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tv   Business - News  Deutsche Welle  September 21, 2022 8:15am-8:31am CEST

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miss, it looks like the governor has won that it could take days to get the bar back on it more just audio in many areas that had never seen flooding or york that has been an unprecedented accumulation of water in which in fact in many areas it was greater than what we saw during hurricane maria edward dang, maria tor dc. it is too too early to know the full scope of the damage. and that's good news for now. robots has your business news update coming up next. i'm on you can, we can and i'll be back in 45 minutes. the thanks for watching it, at least she's up to date. don't miss our highlights. the d w program on line d, w dot com highlights when you become criminal or free climate. oh,
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really news with hackers and paralyzed me to your societies? computers. some are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for but how they can also go terribly watch it, no need to ah, germany takes control of it. the biggest gas in puerto unified has been hemorrhaging money since russia began turning off the taps. and now it says it's set to be nationalized on that big. i'm back lean. see how truck prototypes
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on display in germany could point to a green, a future, a commercial from his date of your business on robots in berlin. welcome to the program. germany's biggest importer of natural gas says it's in final discussions. over its nationalization, uniform says it needs the german government to significantly step up and support us . the firm struggles to survive. it's costa skyrocketed since russia started choking off natural gas supply to the you. report suggest the deal on the table will see the german government acquire a significant majority stake in the company by taking over the 78 percent earned by finland's, fort m. as a result, berlin may have to return 8000000000 yours of financing provided by force him to unify on juniper would also receive an extra 8000000000 euros in government, bailout funding. taking the total to $29.00 billions rusher invited ukraine to has a giant of germany's energy industry ended up in this position. let us take
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a look. energy company univer is on the brink of being rescued. as germany's largest importer of russian gas, it faced a devastating loss of $12000000000.00 euros during the 1st half of the year. amid the fallout from russia's invasion of ukraine to stay afloat, unit for allied on cash reserves and government relief worth close to 20000000000 euros. germany's government effectively bought a 30 percent stake in the company for this cash injection in july. but that alone hasn't been enough. the diesel door faced companies as high energy prices and a threat by russia to cut additional gas supplies have made things increasingly difficult. that's because unit are used to get cheap gas piped in from russia, but now has to get gas from more expensive sources. russia completely turned off the tap for the nord stream, one pipeline, that used to send gas to germany after citing
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a need for maintenance. it's unclear when or if the pipeline will be back online. but with the months growing colder, there's little time to wait and find out. as in the, from the end of north stream on or the continued shut down of north stream on further shows how difficult the winter is going to be. and it also shows that we might get through winter in terms of supply. if the gas reserves are big enough, but the price tag, the price of gas, oil and energy will remain extremely high and vital, extreme wholesaler, as the german government works to stabilize univer, germany today is continuing to pay the price for its past over reliance on cheap russian gas now german president frank vall, to shine my, is in mexico is part of a 3 day state visit. while the trip is part of a broader initiative to rally western democracies in the face of russian aggression in ukraine trade relations between europe. i'm mexico are also on the agenda.
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another audi is ready to hit the roads. the technology may be german, but it was assembled with mexican finesse. at this factory in san jose, chapa, mexico has become a major production location for german companies, especially automotive manufacturers and suppliers, mexico's combination of cheap labor and its location between the u. s. and south american markets have made it an attractive destination for german enterprises. to date, more than 2000 at german companies have a presence here with more than a 3rd opening production facilities. bilateral trade between germany and mexico is worth around 20000000000 euros annually. mexico is germany's largest trading partner in latin america, and germany is mexico's most important trading partner after the u. s. and china, electronics, pharmaceuticals and chemical products help fuel bilateral trade here. but trade in
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automotive components alone was worth almost $2000000000.20. and as well this audi factory local workers are benefiting from germany's traditional apprentice program . this scheme sees employers training future workers for the demands of their workplace assuring. the company gets high caliber employees and giving the worker critically needed skills for the job market. now it's going to take plenty of energy to charge. one of these things here, a battery powered semi truck now on display in hanover, germany because a charging station is actually what's necessary. that's part of the problem for the greening of commercial fleets. the infrastructure often isn't there, at least in the scale this required has a look from this weeks i delay transportation. these rigs were supposed to be the future of freight transport on the road. the electric trucks running on green energy dimed or is batting big and electric and is unveiled a world 1st. the prototype of the e actress long whole with
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a range of 500 kilometers. but so far the actress falls short of a diesel truck. there aren't enough charging stations good. we need more public infrastructure as well that we really speed up the transition. we are working in a joint venture to build some charging stations, but we need many more initiatives and others that take responsibility to build more infrastructure. for various quadrant truck runs on hydrogen powered fuel cells, the heavy truck can travel up to 1500 kilometers on a single charge. this makes hydrogen the better solution for long distances says quantum boss, michael parsha. ah, list it myself. i'm earthly hydrogen is easier to transport and store bases more of an issue with electricity. the globe also, we believe the hydrogen infrastructure for our trucks can be developed more quickly . on the fly in challenging topographical and climactic conditions,
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we seen better continuous performance with hydrogen lights on hom, for shorter distances and city traffic manufacturers prefer a battery powered vehicles like forward with its e transit custom. it can travel 380 kilometers without charging, which is enough for the target group of tradesmen and delivery services. their doors that may shaquanda the average customer drives 80 kilometer the day, whether certainly some who really drive long distances every day. we found a majority of customers cover less than a 100 kilometers. that's where we're well positioned with our e transit customers and then it will help the state buying new electric vehicles is associated with high costs. logistics and automotive experts are seeking government support. then mon, via, if you really want c o 2 free transport, you have to pay for it, offered. so it's more expensive than diesel isn't. so politicians need to think about what regulations they put in place without regulations. this thing is just
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going to hit a wall, don't assist in getting new. and so far, diamond has claimed its 1st success amazon plans to test the e actress long haul in real world operations starting in 2023, it could be ready for serial production in 2024 at the earliest. well, let's take a look at some of the other global business stories making than years. the united states will double the amount of flights between us cities and caves in the coming months. new flights are scheduled to start by mid december. american airways and jet blue have been given go ahead to lead the expanded coverage. a long monk. musk says his starling satellite project will seek permission to provide internet services to iran. business with the country is currently limited under international sanctions. mosques announcement comes as iran faces political unrest and widespread internet disruption after a woman died. while in the custody of iran's religious police,
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german retailers are concerned about supply problems according to a survey by the e. fo institute in august nearly 78 percent said they had stocking issues and there was no sign of them getting any better before christmas crunches. hitting sellers of bikes, household appliances, and consumer electronics, in particular. in ford says thousands of its most profitable vehicles are sitting unfinished because of pass shortages us car make and may the announcement is it slash it's 3rd quarter earnings forecast. it expects to have $45000.00 unfinished vehicles on its hands by the end of this month, mostly s u v 's and trucks. let's get more on this from our financial correspondence in new york dance course. again is always lovely to have you on. so i, how big a problem is this for ford? well, at least short term was 3 and seems to believe it's a big problem. the stock came here on to stay dropped by 12 percent about
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$7000000000.00 of market capitalization got wiped away, and it was the 1st trading day for, for it in 2011. so in more than 10 years. so. so if you look at the short term picture for the head to renegotiate with suppliers that lead to an additional cost of about $1000000000.00. if you look more on the midterm for it expects to actually meet a profit expectation for the full year. so some of the sales that are not happening in the 3rd quarter might happen in the 4th quarter, but overall, at least walt street, that seems to be rather concerned. and that's what we see was system has a reaction and she would say it's reading session 40 to 45000 doesn't finish cars, but the supply chain problem is that that's only not unique to ford. are they? no, definitely not rob. just meant of last week we heard from general electric for instance, that they also the supply chain issue with for the health care segment for the
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aerospace industry, for the jet engine. for example. other industries probably also are getting hit. i mean, early on in the pen demik, we have to charge for the same doctors, but now we also the shortages with other parts as well. so that is a concern for now, especially as a couple of weeks google kick off season. and we get anecdotes left and right so that companies are struggling and that could overall mean pressure for the economy, not just in the united states, but actually also a globally and all of that in an environment and all the country banks are increasing their interest rates making money more expensive, so it is very, yeah. 10 situation. yeah, i would say at this point. so all in billings isn't again quarter in new york for us. thank you very much. and a reminder,
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the top business story that we're following for you, this, our jimmy's biggest importer of natural gas, says it's in final discussions. everett's nationalization in of us as it needs the german government to significantly step up its support as the them struggle to survive. it's survive, it's cost of skyrocketed since russia started checking up natural gas applies to the european union. that's all for me in the business. same handbell info from us. you had i was while website dealer with com slash business. and we're also on the t to we news each of jump to next time. okay. ah. in good shape. are they trigger allergies or a sniff them out? 4 legged companions, i'm good for your health, but they also cherry disease them all about the joy,
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