oh is remind about top story your secretary of state anthony blinking has called for the escalation of tensions after meeting with palestinian president. my food about the meeting comes i me to surgeon, i spent andrew. so i set you up today that will work here. so the top of our watch has your business update in just a 2nd. change your mind. just click away. find out best documentary on you to see the world. i

already subscribe. now, t d w documentary a b o, x on mobile rapes. the benefit of storing energy prices, the u. s. o n and gas has posted its highest ever and you'll profit. will it add volume to the cold wind full to procession phase, ebbing away the i m f has upgraded. it's forecast the global economy. so what's

behind the increased optimism and 3 years later, the 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 berlin . 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,

yen quarter on wall street boars. yann's eggs on put this down as in clever strategy, but how much of this is actually down to factors that obviously were not within its control? well, what a difference 2 years to 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 pen demik in 2020 oil prices for a moment actually turned in a negative a territory that year. it was the 1st time in more than 4 decades that exxon actually had a yearly loss. the stock got kicked out of the dow jones industrial leverage. and now 2022. as you mentioned, the record profits are part of it is an increase in commodity price this 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 and 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 present. biden did flip. 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 texts and post the little has happened so far. and then we also

shouldn't forget that 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 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 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 earnings reports 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 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 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. 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, 205000000 in the 4th quarter of last year. however, the swedish 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. and the 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 saying 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 once the economy fully reopened, we have less a supply chain disruptions that we have witnessed in 2022 on our log downs and, and can finance. so we're going to get an expansion in production coming from that side. china reopening to the world has come as an unexpected boost. but the i m. f . 's forecasts rely on no more unpleasant surprises. but as you just heard, 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 the chemicals used to supply all of their klein's out of the headquarters in england. but since

briggs 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 and are paying in the u . k. and in germany or poland or rather than 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 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 breaks 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 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 ever come true. he so burger of i'm ready deal. i haven't seen it specs. it is a tragedy where i don't think the west 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 your calendar year while we're

together. now as non as issues we tried and whatnot, so yet more pers 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 bricks, 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's iconic 747. the double decked giant of aviation is now no longer in production, with large claims 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 a reminder, the top business story were 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 my 2.9 percent during 2023. and so for me, the business team here berlin until next time with engage a child's health is the most important thing to parents. but what is good and what is bad for little ones?

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