tv Business - News Deutsche Welle March 23, 2022 7:15am-7:31am CET
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to take the capital ah, to put you up to date on all the news this our business news is up next i benefits will and thanks for watching. and i'll see you next down. ah, why subscribe to d w books? you meet your favorite writers in china, i to see myself as the kids die in the strange grown up world. did you booked on you to look closely? listen, carefully. don't know how you miss to be a girl. ah,
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feel the magic discover the world around you. subscribe to d w documentary on youtube. ah, the 1st test is 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 the length and another knock on effect of the war in ukraine. hey, how crude isn't the only kind of oil. it's getting harder to come by. the state of your business walks in berlin,
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welcome to the program. it 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 seem to producing off a 1000000 cars each year with the help of a new battery factory. but as there's also a building near by now, but in brandenburg is test was 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 up. next is a new giga 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 online. 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,
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elan mosque, who was having a good time of the factory launch party chatting with customers and showing pesky drone cameras away, a re tesla will make sure that this is a, a, a gem or a 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 in german chancellor, all of 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 industry's future took on the industry. the new factory means tesla can save on shipping costs for vehicles and e,
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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 it 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, dumped auto valley and muddled on california. silicon valley. latino is steven bears. leah was at the factory as the 1st made in jam 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,
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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 gonna be $500000.00 a year. that's what the 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 environment in the auto industry? well, volkswagen we know audi b, m w, a toys, 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 start up, 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. yes,
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we just had 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 definitely save quite a bit on transportation costs. i mean, last year, more than half of the vehicles over 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 aid present here in the tuesday session for quite a move for just one trading day. you know, it's how invested feel, but how do corporations in the us view, germany as a place to invest their money well,
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especially if you look at the car industry that is still strong in germany, that that's attract a lot of investments that just last week we heard from ford, 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 maker. so that is also part of the broader car industry and story that we will see some investment into, for example, putting $900000000000.00 into it, ship manufacturing aside 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 the industries labor is not such a big factor as it used to be in the parts. but overall it is mainly there still
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strong german car industry that attract a lot of investments that we, bas battery makers, chip makers, or car companies investing into germany itself. okay, and scotia in new york. thank you very much. rang his your, that return to ukraine. now, my farmers last year harvested around a $100000000.00 tons of grain of exported around the world. the 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 keith is still operational. they have to take care of their animals for as long as they possibly can. who yakima watch life goes on?
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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, their thought only from now on people who work in the agricultural sector, such as veterinarians, people who are involved with the next planting uses, 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 look, there is almost 500 tons of green behind me. we have a lot of problems, se ports really to export. our grain are closed,
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no transactions are taking place in new york minus selling and 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 worldwide by the impact of ukraine's inability to export. much of its front use 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
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fear felt oval toilet paper during the coffee pandemic table. and now with oil, this is something similar. i'm a little afraid there was a selena, 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 those can 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 they'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
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because we are likely to reach new customers in the market in which we already present and promote our product. so it's an incredibly legwork arbosso's. 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 soon be building half a 1000000 vehicles per year. tester is also building a battery factory and as oh,
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from me on the business team here in berlin, if you would like from us, you can of course, head over to our website at d to we dot com slash business. you can also find us on the d to we and use youtube channel, plenty more content that and also for on facebook as well as p to we don't business . the next time with the war in ukraine with president volunteered zalinski in an in depth interview clement, there's a little issue to watch, a show like a sham on national devout. my last shift with chemo, bleach them. when they got to william, ordered the interview with ukrainian president, the lindsey on
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d. w. a war shaking euro to its core. over 3 weeks ago, russian taint rumbled over ukrainian soil. we've been there from the start witnessing the invasion meeting, the risky that he's reporting on a war unfolding. the struggle for ukraine close up in 60 minutes on d. w. o o . people and trucks injured when trying to flee the city center and more refugees are being turned away at the board. families flane's bomb attacks in syria. these critical illness, we know against them is traitor. people fleeing screened around her off again. 200
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people has sunk in the gmc around the world. more than 300000000 people are seeking refuge. we ask why? because no one should have to flee. to make up your own mind. d. w. for mines. oh mister frizzle, thank you so much for taking your time and talking exclusively to the public broadcasters across the whole europe, and the whole world. and this extraordinary time. my name is angelina cook. i kina and i'm from the ukrainian public broadcaster. thank you very much for taking the time to talk to us to the world's public broadcasters at this incredibly difficult time, walmack away of single month miss out visit.
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