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tv   Business - News  Deutsche Welle  July 26, 2022 6:45pm-7:00pm CEST

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russian gas, the question is, can it be ready in time? and the vietnam war time design is making a comeback. sustainable sandals with a smaller carbon. this is d to be a business on robots in berlin. welcome to the program. russian energy giant gas problem has announced more cuts to gas deliveries to germany by its node stream one pipeline. from wednesday, gas flows will be hard to around 20 percent of normal capacity. the russian states for blames to move on technical problems with one of the pipelines turbines, different turbine. the one blamed the existing reduction in flows. the gym and government says there is no technical problem in moscow is playing a duplessis game. the criminal denies. it's deliberately limiting your gas supplies in response to sanctions regime using russia is not interested in stuff and remains a country that in no small way guarantees europe's energy security. and not just
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were believe. but if i could talk to you. well, let's bring in thomasville donnell. here is an energy antea political analysts. thanks a lot for joining us on data. we a business we just had from dmitri pasco fast saying russia helps europe with its energy security. but is there any doubt left that russia is using energy as a weapon against germany in the u? well, thanks for having me today. i'm you know, things are quite intense between germany and the rest of europe for a number of years. the rest of europe was saying, germany was sort of opening the fortress door to the trojan horse, and here we have it. we're very dependent on russia. yes, another good russians are weapon ising. it to support the war of aggression in ukraine. you can't be put any, any simpler. so basically, germany's allies have been warning then that this is going to happen and it has
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happened. but there's what now germany has to deal with the has agreed today to plan on how it's going to reduce its reliance on russian gas and its overall reliance on gas this winter. but is there a realistic prospect of germany just ending exports of gas to the you altogether that no germany has a very difficult situation much more difficult and say a country like spain and portugal who installed many l. n. g terminals years ago. yeah. in germany, the ministry, quite rightly mr. how back robert. how back says we have to increase now. storage by 758595 percent september october, november. but the head of the transmission system, the gas transmission system. mr. klaus murder has said 40 percent we sent this a couple of days ago or 40 percent supplies coming through. ne, one is not possible now with 20 percent, it won't be possible. furthermore,
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we have an over dependence on when that was not thought through. there is no real grid scale storage, although how that wants to agreed to bring out a massively coal to replace the gas is being used to generate electricity, which is sort of a waste. we need to save that for heating in winter and for industry. turns out the window not blowing and the right is low, the water you can't bring in enough coal. and so we're burning gas right now. we're supposed to be storing it to produce electricity in germany at a higher rate than last year. so it's a very difficult situation. i can't see how there won't be rationing in germany and a number of other countries this winter with, you know, great consequences. this is pollutants plan to divide to undermine the solidarity of europe in support of ukraine. economic war. we've got this latest cut from 40 percent to 20 percent, but at any resumed at 40 percent last week. i'm just wondering why has moscow decided to do this this week and didn't just do it from the start last week when
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they, they, they tend to fly back on well, you know, you're asking me to kind of guess what's going on. and mr. newton said, but i, i think i can relax, you know, i think i could say that, you know, who can afford to cut off the gas completely at any time. the amount of money he earns from guess is substantial, but far less than from exports of oil. 345 times less, depending on if you're talking about g d p or, you know, state revenues. so he can afford to play games with yes. and the other hand, europe is most dependent on russian gas. more so than oil is alternatives for oil can come by, see, there's no alternatives for other pipelines really in the short term. so this is his maximum pressure. instead of turning it off completely, he's playing a game. he said in trying to set people against each other. and right now i say his tactical aim is to prevent the storage from being filled so that when he does likely cut it off in winter, it will have maximum effect. and that that's how i see this,
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this current game. ok. so total energy analysts. thank you very much for joining us here on date of a business. now, in germany, industries that have prospect from cheap russian gas traditionally are now facing the prospect of having to do without so much of it. they'll be on the front line this winter if supplies are short with the government planning to prioritize households. the question is, can they prepare in time? this is bucker's. shimmy. the german multinational employees around 60000 people and is just one of the many companies in the so called chemicals triangle, in germany. southern state of bavaria cracking furnace is like these require massive amounts of energy and draw much of their power from russian natural gas. without gas flows in the proper amount, the company will struggle to keep production going. visits are a pain from at cost 0 found. we're dependent on natural gas because we run on gas
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turbines that generate our power and take care of our heating as well. if the supply stops, will have to stop the gas turbine and get our power and heat from external sources . and that would be a mass of challenging the bam under, by the thickness barrels esvito, the russian gas for this region, transits over ukraine for storage in austria, where it can then be delivered to bavaria. but moscow has been cutting down on flows through this channel. should russia completely cut off supply? vaca shimmies energy demands will increase, forcing it to generate heat with oil shipped from italy with us in them. and those are the steps would have to take to deal with a challenge. but if a gas stoppage come, suddenly, it will be very difficult to switch production methods. shelves with the company presents its new plans during a conference. it wants to pivot away from natural gas towards environmentally friendly hydrogen. this only requires water,
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but also green energy from wind and solar power. and electrolysis plants split the hydrogen and oxygen for use. in theory, it's a solution to using gas, but only in the mid to long term. and with considerable investment the company is retraining, its employees to make the transformation possible. a local university will offer a new major focusing on hydrogen engineering. i kudos degrees in currently, this crisis is a threatening scenario. but i think that it again demonstrates that how we need to complete this transformation process that we've already started, even more determine than before. notional among the snow cons event them optimizon, chemicals companies have made this part of bavaria, especially wealthy, over the years. now they need to adapt to an energy landscape shifting beneath their feet. now let's take a look at some of the other business stories making use round the world. lufthansa
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says it's canceling almost his entire wednesday flight scheduled at its frankfurt in munich hubs. the verde union, which represents $20000.00 ground staff, has got a strike across the board. as it pushes for above inflation pay increases consumer confidence in the u. k. his slips to a record low as the country faces of 4 decades. high inflation rate of 9.4 percent for supermarket sales are falling and 9 out of 10 brits say they're increasingly keeping tabs on their spending. according to a po, bi market research firm nielsen. chinese e commerce giant ali baba will apply for a dual primary listing on hong kong stock exchange. the move could lessen disruption. should us regulate as d listed from wall street. chinese companies are facing increased scrutiny in the united states, as all authorities try to bring them into compliance with the local auditing rules . of it, ma'am,
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is one of the world's top 4 countries for shoe manufacturing, much of that is down to factories pumping out pairs for big brands like nike and added us. but a fashion revival means some shoemakers are putting their hearts and souls into a revolutionary design. a new trend is gaining traction, rubber, sandals like these ones are becoming fashionable again. the sandals were 1st made in the 1940s during the indo china war against the french. they were crafted from ambushed military truck tires. to day, they're made in a variety of styles to appeal to a much wider audience. oh good with that my. the mama, i want the rubber sandals to become part of our heritage. but notice how they're one of the unique products of vietnam i on it. and foreigners will mention them
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when they're visiting our country. we got a whole new level. the sandals were popularized by former revolutionary leader, ho, she min and by viet cong soldiers. during the vietnam war they became a symbol of the communist states resourcefulness during war time. now, during peacetime, they've come to represent sustainable design and reducing one's carbon footprint. oh no, that'll go. we loads up. oh, i myself prefer handmade sandals. mendoza because they're cheaper lam when they buy . tell us what we can use old tires to make the rubber sandals cool with a body of course big we can just as easily make rubber sandals from new rubber bumper, but then we'll to price out a much higher than that. that's it. but go back in 10 kuanz hanoi shop,
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a pair sells for around 10 euro. his brand has sold more than half a 1000000 pairs since he took over his father in law's business 11 years ago. for a small young company, that's quite a feat. back to europe. now for years, venice has complained about over crowding during tourism season. now it's doing something about it. the italian canal city will start charging tourists. a fee to visit will also require visitors to register before they arrive. officials say it's necessary and one of the world's most popular destinations, some $20000000.00 people visit each year. it's the 1st city to charge an entrance fee which will be between $3.10 euros. just time for remind about top business story this our russian energy giant gas promise amounts more cuts to gas deliveries to germany. wednesday. gas plays by no one stream. one will be hobbs to around 20 percent of normal capacity as from blames,
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the move on technical problems with government says there are no technical problems . moscow is blank page to place a test game, something that criminal denies. that's all for me. the business name, hand berlin, for more to head over to our website, or the d to we can use youtube ton of the next time. ah ah, with ah,
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mm. ah ah, this is dw slide from berlin, b, e. you agreed to reduce gas consumption and prepare for a total cutoff minutes to sign off to production targets to say preserves for the winter brush or is flashing deliveries. germany's energy minister goals that economic wall greek fire.

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