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economy our portfolio d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. east this is wes. give it head with the w business beyond a financial lim. both the united states says russia has defaulted on its international buttons for the 1st time in a century. bhaskar denies that arguing sanctions blocking the money from getting through to bond holdings to frack or not to frank argentinians say it's causing damaging earthquakes that their government sees a lucrative business opportunity as russian gas is. it's

a lewis and maritime traffic jams continue to clog up global trade, taking a toll on businesses and consumers. we take you to germany's biggest port hamburg, and it hasn't. let's do business. has russia joined the reveled all reviled club of debt? default is the last time this happened was when the russian empire collapsed and the soviet union was created. bolshevik revolution, lead of latter be. lennon refused to recognize the debts of the deposed saw. that was 1918 phosphor to june 2022, and russia is flush with cash economies showing no sign of thinking yet despite an expensive war and sanctions. but 2 payments haven't made it through to overseas creditors. the kremlin accuses the waste of unofficially driving it into default by sanctioning banks. one sovereign debt lawyer in new york says those sanctions were fully in russia's control. all that had to do was not invade ukraine. some experts

dismiss the event as a technical default. other bank has say, this will impact russia's ratings, market access and financing costs for years to come. a financial corresponded teddy astro is following the story for us from wall street. so has russia defaulted or not? while this really is kind of a political and, or but as far as i understand is it's up to the u. s. a. steve, for now for the effects of the default. quite interesting actually doesn't appear to be many effect. priest, it's dependency on foreign financing. are and certainly not worth warn, you correct. structure tries to reintegrate into the global financial system after the ukraine war. then they'll probably run into some difficulties. now as her

other members or other measures, we can look to the g 7 right now, which has app on oil, russian oil and gas imports. and that actually might strike at the heart of russia's funding of the war in ukraine. and of course, that comes with a high price sag for europe, which heavily depends on that oil and gas. we're looking at oil. we're looking at a high oil prices. we're looking at high food prices and we're looking at a looming recession. so debt is one small piece of this larger puzzle. a big puzzle, it is teddy. thank you very much for the analysis. now to some of the other is the stories making use. switzerland's highest criminal court has find credit suisse more than 2000000 euros over a money laundering case. it found a cocaine trafficking, gang from bulgaria, had used the lender to conceal the origins of it's a legal income. prosecutors see this as a test case for taking a tough

a line against swiss banks. and there secrecy inflation is putting pressure on germany's pick population. it's fallen 10 percent since last year to about $22000000.00 animals at the lowest since 1990. 5 is blame the rising cost of feet and energy. it could mean pricey, a german sausages and ecuadorian president guillermo law. so says he'll lower the price of fuel. it's a bakery for thousands of protesters who took to the streets in the past few weeks . demonstrations brought many parts of the country to a standstill, costing the weak economy around $50000000.00 a day. to meet global gas demand, argentina has increased fracking in the 2nd largest deposit of shale gas in the world. the residence of a nearby village say it's causing earthquakes and serious damage to their hopes. until recently, the 150 families of the village of south south benito,

an argentine had been living in peace and quiet. but that all came to an end. when the gear began, a resident shows us his house cracks started to form in the walls. glenn, one morning farm of his empties and on the part i discovered this one, several meters long modal global committee experts should have been here long ago to determine whether this house needs to be demolished or if as another solution like for this wall which was split by the strong tremors dumb, but do you know city of the, in the roller going glue, little more middle. the cracks are due to earthquakes, which have recently been occurring more and more frequently. the locals claim the shakes caused by shale gas extraction a short distance away. it's the 2nd largest deposit in the world. fracking was stepped up following the invasion of ukraine to cover the west's increased demand for natural gas argentina's precedent. alberto fernandez hopes the huge gas field called vaccum water or dead cow, can be a way out of the severe economic crisis that plague the country for years remotely

. it's been great and delivered to bludgeon tina's problem is the lack of infrastructure to transport, not just gas, but also crude oil will apply. above all, there are no pipelines to bring the gas from the vaccum water field to river ports dinner in the cogent tina did not invest in the necessary infrastructure in time. right. and now can hardly step in to replace gas and oil produced in russia. edwardo own up out of the middle good video to blue say in rosier fernandez, said during a recent visit to germany that europe should help with the construction of pipelines and liquid gas terminals. experts believe that countries such as argentina and brazil should become a focus of europe's energy supply because of the war in ukraine. because the provincial government hasn't helped him so far. residents of south south denito was documenting the damage themselves. submitting evidence to national authorities in hopes the government will finally support them in quite yet

a moment. at any moment. there could be an even bigger earthquake than a house will just collapse in on itself. i low seventies is not an isolated case. everyone here has cracks in their house. oh, he w corresponded javier gatos is a very brainy g 7 summit here in germany where argentine has been presented as a business opportunity. not a problem. i asked him how problematic tracking is for the lives of argentinians and how opportunistic it is for other countries looking for a new supplier to replace russia. well then of course, aside from the environmental problems that are at hand, literally hundreds of incident that are reported every year, especially in the backup where our deposit of natural gas and argentina, the biggest problem with fracking in argentine and for argentinians is that it has so far been a failed promise, a promise of turning argentina into a world power. those were the words of president motive, phil marketing, just in 2018, telling people that argentina would become sort of

a saudi arabia for latin america. and all of that has clearly not happen. so of course, when people see the investments that are being done, the promises that have been made and the actual results for the countries still struggling economy. fracking really does not seem to be the best solution for it. and also the g 7 is meant to be a club of rich industrialized nations. why then, are they trying to source cheap and possibly environmentally destructive power sources? well then of course, there is a sense of urgency taking into consideration. bad gas imports from russia are to be reduced. do they need to replace them? of course, with other gas imports. that is simply because the infrastructure needed to completely change a power system, expired time and money. and the sense right now is that there is no time and that there is no money,

at least that's what countries get told all the time. that's why president alberta fernandez from argentina. the current president is lobbying for cheaper and easier access to credit in order to make those investments despite the fact that of course, natural gas is not renewable energy. it fil is widely considered the most environmentally friendly fossil fuel. so that might be one of the important aspects of the bigger picture here. of course, for countries like argentina is the fact that for years has happened, it has been considered an unsafe investment destination. that could be changed, at least that's the aim of the present. and of many leaders here at the d 7, some of the our gate us reporting forth from a very green looking, but also stormy looking g 7 summit in our la, terminate. another knock on effect of the war in ukraine as well as the pandemic. a supply bottlenecks around the world. shipping containers continue to pile up at harbors, including one of europe's most important hamburg de sophia express is making

another stop in hamburg for 330 meter long happen. lloyd ship arrived a few days late because there was no more space in the port. there are far too many containers here. the absolutely full storage space causes ripple effects that must be using. this is buffer storage for overflow volume. but if you wanted the 2nd one from the bottom, we'd really have to think about how to dig it out for you host border and loosen on the answer called the container terminal in hamburg is highly automated. but for some time, he has not been able to exploit this advantage. after the pandemic, it now faces economic uncertainty. this the input all the containers are usually picked up after 4 or 5 days. but now they're here an extra 2 or 3 days target and we just don't have the space hum via this. did plots. shipping companies are also feeling the consequences. half ag lloyd has been closely monitoring its 250 ships.

3 of them are in the north sea waiting to dock in hamburg, dust the door did so that means our timetables, which are already under a lot of stress, are being delayed. even more of the ships would normally be returning to asia. but can't go here. customers are waiting longer for their shipments than they would like linger. it's all in all, it's not a good situation. so kind of soon as it also happy, lloyd is now trying to bring the export containers to the port at short notice. and while importers are being rewarded, when they pick up the containers faster, there's little effect lavista. you haven't seen a real turn around yet. i expect it will continue this way in the coming weeks, probably all the way through summer dollars, money to it, in some additional ports across europe are now trying to increase space by demanding penalties. but at the same time, hamburg operator hopes businesses and shipping companies will take action. it'll

matsui, the flow of information, needs to be much better. so we know what has to be done with these containers and advance boxes and an interior regions, regardless of the country. space has to be created a production sites to have a buffer of one or 2 days soon, buff on couldn't. but solutions like these take time, and that's something ports don't have as traffic piles up. ice doing business with syria. 2013. a brutal mass murder filmed by the perpetrators themselves. specialists and amsterdam have been trying to uncover the circumstances of the crime for yes. who are the offenders? who are the victims? a search hook who's that gets on to your skin?

close up. next on d, w. a treacherous journey into the heart of darkness. jonas travels from finland to cambodia. his mission to find out what caused the death of a good friend. he documents his search with a camera, the result, a gripping record of his desperate pursuit of the truth, lost boys. in 45 minutes on d, w. o is increasing every year and many im gonna working on lunch. so this was the only why fairies, holiday destinations and drowning in plastic weiss, we, we wine at the core with

every year year of the exports over $1000000.00 tons of plastic waste. is there another way? after all the environment isn't to recyclable. make up your own mind. d. w. made for minds. oh, video recorded in damascus, syria, a uniformed man marches another man towards a pit that's extremely disturbing.

out of respect for the victims were only showing reworked vers.