she emerged since of all mich on barren, didn't the south african botswana at this is not the same situation, us back then. so even though there is the threat that competing you verin's office hours call, we to can emerge from china right now. this is not being generally considered as a major issue. we'll leave it there for you for now. more of course at t w dot com at our breaking news ab and as always on social media, twitter and instagram at d. w. news that much more for you coming up. i'm way in the craft. thanks very much for watching. nico is in germany to learn german pollution pinnacle. why not learn with him online, on your mobile and free the chef t w's e learning course, nikos vague?

mm hm. with aah! russia retaliates, pledging to hold exports of oil to multiple countries. the countries president targeting the e u and g 7 over there moves to cap the price of russian oil and major move or just put in posturing. we'll get the expert view and the deadly winter storm in the

united states as cause travel chaos. southwest airlines being singled out for rebuke by the government of its handling of travel. we'll hear from our correspondence in new york also coming up thanks to a warm glow of existential dread. the bunkers are back and it's a business that's booming. if that time again dw business, welcome medina, pollutants as he's banning oil exports to select nations from february, the band will apply to those countries that are implemented a cap or what they were willing to pay for russian oil earlier this month. the g 7 nations, the you and australia all pledge to pay no more than $60.00 a barrel from the 5th of december to sanction bratia over its illegal invasion of ukraine. russia started the month as the world's 2nd biggest exporter of oil. energy analysts, tom o'donnell is on the line for his tom,

your skeptical that this will have any significant effect wise that well, good evening. thank you for having daniel. look already the european union. it's rather stunning they received. they will no longer as of december 5th. take any seaborne oil from russia, which is the bulk of it, and united states and canada already are doing that. so russia is mainly selling what it can't sell in europe. they're selling as much of it as they can to india, china, and turkey. and those countries are already paying russia well below the market price $2528.00 per barrel below the usual price for russian oil. so just like right now, the price cat doesn't have much effect because $60.00 a barrel is above what russia is getting from those countries. so to this doesn't, you know, there's no more countries that are obeying a price care that aren't already not taking russian oil. so it has very little

effect right now. this is a bit of a chest gain being set up by both sides. that will now develop step by step in my opinion. ok by russian economist explained it like this. the lower the volume is in the market, the higher the price will be. so russia will be compensated by the rise and price of oil, which will be paid by other customers like china or india, as you said, considering that global prices should rise to as a result. so what you're saying is on this plan, this is how it should work. it's just not as simple as yes. let me give you an example. of course, the example you just gave me in the limit you think of your calculus class in the limit that goes to 0. ok, because that i'm selling in the world. so russia will certainly be selling less oil over time, because that was a huge amount of oil that went to the european union and february, 5th. european union will stop taking refined products, diesel, and so forth, which was a very important market. now to move that oil that would take maybe

a week or so to come from the baltic ports of russia into europe, now will take $23.00, and more like 4 weeks to go all the way around to china and india. they need that many more times ships. and the problem is you can't get insurance on those ships. generally real, you know, through world standard insurance, unless you get it from companies in the european union and the united states and britain and those countries will not give insurance, will not allow it any more for russian oil unless it's sold under the price care. so even if, you know this is a problem, so india and china, i'm going to agree with the price cap. but because there's a price can have their names. russia, you know, you can't sell your oil europe anymore. you can't sell it over a certain price elsewhere, so we won't go along with the cap, but you better give us a lower price and that seems to be what's happening and that's what the by the administration intended. okay, and now rush was hoping that the you will be hit by this. so how is the you coping

at the moment with this price cap cap with its shift away from russian oil? i'm with the oil. it's good. i mean, gas is another matter. the is old, they russia has this liver over europe, but in oil it seems to be so far going pretty well. it's being handled pretty well . we don't see any great spikes in the price of oil right now. of course, we all know what's coming is a recession in europe. everybody is predicting us. and china can. i mean they're trying to come out of coven, eventually they're going to have a big demand for oil and gas. but for right now, they have a bit of less as we all know. so, so for right now it looks like the demand is going to be soft going forward, and there's not going to be any significant shock getting into next year. many analysts predict the price to go fairly high as possible if demand picks up and, you know, russian oil can go there. but in the long run,

there's plenty of oil in the world. the oil in the middle east is plenty boil and you know, but that takes a while. ok, 20 minutes to look for to for 2023. then also drama there and the energy markets. i bet ta model. thank you very much for that line. has drawn the particular eyer of passengers. it cancelled over 70 percent of flights on monday. you may still struggling to clear the backlog. meanwhile, other airlines, like delta american, united and jet blue, have already recovered for the most part with under 2 percent flights counseling and teddy austro as monitoring the situation from new york force. so teddy, tell us more about how the airlines have reacted to the travel chaos to the stolen that's going on that well, it seems that the passengers of southwest certainly are bearing the brunt of this chaos we've seen. the ice on the runways, aircrafts can't go in the air, luggage being sent to random places people being stranded. other airlines,

as you said, certainly are doing varying a little bit better. but south west. well, it's getting the ire of investors. we're seeing the 7 percent decline in stock value, but we're also seeing the higher of passengers and the government president biden, even name check. the company in a tweet in the department of transportation has said that they are going to investigate the quote unquote unacceptable rate of cancellations and delays. but really, this just shows the susceptibility of many of these companies to these extreme weather events that are becoming ever more frequent under climate change. right. and teddy, the question on everyone's lips is when will things get back to normal? not just with the weather, but also with everything getting back online from these businesses. yeah, well it really depends on what we mean by normal, right? well, the normal 2022 has been bouts of crises for the industry. now some

of these airlines have gotten back quicker southwest, maybe by thursday we are hearing, they will see less cancellations. however, really these issues stand back to the start of the pandemic when there was a demand shock. and airlines really did share much of their staff despite the government help. and now what we're looking at is they have been unprepared for the resurgence in demand perhaps. so we'll see a new years resolution to improve in 2023. well, let's hope for those improvements. thank you very much. teddy austro on the new york stock exchange now to some of the other global business stories making news. the data of 400000000 twitter accounts could potentially be at risk, including email addresses and phone numbers, alleged cyber criminal published nature, 37 celebrities, such as politicians and journalists to prove that was real. he said, if twitter paid him $200000.00, he would give the data back to the company space. ext says it has almost a 100 starling tunnels active in iran to provide internet service that the

receivers which connect to satellites were smuggled into the country style inc run by ellen musk aims to provide free wife i by passing strict internet censorship in the country. a mid rise in public unrest against the government. are you rich and paranoid one to get away from it all? well, i have just the product for you, your very own underground bunker sales are growing. but if you want one, you'll need more than just to the garden. you'll need deep pockets to entrepreneurs. david rabinski test the hand crank for the electric air filter system in one of his new bunkers is food trading every a gamma radiation particles, through this filter, to bring air into the bunker, those living here would have to turn it for 20 minutes every hour. this is

a luxury bunker with room for 8. it has a bedroom, bathroom kitchen, as well as a living room, purchase price, $600000.00 euros. so what exactly motivates customers who order a bunker? 2 years ago we had their cove eat. right now we have a war, no one was thinking that we will be having the war in europe and, and right now we have in media. there are telling that there is foot crisis coming while they're crisis. if you want us feel safe, this is we are giving you the solutions. rubik is managing director of a family business in poland. his 300 employees build. bunkers and demand has been growing. whether their fears are rational, not more europeans are afraid that world events will eventually engulf them. the stairs will eventually lead to an underground shelter to day work as a welding the door that will lead to the bunker a door. that in theory can be closed against unwanted intruders.

the facility also has a diesel generator for emergency power. the idea is that owners bury the bunker under ground in a yard or other property. david rebecca manufacturers his bunkers for u. s. clients, as well as german customers, like the berlin company, b as as d. since the ukraine war sales have risen sharply. liam's offer, but it's all good. we also saw it in the hits on our websites. we used to have around a 100 a day and then suddenly 10000 with us when we put enters the bunkers, come in different sizes, including small and medium for those who expect institutions like the police to still be around a small panic room for $15000.00 bureau, it's supposed to protect against armed intruders for at least 30 minutes until law enforcement arrives. when there is something happening, you just close your family and you just press the button and you just wait. the

order books are full, giving workers here plenty to do. nothing like a war in a not too distant country to drive a business based on fear. and now you're up to date with d w business. if you want more, of course you can check out our website. that's d, w dot com slash business for me, i'm the team here in ballad. thanks for watching. a new home and the art dick. all are welcome and long year me. no work visa requires people come here for good salaries and breathtaking business. life in the arctic is hard and freezing cold. welcome to pittsburgh and close up. next on

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