tv Business - News Deutsche Welle January 11, 2022 10:15pm-10:31pm CET
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so readily available if you have the technique or the genetically modifying. so if they're more cute tweaking required far for modifying the genes weekend we, every of the you will be able to do that. and, you know, can, can, you know, customize basically the hard for, are the argon for the patient. the experimental procedure raises ethical and animal rights issues and is far from being declared safe. but for now, dave bennett's new pig heart is still beating you are to dw news up next. the world bank issues a stark warning about the global economy for 2022. that's coming up in business news. the chelsea delaney stick around. she'll be right back with these places in europe or smashing the wreckers stepped into
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a bold adventure. it's the treasure map for modern globetrotters. discover some of you up to record breaking sites on google maps, youtube and now also in book form, i'm the green. do you feel worried about the planet we to i'm neil, host of the on the grievance of cost and to me it's clear we need to change the solutions are out there. join me for a deep dive into the green transformation for me to do full of them. i a booming debt levels storing inflation and new co, 19 very and the world bank is sounding the alarm about the long list of risk for
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the global economy. and the new year, the world's forest countries are most at risk. also on the show going, inflation as piling pressure onto the u. s. federal reserve, but will control when prices mean putting the job market on. i will go to new york for analysis and swiss. scientists are turning to one of the world smallest life forms to help house release fewer greenhouse gases until to delaney and berlin. welcome to the show. the global economy has staged and impressive come back from the historic low of 2020. that's according to a new report from the world bank released tuesday. after contracting by more than 3 percent and 2020 global g d p growth came in last year at 5.5 percent. as you will see here in just a 2nd this year the world bank is also expecting improvement of just over 4
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percent. now that's the good news. the bad news is that this recovery is not being evenly shared. the economies of developing countries in particular are recovering much more slowly and asia, the middle east to latin america and africa growth in 2023 will be significantly below the long term pre cova trend. now, poor countries haven't been able to spend as much as advanced countries to cushion the impact of the pandemic. the world bank is warning that another 100000000 people will fall into extreme poverty this year. now for more on this, let's talk to francisco own sorta, she is a manager in the development prospects group at the world bank. francisco, thank you so much for being here. so the world bank has called this a inequality pandemic. why have we seen such a stark divergence between the world's richer economies and the world's poor?
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yes, it is a stock drivers. we are heading into a very pronounced global slowdown. as you mentioned already, before this recovery is complete, an emerging market next year. after 3 years of recovery, outscored and emerging markets developing countries with 74 percent below to keep and trend. and it wants to call me back to try and make it up. so it's as if the and emerging markets of developing economy as well on the law flight path from advanced economies. and the reason for that is in good measure because of different policy support. both groups of countries implemented extraordinary policy support fiscal monetary in 2020, a sort of identity, but emerging markets developing called miss, i've already started to withdraw it more than one of already type on a policy. i didn't 60 percent of them already lost here. fiscal policy was
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a driving role that will only become more pronounced as we go forward. so the world bank has also mentioned vaccine inequality as a big issue for a lot of countries. now that vaccines are becoming more widely available. do you expect that to be a boost for developing economy this year? yes, broader vaccine rule out is something that will have global growth, and it has been progress about at this point. about half of the population, the average eat has been vaccinated. the ones that are really lagging behind other low income countries, only about 7 percent of the population have achieved, have gotten one shot increase. but in tech solutions road on even more broadly, to all the corner of the world. leave it open for you to imagine when we come to simply remind off that absolutely. this report also really points to the growing doubt levels among all countries advanced and poor developing countries. how big of a risk you see that as to the global economy this year?
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yes, the risk of financial market stress is a very real risk to global growth. and it could be triggered by any number of events. and these events are becoming more likely. it could be triggered by faster than expected policy tightening advance economies. it could be triggered by credit even to an emerging market. it could be triggered by expectation of these things. any of these events would raise financing costs could cause capital flows bigger. captain altro, some you've seen already put me imagine marcus, and could cause the appreciation. the problem is that currently emerging market developing on a particularly vulnerable to this, they're valuable because that is much of a ties in addition to vulnerable. because they have very little policy room to intervene and support the economy should, should it, should anything go wrong. so not only out in the lower flight path is almost as if they were flying. also a gas off empty,
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almost empty because they have very little room to support francisco. and so at the world bank, thank you so much for joining us. now in the u. s high inflation is posing a serious threat to the countries recovering job market. that's according to testimony from federal reserve chair jerome powell, on tuesday in front of the u. s. senate. the fed, we'll consider additional interest rate increases this year on top of the 3. it already has planned in 2022. if consumer clients prices continue to climb. we know that high inflation exactly toll, particularly for those less able to meet the higher costs of essentials, like food, housing, and transportation. we are strongly committed to achieving our statutory goals, maximum employment, and price stability. we will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched. now, yes, coroner, our correspondent in new york joins us for more years. pow husband insisting for
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a while. not that the fed was going to move very cautiously and moving and pulling back the stimulus. why a few changing his to now? well, i mean, you don't always get what you want. the problem is that those inflationary tendencies seems to be last thing much longer and are more elevated than the federal reserve solid coming in the past couple of months. by the way. it's also not the 1st time that the federal reserve is not picture perfect to their estimates. we will get the latest reading on consumer prices. now on a wednesday end of economists are right. we will see the steepest them increase in those consumer prices in about 40 years. and that's why the federal reserve for these the urge to act by the way, not just with increases of the interest rates, but also with lowering the balance sheet. meaning that pretty soon the fed could
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even start not just ending the bond buying program, but actually actively start to sell bonds. organs is clearly a balancing act here for the fat and every other, other central bank where they want to really reduce inflation without hampering the economic recovery. we've heard jerome power talking a lot about the job market, not undermining the job market. but is that really a risk given that unemployment was below 4 percent and december? well, i mean, the more you increase interest rates, for instance, the more likely it could be that you might start a recession and that could actually put pressure on the labor market. but overall, if you look at current statistics, we have for the an unemployment rate of 3.9 percent. that is a very close to the 3.5 percent that we saw before the per day may kit and that so those 3.5 percent. while the lowest unemployment rate in about 50 years. but
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clearly those statistics do not show you the entire picture. we have filled sy about to, to a 1000000 jobs in comparison to predict damage level. the participation rate and the labor market is pretty low, but i would say at this point, we also have some structural issue with why we are not a 100 percent where we used to be on the labor market before the pandemic started. so i would say with monetary policy, you will only have a limited effect on the labor market at this point, and quarter in new york. thanks so much. now the beef and dairy industry is a major contributor to global warming. that's thanks to these guys. cows as they digest food, they in large amounts of methane and switzerland. scientists may have found a way to make house less gassy and better for the climate. the substance could be the solution to the methane problem with cows. billions of tiny micro algae are
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floating and these vials tabi on violet and his team from the swiss competence center for agricultural research in ban are on the lookout for a very specific algebra. one that tastes good to cows, and at the same time stops the process of methane production in the cow stomach. the un is yandy. i analyze the algae for its nutrient content to hold. and we can actually simulate the digestive system in the labs. we can test small amounts in the lab and to see whether the algae, as the potential to reduce methane emissions. analyst was to wait. it's here. there are 1500000 dairy cows in switzerland. each of them releases several 100 leaders of methane per day. once the scientists have found the right algae, mass production is set to begin up. it could take just a day or 2 weeks for the algae in a bio reactor like this one. to be ready for harvesting the plan is for farmers to install bio reactors on their farms and produce their own feed. farmer. martin
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hooper knows all to 70 cows by name. he makes a living from their milk. but he also wants to do something for the climate and is open to innovative ideas as an in this, if the cows will either end up then it would actually be a great idea than that. cuz when need an additional protein source that can replace the repeating fairly so it would actually be a double benefit on out in europe. so that's it. and so i, on the one hand i v algy smithing reduction. i'm side on the other hand, a new source of protein after on the inside there and the protein coil it. but it's not that simple. 2 years ago the algae spirulina was added to the feed of dairy cows on this experimental farm, as part of a space, the result good and bad at the same time. ah, yes, exactly, algy very well, which means they weren't deterred by the flavor. the melting name chain for you as
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animals at the end was also good, which i didn't have, and i fishy smell mac, but unfortunately i didn't find any effect on methane production because i think of that miss mitten think. but researcher fabi on val is not deterred. he's confident that he will find the right algae sooner or later. then if we're lucky, we'll find them in 3 months. if we're unlucky, it will take longer. but we're absolutely convinced that we'll find it eventually. we'll come to the lab every morning and keep working on it. the researchers hope that the pilot phase can begin in early 2023. then the 1st farmer's will test. algy is feed marching hampshire hopes to be one of them. feeding his cows while helping with keeping an eye on grandma, china's seniors are well monitored by robots. but are they also well taken care of?
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it's a matter of perspective. china is using robots to help the elderly because many of them live alone in need contact. but is this model the right solution? close up next on d, w. 77 percent. likely to have a very special to be speaking to men about what it needs to be a man in africa. in this year of 2021. yeah. finan like the mare i now in my view, a man who's been be provide them as opposed to cry as a guy the other. what about the sexual pot? redefine yourselves as much as you can to best vision of is a fee of the 77 percent. yeah, feeling like the marriage nativity on w o.
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and she's up to date. don't miss our highlights. the d. w program on line d, w dot com highlights it's the most controversial prison in the world. the guantanamo may detention camp ever since it was open. human rights activists argue guantanamo is where the u. s. lost its moral authority. the infamous prison has violated the geneva convention for 20 years. why has it still not been closed today on the day? ah no caring for the elderly and china. this is the vision.
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