tv Business - News Deutsche Welle July 4, 2023 11:15pm-11:31pm CEST
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the way we appreciate you taking the time to talk with us tonight from here today, and we certainly do wish you all the best. thank you. thank you for having. thank you again. bye bye. you're watching dw news, dw business news is coming up. next, i will see you tomorrow the we are all set and we're watching closely. we all seem to bring you the story behind the news. we roll about unbiased information all 3
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months. maybe 10 things are going and getting comfortable with not fears, comedy from pakistani women pretty to shake up the image of their generation. some topics are still tapping, but these comedians are pushing the boundaries of free speech. humor again, sexism, park, hassan women, rise up in reporter this weekend on dw, the oil prices rise after saudi arabia and russia, 5 to cause, i put on the exports to move, comma mid week, and in global demand, and calls to lesson dependence on fossil fuels. and it's a red hot markets. why is the global spice industry is booming? business?
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think of the business on k, ferguson, thanks for joining me. oil prices have risen off of the world to biggest export. here is of the commodity made move to caught production and exports. so the radio says it will extend its current. i put costs of a 1000000 barrels a day until august, while the russian says it will reduce its exports. both re at moscow are concerned about the prospect of oil prices sliding weaker to mind from china and europe. put pressure on factory activity for more and that's, that's bring in all markets. almost live yeah. color right. to live. yeah, 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 a little boy, you know, mean slow down. and that is why, for us,
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precisely why they have been progressively incrementing production costs that we have seen over the last few months. the, the market brunley expected this latest 1000000 bucks for the voluntary come to be rolled into long list. so there were no surprises there. and even on the micro certainty, the spacing, 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, so likes of china and india. will these export cuts actually have a tangible effect on those countries? 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, and the being the media portray the restroom codes the you and the bar girl took effect at the end of last year. and over the last few months,
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russia has the one of the main discount, the oil that 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 turn to more expensive benchmark res, going forward. what are your projections done for the coming months? are we likely to see more costs? do you think? well, we believe of saudi arabia, we continue to ensure that that increasing the global markets do not build. this might be montane song production costs later into this year, particularly if the environment doesn't improve or even even more things determine rates further. it may not be the full one medium box to day tasks. the data extended to listing may be smaller and cod. my extension is definitely something that can not be able to balance at this point. right. maybe i gather rossi. thank
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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 in 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. the construction is in full force. soon they will extract massive amounts of oil here at lake albert in the western part of you gone to the that's trying these oral giant china national offshore oil corporation and france is total energy. 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.
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environmental is worry about damage to the land and water, and people would have to be moved and resettled elsewhere. people like julietta coma. 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 the listing when the major problem we've experienced 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 suit total energy in france without success officials and you've gone to reject criticism of the oil field, the government on the project partners. we have taken 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 are also ensuring that the
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livelihoods of the communities 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 not clear if all that will happen. many here worried that any in the multi national 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 and less bure crossteck to hire foreign workers. it's a much needed news that 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 to him a text though business in the north, west, in germantown,
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phillip back with orders flowing unlikely our company own their data. my directs could double sales revenues by starting a 2nd production shift, but he can't or not novel skip cells. no, 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. they have 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 feed. my direct is in contact with an a median who could do that. he wants to hi him. hello, did my i'm well, how are you? very good. i have already saw you in apartment 2 in germany. for 18 months deep. my dogs has been trying to bring rustic from armenia to germany, but german authorities do not recognize his credentials. that has been frustrating
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for the business owner who wants to sponsor his work visa video. and i think also if i think would move here 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'm just thinking 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 and you immigration little things to make it easier for skilled work is to come to germany experts and convinced lifelock of the law helps . 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 it. how given that means recognizing for in credentials won't be enough via for eighty's,
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will need to speed up how fast they process fees or requests that could help businesses like deep my dorks 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 where methyl is vital for making some a conductor. tips from august, businesses will need a license to sell gallium on germanium to foreign buyers, oppressors, china produce of 80 percent of the world's supply of the 2 models. facebook parents, company mess, so it has a nice a new out to compete with twitter. it's called threats 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 food spice,
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say this next to where you will be of interest over the past few months, the price of poke human and to work have his record highs. higher prices may be bad news for consumers, for entrepreneurs, if old a more encouragement to spice up their business plans to merrick cart, them him into spice sales on the rise of the highly son is one of the people behind the trend is top cetera. is intended to be enjoyed on popular german braids, usually eat lisp, feel better in know, comes around with a bit of sharpness. such spice mixtures helps us start up score points in the eyes of the customers to give its initial isn't included them. so the spice mixes are essentially a problem solver. 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 your bull spice mix and look naturally simplifies things. it
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works great for those who might not have any cooking experience. they funded 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 construct. 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 after then, the price is would be much more because now, so based on do you mind subsidize if you've got notes up right too much of it, you kinda know how much more prices developing a new spice mix. here's another industry new coming from hamburg. oriental spices like human ought to be included as they are currently very popular. all ingredients
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come from farmers in developing countries who are fairly paid. it's part of the concept of new companies that are currently shaking up the industry as the sustainability or so for me, i don't know if i seek supply us with do exactly that. who have a direct line to the plantation, often already in the 2nd or 3rd generation. and then take a closer 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 on this, this will be $2.00 or so on. square a product. the c o also offers tasting sweat premium shop us show up, you know, to often young and willing to pay up to 18 year olds for a candle spice, eager for a new taste. remember, this is not off the fi 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 berlin. it's by the
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fifth's cold red, 4 year of sports every year, terrible fires rage across the continents. protecting these eco systems from the flames is more important than ever. we need people from spain and germany who wants to make a difference. they share their ideas and their great passion for the for close out next on d, w, a lot of problems that you have right now my, these quotes that are happening as a result for corruption that something inside of your top and then a list of implement level, much of funding spent the last couple of years, expos in rocks, that countries for electricity sector,
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a courageous investigation revealed a complex network of the criminal syndicates. 77 percent. and 60 minutes dw. we've got some hot tips for your bucket list. magic corner check. hot spot for food and some great culture of the board has to boot w travels off we go. the how far is places of peace and century unimportant regulations about killing this. but this key habitat faces a growing threat from increasingly frequent devastating forest fires.
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