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tv   Business - News  Deutsche Welle  June 21, 2022 12:15pm-12:31pm CEST

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russian journalist meets the more a tossed. the editor of one of russia's last independent newspapers was awarded the prize in 2021. the buyer remained anonymous, were a tough asset. the proceeds will go directly to unicef in its efforts to help children displaced by the war in ukraine. that's all for now up next. chris cobar has the latest business news after the break. and don't forget, you can stay up to date on all the latest news on our website, dw, dot com. and of course follows on our social media accounts on pablo philadelphia, in berlin for me, the team here, thanks for watching. take care. people in trucks injured when trying to flee the city center more and more refugees are being turned away on the border. families play theory for the credit owners with people lean extreme around
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getting $200.00 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. w. made for mines. with ah, can nuclear power to solve the nuclear option with russia increasingly using its energy as a weapon against european countries? calls in germany are growing louder to keep the countries atomic reactors on the grid. also the program with many german consumers grappling with high gas and
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electricity prices, energy consultants are seeing record demand. and as bitcoin stabilizes after a massive cell on over the weekend, many are asking what's next? batter crypto comes i'm chris over welcome to the program. pressure on the e. u is increasing as russia slashing its natural gas of life. moscow has caught off all gas lows to 6 european countries. it has reduced supply to germany, which is europe's biggest economy by 40 percent german vice chancellor helmut hobbit was also the economy minister called on citizens to reduce their energy consumption. he said every kilowatt hour helps. his goal is to refill storage tanks before winter comes. currently, they are about 58 percent for the government also encourages utility companies to extend the use of coal fired power plants. right now germany has 70 such plants
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that run on hard and a leg night coal. another solution would be to extend the use of nuclear power. the country still has 3 nuclear power plants which are supposed to be shut down at the end of the year. and in this state, industry group now says they could remain on the grid to reduce the dependency on russian gas. mike, well, well the look there on the long run will be a contribution to the wolves energy equation that's still to be seen. there's a lot of innovation underway, and i'm really curious to see how new nuclear reactors, you technologies may change our energy mix in the future. short term, the contribution is limited. well, i mean, of course the german government is now heading for more production of electricity with coal. is this the right decision given how many emissions are carbon emissions? we'll see from corporate action of energy while it's definitely not a preference, but frankly, of the only alternative that we currently have to substitute out russian gas. and
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that the russian gas supply is fragile to call it the best. we see that every day. so the, the only short term alternative else to burn more coal and pull that forwards on an, on the total salo for, for the earth. it will not make a difference whether we do it now or later on. or it's not that we like it, but it is the only open alternative that we have. well, obviously natural gas is no longer being used for energy production of at least for the time being. i'm other industries also rely on a natural gas for, you know, creating the products, especially the chemical industry. is there enough to go around? well, german industry? well, that's the reason why we should save whatever can be saved in order to keep the machines running to kim production processes running even over the course of the next winter, where germany or middle europe will depend on gas supply from russia,
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with all its uncertainties. one year later, we'll have more energy terminals, a better supply for a liquefied natural gas. so it is a short term measure where we need to boost, pull all strings in order to get our reserves for the next winter up and filled. well, what is it exactly what i see from the government, of course, has been a lot of discussions about what to be done. what is there that industry expects the german government to do now? while the most recent decisions go checkley along the lines. what we have argued, so stop using gas for producing electricity rather step on the, on the coal alternative. ah, we appreciate the market mechanism on how to help companies to substitute gas and support that financially from the government rather than supporting failing companies thereafter when it's too late. so this mechanism that says, well, the market may decide what is the most effective liver to,
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to say of gas. and we support that financially as a truly smart solution, which we applaud per much thank you. thank you for joining us. of the t w's. she found that below reporting there it is not only companies that are mindful of their energy costs, consumers are as well. that's why energy consultants and craftsman are seeing a record demand. actual teens gas heating system is getting old. so he'd like to replace it. he wants to do without fossil fuels, especially after russia's invasion of ukraine. different song supplies from fossil fuels are in jeopardy of we saw it and want to respond in a timely manner. so our operations are secure against the hotel operator, get some help from energy consultants. stephanie bytes. she's been rushing from appointment to appointment more and more property owners are looking for alternatives due to rising natural gas and oil prices. luckily, she has
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a solution in florida of packing from a technical point of view, i would rely on a heat pump here. but this heat pump has to be supported by a small gas boiler to generate the high flow temperatures and numerous times. good boy, that's organization. completely cutting out gas won't work here, but the teens feel they are well prepared next to their home. they run a hotel. a solar panel system has been installed on the roof and supplies the electricity on the kaufman life. our costs remain stable and if our costs are stable, we can keep the prices for our customer stable. and i see this as security for the future to configure at so coffee shop. those ready to update their heating systems at the moment need to be patient. master craftsman, daniel, so a beer is installing your heat pump near the northeastern germantown of christ, small business. he's been struggling to keep up as order. serge divided,
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tired of waiting period for an offer to installation, used to be 4 to 6 weeks. but now it takes 6 months or longer. want to make matters worse. there's a lack of skilled workers. the panoramic production stoppages and supply disruptions have made it harder to do business. important components are stuck in asia. this is, of course we're more behind schedule than we would like to be that has to do with the equipment not being here. and we simply have to wait until it arrives. but we'll still manage this year, hong kong on to the instance on a shuffling. the teens have made progress with their planning, their eco friendly heat pump will cost around $70000.00 euros. but they'll get state subsidies worth about 20000 euros. it's still not a bargain, but they've almost achieve their goal of cutting out gas. well, for the most part, when it comes to generating solar power,
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spain sounds like an ideal location. most regions in the country see over 3000 hours of sunshine per year. still for year solar wasn't a big thing in spain. only a change in government 4 years ago energize the idea, which now a med searching prices seems to be really taking off. canet a holiday destination near valencia. solar panel. technician victor low, yanez visiting his customer domingo escalade o the inspecting the freshly installed solar panels on escal lana's roof. he can't way to put the system to the test. his power costs have tripled in the last year and all of the other though, the shower in my power bills are shooting through the roof. yeah, it wasn't a big deal earlier, but now we're feeling the pinch. robert, if you can produce your own power, he was and only have to pay a little to the power company. then that's 2 reasons to celebrate it. almost as ris, dollar and the electric on 2 people in spain are just discovering solar power
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advantages to mingo escalade. or allowed his neighbors to use this rule for community power installation. that means they can spread the costs around, and that's allowed them to install a battery system as well. meaning the power keeps flowing even after the sun has gone down. the new demand is proving a challenge for the branch their toil mach, i was, i live on, the market can barely keep up with. the problem now is that we don't have enough raw materials. i there are just too many people looking to buy solar panels for personal use at the hospital. for years you'd have been hard pressed to find solar panels here. but they're becoming a common site on valencia's roofs, and a helping keep power costs down. and decentralized power production is being embraced all around spain. which a hint that if you guess was our, of a lot of people think their savings is better used on their roofs instead of in the
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bank. so they are installing sol ourselves. last year we increase solar production by 100 percent. you must use that other 1.2 gigawatts of production capacity was installed for personal use. when will in canet, the 1st electric police cars already on the roads powered by energy produce on the roof, off the local swimming pool. up until now, all of these projects have been financed with money supplied by the regional government. but now the branch expects a major boost for valencia and all of spain. as european union 8 starts to flow. that is some of the other global business stories making news. the german economy will only grow by one and a half percent this year. the federation of german businesses, german industry says the previous estimate had been $43.00, and a half percent slow down is caused by supply bottlenecks. analysts say that despite full order books, a lack of micro chips and raw materials will affect production for some time. the
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biggest rail strike in 3 decades brings britain to stand still around $40000.00 members of the rail, maritime and transport union or m t have walked out. strikes are also planned for thursday and saturday, and a dispute overpaying jobs. they're likely to cause travel misery for millions. air bas wants to build more wide body transportation airplanes for military and civil use. your largest aircraft manufacturer said it wants to fill the gap as the world's largest plane. the and ton of to 25 can no longer be produced in training manufacturing side and the plain have both been targets of russian attacks crypt occurrences of had a dismal weekend in the meantime. the most popular among them bitcoin is trading above $20000.00. again, but as it has lost 2 thirds of his values since october, investors are concerned. halley but i him go, sir, has spent
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a lot of time on his computer in recent years, watching the markets buying selling. and he made some good money with crypto top not us lay, i mean 150000 in cash. not everyone can withdraw their money from the top point. and i'm one of those who can, i was only able to save around 65000 was there is one of millions of crypto investors who got a bruising as bitcoin and other currencies dropped 70 percent with the market shrinking from 3 trillion dollars to just under $900000000000.00, many investors are angry, most lost confidence in the entire crypto system go, sarah didn't portal and they get it so that if the states regulate the stock markets and control the coin holders, the owners of the exchange, none of this will happen to us again was in the past, there were many crypto lenders that have made massive profit by speculating against the markets upon. and it's still possible to let
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a lot more regulation for the trip to market. it could make investing safer, raining in the risk, but likely the reward as well. that's i shall, thanks for watching. and if you're celebrating your birthday today, like i am, enjoy and suitable ah, a joy ride through fascinating worlds. into uncharted depths, our guides know their way around with a strictly scientific trip to some pretty wacky places.
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