coffin came from substitute. i've otto murata who made it 7 nil and at a time, the red and yellows could not have hoped for a better starts a group. if it was favorites, belgium that got the better of canada, missy butts. why filling in for the injured rama lu cock, who scored the only goal and with it belgium's one know winner. you're watching dw news from berlin up next to got business for you with my colleague janelle dumas should be looking at the debate of use proposed price cap on natural gas. i'm terry martin. thanks for watching with it. they come in, know everything you enjoy, eating at home with your families,

was harvested by people more being exploited than i, diesel for the in that the, the green revolution is absolutely necessary. europe revealed the future thing determine now our documentary here is we'll show you how people, companies and countries are we thinking everything and making later changes you've reviewed this week on d, w, y. ah, a proposed gas price cap from the u. attract heated criticism. the blocks energy ministers go head to head in brussels to hash it out. we go to our correspondent for the latest. also on the show, france,

the aim to take the lead and floating offshore wind energy. but there are challenges beyond the surface and math of layoffs in the u. s. tech sector are hitting one demographic in the country, particularly hard indian tech workers. this is the w business. i'm janelle delilah, unwelcome european union energy ministers are in brussels to day where tense discussions are expected. the contentious issue at the center of these negotiations is a whole sale price cap on gas. the european commission has proposed capping the guys, the gas price, if it's $275.00 euros per megawatt hour for 2 consecutive weeks. and if the difference between that and the world price of liquefied natural gas is equal to or greater than $50.00 euro's, the measure is aimed at protecting consumers from while the fluctuating gas prices

are correspond and in brussels has more band rieger. thanks for being here. parent, i have to say this isn't terribly straightforward, so help us out here. how is this guy's gas price cap, mantell, consumers, consumers and also businesses would only benefit indirectly from this gas price cap, because it would protect gas supply companies that are buying gas at the spot market in the netherlands of from spiraling a gas. prices are extreme spikes. and gas prices, so that's by many countries in the you are calling for a more earn strict gas price kept on hold. so prices that would keep prices lower. and some countries already have a price caps for consumer prices in plays so that consumers actually pay less every months. but then this is very costly because the states that have to pay the

difference between the consumer price and the whole so price. so it's a very complicated discussions and some countries said this proposal on the table is utter nonsense and will it will not work. and other come countries argue no. any prize kept that is more severe. would restrict supply than the renders of gas, would just turn away from europe and sell their gas some elsewhere. yes. now we've been talking earlier about how specific this proposal actually is. it's been criticizes, criticize for being designed. you never actually care again. that's why some of the critics are saying, is that justified? well, this pres, cap or the this mechanism to, to cut excessive prices comes with a lot of conditions. and if you look at it, it would not would have never been applied this year because the prize in august was like $340.00 euro's but only for

a couple of days. and the price kept would only kick in after $14.00 days of excessive prices. and as it stands now, the, the gas prices at 125 years right now, and the cap would be a $275.00. so there's a huge gap here. and many countries argue this will never be applied. so what's the purpose of it? indeed, thank you, van triggered they're speaking to us from dw brussels now as they've seen rush as warren ukraine has made european energy a top priority of emergency policy making. what countries on the continent more determined than ever to diversify supply france, although mostly relying on nuclear energy aides, to take the lead and the area of loading offshore wind power. now that's a promising source, but there are quite a few hurdles to overcome. mila was having this basket. a recent press chip to this construction site displayed what could be one solution to future

energy crises, floating offshore wind energy. the company's developing this pilot project are investing 300000000 euros. in 2023. the wind farm will be towed to the site. 17 kilometers off the coast. will m. lamar? it's powers limited equal to just a 40th of a nuclear reactors. capacity is gone, but floating offshore wind energy is a bearer of hope. unlike existing renewables, it could produce electricity, 247 them failure on their traditional offshore wind. farms can only be constructed in waters that are up to 50 meters deep. the floating platforms can be installed further away from the coast where the wind is stronger. these wind farms could be key to reaching carbon neutrality. francis taking bids to construct 3 commercial floating offshore wind farms and their 10 times the size of the pilot project. this

economist agrees floating offshore wind energy is promising. yet questions and challenges abound. lonely early that france should try to take the lead in this market. it's lagging behind regarding bottom fixed offshore. wind farms also due to legal challenges. it's a question of not losing face, but it's not clear yet. which technology will when the day. there are several technical solutions in the market, and a lot of steel is needed to construct the platforms. finding that steel might prove a bottleneck material. france will have to compete with other countries such as portugal and scotland, which are also eyeing floating offshore wind energy. in any case, the projects developers are determined to become an important player in the market here, or broad. as of april yellow with france as well positioned bidding for commercial

projects is underway. we are hoping to be awarded these industrial projects in the mediterranean sea and of brittany. but we are also looking at markets such as the us, china and taiwan. by you, i. the global potential for this technology is estimated at $3500.00 gigawatts, which represents as many nuclear reactors. but that won't be any time soon. frances 1st commercial floating offshore wind farms won't produce electricity until at least 2030 now to some of the other global business stories making news. a german part is getting its 1st ship specialize in liquefied natural gas. the floating storage and re gamification unit known as neptune arrived on an island port in north eastern germany. it's part of german efforts to offset russian gas, which was shut off following the russian invasion of ukraine. paris is challenging

london's lead as the home to europe's biggest stock market. according to latest numbers, the market value of all the companies listed in the french capital has increased by nearly 60 percent since 2016 at $2.00 trillion dollars. it's closing in on the value of london shares at $2.00 trillion dollars. the european parliament has adopted a budget for 2023. the nearly 187000000000 euro package includes new funding for tackling the consequences of the war in crane. renewable energy and recovery from the pandemic king. it's been a rough few weeks for attack worldwide. more than 100. $20000.00 tech workers have lost their jobs as a result of cut backs by west tech companies. november alone accounts for about 42000 layoffs. indian workers in the us tech sector are being disproportionately

hard hit. many indians working in the tech sector in the us are in what are known as h one. b visas, according to deed, are from us immigration services. amazon lift met our sales force, stripe and twitter have a sponsor at at least 45000 each one b broker as in the past 3 years. but after some of the top ranking tech companies increase their head count by more than 80 percent between 20192021, the sector is now correcting that optimistic hiring spree to reflect falling revenues. i asked her a deli correspondent, charo katie k r for an assessment on the impact of these lay offs. well, of they're really where janelle and they are, are unfolding even as we speak, according to some reports, as many as 25000 or workers have been laid off in the us in various deck companies

just this month. and according to another report, or this year, more than 122 more than 120000 arctic workers have been leaders worldwide. but these are all u. s. beast tick companies now are, are these layoffs are affecting people from all nationalities, including americans? but then as reports have been suggesting for years that are foreign workers are a big part, oster dec industry in the u. worse and indians are a form of a big chunk of fir. now these foreign workers will work for the american tech companies. and most of them are on temporary visas, which are called each one b visa. so yeah, it's a big problem as of now, janelle, so to what degree are indians in the united states tech industry getting affected by this development? whenever indians are getting affected in a big way, or because of indians form a large part of the silicon valley and they reside there in big numbers. in fact,

a lot of a usb stick companies are led by indian c years, but that's as far as the top rung is concerned. there are many, many in indians who are working at various levels in various tech companies. and in, in tech roles engineers specifically, even in sales and other kind of roles. now are many of them have been reporting on social media over the last few weeks that are of people in senior roles who were and not at all expecting to be lead off. d, have been leaders, and now they are facing the prospect of coming back home, which is also problematic because of 2 reasons. one, because many indians have a huge educational launch to be off because a u. s. education is very expensive or with indian salaries, and they're there too, because a lot of these indians have also spent years building a life in the u. s. and now because of the temporary h one, b visas for the turner,

they have a timeline of about only about 60 days to arrange alternative employment prospects or the go back home. janelle, clearly a lot of knock on effects there. but what does this mean for indians? planning a career in the u. s. is it now less attractive to people they're back on? well, edward certainly seems so right now, it remains to be is seasonal, whether these are temporary disturbances or this is a long term thing. tag definitely seems to be going through some kind of a shake up globally. even indian tech companies have been fighting people left, right, and center this here are, these are have also been a problem. reason for indians. there are reports that are in the, in some consulate, visa appointments are, are, are delayed by about 800 d. s. for some people, and at least 100 is for many. the indian government has been talking to the u. s. government for expediting the visa. a visa crisis, but then if this is something that is likely to remain in the long term, then

a couple of a with the but then lee offs and with the churning that is going on in the tech industry, it might take on the but the shape of something long term and it might affect decision of indians to move to tech companies in the u. s. and janelle, thank gail. it terrified to care for a database videos, and i, thanks for your time at 80 and that's all for me and the business team here in berlin for more from us had to d w dot com slash business, or the d. w. news into channel. we're also on facebook at the w dot business. thank you so much for watching ego india. less pollution and exploitation, but more sustainability and fairness of pressure on the asian textile industry is mounting. designers and factory owners need to radically rethink their approach.

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