at 10 years up, that is our, i'm rebecca, written rob watts will bring you some business headlines after a short break setting for them. with interest, the global economy, our portfolio d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. east this is wes,

given the head with the w business beyond happiness is for everyone. human penises are very different from primates. penises, we have a totally ridiculous romanticized view of nature. and david and this is climate change. pregnant sex who happiness in for you books, you'll get smarter for pre d w books on you to ah, the 1st test was made in germany after a string of bureaucratic setbacks, the law must latest giga factory has begun. delivering cars to customers will get the latest from the site near berlin, and another knock on effects of the war in ukraine. hey, how crude isn't the only kind of oil. it's getting harder to come by. the state it

business on rock walks in berlin, welcome to the program. it's sprung up in just 2 years. now. tesla's 1st european factory has delivered its 1st cost to customers. the berlin brandenburg giga factory could soon be producing off a 1000000 cars each year with the help of a new battery factory. the testers also building nearby now burning brandenburg is test this 4th car factory. the 1st in california began production in 2010. that was followed by a battery factory in the nevada desert and came testers, shanghai plant in 2019. and next is a new gig, a factory that's being built in austin, texas. but in the meantime, let's take a look at the day that ellen musk latest site went on like a car every 50 seconds. us electric car maker tesla wants to supply europe with its vehicles at record speed, proud owners at the wheel and they got their cars straight from company founder

elam musk, who was having a good time of the factory launch party chatting with customers and showing pesky drawn cameras away, re tesla will make sure that this is a, a, a gem, i, you know, it gemstone for the area for germany, for europe, and for the world. this is teslas, 3rd largest factory. 20 football fields could fit in the production area. it was built in just 2 years despite bureaucracy and protests by environmentalists concerned about the high water consumption. german chancellor olive sholtes attended the opening for him. this bodes well for germany as a place for doing business. these anti don. i naga lawyer, the decision to build a brand new factory in this country is the right decision and a sign of progress and the industries future. so gone for the industry. the new

factory means tesla can save on shipping costs for vehicles. and e, you import tariffs. the german state of brandenburg gets one of its biggest employers. $12000.00 workers will produce half a 1000000 vehicles a year. other companies have come to brandenburg since tesla announced its factory site. canadian firm rock tech is building, europe's largest lithium plant. nearby is scheduled for completion in 2 years. chemical giant b a. s f is building a catalog factory for electric cars. now this talk here of a new high tech car, making hub doubt auto valley and muddled on california's silicon valley. until his steven bears layer was at the factory. as the 1st maiden, germany, testers were handed to that new ernest as his take on the plants, important to the company which has the has built this factory here for the same reason that volkswagen, audi, or b m w build their factory over their factories overseas. they want to take

advantage of presence, that is a more efficient use of the investment that they put in this european market. and to this point, that has the models have been delivered here after being assembled in shanghai or in california for example. now they're going to roll right off of the factory band here. it's going to be $500000.00 a year. that's what they're shooting for when everything is running correctly. right now, things are still going to need to be built up to that direction. so it's gonna take a few months probably, at least before things really get going. and what does this mean for the current environments in the auto industry? well, volkswagen we know audi b, m w, a toyota, all these major companies are really focusing on electric right now. but tesla is still the leader and with this, this is another step forward for them to prove that there are not just a startup that they're not just focused on the u. s. are on china, but that they really have global ambitions. and now all eyes are going to be even more on them and how they fair in the european market. let us get more on this from our financial correspondent in new york, jens quarter ends,

which is at stephen that talking about the importance of presence for tesla. but is there a wider strategic importance to having a plan in the heart of your yeah, sure. i mean, you're definitely save quite a bit on transportation costs. i mean, last year, more than half of the vehicles were being built in a china. so now you have the production hop in germany and then on top of it probably next month, we will also see a delivery starting out of a new plant in austin, texas. so that is clearly part of a broader strategy and also investors on wall street. we're quite excited to stock off tesla were up by a good 8 percent here in the tuesday session for quite a move for just one trading day. you know, it's how invested feel. but how do corporation in the us view, germany as a place to invest their money well,

especially if you look at the car industry that is still strong in germany, that that's attract a lot of investment. that just last week we heard from for the u. s. car maker that they're going to put to another $1000000000.00 investment into production in germany. we also hear from tip makers, so that is also part of the broader car industry story that we will see some investment into, for example, putting $900000000000.00 into it, ship manufacturing as tight in mach to bark. and i guess it's no coincidence that also a lot of this money goes to the eastern part of germany. labor might be a bit cheaper there also land. so real estate might be less a problem than in other parts of germany. and then also if we think about the high degree of automation that we do see in today's industries, labor is not such a big factor as it used to be in the parts. but overall it is mainly there still

strong german, a car industry that does attract a lot of investments that it we, bas battery makers, chip makers, or car companies investing into germany itself. okay, and scott, a in new york. thank you very much. rang as your effect return to ukraine, now, my pharmacy last year, harvested around a 100000000 tons of grain of exported around the world. now because of russia's invasion, many fields lying fallow. however, there are brave farmers who are continuing their trade despite the heightened danger. ah, farmer said he, vann york helps with the birth of a calf if an animal that will need to be fed despite the war this farm west of keep his still operational, they have to take care of their animals for as long as they possibly can. who yakima watch life goes on?

calves are born. the laurel g. cows or milk of the military has their battles. for many farmers have their own. we must feed our soldiers and our ukrainian nation, please. good night too. and to ensure the supply of food. farmers are now allowed to continue working on their farms and don't have to fight in the war. mushroom use that thought only from now on people who work in the agricultural sector, such as veterinarians, people who are involved with the next planting, to see the army will not mobilize them or stand up with these people are exempt for 6 months. is lebron you wallet but one of the main problems for farmers is that they can't export most of their harvest as they usually do. that means no money coming in to sewing new crops. well, the numbers left there is almost 500 tons of green behind me. we have a lot of problems, se ports we need to export. our grain are closed. no transactions are taking place

in new york. we're not selling in rain, but we still have to invest to keep working with men. and we have a great lack of liquidity out that the machine will slow him, say, exports can only leave the country by truck or rail. now that's much more expensive and will probably be impossible soon. it's going to hit poorer countries in north africa and the middle east, especially hard food prices, are already skyrocketing world wide by the impact of ukraine's inability to export much of its fraud. she is already being felt in many countries in spain, households and food outlets or having to do without supplies that they normally take for granted. it's the other oil crisis, not sawing brent crude prices, but no cooking oil on supermarket shelves. this is before grabbing sunflower oil because they fear this kind of oil want reach spain. it's like the

fear felt oval toilet paper during the coffee pandemic table. and now with oil. this is something similar and i'm a little afraid they're not as well enough, but it's not similar. cooking oil prices are up in spain, especially for sunflower oil. one of the world's most popular vegetable oils. ukraine accounts for 40 percent of spain, sunflower oil needs, and supply is disrupted for the us, get us $0.80 a liter last year. and now it is 2 year old. 60 is increased more than 300 percent . and of course we're getting an alternative. isn't that simple? because different cooking oils have different flavors and that affects the taste of the food. but the gap will need filling. spain's national association of edible oil bottlers says this could be an opportunity for the country's own olive oil industry . gov yamazik is irritably that we are confident this might holds an opportunity

because we are likely to reach new customers in the market in which we already present and promote our product. so it's robert with i ga, ga. gov. also. spain produces more olive oil than it consumes the industry estimates more than $1500000.00 tons of olive oil, and it's by product olive promise oil will be needed to cover the shortfall of ukrainian imports. demand for olive oil is also expected to rise in other countries as they seek replacements for ukrainian and russian sunflower oil. oh, we got a reminder of our top story this hour. after 2 years of construction test, this 1st european factory just outside of berlin has delivered its 1st cause to customers. berlin, brandon, beg, giga factory, could see the building off a 1000000 vehicles per year. testers, also building a battery factory and as oh,

from me on the business name here, amberlynn, if you would like for us, you can of course, head over to our website. it's d to we dot com slash business. you can also find us on the data. we can use youtube channel, plenty more content that and also for on facebook as well as data we don't business the next time with new best fashion, a 1000000000 dollar business gross exploitation for the men and pollution for everyone. the chinese fashion giant shaking eclipse is anything like it before ever faster and ever cheaper, but it will cost the world so much more than money will be $3000.00

d, w, a ukraine gold wheat. but the war has halted. production. large swabs of land are no longer being foreign power. the shortage is impacting buyers and supplies to the world's poorest nations . the war in made in germany 60 minutes on d w a. ah hello guys. this is the 77 percent. the platform for africa. you to defeat issues and share ideas you know,

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