tv Business - News Deutsche Welle June 24, 2022 8:15am-8:31am CEST
8:15 am
drawn amid conflict, food insecurity and lack of health care. this earthquake is yet another humanitarian disaster to hit afghanistan. and you are, of course, watching did have your news live from berlin. business news is up next. don't forget you can get all the latest news on our website at www dot com. i would expired. thanks to watch. i people in trucks injured when trying to flee the city center. more and more refugees are being turned away on the border. families playing phone tags in syria to leave critical illness with administrative people. lean extreme
8:16 am
ross getting 200 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. ah, ah, germany is sounding the alarm, the supplies of natural gas from russia continued 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 from our correspondent and america's health regulate a benz vapor pens by jewel saying the company has failed to prove they was safe.
8:17 am
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 colleen consumers and big businesses to cut back saying the country is in the middle of a crisis. the situation has been rickson to make. but now rush res, slowing gas supplies to germany, to the north stream, one pipeline. tit for tat germany is 3 going face to office emergency gas plan, which is only activated 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
8:18 am
a cross committed to in germany. thus, when i say that you windows security or supplies currently guaranteed to heightened or stunt up to a developer to test. 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 is why she tactically saving, because 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 an economic attack. if the finance 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. mitten, ca,
8:19 am
das vasa slant, and in this weapon were in my, were you that is used with the aim of destroying the german and european sorta diety, with ukraine and hyde. and of course, is 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? yeah. will fer 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,
8:20 am
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 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.
8:21 am
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 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?
8:22 am
well, the year the, a 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 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 worst effects of the gas shortage. ok, while costumes 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. bangladesh is trying to secure wheat supplies from russia in a bilateral deal with moscow. it's biggest supplier, india banned exports of the grain last month to help contain local prices. an
8:23 am
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 seaport 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
8:24 am
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 u. s. shelves, saying the company failed to provide sufficient data on that product. safety sales ban applies to both jewel vapor devices and it's flavored cartridges. jewels come under pressure in the past. a mid claims that its products encourage young people to take a vapor which the company tonight well, let's check in on this story with more information gans caught a 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
8:25 am
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 ban a 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 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, and 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
8:26 am
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 a 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 guts 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. again, speaking of being on a run, us indexes are up this week after it a difficult,
8:27 am
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 is going to kick off soon . okay, so it could still be a bumpy road ahead, yearns 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
8:28 am
semiconductors. the materials could then be brought back to earth for sale. and quick reminder of the top business story were following for you. germany has declared the alarm stage of its emergency gas plan that has the country sees a high risk of long term supply shortages of gas. the move can drastically affect energy prices for consumers and businesses. and you're up to date with dw business . thank you very much. for watching is the end of the pandemic in site. we show what it could look like will return in the normal and we visit those who are finding it difficult with successes in our weekly
8:29 am
coping 19 special. next on d, w. to the point. strong opinions, clear positions, international perspectives. russian retaliation against western sanctions is driving millions of families worldwide to the brink of famine, blockades, event, grain, and gas prices storing is scarcity, proteins, weapon of choice. to look point. in 16 on d, w. ah good mike speaking, how can miss passionate hatred of a people be explained?
8:30 am
gold top gold. a history of anti semitism is a history of stigmatization and exclusion of religious and political power struggles. it's a history of slender, of hatred and violence even 77 years after the holocaust hatred towards jews is still pervasive. a history that he semitism starts july 2nd on d. w. ah ah . the pandemic had many unanticipated side effects on emissions on work, travel, and ball. so what was the environmental impact the pandemic? i'll topic on this week's code 19 special. in indonesia for example, illegal deforestation increased.
26 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1970404085)