and research center in central china. i certainly appear to be pretty chill with the whole situation. and that is all the news for now. don't forget there's more to be found at our breaking news and on social media to handle the need for instagram and twitter is at the w news. i'm anthony. how'd barbie? you're watching. a good time. she with

ah, 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. a major move or just put in posturing. we'll get the export view and the deadly winter storm in the

united states has caused 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. j. walden glow of existential dread. 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 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 russia 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 us. tom, you're skeptical that this will have any significant effect. why is that?

well, good evening. thank you for harry mcdaniel. i 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 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 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. 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 refining 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 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 cap. 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 camp, 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 when it's shift away from russian oil? i'm with the oil. it's good. i mean, gas is another matter. there 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 . 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 back and plenty, much to, to look for to, for 2023. that also drama there in the energy market. i bet ta model. thank you very much for that figurative to northeastern united states where a winter storm is 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 cancelled over 70 percent of flights on monday, measuring the situation from new york force. so teddy, tell us more about how the airlines have reacted to the travel chaos to the stall, and 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 getting the ire of investors. we're seeing the 7 percent decline in its 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, it depends on what we mean by normal, right? well, the normal of 2022 has been bouts of crises for the industry. now some of these airlines have gotten back quicker. southwest,

maybe by thursday we're 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 shed 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 i will see a new year's 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 e mail addresses and phone numbers. alleged cyber criminal published data for 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 xt says it has almost a 100 star lake tunnels active in iran to provide internet service that the

receivers which connect to satellites were smuggled into the country star link run by elan mosque aims to provide free wifi by passing strict internet censorship in the country. a mid rise in public unrest against the government. 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 gotten. you'll need deep pockets to entrepreneur david rabinski, test the hand crank for the electric air filter system in one of his new bunkers is full tracking every a gamma radiation and 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 their cove eat right now. we have a wor, no one was thinking that we would 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 solution. rubik is managing director of a family business in poland. his 300 employees billed bunkers and demand has been growing. whether their fears are rational or not, more, europeans are afraid that world events will eventually engulf them. the stairs will eventually lead to an underground shelter to day worker, so 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 is bunkers for us clients as well as german customers, like the berlin company, b as as d. since the ukraine war sales have risen sharply. we, i'm software, 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 were implemented. 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 dw dot com slash business from me and the team here in ballad. thanks for watching. the kil, consummating cocoa and god eating plantation is and climate change. we're making life difficult for farmers that don't n g o helped out with dis monitoring lubrication systems, and people again learn a game changer for gamez, cocoa farmers eat africa by next on d, w o. the beauty of the mysteries. robert

wilson is one of the most important figures in theater worldwide. his productions achieve, culture and feature magical, inexplicable, and haunting imagery. we ask mister wilson to reveal somewhere is artistic secrets . busy in 45 minutes on d, w ah, blue we've got to understand that globalization works, but he does not reach more than 30 percent of the world population. very simple, not fussy. 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 grandparents and his parents. this is his business. the company of all that life. well, the winners and losers. globalization, where do we stand? starts january 5th on d, w. ah, ah, welcome to a co op rica. i hope you're ready for packed show. i am chris, the lamps coming to you from.