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tv   Business - News  Deutsche Welle  August 2, 2022 12:15pm-12:30pm CEST

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will have to worked out, we need more procedures to really assure that the ships can go there safely and pick up the grades for the work market values, but get her, she'll kill them. that's the news at this hour. my colleague, ben, cuz they're lynn is up next for the business update, followed by d. w. science magazine tomorrow. today, the clips that how scientists solve crimes both modern and pre historic. i'm on your campus and again and on behalf of the whole news team here. thanks for watching people in trucks injured when trying to flee the city center. more and more refugees are being turned away and the border families playing on the tax in syria to these credit owners with people lean extreme
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roscoe, $200.00 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee make up your own mind. w. made for mines. ah, ah, struggling to pay your power bill. you may have a bad reaction to this 1st piece of news. the oil major's swimming in record profits. a bit of water. thank in ukraine, which is the energy prices serge, along with the general living costs. also coming up will, liquefied natural gas help keep the lights on in europe this winter, or will it undermine efforts to mitigate climate change?
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and it's one thing to escape war, but you can't escape the downward spiral of a real estate market when a conflict drags on like a ukraine. a correspondent checks out the frozen property that i think is old. and let's do business with record high oil prices. consumers are feeling the pinch of the pump, but high prices approving a boon for oil companies as their latest earnings show. b, p said today it's 2nd quarter profit triple to over 9000000000 euros. several companies reported staggering profits last week. shell total energies. exxon mobil and chevron also posted blow out numbers. all these gains came as oil averaged, around $114.00 a barrel. a surge, partly due to the board, you will moscow's been cutting the supply of gas to europe. energy prices are exploding in the e. u wants to become independent of russian gas. i s a pay to do this. it needs to
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cut demand and find the other sources. there was largest exporter of liquefied natural gas is a stray via with $88000000.00 tons per year, followed by katara. germany recently agreed out agreed on an energy partnership with the emerett, the us exports, elite, 72000000 tons of a l. n g a year. well ahead of malaysia and southern e u countries. portugal land, italy and spain obtain large amounts from algeria. but to import liquefied natural gas infrastructure is needed, europe is setting up investments. it has a lot of catching up to do. germany is only now building it's for sale and g terminals. nonetheless, gas market analyst tyco lumen, says germany is coating quite well with the current trickle of gas from russia. if you don't, that still injection. the storage facility is ongoing. main reasons that
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the state is supporting this injection or they have that type of a special entity to do, especially as you do that injection and therefore the cooking, right? quite a while. so we're not and really prices models. but on the other hand, the very high prices, of course, a concern for everybody in the market to cure this notion concern for the future. economic development. what's going to be the case in the next few months? so when, when winter comes. yeah, i think it depends. of course, on some factors it depends on was on the weather, cold winter than the situation had become much more tight and depends on whether or it's continuing to at least supply these 20 percent. why are noticing one of this applying some wireless wiring trends? not a thing as the main,
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these are the main factors until at least the end of the year. and from the beginning of 2023 and william penn, whether you really will be able to have in place at least these 2 terminals, which might be decisive to have them and be able to secure really some additional lee for these tenants surprised some additional against germany that will, that would be extremely helping for having a more situation during q $120.00 see again, i think whether you saw it and of course, i think we still need of course as much demands reduction as possible. and of course, the very high prices are the best intended to save. guess the other thing is that l n g is harmful to the environment. so energy security in this case, trump's environmental concerns. of course, i think that will be an interesting issue for the,
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for the 2 children and already have raised concerns in particular for every location that i'm sorry, that means the, the construction may face some resistance from and why mental n g o. so we'll see how that will come out. there is an energy happening now in jimmy that shows improved to overcome these resistance. but of course we still have, we are in a legal state. that means we have of course, we have legal means to achieve ties. the center is $11.00 issue, and 2nd is of course everything that is related to defecting gas because most of the energy that will come to germany will come from the us. but as things for the time being that there will be no really discussion about tracking yet. i think if i still have 30 seconds, i would have some one additional point because there is $11.00 additional surprise
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source in europe. are there one or 2? this is indigenous production in the netherlands. i can potentially ramp up the production from growing from the running field. and again, as a question, how to balance environmental safety concerns for the for the population to more gas to prosecutor just is balancing that social high kaluan. thank you very much for the analysis. great to have you on the show. let's return to our top story on those oil majors swimming and profit. market analyst krager them can tell us more. are these oil giants profiting from the war they are. this is no doubt about that. they are making enormous profits be paid today, made it 2nd highest of the quarter profit shell few days ago. announce this highest ever quarter of profit, so there's no doubt that they are benefiting. but that is always the case with
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these all companies, when all prices are high, they send some of the most profits. when all price are extremely low, they'll make billions of dollars in losses. and it's just a fact of what business they are in. unfortunately, when all price a height driven by $2.00 things, one is high demand, which is one and economy is thriving and then it will attract less attention. or, you know, someone or price or extremely high, is occasions like now when we do have on the supply and we have a war in ukraine. and people naturally find that much more difficult to tolerate. so, should these companies be made to pay up? it's hard to say because i guess it depends on what you want out of this. i mean, it's easy to say that a lot of money is being given to shareholders as a dividend, but of see among their shareholders is things like pension funds and things like that. so you don't want to punish the stock too much, but, and also you want these companies to be leading the green revolution. and ultimately, if we really want to transition away from russia and reliance on the,
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on the states that may be perceived as reliable of unsavory them, the green transition is going to be a huge part of that. and there's been a lot of talk in recent years by accelerating that green transition. so i think what we need to be doing is while they're making these massive profits, one of the things that we need to be doing is incentivizing them to use these huge profits to accelerate their own investments in green projects and hopefully transition everyone away from reliance on the likes of russia. what about a windfall tax then i to ensure that happens or to at least help out consumers who are struggling to pay their energy bills. yeah, i mean that's obviously wanting has been looked at. i'm wanting this actually been adopted eventually here in the u. k. but linked to that when full tax was obviously a tax incentive or an incentive to encourage more investments and encourage more of a green transition. so i think that's 1. 1 thing that we can look at and the countries obviously will be looking at, but it like say it is difficult because won't you stop?
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where do you stop with these types of things? i guess. what are the industries, what are the companies? do you see is profiting from other people's, from other people struggling and therefore you start imposing when full taxes on all the industries as well when they're making huge profits. and then the flip side, again, is what happens when they're making billions of dollars. and in loss is a couple years ago the old price went into a negative trade territory, and there's no doubt, no one was feeling sorry for these all companies then. so it's also about trying to find the right balance between seeing these extraordinary profits and trying to redistribute them in and farish possible manner. but also at the same time, not wanting to just take the profits and let the companies to deal with the loss of children. and they'll take a toll on the share price. and then they'll be felt much broader sense and also affect their investment as well. which is we really do need them to be investing heavily in this green transition. if we are going to move ourselves towards carpet neutral and away from relying on russia. ok, we'll have to leave their craig earl and thank you very much for bringing us up to date on the situation there with oil majors and
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a possible winful tax. ukraine's capital key experienced a real estate boom in the years before russia's full scale invasion. there was high demand, your prices surged, but now the sectors practically frozen over as dw financial reports. keith skyline is full of new high rise buildings. our response to high demand as more and more people moved here over the past decade. they're simply warranting off apartments. and the mentality in ukraine is by don't trent, but it's mainly the middle class that can afford to buy real estate prices in. keith surged in recent years. but with the war can destruction and indiscriminate shelling. this building here was hit a few weeks ago. these brand new buildings are now only worth about half of their pre war value. they are located in hostile, which used to be
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a growing neighborhood in the outskirts of keith. but it's been heavily shelled. most people have left for the absolute most on the ranger. everything is brand new here almost wide. a bit of work was done. i finished right before the war engine. t more luke golf bought his 2 bedroom apartment in house, jamal, for 120000 euros last year, with financial support from his mother and relatives. due to the war timor lost his job as a sales manager, he needs money. but his apartment is now only worth about 70000 euros. on my whole toilet long people are only ready to buy an apartment. if the price is, for example, 40 percent lore compared to pre war prices, mine sure it's and lived over there for the year. says you have to sell your home to solve all your other problems. but you don't want to do it because the price is incredibly low on this car. millions face this dilemma, the longer team or weights,
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the more to price will i to drop through that he says, the war shattered many dreams, some ukrainians invested in construction projects. that unknown hold, it's unclear when or if they will be finished. since made is possible to buy real estate again and to make a real bargain. but people have mixed feelings about the market. yet i think that it is not a good idea to buy an apartment because the situation is unstable in ukraine. you? yes. if you have savings, i would buy an apartment because soon we will win and the prices will go up. i don't have a video e, as in elizabeth, buying also feels risky, as is unclear if the apartment will be still intact once the war is over. irina roman ankle is in the real estate sector, her advised owners, rabbi chic. i think you need to wait and wait until there is victory because prices
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will go up again. if you're not forced by circumstances to sell for 50 percent less than what it's worth and you should better wait what a lot that you got. but nobody knows. when the war will end for people act, you more, it's becoming increased to survive. nice doing business with you ah . is from the stony and figuring out the victims time of death. each case is always a thriller to morrow to day. next on d w. we've got some hot tips for your bucket list ah, magic corner track hotspot for food and some great
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cultural memorials to boot. did w travel off. we go with why do a professor and his students keep going to a forest to inspect dead pigs? what are the repercussions of our hunger for energy plus researchers, shedding light on a stone age who done it a welcome.

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