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tv   Business - News  Deutsche Welle  July 5, 2023 4:15pm-4:31pm CEST

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by israel and the janine residential or dw also it offers news on the go. just download that app from google site from the apple app store. i can give you access to the basics unusual around the world, as well as push notifications for any breaking news metric and finance, which international companies are still doing business in russia onto is better for to take focus of as best and more in the w prisoners in just a moment, i'll be back at the top of the the pricing strategies for thought see what the
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interest of the global economy, our portfolio g w business be. here's a closer look out the project. to analyze the flight for market dominance. with dw business beyond the doing business in a country that is waiting for a new study revealed which international companies are still operating in russia on how much they are contributing to kremlin coffers. we'll take it to one of the authors of that report. also coming up high flyers who come to get
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a job. why one and 5 young people in china is i was before this is dw business. i'm kate ferguson. the thanks for joining me since the beginning of the war and ukraine. hundreds of international companies have withdrawn from russia, a substantial number remain, however, and according to a new study co authors by the keys, school of economics and the civil society umbrella group before it ukraine. last year, foreign businesses operating their raked and over $14000000000.00 in profits. so good portion of that, some 3 and a half 1000000000 went into moscow's conference. i've taxes. now, american firms accounted for over $700000000.00 of taxes paid with german swiss and japanese companies coming in behind. the most lucrative factors included alcohol and tobacco with companies like field maurice on palm tobacco international
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among the top partners. consumer goods represented by like the proctor and gamble on pepsi also did well, i did also in the deals with type 3 of how you doing died on several chinese brands among the biggest money makers. that said, some of those companies have scales back or suspended operations in russia since now, earlier i spoke to eli nicholas, he's the chief executive director of b for ukraine, which co authors that report. she's just back from brussels, where she was presenting the study to european regulators. i'd be gone by asking her what sources the research was based on. so for the she said too much with the kids school of economics, which has been checking company divestment from russia since the uptake awful and rushes invasion. they used companies own reports which were made in 2022 to the equivalent to the rest of the company. house, and they showed the revenue generated by companies in russia and profits made and
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impersonate the profit tax paid to the russian state are. all right, but the companies named in this report would argue that they are not violating international functions on, in many cases are providing goods and services that have been classified as essential. what is your response to that? so when it's true that many of these companies, for in, on such and such as they are continuing to pay taxes to a state which is finalizing international humanitarian. no, i'm just to patch racing human rights to pieces on the dress scale. we're now at 95000 recruited work signs in ukraine, and these companies have obligations on the international human rights floor to check that they are doing no com, through their presence in russia. and if they are doing harm to mitigate against, that's in terms of essential ality would listen to what a $120.00 of these companies to us and to engage and meet with us. many of these
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companies do argue that the good sex providing are essential. but when you take a bit deeper into that, you find that large numbers and continue describing things like ice cream or cookies, or off the shape or shampoo, which we believe is stretching the destination of essentially ality too far. um and when we speak to them about it, they don't say it's in the same light, which is why we're now asking governance action for governments to step in. and to clarify these companies, the standards for business conduct, which is really expected of them in the context of continuing to of rates in russia and to redefine, will cease and is not an essential product. all right, i want to take a closer look at the numbers themselves. according to some estimates, russia is spending up to a $1000000000.00 a day to funds this for that's more than u. s. companies paid in taxes for all of last year, given not context. how much power do foreign businesses actually have to the funds
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this for? or is it so i think we'll just make it the texas, that we have access to our topics tax in russia. that's only one of the many different kinds of taxes. that's what being paid by companies. so in terms of the amounts that we use, the court date, which is $3500000000.00 corporate tax, that's because of the that's likely to be just the tip of the iceberg in terms of total corporate contributions to the wall. okay, so so, so much needed contacts there. i also once talk to you about the companies that may want to leave russia, but say they can't afford to do you think governments have responsibility to step in in that case? so the research also shows that on average, russian revenue only amounts for 22.4 percent of global revenues from the companies
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remaining. so the average amount is actually bad, the income, mental, and is ultimately replaceable for those companies. in terms of government responsibility to step payne, i'm from top those companies. i think that's a conversation between governments and companies to us. the real imperative is for these companies to take immediate steps to exit and still continue more. but even if more companies do leave, well, they simply be replaced by others, even homegrown russian ones. yeah, i mean, this is a risk. those henry and russian companies won't have access to the sophisticated intellectual property of the companies who are continuing to the main. so that's one point. and then the other point, again, is coming back to this really basic facts that's by remaining in russia. these multinational corporations g 2nd countries are hoping to sustain all of the questions. again, it's to train and undermining the government's foreign policies and suffice
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assistance in that country. it's amazing to help support you train all rice lots to think about their ally nickel. thank you. so much thank you so much for having me now to some of the other trouble business stories making news. turkeys inflation rates fell slightly in june, but over 38 percent remains a major contributor to the countries the cost of living crisis. the figure has come from turkey states and $106.00 agency, which some ex for us described as questionable economist, have one that prices could start to rise. foster again in july here in germany, organic farming is on the rise. according to the licensed industry figures, some 11 percent of total farm land or almost $37.00 sizes and farms are now devoted to organic produce. the government is banking on a further rise though, hoping to double that number by 20 thursday. see you as nuclear cheese
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has defended plans to release theresa radio, active water from the former fukushima nuclear plant into palm saying it will have a negligible impact on the environment. the release of the washer is a major milestone in the process of decommissioning. the plant which was destroyed in its nami, in 2011 japan airlines has launched a year long experiment designed to encourage passengers to travel out for lice. under the scheme, travelers will be able to rent clothing on arrival, specifying their preferred style in a design. j a l says the experiment is designed to encourage more sustainable tourism by reducing the waste of air cargo. now and in china use unemployment is of a record high one in 5 young people under 25. don't have a job. this to spice,
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or perhaps because of high levels of educational attainment. as the countries postponed that make recovery progress is sluggish. lead generation these foreign unemployment rates may reflect harder times to come. the ideal candidate, perfect poster, a smiling blankly. no blemish monitored names. george shaved the goal of becoming a flight attendant. everything must be right. i really want it off to become a steward this. it allows me to travel to all kinds of places. i get to dress nicely every day. i love that so much. since travel restrictions have been lifted high and on airlines is higher and again, it's being overwhelmed with inquiries with emissions. we received 40000 to applications. we chose one is the location because there are many payments
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universities here with well educated students as well. so you can look on so the costing last 3 days, $700.00 applicants only 10 percent to get it dropped. the tension is a norms rated by gene. you can certainly hard 3 and we will have more on that later . here at lama temple than badging menu students and pupils are praying in china. this is ryder out of the ordinary because there is actually only one institution people are supposed to believe in the communist party, jeanette another. last year i applied for 60 jobs and was invited to 20 interviews this year. it's even worth $100.00 application since only 10 invitations. the crisis hits young people, particularly hot of one and 525 is currently unemployed. and those are just do official figures. a record time won't pins. his hopes on one of the few job
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fairs in china capital. he just earned a master's degree in closing marketing and wants to work in that field. was studied in south korea. as study abroad was once considered the golden ticket for the chinese jump marked, but not long as wondering if he would have been better off staying. i broke the job market, there is okay. several students who graduated with me have already found a job back to the flight attendant costing by aging. he has made it to the final draft. once again, she and the other candidates must prove themselves before the jury. i hope so much that i get this job hopefully yet because i will get my very best as to our distance of about 70 lucky one. so managed to snag a jump as a flight attendant to move on and out. immediate the load to take their new company
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photo for high non airlines, for bites, engaged the dream has been shutter today. she must continue her search like hundreds of thousands of other young people in china this year. now and the all trust you are considering adding on ours, if there's a link to your property, it would be a good idea to get all your ducks in a row 1st. that's something present in football. so our name or how to find that the hard way. he was find nearly $3500000.00 for breaching environmental rules during the construction of his coastal monster. and inside of the eastern brazil authorities say name, i was look for the project violated rules regarding the use and movement. fresh water sources as well as rock and find ice beds that um, that pops up i show from where you can always check. i dw dot com slash business for on the dw easy to time, as well from me on the entire team here in berlin. if bye, take care the
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line with friendly steve is already producing it and saving the way to a new era for the entire industry created using hydrogen technology, sweetness, theo is carbon neutral. it's also faster and cheaper to make injury on dw, the you'll see about the video that goes to the median legal law. go, i've got to be done by to get, i will stop into that and i'll give you
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a go on and you are you able to order that up? joe, media, doctor coverage. the more people than ever on the move world wide in such a base are nice to jump be able to use minute they can t method the only like godaddy already a p megs of appears in the original does our pearson minutes useful or them was moved 3 gets expose, go to lunch, when you find out about all the story info, migraines, reliable news to migrate wherever they may be, the it provides strength and phones, the framework of society quite literally steal.