tv Business - News Deutsche Welle March 28, 2022 3:45pm-4:00pm CEST
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this is the to we business on robots in berlin. welcome to the program. now monday is the final call for russian airlines to hand back hundreds of commercial aircraft to the foreign owners. a sanctions mean that leasing companies have had to cancel their contracts to supply russian carriers with plains now least planes make up the majority of the western built commercial just used by russian airlines. there are more than $500.00 of them with a combined total of some $10000000000.00 a while these planes have been unable to fly outside of russia because of sanctions banning them from european s space. many are still flying domestic routes and less as are losing hope of actually getting them back. rushes, transportation ministers as the criminal will compensate owners for their aircraft, but that reportedly been no negotiation so far because any agreement with breach sanctions. well, let's get to the bottom of the story by speaking to aviation journalist, andreas spades. thanks for joining us on date of your business. by chance,
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if these letters got of actually getting these planes back, they're actually quite limited. the mobile isn't themes, an interesting b one has to know that just physically reclaiming the aircraft that doesn't really solve the whole problem. because if they stay on in russia for some time, know, or maybe headed over some period of time from now, they might be worthless. and the reason is that across maintenance records absolutely decides if for any aircraft is less or is don't know what has been done to the aircraft or the rest in russia. they're really worthless for the list goes off and take them back without documentation. that's a very major point to observe here. one of the things that the russian governments done to try and get around this is to recertify the jets or reregister them in russia. is that, is that something they can do? is that legal? yes, it is because bermuda, where for tax reasons,
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most of the western russia aircraft fleet had been registered so far actually dropped them from the register as part of the sanctions. so there was actually a need to re register them and but still experts called this the biggest fest in history be a bus on them even estimate that was of the $523.00 aircraft. we are talking about the moment up to $12000000000.00 us dollars. and so the sort of eslie unable to retrieve them, for example, for hopper, probably very soon anytime soon said might be really considered assessed. and why registering or britain this room? this is kind of a legal thing. the problem is also the sentence don't allow any maintenance lessons that can be taken off. yeah. so essentially the planes are going to be going to become unusable and they, if they can't be maintained. so it would appear that russia is heading for a shortage of aeroplanes. how do they get around that?
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i mean, of course they can fry them for sometimes domestic was a huge country with the big domestic market. it wasn't even penny doing fairly well before cobit, i've been like before, probably already with it within the pandemic. and even before the war started, the russian domestic route were quite well. so they could use it for sometimes a lot of cannibalize, some of the, after the 2nd rush to maintain others with the parts. but that would be my lation of international again manipulations. also, people really say there's upon a mental breach, this whole thing of the 194040 cow convention, which really is underlying or again since 9443, and how to territory here really is, isn't it? well, andrea stay, thanks for trying to guide us through that territory. thank you. out switzerland has long been a hub for trading russian raw materials, but the swiss recently set aside the usual neutrality to join the e u in sanctioning russia. however, with talk in european capitals of
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a ban on russian oil and gas expos, switzerland find itself in a tricky position. here and not even in neutral switzerland. there are regular demonstrations against the war, like here in geneva, at the headquarters of the united nations. the focus is on the oil and gas trade, which is still taking place and filling putin's war chest up to 80 percent of russia's raw materials are traded in switzerland. companies such as good war, mercury, russ, net, glen, core, and many others are switched based and continue doing business largely unchecked. as popped over the inked and exam on any trading really needs to be regulated. tons, parents, and there needs to be transparency when it comes to commodity traders payments to governments out especially to autocratic james on out to quality of his yema didn't, which then divert these funds into their own pockets the pocket,
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the funds or in the worst case leave finance wars with them while al keegan finance young, even though the swiss government is now fully complied with the you. sanctions, raw material trade via the alpine republic has continued. russian gas is being ordered delivered and paid for new cash for pu teens. war chest. only a complete energy embargo against russia would help indecent to soon. in this situation, we believe that an embargo on russian, oil and gas must be discussed internationally and supported by switzerland. it's happening. the other, the energy embargo against russia that these demonstrators are seeking, is possible. it would mean in future that switzerland has more control over its commodity trade and could avoid indirectly financing wars. next, a 9 day lockdown or shanghai due to
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a current of ours outbreak is already impacting the global economy. china is the largest in puerto crude oil in the world, but prices for the fossil fuel of slip to mit concerns that demand will fall after manufacturing was put on hold in shanghai. the price of crude oil dropped more than $5.00 a barrel. right. let's get more on this from craig and he's a senior market analyst at o under. thanks for joining us on the programming. why is this having such a global impacts this shut down in shanghai? well, i think you've already alluded to china is the largest import for crude oil. so anything that potentially impacts that is going to have an impact on the price, especially the times which tight supply at this moment in time. there is a real in balance between the amount of oil it's on the market and the amount of demand, the rates for the oil, which is why we're seeing prices are well above a $100.00 and something which creates more of a 2 way trade in that sense is obviously having an impact, i think,
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or more broadly speaking as well. we've also seen the impact that the shut down and china can have it all the reviews of the global economy. we've seen, for example, of supply chain options which are generated on the back of the many of these locked down which you should around the world. in particular with china and shanghai is so important to the country as well. such a busy economic zone that this is obviously, naturally leading to some temporary, at least the money imbalances. yes, no, going to help with their supply chain issues at all. is it but global oil prices that have been climbing recently? it's causing problems, getting bills to rise. so could it be argued that, you know, dropping demand from china is what the world needs i think, oh, i think in the short certainly that yes, especially as regards to these higher oil prices. and i think anything that sees the months that the drop around the world really is not just china, but around the world. i will alternately bring the price down and make things more affordable, especially the short term given the given the,
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the longer term issues that we now have at hand, depending on how the rest of this crate crisis in ukraine unfolds. but ultimately, there is a very short term solution, just talking about chinese them and because with the drop in chinese demand comes a drop in production and dropping production crates for the supply chain disruptions. so you kind of giving with one hand and taking with the other prices drop in terms of oil, but then the percentage rise in terms of the commodities and all the finished products that we buy around the world. as we, as we've seen over the last 18 months, ok, kregger them from orlando, thanks a lot for bringing us up to date on that. thank you. to some other news now, chinese tech giant huawei has reported its 1st annual revenue decline for 2021 and nearly 30 percent drop from the previous year. us sanctions against the company have hurt its ability to source important components like the semiconductors needed for its smart phones. and dutch brewing giant heineken has announced its pulling
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out of the russian market. it had already halted new investments and exports russia earlier this month. the heineken says it expects to take a 400000000 euro hit from exiting the country. now the german government says around a quarter of a 1000000 ukrainians have arrived in the country since the russians invaded many. if those seeking safety in germany have left their careers behind as well as their homes. but a new jobs exchange is helping to match up skilled ukrainians with companies. keen to take them on. natalia sport was driven out of her homeland by the war. her husband stayed and keep to fight. she doesn't want to complain about her situation . she wants to be a role model for her 2 sons. the online marketing expert is looking for work while she is here for finding a job there because when i a seat home, i only seen kick and bout ukraine. it is very difficult for me. it is very difficult for my children. i think when i go to the job, i can know
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a little a give me a stronger keith, the ukranian capital before the war. a booming tack metropolis with around 200000 software developers. the berlin based online retailer, otto doc, has its i t department here over 1000 employees, a video conference, the company got their people out of the crisis zones in november. many were set up in hotels along the border. why are ukrainian tech specialists in such demand? if you will loiter her formed all, could we find young people excellent, educated people, very hard working, very hungry to achieve something. and it's not just like that, keith, it's also in car, keith, which is now under fire. that's a city with lots of well educated people, the same goes for odessa was like the go for the so the company supports the online job exchange you a talents as do many other companies here. ukrainians who have fled to germany can
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find employment. there are 7000 open positions. ivan and nikita are behind the startup ukrainians who have been living in berlin for a long time in the long run if we can make a lot of ukrainians work for europe in companies. and a lot of them are going to come back because they want to leave the country, they want to live in the homes, and they want to support everybody around them. and they, they're gonna come back, they're going to bring those connections. and the integration is just going to have a naturally, they're going to bring the culture. they're going to brill bring the pros, this is the refugee crisis to day is different from 2015, many more refugees are expected, especially women and children. and unlike 7 years ago, adult ukrainians will soon get work permits elapse. so for me in the business team here in berlin from mo, from most you can course check us out on our website for a d, w dot com slash business. you can also find on the d to be in use youtube channel
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here's the term that everyone has heard by now. m r n a. but what exactly is it? the messenger for genetic information became famous. thanks to the coven. i t, maxine how does this technology work and what other diseases could m r n a be used to fight against tomorrow today in 90 minutes on d. w is the end of the pandemic in site. we show what it could look like will return to normal and we visit those who are finding it difficult with successes in our weekly coping 19 special every thursday con d w. what does war do to people
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are hatred and violence inherited from generation to generation and award winning documentary searches for answers for 2 years and the author accompanies a cell, a fist family in more than syria insights into the isolated world of radical islamists and into a spiral of violets without end, with a film about family. faith, masculinity of fathers. and sons starts april 6th o w ah ah
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ah, this is dw news life from berlin, german chancellor. all of it says russia will suffer for an invasion of ukraine. after talks with the swedish prime minister, charlotte said russia would pay the heaviest price of any country for its war and ukraine. he also voiced support for enlarging the you to prevent russian influence . also coming up in cranium and russian negotiators prepared to meet into he for the 1st in person peace talks.
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