it states to canada, buffalo in upstate new york is borne the brunt of the blizzard, which people in the area are calling the storm of the century. that's all the news for now. don't forget there's more to be found at d, w dot com at any time you like. also on breaking news up and you can always get the latest on social media. i'll handle is at the d. w. news for both instagram and twitter. i'm anthony howard in berlin, where via watching have a dian say with a question of the question about life, the universe and every thing. do you know the answer? well then give it here for the to the answer to almost

everything our documentary series, with whatever raising and ground breaking on a student can legally they after life. are we getting dumber and dumber? how can we feed everyone questions for the present future? emp heads filled with ideas. so get really for the brain update. 40 to the answer to almost everything starts january 15th on d, w. mm. mm. ah, russia retaliates, pledging to hold exports of oil to multiple countries. the countries president targeting the e u and g 7 over that moves to cap the price of russian oil major move or just put in posturing. we'll get the export view and the deadly winter storm in the united

states is 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 vladimir putin says he's banning oil exports to select nations from february. the band will apply to those countries that implemented a cap of 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 york, skeptical that this will have any significant effect wise that well,

good evening. thank you for having the daniel look already the european union. it's rather stunning they receive. they will no longer as of december 5th, take any seaborne oil for 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 rushing economist explained it like this. the lower the volume is in the market, the higher the price will be. so russian 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. well, 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 there are 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 we'll take 23, and more like 4 weeks to go all the way around to china and india. they need that many more time 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. ok, and now russia's 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 lever over europe, but in oil it seems to be so far going pretty well. it's being handled pretty well . so 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. for right now they have a bit of less as we all know. ok, 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. i can plan to much to, to look forward to for 2023 then also drama there in the energy market. i bet tom o'donnell. thank you very much for that. thank you. to northeast and united states where a winter storm has caused travel chaos for several days. now, passengers have been forced to shelter in place with roads closed and flights cancelled. but southwest airlines has drawn the particular ire of passengers it canceled over 70 percent of flights. on monday he was 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. cancel, antennae, australia, monitoring the situation from new york force. so teddy, tell us more about how the airlines have reacted to the travel chaos to the store. that's going on that well,

it seems that the passengers of southwest certainly are bearing the brunt of this. chaos we've seen. 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. ferrying a little bit better, but south west. well, it's a getting the ire of investors. we're seeing the 7 percent decline in stock value, but we're also seeing the hire of passengers and the government president bite and even name check the company in a tweet and 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 on prepared for the resurgence in demand. perhaps we'll see in 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 mosque aims to provide free wife i by passing strict internet censorship in the country. i made rise in public unrest against the government. are you rich and paranoid? want 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 rebuke, he 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, and 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 that cove eat. right now we have a war, no one was thinking that we will be having a 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. ricky's managing director of a family business in poland. his 300 employees billed bunkers and demand has been growing. whether their fears are rational and 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 the 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 in 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 barrels 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 at d, w dot com slash business from me. i'm a team here in ballad. thanks for watching. new best bashing, blue. a $1000000000.00 business for the gross exploitation for the men and pollution for everyone. the chinese fashion giant shaking eclipses anything

like it before. ever faster and ever cheaper, but it will cost the world so much more than money. all the 3000 on d. w. innovation is ready to lift all progress and science will turbocharged the economy with lightning fast quantum computers and climate change resistance super plants. we take a look at high flying technologies in our review of everything that matter is not made in germany. in 60 minutes on d, w o blue. and we've got to understand, but globalization works,

but he does not reach more than 30 percent of the world population. very simple. that facility that's very convenient for the chinese after the cookie diesel there excuse me, but i am the mediterranean as potomac kind of great sarcophagus. if anything he was proud of it was to be a steal worker like his grand parents and his parents. this is his business, the company of all that the life. well the winners and losers. globalization, where do we stand? starts january 5th on d, w. o, o. welcome to global 3000, a refuge from global warming. why duluth in the north of the you.