with senate is seeking to pass a bipartisan bill on gun control. but at the same time, the supreme court's ruling has forced a rethink of safety measures across the country, making tackling gun violence and increasingly complicated task. he watching the w news up next business news was daniel winter. i will be back with you tomorrow. take care. ah ah ah ah

ah, do you like it with do you want it? okay, then buckle up, put the pedal to the metal and let's ride with read on d w. every journey begins with the 1st step and every language with the 1st word louis pinnacle rico is in germany to learn german. why not learn with him? simple online, on your mobile and free to shop. t w's e learning course. nikos vague. german made easy with aah! germany is sounding the alarm. the supplies of natural gas from russia continue to

fall. the country is in the middle of a gas crisis as the minister in charge, as he moves germany to level 2 of its emergency energy plan. we'll get the analysis from our correspondent and america's health regulate a benz vapor pens by jewel, se in the company has failed to prove they was safe. can the company survive? we'll get the view from wall street. it's that time again dw business. i'm daniel winter in berlin. germany has moved it's 3 step natural gas emergency plan from early warning to the alarm phase. it follows a drop in supply of natural gas from russia. the german energy ministry is now colon consumers and big businesses to cut back saying the country is in the middle of a crisis. the situation has been ricks in to make, but now russia is slowing gas supplies to germany through the notes, through one pipeline. tit for tat germany is 3, caring face to office emergency gas plan, which is only actuated when there is

a high risk of long term supply shortages. german economy minister robert topic says wire supplies are currently secure, distribution is, sees gas is true and gas is currently as cross committed to in germany. thus, when i say that your windows security supplies currently guaranteed to heighten toward stunt act, to a daveille i statist. as of now, germany's gas storage, noel stands at around 58 percent. berlin is eager to get that figure up to 80 percent by october and 90 percent by november to meet the gas demand for the cold winter months. this warranty tactic, saving biggest, wherever possible, and ramping up efforts to find more alternative gas sources as a way to cut energy dependency on russia even further. russia, on the other hand, seems to be happy to slow walk supplies. with some seeing it as political

retaliation to you sanctions, germany has called his manners and economic attack, your befitting loans. and i know economists also know that, so we are in an economic dispute with russia, that's about where gas and energy is used as a weapon against germany. met him. ca, das vasa slant and in his weapon were in my view that is used with the aim of destroying the german and european sorta diety, with ukraine hyde. and it causes only dieted mit o'connor. whether or not germany will move to deter, than final phase of the emergency plan remains to be seen. however, winter is coming and it will most likely be a dark and cold one. let's big now to simon young from our parliamentary bureau, simon, we're at level 2 now of robert ha, beck's gas emergency plan. what does that mean concretely for businesses and consumers that use gas?

here will fir consumers, i think will the government is doing is appealing to them to use less gas and day in particular to for instance, prepare heating systems now in the summer. are to use the less gas where possible or in the colder season, as far as large businesses are concerned, that the governments introducing an auction platform, saying to companies that are able to reduce their gases, that they can sort of sell the, the gas they don't use to other companies that needed or more drastically. and of course, the idea in both cases and with all the measures, the government is introducing is to avoid a collapse in the gas market, which could they say occur. a fir, the supply continues at the low level, or indeed a decreases from what it is right now. okay, so at the moment we're in the summer, so consumers might not feel the pinch so much just yet. as you mentioned,

big businesses really rely on gas. their production, so how big the threat is the current situation to the german economy? i think it's severe, the economy minister, robert har. beck has said that people should prepare for further price increases. and he said that the situation could arise that comparable to the collapse of lehman brothers, the investment bank back in 2008. so if for gas prices remain high, keep going up. it is possible that gas supply, as he says, could go out of business, and that would have a devastating knock on effects. are mere municipal gas suppliers might not be able to to have a gas to supply. and of course, businesses would suffer as well, particularly germany is manufacturing businesses and present sir intensive uses like the chemicals industry. and, you know, they could really struggle and that would have

a much greater impact here in the wider economy. and how, because of course, fulfilling 2 roles here as both economy and energy minister. so trying to balance these 2 sides, did he talk about the potential for triggering the next level of the emergency plan and what that could me? well, the are the further stages of this emergency plan could allow the government to allow energy companies to impose unilateral price hikes. and you know, that's something they've not yet decided to do. ultimately, they could even ration gas with a government agency, the saying who can have the gas and he can't or up to now the govern saying, well, we're hoping the combination of measures reducing demand, but also looking for alternative sources, possibly reactivating coal that, that will be enough to stave off the worst effects of the gas shortage. ok, well of course gems will be hoping that it doesn't come to that,

but we'll wait and see simon young. thank you very much. now let's check in on some of the other global business stories making news. sandra dash is trying to secure wheat supplies from russia and a bilateral deal with moscow. it's biggest supplier, india band, exports of the grain last month to help contain local prices. an agreement with russia, the world's biggest wheat exporter, could help bangladesh fil a growing gap amid soaring food prices. german exports to the u. k. have fallen since breakfast at 6 years ago, and according to a new study by the association of german chambers of commerce. meanwhile, germany's trade with you partners, france, italy, and poland continues to grow german dock workers are staging a one day strike on thursday. the union is calling for higher wages for 12000 employees. 6 ports are affected by the labor action, including humbug,

the country's largest association of sea port companies has condemned the strike. dozens of cargo ships are already waiting in the north sea to be docked and b and w says the 1st cause are rolling off the assembly lines at its newest factory in china is the car makers, 3rd chinese plant located in the northeast and city of shed young, it will produce electric cars including the i, 3. china is b, m w's most important market, selling nearly 850000 cars. that last year the us food and drug administration has ordered a cigarette, make a jewel to pull its products from u. s. shelves, saying the company failed to provide sufficient data on their product. safety sales ban applies to both jewel vapor devices and its flavored cartridges. jewels come under pressure in the past. a mid claims that its products encourage young people to take up vapor, which the company to night well,

let's check in on this story with more information gans caught a standing by force on the new york stock exchange. yes, joules cases now. we're hoping it will get to an appeal. does the company have any hope of keeping its product on us shelves? well, daniel, it is a tough call for jewel. there's no doubt about it, but there is a certain likelihood that the company might try to appeal the banner basically because the ban is based on insufficient to toxicological evidence. and not, as you mentioned, the use use it showed that there's also a chance that a jewel could a try to get a new application from the f d a for jewel to so, so to speak, a for a new a product. and then am also there is word that and the fda itself is not fully or actually had some descent. and so i guess the last word is not spoken. if

a jewel products really have to leave a shelves here in the united states for good. okay. and so it turn our attention now to nike the u. s. shoe and sports where manufacturer saying that it's definitely permanently pulling out of russia. is this a big step for the company? well, i mean, already 3 months ago, nike had decided to suspend a business. so now they're closing it for good. it's not that harmful for a nike. i mean, if you look at the sales that they had in the past and in russia and ukraine, and together, nike got about one percent of its revenue from that region. i mean, the stock of nike has been down quite a bit in the past couple of months. 36 percent since the beginning of the year. but that's probably because fashion trends that changed nike was on a run during the pandemic was all the more casual where that we thought in the

united states and all over the globe. so that trend is changing a bit. so that's hurting nike. but that nike is pulling out of russia is probably going to be not such a big blow for the company. ok. and speaking of being on a run, us indexes are up this week after difficult terrible losses recently. what's turned them around? yeah, daniel, as you mentioned, i mean last week was the worst week since march 2020. so now we have this rebound in this week. so it looks quite promising that we will have a positive week for it changed, but nobody really expect the smooth sailing from here on it will be definitely interesting to see what happens with earning season. that's going to kick off soon . ok, so it could still be a bumpy road ahead. dns quarter on the new york stock exchange. as always, thank you very much. and finally, the united kingdom is set to launch a satellite from its own soil for the 1st time later this summer. and now they've

just announced what is launcher will be taking into space. get this the launching a mini factory into orbit. the prototype space factory will be able to produce materials that are impossible to make on earth. the developers as microgravity, allows the creation of lighter and stronger metal alloys and more efficient semiconductors. the materials could then be brought back to earth for sale. and quick reminder the top business story were following for you. germany has declared the alarm stage of its emergency gas plan labs. the country sees a high risk of long term supply shortages of gas to move to drastically affect energy prices for consumers and businesses. and you're up to date with dw business . thank you very much for watching

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