don't forget, you can always get the, the, the news on the go to download our app from google play or from the apple app store . it'll give you access to all of the latest news around the world, as well as push notifications for breaking up next sunday, w news. my colleague, janelle malone joins you with all the latest from the business world. so have more on the energy deal between germany and can tar that has just been announced to stay with us if you can for that. in the meantime, i'm sorry, kelly and berlin. thank you so much for watching. ah. so i'm just kinda, i think that's hard and in the end is a me, you are not allowed to see you anymore. we will send you back. are you familiar with this reliance of the what's your story

with. ready numbers, women, especially victims of violence in labs and take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information. how guitar in germany strike an energy deal, the gulf nation has agreed to supply. europe's biggest economy with liquefied natural gas. as berlin seeks to replace brush and energy flows also coming up after days of protests, china streets are quieter, with

a heavy police presence. will the government keep cracking down or given to demands to roll back? it's 0 coven strategy. and we look at a railway project, mexico's government hopes will bring more tourism to remote, my insights. this is the w business. i'm janelle dumas on welcome guitars. energy minister has announced a long term deal to supply gas to germany. 2000000 tons of liquefied natural gas will be delivered annually from 2026, with the deal set to last at least 15 years. the agreement between katara state energy company and u. s. oil di canoga phillips will see ellen g delivered to germany's northern ones, but old terminal. germany has been scrambling for new sources of gas to replace russian supplies in the week of the war in ukraine. christoph rule is

from the center of global energy policy at columbia university. thank you for being here, christoph. so in terms of actually replacing the rush and gas flows that germany wanted to win itself off of how much will this deal actually help? good morning. so it's not going to be over magnitude which will change the, the gas for that's for gas where. ready for germany or europe, it amounts to about 3 percent of germany used to consume in 2021 before the war started. but it's a start and as they say in english now, every little helps. and i think there are 3 important points of the background here which, which, which are worth mentioning. the 1st one is this is the 1st time of course for germany to engage in that kind of contract. and to keep one of his terminals busy. this comes into bonds, little starts only in 2026, but it is sort of a stepping sworn on which to build. the 2nd is, it's not only

a 1st for germany is also for us, for cut, are not only in delivering to germany in working with germany. but it's also coming from a new segment of the north field, which is, which is what they're just trying to produce. and gas together is konica phillips. this is all the american company should send that to you. and the 3rd one is the most important one. there was a lot of haggling, not so much for the cut over capable of willing to deliver gas. and that the germany was capable of taking it, but about the length of the contract for many reasons. and was 15 years there now agreed on a contract length, which is considerably above the short term which germany wanted and considerably low the long term cutout wanted cut. i wanted to use the current priced items to lock in a contract much longer term. they have at the same day announced a contract with china for 27 years. so you can see that between 0 and 27 germany, it's not just like i mentioned the length of the contract. we are still talking

about a long time contract, even though it's not as long as the guitar is warranted. we're still talking about 15 years. what about germany is client climate goals? doesn't l n g then endanger those goals? that is a very interesting development you. when you think about 10 years back or so, it was all the pipeline delivers of gas like countries like russia, which wanted long term contracts in which very used to long term contracts. the gas markets for, you know, when you have a pipeline goes from a to b, that is really to market and you fix it with a long term contract. that was a boring market following, following oil prices more or less. it was only risk. the merchants of liquefied natural gas, that suddenly gas could be delivered everywhere and coming from everywhere, like the oil market and as a result of market price. and so to just liquefied natural gas, and the shipments would go all over the place and price on until it resulted, which was unknown for in gas markets, f countries competed toward the recent export us computer to customer. and again,

it was the ship us with gas pipelines like russia who wanted long term prices and to didn't like the short term costs. now prices are so high that the delivery of energy like cuts are the ones one long term contracts. the policy will look in was young prices like germany, one shorter trunk process, but for climate change, i mean it's, it's probably on avoidable to switch to gas to some, some people skiing as you transition take longer. okay. then we thank you so much. first off, rose from the center of global energy policy at columbia university. we have to leave at fair. thank you very much. thank you. paging is cracking down on protests against 0 coven strategy and several cities. the chinese government is detaining people, censoring social media, and suddenly tweaking its strict measures in a bed to quality on ref. meanwhile, global markets are already recovering from monday, fell off, but the uncertainty remains the protests or just the latest challenge posed by china. 0 coven strategy. which has already destructed supply chains and her chinese

consumption. dom joined by theresa fallon, she's a director of the center for russia, europe, asia studies, and our correspondents who. so han, who is following the story from taipei. welcome to both of you, starting with you. so it seems like we're not seeing as many protests today, is it because of the crackdown yes, the authorities have started standing please to investigate the protesters. and now the chinese government and pro china activists are deliberately portraying the protests as a result of foreign intervention. and that people in major city such as saw high and beijing have been randomly asked by please to check their mobile phones on the street as subway stations or shopping malls to see if people have installed overseas. social media platform such as twitter, instagram, telegram or are using the p n. and that is why we're not seen as many protests a day. now protestors clearly on notice, but you know, it was always

a risk to protest in china anyway, but theresa, i wanted to turn to you. a tipping point was clearly reached here in china. what this is, unrest tell us about the country's economic model. i think that this protest, incredible because the entire country in cities across the country, everyone was protesting. this idea of the surveillance state didn't seem to work at this point. and of course there are cracking down to day with censorship and, and no one can find out what's going on online, but we see how there's a real lack of trust in the government. and this whole idea of legitimacy that they have to do i, how do i see this are they have to deliver on the economy? and after 2 and a half years will be locked down, they have been unable to do that. so people are getting very frustrated, we've seen the markets go up and down, and all of this. and the biggest problem of all is that there has in the last 2 hours, the foreign ministry has stated that they will increase vaccinations. americans

responded very positively to that. nevertheless, they will use chinese vaccines which have a very low effective rate and only about 40 percent of the elderly population are vaccinated. so this doesn't look very good. it, when they do eventually opened up, it was almost a lot of fatalities because they don't have any natural immunity. and the whole idea of the o micron has really changed everything. it's so infectious that the 0 common strategy clearly is not working. yes, the german government has even suggested that they perhaps finally allow western vaccines, but so she didn't things government seemed to have a choice. now between meeting the protesters demands to rollbacks hiroko head are cracking down even harder. what do you think we're going to see? your schema, we have the response from the chinese government to the protests on it says that the closure and control measurement should be quickly and promptly resolved to

reduce the inconvenience costs to the public by the epidemic. it did not mention the realization of the 0 coffee policy, but refer to the improper closure as an action by local governments and asked the public to step up and report. however, the same media still emphasized that there is no waiver enough, is there will be policy. so we'll see how beijing can optimize it to a level that there people can accept. now, theresa, what do these protest mean for china's goal of becoming the world's largest economy? by 2050 i think that even though these protests have happened, there are still some 5 major issues that the government has to tackle. so they have the oldest population in the entire world. they have huge demographic issue. people are having even less children during covered $900.00. so that's been accelerated productivity has stalled. people are moving around. so there's very little economic activity over 20 percent of the companies are actually in lockdown. so this has

huge economic impact. but i would suggest, you know, people are really connecting the dots here today in progress. there's the natal meeting and the check for us to poor has had the biggest effect on the chinese economy. and so more than any of trumps sanctions or any other activities he didn't for years. so what was done kind of brother quietly by the, by the administration has had a massive impact on china and their supply chains. so i would suggest how things play out at the natal meeting today in progress. us is trying to get l a. supports on the supply chain issues and not to exports, high tech equip china that will be the real a barometer of how the chinese economy will perform. and this also, it is an indicator at it the people are so angry with the current government. one thing that can unite people is maybe some sort of activity towards taiwan. so markets are also factoring that in so many factors that play theories of fallen

china expert at the center for russia, europe, asia studies and are corresponded to some hon. thank you both. thank now to some of the other global business stories making news. twitter owner ilan mosque issued a threat to apple saying the tech firm cut ads on twitter and threatened to block the up. he targeted the eiffel maker and several tweets, asking whether apple halted, hated free speech, criticized that's up fees, and wondered whether it would go after the other company. tesla block fi has become the latest u. s. crypto currency lender to file for bankruptcy. just a few weeks after f t x did the same f t x was blah fie's, 2nd largest predator causing a domino effect. when it went under. the company says it was money to more than $100000.00 creditors. china's biggest property developer ever grand has sold a parcel of land for 1000000000 euros to mitigate its worsening financial position

. the company has been offloading assets to pay off. it's 300000000 euro debt. the land in sons then was initially intended for southern tech headquarters. the european commission has approved germany's plan to give rail operator deutsche about 530000000 euros. the package is meant to help the company compensate for losses. stemming from the pandemic during 2021. this is the 2nd time the commission has approached a such a measure. and a reminder of the top, as the stories were following, for you, this hour guitars, energy minister, has announced a long term deal to supply gas to germany. 2000000 tons of liquefied natural gas will be delivered annually from 2025th, with a deal set to last. at least 15 years. germany has been scrambling for new sources of gas or place of russian supplies and the week of the war and great bay jag,

it's cracking down on protests against it's 0 coven strategy. and several cities. the chinese government is detaining people, censoring social media, and foot lead tweaking is a strict measures in a bid to pile the unrest. meanwhile, global markets are already recovering from monday, fell off, but the uncertainty remain. that's all for me and the business team here in berlin for more from us, had to do w dot com slash business for the need to with what is best timing? the exclusive interview with german federal president stein meyer discusses his upcoming trip to the balcony and his thoughts on the war in ukraine. godsa duncan is indeed mentioned in the old kline mood dish on the zip codes for

stones ish. the ball and the interview on the w. sometimes books are more exciting than real life. raring to read. oh. what if there's no escape? do w literature list laundry, german ma street. ah, pittsville common m daughter val. it won't come to dodge bella, president, thank by just i maya. thank. thank you very much. have winds president, mister president. we'll talk about ukraine and the western balkans in just a moment. but 1st, looking at the current events in china, i would like to ask for your assessment what.