tv Business - News Deutsche Welle January 29, 2022 4:15am-4:30am CET
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it might the flower hallway from home with less. la is good luck school, but our what about how i had the ah, with well, his reminder of our top story, u. s. president joe biden says he will boost nato's president in eastern europe to deter russia from invading ukraine. u. s. defense officials up one that russia has deployed enough forces to invade all of the country, putting moscow's troop, build up something not seen from the cold pool. you're watching d. w sly from berlin. up next is the got the business. the green you feel worried about the planet to
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unreal host of the on the green fence cost and so we, it's clear we means to trade. join me for a deep dive into the green transformation for me, for you, for the plans with interest to the global economy. our portfolio d w. business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance to the still ahead with b w. business beyond on you tube. ah, the you ask for prayer prepares to crack down on russia's economy as the by the administration lays out options for sanctioning moscow if it attacks you praying
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again, wall street considers the impact for global markets. also coming up argentina and narrowly avoid another financial catastrophe. whereas aries reaches the last minute, debt, restructuring deal with the international mon, harry, fine, and french bakers are in uproar over back out crisis. they see a supermarket chain is under cutting their ability to sell and chelsea delaney welcome to the shell. the bite administration's plans for sanctioning russia if it had been ukraine again, or taking shape us institutions would be prohibited from dealing with major russian banks in state companies. according to media reports, the biden administration is also considering banning trading and russia's government debt and blocking the export of key items like micro electronics, president biden has promised severe economic consequences for russia and president wymer putin personally. in the case of an invasion as well. like i now for more
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unless i'm joined now by our financial correspondent jens quarter in new york. so again, we're hearing reports from bloomberg that wall street banks have been briefed on these potential sanctions. what would it mean for wall street if the u. s. has come forward with these penalties it's also there is talk that we're talking here about the toughest, the sanctions. so against russia in a decade, some and, and general disruptions in the global financial markets are never a really good news. so before a wall streets or us so financial institutions, i mean one big question a clear is or will it even be necessary to em start those some sanctions? so wall street seems to be a bit to him hesitant. soft power, at least the whole a conflict has not really shown in the stock prices, at least him in the u. s. a. markets at that. if you look at the ties between
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a walt street, russian bang, so russian companies of those ties are not that great. so i'm not really a certain even if we see those sanctions, if that will be a big a blow to a wall street and us financial institutions. williams, this is not the 1st time if that the u. s. would have imposed sanctions on russia. there seems to be a mixed history here of the effectiveness. if this does come to pass, what will the impact be? will they be effective? well, i mean, there probably would be at least a short term impact. and then we would need to see how the russian institutions and government can actually adjuster to vote some sanction. but you've already hinted, added president barack obama, while joe biden was vice president in 2014 actually already started sanctions
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against russia. not as deep as the sections we are talking about right now, but pretty similar sanctions and those did actually not do with a trick. also if you look at to conflict, said the u. s. head, for example, with north korea or iran. also those sanction did not really quite work. so yeah, that is a beauty. one of the big questions if it really what a change so much history gives us the lesson actually those sanctions have not really worked that greatly quarter in new york. thanks so much. now, argentina has struck a deal to restructure $44500000000.00 indebted owes to the international monetary fund, the deal caps a week, a frantic negotiations ahead of a $700000000.00 payment due to the i, m f. on friday. the countries president said the debt was quote, on payable and left the country without a present and future argentina's deal with the i. m f came just
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hours before a huge that payment was due. people on the streets of when affairs had been demanding the government not pay as when i now fan gala, he'd be my dad is an illegitimate and hateful scammer and become a pay it. we're saying that old payments should be suspended above and that those billions would that payments be allocated to solving the country, structural problems, and record of where suffering from rise and poverty get at the end and doesn't buy less. rising poverty and surging prices. those are among argentina's current challenges last year, a lot. the highest on you inflation rate in the g. 20 group of nations at 51 percent. that has coals its currency, the peso to weak and significantly against the us dollar, making it even harder to pay back its $40000000000.00 debt to the i m f. now the last minute agreement was welcome use announced by the argentine president himself
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. and he was both up would act, we will have access to new financing precisely because this agreement exists, this understanding anticipated sustaining the economic recovery already initiated. again, it anticipates that there will be no lowering of real costs and that yes, langford, there will be investments in public works well, a national government. the deal has been in the making for months earlier this week . the i m f expressed its concern we understand that the social and economic situation is challenging, which is why we are adopting a flexible and pragmatic approach. the timing of argentina's latest debt was couldn't be worse, but the country isn't alone. the i m f has warned that emerging and low income countries will face similar challenges making debt payments amid the coffee. 19 pandemic. so many governments a watching the events in argentina closely. now
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a convoy of canadian truckers have made the over 4000 kilometer journey from vancouver to the capital city. auto at the speak all to protest corbett 19 rules truckers are no longer exempted from vaccine requirements to cross between canada and the us. ah, this convoy has had a big presence on canadian roads over the last week, truckers protesting new rules that they're calling a coven 19 vaccine mandate. until recently, unvaccinated truckers going between the us and canada had an exemption. they were not subject to a 2 week warranty, like other international travelers. but both canada and the u. s. closed that loophole in january. both countries banned unvaccinated drivers. that's left some truckers and their supporters. angry with
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trucking is one of the leading occupations in canada, especially for men. the canadian trucking alliance estimates that only about 15 percent of truckers are unvaccinated. so not all truckers or ordinary canadians are giving the green light to these protests. it's ridiculous. well, we need to be vaccinated, you want to bring it back and forth over the borders. yeah, you want a job get vaccinated to of trade between canada and the u. s. happened via trucking according to a trade group. the eastern border transport coalition, supporters of the protests say that limiting any of these drivers could mean food shortages, but government officials call that fear mongering. equally alarming is this the promotion by some elected officials that there is a risk of food shortage. trying to spread the fear and panic among canadians. the
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canadian trucking alliance has come out against the convoy protests. adding that both the us and canada have implemented vaccine requirements for entry and that the industry must adopt and comply. police in ottawa say they are prepared for the arrival of between one and 2000 protesters on saturday. now, brad is serious business and france rising costs were of such a fuel the french revolution. now bread is once again, causing an uproar. a supermarket chain has low and lower the price of their pick out to just $0.29. but guess our best seller in this bakery and northern paris. but at one year of 20, they now cost $4.00 times as much as look, lex, super cheap french loaves. that has this baker, worried about the future slacken comes in. why?
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yes, this is unfair competition. we can't compete with a price of $0.29. we already had to reduce our profit margin because of the rising flower prices. and we need to be able to pay our wages and production costs. since the start of the coven 19 pandemic, her turnover has slumped at times by up to 50 percent. but she says the crisis has also shown wides important. that local bakeries don't get crowded out by supermarkets. and that's a long lot in a gap. we local bakers don't only sell bread. we are also a crucial part of parisian life. that became all the more obvious during the locked dance when our customers came to see us to have some human contact. jo clerk denies. the chief prices are unfair competition. they say they've lowered their own profit margin to help destitute families. the company declined our request for an
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interview. their policy is already pleasing some of their customers who tribble just to this is really good news, especially for those that are struggling to make ends meet founder to give to his my beget. this is great. i can do all my shopping and one go through this economist says the company chose the right time for the price move, but for it to be a real success, one condition needs to be met. lower your scene of inflation has risen to 2.8 percent compared to 0.5 percent 2 years ago. and food prices have gone up by 30 percent, but the friends are food lovers and will only buy the supermarkets cheap begets if they're pleasing to their palate, to the whole food back at the bakery. luca klein's have already made up their minds . and this, i think this has been our bakery for years and we keep coming here opens the door here. we know where the products come from. supermarkets shouldn't be allowed to do
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this. we should go protest against that. she prices, in any case, this baker will continue to try to convince her customers with the quality of her begets instead of that price. and before we go, u. s. president joe biden has visited the site of a bridge that collapsed earlier friday. luckily no one was killed, but several people received minor injuries. when the 50 year old bridge near pittsburgh, pennsylvania went down. rescuers pulled people from a city bus that dropped into the 50 meter ravine. or, ironically, vine was in pittsburgh to promote his one trillion dollar infrastructure law. he pledged to fix all of the u. s. as aging bridges. and that's all for me and the team here in berlin. thanks for watching. ah ah, we already knew that the ocean is a massive c o 2 reservoir,
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