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tv   Business - News  Deutsche Welle  January 18, 2022 12:15am-12:30am CET

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but the knight belonged to live and dos, gay, who would not be denied this time. it was wonderful that you're watching d w news. here's a reminder of the top story we're following for you in key, if german foreign minister on alina burbock has underlined her countries, the court for ukraine's sovereignty, she said germany is ready for serious dialogue with russia to deescalate the border crisis. that's it. you're up to date up next business news with chelsea, delaney and you can stay up to date on our website. that's d, w dot com and instagram and twitter to our handle. there is dw news. i'm ami and ease of thanks for joining us with people in trucks injured when trying to see the city center more and more refugees
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are being turned away. families please. on the reason for the credit on we located demonstrate people lean extreme ross getting 200 people, hassan imaging around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d, w. made for mines. ah, ah, from jobs due to jobs bust, the united nation warns that the global labor market is taking longer to fully
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recover from the pandemic than previously expected. will go to geneva for more. in china's big pandemic bounce back stoles. the latest figures show the chinese economy is growth. flo dramatically. during the course of 2021 will look into why and taking the winds out of the sales of big energy. here how sammy herders have defeated one of norway's biggest renewable project. i'm chelsea delaney in berlin. welcome to the w business. global job markets are under renewed pressure as code 19 continues to spread around the globe. that's the message from a new international labor organization forecast published monday. the human body says it no longer expects the labor market to fully recover to pretend to make levels in 2022. instead, it expects hours worked world wide to still be 2 percent below pre krona virus levels. this year that represents a pandemic related loss of 52000000 jobs. according to io estimates,
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a total of $207000000.00 people worldwide will be out of work. this year that is almost as many as the entire population of brazil labor markets have suffered in all parts of the world, but some regions are recovering faster than others. europe and north america are faring particularly well while the worst effected areas are latin america and southeast asia. now for more on this, i spoke to guy writer, director general of the international labor organization in geneva. earlier today, i asked him why the labor market recovery is happening so slowly. you know, we're in a world which is predicted to grow by just over 40 percent this year, so one would hope labor markets would be improving as well. and in fact, they are improving the report that we, that we publish to day shows that in fact jobs are being created, we're going in the right direction. but nevertheless, the recovery process is slow. a great deal slower than we were predicting by the
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way, 6 months ago. it's incomplete. we're not getting back to where we started off the pandemic with. and it's uneven. there were some possible doing better than others. why is this? well, clearly the persistence of the pandemic, the oma crammed variant, has thrown our previous predictions into disarray. and so it's proving a much more difficult mountain to climb, than we previously thought. you mentioned alma crohn there, and just to go off that we've already seen a lot of economies and countries start to pull back on those job support measures by cap to a lot of workers afloat throughout the pandemic. given the fact that we are still in a pen demik, do you think that they're moving too quickly? but we've warmed from the outset and we should learn something, i think, from the experience of the financial crisis of 2008. we've warned against premature austerity, restrictive measures. and i think that that message has been heard quite well by
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policy makers to this point. but we're getting, i think, to a bit of a critical position because i think we've seen public debt levels a quite i, i was drink levels in some regards. and i think as the panoramic has persisted, there's a feeling that this effort cannot be kept up indefinitely. so yes, i think there was a crunch moment coming up because we're seeing inflation taking offers as well in some, some sectors. so i think we have to be extraordinarily careful at this moment just as the future trajectory of the pandemic and behavior of omicron is something we are really on a knife edge with, i think maintaining the stimulus, maintaining the support economic activity is also it's a critical difficult moment for policymakers, we would urge them to we would urge them to on the side of caution and to keep things going. looking specifically at some from different industries here. i mean, if you think of, of things like the travel industry, do you expect sort of
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a long term damage to industries because of that kind of i can and if so, which, which one is you know what you've mentioned? i think the most obvious case tourism in transport related to industries have been badly hit during cobit 19 and projection show that they are going to take the longest to recover. even if eventually the people are going to return to their pre pandemic habits of travel and, and tourism. but that's going to take a very long time and it's likely to be a painful process. i think a separate question is whether there is going to be permanent structural change even when we are in a position to resume past consumption and production habits. and i, i find that to more difficult question to answer. clearly we've got the issue of where the remote working is going to become significantly more important part of
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our work activities. i think everybody would admit that the panoramic has acted as an over that as an accelerator on previously existing processes. but other than that, i think what is liable to be perhaps more important than anything directly related to covert or the other processes of transition, which will already in course pre pandemic. and which will, and must be picked up post pandemic. and there i think was particularly of everything that has to do with the transition to carbon neutrality and green economy. and so i suspect this is going to lou much larger in the coming years and anything else arising directly from cove it that is guy writer, the director general of the iowa. thank you so much for joining us. not chinese president vision. ping has culture greater global cooperation to fight coven 19. she gave the opening speech at the gathering of the world economic forum being held
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online. he said his country will then donate another 1000000000 doses of vaccines. but he also spoke positively about china's economic prospects. that followed the release of new economic data, suggesting it's bounce back from the pandemic appeared to be running out of steam. g painted a more positive picture towards young jin being for you 3 the, the chinese economy enjoy. so good momentum overall. last year, our g d p grew by around 8 percent achieving the dual target or fairly high growth and relatively low inflation. the fundamentals of the chinese economy, characterized by strong resilience, enormous potential and long term sustainability remain unchanged. we have every confidence in the future of china's economy all, despite that upbeat assessment from president g, chinese growth slowed considerably over the course of 2021 coming in at an annual
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rate of just 4 percent and the final quarter. and there are few signs of improvement i had the new year isn't looking to rosie for china. a real estate crisis, shortages of raw materials, energy bottlenecks, in the battle against the pandemic. together, they look like problems that aren't going away any time soon. and that's likely to take its toll on economic growth early or go change it. overall, china sustained, a continuous and steady recovery in 2021. it maintained its leading position in growth and pandemic control in the world. and we are major indicators, reach their expected targets, but the external environment is less certain. and the economy faces the triple pressures of demand contraction supply, shock and weakening expectations. that's why china's economic experts are aiming for growth of just over 5 percent for the current here. economic reforms and
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innovation could push that up a little. they're also planning to create 11000000 jobs in the cities. but in the medium term, china faces a problem common to most industrialized countries. a plummeting birth rate, and fewer people likely means less growth. or for the family. people of northern europe hurting, and fishing have been away of life for generations. but modern developments are putting their culture out of risk. that's why representatives of the handful of remaining hurting families have been taking on one of norway's biggest energy projects. it's john christian jama. had his way. reindeer would be raining supreme here. it used to be one of the best winter grazing spots around, but now there's no reindeer in sight. the animals are too scared to graze on the spot, and jama says the area around, it has also been developed to support the wind farm openings for so they you
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chiding audio route. there's a lot of noise from the turbines parking spaces, roads, intersections the nature here is completely destroyed. only great stones and rocks are left to the norwegian. government is the main shareholder in the much criticized 1000000000 euro project. but more than 20 percent of norway's wind energy in 2020 came from these 151 wind turbines, according to fossil vend. despite the cost and the benefits to the energy grid, the supreme court unanimously declared the projects operating permit and land acquisition invalid saying their construction violates the sammy family's ability to practice their culture. but they didn't say what should happen to the turbines. now he said, why don't we take the supreme court decision very seriously?
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the next step is to agree on terms of the reindeer herders for us to be able to use these windmills. so they don't buford of it. but the sammy families involved to say they won't accept any compromise they want. the turbines taken down and the land at least partially restored. in every other case that you heard about that it's something it's illegal unique. tarrytown, if it's a house, if it's a cabin, if it's, you know, am, and i can't see that. oh, because it costs a lot of money and we spend many years building it and it's still a legal and you need to take it down. so i don't know, i mean it's not up to us to compromise lisa is to lock on these. sammy families hope that this decision will force big companies like fosten vend to raining in future encroachments on to their ancestral homelands. now before we go, people in the chile and class capital santiago have been treated to
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a spectacular night show. 200 jo drones were launched the mule tenuously and flown more than 300 meters high to form iconic chile and figures such as the national flag, easter island, stone statues, and day in con door. the display was sponsored by a bank organizers urged the public to enjoy the display from the safety of their homes due to cope at 19 ah, and that's all for me in the business team here in berlin former from us, check out our website and on youtube and facebook, thanks and see you next time. ah, not only is the i sent in everything has been changing in
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lapland since winter's the form to signs are clear to see and hold a saw me. people. space is getting a long will they be able to preserve their way of life. next on d, w, a pulse, a beginning of a story that moves us and takes us along the right ah, it's own about diversity, does culture information. this is the w news and more d w. made for mines o
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thinker is a sport of many colors, and the children in this mountain village. oh them all. but can everyone b a don't with them regardless of gender? emma wears blue, the color of her favorite sex. it's traditions prevent her from going to games and playing with an insurmountable obstacle balloon. girl football on the peak starts february 4th on d. w with .

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