in the occupied west bank, the meeting comes and me to search in violence in the west bank in jerusalem. you're up to dag state. you now for business news, we the rob, what's that's up next after a short break is much more news and analysis on our website. he w dot com. you can follow us to on social media where i'll handle what is that t w's. i'm jarrett great, thank you. feel comfortable with every journey is full of surprises. we've gone all out to give you some tips why they in the foot of the rigby home. i'm in your northern most count,

please. ah, 3 times one. still very much alive, dw channel, your guy to the special with recognizes where exactly. it was fun and i've learned a lot our culture history. all their d. w. travel extremely worth a visit with exxon mobil rapes, the benefit of soaring energy prices, the u. s. or the gas has posted its highest ever annual profits. will it add volume to the calls for when full trucks procession is ebbing away?

the i m f has graded, it's forecast the global economy. so what's behind the increased optimism? and 3 years later, brits of weight that breaks it. benefits here about the ongoing impact of businesses, of leaving the u. d. w. 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,

jens quarter on wall street wars yann's eggs on put this down as a 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 and 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 lost. the stock got kicked out of the dow jones industrial leverage. 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 doing well by going against the sort of environmental tied. jens 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 been full text and post the little has happened so far. and then we also shouldn't forget that the summer when gas prices 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 there's also changed since last fall. now the majority in congress is not any longer on the side of democrats. so in my opinion, it will be very difficult to get anything impulse like windfall tex tax, even if we might here. so out of washing ends of also have figures from general motors, their profits jump to 16 percent in the 4th quarter. how is 2023 striking up the comic yeah, general motors in general is pretty up beat that to 2023 but also be a good year. and what was especially interesting rob with those earning 3 points from general motors. they did not talk about price cuts, we have heard. so earlier from ford, from intensely actually that did put some pressure on the car industry overall

about gender motors actually talked about. they improve the supply chains, but they also could get higher prices for their cars and price cuts at least as of now, 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 lithium mine here in the united states in nevada, in the amount of $650000000.00. okay. i'm quarter 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, 205000000 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 unions . economy grew 3.6 percent last year. according to statistics agency juris that is g d p growth outpace 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 oblique 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 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's reopening to the world has come as an unexpected boost, but the ins forecasts rely on no more unpleasant surprises. bless 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 came to prove that breaks it has its benefits as big it mass reports. many more laurie's 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 now paying in the u. k. and in germany or poland, i was just doing a thing once i met came in here. so as you have had to do a lot more work for no more business astern is 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 in 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 for cost. so many british business leaders are not surprisingly now asking what really are the benefits of breaks it then a lot ran cannot see any upsides of break said for

a company or indeed, or 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 shared g. d p really took a hit in the u. k. and it hasn't really recovered while in other 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 will come true. he so brother of i'm ready deal. i haven't seen it specs. it is a tragedy where i don't think we were too small to be of any importance anywhere in the world with those situation. we're in the economic situation we're in is there is our subjects it, we should stayed in with europe and we're, we're,

we're together now is known as issues we trade and whatnot. so yet more person opinion and great. i 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 you. 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 entering. boeing has made the final delivery of it's iconic 747. the 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. here it is.

comes over half a century before boeing. employees watched on as the last production model was delivered. today just to remind of the top business story we are following for you this hour. after months of gloomy forecast, international monetary fund has raised its outlook for global growth. the 1st time in a year. the i'mma says that the world economy is set to expand like 2.9 percent during 2023. and so for me, the business team here berlin until next time with ha, stick waste. good old, hard cash. according to the trash coin app, it's both the app, connect nigerian waste managers with recycling plants to make money out of garbage . you can use it to buy 2 before the tricity you can needed to buy income. it's

data all called time as well as basic medical care eco, africa talk d w o haunted paradise. rwanda, almost 30 years off to the genocide with a stable government and a flourishing economy. foreign investors are rushing into the country. but at what price. busy a look behind the shiny facade of success with in 45 minutes on d, w. o. every day counts for us and for our planet.

a global ideas is on its way to bring you more conservation. how do we make cities, reader, how can we protect habitat, what to do with them? all our ways we can make a difference by choosing smartness solutions. overstaying said in our ways global ideas. the environmental series in global 3000 on d, w, and online. ah, with climate change is notice some bleak future scenario. the effects of global warming very much with us here.