tv Business - News Deutsche Welle April 2, 2022 3:15am-3:31am CEST
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remain trapped there with you now for our business day, but remember, you can always get all the latest headlines on our website at its dw dot com or me and the entire newsroom team. thank you so much for a company today. is just a thought say what grade level is the end of the pandemic in site we show what it could look like
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will return to normal and we visit those who are finding it difficult with success in our weekly coping. 19 special every thursday con d w. with a more strong job, growth puts the us closer to its pre pandemic. figures can finally close the gap and regain all those positions lost in the past 2 years. and what does a post coping labor market even look like for women for black americans? we'll talk to our correspondent in new york. also on the show german business leaders, warren about the dangers of a gas cut off in europe's payment dispute with russia. we ask an economist whether their peers are justified and rising food prices are heading,
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muslim communities around the world as ramadan begins this weekend for low income families in particular, the burden is significant. i'm seeing here is a welcome to the show. united states added more than $430000.00 jobs in march, lifting its unemployment rate to 3.6 percent. that's nearly the same level as before. the pandemic. strong uptake comes as coven 19 cases fall around the country . and to fall as last year's torrid economic growth. economists have puzzled over turbulence in the u. s. labor market in recent months. workers have resigned or switch their jobs at record levels. a phenomenon dubbed the great resignation. are i from on this? we go to jens quarter in new york. jens put this into perspective for us. how does this new labor market post cove? it looked like compared to the one before coven?
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yes, even into you mentioned the 3 point. 6 percent unemployment rate in february of 2020 we had to 3 and a half present and that was the lowest rate in about 50 years. so we almost have full employment here in the united states. and if you look at certain groups, women, for example, at the strongest return a to the labor market since the summer of 2020, or the unemployment rate for a black american men dropped to the lowest. and since the pandemic started about having that said, the unemployment rate for black men is, was 5.6 percent still higher than this missional average of 3.6 percent inflation. a big problem the u. s. right now this higher employment should in theory help raise wages. does that do anything against rising prices? well, i mean, it does help us. we did see wages,
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some increase by 5.6 percent in comparison to a march of last year. so in general, that is a good development, but the problem is that prices are even arising. more than what that what we see on the, on the wage front, we just saw a recent reading on consumer prices. they're up by almost 8 percent. and so we have wages up by 5.6 percent or so that is a problem. and then also, i mean if companies have to pay higher wages in return, so meaning they will have higher costs, they will transform that into higher prices for consumers. so yes, it does help a bit, but still inflation increases at a faster speed than wages. yet quarter in new york. thank you. over to europe where several german industry leaders have voiced their fears over a potential cut off of russian gas. as president vladimir putin demands future bills be paid in rubles, siemens energy,
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c o christian book told the handles block that a cut off would be existential for some sectors pointing to the glass industry in particular. the ceo of chemicals giant b a s f martin rudo mila, meanwhile, toward another newspaper that germany would face it's worse economic crisis since the end of world war 2. the chemicals industry relies heavily on gas for production . earlier i spoke to karen piddle. she's head of the evo center for energy, climate and resources. i asked if she agreed with that leak assessment by the head of b. s f. no, i wouldn't. i mean, i know that there is all these horrific, ah, forecasts coming out of the industry coming partially out of politics. but all the serious studies that i know do not predict anything, even remotely close to that. how serious would a crisis be? miss the the worst study, i mean, the worst outcome that i have seen predicts a cut from a g d p growth by 6 percent. so depending on where you start with 2 percent,
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for example, it would come down to minus 4 perhaps minus 5 percent. this isn't the medium term, of course, i mean, if you, on the very short term like manner of weeks, that could be frictions adjusting to new situation, having new supply lines, saving gas, having fuel switches so that of course there's a lot of challenges with it that comes with it, but i would not expect that to last. would you then say that's the crisis resulting from a cut off of gas? a sudden cut off from gas rushing guess would be manageable, then. i would expect it to be manageable as far as i understand what's happening at the moment in industry. but also in politics is that there is a very thorough preparation for that. so it's, it's really looked at carefully what can be done, what has to be done? what can we manage, what should we let play out on the markets? so i have the feeling that there is a very well, oh,
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the preparations are ongoing. but of course, um it's, it's always good to kind of show caution. i mean, if you listen to the rhetoric of the communication of the german government, what you hear is that they do not want to cut, but in case it is coming, that they will manage well, food is a major part of the muslim holiday ramadan, which begins this weekend he stays fasting is followed by several meals at the end . more lavish fees for ead breads, oils and desserts are all important during ramadan and all are more expensive this year. and that's due in large part to the war. and ukraine. ah, the muslim festival of ramadan starts with the 1st sizing of the crescent moon. in some countries it will begin on saturday, last year in pakistan, it's likely to begin from april 3rd. as muslims prepare for spiritual
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matters, they are also concerned about a steep rise and food prices. in pakistan, consumers want the government to do more to keep their shopping baskets affordable . low latency loretta, yes. up milk, yogurt, sugar. everything is become so expensive. it's become so difficult to even manage 2 meals a day over. how can we afford this? the government must take action. that is that the government raises prices than the shopkeepers raise them even further. it must ensure the shopkeepers sell items at the notified rates. des moines, the shopkeepers do whatever they like, and the government must control prices in one minute. i'm thinking about what was on my mind on the less than the yet me, i'm not on the game, was in my life. i'm looking them in the markets. people are shopping, but they're also budgeting very carefully. according to official figures, inflation and pakistan was over 13 percent last month. a 2 year high milk prices
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have risen by 25 percent since november. as the consumption of fruit goes up during the fasting month, the prices rise sharply, but the rise is much steeper than in previous years. i need, i did like what if i, what about everything is being sold a 30 to 35 to 45 percent higher prices. everything is become more expensive by 40 to 50 rupees. ghee has become so expensive. how can we make ends meet the government? should have mercy on us, should give a relief package for us. there's nothing in utility stores. there are so many marts, but there is no relief which they never never enlarge. the limit they believe the people in muslim countries by new prayer mats, skull cups and beads to prepare for the month of fasting. but this year there are fewer buyers as middle class incomes across the muslim world are swallowed by food and energy prices. i'm joined in studio by amal dirt from
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d w's arabic service or more. thanks for coming on to the show. how different will this years ramadan look from recent ones? ramadan is a holy month for muslims around the globe. it's a month of payer, but also a family gatherings and the past 2 years there went able to, to have, you know, big family fees because of corona. so this year they welcome it with anticipation and excitement. but also they welcome it with fear and anger as economic situations in so many countries, especially in countries where miss them, communities are prevail and is, is making many families have to make difficult choices of whether to buy food or whether to buy other food, other supplies for their families is this seems increased some anxiety within families itself as they look at the holiday. but looking at the public communities, a muslim communities at large during ramadan. this is also affects sort of the social mood in many muslim countries. absolutely. in many countries, as i said,
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are facing difficult economy situations, crises, as one would dare to say. and families are affected by that entire systems economy systems around the globe as a result of covered and as a result of many other political upheavals are facing you know, high prices, inferno of high prices and families have to pay the prices for that many foods, or care or care is in some countries, and this is also effected by the global supply chain and by other war is taking place as in many parts of the world. none the less ukraine as well. right, of course we talked so much by ukraine, but as you mentioned, there were some other issues before this. you know, the situation is especially extreme in countries like yemen and syria, but also in lebanon. and egypt there were already economic tough times. does that mean now with the supply issues we're seeing because of the war and ukraine? this makes it even more difficult because many families, as i said,
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are facing the choice of having to cut down on food. and this is food is a major issue in ramadan at the read, for example, is a staple at so many tables. and now because of the war in ukraine and because of the food supply chain, but also because of rising prices of fuel, they're having issues in providing this basic staple at the, at their tables and ramadan. so this in addition to inflation and so many countries and in the inability of countries to control the prices and provide their citizens with proper welfare supports creates major problems for many communities around the world. all right, i'm all to of, from the w's arabic service. thank you very much and here's a reminder of the top business story we're following for you. united states added more than $430000.00 jobs and march, lifting its unemployment rate to 3.6 percent. nearly the same levels before the pandemic. a strong uptake comes as coven 1900 cases fall around the country.
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that's it for me and the dw business team, you can find out more about these and other stories online. d, w dot com slash business are also on youtube or the dw news channels to watch to the point. strong opinions, clear positions, international perspectives, a shimmer of hope. the dreadful boy you crating, the russian side committed itself. so pointing back, considerably military activity in to you crazy and help a step in the right direction. find out what my guess say until the point. sure. to the point. next on d w. a man with the memories of
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a woman. so ali from syria is born in a female body, forced into marriage, great, far from home, ali can finally become the person. he's always wanted to be a little disparate badly. oh, in the 3 for that. and we'll go through with it. i was born in berlin, in 45 minutes on w. o. she sleep. ah, listen carefully. don't know how with to the a girl. ah, feel the magic discover the world
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around you. subscribe to d w documentary on youtube. it looked like a small but perhaps significant breakthrough in efforts to bring an end to the fighting in ukraine that talks in the turkey city of this don ball. the russian side committed itself to scaling back considerably military activity in 2 ukrainian held areas. a step in the right direction. well, western intelligence services are urging caution. after all the merciless russian bombardments of many targets across ukraine continues unabated. so on to the point, we ask his son, bull pledge.
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