tv Business - News Deutsche Welle April 15, 2022 5:15am-5:30am CEST
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whether azalea, ukraine said its missiles hit the ship, causing an explosion and fire all $500.00 crew aboard the vessel were evacuated. you're up to date after the break business news with robots and remember, you can go to our website one, use d, w dot com. i'm to them your logical for myself and the team. any thanks for your company. ah. guardians of truth? exiled turkish journalistic john don't darn. i have paid almost every price of being a journalist in a country like to key. and mexican investigative journalist on bellman. this is, are you every day the government thing, mom, she's in the, in the country soil to find out the truth. they want to kill me and they try many
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times facing with a gun can change your life, wants to know what is happening, their guardian, the truth starts may 3rd on d, w ah l on musk nerves to take control of twitter space x tesla founder does offer to buy the platform outright and turn it into a haven. a free speech will get reaction. wall street and the european central bank continues to tip toe around raising interest rates will ask the world bank if the e c. b is being too timid. assisted every business. i'm a box in berlin. welcome to the program. a lot ask wants to take the twitter
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private. the pester tycoon has offered to buy the social media company and turn it into the world's free speech platform as he puts it. he's also suggested he'll sell his existing 9 percent stake in twitter if his offer is turned down. most himself is a keen use of the social network and has more than 80000000 twitter followers. but he says twitter needs to be transformed and that he can unlock, it's extraordinary potential. but let's get more on that from correspondence in neil kim's call to youngs, just to get through exactly what it is. the muskets proposing young clearly to crazy weeks between twitter and muska. musk basically wants to take twitter private meeting, also taking it off their stock market and was that twitter would not be
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controlled. tor actually must could basically do whatever he wants with twitter, but without any influence from regulators like the fcc also from investors or board of directors. so that's pretty much the planet mask him, hinted that he does not believe that the current management will be capable of turning a twitter around. but taking the company private. what do the trick it was, the reaction being from the existing management and the cost from the shareholders? well, i mean if you look at other shareholder, so for example, another big shareholder is the saudi prince of elite and t per twitter actually commented that he believes that the price that mask is putting at the table is not high enough. i mean, we are talking a good of $54.00 per share. the company or the stock price of twitter last year
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was at time so well about for $70.00 a piece. so it could not be high enough. the reaction on wall street was also quite interesting. initially the stock of twitter went up, but by the end of the training session, the stock went down. so there they are, obviously a lot of question marks them. if this offer, we will go through also what to regulate us might have to say like this, but this saga and between a twitter and ilan mosque obviously never ends. maybe one final word to the stock of tesla because yes, you know, mosque is the richest man on the planet. he has a wealth of about $250000000000.00, but he doesn't have that money on the bank account. so if he wants to buy a trigger, he probably would need to sell some test last year. so to get the funds said to purchase twitter and therefore the stock off tesla also traded to the downside in the thursday session. okay. and quarter in new york for us. thank you. mustang and
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the u. s. and nothing moves the world's largest economy like gasoline prices, the surge of recent weeks is sparking frustration and already leading to political consequences. that's true. in particular, in california, the state where the nation's highest gas prices nothing says l. a better these days then? well, this forget hollywood, beverly hills, movie stars and oscar. los angeles is about traffic jams, about wasting time in your car, which also means wasting precious and very, very expensive gasoline. ah, there's something about a high gasoline price and you see it on the marquee. and you literally can see visceral reactions. we are in a high price environment. we have a moment globally that i don't have to tell any viewer out there is, is unlike any other that we've seen probably, and 40 or 50 years, right?
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the world out there, rush us war on ukraine, oil market volatility, supply chain issues, supply and demand squeezes. all that is adding to the existing misery of filling up in california. when you go over 5 or $6.00, it hits people in the pocket book and it's really difficult. it affects every single consumer, for millions of commuters in and around los angeles, escaping the snarling highway traffic is one thing. waiting in long lines at the local discount gas station. to shave off a few cents per tank, is another. other things in life have to get sacrificing or that means smaller meals or shorter trips. maybe we even have the skip like a vacation. it takes right now about $200.00 to fill up my car. it's not gonna let get entered california governor gavin newsom. the governor wants to hand out debit cards worth $400.00 to every reform you own your car,
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the prize tech for that idea. 11000000000 california tech surplus. this however, is only a temporary fix, not a solution expert, say in fact, it seems almost certain that high gasoline prices are here to stay worse, that they will increase that to look at some of the global business stories making the news present. she, jim, paying has emphasized that china must stick to it. strict, 0 covet policy and things. speculation that current pandemic measures could be relaxed. large cities, including financial hope. shanghai are under strict, locked out for the growing impact on the world's 2nd largest economy. and the international monetary fun plans to raise at least, $45000000000.00 for a new trust to help low income and vulnerable middle income countries. them, it challenges like pandemic and climate change. i am a head crystelina guilty. ava says,
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the goal of the trust is to redistribute funds from wealthier to more vulnerable countries. as members look to support global economic recoveries. now the european central bank kept its key interest rates unchanged on thursday. the cb face is a dilemma with your resign inflation. it's in a record high of 7.5 percent in march. fuel and food prices are surging and supply chains remain snarled up. but the u. s. has taken a different path to the c b raising rates twice so far this year. so why the imbalance in a purchase? i asked common reinhardt from the world bank, whether it's down to disagreement, or how long the inflation search will last. i think the federal reserve definitely started out with the narrative that it was all transitory s. b, the e. c. b has clung to that view for longer than the fed. i think the fed basically
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started backing away from the, the narrative of temporary ness. so certainly at this conjuncture, it, it does seem way behind the curve to be, to be making arguments on temporary. and i think on your core question of why our central banks, timid, ah, to race rates. well, i think we are in a situation where there's, you know, sufficient more in europe at the moment than in the u. s. uncertainty about this, the durability of the recovery. i think we live in a world in which there's a very high level of public and private indebtedness. so i think central banks have become more timid about raising interest rates, certainly than about lowering them. something that the city is keeping an eye on is this prospect of a sudden stop to oil and gas supplies from russia. is that
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a prospect that concerns the world back? i think it is certainly a prospect that, that, that i think it concerns everyone who could certainly concerns a world bank. the world bank, of course, is very preoccupied with disruptions and commodity markets because they are wreaking havoc on a great many developing countries in emerging markets. these, these disruptions are being manifested and enormous. no impact, especially on the, on the poorer segments, you know, price hikes, of food and oil or, or about the most regressive kind of shock. so certainly the, the world bank is very concerned about the commodity market implications of, of, of, of, of the conflict. ok, common reinhardt,
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senior vice president at the world bank. thank you very much for taking the time, speak to us. thank you. believe western sanctions ravaged, the ruble, and nations turn away from russian. oil and gas russians are need of alternative investments. goes as long provided a safe haven and risky times now is no exception. jewelry stores in sudan are doing well. the north east african country is suffering from the consequences of a long civil war. and gold is seen as a safe haven and on certain times, it's natural sudanese, people buying the precious metal. the russians are also buying on a grand scale, not a jewelry stores, but directly from sudanese mines. according to local media reports, a russian gold rush could be a hedge against western sanctions. the price of the precious metal has gone up around 10 percent since the start of the war. the russian central bank currently holds around $2300.00 tons of gold, the 5th largest gold hoard in the world. no country has bought as much gold rush in
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the last 10 years, according to the world gold cancel of selling gold is becoming more and more difficult. london, the world's largest gold trading center, has suspended purchases from russia because of the war and ukraine. there are, however, loopholes, other trading classes in china, for example, or india. the russian central bank does not need to sell the gold yet. the kremlin could use its gold holdings to guarantee deposits at banks, which suffer from western sanctions. the share of gold in the countries foreign exchange reserves is at 23 percent, which is very high. china comes in 2nd, followed by japan and germany. much of russia's foreign exchange reserves are frozen because of the war as part of the sanctions. the growing stock of gold has given moscow a little more independence from the u. s. daughter on the euro. but gold is heavy and difficult to transport. you cannot pay for everything with it. decipher
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reminders to talk business story. we're following for you. this allen. ellen must cash offer to buy twitter test to tie. karen also suggested you have to sell his existing 9 percent state in the social media company if his offer was turned down now. so for me and the business team here in berlin until next time, like is the end of the pandemic in sight. we show what it could look like, a return in the normal and we visit those who are finding it difficult with successes and you know, we're weekly coping 19 special ed, $910.00 special next on d, w o the holy settle car of jesus christ in
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