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tv   Business - News  Deutsche Welle  June 23, 2022 4:45pm-5:01pm CEST

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also coming up the ukraine war and a delicate discussion on expansion. talked our correspondent on how india aims to position itself that the virtual gathering of bricks, nation. and we'll go to rhonda where germany's by on tech begins construction of a factory for cove in 1900 jobs, but many are asking themselves why only now i'm chris kolber. welcome to the program. germany isn't a gas crisis. vice chancellor and economy minister robert hobbins today as russia is dwindling supplies, germany declared phase 2 of its 3 stage emergency gas plan. now this alarm stage, planned for by the government, sees a high risk of long term supply shortages of gas economy. mr. hubig, speaking on the topic earlier today, he put phase 2 into effect, which does allow utility companies to pass on high gas prices to customers with the goal of forcing down demand for gas.
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that's good morning. this from our political correspondent hands brand to hands. this sounds like a serious situation. is it? yes it is. i think for the economist minutes, as i say, the gas is becoming a scarce come out. the model is a fairly drastic phrase. and for the government to raise an alarm and official alarm, the focus at the moment is on saving as much gas as possible now to get it into storage so that there might may be enough available for the winter for heating in winter later this year. so it's not a single yet that the market is no longer functioning. in fact, the emphasis is that there is gas available on the market, but obviously with russian gas becoming much less available all over europe. the everybody is looking towards new supplies towards alternative supplies, and that's been raising prices. at the same time, there are incentives that have been announced to help companies,
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especially industrial uses of gas to save gas. there is an auction measure mechanism that is going to be put in place and in a short so shortly where companies that manage to save gas can auction that gas off to other uses, presumably mostly to me put into storage and b to be compensated. and that way for the savings that they implement. so it's an, it's an attempt to raise the alarm to tell industrial uses, but also households that has really serious that one needs to look at saving gas wherever possible at the moment, shortly, please, if you would, when will prices for customers of utilities actually rise because they're not, they're not passing on these higher prices as of now, do they?
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well, i mean, some of the prices have already risen, but what's possible after this alarm says in this alarm phase, is that the supplies, given the possibility of cancelling existing contracts and passing on immediately the prices that are being demanded on the market. in other words, if you have a contract that gives you a kind of price guarantee, those price guarantees would no longer be valid. but that is a step that the government is not taking at the moment. it's the next possible, drastic step. but at the moment, it's not something that is the director envisioned in the near future. w political correspondent hands branton. thank you. china is hosting the 14th summit of bricks, countries in beijing. virtually that is, it is meant to produce a layout for a new era of global development as the host put it, but it will also focus on other items, russia, as war and ukraine, for example, and the ongoing pandemic. now,
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bricks is an acronym for the 5 major emerging global economies, namely brazil, russia, india, china, and south africa. these 5 countries are home to 3200000000 people, and that is 40 percent. their economies account for almost a quarter of the world's g d p. opening the meeting, china's leader teaching ping had this to say. this is also sher human history, like a river will keep moving forward with moments of both calm waters and huge waves. despite changes in an evolving global environment, the historical trend of openness and development will not reverse course. and our shared desire to meet challenges together through corporation will remain as strong as ever that talk more about the bricks summit and the role india is playing where the charo carter care are correspondent in delhi, a charo. what is india's main objective at this meeting?
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which is dominated, obviously by the war and ukraine and it's ramifications. well, christian does formal response to the summit. and in the us participation there has been very standard. it's been focused on the themes that india has been talking, not talking about ever since. bricks came up and that is essentially a reform of the multi lateral order in favor of developing countries. and so even, even this time around, the formal response has centered around this team only. but we do know that for the last couple of years, india has been involved in this effort to give out a message to the western block, as well as of its partners in bricks that in india is, is looking at partnerships across the world to further it's its own interest, so it's it's, it's been trying to sort of balance interests of various groups. so at one on,
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on one handed participate in breaks and the on the other handed participates in the quad as well. so just a couple of weeks ago in the above dissipated in the quad summit. so and sooner on on, on very close on the heels of the quote some it comes breaks. so it's sort of a messy gee to balance or border blocks. chris, let's see on the issue of ukraine here for a 2nd. amid a barrage of a western sanctions. russia's leader vladimir putin as says that his country is actively redirecting trade and economic context towards bricks. countries have ty, is between delhi and moscow trade ties for that matter. strengthen well, a definitely strengthened and chris, we know that for ever since the war broke out. and ever since us and european nations in both sanctions on russia, we saw that india began buying russian oil at
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a discount. good price is now as the war progressed, and as the west sanctions kept on intensifying reports started coming in of india's purchases of russian oil going up significantly and even exponentially later on at a heavy discounted rate. and just yesterday, i think the russian president vladimir putin himself admitted that russia's trade to india, china and uh, brazil has gone on by about 38 percent in a very short period of time in just the 1st 3 months of this year. so that's a, that's a significant admission by booth in himself and my church to the shagging of the western block. but yes, that remains to be the fact that the trade dies are definitely on an upward swing chris and charo. there's talk about expanding this bricks group or adding new members to it. what is india's position when it comes to that?
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well, chris, formerly met india, has made noise about that. it has not made any significant statement as to whether it endorses auto boys as the expansion of uh, the bricks grouping. but then there are several a reports that are that, that do indicate that this seems to be some displeasure in new delhi about china's plans to expand the grouping to include many other nations in it. india apparently feels that these know china wants to bring in these nations to bring in more members, which will be under chinese influence to, to offset or the, the weight of india and russia in the summer. so they did hon. it's the india is not happy and that it will try to resist these plans for bricks expansion. chris. d . w is charo car to care and deli charo. thank you. it is to rwanda now, where germany's by on tax started to construction of a coven 19 vaccine factory. it is part of
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a plan to help countries in africa jumpstart a manufacturing network. for the continent. it may have taken them months to get here, but better late than never western vaccine makers of finally setting up manufacturing facilities in african countries at a time when they are more than enough jobs to go around. but locals, a looking beyond the current pandemic, is office i from what i'm enough woman. over to you. we're a commercial one. you know, my own sex african vaccine manufacturing facility will greatly facilitate the prevention of any disease that may occur in our countries. condie with the hands say, if these vaccines are manufactured here, the purchase price will not be high as a one. and it is a good way to fight the next pandemic to see what kind of his. so when the next pandemic arrives, having vaccine manufacturers on the ground may very well make the difference
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between life and death here as it has across the globe. all right, for more or less crossover, do they run in capital kigali and our correspondent isaac mcgarvey there. isaac, this investment seems to be coming quite late actually. i mean there's from criticism that african countries are pretty far back the line when it comes to fighting the pen demik. what do people in random make that view? well 1st of all, the people are going to run. i'm not sure about that because they are for cause like behind they've think developed countries thought about themselves before they thought about as you remember when they broke out every country and it worked well sort of fast. so for them to think this is really pretty just then, but again, it is september is the lack of technology in african countries to develop the own actions to give to the people. so that was, but the lynch, ah, so in, at
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a level of miss information about the efficacy of the vaccine themselves, you know, your day that's been so much of 15 years about since and when a continent where there's so many people in it, it, there will take it in information, turn out to them as the as the truth. so that's another factor answer to then if some people don't want to talk, since they seem to make sense, i think if they don't walk as i get there, have been efforts towards a coven 19 jab, produced, and develop, actually within africa. how far along all these efforts? well, it's a job to be devoted. entrepreneurship was same between south africa, oxygen, but biologics rather on bay. gems is sent on. they have a check it open this box in for africa by the end of the f. however, when it does the timeline to get themselves, it's all
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a bunch of to wait and see whether indeed that com to about this i see just a few minutes ago there prison government officials on biotech were saying they have to deliver the 1st like since the end of the d. w as i can gabby and k. golly, thank you. and that wraps up our show for more check out our website ad d w dot com slash business or turn into d w. news us youtube channel. i'm chris cockburn. berlin, thanks for watching with ah, with,
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that that uniqueness is what allows us to live and survive google ideas. the environmental su in global 3000 on d, w, and online ah ah, this is d w news live from barnett and i've got his don reals off to a deadly spike rescue teams race to get to survive as a day off to the powerful quake left a 1000 people dead and many more injured also coming up the e u is set.

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