tv Business - News Deutsche Welle December 2, 2022 11:15am-11:31am CET
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the elevators didn't work on the fire, escape was locked as well. they couldn't get out because those are my well do. other with our investigation suggests people's anger may be justified. what we found, throws reasonable doubt on the authorities version of events. and 2 days after the fire room chill thought he said they'd loosened some restrictions. but by this time protests had already spread to all the chinese cities. oh, to see w news and berlin up next. ah, she's up to date. don't miss our highlights. the d w program on line d w dot com highlights. when you become a criminal m. franklin, i already know who's with
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hackers and paralyzing the tire societies. computers that out some are you and governments that go crazy for your data. we explain how these technologies work, how they can go it wilson for. and that's how they can also go terribly watch it new to ah, i'm stephen beardsley in berlin. here's a look at today's top business stories. russia turns to asia and a fleet of old container ships as an e u, embargo on crude oil transports looms. also in the show, germany looked to liberalize its immigration laws as it tries to patch the gaps left by an aging workforce. welcome to the show. the european union has long relied
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on c deliveries received the bulk of its russian oil imports. beginning monday though, shipments fall under embargo, they'll stop altogether by early january following a grace period. many russian oil tankers as result are now heading toward asia. but can asia really make up the difference? well, in october, russia exported almost $8000000.00 barrels of crude oil and oil products such as diesel per day. now roughly 2 and a half 1000000 barrels of that went to the european union, the bulk of it transported by sea. and that's down from before the war. and crude exports have recently surged to other countries, especially india and china. in october alone, russia transporting the equivalent of 1100000 barrels of crude oil to india every day. in january, by comparison, it was just a mere 100000 barrels of crude exports. the china have also increased. many experts believed that as the embargo approaches, russia is gearing up to ship more and more crude. directly to asia. oil
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tankers in europe's biggest bar it, they have lately become a sought after commodity, the hunters on to buy up the rest buckets of the high seas. for transporting rushes oil we're seeing a lot of vintage tankers, which otherwise would probably have been demolished. haven't you leased that life? they're hiring them from these companies in the middle east, turkey year and southeast asia that have been attracted by the vast profits which were available to transport russian oil. second hand tankers, adult like 2nd hand cars. they come in all sizes, ages and price ranges. russia has been building up a shadow fleet of these ahead of the u. embargo. the economists at brussels, thinktank blogger, are monitoring the development of russian oil exports. as of early next year, europe will mostly get rid of it's imports of rational, which will make
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a lot of crush all available to the global market itself. this is increasingly exported to asia barkley by using the shadow fleet. in any case, moscow wants to circumvent the oil price gap for non e u countries. a measure it's rejecting. they will not be able to re direct all the flows from europe to asia because there are a number of infrastructure bottlenecks. they will still be able to export significant amounts, which means that the not much of the ration production might, will timidly be compromised. but the price of transport for russia is rising steeply similar situation for at the moment we see them taking long journeys to get to asia via northwest europe than through the mediterranean, down through the suez canal, and then onwards to india, or to china, water to go companies working in this gray area market can earn up to $350000.00
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a day. it is one of the unintended consequences of the use embargo on russian oil. carol nacley is founder and ceo of crystal energy and london care. a welcome to the show. i'm an aging fleet of ships doesn't sound very reassuring or maybe even safe . will it help russia respond to this embargo? good morning. it would had to a certain extent because it depends on the capacity of that fleet. and actually how many ships that have been a savings to oceans have sunk so far. it's not that kind of course accidents do happen. it's not that and we should, that has been saying or has some special, it comes to code or it. and also you have to think about it. it's very difficult to trace the money cool lines of russian oil because you have to see actually, how many friends russia has. and how many of those friends have the finding
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a city is not only about asia, there is another, it wasn't by and that is turkey. some aggression on is also going to, the middle east is getting blended. it can be a mix with other she was and then put us in a different kind of a find all products. so in that respect, yes, what date assumptions? and it was on top of that, the price is increasing the difficulty for buyers to buy russian oil. and it's not going to take down the market, nancy yet. and he was too far from being there because all markets are global. and there are so many players and i would take it to me and then you suppose this price cap is going to be difficult for the west to find a lot of nations that are going to agree to this pipe price gap. you mentioned that, of course, just for our viewers, that is this plan to create a sort of buyers cartel setting a price ceiling of $60.00 a barrel or so for russian oil, but it needs other nations besides the besides the g 7 to go along with it, do you think that that's going to be a hard sell for nation such as china such as india, pakistan,
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india. i mean, the dry scab is, is one more layer on the of the sanctions and the you has impose to sell russian always in the you. so that is funded on c, one, russian and products, and the price gap on all russian or simply affects the buyers outside the u. which means that anyone who is using a say in should be an insurance company or european own tankers. i'm going to use to transport question on unless they follow at price. now it's effectiveness depends on the level of best buy scale. we're hearing a lot about $60.00 a barrel and then my son will not make a huge difference to russian to buyers. want to russia because already is crew and as being sold at a discount between $20.00 to $25.00 and that will compare to the benchmark, which is brent. that is you know, the european benchmark. so in that respect,
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if around that region, under existing market conditions, then the price is likely to be symbolic. and of course, if this will depend on what the does, but what on the friends of russia when they will do. and then finally, the chinese and indian to one extent they will continue to buy, right irrespective of what the bus and we'll have to leave it there for now. carol nacley, founder and ceo of crystal energy, thank you very much. thank you. the german government is drafting new plans to smooth the entry process for foreign skilled workers. it's moved. companies say as long overdue. the countries aging workforce is a growing liability or positions in i t and software development, for example, are becoming notoriously hard to fill. more companies are now looking abroad for help. i. one year ago, i shy more, re, came from india to germany. penn state language is the main barrier. but if
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he compare it from other countries than i find the country is good, people are good. the only thing is this germinating the language and you have to learn in the starting. i was thinking with will be very easy to to 6 months, i will be comfortable to speak. and joe, and i not an easy thing figures. oh, is this men helped him? chimney doctor knows both cultures. he came to germany decades ago as a mechanical engineer. he's turned his experience into a business and now finds indian specialists like our shy for german companies. they pay up to 5 figures, samson commission for his service, as they can't find enough suitable applicants in germany and for foreign software developers. for example, from asia, germany is very attractive. i shy moreno works at this start a programming online stores for the bus at some point,
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and that he can communicate with his employees face to face, puffing of advocacy, of the reason why we bring our employees to germany. they work alongside the germans soft fed up us. it's very important for us to discuss everything as the teen team off quotes and bigger offers. question them more and more indians coming to work in germany. like our shy moray, europe has a particularly good reputation among indian and fresh graduates are more than 20 full i'm joined now by nicole buckner. she's co founder and ceo of miranda labs as a tech consultancy here in berlin. nicole, germany likes to tout it's tech start up. seen especially here in berlin. how critical are foreign workers to the texting in the tech is highly reliable on talent, right? that's basically the main after you put into it. and so the dependencies are very high, and we need to be able, as
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a german tech started to attract foreign talent here. and this relies on different different killers. i'd want, if it is, can we create the conditions here that make it very attractive offer and work is to come here. and especially in the start of the, this is something to do with us being able to, to offer equity and share compensation, which is still an issue. and the other thing is just that barriers are finding basically getting access to the labor market and these application process, etc. and making that as efficient as possible. are you optimistic about what you're hearing so far that this government wants to do something? i know right now it's sort of a vague what, what they're offering. they're still drafting a lobe with what you're hearing. what do you see? i think, i think good intentions are good and i great and are good. are a good start. but the german started seeing has been asking for concrete measures and stats for a long time now, and we were really ready to see some action so optimistic that the intentions are
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really good and now very impatient to see the 1st tangible results. and if we can see them early next year, and i think we will all be very happy what would help the most in your opinion and the most, i mean, i think it's the most for startups completely. what would be indeed some sort of equity in ration, right? the problem there is, at stops, usually offer employees employees shares and these are taxed on the chairman tax regulation without there being an actual cash flows. so people would have to take on their credit to basically pay the taxes on the shares their receipt, which could go to their and you know, recent crisis. so that would helped enormously. yeah. do you expect that? do you expect anything a change within the scene itself? given where things are economically the fact that many tech companies are
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struggling right now, but it's sort of up with the brakes on any attempts to make a change right now. i hope not because if we look at the global development and unfortunately some of the big tech players are globally know, making considerable and significant less. this is the time to have to optimal conditions for talent to come to germany. this is the opportunity to seize and that's something that the german started association with, if an asset that basically and trying to push for long time. and this is the time to actually look for complacency around the culprit in or with miranda labs in berlin. thank you. very much. thank you. and finally, a self portrait by german expressionist max beckman has smash germany's record for a painting. after fetched a cool 20000000 euros. the work titled self portrait, yellow pink, was sold by berlin auction house village grease a box which says it hopes to sail will boost the country's art art market. the
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previous record was sent by another beck, one piece egyptian. it's old for 5500000 euros in 2018 artist. painted the self portrait in amsterdam after fleeing nazi germany, where his work had been labeled degenerate art. and that's it for me and the business team here blend. you can find a more online d w dot com slash business, or also on youtube or the de debbie news channel. i'm seeing beardsley in berlin. thanks for watching. i is the end of the pandemic in site. we show what he could look like. will return to normal. and we visit those who are finding it difficult. he sees his successes at noon in our weekly coven 19 special.
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