tv Business - News Deutsche Welle December 6, 2022 7:15am-7:31am CET
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lathering to the sea, residents have been urged to follow safety instructions given by local authorities, stromboli, which is off the coast of sicily erupt, so frequently that it's nicknamed the lighthouse of the mediterranean. you're watching dw use after short break. robots will have the business. i've been puzzling in excelled is increasing every year, many im gonna working on landfills with the only wife, very holiday destinations and drowning interested wife. we rewind,
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even at the closet with every year. europe exports over 1000000 tons of plastic with there. another way. after all, the environment isn't to recyclable. make up your own mind. d. w. made for mines. ah, ah, the west puts a cap on russian oil prices. g 7 nations and the you say they've had enough of helping to fund president putin's war chest. but will the cap actually make a difference? you has also begun and embargo on russian oil deliveries by ship will look at the
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potential impact of that. and tesla trucks are taking to the highway of death, a years of delay here, whose products they'll be delivering 1st. this is deed of your business on robots in berlin. welcome to the program. western allied countries have imposed a cap on the price. they'll pay for russian oil. the g 7 group of major economies has set a ceiling of $60.00 per barrel of russian crude and an attempt to squeeze moscow's oil income and eat you ban on most crude imports from russia also took effect. on monday, however, russia has dramatically increased shipments to asia in recent months to make up for lost business elsewhere. let's bring our was wall street's correspondent jens quarter on this is in new york for us gens $60.00 a bowel i. i think i certainly need a little bit of help understanding what, what that means is that a high cap is not a low cap. well,
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i mean j g 7 and the european union, they have to really thread a needle on one side. you do not want russian or russia to get too much for their oil on the other side. if the price is too low, then a rush actually might flow down a production and that eventually could drive oil prices around the globe and higher . we shouldn't forget russia is the 2nd biggest oil exporter on the planet. so that's why i get those experts we're looking for the middle ground and that number obviously is 60 and so what sort of impact has the cap taking effect today had on markets in particularly the oil prices? there up initially when the trading started this morning we saw a spike in oil prices, but that change the quality rather quickly. and eventually i price with the new
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york w t i we're talking here is down a good to 3 percent brand. if i saw that correctly hit the lowest level since a generate what's going on on the oil mark. so for one, you have the cap and we don't know yet. effect those that going to have on oil prices or on a production in russia. then over the weekend we had the opec plan meeting. and as a surprise in a certain way, we did not see the cut in quote us, but the quota, the production quote, us remain the seconds of that scene as a positive, not positive in general for that. probably another reason why it prices and then we also got some pretty solid economic report the are out of the united states. and that makes it a bit more likely that the federal reserve will continue increasing interest rates until the us economy. definitely weekend. and actually might get into a recession,
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and if the biggest caught me on the planet, so the united states gets into a recession that could mean less demand for oil. and that was another reason why prices dropped on monday. ok. and go to the new york stock exchange for a thank you very much. now along with the price cap, is that you ban on most russian oil imports that i mentioned specifically. it's those delivered by c. last week we reported how moscow had been sourcing owes tankers to enable it to ship more of its crude to asia exports to india have urged in recent months. but will that mitigate the impact of the use embargo? let's take a look. an oil tanker on its way to a european port, a side that should become rarer in the weeks ahead. as of december, 5th, you, russian, oil shipments to europe are officially banned. the move is the latest you effort to target russian fossil fuel revenues. more than 2 thirds of russian oil exports to
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the e. you arrive vice he but soon no more. germany will continue to import russian oil through the rouge pipeline, but only through the end of the year. hungary, slovakia and the czech republic will also continue to rely on pipelines. they argue they have no alternative to russian oil. the widespread boycott is a reaction to russia's ongoing war in ukraine. so how is it affecting the market of situation was already quite successful. i mean, oil is a fungible commodity. um, so basically you can sell and buy on the wall market and that's what you're of this basically, it blog oil from other sources. just as russia tried to redirect it sales um to other buyers. brent crude was trading around $40.00 per barrel at the beginning of the cove at 19 pandemic. it saw it to a $120.00
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a barrel last summer before falling below $100.00. european reserves are bursting at the seams. used supply contracts have been signed and oil prices are declining and that has mainly basically to do with 2 things at 1st is that the, the fear of us and euro song and recession so, so the lower slower economic growth, which would lead to less the month oil that's pushing price down, and the other aspect is the chinese lot downs, the band. this ripple effects an end to russian oil flows will be a huge problem for p c, k refinery. and the eastern german town of shit, which was supplied by the drug pipeline a replacement pipeline from the euro. stocks are coming to shade, however, it only has about 50 percent of the capacity of the jewish pipeline. so this
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questions has yet to be answered by the german government, how they're going to proceed to make it to key, dia, refinery, iran. but even if the refinery and schmidt operates at 50 percent capacity, germany's crude supply isn't at risk plans cold for gas stations to be supplied with petrol and diesel from other european countries. must sticking with the european union and during a visit to washington e representatives. as the us not to discriminate against european companies, the latest playing that president joe biden is, flagship inflation reduction act unreasonably favors u. s. companies, what it provides for billions of dollars off support for americans. supplies a computer chips like these ones, and green technologies as representatives on both sides met for a trade on technology council meeting. we spoke to the used, boldest, don't broadcast, i think in place to all of us. first of all,
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what we're asking is that we are not subjected to that discriminatory provisions. and in a sense that the european companies and european exports in us are 3 to the same way as u. s. companies and us exports in europe. so not asking anything more. so we are focusing on this negotiated solution and in a sense, we have a good engagement with us. always better than vitamins statements, ways a higher level pos, quartz which has been created. but we need to move from those. this engagement to concrete results, and we need to do least still this year because a number of provisions of inflation reduction act enters into force already as a beginning of the next year. and we'll keep an eye out waiting for you now for some of the other global business stories, making the news markets around the world received a boost after china signal that maybe easing out of it. strict 0 cove. it policy which sparks nationwide protest last month. news that beijing and other cities
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would roll back testing requirements and businesses would reopen, was read as a positive sign for global growth and commodity to mount official figures. show inflation in turkey, slowed in november for the 1st time in more than a year and career. what's the rate at 84.39 percent. that's down more than one percentage point from october. however, independent turkish economists say the real inflation rate is more than twice as high. lufthansa as poured the 1st of $48380.00 aircraft out over time. and the double decker, jumbo from air bus will rejoin the german flag carriers fleet. next summer after maintenance has been carried out, the a 380 was retired in 2020 a mid widespread lockdown, which led to the grounding of most passenger flights across the world. you on the sun light. now tesla trucks are finally hitting the road. the u. s. car maker has delivered the 1st of its electric power. lori's initial units are set to deliver 50
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dregs, long anticipated and years overdue. the new 1st battery powered shot from tesla has finally arrived. the vehicle named semi weighs over $36.00 tons and is advertised as able to run 800 kilometers on a single charge. c e o. ellen musk unveiled it at a tesla factory in the u. s. c u. s as in quote, like 15000000 passenger vehicles and a couple 100000 semi truck. so it seems like a small percentage, but it's actually 20 percent of yours. vehicle emissions? because you've got a huge vehicle and spring driven out all the time. so when you factor in the number of hours driven and the weight there is carrying, it's actually loads only one percent of vehicle production. it's 20 percent of vehicle emissions and it's over a 3rd of all the particular emissions. the each truck dubuque comes 3 years later than expected us beverage giant pepsico is receiving the 1st 15 of 100 models. it
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ordered the semi is not the 1st eat truck. however garmin, you factor as reno and valvo began commercial production of their own. each truck models 2 years ago. so these strange looking things here, ah, drones of apps night like any that you've seen before. they have a very specific job. picking fruit is ready, startup, travel. aerobatics has developed the robots which use artificial intelligence technology to block only the right fist fraud use and keep farmers updated on the harvest using a mobile phone up. it's estimated that there will be a shortage of 5000000 fruit pick as worldwide by 2050. and 10 percent of all fruit rocks on the tree. these robots can apparently work around the clock to. so i just time for reminder of the top business story that we're following for you. this allen, western allied countries have imposed
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a cap on the price. they'll pay for russian oil. the g 7 group of major economies has set a ceiling of $60.00 for a barrel of russian crude and an attempt to squeeze moscow's oil income. and e, you ban on most crude imports from russia also took effect on monday. that's all for me in the business team here in berlin for more do you get to our website? it's due to me dot com slash business. we're all on the data. we use you tube channels and you can get those on facebook as well as we like as well as need to. we dont business till next time with no buddhism, banyon destroyed by the taliban in 2001 shock waves around the world will history repeat itself the year after islamists took over afghanistan, attacking cultural heritage has been a tried strategy since the dawn of culture. fear is not unfounded,
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have extinguishing culture wipes out history. part 21. next on d, w. a pulse ah, the beginning of the story that moves us and takes us along for the ride. it's about to perspective culture information. this is either you news and more. d, w. made for mines. oh, every journey begins with the 1st step and every language with the 1st word i launch pinnacle rico is in germany to learn german. why not learn with him simple
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