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tv   Business - News  Deutsche Welle  September 16, 2022 1:15am-1:31am CEST

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release no, hang on this racket by the months and federal impact on tennis will stand strong for the years to come. and don't forget, you can always get the dumping is on the go. it just download our app from google play from the apple app store and it will give you access to all the latest news from around the world. as well as push notifications for any breaking news. and told me a lot of what you watch. the news of next business with kristi plaza. ah ah, every jenny is full of surprises. we've gone all out to give you some tips with home i'm in your northern most count
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please. ah, for a time in the line. to still very much a line d, w travel, you'll go to the special with recognizes where exactly it was fun and i have learned a lot our culture history, all their d. w. travel extremely worth a visit. ah, ah, ah, china and russia meet and it was back to stand. well, look at what, there are no limits. partnership stands as kathy's mountain 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 a shortage of labor. and
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a summer drought in norway is having an outside the fax on one of your biggest energy suppliers. hello and welcome of dw business. i'm christy, platinum, berlin, russian president vladimir putin and china. gigi ping met on the sidelines of the summit of the shanghai cooperation organization in whose pakistan on thursday. it was jeez, 1st trip outside of china, since the crone of iris pandemic began. couldn't thank the chinese leader for his balance stance on russia's warn ukraine and said he was ready to discuss china's ans disclosed concerns about the war that has killed tens of thousands and up ended global food and energy markets at their 1st face to face meeting. since the war g said he was very happy to me, to quote my old friend again after kootenai said us attempts 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 july,
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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 amid sanctions. but the volume of crude, which russia can send a china is limited. while earlier we spoke to mchale critiquing and 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 by blythe, it goes. gotcha. and i cannot handle. busy then, ah, will 1300000 barrels store day amber? basically this is the limit in terms of gas supply, china do not need an increase of supply from russia. because right now there is just one pipeline that goes from eastern siberia,
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across the board to china. in it is go into reach its name, played capacity of 38000000000 cubic meters a year in atlanta at 25. only the u. s. state of california is suing amazon, saying the company is violating the states anti trust, an unfair competition laws short amazon prime. the $84.00 page suits says amazon stifles competition and has practices that push sellers to maintain higher prices on other on products, on other websites. the suit as part of a 2 year investigation and falls another lawsuit that are currently going through an appeal process after being dismissed by a district judge earlier this year. well for more and less for the free and young quarter at the new york stock exchange, young, another big lawsuit against big tech. how significant is this one? christy. it could become significant. i mean, 1st of all,
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those so 3rd party merchants are very important to amazon said business in the past quarter. they made up of it 57 percent off of the offers. so on the an 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 suit to meaning a dozens of more. a similar last you with sir would be coming, and amazon's away. there had been a civil us, you earlier this year by the district of columbia that actually got dismissed soon . all we have to wait and see how this trial of will goes 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 our anti breaking anti trust laws. last year we heard a lot of chatter about our regulators finally cracking down on big tech. are we
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seeing that come to fruition this year? well, it leads christy. it feels that way. so that we would do not just here and threats to, from all lawsuits, but actually below makers in europe and the united states to take out the big guns . if we look at the european union, for instance, quite often those big us tech companies go into appeal to a lot of those cases actually are still pending. and here in the united states, i mean, the big tech companies recently have spent $95000000.00 for lobbying efforts. now we have the mid term elections coming up, so it will definitely also depend if democrats can keep the majority in congress. if not, we might see that some of those cases against the big tech might not follow you would in the month. well, you know, you're there on wall street for us. what has all this done for text talk valuations
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just briefly. yeah, that's always the big question. with cause and effect. clearly, the evaluations of the big tech companies have gotten under quite some pressure, but that might not be because of the last year would. so that might tell the i'm to trans cases that we're seeing. but that might also be because we're in this environment where interest rates are on the rise and often with these specially at tech companies and the stocks suffering when interest rates are on the right. and actually they're on the rise in historic speed nascar, to thank you now to some of the other global business stories making. there's been a while and president nicholas madero says his country is ready to supply the global oil and gas market and replace russian supplies during the opec secretary journals visit to caracas. madero insisted his country's oil industry was fit despite a corruption scandal and production levels being crippled by
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a lack of investment and years of un sanctions. the rising cost of energy imports have brought japan's trade balance deep into the red. the country's trade deficit has reached a record 19000000000 euros. according to the financing finance ministry. the resource poor country has now been in the red for just over a year when 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, max xander reports from oslo. this massive wall of concrete is part of northern, europe's largest hydro power plant. de blasio reservoir has the capacity to store enough water to power the nearby city of staffing for 4 years. but at the moment, the power plant manager, beyond some, vic tells us the water levels here are at the 20 year low. normally these white
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rocks would be hidden well underneath the surface. the main re slow this thought, the war. so very dry ice saw more m the of the year for the last year was very dry and this winter will squeeze 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 electricity demand is increasing and we are expecting that we will not
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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 a reducing production from hydro power plants in the short term to same warfare for a long no reason winter. that'll obviously a through reductions in production in norway 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 droughts and extreme weather patterns being the new normal energy corporation will be critical for norway and it's european partners. even long after
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this crisis has ended, industry leaders, researchers and start ups 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 gestures are translated into court for the robot to emulate the movements. programming can be that easy. this robot is operated intuitively by humans and is taught to transmit goods of all sizes. these robots can also be directed by a touchpad. oh voice commands. small and medium sized businesses can benefit from this, as well as industries that suffer from a shortage of skilled workers roar and cosmo them will be where robots have been doing their job in large automotive companies for 20 or 30 years.
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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 workers 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 lights, it 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 nurses 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. what's in the world economic forum predicts that by 2025 robots, an automation could eliminate millions of jobs,
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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. the sour, china's g gen ping and the right and rushes vladimir putin met in was pakistan on thursday, while president g wants to short his credentials ahead of the communist party congress. next month. president fulton wants to show that russia won't be isolated internationally. that's all we've got. thanks for watching. i'll see you tomorrow with enter the conflict zone with tim, sebastian, russia has suffered key reversals on the battlefield. as curious. horses have come to attacked and seize back a wide sway of territory. my guest this week from moscow is andre kalashnikov, senior fellow, to think time of coming in diamond international peace as anger mouse among some of
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la putin supporters. how boehmer boy, is he conflict zone next on d, w to the point? strong opinions, clear positions, international perspectives. it's nothing short of a route. ukraine's to cross to counter offensive his expelled russian troops from a large suite of territory in the northeast and ukraine at lightning speed, ukraine's battlefield gates put in under pressure to the point. a d, w t o in you've become a criminal pre climb a all ready,
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know who's with hackers? generalizing the tire society's computers that helps you and governments that go crazy for your data. we explain how these technologies work, how they can work for, and that's how they can also go terribly. watch it now on youtube or russia has suffered key reversals on the battlefield as chaos forces have counter attacked and sees back a wide sway the territory. my guess this week from moscow is andre kalashnikov, senior fellow at the think tank. the carnegie endowment for international peace as anger mounts among some of vladimir putin supporters. how.

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