tv Business - News Deutsche Welle July 12, 2022 1:15am-1:31am CEST
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because a mind, a technical issue is discovered that cannot be repaired and we can assume that this is a pretext to keep the pipeline shot before. my goodness. the maintenance work is scheduled to last for 10 days with no gas flowing through its most important pipeline. germany is waiting nervously to see what happens after that. you're watching he to be news live from berlin. next up is business news with christy plots. and remember there's much more news on our website. that's d w dot com. thanks for watching. we're all set to go beyond the obvious citizenship amend. we're all in as we take on the we're all about the stories that matter to you.
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whatever it takes. policeman following with w. fire made for mines with any issues with thoughts they will grade. he will, we will be ah, germany, braces for a cut off to natural gas deliveries. rational supplier gas prom has stopped flows on the biggest single pipeline running between russia and germany for maintenance purposes. now berlin fears the company won't turn it back on. also on the show
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revelations about manuel macro close relationship with ride sharon king over cause an uproar in france and summer vacation has turned into a nightmare for travelers and airports alike to deal with a staffing shortage. germany is looking abroad. this is dw business. i'm christy plaza in berlin. twitter shares lost over 70 percent of their value on monday after billionaire and tesla ceo, ellen musk said he's no longer interested in buying the social platform mosque, signed a deal in april, agreeing to acquire twit twitter for $44000000000.00. now he says the company is under reporting the number of fake accounts on the site and that the deal is off. now twitter denies the accusation and says his change of heart is too little too late. it plans to challenge must in court. experts say he will either be forced to buy the platform or have to pay a fee for backing out for moral. let's go to new york and young quarter at the
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stock exchange. now young must already agreed to buy this company back in april. how much of a case does he have to get out of the deal at this point? well, to 2nd degree, there is always da, tim, how many accounts are fake or made or created from bought. so this discussion is not necessarily true, but to twitter. i mean, they came up with a number a couple of months ago, and so now obviously milan must says that is not enough. so this is the one side of the modality. and if you look at it from the other side, i mean what, why it didn't, must come up earlier before signing the agreement to buy a twitter earlier in april. so at the end of the day, it might be the courts to have to decide if mouse has a case and yes or no and who knows, maybe they will also it settlement besides the court. but one thing is for certain
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there is a lot of legal stuff going on in the next couple of months. well, yeah, i'm glad you bring up the courts because this is something i want to know about. i mean, how likely are they to actually force him to pay $44000000000.00 for a company that he doesn't even want? well, i mean, it has happened in the past. that court actually decided that the company has to purchase another even if they try to step aside the type of food, for example of what's going to an example like that. but then the purchase price was $3000000000.00 and not $44000000000.00. so i'm personally a bit skeptical that the court will basically really tell you must know you have to buy a twitter for this $44000000000.00 and then maybe also want to give you a little bit of an idea how likely it might be that twitter would be about $444000000000.00. i mean the stock by the end of the training session on monday,
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a drop by 11 percent. so in february, in april, when i decided to, to buy a twitter, he offered a $54.20. now the stock cost less than $33.00 a piece, so at least wall street things too, or is obviously not really betting that the courts will force masika to purchase a twitter for $44000000000.00. a lot of pessimism around twitter today. yes. quarter. thank you so much for that. well, russia's gas prom switched off its largest natural gas pipeline running to germany on monday. but this was for scheduled annual maintenance, but the big question is will they switch it back on germany and fellow you countries are warning utility and other companies to brace for a possible complete halt to gas flows through nordstrom one, even after the 10 day repair period. the nord stream drama appears to be pushing
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the german government to undermine its own sanctions regime. at berlin's request, canada has now temporarily waved its export restrictions on a gas turbine that seamans was repairing at its facilities in montreal delivery. and the installation of the turbine, which russia says is critical to restore and gas flows, could force you to partially lift its own sanctions on russia. well, that in turn has drawn the ire of ukraine. meanwhile, germany is looking for other ways to fill the gaps left by russia, but some solutions are more comfortable than others. germany consumes one trillion kilowatt hours of gas per year. the lion's share comes from russia. since the invasion of ukraine, germany has been desperately trying to win itself off russian gas. when the war began, germany received 55 percent of its supply from russia. german politicians and officials met with counterparts around the world to rapidly diversify its sources of gas.
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economy minister or robert havoc travel to could tar in march. the country is one of the world's largest exporters of liquefied gas. it agree to an energy partnership with germany, to help develop alternatives and expand terminals for the fuel. the german government move to the early warning stage for the countries gas supply by the end of march, saying it was a precaution in case supply diminished. by april, germany's dependence on russian gas fell to 35 per cent. the russian energy supply was replaced by gas from norway and the netherlands in mid june. russia cut gas supplies to several countries up placed it under sanctions, including germany, hobbit responded announcing the 2nd level of the emergency gas plan. he also made an appeal to industries and consumers to reduce consumption and even for consumers
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to take shorter showers. then came germany's energy security act at the beginning of july, paving the way for the state to come to the aid of ailing energy companies. the act protected companies from bankruptcy and consumers from going without energy or whether travellers are going through security or dropping off a checked bag. there are long wait times nearly every day in key air travel. hobbs like amsterdam, london, frankfurt and diesel dorf. air travel is increasingly becoming an adventure unto itself. it's vacation season in germany. something that's impossible to miss at berlin airport with thousands of ali day makers crowding up in the terminals. passengers should expect not just to bring their bags along for the journey, but a whole lot of patience to finish prisoner. we hear there are enough staff there unprepared. formulated. it's a bit much little surprising because even in the u. s. is not this bad,
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but the cues at some other german airports are even longer in dusseldorf. travelers could be in for a 5 or 6 our way to get through security. a problem that as black, the airport for weeks. that's because many of the agencies who hire airport stuff and run services reduced her personnel during the pandemic. and now they're struggling to hire them back. in berlin spokesman yon pita hoc says de staffing problem now has a strangle hold on all companies in deviation industry. it's called military, so now we need the staffing levels that we couldn't keep up with through the pandemic. and please have to be rehired. they have to be trained and of course they have to undergo background checks to work at an airport or in flight operations. that takes time to come through. you can't ramp up stuff numbers overnight on the side. the flight mechanics from hood of monte cristo who phantoms, zen baghlan, has a trade union for aviation industry workers. he says the service providers are in
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hiring the numbers needed to keep up with the man, because they're more concerned about profits. there are these assassins. these lines show the chaos in the industry. yeah. a year ago we warn that to staff reductions were going to impact us. we're facing a shortage of 20 percent. is, is in an industry where wage dumping has prevailed for over 20 years. we have a lot of employees and low wage sector loans extra. the german government wants to bringing thousands of workers from abroad to help the lab or shortage. this new work is would be sent to whichever herr ports are in need of staff. yet, by the time this employees would be ready to be deployed after training and checks, the peak ali they season might already be over. a leaked trove of confidential files has revealed the inside story and how the u. s. tech giant goober flouted laws, duped police exploited violence against drivers and secretly lobbied governments
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during its aggressive global expansion. the guardian reports that the so called over files contain more than $124000.00 documents, which also named several prominent business leaders and politicians. neeley cruise is not getting a 5 star rating these days after she left her job as the european commissioner for digital affairs. she was explicitly banned from taking a position at cooper, but she did so anyway. cruise used her old contacts to lobby on behalf of uber, pushing to ease labor and taxi laws all over the you. i think i have chronic if it's wrong because she breaks the rules for an e u commissioner, and she's going to lobby for a business while she just held a public position within the european commission. that's bad. it's informal while she asked for permission and didn't get it yet. she continues to lobby anyway. dormitory via the leaks also show that french president emanuel micron held several undeclared meetings with uber executives. while he was economy minister from 2014
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to 2016. was his uniform, the opposition in parliament wants an investigation. wilson, the commission of inquiry from the national assembly will be able to question people in order to confirm what's true and what isn't in these cubic documents. but the legalization of uber sparked protests by taxi and labor unions. messages from the former oversee e o. travis colonic shows, he saw violence against over drivers in france as a way to gain public support for his tech company. according to the leeks, he texted violence guarantees success. the strategizing didn't end their uber also used a so called kill switch in its offices in several countries, which cut access to over servers and blocked authorities from grabbing evidence during police raids. in a statement hoover acknowledged mistakes but laid most of the blame on previous
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leadership. and a reminder of the top business story we're following for you this hour. 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 flow for about 10 days. this year. germany fears moscow might not turn the top back on. well, that's our show. thank you so much for watching. have a nice night. thank oh, they fled because they reject cutie oh and his war russians in georgia. ah, more than $40000.00 russia is found refuge in neighboring georgia since the war began
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listen carefully. don't know how will you miss to the ago? ah, feel the magic discover the world around you. ah, subscriber to d, w documentary on youtube. as news of the butcher massacre comes in, crowds gather for a vigil outside the ukrainian embassy in tbilisi, the event organized by russians living and georgia. i. russia has a.
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