tv Business - News Deutsche Welle November 30, 2022 7:15am-7:31am CET
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the round of 60 i was country can't, i was unable to gather any points in their 3 batches. that's it from me at the new steam. i'll have an update for you at the top of the albert 1st business news with rob watts. don't miss that. and also our website dw, dot com, as all the latest international leads out. thanks for watching. every journey is full of surprises. we've gone all out to give you some tips with them. i'm in your northern most count
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please. ah, brain one. still very much alive, dw channels, your guy to with recognizes where exactly it was fun and i have learned a lot our culture history. all their d. w. travel extremely worth a visit. ah ah. germany and kata signed a major energy deal? the golf nation has agreed to supply your biggest economy with liquefied natural gas through to the 2014. but is it the right move for berlin?
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kinda us rail road strike be stopped. president biden is urging congress to step in for the sake of the recon economy. more controversy on the rails in mexico, where local say, a new tourist train and an 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. n. 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 low, stein, director for energy, climate, and resources at the consultancy eurasia group. i asked him how far the deal
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actually goes to was replacing germany, russian oil supplies. it doesn't actually go very far, but it's still important because i saw what 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 and tons from 2026 from capital will help as have the several other deals. germany, utilities them have signed was a border. the gym government fame putting more energy from the united states or pipeline gas from russia of sorts, or 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'll say that the well 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
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significantly on one major issue. but i now why's, is it to be signing deals with other nations with him? you do have such differences. that is unfortunately a problem. you have a cross, virtually all a fossil fuel supply chains and actually not just fossil fuels, but in, in oil, gas and call. this is a problem in general. mean german in europe in ports 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 problem for germany is that they really can't, they don't have many choices there. it's a lot of gas from the need to replace. and they need this gas from pretty much any when they can get this. the thing is 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
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this. and they have been designated a non nato ally by the united states, which certainly helped 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 have very precise ideas heading into the negotiations and it didn't quite fit because the guitar is, 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 germans need the gas. so in the end, the guitar is 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 like to,
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and that keeps them just under the 2045 minute 0 emissions deal. 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 cut our agree a 27 year deal over 4000000 tons. and you know, that's, that's the stuff that i 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 gutter. that's how compromises work in business. david is well having christ, i'm from your age group. thank you very much for joining us on data. we business thank you to the u. s. now where president joe biden has asked 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
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down a strike follows months of negotiations that reached an impasse. congress has the power to impose contract terms on the workers or force the talks to run into next year. let's discuss this further with our financial correspondent in new york, yann's quarter, yet, 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? no. what i would say a one civil effect. 3rd is sir pay or missile. that seems to be an agreement that we just serve. are going to increase by good 24 percent. that does sound like a lot, but i'm 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 and 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 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 u. s. i sit nice and busy on the trading floor there he ends 5 and says that this industrial action is gonna 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, they're estimating that the u. s. economy could get it by roughly $2000000000.00 per day of 30 to 40 percent of cargo traveled. so through the rail system here in the united states, and then on top of it,
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you would have the computers being effected. some economists are saying, if a strike would go on for a couple of weeks, the 700000 jump theoretically, could be in jeopardy. but at the moment, at least, that looks like congress might intervene and when it comes to railroad. so congress 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 road company. which by the way, i saw an uptick here in the tuesday, a session because wall street at least is placing bets that a strike can be averted. the deadline is on december 9th. okay. i thought her new york for us. thank you. not 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. a 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 to re 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 local residents. he leads us to the construction site near ply delgado men, a famous tourists by total here. the government didn't wait for environmental reports or final approval before slash with tropical forest. an estimated 9000000
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trees were cut down destroying habits. the fragment as young as l b. c. feel if you cut through ecosystems, that's the beginning of the end, but it's an equal site that shouldn't have happened, can know the rest of these. okay, so at that point, mexico's president dismissals. these concerns, promotional videos promised 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 known as the knollys. they store fresh water and are vital for animal yoga and the forest quite geared construction. the train track is supposed to run over here the crazy effect i relock refill. environmentalists are stunned that european firms, including
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a subsidiary of german rel operator deutsch robin a working on this project. not the machines. the 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 out sooner. absolute i meant to lay out 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
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like to show the germans, the damage that tourism developments have caused in the past some coastal towns grew so rapidly that garbage from sewage poisoned the forest good, but it is no ordinary people will not benefit and they will remain at the level they are now or even become worse all about for now, environmentalists have lost this battle but ra hopes to prevent deforestation on other parts of the line. he is not against trains and progress, but against the project that so clearly damages the natural environment. so from the business name handbell, and you can get more from our website, pete about. com slash business to next time to come in good shape. from couch potatoes and to tech nursing. in fitness junkies. everyone is looking for the perfect workout routine,
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