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tv   Business - News  Deutsche Welle  November 29, 2022 10:15pm-10:31pm CET

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you watch the w news next you w business news with rob watts, germany and guitar siding, a major gasdio aimed at replacing energy that was once provided by bruship. i'll see you tomorrow with the ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect habitats? we can make a difference. global ideas, environmental series in global 3000 on d,
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w, and online. hello guys. this is the 77 percent. the platform for africa. you beat issues and share ideas. you know, on these channels we are not afraid to pass and then he keeps talking. young people clearly have the solution. good future to the 77 percent every weekend on d. w ah, germany and kata sign a major energy deal. the gulf nation has agreed to supply yours biggest economy with liquefied natural gas through to the 2014. but is it the right move for berlin? kind of us rail road strike b. c. president biden is urging congress to step in for the sake of the american
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economy. i'm more controversy on the rails in mexico where local say, a new tourist train, done untold damage to the environment. is the state of your business on robots in berlin. welcome to the program. germany takes another step away from russian energy . berlin has signed a major liquefied natural gas supply deal with the government of cutter. 2000000 tons of l. a. g will be delivered annually from 2026 with the deal set to last. at least 15 years, germany has been scrambling for new sources of gas to replace russian supplies, which made up the vast majority of imports before the invasion of ukraine. on this, i've been speaking to heading glo, stein, director for energy, climate, and resources at the consultancy eurasia group. i asked him how far the deal actually goes to was replacing germany's russian oil supplies. it doesn't actually
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go very far, but it's still important because i saw it germany is doing at the moment is the lining up literally all the little ducks to replace that huge russian volume that used to come to germany. so 2000000 tons from 2026 from capital will help as have the several of the deals. germ utilities are have signed with support of the gym government for importing more energy from the united states. more pipeline gas from russia, f sorts are not russia from norway and many other sources. so it's, it's significant. and it took a long while because both sides are very different ideas of how they would see an ideal agreement. and it is quite a compromise. and it took many months to greet us. yeah, there were some differences in the negotiation, but i say that the world cup has especially light on other differences, particularly ideological differences between germany and kata. and i was just getting out of this relationship with russia, partially because it disagrees significantly on one major issue. but i now why's,
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is it to be signing deals with other nations with him? you do have such differences that isn't unfortunately a problem. you have a cross, virtually all a fossil fuel supply chains and actually not just fossil fuels, but in oil, gas and call. this is a problem in general. i mean the german in europe and puts a lot of oil from countries some that don't have the same track record on human rights. democracy as, as europe would like them to have yet it doesn't stop them. a cutter is a very small country. it is a very reliable energy supply. let's keep that in mind. and the, the problem for germany is that they really can't, they don't have many choices there. it's a lot of gas for most of the need to replace. and they need this gas from pretty much any when they can get the, the figures on it. and a cutter is one of them. cutter is one of the biggest objects was in the world, and they're expanding their production as one of the few supplies in the will to do this. and they have been designated a non nato ally by the united states,
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which certainly help make this deal. this is what a 15 year deal starting 2026 i take says pretty close to the 2045 deadline by which germany is hoping to be carbon neutral. so how does that square with that go? yeah, i mean, so this is where both sides had very precise ideas heading into the negotiations and it didn't quite fit because the categories would have much prefer signing a deal of at least 20 years. and the germans would have like more than $2000000.00 tons per year. and the reality was need that you have to find a compromise. capital wants to sell more energy. they need the investment into their production expansion, the north field gas field. and the gems need the gas. so in the end, the categories and swallowed the pill of signing a deal that isn't quite as long as they wanted it to be. 15 years, the germans signed a deal over slightly less volume that they would have liked to. and that keeps them
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just under the 2045 net 0 emission steel. if you want to see a deal where both sides kind of have the same ideas, what you just a week or so ago, you saw china and cutter agree a 27 year deal over 4000000 tons. and you know, that's, that's the stuff that i was wanted to sign, but europe, the europeans and especially that the germans as well. they just can't sign a deal that takes them way past 2045 for fossil fuel that doesn't work. and so this is the compromise, they got a little bit less gas for germany and a little bit less duration for gotta that's how compromises work in business. david is having christ, i'm from your a to group. thank you very much for joining us on top of it. thank you to the u. s . now where president joe biden has urged congress to block a strike by rail workers planned for next month. biden told congressional leaders, it had the potential to devastate the u. s. economy and for some industries to shut down a strike following months of negotiations that reached an impasse,
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congress has the power to impose contract terms on the workers or forced the talks to run into next year. let's discuss this further with our financial correspondent in new york, yann's court, a yan here in europe. we've seen all kinds of industrial action wages failed to keep up with soaring inflation. are there similar factors behind what we're seeing in the united states as well? now what i would say a one civil effector is sir pay or missile there seems to be an agreement that we just are going to increase by a good 24 percent. that does sound like a lot, but to him actually, those are real workers. so haven't seen any substantial increase in quite some time . and what difference i would say is that here in the united states, the working conditions are much rougher. the railroads have cuts tens of thousands
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of jobs in the past 5 to 6 years. meaning that the schedule for the remaining workers is pretty rough and then the workers were also looking for a paid a sick leave. that does not seem to be any way to get an agreement at this point. so it's also working conditions that are at the table or when it comes to those negotiations here in the us. and i sit nice and busy on the trading floor there. he ends pipe and says that this industrial action is going to be a disaster for the u. s. economy is, is he right? what sort of effect is it actually going to have? yeah, clearly i mean, if we would see a strike that would have substantial consequences, economists are estimating that the us economy could get hit by roughly $2000000000.00 per day of 30 to 40 percent of cargo traveled through the rail system. here in the united states and then on top of it, you would have the computers being affected. some economists are saying, if
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a strike would go on for a couple of weeks, the 700000 jumped directly, could be in jeopardy. but at the moment, at least that looks like congress might intervene and when it comes to railroad. so conway actually has the power to pretty much force workers to return to work, even if they have not really gotten an agreement with the rail roads company. which by the way, i saw an uptick here in the tuesday session, because wall street at least is placing bets that strike can be averted. the deadline is on december 9th. okay. i thought her new york for us. thank you. now some of the other global business stories making the news. inflation in germany slowed in november after months of increases, official statistics showed the annual rate felt a 10 percent this month from its peak last month of 10.4 percent and jet has
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posted an annual loss for the 3rd year in a row shares in the british low cost carrier dropped more than 4 percent following the news. despite that executive say they are hopeful, customers seeking good deals will help the airline to bounce back. now it was meant to boast mexico's economy by delivering more tourists to its most famous size. but constructing the mayan train project involved bulldozing a path. 3 miles of tropical forest. now affected communities want tourists, and now their journeys came at a cost. they cut a 90 meter wide lane. here for the trend. maya, a sensitive eagle system is in danger, says biologists were better off with the local residents. he leads us to the construction site near ply delgado men, a famous tourists by total care. the government didn't wait for environmental reports or final approval before slash and with tropical forest. an estimated
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9000000 trees were cut down destroying habits. the fragment, as soon as el please, if you'll, if you cut through equal systems, that's the beginning of the end, but it's an equal side that shouldn't have happened. can no, they were to say these. okay, so at that point, mexico's president dismisses these concerns. promotion of videos, promise jobs, and wealth. the train is designed to take tourists from the beaches to mind cities and villages on 1500 kilometers of track. critics say the government is doing a lot of things wrong, not least because the greatest treasure here life underground in granados noticed in nobody's. they store fresh water and are vital for animals and the forest quite geared construction. the train track is supposed to run over here as the crazy effect. i relock refill. environmentalists are stunned that european firms including a subsidiary of german rel operator deutsch reuben, are working on this project. stop the machines. the
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dispute ends up in court, but after a brief hold to construction, the excavators return. the government authority rejects all the accusations and shows as permits. yes, trees were cut down, but many more have been planted. a sooner absolute moment, the longer the works are entirely legal. it is an environmentally friendly project, a project that will bring about social development. if at all your social that something there isn't much of in the yucatan peninsula. hardly any jobs, hardly any prospects. the train could bring about mobility and work. it's something deutsche bank is keen to point out. but it also says it is not responsible for environmental protection and only plays an advisory role for which it gets paid $8600000.00 euros roll would like to show the germans, the damage that tourism developments have caused in the past. some coastal towns
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grew. so rapidly that garbage and sewage poisoned the forest good, but there is no ordinary people will not benefit and they will remain at the level they are now or even become worse all or better for now, environmentalists have lost this battle, but ro hopes to prevent deforestation. on other parts of the line, he is not against trains and progress, but a gaze to project that so clearly damages the natural environment. so for men of is the same here in berlin. you can get more from our website, deed of our com slash business till next time. jeff is weaponized in wheat. massive crop failures, broken supply chains. soaring global market prices. is this russia's treacherous new strategy to finance its ward?
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not them up the world cup in katara. exactly important. tim fulton, herschel included the content were there for you, with your ports and background information. everything you need about the 2022 world cup on d. w. ah, ukraine 2022 ah, wheat fields up in flames. missiles strikes are targeting farms.

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