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tv   Business - News  Deutsche Welle  July 5, 2023 1:15am-1:30am CEST

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top seed carlos alcaraz advance to the 2nd round at wimbledon, following a straight sets when overt jeremy shar d spans of authorize. who is car key ranked number one in the world for his impressive baseline cell to play, to bear against. on seated frenchman, charging the rising star one last year as us open and reach the semi finals of the french open. the month is amy to grab his fuss at the window the time. well that says you up to dates, coming up next the latest business. my colleague, kate ferguson, i'll see you soon by the guardians of truth. my name is junk and and i have paid almost every price of being enjoying this in a country like to tease taking on the powers that be they risk every thing
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john don't r s activist journalist and politicians living in exile too much on my shoulders. but i have to hold this way because i'm responsible for the future follow culture for the people who are behind the bus. people need to know what is happening there in our series guardians of truth watch . now on youtube dw documentary, the oil prices rise after saudi arabia and russia, $5.00 to cost i put on the exports, to move compliment, we can in global demand and calls to lesson dependence on fossil fuels. and it's a red hot markets,
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why the global spice industry is booming. business needs to be business on kate ferguson. thanks for joining me. oil prices have risen off of the world to biggest export, or is of the commodity made move to caught production and exports. so the re, b a says it will extend its current, i put costs of a $1000000.00 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 demand from china and europe put pressure on factory activity for more and this last spring in all markets, almost live yeah. color right. to live. yeah, i want to look at both these decisions in a broad are context more than 2 thirds of faddie, rayas income still comes from selling fossil fuels. how worried is the country if i have a broader global economic load? it was well aware of the risks of global economic slowdown, and that is why for us precisely why they have been progressively implementing
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production costs that we have seen over the last few months. the, the market brought the expected this latest $1000000.00 for the voluntary come to be rolled into all this. so there were no surprises there. and given all the closer to the, the spacing, the oil markets, it is very likely decided really and would 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 has been selling cheap oil to the 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 now. yes, he's counting oil. that china media be purchasing as well as rain in wales. they've benefited from that a lot. but the, the additional comes from russia would mean that side of it would have to try to do
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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 decided we'd be able to continue to ensure that increasing the global markets do not build. this might be montane some production costs later into this year, particularly if the max environment doesn't improve or even even more things determine rates further. it may not be just full one medium box to day tasks. the, the data exchange to listing may be smaller costs. by an extension, it's definitely something that can not be able to balance at this point. right? maybe a dollar off to you. 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
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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 look struct. 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 francis total energy. the pumps are set to begin operation as early as 2025 estimates are for at least 1400000000 barrels hidden underground of a 1400 kilometer long pipeline is 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 land and water, and people would have to be moved and resettled elsewhere. people like julia tacoma, she's already been moved into a house provided by the energy venture. she's worried about her future,
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which will still be dominated by the mecca project nearby. you remember me last year? i let you know what 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 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 and the project partners. we have took in 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 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
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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 on less pure acrostic 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, its businesses going smoothly a directs towards a textile business in the northwest in germantown, to fill it back with orders flowing unlikely. our company owned their deed, my director could double sales revenues by starting a 2nd production shift. but he con 9 novel skips all the no,
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we don't have young work or some germany anymore. that's because at some point in the past, manufacturer has had less work and higher to fewer apprentices. god always be nearly. i understood how often they have 43 people working in the factory. half of them 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 there? good, very good. i have already saw you in a parchment here 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 i think would move here from, i mean, yeah, we could manage to double up production. but because that's not the case, it's obviously a big limitation for us. i'm saying controlling the lack of skilled work as,
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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 well and you immigration little things to make it easier for skilled work is to come to germany . experts find convinced the life of the laws health system, 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 in credentials won't be enough via for eighty's, will need to speed up how fast they process fees or requests that could help businesses like deep my dork with their goals to high a more work as and rump up production. now into some of the other global
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business stories making news. china has imposed export controls on to where muscles vital for making some a conductor chips 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 parent company mess. i'll have a nice a new out to compete with twitter. it's called threats and is expected to be launched over the coming days. meanwhile, twitter owner isla must have under the users after putting more features behind a subscription payroll. now if you liked your food spicy this next to where you will be of interest over the past few months, the price of poke human and to work half his record highs. higher prices may be bad news for consumers. but for entrepreneurs, it's old more encouragement to spice up their business plans to marie
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carter, him into spice sales on the rise. actually highly son is one of the people behind the trend. his top seller is intended to be enjoyed on popular german braids, usually eat with peel butter. it now comes around with a bit of sharpness, such as spice mixtures, helped to start up score points in the eyes of the customers to give its missions and look spice mixes are essentially a problem solving. perhaps i don't want to deeply involve myself in deciding what goes into my goal or so he needs spies. 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 funded amazing, just one spice, and it simply tastes good. just make time tough. his business is located in the old warehouse district of hamburg despite construct. pembroke is the 3rd most important,
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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? um hub. see because uh, i need this kid. uh. yeah i, i know if i see it after then the price is be much more because now, so based on do you mind subsidize issue panel and stuff but i too much of it. you kinda know how 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 in developing countries were fairly paid. it's part of the concept of new companies that are currently shaking up the industry as the sustainability. so home, yeah, i seek suppliers to do exactly that. who have
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a direct line to the plantation often already in the 2nd or 3rd generation. and it 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. this is what they were supposed to plan. a product to the ceo 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. you know, i'm going to send that off. if i show from where you can always check out 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
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by boat to the other side of the c. proud is the successful campus, the retaining who's valuable experience. they're all 108000000, displaced people's worldwide. these are some of the stories. the was the climate friendly steve suite is already producing it and paving the way to a new era for the entire industry created using a hydrogen technology sweetness. theo is carbon neutral. it's also faster and cheaper to make in germany in 60 minutes on d w. what secrets lie behind being discovered
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