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tv   Business - News  Deutsche Welle  October 21, 2022 11:15pm-11:31pm CEST

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capital a former president is required to appear next month, but it's not yet clear whether or not well actually comply and authorities in nigeria or warning of a looming hunger crisis. the worst flooding for a decade has killed sleep. at least 600 people left more than a 1000000 homeless and destroyed formed. you're wanting to you that we knew from breland coming up after the break, kate ferguson has our business update and of controversial chinese investment in the german port of hamburg. do stay tuned for that. i'm to call for the thank you so much for watching. a vibrant attended, glistening place of launch the mediterranean sea. seen it almost far and to follow dual career drift along with exploring modern lifestyles and added terrain. like you to me, you journey this week for d,
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w ah leg up. oh, what people have to say matters to us. ah, that's why we listen to their stories. sh reporter. every weekend on d. w. ah, a, a radically reduced workforce and a potential national security review reports about how twitter might look under ilan must have left investors feeling jittery. we'll get analysis from our financial correspondent in new york. also coming up, germany's chancellor are all off shows defense aplomb deal that would see chinese investment in the course of hamburg. and as winter approaches,
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germany is speeding up construction of a liquefied natural gas terminal. a key step towards becoming less dependent on russian energy. is the state of new business. i'm kate vargas. from the thanks for joining me. twitter is work for us, could shrink by 75 percent as ellen mosque $44000000000.00 acquisition goes through . the move would leave the company with just a 2000 employees. job cut had previously been expected with a must take over, but not to this magnitude in a separate development. bloomberg is reporting that the biden administration may be planning to conduct a national security review related to the takeover. with questions raised over the individuals and groups must invest with twitters share price dropped on the news. to talk more about this, i'm joined by d. w. financial correspondent had the author in new york. hi teddy,
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good to see you. tell me about this potential national security review. what's going on here? well, 1st things 1st. it's important to note that this does come from anonymous sourcing . so do with that what you will, but apparently u. s. officials are going to top are and discussions to tap an inter agency committee, the committee on financial investment for an investment in the united states to review the business dealings the operations of ian mosques. companies for national security risk. now apparently u. s. officials are become uncomfortable with some of his behavior, specifically the threat to pull star link. that's the constellation of satellites that bring internet from ukraine as well as some of the foreign investors. in the $44000000000.00 deal to buy twitter, that's a saudi prince of finance, as well as cars sovereign wealth fund. and what about this plan that must have
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to shed 75 percent of twitters workforce apart from the obvious impact on the individuals and their families involved? how would this affect high twitter actually operate as a company? what twitter or 1st of all denies that figure 70 for santa musk apparently told this to potential investors. but regardless, we know that twitter is planning lay offs. they've already slowed hiring and we have reports that they want to cut payroll by $800000000.00. now, whether it's $5000.00 employees being laid off and as in must plan or less than that, we know that this could affect the operations of the company. are there are concerns specifically about content moderation, as well as combating security risks. and this is what we heard actually from a whistleblower in september saying that they have done poorly in both of those domains. teddy alter in new york,
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thanks as ever for your insights. german chancellor. all of charlotte has defended plans, but would see china's cosco shipping group acquiring a steak and a container terminal in the port of hamburg. speaking to the village newspaper, he said, such a purchase was quote, nothing unusual. among those opposed to the plan is economy minister will bet high back who says the move would increase the german dependence on china and potentially leave it open to blackmail? earlier we spoke to folk a tire from the association of german chambers of commerce, who made the case in favor of the deal going at when it comes to the investor. then one has to take into account that this company has invested in many other parts in europe and, and hamburg is up to now in, in a position where we say it is with disadvantage. and this is just
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a next step to a level playing field. and on the other hand, it guarantees are safeguards a bit more the access also to chinese markets and imparted goods to too many which are desperately needed right now in terms of terminals in the supply chains. tucker, either now to some of the other global business stories making news. the 3 largest u. s. airlines, united delta and american airlines made a combined profit of more than $2000000000.00 over the summer. they say the shift to hybrid work is ceiling, stronger demand for travel and maintain. there's no indication that consumer concerns about inflation r. pershing. ticket sales drug maker pfizer is hoping for an up to 4 fold increase in the us price. if it's coven 19 vaccine. that's once the vaccine moved to a commercial market next year. analysts say this would increase the company's revenue
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for several years. the contract pfizer has with markets outside the us are fixed in price until the end of 2023. an increasing number of northern europeans are heading to spain in search of warmer weather and lower heating bills. spanish landlords say they're welcoming more visitors from norway, sweden, the netherlands, and germany. aside from boasting hot or weather, spain, it depends less on russian energy. now in the united kingdom, the resignation of prime minister and his trust has drawn renewed attention to the countries economic crisis on the policies her successor will need to enact to curb soaring inflation and energy. in security reporter karl hall, looks back on the turmoil that was on vast, which may be still to come just hours before prime minister lose trust his resignation. britain's opposition leader gave a scathing summary of her time in office. the countries got nothing to show for it
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. except the destruction of the economy of the implosion of the tory party. i've not the list here $45.00, pre tax cut gone. corporation tax scott gone. 23 tax got gone to your energy freeze gong, tax, free shopping door, economic credibility ah, and her suppose best friend, the global counsellor. if god was well, they're all gone. so why? she's still here. but then she too was gone in her wake, the pound found new buoyancy, but ordinary britons are still struggling to stay afloat. and the british conservative party is clutching at straws. if the new concerted leader believes that they can, ah, take control of the energy crisis that they can make sure that light stay on this winter and that are eating stays on this winter. and that the cost of living crisis is dealt with that people feel they have more money. okay. it's by the time of the
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next election. i think that's the best they can hope for. and maybe in that scenario, some answers will be willing to forgive the conservatives for their present chaos if ah, economies in a different place. by the time the next election, the president of the european parliament said other countries should learn from the turmoil in british politics. that yes, when i economy decisions are taken, sometimes they course democratic instability or governmental disability. that is perhaps ellison at all governance. and it is one that i look forward to see resolved and united kingdom as quickly as possible. but political analysts are saying that won't happen as long as the deeply divided tories remain at the helm. spain, portugal and france have agreed to build an underwater pipeline between marcy and barcelona, that would carry natural gas and eventually hydrogen. the deal comes after the 3
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countries decided to abandon plans to extend the mid tat gas pipeline that would have led through the parent knees. meanwhile, germany is building pipelines that are to connect a for alan g terminals under construction to the national grid project, like this would usually take years to materialize. but the ukraine war and germany's energy needs have created a new sense of urgency. this building site is located from the german coastal town of williams, half im the pipeline under construction is part of germany's urgent plants reduce its dependence on russian gas. in a quick nerve hammered us for them that when it rains, we have a problem. the ground is very wet here and it makes the work much harder. normally, at this time of year, there's no construction work around here that is outside. but the energy crisis caused by rushes worn ukraine has made the work more urgent. and just a few weeks liquefied natural gas from guitar, the usa and norway should be flowing in the workers going ahead pretty much around
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the clock. despite modern rain, the construction workers carry on the van bison into our fabric side. we will be ready by winter, december 20th, is the plan for commissioning the line, which can then guarantee the supply for the winter activella such and come a few days after that, the 1st l in g tanker is due to arrive the special ships conduct at deep sea ports, then a mobile special pump ship will convert the deep frozen energy into gas and send it through the new pipeline environmental us and local citizens initiatives often oppose this kind of infrastructure project. objections, in court hearings, often delay construction for years. but this time it's different of going to know to, to at soon because of the emergency situation, we're complaining less about the pipeline than we would otherwise. of course, it's never optimal when something like this is built by nature of ronnie bundari is
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already thinking about the time after the gas crisis. in a few years green hydrogen could flow to these pipes, instead of natural gas. against the light on and by sash avo lines are hydrogen ready. this means that the entire pipeline is already developed in such a way that it meets the hydrogen standards. but 1st, the manager and her team have to ensure that the 1500 pipe sections are put together in good time for winter. and finally, researchers in central japan are diving to new depths for a better tasting brew. they teamed up with a local brewery to ain't beer in sea water. this had $200.00 bottles at a depth of 4 meters for several months. the result, they say is an increase in carbonation and a stronger aroma. the researchers have done similar tests with wine and soccer and believe it changed the savory mommy tastes in the beverages. they hope the c 2
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thirds will someday become a local specialty. and here you and tiers to that. that wraps up our show for where you can always log on t and t, w dot com slash business. you can also find us on the dw news, you tube channels for me and the entire team here in berlin, its good by taking ah, what? making the headlights and what's behind them? dw news africa. the show back samples. the issues shaping the continent. life is slowly getting back to normal. yeah. well, the streams to give you enough reports on the inside. our correspondence is on the ground reporting from across the continent,
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all the trend stuff. the mazda you next on d, w eco, india. oh kimberly. and whoa. oh, in ongoing decline in demand has reduced the number of sheep herds causing the ecosystem to suffer. now some local organizations are trying to rejuvenate the world trade which would revive traditional craftsmanship, am to benefit the environment. eco. in 60 minutes on d, w. o. if you take a minute, if we see you enjoy eating at home with your families, was harvested by people more being exploited donati swiftly in the
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green revolution of absolutely necessary europe revealed the is seeing determine now how documentary series will show you how people, companies and countries are we thinking everything and making play to changes because europe revealed starts november 3rd on d w. this is deed of the news africa coming up on the program nigeria ways through it's west flooding crisis. in the decade. much of the country is swamped and more than a 1000000 people have had to leave their homes. we hear from some of them and also discuss what caused the floods. also coming up if the opposite extreme in the horn of africa, which is once again experiencing prolonged drought.

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