tv Business - News Deutsche Welle October 8, 2018 3:15pm-3:31pm CEST
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going to wake himself up heading into the bright. the morning continued in the second half solve it so with his second. and then of putting the us on the cake to make it six still. it was lot six biggest ever win in the bundesliga. full color nuremberg it was yet another harsh footballing lesson. here watching d w i'm sorry kelly thank you. like i. am and with debbie any time any place.
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video never. had the back of those. songs to sing along to download she has to come from super. to. have various courses of interactive exercises writing about d.w. don't come stash dogs land on facebook in the app store. and jam in for free w. . rewarding research about climate change the bell economics prize goes to true scientists from the us explain the interaction between the economy technological innovation and global warming. and brazil's presidential election is heading for a runoff what song voters' minds pretty much all. three aspects of the economy.
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been physical and that's their business this is nobel prize for economics has been awarded to two researches for their work on climate change and innovation the royal swedish academy of sciences said u.s. economists william nordhaus and paul romer received the award for their work integrating innovation and global warming with economic growth along with the prize the two researches will receive a million u.s. dollars economic surprise is not really a nobel prize it was created by the swedish central bank in one thousand nine hundred sixty nine in memory of alfred nobel a bank. i've overcome on from the business joins us to tell us more about these two guys again the other two men who've won the oil exactly tell us a bit more about these mit so william nordhaus of yale university he's called the father of climate change economics he's been doing this kind of research since the
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seventy's he's a true pioneer in that field and then we have full roam of new york university he's more looking into innovation technological change and how this drives growth they've both been rumored to actually win the nobel prize for a couple of years now and i finally have and i guess it's interesting that he's been working on this topic for such a long time because it gives him a really good insight into how things are changing but tell us more about what they've specifically been rewarded for so nordhaus is essentially asking how can we grow the economy without destroying our planet you know this is a big question he's set up a model in which he sees an investigates the connections that the economy and the climate have and in that with this model you can predict how policies like a carbon tax that has been discussed for many years now what effect that would actually have a global warming. on the other side as i said before he's talking about. technology
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and how this affects growth he says ideas are very central to keeping growth alive but only in certain circumstances it is that ideas can actually you know come to life so what circumstances are these that's his research of ok so in other words it's not always a good idea may not always be good or good for the environment at least now i find it very interesting that this announcement comes on the very day that climate activists saying we've really got to do something now to save our planet is the timing a coincidence i mean absolutely the report that came out underlines once again that is one of the biggest challenges that we're facing and i think this prize just shows the economy is such a big contributor to climate change to global warming so it actually just makes sense to look for solutions there and the committee has awarded these these two economists who are looking for answers on exactly these big questions so the timing
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is just right thank you very much for coming in today this year's winners of the noble economics prize as you heard there william nordhaus and pull roma thank you very much obama research a school for on princeton and it changes to fight global warming the international energy agency is issued its annual report it says even though the share of green energy is growing around the world by twenty four he renewals will account for only eighteen percent of the energy use well short of the agency's sustainability target . renewables will be the fastest growing part of the global elec tricity sector the report says they'll provide almost a third of power demand in twenty twenty three up from about a quarter in twenty seventeen renewables currently make up more than thirty percent of germany's energy makes us almost forty percent of the country's energy needs are still met by burning coal and thirteen percent comes from atomic power stations
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compared to about a third from a nubile energy like wind and solar power. and other sources top up the rest of the energy mix. for less renewables are forecast to account for more than seventy percent of growth in ploughboy elektra's city generation according to the international energy agency's report. solar photo voltaic technology followed by wind hydro power on bio energy are expected to lead the field in terms of growth but hydroelectric power remains the largest renewable source missing sixteen percent of global alec tricity demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won't be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new builds quickly enough are transport and he saying vote for home fund industry .
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has surprised. down is. told to. seek. time to head frankfurt now correct bruisin is out of frankfurt stock exchange for us and two of the big topics this week both but saying two i.p.o.'s what's happening. yes spend two i.p.o.'s are scheduled this week here in frankfurt two very different companies from very different sectors tomorrow west wing will have its listing and internet shop selling furniture and other trendy stuff via the internet all over europe and on friday very big relatively big i.p.o. will happen here in frankfurt cannot makes breaks for lorries and also for railway
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trains the i.p.o. could be valued or the company market valuation of the company might be up to fourteen billion euros and this would mean that this i.p.o. of might be bigger than the one which up until now has been the largest one here in germany so far siemens healthy there just briefly good timing for these guys i mean there's a sell off at the moment which continues. that's true but if anything this encourages companies to make their i.p.o.'s now you know with interest rates rising in the u.s. there is the idea on the markets that we are ending the end of a cycle and that this is the time for a company to go public if you want to do it conrad who is in at the frankfurt stock exchange things. the presidential race in brazil is headed for a deeply polarizing runoff between a far right and
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a leftist candidate and brazilians of fighting an uphill battle of their own economy has gone through years of shrinking g.d.p. growth including a heavy were sation only last year the country clawed its way back into growth territory at the same time many problems remain unresolved corruption unemployment and rampant inequality. stock exchange in rio de janeiro but when he suddenly lost his job he needed a new source of income now he works as an driver to feed his family and keep his. children in school. i think that becoming unemployed is a very bad moment from where. i was about to get retired and i felt very scared. so many jobless brazilians the office a solution there are over half
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a million drivers here brazil is the company's second largest market the olympic games and the world cup took place off the back of a financial boom but it quickly abt away leaving hundreds of thousands of people turning to the informal sector. extreme poverty increased eleven percent last year in brazil leaving more than fifteen million people living with less than two dollars a day and even though the workers' party administrations invested a lot in social programs the once a growing middle class has started to reduce again. some analysts say the increasing dependency on the state leaves the government unable to do much more than just cover running costs. to do the. homework we didn't do. you know life expectancy grew with. security before. with. so
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we had. between. brazil's next president will face rising debt and the budget deficit of around seven percent of the country's gross domestic product the new administration will have to take quick measures to control spending if it wants to avoid falling into a new slump. representatives of swiss banking giant u.b.s. face a paris court today on charges the bank orchestrated a huge tax fraud scheme it's accused of enabling wealthy french clients to. proceeds from tax for the took place between two thousand and four and twenty twelve the trial comes after a six year probe going strong for former employee alerted authorities to the bank's alleged criminal activities if found guilty u.b.s. could face billions of dollars in fines. and argentina space agency has sent an observational satellite into orbit it was carried on a rocket made by space x.
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a private company owned by embattled u.s. business been a long musk is the moment it took off to. the old the satellite will be used to monitor natural disasters and soil moisture he's heard about and seen as it to from states agricultural sector which is key to the economy. that's doing business with it.
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of. the job forces are under pressure they're battling recruiting problems outdated and broken down equipment and limited budgets. all the challenges a huge this in missouri not enough planes not enough transport helicopters were not enough tanks have ten divisions that don't have tanks on. innovation and modernization must serve them in a trade. so outsourcing and tribe it is asian are the order of the day in all areas but that compose dangers. to sleezy who is finished we won the risk of becoming too
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dependent on private contractors who may not provide the services they promised optimists liason every time that i was on the private sector businesses make more money with everything from reconnaissance drones to laundry facilities firms article training the foreign forces in france france germany. the jury industrial complex starts october twentieth on d w. five. oh and welcome to drive in the d.w. motor magazine coming up a silver jubilee twenty five years for the goodwood festival of speed. seance new to rocco enters the arena. and a new engine powered.
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