tv Business - News Deutsche Welle September 16, 2022 8:15am-8:31am CEST
8:15 am
he lost the game in which he watches his reminder of our top story. ukraine says it has found a mass grave outside the eastern city, easy on which was liberated from russian occupation this week. with oxy, say soldiers and civilians were buried that. and that is one of the largest federal socks founded. any city i'm retaken from the russian army. i sent you up to date. well, well here's at the top of the hour, christy plots, and how's your business update next? have a good day for me. what people have to say matters to us. i am, that's why we listen to their stories. reporter every weekend on
8:16 am
d w. a vibrant habitat ended go listed in place of longing. the mediterranean c a l muster, and to follow a dual career drift along with exploring modern lifestyles and mediterranean meeting people actually hearing their dreams a detouring journey this week on d. w. a 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
8:17 am
a summer drought in norway is having an outside the fax on one of your biggest energy supplier. hello and welcome to dw business. i'm chrissy, platinum, berlin, russian president vladimir putin and china. gigi and ping met on the sidelines of the summit of the shanghai cooperation organization in respect to stand on thursday . it was g 's, 1st trip outside of china, since the krona virus pandemic began potent thank the chinese leader for his balance stance on russia's war in ukraine and said he was ready to discuss china's undisclosed 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,
8:18 am
china has imported 17 percent more russian crude imports of russian liquefied natural gas were 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. med sanctions. but the volume of crude, which russia can send a 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 bible that goes to china can handle more. busy then, well, 1300000 barrels store day amber. basically this as a, 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 the eastern siberia,
8:19 am
across the board to china. in it is go into reach its name plate 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 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, less brand yann's quarter at the new york stock exchange, yann's another big law suit against big tack. how significant is this one? christy, it could become significant. i mean 1st of all,
8:20 am
those so 3rd party merchants of very important to amazon said business in the past quarter. they made up of it 57 percent off of the offers. so 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 suit to meaning a dozens off more. a similar loss you would sir, would be coming. and amazon's away. there had been a civil us, you'd earlier this year by the district of columbia that actually got dismissed. so and all we have to wait and see how this trial of will go through and, and in california, i lots and lots of lawsuits yann's, 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
8:21 am
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 small lawsuits, but actually lawmakers 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, they're, they're on wall street for us. what has all this done for tech stock valuations
8:22 am
just briefly. yeah, that's always the big question. was 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 are in this environment, right. interest rates are on the rise and often with these specially at tech companies and the stocks of suffering when interest rates are on the rise. and actually they're on the rise and historic speaking. yes, card to thank you. now to some of the other global business stories making this venezuelan president nicholas madero says his country is ready to supply the global oil and gas market and replace rushing supplies. during the opec secretary journal's visit to caracas, madeau insisted his country's oil industry was fit despite a corruption scandal and production levels being crippled by
8:23 am
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 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 red for just over a year. well, 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. the w correspondent, mac xander reports from low. this massive wall of concrete as part of northern europe's largest hydro power plant. the blood or reservoir has the capacity to store enough water to power the nearby city of staring or 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
8:24 am
rocks would be hidden well underneath the surface. the main res, so this, that the war sir, very dress sa moran, 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 is an electricity because ah, we had this huge hydro power gooey sources. now our electricity demand is increasing and we are expecting that we will not
8:25 am
have an excess production already in a few years to come. the government and oslo 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 they reducing production from hydro power plants in the short term to same warfare for a long no reason. winter. that'll obviously are through reductions in production or way increase norwegian prices in the short term. thus all so are limiting sports and a short term, but that is obviously only in direct effect. we have not been discussing direct export. so restrictions are from norway, side, with drought, and extreme weather patterns being the new normal energy corporation will be critical for norway and it's european partners. even long after this crisis has
8:26 am
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 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 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 will be where robots have been doing their job in large automotive companies for 20 or 30 years.
8:27 am
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. on 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. lab 6 shows how easy human robot calibrations can be. the biggest advantage with the help of robots, humans can focus on more important task. that analysis is yvonne di 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 can focus on the patient in the world. economic forum predicts that by 2025 robots and automation could eliminate millions of jobs,
8:28 am
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 chinese, g, gen ping and the right and rushes vladimir putin met in. spec us down on thursday. president g wants to shore his credentials ahead of the communist party congress next month. president, food and 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 oh, is the end of the pandemic in site. we show what it could look like will return to normal and we visit those who are finding it difficult
8:29 am
with success in our weekly coping. 19 special next on d. w to the point to strong opinion, clear positions, international perspectives. it's nothing short of a route. ukraine's 2 across counter offensive, his expelled russian troops from a large suite of territory in the northeast of ukraine, at lightning speed, ukraine's battlefield gates put in under pressure to the point with d w t ah, with
8:30 am
hackers, higher societies computers than elsewhere. you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now on youtube. ah, with fewer contracts, fever, customers, fewer employees. that's a situation that many companies find themselves in since the pandemic in this makes program, we want to show you what people are doing to get out of the crisis.
11 Views
Uploaded by TV Archive on