can tell you that the situation can change in a matter of hours is mona lo, as erupt may last weeks, is not only spectators, but also scientists who be watching closely watch, indeed, every news live from berlin or monday can also find much more news analysis and video on a website that is d w dot com up next is all the belated business with my colleague rob watts. i'll see said, i understand that. i think that's hard and in the end is a me, you are not a lot us to you and more we will send you back. are you familiar with this with the

smudges reliance of the what's your story? and he wasn't, i was women, especially victims of violence in labs and take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen in phil migrants, your platform for reliable information ah 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 . the u. s. employees keep piling on the jobs and wages keep using,

but investors are celebrating. we'll ask why and a how germany is looking to liberalize it's immigration laws. it tries to fill in the gaps that by an aging. what is the state of the business of what's in berlin? welcome to the program. the you, 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 can asia 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 one point. 1000000 barrels of crude to india

every day in january was just 100000 barrels. and crude exports to china have also increased. many experts believe that as the embargo approach, as russia is gearing up to ship more and more crude directly to asia. but how oil tankers in europe biggest board, they have lately become sought after commodity, the hunters on to buy at 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, have a new lease of 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, you know, the 2nd hand tankers, adult likes, 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 embargo. are the economists at brussels

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 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 might mentally be compromised. but the price of transport for russia is rising deeply in the situation. so at the moment we see them taking long journeys to get to asia via 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. well, let's discuss the embargo on russian oil further with livia, colorado who is a senior oil markets and list at energy aspects. thanks a lot for joining us, livia we've been just seeing how rushed in buying up these old oil tankers to just 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 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

a sizable fleet of tankers. that would 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 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 under water, they would probably struggle to find even more vessels to load and therefore you

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. m. r. for us, that is what we'll 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 the blackfeet tankers at the moment, so that do not need to rely on european services. it will not necessarily have the

biggest b, u and bible is much more significant. living colorado from energy aspects for now. so the united states and another month, all 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 than 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 kessler. 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

a prolonged rebound, so to speak, which more than 10 milligan, job openings overall here in the us. having said that, we still yeah 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 of $450000.00 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 group? 5 point one percent during the last month as good news for the people who got jobs, but it's not going to us to well, where you all are, the investors are on the new york stock exchange or what they should say worried 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 yeah, investors still very that the fat will stick 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 up 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. like as a 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,

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 learn in the starting. i was thing 8 with revealing maybe even 3 to 6 months will be comfortable to speak. and joe and i, it's not an easy thing. take years. 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 his 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

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 developers. it's very important for us to discuss everything as the team. the team, of course, meager offers, present them more and more indians coming to work in germany. like a 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 vest 20000000 euros at auction. he work self portrait yellow pink was sold by berlin auction house filler grizzle back, which says it hopes the sale will boost the country's art market. the previous

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 for the business name. hen berlin. from ody, head over to our website. it's d w dot com slash business. we're also on the data we in use youtube channel as well. i don't facebook as d, w dot business till next. i'm with to the point in strong opinions and clear positions. international perspectives. see him being west, just confirmed and empowered as china as president. but now the people are protesting against to strict 0 coven policy,

and some are calling for she's resignation. on to the point, we ask protests in china, how deep is public unrest? to the point with d, w. o, she may is fine tune this is nigel for justice and for some happy to herself and hundreds of thousands of aids patients in china, victims of medical scandal that began in 91 single past due she made kind of a scandal with 45 minutes on d, w. o, a shell filled with explosives, a symbol of power,

rebellion and sensuality. wound by royalty and icons like a magic wand. to browse through divorce guy, a guy, you can is full cultural history. secret weapon mistake, dots december 3rd on d. w. chinese leader is she jing being was just confirmed and office securing a 3rd term and eliminating political rivals now that people are protesting against his regime. tens of thousands in china are demonstrating against the governments strict 0 cove at policy in several cities. the locked downs have been.