dave to stay tuned. w. business news is next with christoph cobra. and don't forget, we have even more news for you on our website. that's the w. com. and of course you can also follow some social media or handle is acting up the news. narrative brewing. thank you very much for joining us. the people in trucks in judge west trying to free the city center and the straight screen, the

around the world. more than 130000000 people us we of mine because no one should have to make up your own mind. dw, may 4 mines the, the fossil fuels need to be part of climate negotiations. they had of comp $0.28. so which steps can be you in time of summit into, by actually agree on to limit global warming will have expert analysis. also coming up will tell you why the and solve a c of austrian property and retail zion cigna has banks, employees and local governments. on edge and will go to bangladesh or workers of

the country is most important. export sector, the textile industry are demanding a higher minimum. of course cobra, welcome to the program. cup. 28 you in time, and summit is on our way into by. and it has started with controversial boards from the defense host in his opening remarks felt enough that alter bear said that fossil fuels must be part of any deal at the crucial negotiations. automotive war, 2 weeks long talks come at a pivotal moment for the mission. so rise where leaders have an urge to move quicker to a clean energy future for the world off track to keep things global. temperatures rises low levels. but this here is called president shows a different tone to kick off events taking list. i know there are some views about the idea of being through the language on fossil fuels and in your boost. and then he watches the sex. we collectively have the power to know something

unprecedented. in fact, we have no choice but to go the very unconventional way i ask you own to work together for more or less bringing claudia camper and she has an energy expert at the german institute freakonomics research. welcome back to the program. claudia. the head of the cop meeting says that the role of fossil fuels must be included in a deal at these un climate parks. what do you make of that? well i, this goes in the completely opposite direction that we should have. i mean, what we need is a fossil fuel face out as soon as possible in order to reach 1.5 for statuses. so global warming at target, which show we a met and this is not happening with this kind of statements,

obviously that interest conflicts. so it was a comp president and the fossil fuel industry. and that's not happening at the climate conference. i hope that the countries will agree on an increase of you, you will energy, but the fossil fuel face salt would be the right direction. i suppose the saying this climate, somebody needs to set up specific guidelines as a, as to the direction the global climate protection needs to be going and the coming decade. what specifically are these guidelines? yeah. what we really need now is a guidelines that we on the one hand increase, for example, the sheriff renewable energy to mall for energy saving. and also step by step face out fossil fuels. and these kind of guidelines i need it. i mean, we need the national commitments in order to phase out fossil fu subsidies, for example, golden way way towards small renewables and to provide the right policy measures

for this. and all this needs to have happened. and on the other hand, we see on the global scale that a lot of countries, a suffering from climate change, they need financial aid, and this will be discussed at the complements as well. it's now the u. k. government recently allowed for the 1st coal mine in the country to be opened up in the last 30 years. we see germany moving away from russian natural gas to liquefied natural gas from different suppliers. what do you make of the argument that some governments on more invested in fossil fuels that they should be in order to keep costs slow and to be able to power the transition to an affordable greener economy? yeah, that's really a pity. i mean, uh those step backs are really problematic. the cost we are right now in the year 20. so to 2020 is we and we should do everything we can do not to invest into fossa energy, any more, not in coal mines,

and not in the liquefied natural gas instead and renewable energy and energy efficiency. otherwise, we will never reach as a climate, a goal that we initiated and the parents agreement we all are committed to. and this is the completely wrong way, is that germany also u. k. by the many, many other countries in the world. we have other options on the table which are cheaper, and these are really renewable energy if we would invest into it. the whole cost system would decline and we both have a lot of economic benefit out of it. and this is completely not understandable by those congress deciding on it claudia, comfort of the german institute for economic research there. and you can watch our entire conversation on the dw, and use youtube channel, thought to some of the other global business stories, making news, to the economy of the years. on the 2nd largest economy,

france contract is slightly in the 3rd quarter. to be pros take down 0 point one percent from july to september. according to some data, fresh authorities say the trend was due to slowing investments and for the next year as own inflation is to to a lower than expected 2.4 percent in november on the year consumer inflation rose at a smaller basis price pressure eased across nearly every sector, the latest data is closer to the european central banks, target inflation rate of 2 percent and raises hopes interest rates may have to china's manufacturing activity contracted for a 2nd straight months in november and at a quicker pace. while non manufacturing activity had yet another low for the year, the suggestive was the 2nd for this economy made me more expensive stimulus for sure, of economic multi 1000000000 europe property and retail jain cigna finally declared and solved and see this week after desperate attempts to secure

a fresh funding failed, making it the biggest casualty so far of europe's property, downturn owned by austrian tycoon that any bank goals signals portfolio spend jeremy's best known department store. berlin's cottage aid to the country's top high street chain galleria and the futuristic power skyscraper. project of this super your belonging to businessman renee vanco has just come on the market for nearly 40000000 bureaus. the empire of the self made billionaire from austria has been crumbling for some time. rising interest rates and folding property valuations have now led to the bankruptcy of bank coast. cigna holding company construction on handbooks, l patella has come to a halt. another cigna project, the 950000000 euro skyscraper was designed as a prestige project for the city,

but build a cigna can no longer pay its bills. using titles, i think the rise of cigna began around the year 2000. at that time, vanco acquired numerous properties and desirable locations at 1st in austria, and then internationally. since 2019, the company has owned the i clinics, chrysler building in new york, cigna. it has also been active and retail since 2013 when bank co took over germany's trouble department store chain costs. that until recently, the group had steaks and retailers in switzerland and the u. k. well, bank who is considered media shy if you maintain strong contact and also for you and politics and politicians that now down playing the effects of the companies bankruptcy. these degree had said it's important that the financial

institutions remain stable, beautiful, that it's done. uh then it will become interesting for austria as a destination for investment, but it looks low balance for now. and that's the most important thing in this situation. also, this is gabby and jesse to tell me, it's my, the beast extent. the insolvency administrators now have a hockey leon task to scrutinize the complex corporate network of renee benco to bangladesh and workers. and the country's most important expert sector in the textile industry are demanding a higher minimum wage. they've demonstrated in the streets tax factories, faults with police and bern vehicles to press home their demands. at least 3 workers have been killed in classes with security forces. the 40s have announced 856 percent increase in the minimum wage, but the worker say that's not enough to w's night undermined reports and re

government workers have been protesting on the streets of talk of fond let these for the last couple of weeks, they are fighting for higher wages and fee let's down by politicians. so what i mean that we've come to the streets so that the government solves the crisis and helps us survive the sleep. i took part in the protests because she's worried about the nutrition and education of her children. a she's gone, matched the living costs with her income, the, the price of everything has risen and we can't manage the house. trend has been increased with suffering. that's why we are demanding a minimum monthly wage of $22000.00. think us that's $210.00 us dollars. more than 4000000 people, mostly women, work in bangladesh is ready made comment industry. the countries main export sector . the minimum monthly beach comment was on is the lowest in the world because of inflation and skyrocketing costs. so if everybody, goods was

a struggling to make ends meet the villages barely cover living expenses for half a month, bundle dish has gone and factories generate near the 85 percent of the country's exports, amounting to 50 $5000000000.00 annually. but fact you own us say they can't do more a i'm resident cove is 19 the one ukraine and now and gaza. these 3 fact joseph pushed the whole worlds into a recession. we see sales down. so all of us here are low to. so we formed a wage board and fixed the minimum monthly wage and about $115.00. a salary increase of 56 percent is no joke. in this conflict, the workers don't receive any support from the government. the fema does not understand what the state is taking action against what goes like a says she believes or demands justified the best and they were only demanding better wages for not committing any crimes. we're not saving

a rubbing. so why did they torture us? unrest in the government industry means unrest in the countries overall economy. it's unclear how the conflict with and especially for the workers is just a reminder of our top business story for you. the call to engage you in time is some of the started into by were leaders holding crucial negotiations and global warming drawer from hurts from the events host, to salton and alger bear. he said that fossil fuels must be part of any deal at the summit to be talks committed, pivotal moment with emissions still price that social thanks for watching. having success the

europe largest house made by a 3 d printer. it's being assembled in the southern german city of heidelberg and approach to building that promises to be economical. climate friendly and quick leading only 3 workers on site for 3 d printers. the builders of the future made in germany on d. w. henry kissinger made history for decades. he defined us foreign policy boss, the controversial genius always kept his cards close to his chair in an usual conversation about power and morals. back on the life of henry kissinger in 45 minutes on

d. w. those to know understand can have a site like to buy, just present dw used on instagram, to follow up the picture building your dream home. now picture that home coming out of a giant printer. sounds odd, but it makes sense. 3 d printed houses are faster, cheaper, and more climate friendly to build. what that looks like exactly as one of the stories we will be exploring. and here is what else will be asking on the 6th

edition.