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tv   Business - News  Deutsche Welle  February 10, 2022 10:15pm-10:31pm CET

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next, i'll see you tomorrow. ah ah ah! we've got some hot tips for your bucket list. ah romantic corner tread hotspot for food and some great cultural memorials to boot. d w. travel off we go. eco, india. how can
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a country's economy grow in harmony with its people and the environment when there are doers? who look at the bigger picture? india, a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india. eco india pod d w ah, another u. s. inflation report for the record fox prices are rising at their highest pace and 40 years ne, west will red hot inflation lead to economic meltdown. will go to our correspondent and new york and will take you to kentucky cole country where inflation is sitting hard in a region already racked by poverty. also coming up, the global shipping industry is going back in time,
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bring down its climate footprint, wind power, cargo ships. one second sale by steve. i'm chelsea delaney. welcome to the show. a key gauge of us inflation rows a steeper than expected 7.5 percent and the year through january high energy prices, supply constraints and strong demand have been driving and inflation. prices for used cars and gasoline searched by about 40 percent year over year. according to the labor department, consumer price index, bacon prices, 18 percent. the inflation spike has lasted longer than economist had anticipated, and is increasingly weighing on consumers and businesses. now inflation is proving to be not only an economic threat, but increasingly a political threat for president joe biden. the white house released a statement about the data and with biden saying, while today is a reminder that americans budgets are being stretched in ways that create real
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stress at the kitchen table. there are also signs that we will make it through this challenge. now for more on less, let's bring in yes quarter our correspondent and new york. so, you know, we have president bite and being a little bit more optimistic there, but inflation clearly running very hot right here. why is inflation continuing to rise as such staggering rates? there are many factors, one big increase was the price of oil and that the adults are converts into higher prices for gasoline. so transportation costs for infants are also hitting companies . they respond to the higher costs with price increases. by the way, we, for example, heard to just here on thursday from coca cola that they are reacting to higher cost with higher prices or have already done so. but in general,
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also food prices are brand are ca, prices are up. so there are many factors. so us, president joe biden has tried to lower oil prices, for instance, with opening up the strategic reserves. but that has not really done the trick so far. so yeah, everybody is waiting for prices to come down eventually, but we don't know precisely when and by how much we have one of the big questions after this data is will it force the federal reserve to speed up its plans for removing stimulus from the economy i've heard some pretty crazy projections from economist after the data today, some saying they can raise interest rates in the coming days. will we see a much more aggressive federal reserve here? yeah, sure. as chelsea that says specially the big question here on wall street. we heard from james bullard today, who is the head of the fet, in st. louis that he wants to see interest rates to go up by 50 basis
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points, them at least at the next meeting, mid march. and if we really will see any movement from the federal reserve before that next official meeting, i'm a bit doubtful on that. paula is also asking for a full percentage increase by july. so that does sound much more aggressive than many economists. and also traders on wall street had recently estimate it and therefore we did also see a lot of pressure on stocks on wall street. and by the way, also, mortgage rates are already on the increase in the quarter in new york. thanks so much now, inflation is a burden that falls hardest on the poorest. like those in rural eastern kentucky you may know it as cold country. the region has become increasingly impoverished as the coal industry declines to w stuff on steam under winds there to see how people are dealing with spiraling prices. ah,
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kentucky is not doing too well these days. what is called america's great resignation, as in millions, quitting their jobs and record to inflation are hitting people heart in this part of the so called bluegrass state injury, eastern kentucky of the most economically depressed regions in the united states of america. why is that? because he's in kentucky is cold country and the decline of the coleman this tree going on for decades here. and left his mark on the region and on the high rollers are not to be found here. people here are making their living by working hard wages, minimum wages, and depress wages and salaries are real thing. so the inflation hurts. people hear the mom i and i'm danny.
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i'm a 3rd generation or i started working co lands in 1990 toe and i absolutely lived . i retired then i got diagnosed in 2015. that's why glucose danny's 48 years old. he suffers from black lung disease decades of breathing in cold us cost. message scarring in his lungs. breathing is difficult working. it's impossible. danny and his family, his wife jenny, and daughter molly are mostly living off a fixed income and modest monthly federal paycheck he receives for having ruined his health and the coal mines. life was on the lean budget before inflation hit. now it's a struggle then he says, well, we haven't obeying other sometime we had rabbit trader. you know, so i was much fuel fuel money for gay s as we can and we are not going no farther than we have to. it's not just danny,
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and his family is struggling with and juggling rising prices for gas for groceries for power and for heating gas for well, pretty much everything. historic inflation or not call b hall executive director of sore, which stands for shaping our appalachian region. a non partisan, a non profit organization thinks that to maneuver eastern kentucky and its people out of misery. the region needs broadband. it is the i whatever insert whatever cliche you've heard. it's as important to this region is electricity was in the forty's, the, the aria, the idea here, fast and reliable internet access for the region will bring better jobs, better jobs mean better wages. is that the proverbial light at the end of the tunnel for danny and his family, 4000 more here in cold country kentucky. that tunnel seems to be awfully long. and the light at the end of it. flick us only, dimly,
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at least for now now to some of the other global business stories making news. twitter reported weaker than expected quarterly advertising revenue and to user growth figures. and busters, see the results as a sign. the company's turnaround plant has yet to gain traction. twitter shares rose nonetheless, even after it sees me after it announced a new $4000000000.00 share buyback. european commission president or is lavonda lion unveiled the 1st regional plan under the new global gateway strategy. and synagogue on thursday. 150000000000 euros have been earmarked for investment in africa. the global gateway strategy was launched and december. it's designed to compete with china's belt and rhode initiative. ford honda and toyota are halting some production at canadian plans due to supply issues as well as a days long blood blockade of us canada border crossings by canadian truckers. they are protesting against vaccine mandates. meanwhile,
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both washington and otto are warning of economic damage. now for thousands of years, ships carried freight across the highs. these thanks to sales that harness the wind that was before the age of fossil fuels, which most ships he is to day. but wind power maritime transport could be making a comeback as the industry looks for more sustainable options. stevedores, unload a shipment of colombian coffee from the 43 meter dutch schooner oven tour. the port of bordeaux. this cargo was not shipped on a kerosene burning freighter. this coffee was ship by sale. it's an experiment by the coffee importer balco to reduce the carbon footprint of maritime transport. vicki coffee objective for 2025 is to achieve more than 50 percent of the coffee imported by balco using classic sailing techniques he can trans oceanic when transport says it ship can hold 1000 tons of goods and reckons it will be built by
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the summer of 2023 the global shipping industry is a big polluter. it mainly uses fossil fuels and a cancer around 3 percent of the world's greenhouse gas emissions. the race is on to come up with alternatives to fossil fuels to power cargo ships. projects under development include new experimental sale designs, such as hard sales or rotating vertical cylinders then there's hydrogen power, which yields no direct greenhouse gas emissions this week. so the launch of the energy observer to concept this prototype is powered solely by renewable energy on his capable of producing its own hydrogen using salt water. oh, and as of silva, nevada energy observer 2 is a 120 meter long and 22 meter wide ship which can carry 5000 tons of freight.
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her own as is no one is a 0 direct emissions if the hydrogen fuel that powers the electric engines is produced in a carbon free way. it was anna of 20 milton madonica, which the plan is to have the 1st operational 0 emissions cargo ship take to the seas by 2025 carrying up to 240 freight containers. if boats are built on this model, it could de carbonized a 3rd of the world's existing fleet. the revolution in energy technology could c, c o 2 emission cargo vessels make way for a truly sustainable way of transporting goods on the high seas. and a reminder of the top business story we're following for you this our, the key u. s. inflation gauge rows of steeper than expected 7.5 percent. and the year through january high energy prices, supply constraints and strong demands have been driving inflation. the spike has lasted longer than economist had anticipated,
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and is increasingly weighing on consumers and businesses as well as the by the administration's popularity. and that's all for me and the business team here in berlin. for more from us, check out our website, debbie dot com slash business for also on the d. w. news youtube channel. you can find us on facebook until next time, take care and cleaning up after the eruption clearing out toms of lava. quimby via home la paloma, has finally been extinguished despite the devastation. many residents are optimistic. they want to reclaim what the volcano took their home focus on europe. next, on d,
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w. at the battle against cobra, the only variant is putting healthcare systems around the world to the test. vaccination campaigns are accelerating while restrictions are intensifying once again. but or these measures enough to stop the spread of omicron fax data and reports covert 19 special. in 60 minutes on d, w o ah, the amount is increasing every year, many im gonna working on lenses and we work fairly holiday destinations drowning in plastic weiss, we rewind at the cost every
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year. europe exposure 1000000 tons of plastic with there. another way, after all, the environment isn't to recyclable. make up your own mind. d. w. made for mines. ah, with hello and a very warm welcome to focus on europe. it's been called the most dangerous moment in europe since the end of the cold war. with the russian troops massed at ukraine's border fears of an invasion, have put european nations on edge away from the front lines. it's hoped a flurry.

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