tv Business - News Deutsche Welle March 26, 2022 2:15am-2:31am CET
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campaign and ukraine has been largely completed and that moscow would increasingly focus it's effort, an eastern ukraine. it's all for me for now, but thursday with us, because after the break, rob watts will have the latest from the business world for you. i'll have more headlines for you at the top of the hour from me and the entire team here and for land. thank you so much for your company with fur. i'm skin that i think that's hard. and in the end they send me, you're not locked up to you anymore. we will send you back. are you familiar with this with the smudges with lions, joseph, what's your story? ready ready he wasn't, i was women, especially a victims of vine and seen
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a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information ah, the u. s. promises mold gases for europe extra time because of l n. g, is that to cross the atlantic this year to help the you reduce is dependent on russian energy. meanwhile, india faces criticism for buying up russian oil spurns by the west will look at how ties between moscow a deli revolving this is date of your business on robots. and by welcome to the
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program. the u. s. has agreed to rapidly boost shipments of liquefied natural gas to the european union this year as part of efforts to win the u. off russian energy announcement came during president, jo biden's visit to europe. the u. s. will sent 15000000000 cubic meters of l n. g . this year, on top of the 22000000000 cubic meters, it ships to european terminals last year. you hopes to replace 2 thirds of russian gas imports. by year end, germany for its part says its plans, the ditch russian energy are progressing. it expects to import only 30 percent of its gas from russia this year compared to him is twice that before the invasion of ukraine. germany says it wants to shift its energies of supply towards inputs from more like minded countries. after the invasion began, german finance minister chris john ledner said that germany needs trading partners that share similar values. he was proposing that that be
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a wider trade deal with the u. s. but only transacting with countries that share your values drastically reduces your options. of course, a new survey suggest that for the 1st time since 2004, there are more countries in the world that are autocratic, done democratic now among the autocratic countries. awesome. germany's main trading partners, china, turkey, saudi arabia, and indeed russia and replacing russia means turning to other countries. is politics that always align with germany set for germany's economy minister. energy has been high on the agenda as berlin tries to win the country of russian energy. that's good, i'm it. we're now counting on becoming independent from russian gas. with few exceptions. by summer 2024 already chron. germany has turned to cutter. one of the world's leading producers of liquefied natural gas, or ellen gee,
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it could help germany wean itself of russian energy. but the gulf country has a tainted human rights record, including the exploitation of migrant workers. the discrimination of women, and restrictions on freedom of expression. but germany is desperate for new trade partners. so should it still put human rights more at the forefront of its trade relations? but even though the doors against the background of german history, it's a very important topic is that among everybody should think about this when buying products that are constitution, says human dignity is inviolable. that also cancer, other countries from which we purchase products, linda gaten will be a product of with different teeth as a definitely, i think, especially with globalization which is increasing. we can't avoid the topic if i missed him on this. malcom your distinguish warned as, as yeah, i think it's important, but it's difficult. israel is when it's off by them. we can see that with how backs
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visit to the u. e. and the gulf states like choosing between the lesser of 2 evils . visor from heston quote of over the sargon berlin as being pragmatic, securing germany's energy supply is a major priority. and right now, that means finding alternatives to russian energy for india has been reluctant to criticize russia and its invasion of ukraine, while that has angered western allies like the europe. experts say that india's position reflects historical economic ties between self and russia. in the defense industry and increasingly the oil industry. india is the world's leading buyer of arms until last year it accounted for 11 percent of total global arms imports. according to the stock home international peace research institute slippery, it's biggest supplier was russia. between 20172021. it accounted for
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46 percent of indian arms imports. and in the previous 5 year period, russia accounted for more than 2 thirds of indian arms imports. india has been trying to reduce its dependence on russian arms and diversify suppliers. they get a bargain um on that quote, maybe hey, if you look at other countries that us in europe, bronx, britain, japan, the only dependent on the u. s. for their security. india is not dependent on the u . s. word security. india is certainly likes u. s. wanted to call support, but at the end of the day, they depend on itself. so it is self interest, which is driving a new policy. i don't think any ideology drives of george. she says moscow also supported india's foreign policy in the region before and after the co lapse of the soviet union. but that's not the only reason. self interest may be behind and you
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daily's choice to remain neutral on russia's war in ukraine. india in ports, 80 percent of its oil needs. and rising oil prices have already led to protests to, while other countries spurned russian oil. india is buying it so far. it has bought at least 13000000 barrels, according to bloomberg news. and without that, many takers of russian oil, india may very well benefit from lower prices. the war in ukraine is still something of a global split between those countries. still willing to cooperate, cooperate of with russia and those who are not on wall street. there's even talk of the end of globalization. let's get more on that from our correspondent at the new york stock exchange, yann's quarter young's. is there a feeling among investors that the war in you, kurt crane, is causing a major shift a rob,
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indeed term. there is this growing sense so that we might be seeing here the beginning of the end of globalization, at least as we knew it in the past 20 years. larry think, for example, the head off for black rock, the biggest asset manager on the planet made remarks that ray and others some actually followed them in. so there is talk that we might see the formation of blocks who do a business with in m h m. other good. clearly, we saw that a tendency, even before the war in ukraine. m started specially driven by the pandemic. we had and still have those huge, a supply chain issues and that actually is a, bring in companies and countries to the idea to actually m a have production closer at home. so the talk is that companies do not follow any longer, either model or, or to adjust them. i'm sorry, i have to, um, yeah,
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but i just saw this is that, yes, i know this is the end of globalization as it's been phrasing. what would actually mean for, for economies around what yeah, well, i mean, on the plus side, if you want to put it that way, if you're bringing production closer to home or actually bring it back to your own country. so that could create the jobs on the other side you, there was also reason to start the off shoring, especially to bring production to cheaper countries with lower of ages, for instance. so a near term what you're might see on storing or near storing that, those inflationary tendencies, that we can actually speed up. so prices tend to cost probably would increase. and then also, if you do not do business as we were used to all over the globe that could also be elect on innovation. those definitely could be too negative. if we
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do see the enter to globalization as we knew it. since the foreboding is watching over me and go to new york. thank you. now let's have a look at some of the business stories making news around the world. the yo has agreed on a landmark law to regulate tech firms. the digital market fax would force android devices to alternatives to google searches, require apple to accept other forms of payment among other provisions. fines could reach as much as 10 percent of the company's global sales law entered effect. next year. russia is mulling using the world's biggest crypto currency bitcoin in exchange for natural resource sales. vladimir putin recently declared gas payments from western nations must be made in rubles, although most contract palm has rejected the demand including fran on friday. and the war in ukraine is weighing heavily on the minds of german business leaders. the
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closely watch e f o business climate index, which measures industry confidence sell more than expected from february, march manufacturing store and especially big office energy prices. search supply chains became ever less secure. the warranty crane has driven an estimate, a 3700000 people out of the country, many who left on now devoting themselves to helping those who stayed behind is the story of 2 farmers from germany who were doing just that ought to do to go with them, which will evolve him, none to show it is a german farmer on has been ukraine. you actual, your more frequent thought. he, in his business partner, spent a decade in the country growing wheat and corn before leaving due to the war. now back in germany, there organizing aid convoys with the help of ukrainian friends the donations come from ordinary germans the bones investment of where we are in western ukraine. the supply situation is pretty good. there's food. what we're bringing to ukraine now is going through friends and contacts into the war torn areas. their conditions are
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catastrophic. if kevin, mario polar encircled nobody, nothing there. so are people are driving straight into key, avoid the fall victim. do you like knock you of the 2 farmers have left their machines and fields behind, as well as their local workers via the internet. they keep in touch with their 10 employees and ukraine. a few are at the front. others are trying to keep the farm going. this is video from last year's harvest. it was a good one. ah, the farm turned a profit. whether they'll even have a harvest this year. however, it is unsure the course of hogs of your on the, the question is whether we'll be able to get enough diesel fuel. if it was open in the system, it looks bad right now as we run out in the coming days to an hour. and of course, we need to be able to plant the some as crops and keep tending to the winter was in a mini mallet. if we get
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a minimal amount of diesel with concentrate on what we've already cultivated and tried to bring in that harvest on to do it to billing as soon as it's safe to the to farmers plan to return to ukraine themselves. that's all for me in the business team here in berlin from awful us you had to our web site either we dot com slash business. you can also check us out on the d that we can use youtube channel to next time. take care of yourself with to the point. strong opinions, clear positions. international perspective, a u. s. president who originally wanted to take care of the home front, travels to europe, looking to shore up the united front, with e u. n. nato allies biden versus pu team. can us stop the war and ukraine to the point with dw
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journies of dispatch, with natalia and demo they were ruled when the rule broke out. now they want to return to ukraine to their children. with maria and her grandchildren from odessa it difficult to escape by foot and teach hiking ukrainians. please. putin troops to an uncertain future close up in 60 minutes on d. w. oh, hello guys. this is the 77 percent. the platform for africa. you to debate issues and share ideas you know, or this channel. we are not afraid to happen. delicate because population is growing
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fast. and young people clearly have the solutions. the future has 77 percent. every weekend on d w, the war in ukraine has triggered a seismic shift in politics with far reaching international repercussions. german economics minister, robert ha, back, whose mission was to help germany go green heads to the middle east seeking new sources of fossil fuels. a u. s. president who wanted to take care of the home front, travels to europe, looking to shore up a united front with you when nato allies can either deliver results that helped stem the conflict and its effects. we're asking biden versus put in. can the u. s.
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