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tv   Business - News  Deutsche Welle  April 20, 2022 4:45pm-5:00pm CEST

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him chelsea delaney welcome to the show. a measure of inflation for german businesses rose at the fastest pace ever recorded and data going back to 1949. producer prices serge, nearly 31 percent in march compared to the previous year. according to the german federal statistics office, that's largely due to energy prices which have surged image amid the war and ukraine. natural gas prices jumped nearly at 145 percent. will cost for a broad range of products from wood to vegetable oil. also world sharply. the data suggest businesses will have to raise prices further for consumers and the months ahead. now, as well as driving price increases, the war is also disrupting the flow of migrant workers. throughout europe, take the polish construction industry which has long relied on ukrainian workers. many of those workers have now returned to their homeland to help the war effort. early in the morning at a construction site in warsaw,
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more than half of the construction workers and poland come from neighboring ukraine . and the wars also closing disruptions on this side of the border. zollycoffer, like all the young craniums who've been working in poland for a while, the mom of on the minds with dish. and i'm wondering if i shouldn't go back to ukraine to help out as a routine that i your small words. what i have always on that, and i have a child here. i and leaving them alone in a foreign country doesn't feel right in them. could i use both the spot to chill the gurgle? i believe the, according to estimates a 3rd of the 370000 ukranian construction workers have left poland since the beginning of the war. the construction company nolan employs 800 people, including about 500 ukrainians and the importance of labor from ukraine for the construction industry. and poland is enormous. for our company,
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it would be difficult to get orders because employees will be missing. the more people leave less skilled workers will be available for the project calling up to notting. after 2 years of the coven pandemic, the construction industry had hoped for an upswing. they're almost finished on this construction site. but the spring construction season is just getting started. and i know that everything is still good here, but my colleagues report that up to 40 percent of the workers are missing on their construction site projects that were supposed to start. now i had to change their schedule because the sub contractors don't have enough employees. that doubled up as my hopelessly i'm not going to the, not the new version on that. but that's not the only problem on polos construction sites that can upset of the cost of materials has risen by
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an average of 20 to 30 percent since the beginning of the war wind. but for some building materials like steel, the pricing produces even greater from 100 to 150 percent. it's getting really expensive when you put up with them due to the war in ukraine, the u. s. imposed in import van con goods from the russian iron and steel sector. the shortage of labor combined with economic sanctions against russia, is becoming a problem for ponds, economy, and throughout europe. now as the war and ukraine goes on in russian forces, leave a trail of destruction. the european union is planning to establish a fund to finance reconstruction with the war. far from over the u is not yet discussing figures. brussels has reportedly told even vaster is that the figure could reach hundreds of billions of euro's over decades. so far support for ukraine has been distributed unevenly. that's according to new data from the keel institute
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for the world economy. it shows that the united states provided 7600000000 years worth of military and humanitarian help. this is for data going through the end of march to compare all you countries combined have contributed 6300000000 euros. that includes. euro's is about 1400000000 years from you institutions and 2000000000 euros from the european investment bank. other big donors include ukraine's neighbor, poland with 1000000000 euros. estonia has given about $200000000.00 to very generous amount as that it represents 0 point one percent of the countries gross amount of domestic product far more than any other country. now, maria de merits. this is the deputy director at the google thing tank. she joins me now where you thank you so much for being here. so we just saw a chart showing will look like the u. s. far up,
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pacing the you in terms of military and humanitarian aid for ukraine. what do you make of that is the you doing enough? not doing enough. well, ivan, as you said yourself collectively there you has given number of amounts of money that the numbers at least are comparable to the u. s. i think perhaps the most interesting comparison is to compare the, the numbers in terms of g, d, p. and as you said elsewhere early in the report of the store, estonian and countries that are actually closer to the border to ukraine have given aid, which represents much bigger percentage of g d p. so, you know, it's only understandable the countries that are very close to the ukraine and therefore also are suffering the most would be the ones to pick up the bill in order to make them better the most effort. so i think it's important to understand the distribution of the burden at the you. it was more can be done. i'm sure i'm sure there is more that can be done. and a, you know, we are trying to progress in their way that we understand the how to do the war
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we're develop before the you can decide to want more help. it can give. so we're sort of talking about the short term here. but in the long term, e leaders, leaders than in washington right now for the world bank meetings are, are all discussing reconstruction of ukraine. what happens after the war is over? who has the responsibility to pay for this? while i was, so was russia, i think russia is the 1st country will be on the line to help reconstruct ukraine, and there will be different ways to discuss with us. and of course, this is mary premature to talk about this things before the end is over. and why the war atrocities continue in quite the way that we see them. and let's start with the numbers there's, there's a few estimates out there in terms of what it will cost. and again, these are for rough estimates because of the, obviously the number will increase as the war continues. and we're, we're hoping for a quick ending to the war and, but in the 1st systems are coming in, are talking of destruction to amount of between 20500000000000 in the current war,
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depending on when the war ends. but they're also estimates that go beyond that if one were to allow for the destruction that happened to ukraine in previous years, in the previous war. those numbers go well above the one trillion euro. these are huge numbers just to give you as offer a scale away away from the sunny the scale. the pandemic held that the you gave collectively to its countries, amanda, to 750000000000. some of it was grant, about half of it was in the form of grants, and half of it was in the form of loan. so we are talking comparable numbers that the ukraine will need to find in order to be able to rebuild the country. and as you say, who is responsible for that? i mean, i am sure they, you will be a extremely keen to help in all ways that it can. but as you can imagine, these numbers are big. in any case, before the end is over, it will be before the war is over. we will, we will have to wait and see. just briefly, if you can. i mean,
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what do you see that use roll being and reconstruction their proposals floating around now and what, what would that look like for the you potentially i think the most important thing in the context of the e use role will be a ukraine or desire to join the you, i think that's going to be perhaps the big things you can do for a union can do. you claim it will be to consider to seriously consider ukraine becoming a member, because that is for the long haul is really anxious to ukraine in the, in the values of the systems of the you. there are conflicting views when it comes to that a showing you a half of that to, to help not posing sides of the argument and show that you know, it will be very difficult for you to expand the others. see a very clear role for the you claim coming in also as a way of a job politically you and that is to prepare for future threats. maria, to, that's us from the verbal thing. thanks so much for joining us. now to some of the
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other global business stories, making news, new car registrations continue to fall in the e. u and march 20 point 5 percent fewer new cars were sold compared with the same period last year. the decline is mainly due to supply chain disruptions, which have been exacerbated by russians. invasion of ukraine, masked mexico senate has passed a controversial bill to nationalized, lithium mining and extraction. the law will give a state run company exclusive rights to mine. let the n a mineral crucial for electric car battery smartphones and other devices. such company does not yet exist and the mexican government has no experience in mining. lithium, netflix share price plunged 25 percent, and after hours trading after it announced a net loss of $200000.00 subscribers and the 1st quarter says it expects to lose $2500000.00 more. and the current quarter netflix thrived during the pandemic, but is now losing out as households grapple with rising inflation. italian
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government officials are visiting the republic of congo and goal or this week to pursue deals on natural gas supply. and we recently struck agreements with algeria in egypt, as it looks to reduce its dependence on russian energy. now the global search and energy prices has accelerated renewable energy commitments. but many countries are also increasing investments and fossil fuels that are currently in short supply such as the case in north macedonia, which has delayed its plans to phase out coal. the solar panels are part of the also may power plant, but it's not all green energy here. the plant burns call as well. the government intended to replace coal and other fossil fuels with renewable sources. but for now, it's stepping up the use of call in response to soaring energy prices
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with a start of the energy crisis, not just us, but all nations in europe immediately increase the production of electricity from coal because it's the cheapest and the most secure. nice, nice couple nicely will nearby residents are dismayed to learn that the plant will burn more coal near the nipple should not be open another day. the sooner they close at the better were powerless to go out and protest. this is even worse than during communist times. say to what was my guess and money's north macedonia government originally planned to phase out coal by 2027, but recently pushed the deadline to 2030 officials of cincinnati plans to open to new call. mine's been environmentalists say leaning on fossil fuels is not the answer because jason is one of the pillars of the green agenda and we submit the plans for a coal mine. this is the unacceptable north. macedonia was once
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a front runner and attracting renewable energy investors. but surging wholesale prices, low inventories and rushes invasion of ukraine has sent energy prices soaring. now it's just one of many countries scrambling to secure its energy supplies. and that's our show from me in the business team here in berlin. thanks much for watching you again. ah ah, with
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now, ah ah, this is here. we news line from berlin last stand in money who bought ukrainian forces defy a russian ultimatum to lay down their arms. this could be our last appeal of our lives. we may be facing our last days, if not ours. the enemy out numbers as tend to want. the cities defenders vowing to fight to the very end as battles, rage across east in ukraine. and the criminal spokesman says.

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