writes at last, and has to wait another year for a shot at 10. this is most pushes trophy. you're watching the w news business days is up. next i will see you tomorrow. the stopping climate change. that's what they're ringing for. several zones of the earth will become literally uninhabitable. today we're talking

about a few 1000000 refugees in the future, we're talking about the because it's no longer a question of whether we get out of cold oil and gas. but when to fund assume about commitment and hope about visions and the people behind the burden catastrophe. climate change starts july 13th on dw, 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 conference. we'll take it to one of the authors of that report. overcoming of high flyers who cons, get

a job. why one in 5 young people in china is i was before this is dw business on 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 hundreds of international companies have withdrawn from russia.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 authorized by the keys school of economics and the civil society umbrella. group b for ukraine. last year. foreign businesses operating their raked in over $14000000000.00 in profits. so good portion of that. some of the 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 onto palm tobacco

international 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 today on several chinese brands among the biggest money makers. that said, some of those companies have scales back or suspended operations in russia said. now earlier i spoke to eli nichols, he's the chief executive director of before 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 keeps going up economics, which is being trucking company divestment from russia's since the uptake of war and russia's invasion. they used companies own reports which were made in 2022 to the equivalent of rest of the company. house, and they showed the revenue generated by companies in russia. the prophets made

unimportant need the profit tax paid to the russian state. 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 unsanctioned services, they all continue to pay taxes to a state, which is fundraising international humanitarian. no, i'm just to patch racing human rights abuses on address scale right 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

companies do argue that good stuff providing are essential. but when you take a bit deeper into that, you find that large numbers in uh, contain sky, 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 now asking governance action for governments to step in on 655 for these companies, responded. so 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 fund this war. 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

this for? 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 being paid by companies. so in terms of the amounts that we've recorded, which is $3500000000.00 profit tax, that's because of the that's likely to be just the tip of the iceberg in terms of social corporate contributions to the wall. okay, so, so, so much needed on context. there, i also want to 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 the average, russian revenue only amounts for 22.4 percent of global revenues from the companies

remaining. so the average amount is actually bad, the inc, mental and is ultimately replaceable for those companies in terms of government responsibility to step in and felt those companies, i think that's a conversation between governments and companies for us to be able, 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 isn't risk. those 100 russian companies wouldn't have access to the sophisticated intellectual property of the companies who are continuing to remain. so that's one point. and then the other point, again, is coming back to this really basic fact that's by remaining in russia. these multinational corporations, the 2nd countries are hoping to sustain all of the questions. again, it's to train and undermining the governments foreign policies in sacrifice

assistance in that country. it's amazing to help support you train or or 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 rate fell slightly in june, but over 38 percent remains a major contributor to the country's cost of living crisis. the figure has come from turkey, states and physics agency, which some experts describe as questionable economists 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 parts use. the government is banking on a further rise though hoping to double that number,

bite 20 thursday. this to you as nuclear cheese has defended plans to release treated radioactive 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 advance. 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,

or perhaps because of high levels of educational attainment as the countries post pandemic 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. mine occurred names to achieve their goal of becoming a flight attendant. everything must be wrecked. i really would love 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

universities here with well educated students as well. so you nicole, so the costing last 3 days, $700.00 applicants, only 10 percent will get a job. the attention is a norms read by gene, get can sulu her dream. we will have more on that later. here at lama templeton badging. many students and pupils are praying in china. this is rather out of the ordinary because there's actually only one institution people are supposed to believe in the communist party chanel. another last year i applied for 60 jobs and was invited to 20 interviews this year. it's even worth $100.00 applications. it's 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

fairs in china capital, he just earned their master's degree in closing marketing and wants to work in that field. was studied in south korea. a 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 get us. 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 our immediate the load to take their new company

photo for hi, non airlines. for by g, the dream has been shadow today. she must continue her search like hundreds of thousands of other young people in china this year. now and the all shots are considering adding an artificial lake to your property. it would be a good idea to get all your ducks in a row 1st about something present in football, star name, or how to find out the hard way. he was find nearly $3500000.00 for breaching environmental rules during the construction of his coastal months and entice eastern for sale authorities se nameis look free project violated rules regarding the use and movement. fresh water sources, as well as rock and find ice beds. and that wraps up i show from where you can always check i d, w dot com slash business for on the dw easy to time as well from me. and the entire team here in berlin is the by and take the

by boat to the other side. of the sea proud is the successful tab business, the retaining who's valuable experience. they're all 108000000 displaced people worldwide. visa, some of the stories the climate friendly steel suite is already producing it. and saving 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 injury in 60 minutes on d w, these places in europe are smashing the record step into an old adventure. it's the treasure map for modern globetrotters. discover some of us record breaking site on your back to and now also in book form the even if it force me to turn it back a 1000 times, i'll keep trying that determines to events and often unwelcome, millions of people are desperate to start a new life abroad, what do they face on that journey the and how can they make a fresh stones.