tv Business - News Deutsche Welle December 2, 2022 10:15pm-10:31pm CET
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daniel bus alone in doha, thank you very much. and have a quick reminder of the top stories that were fall before you, eastern ukraine of sea, heavy fighting with the town of buck boot the main target of russian attacks. it's been a struggle. there you go. or you cranes army to defend the town feel hospitals are reportedly filled with injured. to be raleigh un commissioner, is in the country, collecting evidence for an inquiry into possible warcraft of next find out why the upcoming you, you embargo on russian oil is pushing buyers to stock up. now, rob, what has that have a good weekend? she's up to date. don't miss our highlights. the d w program online. d w dot com highlights. will you become a criminal m pre klein?
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ai already news detective about 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 in for, and that's how they can also go terribly. watch it now on you tube. ah, your of prepares for life without russian oil shipments with the e use embargo just days away from taking effects. russia seeking waste. get round it u. s. employees keep piling on the jobs and wages keep rising,
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but investors are celebrating. we'll ask why, hey, how germany is looking to liver lies, it's immigration laws. it tries to fill in the gaps left by an aging. what is the state of your business on robots in berlin? welcome to the program. the u. u has long relied on boats to deliver it's russian oil. but as of monday, those shipments will fall under embargo and will stop by early january following a grace period, many russian oil tankers and now heading towards asia instead. but kanisha make up for rushes. last business, when an october russia exported almost $8000000.00 barrels of crude oil and oil products such as diesel per day, 2 and a half 1000000 of them went to the european union, the bulk of it by sea. but since the outbreak of war exports to other countries have also surged in october alone, russia transported the equivalent to 1100000 barrels of crude to india every day in
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january, it was just 100000 barrels and crude exports to china have also increased many experts believe that as the embargo approaches russia is gearing up to ship more and more crude directly to asia. but have oil tankers in europe biggest for it. they have lately become sought after commodity, the hunters on to buy up the rust 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, and southeast asia that have been attracted by the vast profits which were available to transport russian oil. anybody know, 2nd hand tankers. i don't 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 embargo. are the economists at brussels
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thinktank, google, a monitoring, the development of russian oil exports has off early next year. europe will mostly get rid of its imports of russia, which will make a lot of pressure on available to the global market. this is increasingly exported to asia, partly by using the shadow fleet. in any case, moscow wants to circumvent the oil price gap for non new countries. a measure it's rejecting. they will not be able to re direct called the flows from europe to asia because there are a number of infrastructure to bottlenecks. they will still be able to export significant amounts, which means that not much of the russian production to make the monthly be compromised. but the price of transport for russia is rising deeply in the situations. at the moment we see them taking long journeys to get to asia via
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northwest europe and through the mediterranean, down through the suez canal, and then onwards to india or to china. water to go. companies working in this great area market can earn up to $350000.00 a day. it is one of the unintended consequences of the embargo on russian oil, as well as discuss the embargo on russian oil further with livia, colorado who is a senior oil markets on list at energy aspects. thanks a lot for joining us, livia we've been just seeing how risk in buying up these old oil tankers such as to transport morrow to asia, is we're going to be able to get around this embargo from the well, as you said, there has been a lot of buying activity in the so called black market for tankers, or rather than the gray market, i should say. and definitely seems like russia and entities located sort of in the middle east story now asian countries at been able to gather quite
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a sizable fleet of tankers that would not be linked to the european union companies or entities. so they will definitely be able to use all of these vessels to load russian crude. initially, at least the problem will be on the journey times, which typically a russian cargo going from the russian ports to europe. it's, it's a journey that takes a couple of days to week. now we're talking about moving cargoes over several weeks . a mouse plus, potentially, depending on the destination. so it will take a lot longer to get these congress with their destinations, and it will take a lot longer to bring back the ships to load them again. so while initially you would probably see the system working out quite well. once the tankers are on the water, they would probably struggle to find even more vessels to load and therefore you
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might see loadings fall sort of later into the beginning of next year. and another thing that's russian ship i'm gonna have to contend with is not being able to get you insurance. is that gonna cause a big problem for them? well that is definitely an issue because you, when you k insurance account for about 95 percent of the global insure market for, for shipping. and, but i would say that the most significant thing for russian could production and exports is the u. s. r for us, that is what will have the largest impact on russian crude and products. and because we do also have products embargo kicking in in february and the ban on insurance complicates transactions to 3rd party countries. but because there is a black fleet tankers at the moment that do not need to rely on european services,
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it will not necessarily have the biggest b, u and bible is much more significant. livia colorado from energy aspects for now. so the united states and another month or strong jobs figures, us employers again added over quarter of a 1000000 positions during november. meaning unemployment remains close to a 533 year low. firms are having to offer ever more attractive terms in order to secure worker's with many more vacancies than available job seekers. average hourly wages rows more than 5 percent as well. let's discuss this further with our financial correspondent to new york, sabrina kesslin. sabrina, how are you? s employees managing to keep adding hundreds of thousands of jobs every well, we still see lots of pent up demand, especially in sectors like hospitality, for instance, or in education. 2 of the hardest hit sectors during the kinetic which now see
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a prolonged rebound, so to speak, which more than 10 milligan, job openings overall here in the us. having said that, we still yes or no. let's say that way we see a decline in job growth over the last a month. remember in the 1st half of a 2022, we had job growth, all 450000 jobs every month. now it's almost half of it still be unemployment rate . however, is around 3.7 percent. so the labor market is still a strong enough to east recession fears. why is a growing the group 5 point one percent during the last month as good news for the people who got jobs, but it's not going to well where you all are. the investors are on the new york stock exchange or what they should say word about i mean, just look at the market today. we had a steep decline in the 1st half of the day, although we managed to regain some ground later on. but what this tells us is that inflation is far from over and the yet investors still very that the fat will stick
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to its aggressive rate hike policy. what's more likely though, is that we yeah, we'll see. i think a 50 basis point rate hike in december and then a coming yet more moderate rate hikes in the upcoming and near is a year. so less aggressive overall but still yeah. hot enough high enough to drive the peak rate hikes up to 5 percent next year. okay, rena kessler at the new york stock exchange for us. thank you very much for the update. now the german government is drafting new plans to smooth out the entry process for foreign skilled workers. it's a made the company say is long overdue. the country's aging workforce is a growing liability while positions and i t software development are notoriously hard to fill more companies now looking abroad. i help. ah, one year ago i shy more re came from india to germany,
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and state language is the main barrier. but if you compare it from other countries, then i find the countries could, people are good. the only thing is this german thing that language and you have to live in the starting. i was thing 8 with revealing maybe even 3 to 6 months. i will be comfortable to speak in, jo, i it's not an easy thing. it figures. oh, this man helped him chimney doctor knows both cultures. he came to germany decade ago as a mechanical engineer. he's turned his experience into a business and now finds indian specialists like are 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's very attractive i shy moreno works at this start
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a programming online stores for the boss. it's important that he can communicate with his employees face to face as being of invalid ricochet. of the reason why we bring our employees to germany, they work alongside the german software developers. it's very important for us to discuss everything as the team. the team of course, bigger offers, question them more and more indians coming to work in germany. like our shy moray, europe has a particularly good reputation among indians and fresh graduates are more than plenty fool staying in germany now. and just finally here on data we have is this a self portrait by german expressionist max beckman has smashed germany's record for a painting after a fashion 20000000 euros at auction. he work self portrait. yellow pink was sold by berlin auction house, filler grease a back, which says it hopes the sale will boost the country's art market. the previous
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record was set by another back man piece that sold for 5500000 euros in 2018. sorry about quarter as much. the artist painted self portrait, yellow pink in amsterdam after fleeing nazi germany, where his work was branded as degenerate r. that's all from the business team handbell and somebody had over to our website . it's d, w dot com slash business. we're also on the data, we use youtube channel as well. i don't facebook as d, w dot business. so next time with what making the headlines and what's behind them. dw news africa. the show that the issues have been the continent. life is slowly getting back to normal, you on the streets to give you enough reports on the inside of our cars. funds
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is on the ground reporting from across the continent. all the trends doesn't matter to you next on d, w. eco, india. how can a country's economy grow in harmony with its people and the environment when there are doers? who look at the bigger picture? india, a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india. eco, india, in 60 minutes on d, w o, a t v highlights you every week in your in box subscribe. now with
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the small shell is filled with explosives, a symbol of power, rebellion. confidentiality wound by royalty, and i calling for like a you got this and magic wand and grounds for divorce, secret weapon lipstick dot december 3rd on deal with this is d. dumping is africa coming up on the program. what's in a name in berlin? activists from the african diaspora celebrate a milestone in revealing the 2 legacy of german colonialism to speak to a man who's been working towards the state for decades. the fight against the.
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