tv Business - News Deutsche Welle October 11, 2022 8:15am-8:31am CEST
8:15 am
neighbors, the people at the dry cleaners, the waiters and the restaurant, that's who these people were. don't kid yourself. you know, this is the same sad story and unfortunately, you know, what it requires for it to take place is for good people to acquiesce and to not do anything. and an important historical documentary for sure. and an important film with resonance for today. for the present, you're watching d. w news up next ben facility will be here with business looking at a sharp fall on the mosque of stock extract. i'm terry martin. thanks for watching with . i have been the fact that i have been beaten. i have been sickest rated because
8:16 am
we tried to to show dory of face of mafia all over the world. environmentalists are in danger. the enemy, roofless corporations corrupted government agencies and criminal cartels. with a design and targeted environmentalists in danger starts october 29th on d. w with ah, the moscow stock exchange plunges, it follows the bridge explosion that connects russia and crimea a crucial supply route for the kremlin war on ukraine. but also a key economic link can no way come to the rescue and power europe through the
8:17 am
winter and beyond with liquefied natural gas. and we introduce you to the latest nobel prize winning economists and their model that explains why bank runs happen and the need for regulation i've, it was all and that's the business. geopolitical tension continues to keep traders on their toes in moscow on monday. the stock exchange tumbled 12 percent. reason was the weekend explosion, that partially destroyed europe's longest bridge connecting crimea to russia. it over the opened in 2018, the price tag over 4000000000 euros. the pet project of russian president vladimir putin was a boon for year round tourism in the black sea resort of crimea until the war that is then it became a military supply root. the bridges rail link had also boosted commercial activity, allowing russia to brand pop exports. energy analyst all got caught cova is originally from nikolai of in southern ukraine. i asked her about the importance
8:18 am
of the bridge. several reasons why this bridge was a huge deal, both economically and symbolically after russia illegally occupied crimea. in to that, as in 14, this bridge was a symbol. this bridge was a trophy for russia in a way to demonstrate how russia took over this entire region. now the economic implications of it are important to explain because what happened after russia's takeover is a lot of the native and indigenous population like crimea. ta tars, for example, who supported ukraine, and really did not want russia to take over the way they did were either imprisoned, intimidated, ah, were sent to jail, were tortured, and a lot of them were afraid for their lives. so they ended up, a lot of them ended up leaving crimea leaving ukraine. so a lot of those houses russia illegally gave to russian citizen. so when we talk
8:19 am
about economic impact, the just really want to be clear about what exactly we're talking about here. and it's russian illegal russians illegally taking over infrastructure housing. and of course, you know, building out their own projects there, including this bridge and making it easier for russians to enjoy ukraine's land crimea. to go on vacation there or for longer stay and half an easy way to get there through this bridge. so that's is that symbolic plus economic infrastructure in numbers. you know, i think like $40000.00 cars per day, we're going through that bridge of like 15 trains, at least a day. we're moving through it. so yes, economically, it was very closely tied to russia off to russia. illegally took that away from ukraine. as russia turns off, the gas tap to europe, norway is stepping in to provide liquefied natural gas. the replacement supplies
8:20 am
don't come cheap though, but a cold winter could be coming our way. we sent mux sunday to the used gas rich neighbor the fossil fuels europe desperately needs flight deep beneath the ocean. this region is responsible for 3 percent of the world's gas consumption. the norwegian, continental shelf, platform crews and pipeline operators are working around the clock to provide something that's now needed more than ever in europe. affordable gas. the biggest question is now whether or not norway will be able to share its riches and help out it's european parkers. we travel to norway to find some answers. now this here is one of the main facilities connecting norwegian gas fields to homes and businesses in central europe. this is the coastal processing plant from here, gas is being sent to germany by a pipeline. and since the beginning of the war,
8:21 am
the volumes of gas be sent through this pipeline has increased quite a bit to make up for the lack of lush and gas compared to last year, almost 10 percent more gas is now being processed by plants like this one from casto, the gas travels more than 600 kilometers by a pipelines to m than and donald in northern germany. since the start of the warren ukraine, german leaders have asked our norwegian counterparts to do even more. the industry seems open to the ideas, like many others pipeline operator. gasket appears to be in good spirits here at o. n s one of the world's largest oil and gas conventions. if you look at the average for the last 5 year, and we will definitely be on almost the highest level ever this year. we are working all the time to optimize the new agent transport system. the industry has been able to increase the output partially due to delaying maintenance with c o 4. the levels of expect even higher volumes of gas have delivered next year. however,
8:22 am
like many in the industry, he prefers to not discuss profits. all a job is to be predictable, to deliver to goss in, to the market. the way it did the ship at a sa, want us want us to do with high irregularity, low emissions. and so if the prices are low and the prices are high, we do our job anyway, so, so that's our main focus related, reliable supply to europe, norwegian, oil and gas, one. so the european energy crisis or moon. but they're likely part of the answer. now to some of the other business stories making use, the war in ukraine is expected to lead to the highest immigration to germany since re unification. between february and august, there were over 1800000 arrivals in germany. more than half of them ukrainians fling the war. the o. c. d expects the number of immigrants this year. we exceed that of 2015 when more than 2100000 people came to germany. relatives of victims of the
8:23 am
2009 plane crash into the atlantic ocean shouted down the ceos of air force and air bass. after they took the stand or $288.00 people aboard. the fight died on route from rio de janeiro to paris. after more than a decade of legal battles, this manslaughter trial could bring justice for the families. tesla continues to electrify german drivers officials, so official figures rather show the u. s. electric carmakers test the y out sold both volkswagen and audi last month. tesla's model free also dominated the mid range segment with nearly 15 percent more sales. the nasdaq lead declines a wall street washington has published new sanctions cutting of china from certain semiconductors made with u. s. equipment anywhere in the world. let's go over to our correspond. james sweeney joins us from the new york stock exchange. james,
8:24 am
at bet, the news rattled the chip sector. well, it did rattle the chip sector, in fact, starts to quite a hit this monday to kick off this trading week with the nasdaq getting hit, the hardest dropping to its lowest level in the last 2 years. because tech shares continue to get hammered, and if you're wondering why the slump, semiconductors taking a hit to day after the by the demonstration announced new export controls that will limit u. s. companies from selling advanced semiconductors and related manufacturing equipment to china. in other words, the administration does not want these products and chinese hands without the approval and even more validation of this, the u. s. bureau of industry and security. it said in it's released today that the rules mean that these companies must apply for a license if they want to sell certain computing semiconductors, or related equipment to china. in other words, if you want to sell it to them, you gotta get permission from us. first, and these rules, they're effective this month. and how do you think this is going to affect business for, for american firms that want to continue doing business with china?
8:25 am
in terms of, in terms of affecting business, this could, it could possibly mean a lot, but it still remains to be seen exactly how damaging these new restrictions will be on business. because the government, if i stand, if i am correct the, the chinese companies, the government put chinese companies like, while way as m, i c on a black list that required suppliers to obtain a license before selling to them just last year. but suppliers to those 2 companies, they, they received those licenses last year and they still did billions of dollars worth of business. these rules were put in place, but business kept moving. so all i can say regarding business is that in regards to these rule changes, only one thing is certain, expect a lot more new license applications to be presented sometime in the media future. and it sounds like a lot more paperwork and businesses set a time like that. james sweeney for us at the n y a c. thank you.
8:26 am
thank you. 3 american economists have won a nobel prize for showing how bank failures and not a cause of economic downturns, but a consequence. they argue. government guarantees on deposits can prevent financial crises from spiraling by convincing depositors not to panic. the courageous intervention of central banks and governments was hugely important in preventing the collapse of lehman brothers in 2008 from triggering a chain reaction of banking failures. system critical institutions were half cute favor deposits were protected, and markets were stabilized. ben burnett, he was at the head of the u. s. federal reserve. at the time, he had the opportunity to put what he had researched 20 years earlier into practice, along with economist douglas diamond and philip to pick the 3 economists what awarded the nobel prize in economic sciences on monday for the findings on the role
8:27 am
of banks and crisis and how to make them less vulnerable. the research, the fed has hip avoid destructive financial crisis and preventing costly bailouts. and i think the main thing is that it has allowed us to understand whole financial crisis. the relo on what to do both on the basis of bronowski research was another thing. the great depression of the 19 thirty's. it would probably have been a much my downturn, had financial institutions been protected from the run on savings. and if the fed had intervened more strongly, and a reminder of the top business stories way following for you here on t w, the moscow stock exchange plunged on monday. it followed the bridge explosion that connects russia and crimea a crucial supply route for the kremlin war on ukraine, but also a key economic link. and for the you west fed chief bamboo nike as well as
8:28 am
economists. douglas, diamonds and philip defect have been awarded the nobel prize in economics for their research on banks and financial crises. announcement was made on monday by the royal swedish academy of sciences. i've been for solon, i sent business with me. i august 21 at the global media in 2022. a frickin off. the cross. we took with creatives from africa. andy african dias. now if you find a different life path,
8:29 am
5 different perspectives. are 21. on d, w. a pulse ah, the beginning of the story that moves us and takes us so long for the ride. it's all about the perspective. culture information. this is the that we're you news and more w leave minds. oh. a is increasing every year in many im gonna working on lunch with holiday destination drowning in plastic weiss,
8:30 am
18 Views
Uploaded by TV Archive on