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tv   Business - News  Deutsche Welle  July 11, 2022 3:45pm-4:00pm CEST

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as from gas prom is scheduled to switch off. it's not it's largest natural gas pipeline running to germany today, citing annual maintenance. the question is, if it will switch it back on officials in germany and across the you are warning utilities and companies to brace for a possible complete stop to gas flows. even after the 10 day repair period. they fear russia will use maintenance as a pretext. moscow has already reduced flows and germany in recent weeks, cutting back supply to 40 percent of normal levels. again, siding repair needs. now the north stream stoppage also appears to be pushing the german government to undermine its own sanctions regime against russia. at berlin's request, canada has now temporarily waved its export restrictions on a gas turbine that the company, siemens was repairing its facilities and montreal delivery. an installation of that turbine, which russia says is critical to restoring gas flows, could force you to partially lift its own sanctions on russia. that in turn,
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has drawn the higher of ukraine. for let's take a further look into this. karen piddle leads the fo, center for energy, climate and resources. she joins me from munich and my colleague, andrea every is joining me here in studio at karen. i 1st want to start with you. we've been anticipating this day when maintenance begins, begins for quite some time. how alarmed should we be? do we have any idea? i mean, we don't know. i mean that's basically it. i mean the maintenance is the normal that happens basically every year, 1014 days. the question is really whether there will be any excuses on the russian side. to actually prolong that period until when it's anybody's guess, or one excuse that's been given to this point for pulling back on gas imports. so germany has been a busted turbine under the german government is now trying to work with candidate to get a turbine in how problematic is this actually that they're sort of playing. i don't
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want to be playing along with that. they're actually sort of working on this turbine, in essence with the russian government. what, what, what can we say about that? well, it's a big mess to you because what germany had to do was to convince canada, a strong ally to send back this turbine. and to do that they had to live sanction temporality. they say on a siemens, canada, they were repairing the turbine. now they're sending it back and then the bowl is in the use feel because we will have to also lift sanctions probably to let germany deliver that turbine. germany is busting its own sanctions. in essence, that might be the thing that's going to happen because if we want this turbine to go from germany to gas pro men, so to let them install it on north stream one, that's where it should go. well, we'll have to leave some sanctions. otherwise, we can deliver it, really deliver the item to russia. and i'm in for germany is a really big problem. we are ready here on the strong criticism for what we've done so far for ukraine interview. many with many things that we haven't been doing
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enough. hello. yeah, exactly. and the problem is, of course the ukraine is not amused of the chief of gastron's mission network of ukraine called as a very, very bad precedent for exemptions from sanctions. and russia is already weaponized as for propaganda purposes. is there any guarantee that if the turbine were in place, that supplies would return to the level? to be honest, no, because russia could already deliver more through all the routes right now. and so we might also end up lifting some sanction. so weakening the sanctions and in the end they will receive the turbine and not use it and claim that maybe it's still broken or whatever they have many options under it. i want to ask you what, what, what kind of efforts have there been on the german side to find alternative sources of gas if it's not coming in from the russian side? is germany not further along than it was when we can see that flows already of minutes from russia. we went from 55 percent to 35 percent. most of the gas that
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did, the change in to mix of gas has been going towards the netherlands, belgium, and norway, especially. we're also trying to build this very big ellen g terminal on william southern and receive the green light recently. so it's, it's still a very big struggle and it's not off the chart or off the page and we will have to fire up co plans, for example, to actually have more electricity this winter. it a lot of talk about that a lot of controversy around firing up coal plants. karen, we, we often talk about this possible gas stoppage in terms of the economic and household damage. we could see how can we sum this up for people who may not really be aware how critical gas is in terms of the german economy. can you sort of give us an idea me basically studies at the moment are predicting that if the north stream one pipeline and every other a gas from russia would be stopping right now, that we might be facing basically
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a gap with in comparison to previous years with respect to the gas supply of about 20 percent, and that is after the ellen g temp terminals, sinew elegy, terminals are up and running. so we would need to use our gas demand quite considerably. and that is something that is pretty unclear so far. how far that will be possible, where it will happen, and which to which extent actually rising prices will play a role here and how far actually enterprises a companies can pass on the higher gas price to customers. presumably, a lot of companies may have to scale back production if they're heavily dependent on a gas. is that fair to say? that is fair to say, i mean, some companies might have the opportunity to switch, for example, to oil. some might be able to import things that they would need for their protection that would have been produced on a, on a previous level with,
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with gas. so for example, chemical companies producing and then be david using that production and imports of that particular items could come from somewhere else. but there's still a pretty, a very good notion to which extent that will be possible. all right is a huge topic will be following for the coming days. that was karen piddle. she leaves the fo, center for energy, climate and resources and joins us from munich. and andrea now pre, my colleague here in studio, thank you both for joining us. and if you're looking for more on this topic now, you can check out our youtube special russia's threat to cut off. european gas applies . our reporters go even deeper into some aspects of the story that we just heard there from andrea and karen. we also get into other parts, you may not be as familiar with. you can find it on the d. w. news channel alongside our other business reports
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are moving on a joint investigation by d. w. and more than 40 media outlets has revealed how ober, aggressively lobby governments, and potentially even skirted some loss as it expanded its ride sharing service. a trove of lea documents. so just the ride sharing firm hid information from investigators in the netherlands by remotely killing internal devices in its amsterdam office. another port also details the close relationship between ober and then french economy minister, a manuel mc hahn at a time when the company was trying to avoid french regulations. moran mc wrong gave the company direct access to his staff or at least louis is our correspondent pair. she joined me for more on this lisa. i mean it, in some ways is not uncommon for european capitals to mix very intensively into their own industries. and branches and even pick favorite companies in paris after all owns part of carmel careno. so,
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help me understand what is the scandal here when it comes to uber? well, many people here feel it was not morally acceptable for an economics ministers to stand by the side of an international company that they felt was a very capitalistic and want to take down french label or that's indeed what a some opposition politicians set today. they said, you know, he really became them on my car at the time economics minister as he said. and he became the lobbyist for a company that wanted to de rig regulate, regulate french labor law. and when you look at it, actually the situation of french taxes and even at the time was and still is very different taxi drivers about there, about 50000 licenses in this country. and one license can cost up to hundreds of thousands of years. whereas to become an uber driver, regulations are a lot, a lot less strict and they only have to pay
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a few 100 years and all the people here were rebelling against that and said french are prime minister french or you can nomics minister at the time and now president m m i call should have done more to protect our friends jobs and good jobs here because they taxi drivers have the other the possibility of becoming employees. uber drivers are only self employed. what have we heard from across camp about what's been reported in my my call has answered to the reports. he was off to be contacted by those carrying out the investigation. he said it was just normal to help some companies that want to disrupt markets to, you know, help them make a lift barrier so that they can operate freely over the, at the time. he was part of a socialist government. but even socialists form of president fossil, our loan that he had pledged to bring down unemployment here. she said you can hold me personally responsible and in political way if unemployment doesn't go down. and
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that was all obviously also what am i call? it was aiming act when he was cooperating, apparently, or helping. ebert a to, to develop the market here in france. he was hoping that thousands of jobs could be created. this is the conflict over over, over, over as explosive there to dares. it was years ago when this was really a big issue. i think it kind of has come down. people here have eased into the situation. they still a judicial conflict going on actually such as in other countries. court here has decided in 2020 that even needed to give it it will employees that are not legal employees at the moment, the status of employees, and that they no longer have to work as independent workers. but that decision still needs to be implemented and it looks like it's very difficult to get in for able to implement that situation. so the, the main focus of the conflict today is on how these workers,
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how the drivers of labor can work here in france. and what conditions they would get as a worker for either. all right, you to be correspond at least louis in paris. thank you very much. and finally, billionaire and hes lucio ill on mosque says he's no longer interested in buying twitter. mosque was in negotiations to acquire the messaging platform for $44000000000.00. he cited the number of spam accounts as one reason behind his decision. a twitter alternatively says his decision comes a little too late. it plans to challenge must in court. experts say they will either compel him to buy the platform or pay a fee for backing out. and here's a reminder of our top business story. today marks the start of the annual maintenance work on the north stream. one gas pipeline during the operation which takes place every year in mid july. russia has to stop the gas low for about 10
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days. this year, germany fears that it might not turn the tap back on. right, that's our show for more. you can check us out to check us out online. he w dot com slash business. to check out our youtube channel or the d. w. news channel. very much ah ah, with ah
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mission t columbus destination mccune with a complicated familiar with this plan with one of the most difficult complex and expensive research project. tomorrow today. in 90 minutes on d w. 2016 as like a bunch of the clean cut wants to see if germany with, for me the last few years have been quite arrive early in touch with averted on the home when it comes to gemma is. and of course, i always look right in the algebra kids, but perhaps the biggest on the new hobby of mine, i'm no longer approved. i want to be in the newspapers, americans. but when you're feeling altogether, you'll realize that coach is just the know the way of living. are you ready to meet the driver and then join me, right? just do it on b, w. ah,
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o. this is d w. news live from berlin. fresh fairs over germany's energy supplied raso shots down as the largest natural gas pipeline to germany for 10 days of scheduled maintenance. but, but in fairs, that cutoff could last much longer due to the war in ukraine. also coming off ukraine wont civilians in the southern region of hassan to flee as its forces prepare counter attacks, a rush mass try gun on a pop.

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