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tv   Business - News  Deutsche Welle  April 16, 2022 3:15am-3:31am CEST

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screening authorities almost 2 weeks ago and with that you are up to date robots will be here with all the latest business news. thanks for watching dw, i'm told me a lot of myself on the team with people and trucks injured when trying to flee the city center. more and more refugees are being turned away. the border families played on the taxi syria for the credit on with people seen extreme dreams. getting 200 people from the agency around the world. more than
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300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, china is businesses all sounding the alarm lock downs and major cities like shanghai, a pushing companies and supply chains to breaking point will ask how long china can cling to. it's 0 cove, it policy and india is unwillingness decide against russia has irritated allies in the west will take a closer look at the developing trade relationship between daddy and moscow. this is data we have business on robots in berlin. welcome to the program. chinese
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businesses, a warning of the severe impact of shanghai is prolonged, locked down. car makers say they may have to hope production with their suppliers in the city. unable to produce pause, vast cities 25000000 residents have been kept mostly at home for weeks. now, as the chinese government maintains its circles, 0 covey approach to pandemic restrictions. shipping giants are also warning that the shanghai lockdown a snarled up. the world's busiest container port. let's get more on this from our resident china washer cliff occurred in clifford, thanks for joining us in the studio and just tell us what impact is there a covered policy is already having and is going to inevitably have on supply chain . we're going to have a major impact on what we're seeing now is that there's a lot of goods that are just stuck in china. they can't get out. i mean, if you want to get your goods to export them safe from the port, new shanghai, you can't get mad because you can't even get the drivers to come and bring your goods to the ports. so it's
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a huge logistical issue at the moment that they're facing. and some analysts are saying that it could cause the logistics now that would make them be even worse than last year and the year before. so it could be very serious indeed. wow. even worse than what we've experienced in vascular vehicles, the knock on effects of that have been extreme and the space all of this together, it could that have a potential impact on how much people want to trade with china and how they want to involve china in their supply chain. yeah, i think i think people are thinking anew about how they are sourcing products. i think as a combination of covered under, also the coven, 0 coven policy. and also the, the war and ukraine on the way china has kind of tacitly supported. that means that people are suddenly exposed to geopolitical risks that they, that they weren't a year ago. and i think people now are looking at even companies that have big, big interests in china like v w, which is still very much commission to china. and it's, it's building a lot of m e vehicle plants there and batteries, plants there. but it's also boosting it's spending in the u. s. for example. so i
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think the sort of knock on effect from these is quite serious. you know, we're seeing a spreading into, into other areas beyond china. what about the knock on effect for chinese economic growth? because sooner this is good to have some sort of impact on with this. you know, it never ending growth that will come so used to i think so too. i mean growth is slowing. i mean, we spoken many times about the property market, for example, in china, which is in trouble with ever grounds the, the fact that is so heavily indebted, but you also have the power prices have stalled for the last 2 months, which means that there's no relief coming from the property sector and you're talking about 87 of china's largest 100 cities are affected by the 0 over lockdown . so it has to have an impact. the areas that are under locked down for 40 percent of g d p. so as yes, the government is looking at 5 and a half percent growth this year. maybe they'll meet up because some areas are proving surprising the resilient. but at the same time,
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shops are closed in shanghai, you know, the only stuff that's being, that's getting out of stuff that's being delivered. and we see like air traffic is down 70 percent on, on a year ago. so there's a lot of these areas, the economy that have been very vital towards recovery in china that are suddenly again in trouble. i find interesting is we are hearing from chinese companies and we hear from hallway and we're hearing from comic is saying that you know, that this is eric of it is putting pressure on them is quite unusual to hear any organization within china speaking out like that is this sort of pressure going to be enough to change the policy? i think so, i mean there are some signs and we've had the government that is going to work with 666 companies to help them get through this. but it's basically where the political and economic are quite separate as you know, as always in china. and, but it could be that the pressure, if there's a threat to stability, they will have to intervene in some way. so we have to see now what, what they will do in terms of sticking to this 0 coven policy,
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or whether they allow economic interests to come 1st. ok if it can, and thanks for staying across a force. now india is recent purchases of russian gas have caused friction with the g 7 nations leading sanctions against moscow. delhi has thus far struck a defiant tone against warnings from the u. s. for example, but how sustainable is its position? india has maintained close relations with russia for decades. the asian countries, not just a key customer for russian consumer goods, but weapons are also high up on the list of imports, especially our craft tanks and frigates, 60 percent off in the us arms and ports come from russia. india hasn't sanctioned russia over the war and ukraine. quite the opposite. at the end of march, new delhi seized the opportunity to buy a russian oil edit deep discount. and as considering further orders to spite calls
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from the u. s. not to do so. if you're looking at energy purchases from russia, i would suggest that your attention should be focused on europe. i suspect, looking at the figures, probably our total purchases for the month would be less than what europe does in an afternoon. russian gas, coal, and cooking oil could also be exported to india. soon. foreign minister sag a lover of sought to strengthen trade chives. when he visited delhi at the beginning of april we will be ready to supply re oh goods. wish you knew was the word preferably paid, an indian rupees or russian roubles, lover of edits, to help break the dominance of the u. s. dollar. maintaining a partnership with russia while not alienating the west. it's going to be a difficult line to tread for india. well, let's get more on this from our correspondence in delhi sharika to k, he can explain why india is so keen to secure more russian fossil fuels. all
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prices have been going up significantly. there have been at least 13 odd price hikes so far. the prices offer of vehicle fuel have gone up and petrol and diesel as well as c n g. and these always tend to have a desk aiding effect on the economy because of the, because of the transportation cost that is involved in transporting goods from one part of the country to another. so often these lead and as they are leading right now to a rise in prices of other commodities as well and especially food. so that always becomes a pressure point for, for the government, because then eventually it. but when it, when it comes to sort of a boiling point and pressures, then protest, begin. so far. widespread protests have not been seen on the streets of the country so far, but then the opposition parties, they are riled and they've, and they have they,
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they've been organizing symbolic protests against the price. that's of course, a very tricky situation for the government to handle cherry car to k that. now let's take a look at some of the other global business stories making the news. the euro is near a 2 year low after the european central bank remained vague about when it will raise interest rates on thursday. the c b left. it's key rates and stimulus plans unchanged in the face record inflation as the war in ukraine. cast a pool over the euro zone economy. and u. s. officials say hackers back by north korea stole $615000000.00 worth of crypto currency from players of the online game. actually infinity last month uses can earn crypto currency through game play the f b. i says, a group called lazarus believed to be controlled by young young's intelligent service is behind the high now brazil's state oil firm has named it's new c, e. o joes, a mario co l u well lead petra brass becoming 3rd boss in just every year after his
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predecessors clashed with president boston aro, oil is strategically important to brazil on the one hand day wants to capitalize on the high price of crude. on the other, it also needs to secure supply. the price of petrol rose nearly 28 percent in the year to march. it's causing problems across south america, which is why countries like brazil or betting on a rapid rollout of new oil platforms and fracking facilities. just a few kilometers off brazil's coast. there are plenty of oil platforms in the atlantic ocean, semi state owned company, petro brass together with its international partners, is extracting oil from beneath the sea bed. it's an expensive operation, but the sharp rise of oil prices due to the war in ukraine has made this oil field economically viable once more. if you want me to provide you with brazil could export more oil in the short term. but of course,
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this is only possible if it doesn't lead to a shortage of gasoline or diesel in brazil itself. it's important to remember that internal demand has to be met. first pop up is the robbery. more to produce a deposit damage? further south in argentina, why the world's 2nd largest shale gas deposits production by fracking could theoretically be doubled to replace russian gas. but that's not possible at present because argentina isn't prepared for the volume. really, molly, i'm good at them in the jan tina's problem today is the lack of infrastructure to transport and export crude oil and gas. for example. and there are no pipelines to bring the gas from the fields in the provinces to the port akina engine. tina hasn't invested in the necessary infrastructure with the country can hardly step in to compensate for oil and gas from russia, at least for the time being. oh,
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not bought it made okay. but you know to produce a and bruce. yeah. in the long run. however, the extraction of shale gas 3 fracking will increase experts say, as new supply chains emerge, i might need a quote, would change the oil and gas industry is now increasingly looking to south america to replace its current imports from russia. the west supply chains i diversifying and may soon include dodge and tina, brazil, and venezuela. brazil has already announced plans to increase its production by 70 percent over the next 10 years. you're just have her mind or the top business story we're following for you. this, our chinese businesses all wanting on the severe impact of shanghai is prolonged, locked down. the cities 25000000 residents have been kept, mostly at home, the weeks as the chinese government maintains it's 0 coven approach to pandemic. restrictions. shipping companies are also wanting that the shanghai lockdown
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snarled up the will disease container. so from a in the business team here in berlin, if you won't pull from us to head over to our website's d, w dot com slash business, you can also find us on the v de leon, use youtube channel or on facebook, as well as d, w. dot until next time. ah see for chicken for egg golden chickens or stress down there been bread to produce maximum heels, war or fat he meet in record time. animal friendly farming looks different. breeders and scientists are searching for old and new method. next on p w,
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a. russia attack on ukraine. how did it come to this? a conflict that's been brewing? rejected, spiraling, political interests, grievances and violence. which a tipping point in our escalating further? war in europe? drama, the crane. in 45 minutes on d. w. o world, to get to go beyond the obvious a as we take on the world 8 our i do all this is we're all about the stories that matter to you.
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whatever it takes 5 policeman follow with we are your is actually on fire made for mines. ah ah ah, this is helen. a very strong minded chicken. she's curious and always on the move. and she's yearning for some human company tomorrow. sometimes it's like he doesn't even know. she suggested that i can, you know, store helena isn't just any chicken though. she is one of 26000000000 of her kind on our planet.

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