to go hungry. millions already depend on assistance . if food starts to get scares, it becomes too expensive. it could lead to a catastrophe throughout the region. 276000000 people in the world who are in hunger crisis as we speak. and this is before the current crisis before the war and you current yes, anything to help making sure their food commodities with central basic food
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commodities, reach millions of people around the world and it can't be too expensive. in nairobi, the price of wheaton oil has eaten into the baker's profit margin. if prices keep rising, it could soon put them out of business. i looks like britain's royal mint is getting into the alchemy. business is building the world's 1st recycling factory to turn useless old electronics into gold. by recovering the precious metal discounted circuit boards, the aim is to process up to 90 tons of electronic weights every week. any high quality goals will be used to make up by that used by the men even to make bars and coins. before we go remind of our top story this, our russian court has banned facebook and instagram, accusing parent company meta extremist activities. prosecutors said the u. s. internet giant allowed russo phobia on its platforms. some things matter has
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previously tonight. and so for me, in the business team here in berlin from all from us, do you head over to our website, t to we dot com slash business? you can also see his out on the d to we use youtube channel and we are both in place because well passed d to we don't miss nice until next time. nothing . and then you turn it over has completely gone. it's most important to model last, we test it as a plugin. hi. this is how the new generation, a
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joy ride through fascinating morals, into uncharted deb our guides and know their way around in a strictly scientific trip to some pretty wacky places. curiosity is required to morrow today in 60 minutes on d, w ah, hello guys. this is the 77 percent the platform for africa. you'd be beat issues and share ideas you know, or this channel. we are not afraid to happen. delicate, because population is growing.
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and young people clearly have the solution. the future belongs to you is 77 percent every weekend on d w here, but i'm, you know, i'm, i go by one hour. yeah. but they maria and i go home about that. i mean, what boy, you may have been get out, you know, you, i got you. i got bought. oh i got you. i got a little. c we are living during the most extraordinary time in history.

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