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tv   Business - News  Deutsche Welle  January 8, 2022 4:15am-4:30am CET

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and before we go to the city of e, katherine bergen, russia is transformed into a winter wonderland, thanks to its annual eye sculpture festival. more than 20 teams from all over russia took part in this one. the sculptures traditionally feature religious things, such as the nativity of christ, to mac, the celebration of the russian orthodox christmas. first prize this year as the angel entry titled heavenly shipping. and you're up to the coming up next. general dumas aunt has business name. that's after a short break. there's more to be found on a website that's a d, w dot com and don't instagram and twitter to handle it at d. w. news anatomy out. thanks for watching. soccer i'm skin that. i think that's hard and in the end is a me, you are not
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a lot of to you anymore. we will send you back. are you familiar with this? with the smudges were lions beef? what's your story with. ready women, especially victims of violence, seen and take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen in phil migrants, your platform for reliable information. ah, ah, the world calls for calm and cadillacs that dozens of people have died during unrest that began with protests over a fuel price hike. look at the economic disparities that have triggered this moment
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. 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 don't 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 is 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 airlines has stopped of flight 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 subsidy prices above the subsidies are an important factor for people who does not have access to posts and richest in the country. and not only that price is right sharply. people also suspect that that corruption was a reason for it. and that the government communicated the change. corny and this all happened despite the rich heart of hydrocarbon with us because of some had all alone makes up around half of the exports itself is the middle income country 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 inequality between cities and the countryside, between region and quality in terms of job infrastructure, income,
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and so on. so there's a lot of disparity. yes. but i wanted to ask you about what kind of economic change to the protesters want to see. probably the lack of leadership and maybe 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 ex, everyday life for many cover is harsh. exactly. by the pandemic. minimum wage is low, for example, and the economy is not diversified. innovation is not foster's, it's not modernized. so this reliable resource rent remains very high. this wealth is captured by a very small ally. so it can only demand a tied to the type of faction with a political leadership talk. the slogans are old man gets ounce. this echoes
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protest in previous years as well. the countries rolled in authoritarian fashion and this foster as a self serving political may, can all make 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 this spike in gas prices ignite, to decide. so what some people, economic demands are specific, many are asking for much wider political change as well. knows on. he's a senior researcher at the center for security studies focusing on eurasia. thank you very much. the u. s. 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 feel vacant positions while the labor force partition participation rate remain steady and they are limiting it and court that joins us
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now. and 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 wanted to monetary policy sensitive stocks. technology companies especially got hit pretty hard this week for the week. the not accomplished it to stand by a good 4 percent, but clearly a wage goes those 4.7 percent that was higher than expected. and we did see this
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a trend to 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 as 2 for the us labor market. and the court had talking about supply and demand. thank you for you 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 for 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 warner chapel has bought the rights to bowie's more than 20 studio albums for $250000000.00. and it's a growing trend. u. s. rocket. 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 eleger lens mir. your singer has a vision, a pretty big 1. $1000000.00 tons of green hydrogen 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, illegal and port is being enlarged with landfill. the goes into the large steel and
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chemical industry urgently needs this hydrogen and as quickly as possible, the demand is huge and we just calculated that every car could run on hydrogen just from the equivalent of the project. and this can really make a difference. but the hunger for electricity and energy is so great, that equipment is actually only one component in the entire german national hydrogen strategy to give wind power is a good thing says hello land bird research. your can jessica, but he's concerned 5 species of birds like these games for breed exclusively on hellig 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 being taken into account, then the birds fly into them then over the long term this can have grave consequences to such an extent that entire bird populations are affected with regard to migration, anybody to us cost significantly more energy and we know that some species build up
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their fat reserves for the breeding season. if they need to fly different route as possible that some would no longer even start reading from. not only in the sea, but also on the island, a lot would change. this hotel is already fully rented to maintenance work, as in the wind power industry. they commute to the off shore fox 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 they will just not be a nice reception for them and sung fully to us. then we continue to build in additional open spaces on hellig land, especially with unsightly industrial facilities. i have concerns that hellig lands reputation as a natural island will be named through investment. does it would be nice if that could be done the tourists. i imagine that this will put them off sick,
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but seeing his vision is still being 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, the m w has unveiled the world's 1st color changing car. the model on show could only change between grey and white, but b m w says in the future a wider color spectrum will be possible. just not sure if it'll make finding your car in a parking lot easier or harder. thanks for watching. ah ah, scan or replace things go in the quest for the truth. innovative technology is
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helping pathologists get to the bottom of causes of den with virtual auto. a new way of looking inside our bodies to morrow today. to next to d, w. have you heard of a gold under horseback? semper or a fan maker? no, no wonder. hardly any one knows the obscure traditional craft. we give you a inside look on you ro, max. in 60 d w. o.
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ah, the internet knows all. sheets creators want everything to digitize, everything. hot commodity in this global experiment. our data devices are embedded in our daily lives tracking every day. are we headed to a future realistic, utopia pool, but digitize nightmare? the internet of everything starts january 17th on d, w. ah. this is the sound of pests having a feast. growing labels are known for destroying in.

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