tv Business - News Deutsche Welle May 12, 2022 8:15am-8:31am CEST
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that's the decision, but success of thought of these amateur athletes say boxing clears their head and keeps them ready for whatever lies ahead. a beck's his business use. we'll have more headlines next hour. you can also get the latest on our website, d, w dot com. and twitter at w use. i'm been fas all and thanks for watching. and then jasmine, which d w at any time, any place losing video november we have like a set of films to sing along to download is the combo
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t from super munsey often use of doing for tie have varied courses, cliff, into active exercises are available at d, w dot com slash don't plan on facebook. oh, in the lamb gym and for free with the w ah, it's joe biden's top domestic priority. he says, but can he bring us inflation to heal any time soon? new figures show little sign of a lead up with prices for energy, groceries, and used cars. continuing to rise, we'll get the latest from new york. also on the show tie wants economy faces the shock waves of rushes, war and ukraine, as well as renewed worries over a chinese invasion and will visit our mania to see how a small country in the call cases of the bene, from russia's brain drain. hello,
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welcome to the show. i'm seeking beardsley in berlin inflation the u. s. tip slightly in april, but the overall trend of climbing prices showed little sign of retreat. the annual rate of 8.3 percent for april is just slightly lower than the month before, which itself represented a decades long, high. and yet it's the 1st dip in price growth over the last 8 months. despite that good news, the high rate of inflation is putting pressure on average american families with gasoline prices at record highs this month. you as president biden described, inflation as the number one threat to the u. s. economy saying his administration is focusing on solutions. the bottom line is easy, easy, least bottlenecks and making our supply chains more secure is a major focus of my economic strategy. so things move more quickly. prices go down, not up. you know, some parts of my plan. i've been able to get done on my own. i mean,
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just about congressional prove some parts are being held up by congress. all of my plans focused on lowering cost for the average family to give them just a little bit of freedom. or let's go to our finance, corresponded james sweeney in new york. james inflation slightly down, but this underlying dynamic seems unchanged. to put this figure into perspective for us. alright, here's the simple answer. inflation has not changed. yes. it's from 8 and a half percent in large, but 8.3 percent still keeps it at its highest level and more than 40 years, this inflation rate is kind of like me handing you a beer in a cracked glass. and thing it is. glass is a lot better than that. shattered one over there because inflation did slightly is an april, but that it is enough to make a huge debt. it did not. i remember this data was for april, it's may right now. and if i showed you current poultry, fish, meat and gasoline prices across the us today on may 11th, i think anyone with simple math skills will look at that report and say,
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this is not true. we just heard biden say that easing bottlenecks securing supply chain, that these are the answers. what does that mean by this? well, there's 2 answers to this. one is, does he even know what he's discussing? because president biden said that some parts of his plan. he's got done without congress is help. all right, so what is his plan? his plan is focused on lowering costs for the average family in america, just to give them a bit of breathing room, as he says, will speak to the american consumer and ask them the prices of ease that all this year. and then ask them if they have more breathing room with more disposable income and the response you're likely get as this you want an answer? pay me for my answer. i need the money that's number one and number 2 button is talking about easing bottlenecks and looser supply chains being fixed while we're doing on one and a half years of his administration being in power and has the worker shortage improved has inflation, is are there less cargo ships off the coast of california has transportation costs been lowered, have wages increased, has the grid of cargo ship owners holding precious cargo. hostage for ransom been
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punished? have the hours of operations at ports increased? the answer is a simple no, and the president has said easing these bottlenecks and making our supply chain or secure is a major focus of his economic strategy. we'll take those questions. i just ask ben easily answered. and i think anyone, again with the brain and simple math skills can conclude that if biden's economic strategy is working well, it can't be working and the markets know this. and that's why, despite a slight ease in the figure this month and inflation, the dell took another one percent fly today. all right, james, when you in new york, thank you very much. and let's go to the some of the other little business stories making headlines. baker france governor francois is the latest e c. b member to assert that the european central bank will start raising interest rates this summer. inflation of the euro zone reach the record high of 7.5 percent in april. you see the president christine regard, as also suggested a hike will happen sooner than later. japan has passed an economic security bill
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aimed at guarding sensitive technology. the measures will stablish a system for secret patents to avoid foreign nations stealing innovations. especially those crucial for national security and also allows the government to vet equipment, procurement, and industries such as i t finance and energy. and it growing tensions with china or dan as chief financial officer, jorge gomez announced his departure from the roll just a single day after taking charge of the move came as his former employer didn't supply serona disclosed an internal prob, related to financial reporting. the biotech giant montana has tapped, retired cfo david molina to take over until her replacement is found. ukraine has stopped transporting russian gas through part of its grid. the 1st such stoppage during the war hobbs close to the russian border, currently controlled by separatists. according to gas t s, so of ukraine, it handles about a 3rd of the russian gas shipments to western europe. recent reading suggested
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russia was able to divert much of the gas from that hop. there are more than 7 and a half 1000 kilometers between the embattled ukrainian city of mario pole and taiwan capital, taipei. and despite the geographical distance to warn you, crane and the subsequent sanctions imposed on russia are hurting the time when he's economy. here's the w, zachary lea, with more talking to over his client's, despite being far from the war in ukraine. larry waste company, one of ty, once largest machinery manufacturers, is effect t j. so we cancelled the order from our russian client due to the sanctions. i hope this is only temporary, so there are also problems with cash flow and logistics. so the wall, his disrupted global supply chains, and there is hurting waste business. we thought woman shall order mother,
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for example, the shipping of a computer control special engine we bought in europe has spend elaine. she is using this one has an impact on our production and machinery manufacturing of them to do so. so tongue, who hasn't the engine? larry is not alone. 70 intent. high one is firms have difficulties collecting outstanding death and now face the quantity issue. there's also higher gas prices and inflection companies are paying more that a town i don't want miss. taiwan is highly dependent on imported energy. i think i need to import oil and natural gas. so when the price goes up they, of course, the impact on taiwan is huge. and it's not just the ongoing economic challenges rush us invasion of ukraine has re ignited concerns of what a chinese invasion could mean. while most locos don't believe it could happen any
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time soon. potential effects up becoming clear. java powered or you can, if tie, once chip factories are unable to produce the world production chain wouldn't stop all and our lives. are your go blogger, i'm tired, or she can get you a lot of a lot of things that i, a chips will be effective up your info. i one dominance no was production of semiconductors. you produce this moly, half the war chip using, causing flows. and the single company, yes and the next to me next, 92 percent of the most sophisticated designs in attack by china will cut off essential technology co good in human capital. but it's not something most and sharpeners in taiwan, including larry way a will read about. they are still increasing their investment on the island. and they don't believe china were embed taiwan. moscow's invasion of
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ukraine has drawn the ire of western nations and their allies is also spurred some russians to leave the country either out of opposition to the war or out of concern . the sanctions would make doing business more difficult. a year of on the capital of nearby armenia is among the places looking to capitalize on russia's brain tree . just a few months ago, kiera cruz mango and her family were living in moscow. but after the russian invasion of ukraine, her life completely changed. feller forest of little credits. so would assume it became more difficult to be in russia based on the situation after february 24th. ah, but our little bit of witches, for many reasons, morally, it was difficult, but also business really began to suffer like her recruitment agency specializes in i t and has lots of foreign clients. but after the west began imposing round after round of sanctions targeting the russian economy and banking system,
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it became clear that many clients would be technically unable to pay her label. but we had an unambiguous choice because i didn't have a foreign passport then. and with a russian passport, you could only enter armenia, where you could thinker kira and several colleagues now live in the capital yerevan, where they have rented a home and set up shop. again. armenia is a small, landlocked country in the caucasus region. and government officials see a possible russian brain drain as an opportunity to beef up its economy. 520 companies were registered in armenia by russians in march alone. but made him no, you gotta that buddhist as a on the world to do euro, many cities that are competing for talented people. so, but he took a like a 0 and we believe that this influx of talented people into armenia greatly increased the competitiveness of our economy. academy is zillow, with sure,
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give us a greater impact out on the world stage re gusts. government officials estimate that nearly half of the 150000 russians who came to armenia in the 1st quarter of 2020 to intend to stay creating new homes and new businesses in the former soviet state. and finally, apple is saying farewell to the i pod, a device that up into both the music and tech industries more than 2 decades ago. the technology jain announcing the current ipod touch will be discontinued. the ipod has undergone several iterations since its inception. first one had a scroll wheel and a capacity to store 1000 and songs. the latest version was launched in 2007, same years the i phone. but it seems that the phones mass of success has now ushered in the end of its popular 4 runner connect. right now i want to call alba. here's a reminder the top business we were falling for. you. inflation in the us dipped slightly in april with the annual rate of 8.3 percent just slightly lower than the
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month before you, as president biden describes inflation as the number one threat us economy saying his administration is focusing on solutions. that's it for me. in the d w team, find out more online at d, w dot com slash business. we're also on youtube or the dw, his gym, ex watcher suit legal in germany, cannabis legalization will for millions into germany's government. europe is watching the country's 1st steps. the obstacles of the bureaucracy and the security issues. how legalizing marijuana will become an industry worth, 1000000000 made in germany. next, on d, w o,
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the international region in ukraine size and some fun teams from the world. we stand, eyes fighting against continue. we a company come from south america and sondra from new. we've been a lot of bombing down on the lead to the front return answer. focus in europe. in 60 minutes on d. w. ah. with a real natural spectacle in an improved world. ah, the meeting of the loom will a remote island of st hulu.
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it is a testament to the quality of the waters. one of the many success stories, bastion of biodiversity, stores may 20th on dw hm. ah ah ah, ah, the solution to europe's energy problems may well come across the seas. huge ships filled with liquefied natural gas could sail to the continents rescue ending is dependence on fuel piped from russia on this week's mate will look at how government, like germany's.
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