tv Business - News Deutsche Welle August 4, 2022 12:15pm-12:31pm CEST
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being the only country but mothers switch early to infant formula. the world health organization says that across the globe, less than half of all newborns are breastfed within the 1st hour of birth. or drink breastmilk exclusively for the recommended 6 months. that you're up to date, business is coming up next with my colleague, ben to susan. and remember, you can find more news on our website at c, w dot com, or follow us on social media at t w need. you need that. i'm and you can see mckinnon. thanks for watching and have a lovely day with let's be honest. summer break just doesn't really mean
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much does it without the bundis league? oh, well, don't worry. it will all start up again as soon as legal football, action goals. all in on kick off starts august 9th here on t w. finally. ah, properties of war, one of the few german firms to stay in russia refuses to go or find out why in a moment. and if a windfall profits tax would change, executives might and now that the chinese can build their own driverless cars, what need is there for tests or in their laps?
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i've been fas. will that let's do business. many european companies have withdrawn from russia since it launched its full scale invasion of ukraine in february. but not the german energy company been has high dia, it's making billions and profits in cooperation with the russian state company gas from 1300000000 euros. the 1st half of the year, the company wants to stick to its projects and russia. a criticism is getting louder. a year ago, winters high, dia uploaded video to youtube. in it, the gas production and cooperation with the russian state on company gas. one is still price and the highest tones, winters held their and gas from proudly announce 1st gas for their mega project, a chin developed. this came years after russia annexed crimea, and as its proxies occupied, ukraine's don bus region. but pollutants, aggressive policies didn't stop the company from continuing to pursue as economic
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interests as early as 2014, entirely in line with the german government official policy. as high as yet, it's now a matter of building bridges, not tearing them down at because the company has numerous cooperative ventures with russia. the most important of those, the joint exploitation of the nor the lingo, august field in siberia, together with gus from vent us. how dia is also involved in the notes room $1.00 and $2.00 pipelines only now, has the company announced that it will no longer start any new projects, but it wants to hold on to the old ones. it's argument. if the joint ventures are abandoned, everything will fall into russian hands. those will joins us from global witness and international angio that works to break the links between natural resources, exploitation, conflict, poverty and corruption. let's talk fx, ah, how ethical is it to be operating as a business in russia with
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a wall re jane ukraine right now? well, clearly many businesses have already made that decision. and the most extreme example of this business is operating in the fossil fuel sector. we know there's a direct link between fossil fuels and putin's ability to wage war and to carry out war crimes and venture shall have been a key part of that machine. and it is completely inexcusable. from an ethical point of view. it doesn't make sense in the long run from a financial climate point of view. and so into shells, current position that the only way to proceed is business as usual, just simply doesn't stand up to the facts. what about it's argument of resources and infrastructure pulling into the hands of reference? well, the damage is already been done. it's quite clear that vin,
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to show over a course, a number of decades set out to build up rushes fossil fuel infrastructure. it set out to build up germany's dependence on that and the argument backs to leave. russia would simply hand over a few 1000000000 years to the russians. doesn't stuck up. and then shell has made quite enough money out of brush road, the, even just this year, doubling profits on it gas. we are research like $400000000.00 euros for russian gas in the 1st 3 months of the year. they were serious about the statements that they've made. they would set up a fund and use all profits from russian gas to, to help from the reconstruction of ukraine. but they're not serious about it. so, how much is it putting its corporate reputation at risk? because i could imagine the damages could go a lot further than what it's making there at the moment in russia. well,
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the history will judge into shall, and all of the companies the continued to trade russian fossil fuels after putin's invasion. the problem for them to shout is that ukrainians and other actors may not leave it to history to judge them. and there will be measures taken our measure being taken right now to try to hold companies accountable companies that have continued to proceed profiteering and who continue to fund the. ready war should look very seriously, not just a reputation, but also whether they can be held accountable for what, what about can i jump in there? what about holding them accountable by letting them with a windfall profits tax, for example. well absolutely, and i think you can see across europe growing demand. ready for some kind of restorative tax measure, the oil industry alone has made 3,
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has made $2800000000.00 a profit every day to the last 50 years. so the money exists to fix the, the crisis that we're in, the money exists to start the renewable energy transition and to subsidize those energy bills. the people are currently suffering with. it's just in the wrong hands . and so clearly politicians are going to find in this the most difficult winters for europe that they're going to need to go and take that money back from the companies that might in 1st place louis wells and global witness. thank you for putting all of that into perspective profits that lufthansa have taken off for the 1st time since the pandemic began. a german airline owned 259000000 euros in the 2nd quarter. boyd by freight operations. this will be irritating, used to many passengers who st. chaos at airports this summer. lufthansa cancelled thousands of flights and recent weights and difficulties are likely to continue throughout the busy travel season. lufthansa was recently brought by a ground staff strike with another from the pilot's union on the horizon.
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andrea's spit specializes as a journalist writing on the 2nd. why does look hands they continue to struggle while other german carriers are doing much better even taking on laid off lufthansa stuff as always, this is many reasons. and one of the last 100 definitely didn't mistakes. admitted that they actually did cost cutting too much and actually they also miss estimated under estimated the the come back of passengers and like even like a few months ago basically like last winter this unhappy ago. and it was still kind of cutting stuff. they were having special contracts to kind of give people gordon had to take to the company would say now would have liked to come back, which doesn't happen. how do you underestimate something like this? i mean, when everyone's been starved of their holidays for, for a number of years,
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everyone is going to want to go on holidays again, all at the same time. that's a very good question. i asked them and asked myself the think question they've missed. they missed just because of course they always, always that of course probably both back to everybody. what was expecting that? but apparently they're not expecting how quickly it came. and the actually cutting this off the soft base too much, especially in the lower salary categories, where it's now especially hard to get people back, also as qualified, and then take some time. what's the difficulty with paying them a little bit more? that could be an incentive yeah, that's happening now. and then if you already admitted that they're willing and they have to be willing and they are willing to pay more, the lowest salary income areas and but overall, the mood of all the funds of stuff is really at bottom point. and that even before of it, and that means that the money is only
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a small aspect of the current strike that's threatened by pilots and ground stuff. and so this money will probably not be a remedy for everything. problems. and despite all that cost cutting you told us about, would you say, lufthansa has become more streamlined in any way they have to, but i know it's pretty falling on their feet because it isn't a wrong manner. and it's interesting that now the province then showing this thought today, come, don't come from the present or business. they come from cargo and from technical business, which is interesting, which is also very telling and away. so they still have to struggle to come back in the business of passengers. as we see the current situation. i know one of the things that isn't in the the rate, even financial term, really briefly, can you tell me when i can book that holiday abroad without worrying about whether or not my flight's gonna be cancelled? yeah, i think if you do that outside the main holiday season, they probably for september, october might be already a bit better. but officially, lot of times of germany also saying it won't be any better than really
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a big way this year that might be next year. me really relaxed in booking at almost any time and not expecting that problem. okay. you had it from under the spirit specializes as a journalist, writing on the sector. interesting stuff there. lufthansa, sometimes you can cut off a bit more than you can chew. thank you. thank you. to another interesting story. chinese search giant by do has become the 1st engine or search engine in the country to roll out, driverless cars on to public roads at the same time, teslas have been banned in some parts of china, allegedly on security grounds. observers say it's another example of beijing inviting in foreign firms, copying the tech and then expelling them. china's driverless cars seem to be going from 0 to a 100. this one is an s u v,
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where the driver and even steering wheel are optional. search engine turned a i developer by do unveiled the model just last week and some of its older models are already being piloted on beijing's roads to les his founder of sino auto insights, a beijing based auto industry consultancy for when we talk. moreover, taxes that still far away out. he says that chinese companies want consumers to get familiar with the cars by 1st offering them as right. hating services like uber or dd except robotic. but real life hazards could delay full commercialization by many years. specifically in china, there are a lot of scenarios where we wouldn't see them in germany where we might have a cell unsure or delivery vehicle or a motor bike that's crossing lanes without the proper notification and things like that. and so we're still quite a ways away from point to point where you call
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a car like a devi. there's no driver in it, it picks you up and it takes you anywhere you want to go in any weather in any season. the data they collect ranges from mapping to voices and visuals like faces and license. plates collected by on board cameras and sensors, including around sensitive areas like military zones and government agencies, underscoring some of those concerns. china has been barring teslas from parts of the country that top chinese leaders visit. in this regard, chinese, driverless car makers may be better poised to dominate their home market. if an lamb is senior analyst at hong kong based counterpoint, research a chinese car maker, they are very good. ah inter great us. they are, will, can they have that these? are the ah service provider? or are the solution provider? they will like to say are the cause, you k state install your seat, them in the local, into my car. even if foreign players can adapt to chinese data laws, it's still unclear to what extent they can make significant inroads. what you'll
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likely see the buy for taishan chinese companies and, and american companies dominating in their perspective loan regions and then may be competing for regions like europe, south america, with rollouts, of autonomous vehicles now happening in both china and the us. the battle for tech supremacy could be moving into the streets. i think it already has. i think business with you about ah, toe indian india cities living bigger and bigger and the heat is getting worse and worse. what can be done? and farming? plants health cool down the climate in low income families can grow their own
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vegetables. a true win win situation. he took india next on dw, we've got some hot tips for your bucket list. romantic cornered, tread. hotspot for food, chair and some great cultural memorials to boot w travel off. we go ah, ah, spending time in nature has been proven to have more physical and psychological benefits for.
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