tv Business - News Deutsche Welle March 23, 2022 11:15am-11:31am CET
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said nato would not police the no fly zone over ukraine, because it could not risk direct confrontation with russia. shell said ukrainian refugees were welcome in germany. coming up next, cranes, farmers are struggling to bring their products to market and that the war that's coming up on dw business in just a few minutes. stay tuned in these places in europe for smashing in the records stepped into a bold adventure. it's the treasure map. for modern globetrotters, discover some of you to record breaking sites on your back too. and now also in book form a lot of issue when i arrived here, i slept with 6 people in a room, 9th and it was harsh. fear. i even got white hair is
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learning the german language, hit me a lot. this kid to me and quit. they'll blush trinity to interact with you want to know their story, migrants verifying and reliable information for migrants. a ukrainian farmers under fire. they keep their country fed despite the russian invasion, but getting that through to market is becoming more difficult. we'll ask one of them how they're managing. also coming up, crisis deepens, i've china's ever grant and the entire chinese economy could feel the impact will go to taipei for the latest on the world's most indebted property developer. and chelsea, delaney and berlin, welcome to the show. ukrainian farmers remain hard at work as rest as war, rages, honor, and then that's crucial as ukraine as a major supplier of grains,
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cooking oils and other food items to the rest of the world, the booth producing food and getting it to the rest of the world. is becoming increasingly difficult for ukraine. some farmers fear it will soon be impossible. 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 is still operational. 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. 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 bad is almost 500 tons of green behind me. we have a lot of problems as he poured serenely to export,
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our grain are closed. no transactions are taking place in new york. we're not selling any rain, but we still have to invest to keep working with men there. and we have a great lack of liquidity that the machine will slow and 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. crowman flashed in as the director general of ukrainian aggregate, the agra of business club association. he joins us from central ukraine. thank you so much for being here. so could you just give us a sense of what the situation is like on the ground right now for farmers in ukraine? hello. so for farmers of course, it's a difficult time as well, because especially for those who are on the occupied territories right now,
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or where the actual battles are going on. they are not able to do the job properly to do the filled works and also to take care of animals out of. busy goals, goals, and pigs and chickens, you know, so every animal should get some feed, got at least twice a day. yeah. and milton, milton, cows, if you do not milk out there is, are, of those health issues and animals, sir, will surely relate or just die. you know, so that's a very big issue for the lives of pharmacy in those areas which are occupied for those will still on the, in the western part and, and central part of your brain. they are busy with day and providing food for full army and but also for the teachers which are in blockade which need the food.
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so they give for pre some part or they stock which they have or production which day which they have so mailed for free and other stuff. you know this one born to another boy and that they are busy was re basil machinery and was military machinery as well. you probably also already seen some videos and where you bring your farmers was directors just how they are military machinery to they are our houses. yeah. and also many of them are they to weapons in their arms and went to defend the country. so that's basically the situation most the farmers, they hope to still see that the they are fields and roughly we assess that at least 70 percent of the area,
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which usually it was seed in the spring will be seated these this year. i would take yeah, well just given that ukraine is such a major export of food to the rest of the world. what are the risks you're? we've heard some from the you went from the you warning, global famine. do you think that is a major concern? yes, that's a big concern because last year, last year we had to harvest of more than $80000000.00 tons of grains and out of debt $8000000.00. we intended to support 60000000 tons. so we are pretty big player on the global trade of grains where our number 44 we'd to number 4 for core and for bodily number 3 in the world compared to other countries. and so that's basically like 50 percent of the global trade.
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now our seaports blocked fully so rather than shooting into mentioned vessels, there will be 3 or 4 mentioned specials for in mentioned in our keyboard. and we can export only why a railway and trucks through the western water. so but we limit that was that roots and we can export like 15 to 20 percent of what was exported before as months as before and they did the stop of the war. we usually exported $5000000.00 tons per months. i was a possibility to export. why right away? we have like 600000 pounds. probably 1000000 don't but not book at the moment and issue for the global drain, i think for sure. and of course our farmers because they have stops and can sell
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the grain to, to buy the inputs, which they need to, to have, like seats and so on and fast. and unfortunately we're out of time. so we're gonna have to leave that there. thanks so much for joining us. thank you. ukraine's agricultural loser, also being salt here in europe, one of the most popular cooking oil, sunflower oil has all but disappeared from supermarket shelves. it's the other oil crisis, not soaring. brent crude prices, but no cooking oil on supermarket shelves. this grabbing sunflower oil because they fear this kind of oil won't reach spain. it's like the fear felt oval toilet paper during the covered pandemic table. and now with oil. this is something similar level of essay. they're not necessarily enough, but it's not similar. cooking oil prices are up in spain,
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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 realtor last year and now it is to euro 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 an honorable dellagorzo's to spain produces more olive oil than it consumes. the industry estimates more than
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$1500000.00 tons of olive oil, and it's by product olive pumice 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, and other news. the u. s. has dropped import tariffs from those british steel at the continues to unwind trump era duties. the u. k. will now have a duty free import quota of 500000 tons of the metal and return london will drop retaliatory tariffs on us with the ann motorcycle. european commission is reportedly weighing capping gas prices and among other measures to stop rising energy costs. the price of natural gas has increased dramatically since russia invaded ukraine, and there are growing fears about the stability of europe's energy supplies and
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battle. chinese real estate developer ever grants. financial crisis continues to deepen. the company on tuesday revealed that lenders have seized $2000000000.00 worth of deposits from one of its subsidiaries ever grant. also that it won't be able to file it's 2021 annual results on time trading in the company. shares have been halted since monday chinese real estate developers are having a fire sale to bring some desperately needed liquidity back to their balance sheets . that's according to chinese media and at the forefront is ever grant the property developer with the highest mountain of debt worldwide. ever grand is over $300000000000.00 in the red. and it's not the only chinese real estate developers singing in debt. china for to lend development vanka kaiser, she mo fantasia holdings. the list is long. investor worries are growing about china's property market. and economists warn if evergreen goes down,
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it could take other companies with it and that could cause the chinese people to lose their faith in real estate as an investment product. until now, private investors have put up to 3 quarters of their savings and apartments and houses and that's responsible for around a 3rd of china's current g, d p. which is why economists say if the sector falters, it could some china into a recession. earlier i asked our type here correspondence, some had so whatever kinds debt problems mean for china's economy, chanover grant is the most indebted ruin their development in china with debt equivalent to more than $300000000000.00. as of june 2021. the fact is that hidden debt is upon in the chinese rule as that industry off balance sheet debts that were not previously disclosed to investors or credit rating companies,
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such as guarantees for wealth management products or a private laws have caught investors off guard. it shows that mil in china's rule, asked a sector expanded to the limit as the to the next 2 major crisis, our debt and bubble cleaning. so we could see this crisis spreading to other top real estate companies and leaving their huge debt to this to the state. can the chinese government stop the crisis? where firs are still arguing at the chinese government? well, save evergreen. if you remember last year, the chinese communist party set up 3 red deadlines for financing the rule as their sector. since then, the ccp has been preparing for the bankruptcy of companies like ever grant the authorities to we're asking local governments to prepare for the possible class of our grant group. as long as the crisis does not impact china's financial stability for the chinese government. it's a good opportunity to lead, stay, aunt, and price,
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as a cry ever grants, good assets at a favourable price. there's news that other holdings have been asked to purchase evergreen's assets, so rather they're stopping the crisis. many predict the chinese government will use the crisis to achieve its goal to hand to anti pay. thanks so much. a sasha. thanks for watching lou. a war shaking your out of to its core. over 3 weeks ago, russian tapes rumbled over ukrainian soil. we've been there from the start witnessing the invasion meeting the ref. he that he's go reporting on a war unfolding. the struggle for ukraine close up next on d w
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b. we've got some hot tips for your bucket list. ah romantic corner tread hotspot for food. chair and some great cultural memorials to boot d w. travel off we go. oh, it's february 24th 2022. russian forces cross the border into ukraine. they're following orders from president vladimir putin who people he about packing up, trying to leave a war unfold that may bundle mentally alter the global geopolitical order. will have shorts. the gem chancellor calls they scooted war. he says that bloodshed must top european states or for.
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