tv Business - News Deutsche Welle April 6, 2022 12:15pm-12:31pm CEST
12:15 pm
will continue to help evacuate and try to find a home for all of their 4 legged refugees. and as it is from you, the news seem for now don't go way critical, but we'll be here with the business news in just a moment. and members, you can always get all the latest news on background on our website, d, w dot com. i'm gather as in berlin. thanks. josh, or i'm skin that. i think that's hard and in the end is a me, you, i'm not a lot as to you anymore. we will send you back. are you familiar with this? with the smudges were lions as of the what's your story. ready i mean, want ma'am, as women especially and victims of violence in a lot of them take part and send us your story. we are trying always to understand
12:16 pm
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 mm . ah. off limits no more for the 1st time since it's attack on ukraine that you wants to sanction russia's lucrative energy sector. also the ship 26000000 people on lockdown. look at the latest on how people in shanghai are coping with china's drastic response to a spike in corona virus infections. i'm chris kolber brought him to the program for the 1st time since it's invasion of ukraine. the ear is targeting rushes, lucrative energy sector. the european commission has proposed
12:17 pm
a new sanctions package with an import ban on russian coal and the center of europe . about half as it's thermal, colson mercia, which it uses to generate electricity and fuel power stations. because of the blocks heavy dependence on russian energy deliveries you leaders had been hesitant to include the sector in previous rounds of sections. russia's invasion of ukraine is showing ripple effects around the globe, and as the war keeps pushing prices for commodities like oil and wheat, the asian development bank has trimmed as forecast for the region. and the fall out of the ukraine war isn't the only thing, but has the ab be concert. first, the pandemic. then the war in ukraine, asian markets are reeling from the effects of both catastrophes. according to the asian development bank, economic growth will be smaller than expected. the philippines bass lender is
12:18 pm
worried about the impact this will have on the prices of commodities, which are certain to trickle down to consumers and have lasting effects. if sanctions are, are increased and are effective in really preventing russia from selling it's oil and gas. then back clearly would lead to a even greater spike in oil prices. the highly transmissible on the con variant is making it difficult for some of asia strongest economies to recover. an extended lockdown of china's manufacturing center, shanghai, and spike in covey deaths in hong kong is making this close to impossible. if the buyers were to spread to many chinese cities and the government maintain a very strict 0 color odyssey clearly could be very disruptive to economic activity in china,
12:19 pm
which would emanate throughout the region and an expectation that the u. s. federal reserve will raise interest rates also has some investors worried. these circumstances have led the adp to trim growth forecasts 420212022. only one thing is certain in this global economy. a projection is merely that here the proposed ban on russian coal in ports to the e u r. let's put these plans into perspective with gary sack one who's a senior feller at the european thing tech. brutal where is working on energy and climate policy. welcome to the w. what is this an actual lever to apply more pressure on moscow or more of a symbolic move? we don't shy away from targeted from targeting rushes most lucrative business anymore. for now, it is more of
12:20 pm
a symbolic terms, bullock exercise and showing that we are now breaking a to and going for energy sanctions that will not have massive implications as such. so even if we are entirely stock buying russian, call it in europe union. that boils down to the you and about $20000000.00 euros per day, which is less than 10 percent of what the pay a day the for oil or what the pay daily for a rush, i guess. so it's a rather small amount that is currently being targeted here. so when we say the e u gets around 50 percent of its coal from russia. that sounds a lot, but actually it is not how important is the commodity to the block of 1st of all, it's not 50 percent of our coal, it's 50 percent of our inputs. so europe is still producing in countries like poland, significant amount of coal itself. and there is also leak 9,
12:21 pm
which is entirely produced into europe in union. and then you have to see the global market, which is very tangible to the quick market. so if essentially no more impulse friendships with coil come from russia, then coal ships will come from countries, nice columbia, south africa was trailing indonesia. and that will be relatively simple to, to use disco or to replace russian calling europe in market. just think a few years back the rest and she has an input to the tune of 20 percent. so this market can really create the rebalance and, and change to supply us. could russia find other buyers then if there is other suppliers to europe? so india, for example, hasn't shown any hesitant to do business with moscow, even him at the horrifying pictures coming out of ukraine. that's exactly the flip side of this availability of additional call to the european market. that is also
12:22 pm
means there might be bio for russian call on the global market. so that's why i said it beginning. i counted more as a 1st step in energy sanction as a more symbolic move saying we don't shy away from energy sanctions anymore. but the real implications of call the import stop from europe for russia will be very limited as movie the implications on european consumption. k r tech, one of the brutal institute. thank you for your insights. i looked at china now 26000000 people confined to their homes and no end in sight. following a public uproar, shanghai officials have now allowed parents to stay with children infected with coven 19. but the full lockdown would started in parts of china's largest city 10 days ago has been extended images almost identical to the beginning of the
12:23 pm
pandemic. 2 years ago, shanghai st. residents have been ordered to stay at home on li supermarkets and pharmacies are still open for this fish processing factory. the financial tool is catastrophic. according to its supply records, fish was delivered and processed on march 22nd. since then, production lines have stood still well on 10th hooker rounds. oh, on that 2 weeks ago, revenue was just 50000 you on which wasn't even enough to pay my staff for guns ever got from 50000. you on about 7500 euro's that turn over is now 0. is state on bank has issued the factory a low interest loan with 450000 euros. it's manager hopes it'll be enough to keep the company afloat during the locked down. so i had no access to cash because of the outbreak and then suddenly this loan provides a lifeline and ching, lighter houses. no one knows how long the lockdown will last. even with very low
12:24 pm
case numbers. chinese authorities impose curfews mass testing and seal of entire cities the case now in shanghai. state media reporting that these measures could reduce new infections to 0 within 2 weeks. this is also the hope of the owners of shattered companies in stow us, who all fear for their businesses. let's get more of this from dw sold, sung han entire paid. so 26000000 people on lock down. how are they reacting? proposed frustration is growing. and is shocking to see residents of different beauties chanting slogans like lift, there's restriction or give us food. all we will die from hunger. we also see small rioters trying to rush out to get health care, food, and other life necessities. many more people took to chinese social media to share their stories. in some extreme cases,
12:25 pm
threats or self harm or violence were report it. it's really tough for the government to handle because not just the general public, but the medical staff, police officers, middle level, or senior officials, are disgusted by the total locked down. people just cannot stand it any more. and so with an entire city population confined to their homes. does this mean nobody is out working? yes and no, no one is out, but people are still working. in fact, before the total locked down from march 30th employees are many forms already set up tents in their offices or they were put into food and housing in the factory mote with blank or with bunk beds in the factory and showers in the toilets after the total lockdown, the government sent drones to warn anyone who leaves any beauty. so for most industries, working from home is an option or they have to implement close to loop production with employees living, working and traveling only between 2 points within the factory area. so they are
12:26 pm
not out but working it. so let's try to look at the bigger picture here. economists are predicting this lockdown will cost shanghai a more than $3.00 and a half percentage points in economic growth this year. what is it likely to mean for china's economy as a whole? shanghai is the largest and most popular city in china. it contributes the most to its g, d, p, along with beijing gonzo and sent in. there are reports saying that if somehow is closed for 2 weeks, the impact on china's g d p for that month would be about 2 percent. if it's close for one month, that loss is roughly 4 percent. china is likely to struggle reaching its growth target of 4 by point 5 percent this year. it will seriously undermined the confidence of foreign investors and discouraged many potential investors. and many foreign companies in some high will have to consider the risk of a repeated disruptions or restrictions in the logistics supply chain and choose to
12:27 pm
downsize or even relocate. and with the economic toll of it's 0 covert strategy. mounting is china likely to stick to this palms? yes, one reason commentary piece on the official newspaper explains the logic behind it . china 0, call this strategy compare with the idea of co is this thing with the virus is on the surface. a battle of ideas, strategies, but in essence it is a battle of systems national power governance capacity and even civilization to the beijing authority. this damage shows that the chinese communist party leadership sees health prevention and academic prevention of the battle with the west. chinese president sheeting, he wants to use it as a tool to realize his personal achievement at all at all cost. he w correspondent, so sung her entire page. so thank you and less than 2 weeks before you,
12:28 pm
sir. italy's ferrero is recalling kinder chocolate eggs and 7 european countries over possible links to cell. manila, dozens of infections have been detected in several parts of europe and the u. k. although they are not proven to stem from the toy filled treats, in fact the health agency did not mention pharaoh or any other company, but warned that the report reported cases were mostly among children under 10 years old, many of whom had consumed the chalk and his reminder of our top story at the sour, for the 1st time since russia's invasion of ukraine, the european commission looks at directly hitting the country's all important energy sector, with a new port band on russian coal, and option long an option long off the table. as of much of your energy depends on such that's a show for knob for more checkout website at d,
12:29 pm
w dot com slash business for d. w. news on the to to channel. i'm chris kolber and berlin. thanks for watching. have yourself a success with i want my life news escape from my home in 2014 vineyards with the army occupied it to my home town. i lost my home for the 2nd time this month. seem to you because the russian army, i take to, oh, you great. close up next on d w. a thought they were great able to go
12:30 pm
with well, he's what it so he says the utopia. what it's all thought bad almost even if there's no rage all way. you want me. that doesn't mean there's piece yet. but spectrum purity. oh, you have to clog it yesterday. i escaped from the wall. so ordinate to dam safe. a young man, but i don't believe.
39 Views
Uploaded by TV Archive on
