tv Business - News Deutsche Welle July 20, 2022 8:15am-8:31am CEST
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in capital columbia, mary, you're following those developments for us, and we'll check in back with you at the next hour when we have our next bullets. and we appreciate it. just a quick reminder of the top stories that we're following for you. europe's heat wave is rubbing with new record, high temperature is expected in germany today. climate scientists say that the stream weather is a wake up call and that the worst is yet to come. if we do not stop burning fossil fuels of just cold, i'm sarah kelly and for lender up to date now on the that the it is. thank you so much for watching. take care. people and trucks injured when trying to free the city center more and more refugees are being turned away at the border. families played on tags in syria to these credit owners with people fleeing extreme around
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getting 200 people from the june around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, was it a false alarm for europe? russia is now expected to restart gas exports by a north stream, one on schedule, after shutting it off for maintenance. but european leaders aren't taking any chances. also on the show, after losing many subscribers this year,
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netflix says it's ready for growth. we'll talk to our correspondent on wall street and it's a growing market literally here how german businesses are preparing to capitalize on the greater need for weed. this is dw business, i'm christy plots, and in berlin, russia, natural gas deliveries through the north stream. one pipeline are now expected to resume thursday after the completion of scheduled maintenance. that's according to 2 sources. familiar with export plants who spoke with writers. russian energy giant gas from had previously said it could not guarantee gas deliveries due to quote unquote, exceptional circumstances. the pipeline supplies more than a 3rd of russian gas exports to the you earlier or european commission spokesman said the block is making sure it's ready if russia does. in fact cut off gas taps and coming months. what is clear is that when we are preparing winter contingency plans, winter preparedness plans, we base ourselves on the worst possible scenario. and this is absolutely obvious.
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the president has said it, the commissioners have said it, everybody has said it. what is the worst possible scenario? it is that and the so for has to be our assumption based on our platform planning that there will be a full disruption on by gas from whether it will happen or not. who knows? net split, netflix shares rose an after hours trading after the company reported better than expected results. and last fewer subscribers unexpected. during the 2nd quarter, the total dropped by around $970000.00. less than half of what had been anticipated . netflix is upbeat about the current quarter, expecting to return to growth and add a 1000000 customers. while for more on these results, let's branyon quarter at the new york stock exchange exchange. yann's, netflix has been bleeding users this year. what is the company doing to turn things around? they sound pretty helpful now. yeah, christy,
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it has been the 2nd quarter in a row that netflix is losing subscriber sent that try to solve this for some customers with an ad supported program. i mean, you can still for the regular price, get netflix without an ad, but you can also or will probably be able to sign up for a model that is an ad space and then you'll pay less to another big issue. it's also sharing a password. so they want to crack down on that. there are some try runs already in south america. and then at the end of the day, it's also content content content. so we've been quite successful with their strange things. so for example though, but at least in the last quarter, things weren't as dim as expected by many analysts. right, well they have been expecting things to be pretty done because netflix market valuation has gone from $300000000000.00 to under $90000000000.00 and less than a year. what went wrong over those months?
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yeah. well, i mean, christy, if you look what happened in the 1st water, the day netflix reported unexpected, then the stock is dropped like a rock by more than 30 percent since the beginning of the year. the stock is down by almost 70 percent. so i mean that some subscribers are diminishing. i mean that clearly is an issue. then also you have higher costs. partly because that does cost money to bring content on the table. and then also, i mean, you have all this competition in the streaming area and that's not going to get better. but the competition is rough. so there was a lot going on in that area. and we will see if netflix is really going to be successful. let's say with the ad supported system or also cranking down on pad for cherry corps to thank you so much for that now to some of the
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other global business stories making as well. sticking with tech, amazon is doing people who leave fake product reviews for products on the platform . a major problem flagging the e commerce giant. amazon has filed a lawsuit against the administrators behind over 10000 facebook groups, which are reportedly used to recruit people to write fake reviews. a delaware judge has ruled that a lawsuit filed by twitter against billionaire. you on my will proceed to trial in october. it was the 1st hearing in the legal, tough, all over, must abandon $44000000000.00 deal to buy twitter. the social media company wants to force him to complete the buyout as a s and the scan and avian pilot unions have settled a wage dispute. and then a 15 day strike, the scanner may be an airline announcement, reach an agreement with all pilot unions and can now resume normal operations. the parties have agreed on a new collective bargaining framework for the next 5 and a half years. germany is expected to become the biggest
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cannabis market in the world over the next 2 years, plans to legalize the drug are pressing forward. despite concerns over the health impact ministers say the law will put safety 1st. when it's passed, it'll create opportunities for businesses worth billions. a fledgling business is going mainstream as healthy alongside for a long time. the belief was that then in cannabis woodstock consumption cannabis alchemy stacks and it would only consume yet road. now the belief is there is legitimate money and jobs in it. as i'm euphoria is extremely high, especially among the many people who want to start a business in the sector, the bose einstein going. but how easy is it to set up a cannabis company, like demi con, need to waste in parts of thirty's, 3 mates from uni. quit that job, submit everything they had on growing the perfect strain of lady jane for medical use from taking your cutting to harvest is about 100 days. but within the 1st 20
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days, the, the plan basically doubles in size every $3.00 to $4.00 days. would in mind that every day, ah, my goodness is like christmas, christmas trees that is mel is absolutely amazing. it's like a forest because we have an h rack system that can control humanity and temperature so well, we can grow the plans to this size without mold. if you were to have this kind of a flower that is so huge and they will grow even grow even larger than that, they would mold and a greenhouse. it allows you to grow all year round around 25 hours this for you. and it also allows us to grow completely free of pesticides and we also grow completely free of heavy metals. as you can see, these guys have a massive head start on the recreational market. once the laws change, we invested probably around $20000000.00 euros. investing in security was one element and investing and high tech and deseeno pharmaceutical environment. that
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was just quite costly. they're not profitable just yet. that is an estimated 4000000000 euro market waiting for them in germany alone. james patrick wants to make use of his pharmaceutical platform to supply weed from abroad to regular consumers to he says creating his own strain was i think it best if i would tell you it was super difficult, which it was a time frame of 12 to 18 month and a cost factor between half a $1000000.00 euros and $9000000.00 euros. you could always grow your own. the government may allow 3 or 4 plants per household. is ben, i'm confident that germany will see a flourishing cannabis sector with the come at the black market. oh, dear book. it'll dry up in the medium term glee, at least that's what we're hoping for and was hoping alum cannabis could even bring
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come to the planet for very sure. this plan creates a better world or staying in germany. climate change comes with a cost. and in germany at $6600000000.00 euros per year since the year 2000, a report commissioned by the country's economy ministry highlights the annual economic hits of climate related damage and germany all over europe. the effects of climate change are evident in heat waves and droughts. wildfires heat, waves and drought warnings have engulfed the european continent. this summer alone temperatures in many countries including the u. k. romania and spain search to record highs. researchers at the european commission warned that almost half of all e territory is currently at risk of drought. the hardest hit region is italy and in spain. water levels are far below the 10 year average as wildfires reach,
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i left her my country under fire. literally under fire, more than 20000 actors have been burn december last 3 days. more than 400 casualties. ear are being caused by these say heat wave, the 2nd heat wave in less than a mouse. the heat wave is affecting crops and agriculture the most. and rising temperatures will impact energy and water supplies as well. the report says in southeast europe, croatia has placed water usage limitations in the history up and insular officials are advising people to use less water for our appellate. i'm one us, we appealed to our fellow citizens as well as tourist eyes to reduce their consumption of water. i believe it will be a good indicator in a few days for the water management that measures have been effective. and we will avoid the 2nd step of reducing supplies and what we track of the week work with
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firefighters rushing to contain flames and the cost of climate change climbing each year. many are very, the situation will verse. and in the coming years was 3 years into lebanon's, economic mel, town, entrepreneur to mara, her re, re, has launched an online venture, selling bouquets of cash. flowers are expensive in lebanon. so she thought this was a great alternative. the cash bouquets are made of lebanese pounds or us dollar bills, and the price is based on the size and the currency. instead of real flowers, the cash gift can be a welcome surprise and help recipients during these difficult times. and a reminder of the top business story we are following for you this our russian natural gas deliveries through the north stream. one pipeline are now expected to resume thursday after completion of scheduled maintenance russian energy company gas prom
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had previously said it could not guarantee deliveries due to quote unquote exceptional circumstances. the pipeline supplies more than a 3rd of russian gas exports to the u. well that's all we've got for more. you can find us on our website, d, w dot com backslash business results. the d w knows youtube channel and you can also find us on facebook for me and the whole business team here in berlin. thanks for watching with in good shape. pot potter peak. we know what it does to the environment. but what's happening to our body?
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climate change increases certain health risks. but the son can also do a good, good shape. on d, w, a sweden, a nation rehearsing disaster survival training, full family in stock, piling for emergencies. first aid course in sweden, fear of russian invasion is rising. the population is at home to prepare for a christ sweetest prep kluso. in 60 minutes on dw, ah, ah, a man with the memories of a woman. ali from syria is born in
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a female body, forced into marriage, great to his escape will be the journey of his life. far from home, ali can finally become the person he's always wanted to be on the spur, badly elementary credit that we'll go through with it. i was born in berlin. he starts july 22nd on d w. the sun warms up and lights up our planet. ultimately it's what makes life on earth possible but it's been getting hotter for decades now as a result of climate change driven by human activity india and pakistan.
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