Skip to main content

tv   Business - News  Deutsche Welle  October 20, 2022 1:15am-1:31am CEST

1:15 am
of that case, and we are following it closely, concerns are being raised with the authorities as well. what we have to stress is that women should never be prosecuted for what they, where there's to should, they should never be subjected to violations such as arbitrary detention or any kind of violence. which regards to what they were anti government protests in a ran spot for the death of a woman in the custody of the countries notorious morality. police have entered a 5th week now the authorities, treatment of another woman, will be closely watched. and so watching business is coming up next ah, making the headlines and what's behind them. dw news africa, the show that faculty issues shaping the continent. life is slowly getting back to normally on the street to give you enough reports on the inside. our
1:16 am
correspond that he's on the ground reporting from across the continent. all the trends doesn't matter to you. t w, news, africa every friday on d. w as you go to use is to thought they will grade, he will be able to do . ah, the us state of missouri pulls money from state pension funds, manned by investment giant black rock. the reason that to avoid backing it quote, woke political agenda will ask our financial correspondent what's going on over
1:17 am
coming up turkey and russia agreed to establish a golf hub on the black sea. but will the move have any impact on the energy crisis? and why chimney sweep in the united kingdom are seeing a 3rd in demand for their services. this is d w business. i'm kate ferguson. thanks for joining me. the us state of missouri has followed louisiana by pulling hundreds of millions of dollars out of pension funds, managed by investment company, black rock, the state treasurer's. they. the company is prioritizing environmental, social, and governance issues over shareholder returns. a strategy they say is part of a woke political agenda. ironically, environmentalists say black rock isn't doing enough to divest from fossil fuels. black roxio, larry flynt defended his company's investment strategy thing. he knows he's doing something right when he's being, quote, attacked equally by the left and by the rice. that's close to dw
1:18 am
financial correspond correspondence, teddy, also in new york. teddy, this just seems a little bizarre. can you explain to me what this accusation awoken us actually referred to in this context? certainly pretty bizarre, given that woke while it's original, meaning coming from african american vernacular, just means awareness or consciousness of social and racial justice issues. but in recent years we've seen conservative republicans use it to derive anything that has a width of progressive change. now in this case, we are seeing a number of elected officials and otherwise use it to derive financial institutions such as black rock, other businesses that limit investment in any way to the oil and gas industry. that includes offering products of environmental social governance standards. and of
1:19 am
course there's an irony here given that black rock is heavily invested in fossil fuel industries, there certainly is a little bit of an irony there. and there is a lot of movement towards more value driven investment. teddy, but this intervention by stay 15, new and different. where did you see this trend going? it's certainly become a trend and i would say that we're going to see more of it perhaps on other issues . we saw louisiana make a similar move earlier this month, pull out $800000000.00. and we've also seen a number of states republican elected officials enact laws or proposed was in florida, texas, west virginia, oklahoma to limit or punish, or band companies, financial services, and businesses that speak to limit any investment or lending or what have you on the oil. and gas industry, and of course, black rock is getting
1:20 am
a beating from the left as well for being invested in oil and gas in the 1st place . so black rock will have to decide which side they're going to follow. fascinating stuff to the new york. thank you very much. now to some of the other global business stories making news. shareholders of spirit airlines have voted to accept a $3800000000.00 bio from jet blue. the deal which could still face a challenge from federal anti trust regulators would make jet blue, the 5th largest airline in the us german cards i and b, m w is planning to invest 1700000000 dollars in the production of electric vehicles in the us the funds will be used to expand its factory in south carolina and to build a new plan for battery, assembly romania and other by john have signed an agreement to invest in a liquefied natural gas facility on the black sea. the romanian prime minister said
1:21 am
the project would lay a foundation for a 2nd mode of energy transport to europe and would help the continent achieve energy security. turkish president, rash of type r one says his country has inked an agreement with russia to establish a natural gas hub in turkey. this game would enable more russian gas to reach europe through the turk stream gas pipeline. running under the black sea. the plant, apparently in the worked for years, was a nurse at a time when russian got supplies to germany via the nor to 3 pipeline on the baltic . sea have been told that turkish and russian energy authorities are reportedly planning to establish a golf. just be sure, center with a probable location of turkey border with greece and bulgaria. to unpack lot all of this means let's talk to our correspondent in turkey. dorian jones, dorian, what exactly is this plan golf hub? what would even happen there?
1:22 am
well, there's a big mystery about there's no one really knows quite what the details of the details are and, and on crow also appears to be in the talk. they were quite surprised by this announcement by russia old turning turkey into it got up, and it's still unclear what and how this proposal actually work. although alexi miller, the head of guests from the russian guest provided last week, speaking on march in state tv, this keeps some flesh to the power and proposal whereby apparel pipeline movie built next to took stream, which is the main provider of brushing gas for turkey. and he said that with double the capacity of delivering gas to turkey from 30 to 60000000000 cubic meters a year is quite, that is only a 3rd of what the 2 stream pipelines that was supplying europe was supplying. but it's still a substantial amount. and if it was to occur, well those a big project is one of the deepest on the water pipelines in the world. it would
1:23 am
still make turkey a considerably bigger supply of gas to the region. but this plan would essentially say russian goth reaching europe via the black sea instead of the baltic sea. no europe at the same time was trying to win itself all russian energy. what difference would this new route make? well that has to be the, the big question. a lot of people are asking, given the fact that this proposed new pipeline, that would be bill would take at least a year, possibly even longer. and that's at the time when europe is desperate effort to reduce it dependency and to bring an end to russian energy supply to, to europe. and by the time this pipe, i'm a come on stream who would be actually buying this rushing gas remains very unclear . and i think that is adding a lot of skepticism about what this project is and if it is really viable economically or even realistic. and dorian, if you can, this is an economic decision for pressing the recipe by doing this. yes,
1:24 am
well it is seen as an important economic decision one, although it does come across plan. so if he had in mind that turkey would provide the, will turn to supply of gas to europe for possibly iran and iraq and other other countries in the region as your book, brutal turn to supply from russia. so this scheme does it seem to undermine that, but the same time one needs to work with russia. he's looking for a reduced cup price seal of gas, full turkey, this winter and also the deferment of payments for that. got to pull off the next election, which is seen as crucial in terms of avoiding a possible balance of payments crisis. so there's one in many ways is dependent on food and in many ways. and that is why he seems to be going along with this project toward jones, and it's all thank you so much. and finally, netflix as attempt to win back customers appears to be working fine, largely to a new are supported option. the streaming platform find out nearly 2500000 new
1:25 am
subscribers in the 3rd quarter. that's almost twice as much of investors had predicted. the new lead to a 14 percent jump in its share price. fish, finance minister, jeremy hans as further i was ring cuts will be needed to shore up his country, the finances. his comments come after he reversed the majority of the measures prime minister and his trust announced in her recent many budgets against the backdrop of the cost of living crisis. it's perhaps no surprise then that many brits are turning to cheaper and more traditional ways to heat their homes. ah, jack parrot balances on the roof that had been bridge. he's never been as busy as he is right now. his task is to prepare the old chimneys for everyone who plans to start using them again. the lid here is to keep birds from nesting inside the chimney. nearly every customer has said they're going to use this.
1:26 am
ah, it costs. in this case, stoves and fireplaces will be helping warm homes. again, since the beginning of the month, energy prices in the u. k. have been kept. still heating with gas is 3 times as expensive as it was last year. i joe, i saw last. good. see you always this is why sarah k had her oven refurbished by jack recently. she's already been relying on it. so today jack came to clean it. the put me to run 2 hours a day and the wood buddy no for the day and the heat rises and it's kept the house with them. so i cut my fieldstone for sarah, the effect is noticeable. her heating costs have stayed almost the same. that's a success in itself. she now pays mainly for electricity and hot water would however, can sometimes be free, free would. because if you count cold in that,
1:27 am
and if you love to talk, but how would she chuck, you know, if you pay for coal, but she'll just look in and getting good from nature from the woods from the ground is free burning. all that would is not good for the environment, but the need to save money seems more prominent than climate awareness for some people right now. the desperation in the u. k is growing, even with the price cap. the bills are hefty demonstrations, like this recent one in london have been seen in every major city. even though britons don't typically tend to protest. yeah, i'm reluctant to put my hating on. i'm not a very high wage. i'm and a lot of people, my family friends, they're very worried that they won't be able to pay their bills. we've been badly paying off our bill is as it is. and now that we have to consider putting on our heating. and i've done that actively. i've changed,
1:28 am
i've stopped choosing the boiler where i can for now sarah will continue to collect wood with her son. after its been sufficiently dried, it will be one less thing. she and her family have to worry about this winter. and that brought up our show for more you can always log on to d, w dot com slash business, or check us out on facebook. we're also on the deed of the news channel from the in the team. it's to buy a ticket with declaring bull on garbage. in bosnia citizens movement is fighting environmental pollution. it's founder ecology, professor suffolk cooper is taking action with state authority have failed.
1:29 am
the cross folder initiative says it's time to clean up that home. focus on europe. next d, w, enter the conflict zone with sarah kelly. moscow has step to fade pre winter campaign to strike civilian infrastructure in ukraine using missiles and drones and my guest this week on conflict building from the berlin foreign policy for him in nato secretary general. yes, chilton bar, how far can natal members increase support for ukraine? go to help feed, repel clinton's invasion conflict with a 60 minute dw with ended glistening place of the mediterranean sea. its
1:30 am
waters connect people of many culture. ah, seen it almost wrong. and so far, abdul karim drift along with exploring modern lifestyles and mediterranean, where has history left its traces, reading regal, hearing their dreams, eddie, to join this week on d. w. ah, ah, this is focus on europe, i'm laura babylon, thanks for your company today. moscow is stepping up.

21 Views

info Stream Only

Uploaded by TV Archive on