tv Business - News Deutsche Welle April 21, 2022 12:15pm-12:31pm CEST
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for you, chelsea delaney will be here with all the latest on the business front. of course, you can catch up on all the latest news and information at any time you want. on our website, we got lots all the war in ukraine. that's d w dot com on terry martin for me and all of us here at the w. thanks to watch with not just another day. so much is happening all at once. we take time to understand this is the day in depth look at current news, events which analyzed by experts and critical thinkers. not just another new show.
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this is the weekdays. on d, w come have a peak of this, t v highlights you every week in your in box, subscribe now. ah, ah, the world biggest food companies raise prices, and one of more hikes ahead for consumers will take a look at how the food crisis is hitting the world's poor. and 9 years after the collapse of bangladesh, garment factory shown a spotlight on the industries for conditions. we'll look at whether anything has changed in the country. and italy does deal with angola as it seeks new natural gas suppliers. and it's quest to ditch russian energy. chelsea delaney welcome to the
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program. major global food and beverage companies are increasing their prices and surgeon, commodity, and energy cost. with the giant nestle that in boosted price is 5.2 percent. and the 1st 3 months of this year, the company warned that further price increases will be necessary throughout the year. to known a has also warned, a further price increases, rushes worn. ukraine has exacerbated inflation by cutting off key exports of grains and oil from the region. it's the latest sign that inflation, which is heading as record highs in several countries, will continue to affect consumers and the months ahead. now, skywriting prices are heading the world's poor. the president of the world bank has warned that the world could face a quote, a humane human catastrophe, as people struggle to afford enough to eat. in the heart of when his iras crowds are lining up at the soup kitchen, some are regulars. here others are 1st timers driven by an economic crisis with sky
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high inflation of 50 percent. the government has been paying a one time granted around a $160.00 to the poorest, but it doesn't go far enough. we feel colossal, but hopefully we be able to make the most of the grant mostly will use it for food . when the government provides age, we always stock up on food that doesn't expire quickly so that we have something for the future. alberta, what am i good way that i going to tell me what can you get with this grant 3 boxes of milk and those with newborns. 2 packs of diapers. obviously it helps, but it's not enough. oh, you're going to see. welcome to i was, i am f managing director crystelina gilba said the war in the pandemic or a massive setback for the global economy facing she insisted g. 20 countries must continue to cooperate, to deal with pressing problems. accelerated inflation. it has become a clear and present danger for many countries. rising foot and kill
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prices are straining the budgets of ordinary families to a breaking point. meanwhile, the world bank, working closely with the i, m. f, is forecasting a prolonged crisis. one of the key transmission mechanisms is the shortages of food, of energy and fertilizer. these are the fertilizer and energy are critical for the crop cycle. so they're building on each other and creating a food insecurity crisis that, that will last at least months and probably into next year. finance officials from the us, britain and canada, walked out over russia's participation in the g. 20 meeting to address the headwinds. confronting global growth, resolving the food and energy crisis remains a major challenge as long as the war continues. now it's been 9 years since the
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rana, plaza textile factory claps and bangladesh leaving over 1000 people dead and many more injured. the accent exposed the dangerous working conditions for bangladesh garment workers to the rest of the world. our next report looked at what has and hasn't changed for garment industry workers in the years since the disaster just outside the bangladesh, capital de carr stands, one of the newest and most modern textile factories in the country. it's run by the beck simco company. here, 40000 employees make jeans from major brands supplying the u. s. and european markets. everything here is cutting edge. the factory has been built from the ground up after the company had grown the old building. a disaster like ran a plaza on thinkable here. run a plaza was one horrible memory which sort of happened live on lavish learn from that and change. the answer is yes,
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the malady issues who from the point of view of civil safety, electrical safety, fire safety are the safest in the word. worker protection laws also improved in bangladesh after ran a plaza. all the worker rights are still an issue in many places. not a big simco, a popular employer problem they're asked is, are gone. akron bought are working conditions and developed a lot now law compared with the situation a few years back by about this with, with my current salary. here i am living a very decent life policy. i'm really lucky, paula. but things are different in many other factories. despite blank dish adopting international laws meant to improve working conditions. the problem, some of these laws leave loopholes that are often abused according to union leaders
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. and what the idea would do as a battery, there is a termination law in our labor law in this and locked out according to this lock. if the employer can terminate any worker at any moment without cause, we even if the factory had profitable order and have sufficient work orders in hand, school decide it won't change. so weak there. garcia, hollow ah, bangladesh is the world's 3rd largest textile producer. but low wage is our big factor behind, the business will continue to be strong. and while workers are better protected than they once were, there is still plenty of room for improvement. hannon michelle. as a documentary filmmaker at rainbow collective in london, he joins me now. and then you've spent years interviewing workers and bangladesh garment factories for your documentaries. oh, from your perspective, what has changed since round of plaza? oh, well, kelsey, thank you for having me. first, let me think that has changed. we've seen the fire and building safety record,
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which was fine, my 190 branch. i'm 1600 crews and around. i think around 9 unions have joined it as well. so that means you, you've got a group called and get to factories and grapes to check for 5 and building safety, which is a positive thing. but one of the things that hasn't changed is the condition of the work because i think, and i think you, we've seen slight improvements. we've seen that they have improvement in the minimum wage. which of the moment the last. so my check was $94.00, which is current, which is still really low for the amount of hours that they're working. and so i think that's one of the biggest issues to me. so the level of exploitation that's happening, countries on the dash is, is still quite high and i'm because the page so low, they're still like they're still happening to go into work even when the conditions
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are the palm trees aren't great and it was great to hear one of the fact that was that was in this, in this report, when not yet are in the old factories, unlike that, you know, especially when you're coming to the more rural areas. they're not going to be as equipped as those factors. you know, and i've been covering this the dom well, because they're, you know, that fight for fail rages go back condition since 2010. and now i'm still hearing the same stories about doing the recurrently doing a documentary with work has been under that. i'm 3 lunch and the stories are still the same. you know, thing forced to go into work when you and you don't want to go and being forced to do extra hours when you don't want to do the extra hours. getting into trouble for taking time. the only positive thing that i've seen almost 1 o'clock,
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is that we're seeing more records being unionized than ever before. so when i was doing these documents using 2010, you know, you one getting, as many work has gotten united because they were there was a fear to get and you and i, because what would happen was, was the fact things with you and things like this but yeah, that's just some of the things that i think. so that's the condition still seem to be quite bad for a lot of workers there. this is a system that obviously benefits western brands enormously. what they've done to improve conditions for workers just briefly if you can well, i think, i think 1st, you know, they signed up to the record. i think you know that them giving, you know, giving themselves upon the back. but i think personally, i think the western brands, what they, what, what they need to really do is check what, how checks how these factories are operating on a regular basis. they need to be going to the night creams, do sport checks,
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and see and talk to workers and really find out what's, what's going on over there. because at the moment it's kind of like just, you know, that, you know, they're giving these orders from a distance and they're not really see what's happening over that. i'm so and, and the other thing is that they're not really paying what they need to be paying so that every one of you getting a fair fair wage. when you go to any of the stores, like primal, re read like these, they have the big billboards up saying that they're doing things like this. but when you talk to people on the ground, it doesn't. it doesn't seem that way. so a lot to do, and i measured a documentary filmmaker in london, thanks so much for joining us. thank you. now to some of the other global business stories making news. tesla has reported strong earnings for the 1st quarter of 2022, beating expectations by around $1000000000.00. it's largely thanks to sales of u. s. regulatory credits the company gets for making electric vehicles. however,
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analysts said the shanghai locked down which closed tesla's plant there could hit the car maker 2nd quarter earnings. more than half of brazilians have cut their consumption due to high inflation. a new study of the brazilian confederation of industries publish this week shows that 15 percent of the population have cut their consumption of gasoline completely. and 31 percent are eating less. meet brazil's registered brazil registered its highest inflation rate and 28 years and march german exports to russia have collapsed since we started the war and ukraine and march, they fell by 58 percent year in year or around. 1000000000 euros. to plunge means that in the space of a month of russia has fallen from 5th to 12 in the list of germany's biggest export destinations. now, italy has struck a deal with angola to increase natural gas and ports. rome is rushing to find new suppliers to replace russian gas, which currently makes up about 40 percent of its supply. the country hopes to be independent of russian energy within 18 months. this is
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a big deal for both angola and italy. the eels, 3rd biggest economy wants to replace russian gas, which accounts for 45 percent of its supply. the angolan foreign minister called it a strategic partnership is italian counterparts says it's a win for both countries and stress their corporation on the other vital issues. female, willful, blah, blah, but it's really been we also dealt with major international affairs issues. in particular, the effects of russian aggression on africa's food security, which is severely compromised, especially in relation to wheat supplies, would love, would love the conflict affects everyone. and no one is excluded with deep missiles . this trip, however, is really about getting italy independent of russian gas. last week, rome struck agreements with algeria and egypt. and now italian officials, i headed to the republic of congo as they increasingly pinned their hopes on africa,
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becoming a major energy partner. and a reminder of the top is the story we're following for you. this our, the world's biggest food companies are raising prices and good surgeon, commodity, and energy costs are precious warren ukraine has exacerbated inflation by cutting off key exports of grains and oil. and that's our show. thanks for watching the phoenix time ego india. it once was a bio diversity hall, scott lake billy, cat in southern india. but pollution and climate change have destroyed the rich ecosystem. yet people keep going out of desperation. although notice denying, oh, i don't want to let out. when i went to law, limited the melody movie on, on the one with what's altitude, do they have the next on d, w. and what secrets lie behind these was
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