tv Business - News Deutsche Welle December 3, 2022 12:15am-12:31am CET
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i will have to see how all of that develops. anthony howard from d. w. sports. thank you so much. thank you. it watching t w news live from berlin, or mandy can find much more news analysis and video on a website that is d w dot com for the latest analysis on the situation in ukraine and all those results of the world cup as well. so do check that out. coming up next though, is that although his business with my colleague rob, once i'm ready to moment, thanks for watching. i'll see you soon. bye bye. mm . people in trucks injured when trying to free the city center. more and more refugees are being turned away. order families played on the tax in syria to these credit owners, we learned in the straightest people fleeing extreme around getting
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$200.00 people around the world. more than 300000000 people are seeking yes. why? because no one should have to flee make up your own mind. w. made for mines. ah, ah, ah, and your prepares for life without russian oil shipments. and with the e use embargo just days away from taking effects. russia and seeking ways to get round it. us employers keep piling on the jobs and wages keep rising,
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but investors are celebrating. we'll ask why and hey, how germany is looking to liver lies. it's immigration laws. it tries to fill in the gaps left by an aging workforce. this is d to be a business owner of what's in berlin. welcome to the program. do you 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. but in 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 was 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
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in january 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 how oil tankers in europe's biggest board, they have lately become a sought after a commodity. the hunt is 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. secondhand tankers, adult like 2nd hand cars that come in all sizes, ages and price ranges. russia has been building up a shadow fleet of these ahead of the u. embargo are the economists at brussels
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thinktank, google monitoring the development of russian oil exports. as of 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 u 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 would still be able to export significant amounts, which means that not much of the russian production might luthey mentally be compromised. but the price of transport for russia is rising deep, losing the situation. so at the moment we see them taking long journeys to get to
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asia via the northwest europe, then through the mediterranean, down through the suez canal, and then onwards to india or to china. war 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. well, let's discuss the embargo on russian oil further with libya, colorado who is a senior oil markets on list at energy aspects. thanks a lot. joining us, livia, we've been just seeing how it rested in buying up these old oil tankers to just to transport morrow to asia is actually going to be able to get around this embargo from the well, as you said, there has been a lot of buying a t v t in the so called black markets 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 or in asian countries at been able to gather quite
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a sizable fleet of tankers that will not be linked to 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 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 mouth plus, potentially, depending on the destination. so it will take a lot longer to get this car goes to 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 under 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 in to 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 shipping. and but i would say that the most significant thing for russian could production and exports is the u. s. article for us, that is what will have the largest impact on russian crew and products. and because we do also have products embargo kicking in in february and the band insurance complicates transactions to 3rd party countries. but because there is a black pancreas at the moment, so that do not need to rely on now european services. it will not necessarily have
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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 every 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, done available job seekers, average hourly wages rows more than 5 percent. as well as 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 education. 2 of the hardest hit sectors during the finance,
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which now see a prolonged rebound, so to speak, with more than 10000000 job opening over all here in the us having sat and that we still yes or no. let's say that way we see a decline in job growth over the last month. remember in the 1st half of 2022, we had job growth of $450000.00 jobs every month and now it's almost half of it still be. unemployment rate covers around 3.7 percent of the labor market is still strong enough to ease recession fears. why is the growing grew 5 point one percent during the last month? that's good news for the people who got jobs, but it's not going to well where you all where the investors are and the new york stock exchange. what are they since they worried about i mean, just look at the market today. we had to see the decline of 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 yeah, invest is still a very that the fact will stick to its aggressive rate hike policy. what's more
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likely though, is that we yeah, we'll see, i think a 50 basis point rate hike in december and then coming up more moderate rate hikes in the upcoming year year. so less aggressive overall, but still yeah. hot enough high enough to drive peak rate hikes up to 5 percent next year. okay, the 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 on a tourist li, hard to fill more companies. now looking abroad. i help. ah, one year ago i shy more re came from india to germany in state language is
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the main barrier. but if you compare it from other countries, then i find the country is good, people are good. the only thing is this german thing that language and you have to learn in the starting. i was thing 8 with revealing maybe even 3 to 6 months will be comfortable to speak in jo, i it's not an easy thing figures. oh, this man 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 are shy for german companies. they pay up to 5 figures, samson commission for a service, and 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 germans software, develop us. it's very important for us to discuss everything as the teen team off quote, some bigger offers, present them more and more indians coming to work in germany like russia, moray, europe has a particularly good reputation among indians and fresh graduates. i'm more than plenty fool staying in germany now. and just finally here on the to we a business, a self portrait by german expressionist max beck man has smashed germany's record for a painting after a vest 20000000 euros at auction. he worked self portrait, yellow pink, was sold by berlin auction house filler grizzle back, which says it hopes the sale will boost the country's arm market. the previous
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record was that 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 playing nazi germany where his work was branded as degenerate r. that's all from the business team. hand berlin from audrey had i been to our web site, 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 i'm making the headlines and what's behind them. d. w, news, africa, the show that was the issues in the continent. life is slowly getting back to normal. yeah. well, in the streets, to give you enough reports on the inside our correspond that was on the ground
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reporting from across the continent and all the trends doesn't matter to you. next on d, w. rooney, check come fi check. in 1st it seems pretty flawless. the mercedes e q s that seen b. now let's see what it can really do. we test drive, what's probably the most luxurious, all electric se be on the market. read. in 60 minutes, thought d w. o. in the melting reporter tracks down the arctics. major players with you see route begins of
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dangerous game. people overseas that yeah, we are here. we're patrolling the area now, the cards are being re, shuffles, who has the best tattered russia, is quite economic in the arctic. if you see something that looked like james bond, it has to do with the military. it starts december 23rd on d, w. ah, 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 legacy of german colonialism to speak to a man who's been working towards this day for decades. the fight against the.
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