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tv   Business - News  Deutsche Welle  October 19, 2023 11:15pm-11:31pm CEST

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or air strikes across the gaza strip. one is half hip, the densely populated city of con eunice in the south region. israel had told people to relocate to a mosque linked media have reported several people killed or wounded as a for now. thank you so much for your company. the jackie is changing 6 years ago. he said he can't get any was to, but it does guardians of truth. this time, excel gen, this turned into our meet the voices of the 3 talking alter as the ad one had to flee into exile. i knew the police would search my house. courageous people are trying to stem the turkish governments all sort of tammy
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calls of some kids, but really it's a crime is addressed and the path of trying to take some sponsibility for his action. what about freedom of to print and freedom of expression? god uses trees starts october 28th on d, w. the further flow to china's aiming property sector as one of the biggest developers country garden inches towards a default. we'll take you inside the empty sky scrapers that once in body to the engine of chinese economic growth. also coming up on uncomfortable truths, why the you is buying more russian, ellen g than ever before. to this the state of the business on k,
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ferguson. the thanks for joining me. the crisis within china is property market is deepening as the country's largest private developer country garden inches towards a default. the real estate side missed a key interest repayment on wednesday. fueling fears about it's longer term ability to pay back from $17000000000.00 worth of international loans and potentially leading to a faith similar to advert crohn's, which filed for bankruptcy in new york earlier this year. china is property sector tends for a quarter of its total economic outpost, but slowing population growth drop in spending of a government clocked on on risky landing practices, have loaners the sector into crisis. the result, individual home owners fishing on property is declining in value. developers with more units, then they can sell it's a common site done, chinese sidewalks, these days, realtors, advertising apartments and self made signs. the problem no one wants to buy,
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like he's young, who an hours drive from badging. massive apartment buildings stand like concrete skeletons, 20 floors high. these apartments are supposed to be sold in 2020. some customers bought them as an investment, but only about 10 percent are currently used. the cranes are moving construction. debris is everywhere. buyers in china usually pay for their apartments before they're even built finance by mortgages. but now around 100000000 apartments. so standing unfinished, the end of a real estate public. that's up prices, rockets, sometimes double. now with the chinese economy in prices, the bubble has burst of the costs isn't of ending. our total sales have dropped to less than half of what we had seen in previous years in construction because all but these height is in stock in stock in hockey. the relisted sector accounts for
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a quarter off the chinese economy. no wonder business there is highly sensitive. we're on our way to find out more when the police stops us, we have to show our passports and answer the questions. that last were allowed to proceed to see some finished apartments, the owner so desperately trying to sell that before prices drop even further. real estate as an investment is no longer attractive. each 40 percent of all the apartments used to be bought as an investment today, it's only 20 percent. the rest, just for owners to live in confidence and the sector has evaporated as china is struggling with a weakening economy so much that the country is being seen as a risk for the global economy. all the ones that are in the steering germany to we will feel the effects of china and no longer importing like they used to fund out china doesn't need to fear an outright recession. and yet, the consequences of the real estate prices of the social fabric of china are hard
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to for see now to some of the other global business stories making news. the eu has launched a probe into social media giants mess on tick tock, stitching details on the measures they've taken to coma illegal contents of this information off of our mazda top on israel. the investigation is an application of the use new digital services law. similar pro is underway again, social media platform ex, formerly treasure to stay on topic building their entrepreneur at most cost, denied reports that he is considering pulling x from the u. that's after report and business inside are suggested. he was open to removing the platform from the block due to regular treat pressure regarding the spread of this information. netflix has increased subscription prices for customers in the us, written on from the added income will be a further funds to the company, which posts is better than expected growth. thanks to a crack. then on passport sharing on the study flow up new programming in the last
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quarter nokia is to come up to 14 size and jobs as part of planned to lower costs, following a plunge, and 3rd quarter earnings. to finish telecommunications company play and slowing demand for 5 g equipment and markets such as north america and europe. earlier this year and lucky is rival erickson and those plans to layoff $8500.00 employees. since the beginning of the war and ukraine, the european union has radically reduced is in 4th of coal, oil, and natural gas from russia. in fact, the block stays in the goal is to eliminate the old russian fossil fuel in ports by 2027. but there is one, a glaring exception to this trends liquefied natural gas or l n g, which the e u has been enforcing in record volumes from russia to don't use duct power act reports as an embarrassing sight to the
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e. u. the block is russia's biggest customer of liquefied natural gas buying over half of the country supply in the 1st 7 months of the year. that's with over 5000000000. yours potentially sustaining the kremlin small chest or rush rates means that your opinions and your num countries which basically are purchasing a russian gas. basically they are helping to finance of russia budget. and at the same moment, finance rushes, aggression, and, and, and, and war against you. great. island g is natural gas, which has been turned into a liquid form to be transported around the world in ships rather than dime pipelines. it's $600.00 times small. the in volume, most of the russian l. n g entering your events has ports in belgium, funds in spain. but it doesn't all stay in your at the cargo is moved from one she
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but either to another shape or to a storage side in the border. and then it is saying that these botched uh some whereas the either you or the or towards the asian markets or. ready or the middle east that it depends how much of the gas stays in your it so, and it's delivered to other e you, nation's pressure has mine to do on your a p and ports terminals to stop accepting russian l. n g impuls, flexi use, which runs the terminal in belgium. zebra good ports told dw, that based on a principle of open access is an essential service. meaning they can't legally deny any client access, even russian shipments who has already sanctioned invoice of russian oil and coal, greatly reducing the quantities coming in. i suppose we've spoken to say that in television, you decided to sanction gas. those impulse around likely to get done in brussels. the european commission says the one's ellen g purchases from russia to end besides
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the overall gases island g. i'm pipeline full time from 40 percent before the invasion to 15 percent. now, you know, some companies are tied into long term contracts, so moving towards them to, to bring those to a close as soon as possible and to not renew those. um, so yeah, i mean the political message from the commission is very clear, the sooner we can get rid of the russian at n g impulse, the better. but that will take a little bit of time. so the you have celebrated, the fact is managed to get gas storage to 90 percent with the winter coming. but the chunk of that has come from russia to talk more about this, i'm doing that by carol nacley assigned her and ceo of crystal energy, a consulting group. she's joining us from abu dhabi. how i want to understand dispatcher, how important is ellen? g for the you in general. and she has saved a huge it'd be, cries is not here because they use for this or they used to rely on lifeline gas,
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which is a very rigid infrastructure because it's con, next one supplier was a specific point that is the customer. but, and she just speaks the ability to boost that she's the producer and the cost to run that for 2 months. and the case of the use, the, when the crisis happened last year and rush, i caught up with supplies gas supplies to do that, you buy 5 more, we found it. and she said the day yes, process increased. but was that pro signal that was necessary to atrocities additional supplies and, and she, and towards the end of last year was still and she had curse, queuing at some quotes in europe to the liquid, 5 natural gas to the very important market. that is, that you, so i think was out and, and she would have seen the price is much higher last year in europe and because it would have lasted much longer. okay, so we know that l m g is really important to the right. now what russia is,
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it's 2nd largest supplier after the united states, given that the you does have a big and reliable supplier in america. why has it been buying more from russia? what the shuttle do used to be unimportant stuff going on. natural gas due to the e. u. of course, it's changed so dramatically between 20212022 bucks to what we know. $500.00 gas shrunk. and all this amount was able to compensate it was set the next best buy. and then she know, of course, you might say why we did buy a and she at the end of the case or to the needs of the local market. and the difference between images and my thought is that you can get it from different sources, but you have to dig into cost duration. what is available out there. it's not easy to open the top and close the top and establish some the ship and then she to a market. so most of energy that use to trade it today. it's usually constructed
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between the producer and the customer for many years to cause up to about 15 years or 20 years. there's a smaller proportion of energy that this trade without this number to the contract . so the cost spots and she and fuel may or didn't have, that's for energy at the u. s. as the main wants, but very few around the engine i shot is stepping is to take advantage of this flexibility. the n she is given to europe and the need for energy. and the you found that cov crystal energy there and you can watch a longer version of my conversation with her on the dw news, youtube channel or and finally, sports utility vehicles are s u, v. 's have a reputation for being mazda of golf golfers, but perhaps it doesn't have to be that way. take a look at this. students as idaho university in the netherlands have created an off road vehicle entirely powered by rooftop solar panels. the one size into columbus
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for a test drive across morocco was completed for the out. the vehicle happened to flows in one with a top speed of a 145 kilometers per hour. this stella tara, is the world 1st off road. so there via the reminder of the top business story, we're following for you this our china as largest private property developer country gardens entering towards the diesel real estate. so i missed a key interest repayment on wednesday evening. serious that it won't be able to service any of it's $17000000000.00 farms that rob. so if i show for more you can always check out dw, dot com slash business for on the dw easy tube channels as well from me on the entire business team. here in berlin, its by ads take the
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page just football. and yes, it's so much more. it's a symbol for living together in the muslims, christians and jews play together and the jewish football club to smoke coffee been in despite challenging circumstances. they want to go on playing their game against paint and find focus on your next on d, w to the point, strong opinions, clear position, and some of so this back to us is under the lot of pressure with fighting going on the main line drive of china is busy expanding, gets into and so to the point we are all on this frame. how many your contracts come to us? copeland to the point in 60 minutes
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on w. we've got some hot tips for your package. the zip code is spots affinities. check on some great cultural memorials to boot w travel. we got the, this is focus on europe. i'm liable. a welcome. the heretic, events in the middle east have the world on edge following a massive, unprecedented terror attacks in israel. really forces are heavily bombarding, have mass targets in the gaza strip. many residents there are trying to flee to the south. israel accuses how a mass of blocking civilian.

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