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tv   Business - News  Deutsche Welle  January 7, 2022 10:15pm-10:30pm CET

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the city of your contravene boards in russia is being transformed into a winter wonderland, thanks to its annual ice sculpture festival. or the 20 teams from oliver russia took part. the sculptures traditionally feature religious themes, such as the nativity of christ, to mark the celebration of the russian orthodox christmas. first prize. this year goes to this entree, which is entitled heavenly schaeffer with ad my heavenly colleague, janelle, to next week of business, new stick around. she will be right back with we got some hot tips for your bucket list. romantic corners, chat hot spot for food,
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chair and some great cultural memorials to mood. d, w, travel off we go. t w's, crime fighters are back up africa's most successful radio drama series continues this season. the stories focus on hate speech, color of prevention and sustainable charcoal production. all episodes are available online. and of course you can share and discuss on d, w, africa's facebook page and other social media platforms. crime fighters, tune in now. ah, ah, the world calls for calm and catholics that dozens of people have died during unrest that began with protests over a fuel price hike. we look at the economic disparities that have triggered this
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moment. and we take you to the north sea where one island is hoping to harness the swirling winds to produce green hydrogen. this is the w business. i'm janelle dom allow unwelcome, a deepening crisis in kazakhstan, as protests continue the united nations, the u. s. and the, you have all called for a peaceful resolution by ears of economic grievance have paved the way toward the unrest we're seeing today. ah, all my t is the business hub of kazakhstan, but lately, it's been more like a battle scene. the protest started when fuel prices increased sharply. demonstrators are angry because despite cause ex don's economic success, average people don't feel the wealth trickling down cause it's done has taken advantage of its assets since the collapse of the soviet union. it stands at the
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crossroads of trade routes between china, russia, and europe. the 9th largest country in the world also has massive reserves of natural resources. the blessings are plenty for the central asian country. it's estimated that cause it's done has one of the world's largest oil reserves. it's the leading uranium producer, and there's huge demand from the tech sector for caustics. don's rare earths kazakstan is the 2nd largest hub for another form of mining crypto currencies. but that's being disrupted by the government shut down of the internet. that's not the only disturbance. turkish airline has stopped of flights to the country until at least sunday, citing the ongoing unrest. earlier i spoke to bon saga researcher at the center for security studies focusing on eurasia. he explained how the protests were triggered
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by the price hike in liquified petroleum gas. the government have reduced subsidy price above, but such subsidies are an important factor for people who do not have access to posts and richest in the country. and not only that price is right sharply. people also suspected that corruption was a reason for it. and that the government communicated a change, corny and this all happens despite the rich heart of hydrocarbon reserves because of some had, all alone makes up around half of the exports itself is a middle income country at around $10000.00 of g d, p per capita, that is similar to russia, but inequality is very high. that feeds into these protests, we're talking about equality between cities and the countryside, between region and quality in terms of jobs, infrastructure, income,
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and so on. so there's a lot of years, but i wanted to ask you about what kind of economic change to the protesters want to see. i'm probably the protest lack leadership and may be both motivated by different grievances and different places of this huge country. so it's hard to identify a clear demand. obviously arise in living standards and more quality parts of it. everyday life or maybe cover sunny is harsh. exactly. by the pandemic. minimum wage is low, for example, an economy is not diversified, innovation is not fostered, modernize. so this reliable resource rent remains very high. this wealth is captured by a very small ally. so it can only demands a tied to the fax with a political leadership talk. the slogans are old man gets ounce. this echoes
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earlier protests in previous years as well. the countries rolled in also retiring fashion and this foster as a self serving political making, making, leaks, and corruption. and there's an entire lack of hope for things to change. and this was the context in which a spark, like a spike in gas prices ignited the side. so, well, some people, economic demands are specific. many are asking for much wider political change as well as arg. he's a senior researcher at the center for security studies focusing on eurasia. thank you very much. the us economy added $199000.00 jobs last month, far below economists expectations. despite the slow jobs growth, unemployment decline to 3.9 percent just above its free pandemic level. businesses are still struggling to fill vacant positions, while the labor force partition participation rate remain steady and they were
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limiting it. he owns court that joins us now. yann's, earlier in the week, we talked about how private hiring search in november and today's report is more confirmation of a tight labor market. but these figures also show faster wage growth. will that be a sustain trend? do you think? well, in general, i would say the yes and we have those inflationary tendencies. and that's why we heard from the federal reserve for this week and multiple occasions that we might see the 1st interest rate increases probably as early as march. and then also the fed belief that they might start selling a bond. and that actually put some pressure of interest rate and monetary sensitive wanting to monetary policy sensitive stocks. technology companies especially got hit pretty hard this week for the week. the not accomplished to stand by a good 4 percent, but clearly a wage grows. those 4.27 percent that was higher than expected. and we did see this
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a trend coming for quite a while. and i would say that when it comes to the us labor market, when it comes to a wage growth, that's the trend that's going to stay for a while. there is a shortage of labor and when there is a shortage of anything, usually a practice co op, and in this case, the same is true for the us labor market. and the court had talking about supply and demand. thank you for your, for all your analysis this week. if you're a big music fan, you might have noticed this trend, record labels and music investment funds have been buying up the back catalogs from artists for up to hundreds of millions of dollars. big name artists like david bowie. he would have been 75 this week pop legend, david bowie. he died in 2016, but his popularity keeps growing. the companies that market his music know that
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both his ears have now sold the rights to his music catalog. publish a warrant, a chapel has bought the rights to bowie's more than 20 studio albums for $250000000.00. and it's a growing trend us rocca, bruce springsteen, signed to deal with sony late last year. selling the rights to his music for a whopping $500000000.00. tina turner also sold the rights to her music catalog to label b, m. g, a subsidiary of bertelsmann for an undisclosed sum. back in 2020 bob dylan cashed in his music rights. walking out the door with $300000000.00 from universal music. wanna go, saunders place, take bruce springsteen, for example. the 75 year old has sold a 150000000 records in his career and performed countless concerts. but in the age of streaming services, musicians have seen their royalties shrink. and with the pandemic,
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they've lost an important source of income live shows. so now is perhaps a good time for aging, performing artists to sell their rights. and now to high hopes for green hydrogen, hydrogen can be burned without harming the environment, but it is only classified as green if it's produced using renewable energy. the race is on to find a viable ways to do that. and leaders on the german island of helga land, out in the windy north sea think they may hold the key hila go lens mia yog, singer has a vision, a pretty big 1. $1000000.00 tons of green hydrogen out to be produced off the coast of his small island. he calls the project aqua vent us. the idea, 800 wind turbines provide energy for water. electrolysis directly on the platform, the hydrogen produced flows through pipelines to the island. and the mainland for the required industrial facilities. eleger lance port is being in lodge with
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landfill. the gorse in the large steel and chemical industry urgently needs this hydrogen and as quickly as possible, the demand is huge and we've calculated that every 5th car could run on hydrogen just from the equivalent us project. this can really make a difference, but the hunger for electricity and energy is so great that equivalent us is actually only one component in the entire german national hydrogen strategy i think is wind power is a good thing, says hello land bird researcher, your can just get but he's concerned 5 species of birds like these d mo, breed exclusively on hillock or land, which is also a staging post for thousands of migratory birds. new in turbines should not be in the migration routes, breeding or feeding areas. he says that's not been taken into account, wendy, prove that birds fly into them then over the long term this can have dr. consequences to such an extent that entire bird populations are affected with regards to migration any
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d 2 has cost significantly more energy and we know that some species build up their fat reserves for the breeding season. if they need to fly different route that it's possible that some would no longer even start reading from the boot. not only in the sea, but also on the island, a lot would change. this hotel is already fully rented to maintenance workers in the wind power industry. they commute to the offshore parks every day and ships and helicopters, some people from helical, and fear that even more of them could drive away tourists nearby. so i'm concerned that in the future, tourists will arrive in an industrial park and it will just not be a nice reception for them. and thankfully to listeners then yeah, we continued to build in additional open spaces on hillock or land, especially with unsightly industrial facilities. i have concerns that helga lands reputation as a natural island will be damaged and so far named, shewn vio, flimsy to us. it would be nice if that could be done and the tourists, i can't imagine that this will put them off. but seeing his vision is still being
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researched, how, for example, hydrogen can best be processed and transported, everything should be settled in 2023. then the fate of helical ends, hydrogen revolution will be decided. and finally, b m w has unveiled the world's 1st color changing car, a model on so could only change between grey and white, but b, m w says in the future, a wider color spectrum will be possible. or just not sure if it'll make finding your car in a parking lot easier or harder. thanks for watching. ah . the show back cycles. the issue is shaping the continent. deed of the news, africa with where gone men. what's making the
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headlights and what's behind with the way on the streets, to give you enough reports on the insights all the trends that my talk to you next on d, w. eco, india. how can a country's economy grow in harmony with its people and the environment when there are doers? who look at the bigger picture? india, a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india. eco, india, in 60 minutes on w. o,
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why subscribe to d w books? you meet your favorite writer sentence, which is still he calls me. and you have to respond. dw books on youtube. oh, sometimes a seed is all you need to allowed big ideas to grow. we're bringing environmental conservation to life with learning paths like global ideas. we will show you how climate change ended or mental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing. download it now for free. ah, this is dean ebony is africa on the program to aid the 1st major football competition . althea is about to get and de.

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