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tv   Business - News  Deutsche Welle  June 24, 2022 3:45pm-4:01pm CEST

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on this, i'll show ya. russia tries to leverage its position on the world. food market, as millions of people are threatened by hunger and new technologies and the future of flying have long been the focal points of the berlin air show. when the war ukraine priorities have shift and chris kolber, welcome to the program. certain industries and germany have to shut down. the economy minister says, should there not be enough russian gas come winter? russia has already cut supplies delivered through the baltic sea north stream pipeline. and could decide to keep the taps completely closed after scheduled maintenance work in july is over. meanwhile, a discussion is gaining momentum whether germany should extend the lifetime of its remaining nuclear power plants. fukushima 2011, an earthquake trigger it tsunami. it destroys a nuclear power plant. the accident shakes the world leading to fears the same
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could happen elsewhere. the accident also prompts germany to exit from nuclear power earlier and plant egan's austin's as a proponent of the peaceful uses of nuclear energy. i want to be very frank, the events in japan of change my opinion on nuclear energy enough. in 201117 nuclear power plants. we're still on the grit. now only 3 remain active. they're supposed to close down by the end of the year, but the warn your crane and surging energy prices could affect the timeline. since rush has invasion of ukraine, the price of natural gas has jumped around 80 percent. many politicians and business lead us a calling for the nuclear plants, tory maine and operation. so energy supplies are secure in a north the to up in an emergency situation. we have to physically secure our
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energy supply at any time and anywhere. but the german chancellor made it clear that there won't be any changes to the nuclear shut down currently and nuclear plants account for 6 percent of electricity in germany. the chancellor says keeping these nuclear plants would have little effect. the survey, however, shows more than 60 percent of the population on favor of continuing the operation of nuclear plants due to the looming threat of an energy crisis. let's get more of us from clemens 1st. he is the president of the e for institute, one of germany's most renowned economic research institutions. welcome back to the program. clemens. why would it be wise to keep germany's 3 remaining nuclear power plants in operation? we are facing an energy crisis, rising energy prices and the that means we should use all options to stabilize
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supply or to increase supply. nuclear plants don't produce guess they may help to keep her energy prices at a christy price is lower in the situation of high uncertainty. it's unwise not to use all options. now of changing the schedule for the nuclear plants is costly and complicated. yes, but it's feasible and i think we in the situation we should use all options rather than giving away one without very good reasons. and let's address some of these, some of these issues here. i mean, we heard the chancellor saying everything is geared towards phasing out nuclear power this year when it comes to maintenance intervals when it comes to these fuel rods. so how can this be overhauled before the crisis? a lot of things were good in directions that have to change. now, the question is really, is it feasible to change the schedule for shutting down the no kill the nuclear
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plants? love experts say yes, it is feasible, it is complicated, but of course, the longer we wait, the more complicated these things become. i think we should do what's necessary to make it possible to keep these plans open. i think that would be the wiser move, rather than saying just because we were on some calls, we don't change it. we are changing a lot of things at the moment. we need the flexibility that we should apply that to nuclear plants as everything else. i given the fact that amid this ukraine war longstanding, political positions in germany are practically changing overnight i, i see that argument, nevertheless, experts say that getting the necessary fuel elements could take between 12 to 18 months. that's wrong. as far as i know, i'm no engineer about the, the existing elements can be used
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a little longer and it's possible to procure new ones as well. so it's technically possible to continue running these plans. there are papers about that the to has the limit, one maybe not all 3 plans, but maybe it's just 2 of them, but it's possible to do this. the question is, do we have the political well, we should remind ourselves this is not about funded mentally changing the long term strategy. i personally think it would also be good to rethink the long term strategy about getting out of nuclear about here we are only talking about maybe a year or 2 or 3. so just changing the schedule. a little kind of 1st president of the for institute. thank you for your time. thank you. germany, i love tons of says its canceling over 2000 additional flights at its frankford and munich hobbs because of staff shortages. this comes on top of 900 connections already cancelled for july. the cancellations will chiefly affect german and
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european route and staying with the asian sector. the berlin air show is underway here in the german capital. in recent years, the bi annual events put a strong emphasis on new technologies and the future of flying. but as the war and ukraine rages on, the priorities have shifted. ah, the handover of a long range air bus $321.00 to the bond is fair. the german military, lufthansa technic equipped the brand new airbus in 6 months here that it can fly 100 soldiers to a deployment location. even none stop across the atlantic. and the plane can also carry up to half a dozen intensive care patients. the military has ordered 2 of these 8th we $21.00 ellers and of tons of technic is convinced they won't be the only ones
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begin to lift off on hours per se us let's of look. so naturally, we're not expecting this plane to be our last one, given the current global political situation and changes here in germany and europe, we're expecting additional orders not only from the german air force, but also from our nato partners in germany and elsewhere in europe. not the bad, none in dodge lands outside in i will be answering this aircraft is also on the bundle of air shopping list. the f 35 from you. as the fans firm lockheed martin, it costs a reported $100000000.00. the german military is the biggest exhibitor at the aisle 8 berlin international air show it's troop carrier. the a 400 m is featured here, airbus these good prospects for its wide body front loading beluga transporter, german weapons maker. ryan metal is showcasing luna. the next generation airborne recognizance system, it can identify and classify objects in real time. the bundeswehr is already on
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board with a system as part of its digitalization drive. european guided missile maker m b t a is also seeing an upswing. it's intelligent guided missiles are being developed for the german military. the missiles, i networked both with each other and other weapons systems. the american of the sto, homes, us, oh, we feel that revenue will rise. we are noticing an increase in demand. and of course, we have products that are already market standards. we have missiles that are already being used by the bundeswehr, and it's partner forces by partner slide cliff. it's a lucrative time for the defense industry. just recently, the german government opted to simplify and speed up the process with which the bundeswehr can award contracts. more than 340000000 people around the world are facing food shortages. germany's foreign minister on elena babylon says it had of
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a g 7 meeting on food security. she also stressed that setting up transport routes for grain from ukraine as a top priority to prevent a global food crisis. millions of tons of wheat are currently locked in. the current is poured stewart, a russian blockade where russia tries to leverage its own position on the world market. these are the pictures moscow hopes for when speaking of a record harvest this year. experts expect $12000000.00 tons more wheat the summer than last year. largely thanks to good weather. it's the kind of news that they like to bring up during high level talks. russian president vladimir putin himself announced the expected reco harvest touch you at the puzzle if you do good. this not only allows us to build up our own stalks, but also to better supply our global partners. that is very important for the well to food markets. yeah, you know, but there was nothing but putins. russia is at war with the west, and wheat is
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a weapon. prices have shot up between 50 and 60 per cent since february. that means higher profits for russia to says agricultural, expert andres, ease of what i see against, as well as non expect a russia is the world's leading. we'd exploiter if they are no further wheat, export bands, rushes wheat will account for 20 percent of global exports. that simply can't be replaced using shelly, fully muted. good. new more is moscow is aware of this dependence. the state tv reports about the national grain forum with the message sanctions have made russian, we'd exports more difficult. russia is demanding concessions from the west virginia also by remind. yep, it should close. so there, i would like to point out that russia is ready to provide its foreign partners with high quality projects to increase food security around the world. if i don't say he's local, but on russian state t v, there's not
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a word about russia having created this crisis, odessa large amounts of ukrainian grain are stoled here. odessa and michael live are the biggest ukrainian ports for grain exports, like russia. the country is also one of the world's leading exporters, but the russian military has blocked ports along the ukrainian coast. that's increased pressure on wheat prices, which were already high due to reduce russian exports earlier in the year as a result of its own export. bad and on top of this, russia now hoarding its own food exports as a form of blackmail holding back supplies to increase global prices or trading lead in exchange for political support. moscow finds itself having more leverage, thanks to the welds demand for wheat, demanding concessions from the west. experts expect russian grain exports to sore
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the summer. raking in big profits due to high food prices. and that wraps up our show. as usual, you can find more news and background information on a website that's d, w dot com slash business. or on the d, w. news, youtube chat. i'm chris colburn, berlin from me and the entire team. thanks for watching. have a good weekend with with
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