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tv   Business - News  Deutsche Welle  October 13, 2022 8:15am-8:31am CEST

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appeal, the judgment anisette, his company's bankruptcy status, will protect his info war show. for now. and a quick reminder of our top story. russia has launched an air offensive on ukraine for the 4th straight day. this time targeting the key region and the southern city of mich alive, the attack comes just out of the united nations general assembly voted overwhelmingly to condemn russia's attempts to illegally annex for regions of youth . right? and that's where we have time for businesses up next. the been for suden. i'm and you can mckinnon. thanks very much with have been done. i have been beaten. i have been sick
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a straight did because we tried to to show dirty of face of mafia all over the world. environmentalists are in danger. the enemy, roofless corporations corrupted, government agencies and criminal cartels. one i think with a design and it's targeted. environmentalists in danger starts october 29th on d. w. ah . winter is coming. europe's energy crisis is heating up and the blame game continues between bratia and the e. u. i. we all going to have to rug up in the coming weeks and months here in europe. can argentina come to the rescue? the energy rich nation says it's open to business to all sides in this increasingly
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polarized war, and is a time to treat temp stuff fairly. a proposal by the biden administration could add millions of geek workers to company tables and then fizzle. and let's do business. the theatrics continue on the world stage. russian president vladimir putin has offered to resume gas supplies to europe, through north stream to germany, suspended the project with russia before it could go into operation days before the kremlin invasion of ukraine. and since then, russia has turned off north stream one, the largest pipeline to europe. both were recently attacked. speaking at an energy for him in moscow on wednesday potent said he could still send gas through an intact section of the 2nd pipeline. despite leaks, germany has rejected the offer saying russia is no longer a reliable energy supplier. let's listen into potions offer. with russia is ready to start such deliberation of that. the ball is on the side of the european union.
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if they want, they just have to turn on the faucet and that's it, stereo. we do not limit anyone in any insurance, and we are ready to supply additional wadhams in the autumn winter period. dr. seas and who is behind the sabotage at north street. you know, obviously those who seek to finally break the ties between russia and the european union euro. so you want to finally undermine and finish off the political subjectivity of europe. but other words, recon its industrial potential and sees the market a celebrity, your promotionally, but not so. but he bought a radical gum or even corolla clay is a global energy analyst and chief executive officer of the consultants he crystal energy. she joins us from london. is this all just another distraction from the horrors of putin's war in you cry? i'm not quite sure the destruction is the right word, but definitely it's an attempt to shift the blame of high energy prices on europe. but the irony is said to why president puts in talks about governments in european
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union being responsible for the high energy prices. he praises a big plus for it's cut off $2000000.00 barrels a day. and then by itself put additional pressure on prices or prices. so i can easily see contradiction here, but definitely present, put in is trying to win support was in the you in terms of allowing more gas to flow into the european union and reduce pressure from governments in the european union on russia. at the moment though, that's not going to happen. so we'll europe get through the winter without russian gas. it's going to be a tough winter for you, especially if it's going to be a cold winter. but it doesn't mean that europe does not have any way out. they do have arthritis, they don't come cheap and some don't come in favor of the climate agenda. so i don't think europe is going to freeze like question is telling us, but it will come at a high economic price is ross or on the other hand,
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going to find enough customers for its guess elsewhere. not immediately that will take a while, because russia relies usually on pipeline gas for, for most of its gas trade, and that pipeline infrastructure is primarily concentrated in europe. so russia really is not keen on using the european market. they can divert some of their gas to asia, but that would be at a slower pace is going to take a while to compensate for the loss of the european market. so the, and i think for russia it's also a big loss of a very good customer. that is european union, crystal energy chief executive. carol, thank you very much for being on the show. thank you. the united states is reevaluating its relationship with saudi arabia after opec plus announced oil costs last week. as we heard the saudi lead cartel is slashing, production white house officials say that'll help another member of the group,
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russia to pat it's coffers with its war in ukraine. nearing 8 months in riyadh says, the decision to comp production was based on the market. united c o seller, argentina, on the other hand, is opened to business with any one and every one. it too is battling high inflation like all of us. but it's also got a lot to offer from energy to food supplies and minerals for the tech sector. the prieto moreno glazier is one of the most important fresh water reserves in the world. it's melt water flows into the santa cruz river. a precisely this point, a chinese companies building to hydro electric power plants, the company, good job, ha, one, the contract, an, an auction beating out rivals from france, spain, russia, and china itself. water is one of argentine is most coveted natural resources. environmental activists are on high alert. i. e, i, united media, i know, i know it goes on at the right. people look at natural resources as natural assets,
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a can be exploited until there's nothing left yet without comprehending that development needs to be sustainable in then, kindergarten disorders has been valued. some companies come here to plunder the resources given in us. again, in the midst of the global energy, food and climate crises, argentina has much to offer oil from the fracking formation of vacuum werta, solar and wind power, as well as hydrogen renewable energy. add to that grain meas, and even lithium for electric batteries. whether it's china, europe, or the us, all the big economic powers are looking towards argentina. diego, gwen, or the argentina chinese chamber of commerce says it's not an argentine as interest to get involved in confrontations between the western russia or between the u. s. and china. when it comes to selling raw materials, he'll probably get it jesse to,
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i'm talking about geo politics institutions, the defense or security, just about trade and say we have 2 sectors, a complement each other in energy, in europe, and food and agriculture in the asia pacific region element teacher senior, actually i do go to the u. s. government is also encouraging american companies to invest and for us firms to export argentinian energy, food, and lithium to the rest of the world. chinese interests are different. according to alejandro diaz, executive director of the us chamber of commerce in argentina. they must get them until you leave you. we see that very clearly would lithia as china has a comprehensive plan, but it doesn't differentiate between the government and private companies. and in the us, it is different, we are, the american government is interested as long as it serve the interests of american industry. amador sanchez rico. the basset or to argentina
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also differentiates between the giant potential customers and tina. for this, it will show our city and i had a lot to offer right now could be heating and feed in the world. in europe. he and unions. investment model is different from a chinese model fit as we're building what we want to create. and what we've done so far to create connections not dependency dependent yes. from the lithium salt flats of northern argentina to the glaciers of santa cruz and the size. it's a delicate balancing act to find ways to boost trade without destroying the environment. now to some of the other global business stories making use the german economy. he's headed for recession. according to the federal economy minister, the g. d. p of europe's largest economy is said to contract 0.4 percent next year. the government says inflation will hit 7 percent. the forecast comes as germany tackles rising energy prices and disruptions in supplies. international monetary
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funds says the russian economy has contracted less than expected. according to moscow, inflation has slowed and employment is high. with the i m f confirming that you saying the recession will be less severe than expected, due to high oil exports and domestic demand. u. s. chipmunk. an intel is planning to count thousands of jobs. as the p. c. market flows down, the constable likely impact the marketing and sales side of the business. in july, intel had over a 113000 employees, the chip maker is struggling from covered restrictions in it's key market of china and supply chain. the u. s. government is proposing you rules to classify gig workers as employee eats. it has big implications for right hailing and delivery companies that rely on independent contract. it's chattanooga, lift and door dash will batted by the use. all of them falling at least 10 said the
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rules would force employers to give, get workers more benefits and legal protections. it could have wide ranging impacts on company profits, wages, and what the quality of life a corresponded teddy australia joins us from bull street. what's this going to mean for companies like who but it's still there in empires on these take with his 10 what his rather walburn. these businesses really do depend on 2 things. the 1st being huge amounts of venture capital and the 2nd big, the classification of their workers, or perhaps the misclassification of their workers as independent contractors rather than employees. now this allows them to cut labor costs by denying them certain benefits, such as minimum wage. we actually just saw a recent study of california, right? chair workers who make $620.00 an hour that's less than the minimum wage. now if this rule has its intended effect,
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we would see labor costs shoot up by as much as $20.00 or 30 percent, which could be quite unsustainable for companies like uber, which have struggled to crack a profit in the 1st place. so there's a certainly alisa step towards victory for many workers and workers groups and potentially a loss for many of these companies. really cool at the share economy that it's not really about sharing around the profits. is it tell us whether or not this rule though? oh, this proposal will actually come into force and if it will actually stick, why say it's a hard, maybe we're in somewhat of a legislative or a legal game of chess right now. this rule would really turn us back to 2019, before the trump administration. impose the rule that really raised the bar for the classification of workers as employees, but even in 2019, this was certainly a ramp and issue. the department of labor believes that 30 percent of employers or
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miss classifying the workers. this is millions of workers being affected. so what we're looking at is a battle ground in which many of these companies will likely try to challenge this rule once it goes into effect. as they have in the past and spent large amounts of money on laws or ballot measures as in california to jo straight for us at the new york. so exchange, thanks for bringing us up to date. and i've been puzzling, thank you very much for your company. be nice doing business with searching for solutions. the energy crisis can wage in gas to rescue europe. how much energy can heat actually said in private home
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and generally cut transportation costs. don't too bad banking on a ton of missed the train made in germany next on d. w. it's a difficult time for it to leads rainbow family. for monica, i'm maria, ga maloney's election. victory is a nightmare. they feel hostility against the l g. b t q class community a me, in a worst case scenario, would they be ready to leave the home country? focus on europe. in 60 minutes on d, w. o. i ended the listening place of long the mediterranean
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sea. it's waters connect people of many cultures. siena almost rock and to far do korean drift along with exploring modern lifestyles and mediterranean where it has history left its traces, meeting regal, hearing their dreams. i did to you this week on d. w. ah, ah ah, ah, the modern world needs energy. lots of it, the matt need is own.

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