tv Business - News Deutsche Welle July 5, 2023 8:15am-8:31am CEST
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last year was the 1st ever france lamb title for a tax. any player also on tuesday top see it carlos alcatraz advancing to the 2nd round following a straight sets when overt jeremy tardy springs i'll cut as is currently ranked and number one in the world and he brought his impressive baseline style of play to bear against the unseeded frenchman, he won last year in the us open and reached the semifinals of this year's french open. he's aiming for his 1st ever windows and title. the next business needs to stay with us because the secret slide behind discovered new adventures and 360 degrees and explore fascinating world heritage sites dw world heritage 360
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yeah. now the and the discovery change your mind just a click away, find out best document, freeze on you to see the world, the subscribe. know to dw talking entry, the oil prices rise after saudi arabia and russia, $5.00 to cost, i put on the export, the movie compliment, we can 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?
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business? think of the business i'm k, ferguson, thanks for joining me. oil prices have risen off of the world's to biggest export. here is of the commodity you've made, move to caught production and exports. so the right b a 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 demand from china and europe put pressure on factory activity some 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 broader 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 loaded? well, saudi arabia is why don't where can we solve that little boy, you know, mean slow down. and that is why, for us, precisely why they have been progressively incrementing production costs that we
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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. or 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 were announced yesterday. we'll follow them. crude exports and assign, not any. yeah. have been to me for to the restroom cruise. the you and barbara took effect at the end of last year. and over the last few months, russia has be one of the main discount, the oil that china media be purchasing,
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as well as rain in wales. they've benefited from that a lot. but the, the additional comes from russia will mean that side of it will have to try 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 i as well, we believe the satellite radio include genius 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 deteriorates further. it may not be the full one medium box to day tasks. 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.
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maybe a dollar 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 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. 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 trying is oral 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. a 1400 kilometer long pipeline is 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 lands and water, and people would have to be moved and resettled elsewhere. people like julia to 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. 11 minutes. yeah. let you know what the major problem we'd experience so far was a couple of days ago. there was a huge dust that originated from the construction site, and all of us were covered in that dust. 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. the government on the project putnam, 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
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are also ensuring that the livelihoods of the community to surrounding these operations improved alongside 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 tools. it takes the business in the northwest in germantown, to fill it back with orders flowing unlikely our company owner deep. my direct
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could double sales revenues by starting a 2nd production shift, but he con, or not novel skip cells. no, we don't have young workers from germany anymore. that's because at some point in the past the manufacturer is had less work and tired, fewer apprentices. i'd always be in the early, i understood happen. they have 43 people working in the factory. half of them are from abroad. production is fully automated, so work is need to know how to operate the machines feed. my direct is in contact with on the median. who could do that? he wants to. hi him. hello, did my i'm well, how are you? very good. i have already found you in a parcel going to in germany for 18 months deep. my dogs has been trying to bring rustic from armenia to germany, but 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
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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 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 find convinced personally a fox of the law helps it. 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 an credentials won't be enough feel for it is we
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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 trips 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's supply of the 2 mattel, facebook parents company mess, so it has a nice a new out to compete with twitter. it's called it's fred does expect it to be launched over the coming days. meanwhile, twitter owner a must have under the users after putting more features behind a subscription payroll. now if you liked your food spice, say this next to where you will be of interest over the past few months. the price
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of both acumen on 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 cons. timberlake carter him into spice sales on the rise. so the height of the sun is one of the people behind the trend is top cetera, is intended to be enjoyed. unpopular german bridge 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. a give its missions and 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 he 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 find it
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amazing, just one spice and it simply tastes good. just make time for his business is located in the old warehouse district of hamburg. dish by 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 up to then the price is, would be much more because of how so based on demand subsidized. if you cannot supply too much of it, you cannot have 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 come from farmers and developing countries with fairly paid. it's
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part of the concept of new companies that are currently shaking up the industry as the sustainability. so home, yeah, i seek supply us. what do exactly that who have 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 on this will be 2 or some square 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 do toby news, youtube channel, as well, from me on the entire business team here in berlin. it's by the,
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in good shape. excuse me. can you repeat that? x, that's what i'm hearing losses on the right. the main reason is excessive headphone use. the young people are especially at risk. how should we take care of our hearing? using q tips is not the solution in good shape. next, d, w. it's cold bread for your rooms, for every year. terrible fires rage across the continent. protecting these eco systems from the flames is more important than ever. we mean people from spain and germany who want to make a difference. they share their ideas and their great passion for the forms
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close out. in 60 minutes on d w, we've got some hot tips for your bucket list. magic corner check. hot spot. and some great culture on the board has to vote w travel off we go the, the. busy executive board, right id, yes you 100, right? because like hundreds, each of us besides a particular you for making phone calls for, for each stopping full. so did you know that the right is more receptive to music while the left ear is more receptive to speech? that's what a study of 3.
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