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tv   Business - News  Deutsche Welle  August 3, 2022 8:15am-8:31am CEST

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hi speaker, nancy pelosi met with taiwanese presidency in when during her visit to taiwan. it's the highest level trip to taiwan by a u. s. politician. in 25 years. china has announced an increase to military exercises off taiwan coast, aim response here watching dw news from berlin. there's more news on our website, d, w dot com. and you can also, of course, follows on social media. i'm pablo fo lillius in a few moments rob watts will bring you the latest in business news for me and the team take care out again at the top of the next hour. the lead of contrast of ambitions of inequality. 75 years ago, mahatma gandhi peacefully led the country to independence,
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full of ideals. what is remained of his vision? what's the status of human rights and social justice in what's called the world's largest democracy? we see the ahead. it is the pulpit tour unleash on violet bass and read. imagine that these teachings for relevance to gandhi's legacy starts august 6th on the w. ah. tensions rise as pelosi touches down the u. s. how speak his arrival in taiwan has invest is worried about what will happen next. is china against military exercises, off the island?
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if he is the latest oil major to post a massive jump in profit spoke governments act with their citizens, suffering soaring energy bills. and the cranium capital key, if was a, in the midst of a property boom, when russia invaded work of wants become of its war, struck housing market to city to be business on robots in berlin. welcome to the program. tensions arising between the 2 biggest economies, china had warned the u. s. against house of representatives speak at nancy pelosi trip to ty one. but on tuesday, that's precisely where she landed. us markets began the day lower on anticipation of the trip, which beijing had promised to match with a show military force. if he is taiwan as a breakaway chinese province and opposes international recognition of the government that speak. pelosi says her visit shows america's unwavering commitment to supporting tyrants, vibrant democracy must get more in this from our correspondent at the new york
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stock exchange, james sweeney. james excited, worried a us businesses about this rise intentions between china and the united states. there is indeed some concern from u. s. businesses about these escalating tensions between the u. s. and china mostly from us businesses that obviously are doing business with china because they quite frankly, don't want to bite the hand that feeds them. but to quickly put your note to quickly answer this, put yourself in the shoes of the u. s. business owner, you're doing business with china and the leader of your government for the 1st time at 25 years, enters taiwan. and china has already said that it warns of this visit being extremely dangerous. you might be playing with fire. and if you're a company doing business with china here, the us, that's something that cannot be looking too good in your near term forecast. especially with policies saying that this trip is to this trip to taiwan is to promote america solidarity with taiwan while also carry while also needing to
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express the concerns of china's communist party. remember, china is, is it sees taiwan as a breakaway province and had hopes the one they were, you know, with it, and even with the white house or billy, opposing any such trip. and president joe biden saying that the military assess of the strip is not a good idea. the trip has happened. so on paper, this is an interesting it, a bit of a hostile situation. and so the u. s. businesses are definitely keeping an eye on. and the reason behind this visit is that you just pull 4 of our is kind of vague, isn't it? has the united states got somewhere in the back of his mind when it makes a gesture like this towards china to towards tie one at the, the showing of, of his own supply chains in the region. well, if you're asking you for the you are, should be keeping an eye on those supply chains, come and st common sense would dictate that they should. now it's unknown of the u . s. is definitely doing it kind of broad, but you have to think that they'd at least have to be thinking about abuse. china is the topics border in the world, and the u. s. may have shipped the ton of soybeans, i think,
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14000000000 dollars last year, with china's exports to the united states. $76000000000.00 in cell phones. $59000000000.00 in computers. it's a bit of a big difference there. china exports important here, the u. s. market james, senior new york forest, thank you very much. marketing energy prices are causing misery, thousands across europe and beyond. but for oil companies, it's a different story. the soaring cost of a bowel of crude means they're posting enormous quarterly profits. b, p is actually the latest, and it's just said that his cutie profits are over 3 times what they were a year ago. shell recently faced the sagging 5 fold increase in profits. meanwhile, frances total energy saw its profits more than double american majors. exxon mobil and chevron both almost quadrupled back to, to profit. so these gains came with an oil, averaged tre price per bow of a $114.00. so i discuss this further. i've been speaking to terry boss,
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who's an ex, expert in energy at the 1st institute of political studies. i asked him if struggling bill payers had a right to be irritated by such big profits for oil firms. they can be irritated for 2 reasons and not on the are the street in the high, but i think you have to remember that this is the right ticking industry. so tonight profit, but you know, you incorporate that. we're making those profit. i think what makes people even more unhappy is the fact that poverty in europe is going to increase massively. so this is the, this is a huge difference between doing huge profit on one side and the fewer poverty that is going to increase not to be unfortunately in europe because of extreme high gas electricity prices and sort of populated content like that isn't good news for government, so are they going to fail and needs to act on these profits and then the sheer
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scale and yes, i mean, every government is willing to be reelected. so if you have people to be unhappy that tried to find solution, but again, i think we have to be smart in front of those questions here. i mean, the smart answer is what people are right. doing right now, i mean what governments are doing right now. i to tax a profit in each member aid, or even in one of the tasks turnover. i think what we are seeing is we could look at the, in a road passing and environmentally friendly way. and interesting enough to, to look at the refining, you're getting free refining to get 80 percent of that permit of you to emission for free and happy time right now today we use huge profit to say who's a company where nowadays you don't have to,
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you don't go just to give you a good number of what a trick the amount of those companies do get you to that level is something like 80000000 tons of free allowances to produce to emission. and this is equivalent to something i think point 5000000000 euro, but yeah. so again, it could be done at the level, which i think would be much smaller and much more efficient because at the end of the day after the pro been in a process where we practitioner in line with our climate target. so that's a long term vision for government to sort of take control of this through environmental. so if you, you think that's a better idea than, for example, a windfall tax that could have an impact, you know right now, and the people would see immediate. well, i mean, what i'm saying, i mean, clue back the free allowances overnight that possible. i mean, that's just one bit of and i think that's too much smarter than
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a wind tack because remember, when you're seeing what the thing is, the tree which is the producing of life. and then in this, it shouldn't be done in germany. one problem because we do not produce on it yet, but it should be done in producing countries. saudi arabia, the us, are russia. and so therefore it doesn't have much. i me give the green light for those countries to increase. i think we should add your level, what is not green and therefore look at the to mission we have and yet trading. we just need to close out or re analysis for the company. ok. tell your boss from sounds po in paris. thank you very much for joining us on the w fitness or ukraine capital. you've experienced a real estate boom in the years before russia's full scale invasion. that was high demand for new apartments and prices surged. now the sector is practically frozen.
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keith skyline is full of new high rise buildings, a response to high demand. as more and more people moved here over the past decade, they're simply weren't enough 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 searched 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 a growing neighborhood in the outskirts of keith. but it's been heavily shelled. most people have left to stop solutions on the ranger. everything is brand new here almost wide. a bit of work was done. i finished right before the war engine timor.
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luke golf, put 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 laura, compared to pre war prices, mine sure it's in limbo. vena 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. and on the sco millions face this dilemma, the longer team or weights, the more to price will likely drop through that. he says the war shattered many dreams. some ukrainians invested in construction projects that unknown hold. it's
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unclear when or if they will be finished. since may, it 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 say 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 v u e at san eliza buying, also phil to 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 to owners. rabbi chic uh. you need to wait. wait until there is victory because prices will go up again. if you're not forced by circumstances to sell for 50 percent less than what it's worth, you know, you should better wait about that. but nobody knows when the war will end for people liked he more, it's becoming increasingly difficult to hold on to his old life. he's old assets,
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if he wants to survive in my little business story with following for you this hour pensions arising between the 2 biggest economies. china had warned the u. s. against house of representatives speak at nancy for lacy's trip to taiwan. but on tuesday, as precisely where she landed us markets began the day loa, on anticipation of the trip, which beijing had promised to match the show of military force myself in the business same hearing. berlin from ody had ever taught website theater without com slash business on the data. we use youtube channel. so next time now does the cyber world make us sick? all these worries exaggerated. at what point to digital stimuli overwhelming to the blank count reality in the process,
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how to help me navigate the waters of a constant be connected road in good shape on dw, back to ukraine. geary cosen has no idea what is waiting for him in urban but the photographer has made up his mind. he wants to document the devastation and human suffering may accompany him on a difficult return to his home country, which is still at war. close up. in 60 minutes on d, w o, in in many countries, education is still
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a privilege. tardy is one of the main causes some young children walk in mind jobs instead of going to class. others can classes only. how did he finish looking with millions of children over the world? can't go to school with. we asked why? because education makes the world more just make up your own mind. d. w. made for mines with facebook, twitter, instagram, take talk. nearly 5000000000 people around the world use social media like alina, but she was bullied online. she withdrew into herself and became isolated. and ash, who doesn't want to be identified.

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