tv Business - News Deutsche Welle August 5, 2022 1:15am-1:31am CEST
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i was back to the scene of the explosion. i was afraid again, that's justice way. if lebanon fails to provide answers, rights group say, don't seek justice through international pro. you're watching the w news live from berlin. reminder, you can't find much more news analysis and video on a website that is d w dot com. coming up next is all the latest business with my colleague rob watts. i'm really mohammed, as we're watching, take care, bye bye. ah. people in trucks injured when trying to flee the city center more and more refugees are being turned away at the border. families play on the tags in syria for these critical illness with administrative people lean extreme ground
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of getting 200 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. d. w. made for mines. ah ah, the u. s. is selling to the world. exports from the states have hit a record high, a mid strong demand for its oil and gas, but how much can we read into it about the status of the u. s. economy? german energy firm winters has resisted pressure to pull out of russia. the war.
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how long can it keep working with the russian state and driving less cars are taking the china streets? does the home grown technology mean? there's now no room for tesla. this is d to be a business. i'm of what's in berlin. welcome to the program. you figures show us exports, hit a record high in june goods and services totaled over $260000000000.00. that's up 4300000000 on mays figure, which was itself or so. record sales of oil, natural gas, gold, and aircraft contributed to the rise. the u. s. also narrowed its overall trade gap for the 3rd consecutive month. however, a surgeon import sorts trade deficit with china. rise to a new record. let's get more in this from our correspondent at the new york stock exchange teddy australia teddy just explained to his walks behind this record level
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of exports from the united states. yes, rubble the exports. i certainly contributing to this extraordinary shrinkage in the trade deficit here in the united states. what seems to be driving it, our energy and food products, primarily that's industrial supplies and materials such as natural gas or petroleum products. but we've also seen an uptick and things like gold. now what's driving those exports is actually demand and other parts of the world for energy, particularly in europe, which is trying to win itself off of russian gas for its invasion of ukraine. well, the united states is the largest producer of natural gas and with european demand rising. we are seeing the u. s. become the largest exporter of natural gas on the planet, even surpassing guitar reco exports. good news on the face of it. but how can we actually read into figures like that about the state of the us economy?
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yes, was rising exports. that is great, but you have to look holistically. let's look on the other side at the import. well, does that mean that when imports are decreasing? does that mean that domestic production is ramping up and they are making those products that we would normally get overseas? will not necessarily. it could mean that we are seeing decreasing demand for those products, which should be in line with some of the other economic indicators that are not so exciting, such as shrinking g d p for the past 2 quarter is inflation is still roaring and eating into paychecks. and the consumers, even shifting spending, business investment is down, manufacturing is down, so we can look to exports. and we can say great, this is one of the good things in the economy alongside the job market, which is still roaring. but even then there are cracks. there we saw jobless claims up, so exports. it's wonderful, but we have to look holistically in the economy. hey teddy australia in new york,
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or as even like irrelevant now, many european companies have withdrawn from russia since it launched its full scale invasion of ukraine in february. but not the german energy company vince has, how dare it's making billions in profits, in co operation with russia's state and gas from 1300000000 euros in the 1st half of the year. the company wants to stick to its projects in russia, but criticism is getting louder a year ago winters, how dia uploaded video to youtube in it, the gas production incorporation with the russian state on company gas. one is still price and the highest tones, winters held dear and gas from proudly announce 1st, guess for them, mega project or chin develop. this came years after russia in ex crimea, and as it's proxies occupied, ukraine's don bus region. but putins aggressive policies didn't stop the company
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from continuing to pursue as economic interests as early as 2014, entirely in line with a german government official policy. as high as yet, it's now a matter of building bridges, not tearing them down. apropos. the company has numerous cooperative ventures with russia, the most important of those, the joint exportation of the nor be willing boy gus filled in siberia, together with gus from vent us. her 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. its argument. if the joint ventures are abandoned, everything will fall into russian hands. i've been discussing that as house position with a lewis wilson from the international and geo global wit. he thinks it's too late
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for the company to redeem itself for its close cooperation. but the russian state damage has already been done. it's quite clear that vince a shout over a course, a number of decades set out to build up russia's 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 years to the russians doesn't stack up. and ben shaw has made quite enough money as of frustrating the even just doubling profits on it. gas, we are research 400000000 years from russian gasoline in the 1st 3 months to be a serious about the statements that they've made. they've been set up of funding these all profits from russian gas to tell from the reconstruction of ukraine, but they're not serious about tell us, take
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a look at some of the other business stories making the news with western countries sanctioning russia for its war against ukraine moscow has been increasing trade with others in july, russia became the 3rd largest coal supply of india, shipping, just over 2000000 tons. that's 20 percent more than a month earlier in the uses. most of it's to generate electricity. consumers are anxious about the european economy, according to a survey by the european central bank, they expect higher inflation and weaker economic development saying they also expect spending to rise considerably more than income is the 1st time the c b has published it's consumer expectations survey, which is going to release every month now. lotanza is booked, its 1st net profits since the pandemic began. german airline and 259000000 euros in the 2nd quarter. boyd by freight operations. the news might irksome passengers. though you've seen chaos at airports this summer of times,
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a canceled thousands of flights recently now, cuba is as good as bankrupt life on the island is becoming increasingly difficult in his attempt to desperately get foreign currency. the state increased the official exchange rates to the dollar 5 fold on wednesday in the hope of getting its hands on the u. s. currency of both cubans and tourist $120.00 cuban pesos to the dollar. that's the rate the state is willing to buy foreign currency from its citizens, much higher than the $24.00 pesos it was offering. it's part of the government's desperate attempt to get hard foreign currency. notice you'll get the more we've taken the decision to make a 1st step in buying foreign money with all the foreign currencies, including cash dollars. the exchange rate will be better than the $1.00 to $24.00 pesos that exist today. so barry or i'll, people are gamble, winnable, to what?
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until now, cubans traded their dollars on the black market, where the exchange rate was a $115.00 pesos. and tourists money often failed to end up in government coffers because of the unattractive official exchange rate. the government now wants to change that. cuba is dependent on imports and urgently needs convertible currency for food, medicine, petrol, or oil. the economic situation on the island is worsening. many have lost faith that the government has the power to get a grip on the economic crisis. chinese search engine by do has become the 1st company in the country to roll out, driverless cars on the public roads. at the same time, though, teslas have been banned in some parts of china. and suppose it security grounds observers say it's another example of beijing inviting in foreign firms, copying their tack and then kicking them out. the, 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 optional search engine turned a developer by do and failed the model just last week. and some of its old models are already being piloted on beijing's roads to less is founder of sino auto insights, a basing based auto industry consultancy for when we talk about rural taxes that so far a ways out. he says that chinese companies, when consumers to get familiar with the cars, by 1st offering them as ride hating services like uber or d. d, except robotic. but real life hazards could delay for 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 subtle insure or delivery vehicle or motor bike that's crossing lanes without the proper notification and things like that. and so we're still quite
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a ways away from point to point where you call a car like a d d. there's no driver in it. it picks you up and they picks 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 borrowing teslas from parts of the country that top chinese leaders visit. in this regard, chinese, driverless carmakers may be better poised to dominate the home market. if an lamb as senior analyst at hong kong based counterpoint, research a chinese com maker. they are very good in greater they, i walk in there that these are the ah service provider, or are the solution provider. they 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
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a chinese data laws, it's still unclear to what extent they can make significant inroads. what you're likely caesar, by for taishan chinese companies and in 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 as over may on the business team here in berlin until next time to take her into the conflict zone with sebastian. little is known about the inner workings of the kremlin, especially with vladimir putin in power. but my guess is weak former prime minister because cassiano what's the point in the early 2000. and he knows what happened
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behind the closed door with the russian government. a complaint on d. w or the 1000000000 trees plan can and global reforestation program. save our climate ideas, sounds fantastically simple, but is it which trees are suitable and above all, where should these new forms crowd? in 60 minutes on d w o. oh, let's be honest. summer break just doesn't really mean
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much. does it? without the bond asleep? oh, well, don't worry. we'll all start up again soon. as legal football, action goals. all in on kickoff starts august 9th here on t w. finally, little is known about the inner workings of the kremlin, especially with vladimir putin in power of my guest this week, former prime minister because cassiano worked on the putin in the early 2 thousands and he knows what happens behind the closed doors of the russian government. he says he feared for his own life after opposition.
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