tv Business - News Deutsche Welle January 25, 2022 10:15pm-10:31pm CET
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so because of the internal fighting within the democratic party, our washington bureau chief in as poll. thank you so much. before we go a real life, james bond moment may soon no longer be the stuff of fantasy, at least and one european country. slovakia, transport authority has deemed a flying car to be air worthy. the air car earned its wings after extensive test flights and the company says certification opened the door to mass production. hybrid vehicle takes around 2 minutes to transform from plane to car and takes regular gas the pump. but aviation experts a it'll still be some time before flying cars really take off the w business was chelsea delaney is up next. fitted with one of mankind's oldest ambition. could be within reach
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or what is it really is possible to reverse aging researchers and scientists all over the world oriano race against time. the dna molecules though has 28 new different our glasses. they are peers and rivals with one during goal, 2 out smart nature. one of the most insightful discoveries in the history of mankind on the brink of eternal life, starts february 16th on dw. ah, that global economic recovery is under threat. the international monetary fund cuts
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this forecast for global growth as inflation and over con, sleep around the world. now, for many people, wind turbines are an eyesore that as the need for clean energy grows, we'll look at how one company is getting people to support their construction. i'm chelsea delaney and berlin. welcome to the show. the global economic recovery. it will likely slow this year and a number of challenges from inflation to over kron are threatening to make that to celebration worse. that's according to the latest world economic outlook from the international monetary fund. now, the e. m. f has sharp, the i m f, excuse me, has sharply cut it's forecast for the world's 2 largest economies. the u. s. in china. also warning that developing economies are facing the biggest economic risks . the world phases many economic challenges as the pandemic, n t, as it's 3rd year. the international monetary fund has revises 2020 to economic growth forecast to 4.4 percent,
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how the percentage point lower than it previously forecast. last october, supply disruptions are expected to weigh on economic activity and contribute to high inflation due to travel and mobility restrictions. amid the rapid spread of the only con variant, that only adds to concerns about rising prices. we're seeing inflation come up strongly in many countries. if for instance, that leads to much more tight and monetary policy in the u. s. than that's being expected than that could tighten global financial conditions in china. if there are more lock downs because of the 0 cov it strategy than that could lead to mo, global supply chain disruptions. so these are some of the risks that we're concerned about. while corona virus remains a major concern, i will also be on china the us, the prospect of the federal reserve hiking us interest rates doesn't bode well for the finances of some emerging and low income economies. there governments may find
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it hard to service debts as a result. that's also why the i m f continues to warn of a divergent economic recovery. now here with me is g w, a reporter to ponder chem below who made that report for as so, japan, thanks for being here. you mentioned in the report the u. s. in china, and these are of course, the 2 biggest economies in the world. how problematic is the slow down and both of those countries? well, if we look at those 2 economy economy, specifically we're talking about a downgrade of a $1.00 percentage points for the u. s. economy and a 0.8 percent. percentage points are when a percentage points for china. and the reason the m f gave for the u. s. economy downgrade is because of potential benefits from the build back. better program of the bill that has not gone through congress, which has now been factored out. that's not going to go through likely we've been looking at that, of course, in the us as well. and the now that the other issue, of course in the u. s. is the fact that the fed, the federal reserve,
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might raise interest rates maybe 3 times this year. so that will raise borrowing rates. and that's, of course, an issue for developing countries, as i mentioned in that report. because of course, that makes the dollar more expensive. another reason is supply chain issues and of course that might also be something that could impact china because of course, they have a 0 called strategy. specifically the downgrade for the chinese economy. links to the fact that china has been struggling with its real estate market sector. we've all heard of the evergreen story that was the biggest stories in china or out of china last year at least a business story. and then the 2nd reason was the fact that private consumption in china is weaker than expected in terms of recovery. so those are definitely issues that they are looking out for and those where the major reasons for the downgrades, for those 2 economies. so going back to developing markets and the i m f says that these are particularly at risk an urgent you know, one name that always comes up when you're talking about the owner ability of
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emerging market nations. what, what is really the problem for countries like argentina with argentina, specifically if we look at it, because of course, it's one of the biggest stories when it comes to debt and credit and issues paying back any loans that they have from the i m f with i don't know, we're talking about $40000000000.00 that it ols from its last economic aid program, from the i, m. f. in 2018 and $700000000.00 is due on friday, a payment of $700000000.00. another payment of $370000000.00 will be due on february 1st to the i m f. so that is a big deal because i just had an annual inflation rate of 51 percent the highest in the g 20 group of nations. and that is made of course, the dollar more expensive. so the talks right now with an effort to try and figure out a solution because of course the dollar is expensive for the argentine government and it's highly unlikely that will be able to afford to pay back that money. they all the time that they would have had to pay it back. definitely
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a burden that's falling hardest on the poorest countries punish with. thank you so much for joining us. now the us house of representatives has asked major me companies to provide details about their searching prices for meat packers, including tyson foods and g b. s. due to have received a letter is asking for explanations of their prices for beef. pork and chicken president biden has called on regulators to investigate medic, major meat packers who have tripled their profit margins and the pen demik. according to the white house. it comes as us as the us faces its highest inflation rate and 40 years isn't without competition is capitalists. now, yes, quarter are corresponded in new york joins us for more. so he ends, we know inflation is a big problem in the us. but why our meat packers getting singled out here?
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now, chelsea, i mean if you look at the industry, especially the big cap processes that had been a lot of consultation going on in the past couple of years in the industry. pretty much gets called for hold by a handful of huge corporations. and now the claim is that those corporation and actually use this market to power to come to country, the higher cost that they're seeing with higher prices and prices definitely have been on the run. and if you look not in this quarter, we will get from tyson foods, for instance, the earnings reports next week. but in the quarter prior we saw a chicken price. it's almost 20 percent and talk price up by almost 40 percent in comparison to the year before. so again, you mentioned really i watering figures there, but is this really the problem for us inflation is price gouging? what's really responsible for inflation in the us?
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well, i mean it's not helping, but to be fair. i mean, some of those companies in the food processing industry, they do see higher costs, for example, to feed the animals. so for a transfer to just for labor. so those are definitely also reasons. and then we do see prices on the upside, not just in the food industry, but also if you look at energy prices, if you look at the ages, so that we do see inflationary trends here in the united states. that cannot only be blamed on the meat packing or food industry. it's only one part of the whole issue that we are facing with and by the federal reserve. fed to morrow was the next meeting, is pretty likely to hint at a 1st interest rate to increase by march quarter in new york. thanks so much
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now to some of the other global business stories, making news, drug makers, by on tech and pfizer. see, they have started a clinical trial of a new version of their cobra. 19 vaccines specifically designed to target the homework on very and that has alluded some of the protection provided by the current regimen. it is the 1st such variance specific trial by a western pharma firm. german executives are growing more confident about the outlook for this year. that's according to the latest business climate survey from germany's eco institute expectations and the services sector roads for the 1st time in 3 surveys. one of the systems in the united arab emirates has entered a multi $1000000000.00 deal with casino giant when resort. the deal uses the word gaming rather than gambling, which is illegal and you ate ye, the plan aims to attract wealthy tourists. now,
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germany has a goal of doubling their renewable resources by age, by 2030. so this is obviously a very ambitious goal, and that's being made more difficult by public opposition to new wind turbines. 13 wind turbines being built in the far west of the country, nym insta, the energy they'll deliver will be put to good use, especially once germany's last, coal power plant shuts down in 2038. but the expansion of wind energy is not going fast enough in many parts of the country says milan nitika, he's managing director of the company that operates this wind farm. this point, this project is special from the start. it's out strong support from the local authority in the district and local people. even the cities utility companies are involved. so everything gets done much faster in places where citizens initiative,
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se not in my backyard, it can take a lot longer out of it was a long banners like this one, sign of local resistance. some people in the region complain that wind turbines or a blot on the landscape, that's part of why it can take 10 years for a project to be approved. but there are ways to get communities on board. miller nitika had a good experience on this project. he talked to locals beforehand and offered them a share in the wind farms. profits was view mahunis. this is what i do is raised the capital for the project from local residents. they essentially give us alone and we give them back interest at a fixed rate. i'm guy that could be 5 percent, maybe 6 percent. that's quite a lot compared to the interest rates. banks offer nowadays. vinzini the odd of a bank. um, this isn't really there for you. oh, but new wind farms will only succeed if the people who live nearby give them the
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green light. here, at least they found a recipe to make it work. we're. and before we go for the 1st time ever, university students in australia have crafted beer using artificial intelligence. they have tapped into something many of their classmates can get behind a brew. they're calling the ai p a. the computer scientists gather at hundreds of thousands of recipes to create a neural network that eventually produce b hoppey beverage. when it comes to expanding the bounds of machine learning, these students are really raising the bar. and it's all from me and that this is team here and for land as it was great to have you see you next time we surviving the holocaust
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sanctuaries against extermination. natalia roaming is seeking them out and restoring them. ah, uncovering secret hideout close up. oh, d w. then this episode, we appreciated the 2nd i'll preside and meeting patterns across the african continent. 77 percent in kinshasa. we met some boxes from all over the country who told us of all the struggles a feast, indiana westamerica, additional club on support for the work. i bought this state street dwarf trees debates. 17 with 60000000 on deal. yeah. ah.
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