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tv   Business - News  Deutsche Welle  May 18, 2022 12:15pm-12:30pm CEST

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on file and says, ah, and that's it from me and the venue, steve steven beardsley, has the business news coming up next. i'm gabelle for us in elaine banks. ah, nico is in germany to learn german. hello, benito. why not learn with him online, on your mobile and free chef fee w e learning course? eco's fake ah
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ah ah. could gas infrastructure in ukraine playing even larger role in russia's war? there rushes already bombarding ukrainian pipelines while preserving its own lines, transferring through the country to europe. even that supply is coming under pressure also on the show bio me, thing could be part of the solution to europe's energy was what some countries are moving faster than others. and north korea faces a wave of cobra. 19 infections. what will it mean for lives and livelihoods already
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on the brink, walking to the show. i'm sitting here in berlin. it's good to have you with us, with a war and ukraine is also war on infrastructure, including gas and oil pipelines, serving the country. ukraine has already been forced to cut gas service from hundreds of thousands of households. russia has, however, spared its own transit pipelines. that is the system for delivering it's gas to europe. but could those pipelines be coming into play? what 2 major transit pipelines cross ukraine to europe. so use, and brotherhood. a gas volumes through them are through both of them are now becoming a bit harder to pin down due to the war. and the so use pipeline runs through the loo hans region in eastern ukraine, which is now occupied by russian forces. ukraine announced last week that it would suspend gas transit at one of the pipelines hubs to stop service to that occupied area. on that stoppage effects at most one 3rd of the gas supplied to europe flowing via ukraine. but russian gas also flows from other directions. europe only
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gets about 30 percent of its total gas via transit and ukraine. and there are workarounds available for more or less. let's go to our correspond it in keith. funny fashion. a funny. do we have any more clarity on exactly why there was this stoppage at this point in the pipeline that is going through ukraine. so the picture to ukraine is quite clear. they say they are unable to control that very important transit pipeline because as you just pointed out, it runs through the loo hahn screeching which is part of the dumbass region heavily and battled ukrainian russian forces. they are fighting over every village, every road. basically, every bridge trying to decide this fight for either side to control and why this is going on. keep says, we're going to cut off the ag natural gas supply that runs from russia through aloe hans and basically supplies european households with gas. now that's been stopped
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last week. it really sent shock waves across so many i stakeholders in europe because not, not many of them have diversified yet, or have even begun diversifying, especially countries in southern eastern europe, a mostly affected while this is ongoing. however, there's another transit pie, a plan of food up the north, which doesn't go through the lawns region, and in fact, ukraine told russia just use that more. that frenzy plot pipeline. and mush yet through sad. technically that's nearly impossible. but in the course of the time, we also seeing that more volumes are coming through that 2nd, a transit pop line up north. however, the bottom line here, as you see, that this war is not just raging on a with regard to territories, but it's also war on commodities and how to put each other under pressure ukraine, russia, and russia, russia on the i. on the other hand, european consumers, and speaking of russia, putting pressure on ukraine in users, they're both for gas and for oil. it's been a challenge as russia targets more basic infrastructure. at same time,
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more people are returning to keep in other parts of western ukraine potentially using and needing those supplies. give us a, give us an outlook on what the economic situation there is for people who are trying to, to consume these things. for example, is quite difficult in a very practical level. if you are in need of gasoline and mighty much she was looking for day yesterday to get gasoline. so we can go from a to b. now are people are returning to places for example, i butcher, which is a close to keith city. that's been heavily embattled, just more than a month ago. they are only one gasoline station remains open and if you got gas is probably about 10 litters per car. so obviously black markets have sprung up to fill that gap, but a dazzling remains a huge challenge, right now, resources, bead gasoline or natural gas to help rebuild the parts of ukraine from way rush and forces have redrawn. already debris correspond funny fashion and key. thank you very much. european countries may not want to see
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a sudden start to russian gas deliveries. they do want to, in natural gas imports as soon as possible. that means finding alternatives. the u . s. pushing for an optic in bio methane production, it's chemically equivalent to russia. natural gas. the countries are taking different approaches with different results. take a look. the worry over high fuel prices is laughable to horses either. he fills up with green fuel bio me thing to be exact, which is chemically comparable to russia, natural gas, or either there's no gas. iow gas drivers are happy because they can drive extremely cheaply. they're not driving at half the price, but a 3rd of the price of those who use petrol or diesel. he produces bio methane, a kind of renewable natural gas for $23.00 petrol stations, and northern germany at his bio gas plant. and he runs everything with an app. he's
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invested in this plant to turn corn and manure into energy. he's also looking to use organic industrial waste. you as a lee bio gas plant operators, want to use new materials and to do so we need permits. that takes 3 years, it's unacceptable. if we streamline the process would have 80 terror, what i was generated from waste, with current capacity that would replace 40 percent of the russian gas we currently use from wilson was. but bio gas plant operators must adhere to strict regulations . they're not allowed to use any organic waste from restaurants. supermarkets, coffee rosters or grain mills and environmental activists criticize them for taking up too much land to harvest energy crops for bio gas on the lights. yes, we already dedicate too much surface area to energy crops and to keep expanding it . that's already 6 percent of germany's national territory. it makes absolutely no sense. does not matter is bob cousin,
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large scale corn farming is especially controversial. the war in ukraine has put global food supplies at risk, using huge corn fields to create bio gas instead of food as seen as out of touch with the current circumstances. in neighboring denmark, it's deep pocketed energy companies who operate bio gas plants, bio me. thing is pump directly into a nation wide pipeline network, thereby replacing natural gas imports. farmers sell their organic waste, such as slurry and manure to bio gas producers and earn money doing so. in contrast with germany, the centralized bio gas plants produced by o me thing more economically. dozens of types of organic industrial waste are used and far fewer energy crops, such as corn the potential of making 4 times as much as we do today today. by about 25 percent of the things guess consumption. so make that 4
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times more to 100 percent so we can support all need forecasts and, and mark there's just too much red tape. according to german bio gas producers saying it holds them back from making a contribution towards germany's independence from russia gas over asia. now, for over 2 years, north korea has seemingly sat out the crown of ours pandemic. not registering a single case. or there might be because of the countries isolated position or it might just not be true at all as official borton's from pyongyang are not considered especially reliable. regardless over the past few days, north korea has reported over 9000 cases. and that raises questions of how the pandemic might impact the country. according to military analysts and south korea, these pictures show work at a nuclear test site in north korea, seen with 3 recent missile tests and the military parade. just a few weeks ago. the country is putting on a defy and show of strength only behind the scenes
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a different picture. all came john own, still wearing a face mask for the 1st time ever admitting that his country too, has been hit with a corona virus. at least 6 people have died that he and that taking a page out of china's playbook, north korea has moved towards locked downs to keep the health risk at bay. the economic cost to the country is unknown. oh, rather says she, new to cobit food shortages and economic crisis, my deteriorate in north korea, in order to prevent that they are conducting food rationing measures. so north korea and a very severe quarantine measures to prevent a mass outbreak of confirmed corbett cases thought was just got on your thought for now. north korean state tv shows empty streets or typical scenes for are locked down. so in south korea reports that north korean farmers was seen on their fields across the border, a sign that the agricultural sector might be exempt to prevent on worsening of the
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country's economic situation. she was last correspond frank smith, if there was any way to assess the economic hardship now facing on korea, take listen, this difficult to know what's going on inside north korea. they have admitted to having something like 1700000 cases. those that are symptomatic, showing a fever, but many of the cases would be an symptomatic. and that information doesn't line up with what they're saying in terms of casualties. so far. just 62 deaths. there have been concerns about north korea's response in terms of locked downs. they have said that they're going to lockdown isolate portions of the population, those that have appeared symptomatic. and these locks downs, especially if they spread across people that are not symptomatic in an attempt to avoid the spread of the virus in north korea, will have a serious effect in terms of economic repercussions on
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a family unit basis in health care professionals and human rights advocates worry that north korea won't balance the economic hardships that people may experience through locked downs with the pandemic in the effects of the pandemic itself. if we remember, north korea was the 1st country really to seal it's border back in january 2020. when the pandemic hit the world that had very serious economic consequences inside north korea, shortages of medical supplies, and even daily necessities. the situation now on that and might be alleviated a little bit as the border with china is opening. but still, there are these concerns about the economic hardships that people may feel as a result of the government's response to the pandemic. and the pandemic itself
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correspond frank smith there in sol. let's go now to some of the other global business stories making headlines. british inflation surged with highest annual rate since 19 to last month. as consumer prices rose by 9 percent with soaring energy bills, the biggest inflation driver. that's according to the office for national statistics. britain now has the highest inflation rate of europe's 5 largest economies. wal mart has reported a drop of profit in profit of 25 percent last quarter. the world's biggest supermarket chain says the rising costs of fuel and labor in the u. s. significantly added to its overall costs. it shares fell nearly 11 percent on the news. and finally, christie is set to auction off 5 pairs of sneakers worn by michael jordan, along with a card of the basketball legend expects the items to fetch at least $4000000.00 a number of items 6 is apparently no coincidence. but a reference to the 6 in b, a championships. jordan led the chicago bulls to in the 9th ninety's. all the sneakers were warned, warned by george during those games. but it's actually the cart that is expected to
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fetch the highest amount. late 23 copies released get it 23, his number. and the one going out of the hammer has the basketball grace signature . right? that's it for me and the dw business team, thanks for watching with fearing the ocean. portugal is terrified at the high atlantic times with the water is, are flooding, stretches of its coast. villages are at risk of disappearing out of the residents. feel powerless. give us how to stop to see coastal crisis in portugal. tucson on dw,
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ah, what people have to say matters to us. mm hm. that's why we listen to their stories. reporter every weekend on d. w. o, the atlantic coast of portugal, a natural wonder, almost 900 kilometers long. ah, the portuguese in the sea have long been connected with another, but his relationship is in danger. the coast is crumbling away and to see his own ready swallowed uphold the rows of houses.

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