tv Business - News Deutsche Welle September 15, 2022 11:15pm-11:31pm CEST
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federer is one of the highest paid athletes and sports and as well known for his charity work around children's access to sports and disaster relief. though he'll hang up his record by the months end, federal impact on tennis will stand strong for the years to come. attorney 41, it's not such a bad thing. i hear, i'm brinko, you're watching the w news business uses up next with my colleague christy plants and we'll see tomorrow with every day for us and for our planet with global ideas is on its way to bring you more conservation. how do we
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make cities greener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smarten solutions overseas said in our ways or is truly unique. and we know that, that uniqueness is what allows us to live and survive google ideas, the environmental series in global 3000 on d, w, and online. ah, china and russia meet and it was pakistan. we'll look at where there are no limits . partnership stands as casualties mount and ukraine. and what it means for energy also on the show, will go to a robotics festival in germany, where there's hope that robots at your local butcher or baker can make up for
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a shortage of labor. and a summer drought in norway is having an outside the facts on one of europe's biggest energy suppliers. hello and welcome to the w. a business. i'm christy plots, and in berlin, russian president vladimir putin and china. jeez, ging ping met on the sidelines of the summit of the shanghai cooperation organization in whose pakistan on thursday it was a g 's 1st trip outside of china. since the corona virus pandemic began, couldn't thank the chinese leader for his balance stance on russia's war in ukraine and said he was ready to discuss trying us undisclosed concerns about the war that has killed tens of thousands and up and a global food and energy markets. at their 1st face to face meeting sent for g, said he was very happy to meet quote, my old friend. again after putting said us attempt to create a unipolar world would fail. china accounts for nearly a 5th of russia's foreign trade. trade and energy has grown this year after russia last western buyers due to sanctions over the war in ukraine. and between april and
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july, china has imported 17 percent more russian crude imports of russian liquefied natural gas for up 50 percent and imports of electricity rose by 39 percent. both countries benefit china paying lower prices to russia and russia, replacing some of the revenue last, when western partner sought alternatives and sanctions. but the volume of crude, which russia consented. china is limited. while earlier we spoke to mchale critique in an energy analyst and partner in the independent, russ energy consulting agency. he said, there's only so much russian energy that can make its way to china. the pipeline that goes to china cannot handle more than well. 1.3000000 barrels start day. and basically this is the limit in terms of gas supply. china do not need an increase of supply from russia,
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because right now there is just one pipeline that goes from eastern siberia, across the board to china. in it is go into reach its name plate capacity of 38000000 cubic meters a year in the 2025, only the u. s. state of california is suing amazon, saying the company is violating the state's anti trust and unfair competition laws . it's your amazon pack, the $84.00 page suit says the amazon stifles competition and has practices that push sellers to maintain higher prices on other on products on other websites. the suit is part of a 2 year investigation and falls. another lawsuit that is currently going through an appeals process after being dismissed by a district judge earlier this year. well for more and less that's brand yann's court at the new york stock exchange, yann's another big law suit against big tech. how significant is this one?
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christy, it could become significant. i mean 1st of all, those so 3rd party merchants are very important to amazon said business in the past quarter. they made up of a 57 percent off of the offers um on the amazon amazon side. now a lot depends how this trial will end if amazon should lose this trial in california, then it is almost certain that other states you're in the united states will follow a steward for meaning a dozens of more. a similar loss you with sir would be coming and amazon's away. there had been a civil us your earlier this year by the district of columbia that actually got dismissed soon. all we have to wait and see how this trial uh will go through and. and in california, i lots and lots of law suits. yeah, that's what i'm hearing. we also know that the e u yesterday upheld it's a record setting fine against google for anti breaking anti trust laws. last year
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we heard a lot of chatter about a regulators finally cracking down on big tech. are we seeing that come to fruition this year? well, it least, chrissy, it feels that way as so that so we would do a not just here and threats and to some all lawsuits but actually a lawmakers in europe and in the united states to take out the big guns that if we look at the european union of, for instance, quite often those big u as tech companies go into appeal. so a lot of those cases actually are still a pending and tear in the united states. i mean, the big tech companies, some recently have spent $95000000.00 for lobbying efforts. now we have the mid term elections coming up so it will definitely also depends if democrats can keep the majority in a congress. if not, we might see that some of those cases against the big tech might not follow suit in
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the month. write up my guns here there on wall street for us. what has all this done for our tech stock valuations just briefly. yeah, that's always the big question was cause and effect the clearly of the valuations of the big a tech companies have gotten under quite some pressure, but that might not be a because of the loss you had said that might tell the i'm to test cases that we're seeing, but that might also be a because we're in this environment where interest rates are on the rise. and often we see especially a tech companies and the stocks of suffering a when interest rates are on the rise. and actually they're on the rise in historic speed and scar to thank you now to some of the other global business stories making. as venezuelan president nicholas maduro says, his country is ready to supply the global oil and gas market and replace rational supplies. during the opec secretary journals visit to caracas,
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madero insisted his country's oil industry was fit despite a corruption scandal and production levels being crippled by a lack of investment and years of un sanctions. the rising cost of energy imports have brought japan's trade balanced deep into the read the countries trade deficit has reached a record 19000000000 euros. according to the finance, the finance ministry, the resource poor country has now been in the read for just over a year. it's been a hot, dry summer across europe, and that's cut into energy production across the continent. even norway, whose rich energy deposits make it a key supplier for other countries. now faces a growing problem. dw correspondent mac xander reports from oslo. this massive wall of concrete as part of northern europe's largest hydro power plant. the plaza reservoir has the capacity to store enough water to power at the nearby city of staring or for 4 years. but at the moment, the power plant manager, beyond some,
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vic tells us the water levels here are at a 20 year low. normally these white rocks would be hidden well underneath the surface. the men really slow this thought, the war sir, very dress so more em the year for the last year was very dry and this winter was quite dry as well. yeah, and you see the results? norway is the largest producer of gas and oil in western europe. in 2021. the sector made up roughly 80000000000 euros and exports, and the country continues to ramp up its production nori itself, however, is driven by renewables. about 90 percent of the electricity production comes from hydro power, which is becoming less reliable. when going from a situation where we historically we had over supply, we had excess energy, this electricity because ah, we had this huge hydro power who he stores us. now our
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electricity mond, is increasing and we are expecting that we will not have an excess production already in a few years to come the government and also is working on solutions to protect its citizens and the economy. according to the deputy minister of energy and petroleum, a blank export ban on electricity is off the table. we have been looking into the reducing production from hydro power plants in the short term to save warfare for a long no reason winter. that'll obviously through reductions in production or way increase norwegian prices in the short term. thus all so are limiting exports in the short term. but, and that is obviously only a in direct effect. we have not been discussing direct exports. so restrictions are from norway, side, with drought, and extreme weather patterns being the new normal energy corporation will be
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critical for norway and it's european partners. even long after this crisis has ended, industry leaders, researchers and startups are coming together in leipzig at the robotics festival. 2022 to showcase innovation in germany and beyond. robots could help fight labor shortages and the lack of skilled workers. this glove is all you need to teach a robot what to do. the justice are translated into code for the robot to emulate the movements. programming can be that easy. this robot is operated intuitively by humans and is taught to transport goods of all sizes. these robots can also be directed by a touch pat. oh, voice commands. me. small and medium sized businesses can benefit from this, as well as industries that suffer from a shortage of skilled workers. war and course law them of even where
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robots have been doing their job in large automotive companies for 20 or 30 years. we now see them at the bakery at the butcher's in packaging at the stone masons and the carpenters. that's exactly where they're getting more important and will be successful because of the work is shortage. the global market for collaborative robots was about $700000000.00 us $1.22. it is expected to double by 2027 according to german estimations, especially since the robotics festival here. leipzig shows how easy human robot calibrations can be. the biggest advantage with the help of robots, humans can focus on more important task. the analysis bewanda and our goal is that nurse is in the hospital no longer have to sort pills no longer have to move boxes from a to b. the robot can do that. so the nurse could focus on the patient in the world. economic forum predicts that by 2025 robots and automation could eliminate millions
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of jobs, but eventually create even more employment opportunities as robots need to be built and maintained. and a reminder of the top is the story we're following for you. this, our chinese gen ping and the right and rushes vladimir putin met in was pakistan on thursday, or president g wants to shore his credentials ahead of the communist party congress . next month. president prudent wants to show that russia won't be isolated internationally. that's all we've got. thanks for watching. i'll say tomorrow for 70 years. she was a great comfort during turbulent times for many brits. queen elizabeth the 2nd. a devoted monarch who gave every thing for her country and she was loved for it. now her son charles has ascended the throne. i shall strive to follow the inspiring
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example. i have been since focus on europe. next, on d. w. is the end of the pandemic in sight. we show what it could look like. will return to normal. and we visit those who are finding it difficult. exceeds his successes and those, you know we're weekly, coven, 19 special. in 60 minutes on d. w. oh. and in many countries, education is still
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a privilege. tardy is one of the main causes. some young children work in mind. jobs instead of going to class others can attend classes only after they finish working with millions of children all over the world can't go to school with. we ask why? because education makes the world more just i make up your own mind. d. w. made for mines with hello under wall. welcome to focus on europe. glad to have you with us. it's been a shock. i'm imaginable for many britain.
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