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tv   Business - News  Deutsche Welle  August 10, 2022 8:15am-8:31am CEST

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election, felix miranda in nairobi, thank you very much. you're watching dw news from berlin up next. we've got business for you. rob watts will be here with all that. i'm terry martin for me and all of us here at dw, thanks for watching. how about taking us you ran you could even take a chance on what i rearing to me. ah, don't expect a happy ending the literature list, a 100 german histories sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental
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conservation to life with learning pass like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge gross through sharing. download it now, feel free. and aah! ukraine holds russian oil deliveries to parts of the you flows down part of the crucial garage for pipeline appear to have been suspended while the ukrainians await transit fees from moscow. and canyons have gone to the polls in presidential elections. who will they choose to tackle their cost of living crisis? mrs. d, to be a business on rob watts in berlin. welcome to the program. and we begin with more
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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 trooper, i've been speaking to energy analyst, macau, critiquing. if you regard it from the angle of the ukrainians, they are absolutely right. they cannot work without b. and the trance net, which is the russian state control the pipeline company cannot pay for the transit
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of russian oil across the ukranian territory. and without b, the great non stop to the transit of the toil. this is basically well the main reason. yes, they are looking for some solutions and as far as i know, the most recent news is, comes from a hungary, as the hungarian oil company, m o l is all for him to pay for the transit instead of the rest and come get drunk, sniffed. well, let us watch the developments in the meanwhile, we see the 3 central european nations. it's hungary check republic council over here are not getting to the oil that they critically need. if hungary with start paying those transit fees, how do you think i would go down with ukraine because it wouldn't not undermine what you kind of potentially trying to do here in choking off some revenue for
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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 method of this is the same attitude. there are demonstrated in the transit of russian oil to hunger is slow and the czech republic. and if they give the payment, i believe the ukraine will resume the transit. so somebody, 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, yeah, 90 percent of oil it consumes comes from us and most of it from this drug pipeline. and hungary, 65 percent of the oil,
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it requires that consumers comes from russia in the doors. but by applying, i am not sure if they can get oil in the same well over the st in the same quantities from anywhere else there. as you're ready to go some solution, for example, there is a pipeline that goes across ukraine from the seaport, the link to that there was a pipeline. it could be used if for those 3 countries decide to buy oil from somewhere else. the problem is the existence of the russian, a navy in the black sea, which could be an obstacle to safe delivery of oil. do you agree? okay, recall critique and from re sanity thanks a lot. bring your insights on this story. the surely going to develop over the coming days. thank and in other business news now,
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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 aims 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 on this let's cross to our correspondent in new york. he ends quarter yann's. i was great to 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, part of the idea is said to give good door invest a good $50000000000.00 to bring production back in the united states,
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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 a 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, also to producer chips here in the united states earlier this year in til made a similar announcement was he 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 that we also saw bipartisan support for this act. so that hasn't happened to quite some time that democrats and republicans could agree on 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
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year in the us about 40 percent of all global ships got produced in the united states today. the chair is down to about 10 percent violence, se asia produced as 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 company 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. so just the optimistic, the country's economy will improve after the vote. but for can ya to success faces the tough task of tackling a cost of living crisis. millions of canyons have placed their votes in a balance box. now they must wait to learn who will lead them for the next 5 years
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. 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 boating 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 unite the nation. somebody who's gonna be a good leader, somebody who's going to in terms of economic strength was gonna push us forward and be able to get to good read us who'd be able to took the dividend meant of this country to the next level. and more so, you know,
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getting it published in 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. oh jingle platform aims to ease hardship through other means, like the former prime minister says he plans to provide universal health care coined baba care after his nickname. he's also pledged to give low income households around 50 euros per month, but whoever wins will have to make good on those promises will also managing a state debt of $60000000000.00 euros. canyons are hopeful, their next president can transition into power peacefully and usher in
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a new economic era. a stem on italian elections and speak to our correspondence in nairobi. joy during vera joy during lots of spending promises we're hearing there. but how are the candidates actually proposing to pay for their 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. dinger and william router are making promises rayleigh. dinger 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 such as creating a sovereign way of 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
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agricultural sector, which is one of the biggest g d p contributors. and he is 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 geiger at the moment we're seeing raylon linger in the lead with 52 percent and william, brutal 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 standard and quality of living as well as a boost productivity in the country to create more jobs. ok, georgia, remember and i rode before us. thank you. just time for remind as the top business
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story were following for you this, our ukraine has a family holiday deliveries of russian oil bound for hungary, slovakia, and check republic by the drill for pipeline portion supply. trans nephew says the ukrainians are refusing to allow deliveries until they receive transit fees, which have blocked by western sanctions against moscow. so from in the visit, same here in berlin with in good shape, a bundle of joy and a big challenge. children with check out some views and during pregnancy and a myths about childhood down to sign with
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on d. w. 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 ambitious project, sending cash in 60 minutes on d, w o. into the to day. this means flying to a foreign planet. in the 16th century, it meant being a captain and setting sail to discover a route,
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