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tv   Business - News  Deutsche Welle  August 9, 2022 11:15pm-11:31pm CEST

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as the country, alexa, the parliament and president, the former prime minister, wiley or dingo, is a head in the poles at the moment. soaring prices and high unemployment dominated the campaign. you're watching the w news, my colleague rob want as of next with the w business news, i will see you tomorrow with departure to the to day. this means flying to a foreign planet. in the 16th century, it meant to mean a captain and setting sail to discover
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a route to the world famous c voyage of ferdinand of magellan. i'd rather erase linked to military interests, erase links to political and military prestige. but it was certain linked to many financial interests and adventure full of hardships, dangers and death. 3 years and that wouldn't change the world forever. but jillions journey around the world starts september 7th on d, w. ah, ukraine halts russian oil deliveries to parts of the u player's down part of the crucial drug, but a pipeline appear to have been suspended while the ukrainians await transit fees from moscow and canyons have gone to the palos in presence to the elections. who
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will they choose to tackle the cost of living crisis? this is due to be a business on robots in berlin. welcome to the program. and we begin with more disruption to oil and gas supplies. to europe. ukraine has apparently halted deliveries of russian oil bound for 3 e u member states. it's usually transported by the southern branch of the drug by pipeline to hungary, slovakia, and the czech republic by russian supply. but russian supplier trans left says the ukrainians are refusing to allow to pass through their country because there are waiting transit fees which are blocked by western sanctions against moscow. slacking oil industry officials have confirmed the deliveries have been suspended for several days. so to better understand ukraine's reasons for halting supplies down the southern branch of georgia, i've been speaking to energy analyst, macau, critiquing. if you regard it from the envelope ukrainians, they are absolutely right. they cannot work without pay. and the trance near which
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is the rest and the state control of the pipeline company cannot pay for the transit of rest and oil across the green and territory. and without bay, the great now stopped the transit um oil. this is basically, well, the main reason. yes. so they are looking for some solutions. and as far as i know, the most recent news is, comes from hungary, the hungary and oil company, m o l. is offering to pay for the transit instead of the rest of the trans sniffed. well, let us watch the developments. in the meanwhile, we see the 3 central european nations, its hungary check republic outlaw. back here are the get into the oil that they critically need. if hungary would stop paying those transit fees,
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how do you think that would go down with ukraine because he would not undermine what you can potentially try to do here and choking off some revenue for russia? no, i don't think so. for example, the great knows are working to transform the russian guess across its territory or 2 european consumers of guess. and this is the same methods of this the same attitude. there are demonstrated in the transit of russian oil to hunger in slovakia and the czech republic. and if they give the payment, i believe the greenhouse will resume the transit. so some of the ukraine does one this oil to be being transported to these, these countries. how can these countries do without this oil? i mean that they're pretty dependent on russian oil, aren't they? that's a great problem because the slow back at, for example,
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90 percent of oil it consumes comes from rice and most of it from this drug pipeline. and hungary, 65 percent of the oil it requires that consumes comes from russia in the doors. but by applying, i am not sure if they can get oil in the same well, the same in the same quantities from anywhere else there as you're ready to go some solution, for example, there is if pipelines goes across the ukraine from the seaport, the link to that there was a pipeline, it could be used if for those 3 countries decided to buy oil from somewhere else. the problem is the, the existence of the russian, a navy in the black sea, which could be an obstacle to safe delivery of oil to ukraine. ok,
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recall critique and from re sanity thanks a lot for bringing your insights on this story that shows you going to develop over the coming days. thank and in other business news now, the european union's emergency gas plant came into force on tuesday last, members to reduce their gas consumption by 15 percent in order to help fill gas storage and prepare for a possible full russian cutoff this winter. and president biden has signed a landmark bill that aimed to make the u. s. competitive with china when it comes to the production of computer chips. the bill provides over $52000000000.00 in subsidies for us based manufacturing and research. the chinese chinese embassy in washington says, china firmly opposes the bill but yet more or less, let's cross to our correspondent in new york yen score to yen. those great have you on the program and just how exactly is the us going to go about increasing? it's semiconductor production then no, well, i mean,
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part of the idea is said to give a good door invest a good $50000000000.00 to bring production back in the united states, sir. but also there are some texts incentives also for the development and research of semiconductor as you're in the united states. so we heard, besides this plan from joe biden and there's some egg that he's signed that mike on . technology, for example, is spending $40000000000.00 for the next 10 years and also to producer chips here in the united states earlier this year in tell made a similar announcement because you had a lot of tension just recently between the u. s. and china over major chip maker taiwan, you think that's added to the agency behind this bill? i to probably is and for one. so we also saw bipartisan support for this x. so that hasn't happened in quite some time that democrats and republicans could agree on
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something, but it's not just that taiwan is such a big producer of conductors, but also china actually surpass them the united states in the early ninety's in the, in the us about 40 percent of all global ships got produced in the united states today. that chair is down to about 10 percent vile and south east asia produced us about 75 percent of the global ships. so there is some interest in the united states to turn the tide and having that said, some people call this chips and scientists also the china competition act. so that definitely tells you quite something it does go to the new york stock exchange for us. thank you. now paul is have closed in the tight race to choose kenya's. next president, an index of the country seers suggest the optimistic the country's economy will improve after the vote. but for can ya to success faces the tough task of tackling
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a cost of living crisis. millions of canyons have placed their votes in a ballad box. now they must wait to learn who will lead them for the next 5 years. current deputy president william roto or opposition candidate rayleigh odenza. both have campaigned around to central economic issues. soaring living costs and high unemployment as i was booting, i was thinking about that kind of lead as we want to see a tick office for the next 5 years. and for me to can keep moving can afford number. somebody was gonna bring you night, the nation, somebody who's gonna be a good leader. somebody who's going to in terms of economic strength was gonna push
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us forward. could be able to get a good read us who'd be able to took the development of this country to the next level. and more so, you know, getting that over to this country. i rudo as promised to empower those at the bottom of the economic pyramid. if elected, he vows to form what he calls a hustler fund, a per se, worth 400000000 euros to help struggling small businesses. o jenkins platform aims to ease hardship through other means. the former prime minister says he plans to provide universal health care coined bob care after his nickname. he's also pledge to give low income households around 50 euro's per month. but whoever wins will have to make good on those promises will also managing
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a state debt of 60000000000 euros. canyons are hopeful, their next president can transition into power peacefully and usher in a new economic era. i left them on the canyon elections and speak to our correspondents in nairobi, georgia rain bare adjoining lot. suspending promises we're hearing that. but how are the candidates actually proposing to pay for that policies while also tackling can use massive debt as you're just hearing? indeed, lots of spending rolled and with a current budget deficit of 8 point one and inflation rates. currently at $7.00, the most popular candidates that is very low dingo and william router are making promises. rayleigh is saying that he intends to seal all corruption loopholes and save about $8000000000.00 annually, and then re invest that money into the economy at top on his agenda. our issues
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such as creating a sovereign way wealth fund that will boost the countries poor and a deputy president and also a presidential candidate. william router is promising to invest heavily in the agricultural sector, which is one of the biggest g d p contributors. and he's talking of figures amounting to $2500000000.00. and he says this will in the long term ease the cost of living and put money in people's pockets. people at the bottom just briefly charged or impose on are closer there. an indication of fir the way that the selections go. at the moment we're seeing raylon dinger in the lead with 52 percent and william router at 47 percent. but to most of the kenyans that we spoke to earlier today, most of them are saying they are and are hoping to have a leader who is going to give 0 tolerance to corruption and also improve the
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standard and quality of living as well as a boost productivity in the country to create more jobs. okay. order number and i rode before us. thank you. just want to remind as the top is a story with following for use as our ukraine, as a poly holiday deliveries of russian oil bound for hungary, slovakia, and check republic by the drift for pipeline fresh in supply. trans nafta says the ukrainians are refusing to allow deliveries until they receive transit fees, which have blocked by western sanctions against moscow. so for me, in the business team here in berlin, families, a social network. many ex pats working in germany, send money to family members in africa. this helps create new jobs there. a gym and development organization wants to harness the cash flow. with an
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ambitious project, cindy a next on d w. a. why do african government seems so threatened by protest held by the youth who better to answer this question for me than fellow nigerian nigeria has the tartarus for jerome tucker. c. protest is an indication of a dysfunctional system. i don't know if you are way about many police works as we killed mitchell gets involved in politics and the use of nigeria. ave brief, the 77 percent in 60 minutes on d. w. o a
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listen carefully. don't know how to do a goal. ah, feel the magic ah, discover the world around you. subscribe to the w documentary on youtube. ah ah, across the capital of ghana in west africa, linda is a young gunny woman who dreams of starting her own business here. she wants to open a hair salon but it won't be easy. so.

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