and a reminder of the top story were falling for you today. you are a secretary of state antony blank and has called for the escalation of tensions after meeting with palestinian president, my boss and the occupied west bank meeting comes. i'm going to search and violence in the west bank and to respond business with rob watts is next to for that. there is of course, always much more news and analysis on our website that is d w dot com. and you can also follow us on social media. our handle, there is a news article really. thank you so much for your company. ah, i'm getting ahead with documentary series founders valley, it's africa with the founders, empowering their continent through digital innovation clearance for the work health

and the living conditions in their country. and finally, the world with their ideas. founders valley africa starts january 3rd on d, w. so you want to know what makes with love via batting stuff away from us, but i'm not even know how to work. my own car and everyone with later holes and everything today. just getting are you ready to meet the german gun? join me, rachel stuart, on d. w. a . exxon mobil reap the benefits of soaring energy prices. usaa oil and gas has posted its highest ever on your profit. will it add volume to the coals for when full trucks?

obsession fears ebbing away the i m. f. has upgraded it's forecast of the global economy. so what's behind the increased optimism? 3 years later, brits of weight that breaks it. benefits here about the ongoing impact of businesses, of leaving the u. this is data when your business sign robots in burden. welcome to the program. another oil company posts major profits, exxon mobiles latest results show it smashed. it's previous net earnings record last year. and they've never off of it of $55700000000.00 during 2022. having made just shy of 13000000000 in the 4th quarter. yes, all prices serge, as economies began to recover from the pandemic and war and ukraine, raised uncertainty over energy supplies is 2022 profits over $10000000000.00 more than its previous record posted at the height of the global financial crisis in 2008 well, let's get more on this from our financial correspondent in new york,

yann's quarter on wall street forest jones eggs on put this down as in clever strategy, but how much of this is actually down to factors that obviously we're not within its control? well, what a difference 2 years make, i mean, clearly the commodity prices have recovered quite a bit in the past 2 years. so definitely help exxon. it was not the doing of the top management. if you think back a good 2 years ago at the height of the pandemic in 2020 oil prices for a moment actually turned in a negative territory that year. it was the 1st time in more than 4 decades that exxon actually had a yearly loss stock. got kicked out of the dow jones industrial average. and now 2022. as you mentioned, the record profits are part of it doesn't increase in commodity prices overall, but part of it is also that exxon other than some a competitor,

especially from europe, actually, is still placing bets on fossil fuels, some other energy companies or even oil gas companies. have decided to go a bit more into the renewable energy direction. exxon has not really done so that much. and as we see with those numbers, obviously you still can make a lot of money out of oil and gas after doing well by going against the sort of environmental tide and gens president biden did flew the idea of a wind full tax. is that something that's still on the table? rob that always comes up when companies report such a huge profit. i remember very well not that long ago, that the profit report from the big oil major in fall we heard out of washington, that there should be a windfall text and post the little has happened so far. and then we also shouldn't

forget the summer when gas prices year in the united states were at a record, it was actually the biden administration, almost begging the gas company to pump and produce more. and then, well, there's also changed since last fall. now the majority in congress is not any longer on the side of democrats, so my opinion, it will be very difficult to get anything and post like a windfall tax tax, even if we might here so out of washing and also have figures from general motors their profits jump to 16 percent in the 4th quarter. how is 2023 striking up comic yeah, general motors in general is pretty beat that to 2023 but also be a good year. and what was especially interesting rob with those 3 points from general motors, they did not talk about price cuts. we have heard. so earlier from ford, from tesla actually that did put some pressure on the car industry and overall

about gender motors actually talked about they improve the supply chain, but they also could get higher prices for their cars. and price cuts, at least as of now are not in the cards for general motors, so the stock was up by a good 8 percent and just by the way, mary barra, the c o r g m, also announced investment in a lithium mine here in the united states in nevada, in the amount of $650000000.00. okay. and go to new york for a thank you very much for the update. now let's take a look at some of the other global business stories that are making the news. spotify says it's paying subscribe account, grew by 14 percent to end in $5000000.00 in the 4th quarter of last year. however, the sweetest company pasted a net loss of 430000000 euros in 2022. it recently announced plans to cut almost 6 percent of its workforce us drug manufacturer,

pfizer says its profit rose by 43 percent to more than $31000000000.00 in 2020 to the guy with vaccine make a post of record annual revenue of a $100000000000.00, but predicts a fall in sales this year. as the spread of corona virus slows. i'm european union's economy grew 3.6 percent last year. according to statistics agency juris that he is g d. p growth outpaced that of the us and china in 2022. despite fears of recession due to skyrocketing energy and food prices. but isn't just the e u that is seeing is economic picture improve the international monetary fund is getting increasingly optimistic for global growth. this year, the recent sudden and unexpected shift in china's strict coven policy is making a major playing a major role in making the future seem a little brighter. the world economy seems to be moving forward. things are starting to look up after

a bleak 12 months. 12 months that so economic downturns across the globe and the cost of living crisis, dose problems haven't gone away. the international monetary fund is raising its expectations for 2023. it now expects the global economy to grow by 2.9 percent this year. an upgrade on his previous forecast of 2.7 percent. a global recession is looking increasingly unlikely. the i m f expects the u. s. economy to grow by 1.4 percent this year. it's expecting a similar level of growth in brazil as well. it's also predicting increase g d p across the country is that used the euro among the major economies, there's just one outlier. the u. k is on course to see its economy shrink. british families will have to wait for really but the i m f says the world is benefiting from the return of china to the global stage with all the indications or that we are witnessing a rapid reopening of the economy. and so here,

when we think about the re opening of the chinese economy, it's going to have an impact on the supply side because we can anticipate it once the economy fully reopened. we have less a supply chain disruptions that we have witnessed in 2022 when they were logged downs and, and can finance. it's all going to get an expansion in production. coming from that side. china, us reopening to the world has come as an unexpected boost. but the i m. f. 's forecasts rely on no more unpleasant surprises because you just her, the better news does not extend to the u. k. the news that it is lagging behind, all other advanced nations comes 3 years to the day after it left, the european union. inconvenient timing for a british government king to prove that breaks it has its benefits as big at mass reports. many more laurie used to pull into the school court as them chemicals used to supply all of their klein's out of the headquarters in england. but since

brags it, it's been too complicated and too expensive to forward any goods to the eel. managing director danny locker and was forced to open up a 2nd hub in poland. i am paying to lots of customs duties. we're now paying in the u. k. and in germany or poland or rather than just doing everything once i came in here. so, as you have had to ram, do a lot more work for no more business astern. as working with raw materials for the cosmetics industry, the increased workload means that the company's productivity has taken a hit. and low productivity is something that the british economy as a whole, is suffering from the medium to long term. britain will be 4 percent worse off than if it had stayed in the u. that's according to official forecasts. so many british business leaders are not surprisingly now, asking what really are the benefits of briggs it then a lot,

ren cannot see any upsides of brake said for a company, or indeed her industry with regards to the country as a whole. the british economy has recovered more slowly after the pandemic than other comparable economies. but we've had increased uncertainty since the referendum back in 2016. at that point we saw that business investment as a share of g d p really took a hit in the u. k. and it hasn't really recovered, while another countries it was growing during that period, ellsbury is the nearest town to asked and chemicals. people in the area voted narrowly to leave you. but to day, we could not find many convinced by the realities of breaks. it was a lot of promises my sickly born mister johnson, a motto, sumani of him come true. he saw brother of him ready deal. i haven't seen it specs . it is a tragedy where i don't think we is too small to be of any importance anywhere in the world with those situation we're in the economic situation we're in is the

result of rex. it, which has stayed in with europe and her, we're, we're, we're together now is known as issues we trade and whatnot. so yet more pers opinion and great on knew that everything was going to the tough but in the long run will be a control. we'll look after ourselves and go from there 3 years after the u. k. formerly left, the one thing is clear breaks. it was always a political project for many businesses across the country. any economic benefits a hard to find. and just lastly, we bring you news of the end of an era. it's been called the queen of the skies, but the reign of the jumbo jet has come a step closer to ending boeing has made the final delivery of it. iconic 747 double decked giant of aviation is now no longer in production with large planes falling out of fashion in favor of more efficient twin engine aircraft. it's made and flight back in 1969. there it is. comes

over half a century before boeing employees watched on as the last production model was delivered today. just a reminder of the top business story we're following for you this hour. after months of gloomy forecast, international manager fund has raised its outlook for global growth for the 1st time in a year. the i'm a says that the world economy is set to expand by 2.9 percent during 2023. and so for me, in the business team here, berlin until next time, like russia at here suppose, or resignation. the war machine has a firm grape on the country, but not every one supports the president's war. this report takes

a look at what ordinary russians actually think close up next on dw, the 77 percent. i always wanted to be a farmer, but i can't imagine doing any whales, but at home. why are young africans returning home from abroad? and i will be sending the rest of the week of july things about home office. and when you come back yet can really have a good chance the 77 percent in 60 minutes on d, w o. in johnson dodge to searches for the truth again at this

time at the exile to turkish journalist meets svetlana itsyana, sky exiled leader of the opposition in bella, luce, of course, i'm tired. i'm tired, physically untied. morally, it's too much on my shoulders, but i have to hold this weight because i'm responsible for the future. follow contra for the people who are behind the boss. guardians of truth starts february 18th on d. w. ah ah, i've been reporting for a r d as a moscow correspondent for 5 years. everything changed on february 24th 2022. the de russia invaded ukraine. the country i live in is waging war.