germany, france and italy says all back ukraine's application and the european parliament was also in favor of next business. daniel winter has more on germany's gas crisis. and don't forget, on our website, you can get all the latest news. it's d, w dot com, find us on twitter and instagram as well at the w news. ab told me a lot, it will be back in the top of the hour with a new tag to this visual hotspots in germany, europe and the world d. w, travel a tree lane wherein mm

hm with ah, ah, germany a sounding the alarm, a supplies of natural gas from russia continue to fall. the country is in the middle of a gas crisis, says the minister in charge as he moves germany to level 2 of its emergency energy plan. we'll get the analysis correspondence and america's health regulate

a benz vape pens by jewel saying the company has failed to prove they were safe. can the company survive? we'll get the view from wall street. it's that time again. dw business on 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 calling consumers and big businesses to cut back, saying the country is in the middle of a crisis. the situation has been weeks into making. but now russia is slowing gas supplies to germany to the north stream, one pipeline tit for tat germany is triggering 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 turning on gas and is currently across, committed to in germany does. and i say that your windows security or supplies currently guaranteed to heighten, towards front act, to a developer, to just 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 gas demand for the cold winter months. this is why g tactic saving because wherever possible and ramping up are forced 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. the sentence, and i know economists not, and i know that. so we are in an economic dispute with russia,

where gus and energy is used as a weapon against germany, mit him, c u, das vasa slant, and in this we're going, we're in my, were you that is used with the aim of destroying the german and european started out with ukraine hyde and of course, as a leader tit madeau kiner. whether or not germany will move to the target and final phase of the emergency plan remains to be seen. however, winter's coming and it will most likely be a dark and cold one. that's big now to simon young from our parliamentary bureau, simon, we're at level 2 now of robert hardwick's gas emergency plan. what does that mean concretely for businesses and consumers that use gas? yeah. will for 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 need it 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. but 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's 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 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 are and you know that 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 who caught up to now the government 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 worse 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. yup. 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 breaks 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 growth. 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 seaport companies has condemned the strike. dozens of cargo ships are already waiting in the north sea to be docked. and b,

m w says 1st cause all 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 shan 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 each cigarette, make a jewel to pull its products from you a shelves saying the company failed to provide sufficient data on their product. safety. sales ban applies to both jewel vape in devices and it's flavored cartridges. jewelers come under pressure in the past, a mid claims that it's products encourage young people to take up vapor, which the company to night. well, let's check in on this story with more information gets caught is standing by forest on the new york stock exchange. yes. joules cases now,

what the hoping it will get to an appeal. does the company have any hope of keeping its product on us shelves? rel, 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 ben a basically because the ben is based on insufficient to toxicological evidence. and not, as you mentioned, the use of usage sherman. there's also a chance that 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 i'm also there is word that and the f d a itself is not fully or it actually has some a descent as 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 i wanna turn our attention now to nike the u. s. shoe and sportswear

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 goods. it's not that harmful for nike. i mean, if you look at the sales that they had in the past, in a, in russia and ukraine, a, together, a 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 a because fashion trends so changed a nike was on a run during the pandemic was all the more casual aware that we saw in the united states and all over the globe. so that trend is changing a bit. so that's m hurting nike. but at that, nike is pulling out of russia, is probably going to be not such a big blow for the company. okay,

in speaking of being on a run, us indexes are up this week after it is difficult, terrible losses. i recently, what's turned them around yet at daniel, as you mentioned, i mean last week was the worst week since march 2020. so now we have this a rebound in this week. so it looks quite promising that we will f have a positive for week for it changed, but nobody really expects to smooth sailing from m here on it will be definitely interesting to see what happens 1st earning season. that's going to kick off soon. okay, so it could still be a bumpy road ahead ins, 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. lat, as 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 d w business. thank you very much for watching. is the end of the pandemic in sight. we show what he could look like will return to normal and we visit those who are finding it difficult

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