a red hot market is why is the global spice industry is booming? business? do you have any business on k, ferguson? thanks for joining me. oil prices have risen off of the world to biggest ex for her is of the commodity made move to cost production and exports. so the re, b a says it will extend its current. i put costs of a 1000000 barrels a day until august, while russia says it will reduce its exports. both re at moscow are concerned about the prospect of oil prices, sliding weaker demand from china and europe put pressure on the factory activity. for more in this last spring in all markets, i almost live. yeah, colorado livia, i want to look at both these decisions in a broader context. more than 2 thirds of faddie, rayas income still comes from selling fossil fuels. how worried is the country about a broader global economics loaded? well, saudi arabia is well aware of the risks of the buildings norming,

slow down. and that is why, for us, precisely why they have been progressively implementing production costs that we have seen over the last few months. the market brought the expected this latest $1000000.00 for the voluntary come to be rolled into long list. so there were no surprises there. and given all the search emptiness facing the oil markets, it is very likely decided really and will keep monitoring the amount of a closely and make any adjustments to supply that are going forward. all right, i want to turn to russia. now we know it is been selling cheap oil to the likes of china and india. will these export cuts actually have a tangible effect on those countries? oh, yes, absolutely. we believe that's the bulk of the rest of the production costs that we're announced yesterday. we'll follow them crude exports and sign i b, i have been the media portray the restroom codes, the bar girl took effect at the end of last year. and over the last few months,

russia has the one of the main discount the boil, that's china, media be purchasing as well as rain in wales. they've benefited from that a lot. but the, the, the additional comes from russia will mean that signing it will have to try to more expensive benchmark res, going forward. what are your predictions done for the coming months? are we likely to see more costs? do you think? well, we decided we did, we continued to ensure that that increasing the global markets do not build. this might mean montane song production costs later into this year, particularly the max environment doesn't improve or even even more deteriorates further. it may not be the full one medium box to day tasks. the data extended to our listing may be small and cod. my extension is definitely something that can not

be able to balance at this point. right. maybe i gather rossi. thank you very much . thank you and staying with the oil industry, while some countries, including sadie, arabia are trying to lessen their economic dependence on the fuel and the long term in other parts of the world. new projects are just getting underway. our next report brings us to uganda in east africa where a drilling project on lake offers is sparking controversy. construction is in full force. soon they will extract massive amounts of oil here at lake albert and the western part of you've gone to the that's chinese oil giant china national offshore oil corporation. and france is total energy. as the pumps are set to begin operation as early as 2025 estimates are for at least 1400000000 barrels hidden underground. a 1400 kilometer long pipeline has planned to bring the oil in to

neighboring tons in the year. but the project is highly controversial. environmental is worry about damage to the lands and water, and people would have to be moved and resettled elsewhere. people like julia to chrome. oh, she's already been moved into a house provided by the energy venture. she's worried about her future, which will still be dominated by the mega project nearby. in the military. i let you know, the major problem we'd experience so far was a couple of days ago. there was a huge task that originated from the construction site, and all of us were covered in that dust pool. the environment was also worried about the water supply. and generally the climate crisis. oil production comes with high carbon emissions. some organizations have tried to sue total energy in france without success. officials and you've gone to reject criticism of the oil field of government and the project putnam. we have to can deliberate steps to ensure that the oil and gas projects developed sustainably. we've taken care of the environment

and by the bus to pick one son. we also ensuring that the livelihoods of the community to surrounding this operations improved along the sides of the development of the projects you're going to is. government is banking a new oil, riches of billions of dollars and investment to bolster the local economy and create tens of thousands of new jobs. but it's unclear of all that will happen. many here worried that any in the multinational oil conglomerates will be the ones reaping any profit, and they themselves must deal with the problems. here in germany, a new law has gone into effect design to make it easier on less bure crossteck, to hire foreign workers. it's a much needed news. the country is sort of hundreds of thousands of workers and key industries. but for business owners, hoping to sponsor talent from abroad if can still seem like an uphill battle business is going smoothly directs tunes, it takes the business and the northwest in germantown to fill it back with orders

flowing in like they are, company own their teeth, my director could double sales revenues by starting a 2nd production shift, but he con, as not novel skip saw snow. we don't have young workers from germany anymore. that's because at some point in the past manufacturer has had less work and tired, fewer apprentices do. we should be nearly, i understood, happen there, 43 people working in the factory. half of them are from a broad production is fully automated. so work is need to know how to operate the machines deep. my direct is in contact with an a median who could do that. he wants to hi him. hello, did my um, well, how are you? very good. i have already followed you in apartment 2 in germany. for 18 months deep. my dogs has been trying to bring rustic from armenia to germany . a german authorities do not recognize these credentials that has been frustrating

for the business owner who wants to sponsor his work visa video and i think also if last week would move you from. i mean, you know, we could manage to double up production, but because that's not the case, it's obviously a big limitation for us. i just think i'm phones, the lack of skilled work as, as hampering growth. thereby preventing more employees from being hired today. germany needs hundreds of thousands of new skilled workers and it will need even more in the future. for 1000000 people will retire in the next decade and there aren't enough young people to replace them. germany is relying on immigrants to fill the gap. and while a new immigration low and used to make it easier for skilled work is to come to germany, experts aren't convinced personally, a fox of dialogue helps shift. but we have major bottlenecks in administration. we're much too slow. the processes are not digital and take forever, and this ultimately prevents immigration and the gains we could get from

a given. that means recognizing for an credentials won't be enough via for it is we need to speed up how fast they process fees or requests that could help businesses like deep my dark, with their goals to high a more work as and rump up production or 9 to some of the other double business stories making news. china has imposed export controls on to rare metals vital for making some a conductor tips from august, businesses will need a license to sell gallium on germanium to foreign buyers. preston's china produce of 80 percent of the world supply of the 2 mattel. facebook parents company mess uh, have a nice a new app to compete with twitter. it's called threats and is expected to be launched over the coming days. meanwhile, twitter owner a must have active users after putting more features behind a subscription payroll. now if you liked your few spice,

say this next to where you will be of interest over the past few months. the price of both human and to work have his record highs. higher prices may be bad news for consumers. but for entrepreneurs it's old a more encouragement to spice up their business plans. to merrick carton him into spice sales on the rise next to the height of the sun is one of the people behind the trend. his top set always intended to be enjoyed. unpopular german braid usually eat with peel butter. it now comes around with a bit of sharpness. such spice mixtures, helped to start up score points in the eyes of the customers, or give its missiles and include them. and so the spice mixes are essentially a problem to solve a who perhaps i don't want to deeply involve myself in deciding what goes into my goal or to any spice. in that case, i'll just use it to he knew both spice mix and that naturally simplifies things. it

works great for those who might not have any cooking experience. they find it amazing, just one spice, and it simply tastes good and just make time for his business is located in the old warehouse district of hamburg despite his shot. pembroke is the 3rd most important, top for spices worldwide. after single point, new york. therefore, spice farmers like these men from uganda. come here for market research. do they a small farmers benefit from the boom? i'm happy because i needs this kid. yeah, i, i know if i skate up in the prices would be much more because now, so based on demand subsidized, if you cannot separate, i too much of it. you cannot have much more prices developing a new spice mix. here's another industry, new comer from hamburg, oriental spices like human ought to be included as they are currently very popular

. all ingredients come from farmers and developing countries with fairly paid. it's part of the concept of new companies that are currently shaking up the industry as the sustainability. so for me, yeah, i seek suppliers to do exactly that. those who have a direct line to the plantation, often already in the 2nd or 3rd generation. and it's a good close look in advance for what is the philosophy, how important is it to them to maintain the entire supply chain, fee of payment, right back to the original product, connell, this, this what this to or from a product to the ceo also offers tasting sweat premium shop us troll up, you know, to often young and willing to pay up to 18 year olds for a candle spice, eager for new taste. you know, i'm going to send that off. so if i show from where you can always check out the w dot com slash business, we're on the dw news youtube channel as well, from me on the entire business team here in portland is by

the

news and as far sent out wide. that's what makes life beautiful for the direct hunters. now these 2 car seats from nigeria are ready to go pro. how many laps do they have to complete the 13 w. keep doing what we're doing. we need to become a sustainable as possible. and that's why a green revolution was absolutely necessary. european agriculture

is facing major challenges. the future is being determined now. you have revealed the loss taught in all series of 75 minutes on dw would or sports all of our scoring. we say they were about never giving up sports like every weekend on dw hello guys. this is the 77 percent. the platform for africa's youth to these, these issues and share ideas the, you know, or the side that will be a not a great to catch and then it gets top of applicants. population is really fast. the young people clearly have the

solution. the future is 77 percent every weekend on dw, the the this is the news line from the israel, such as the janine refugee camp, looking for a $0.10 dw, is in the occupied westbank city on the 2nd day of what is really forces that calling a counter terrorism crack that palestinian officials say it's an attempt to displace the people.