tv Business - News Deutsche Welle May 31, 2022 11:15pm-11:31pm CEST
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back in hollywood, in the studios, judging by the internet's deb strategy has worked. social media users have overwhelmingly shown him their support, while many have engaged in campaigns to discredit heard. thanks for watching. ah, with people in trucks injured when trying to flee the city center. more and more refugees are being turned away at the border families, please see the reason for these correct only is with administrative people fleeing extreme ross getting 200 people in june around the world. more than
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300000000 people are seeking refuge. yes. why? because no one should have to flee make up your own mind. d. w. made for mines with ah, the white house gets ready to battle, rising prices with inflation and rates not seen in decades. president joe biden says, kate, keep tackling it is top priority. and after the great resignation, the great job hunt here, how americans quit during the pandemic are looking for new livelihoods. i'm here that are welcome to the w business. us prevent joe biden says fighting inflation is
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his top priority. he has been meeting with federal reserve chair jerome powell and treasury secretary janet yellen at the white house to discuss how to tackle inflation, which is at a 14 year high of over 8 percent. biden assured power that he would have freedom from political interference. the fed as expected to raise interest rates to ease price pressures. revolution for more, let's bring indians carter in new york. yes, inflation is a big issue in the u. s. what has president biden been saying? well, and actually already on the monday there was an up at in the wall street journal from the president, and he outlined a couple of ideas, some how to bring inflation down at 1st of all, he mentioned that it's the primary task of the federal reserve. actually to help with inflation, but clearly he can put too much pressure on the independent board. then he had some
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and other ideas that he mentioned, for example, when it comes to gasoline prices. so all prices in the united states that he already opened up the strategic a reserves. well actually that hasn't really done the trick. i mean, prices haven't used at all in the past couple of weeks and, and altogether he said he had some more ideas, but it's up to congress to actually approve those 2. so to drive down inflation so far that has not really worked well. so now the chair of the federal reserve, john powell, have visited biden at the white house. why was that so remarkable? and what came out about well, i mean, it is remarkable because the federal reserve as independent from the us government . and it was not just a meeting, as you mentioned earlier, between biden and power. but also the head of the treasury genet yellen was present and see on the other side was also the prettiest that 3rd to jerome. paul well
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biden made it clear that the value of the independence of the federal reserve and that role paul and his colleagues can do whatever they feel rights to bring down inflation. so meaning to a certain degree, if the federal reserve wants to increase interest rates much further in the near future to bring down inflation, that is fine with the us president. even if that could mean higher interest rates, that the economy could cool down quite a bit. and also, by the way, could put pressure on and stock prices. but overall, it was very important to the president to make sure that the independent of the federal reserve is granted in court to thanks. meanwhile, in europe, inflation has hit a record high of 8 point one percent in the countries that use the euro currency.
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but prices are also increasing rapidly in countries outside the euro zone, like hungry, with a worn ukraine right on the doorstep. hungarians are feeling the knock on effect more than most. the double use funny fashion reports, new labels, again, prices up sharply increase. for coffee, it has nearly doubled since last year. whenever they tell them to get this. i have just changed facts and when i still buy home much, they have increased. i was don't make them, i will effort them. the inflation rate for april stands at 9.5 percent in hungary, one of the highest in eastern europe. in an attempt to turn the tide, the state fixed the prize for a few products. for instance, for sugar. also this pack of flour and this bottle of sunflower oil costs just as much as last year. now this is due to government price caps, which are in place until july 1st,
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but keeping some prices artificially down didn't change the overall inflation. for so many other products. consumer stella's, they are paying about 40 percent more for their entire shopping basket. this is 500 for in this is exorbitant. the price of florida oil means nothing. and that's not what we live. probably prime minister or bon says prices have gone up due to the war in ukraine and sanctions imposed by the european union, which hungary is a member off. and his price caps allegedly support the families. the manager of this rural gasoline station disagrees. he must sell the fuel for 484 in the later. that's about one your and $0.25. one of the lowest prices in europe and another price cap. he can barely remain open, cover rising energy costs or pay salaries. he says, we have a family tube they need to be supported to if i can not bring money home with my
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families not being supported along with other privately own gasoline stations, he sues the government over alleged violation of their property rights. he sass was, i find it outrageous that i must operate this with loss and cannot closer on that as georgia access price caps won't help decrease inflation without austerity measures. hungary, economic reality will become non manageable. the economic reality that we have a trends officer, we have a high inflation, the firm. nothing. no good news are coming from divert economy. ah, the energy prices remain high. so all those issues are there and this, there is no real culpable death. the government has now made it clear that it's bracing for an economic crisis. what's less clear is whether it's measures or effective to deal with it. now to some of the other global business stories making
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news, the european union has agreed to ban more than 2 thirds of russian oil imports. the compromise exempt pipeline deliveries, along with unilateral bands by germany and poland. this move is said to cut imports by thumb 90 percent. it's meant to put maximum pressure on moscow to end its war against ukraine. israel has signed its 1st free trade deal with an arab country. the united arab emirates, it abolishes duties on 96 percent of the product, they trade. the 2 countries normalized diplomatic relations just 2 years ago. trade between israel and the u. e totaled some 900000000 dollars last year. the chair of the african union synagogues president mackie soul has told you leaders that russia's blockade of ukraine's ports threatened to cause a catastrophe in africa. ukraine is a major grain supplier to the continent. sal warned of a wide spread shortages and spiraling prices. they called it the great resignation
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. during the pandemic, tens of millions of americans quit their jobs, changing the face of the u. s. employment market. now the transformation continues as many of those who gave up their day jobs look for new ways to make a living. den vick is an entrepreneur, he makes coca dumber japanese style plants potted in most bowls. he quit his job waiting tables in september. you're making 3 or $4.00 an hour your your wage as completely dependent on tips on from the people that come in. only a few guests came to his restaurant during the pandemic. danville says that on some days he received no tips at all. he doesn't regret quitting now here ins, more money and can make his own schedule. the 1st time i spent thanksgiving with my family was last year when i didn't work in a restaurant. and that's been after 6 years. 47000000 workers in the u. s. quit
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their jobs in 2021. november saw a record high of 4500000 resignations above all young employees, especially those in precarious working conditions. quit. in many cases, they didn't change labor sector just employer, and that was also the case with aaron fincher. she used to work in marketing in a small town, but her employer didn't offer flexible hours or the chance of working from home. i didn't feel valued as a person and, and i didn't feel like they valued my safety and my family safety. aaron gave birth to her 1st child a year ago, and she wants to spend more time with him. now that she works as a designer for the government, she can work from home, they offer full parental leave, paid parental leave. ah, which is awesome if i wanted to have another kid, i'm and they offer a daycare subsidies. aaron struck wiley. iron was hot for the 1st time in long time
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. job hunters can afford to be choosy when looking for work, according to experts because of abundant fiscal stimulus. consumers were lots of money. a lot of retirements and all the workers staying out of the labor market job opportunities for younger americans are abundant. this has consequences for employers such a sandwich shop owner, john tom. more and more of his workers are quitting and he receives few applications. so, you know, when the, when the staffing issue happened, we had to look for quality new people. it was almost impossible for us to compete with the bigger restaurant. the competition was tough. are there restaurant suffer bonuses and more benefits? while john has to catch up with raises, in the long term, it's employees who will benefit from this development. but it's a risk for his small bistro. it certainly will help both their wages and
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conditions. this is a change for the better overall than america. and one that i certainly believe is here to stay. the pandemic has given many people. one thing time dan vick was able to use his extra time to build up his plan business and learn how to do so on the internet. aaron used her time to discover what was important to her. she says that her job is a means to an end and family takes priority. i think a lot of people are realizing at this point that it's not the most important thing and you are a person outside of that and you should be a person outside of your employer and your work work isn't everything and shouldn't be everything. many people seem to be coming to this realization right now. perhaps not in spite of, but due to the pandemic. what comes next after electric motorcycles? how about ro, both goats that you can ride? it looks like a joke,
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but it's not kawasaki. the japanese company that invented the robot goat says that it can move autonomously or by remote control. kawasaki says it was designed to perform tasks on farms or to help the elderly carry heavy luggage. it was, it wants to bring the real world go to market next year. gide up. that's our show from me and the business team here in berlin. thanks for watching with fashion as an environmental mm. a closing graveyard to land desert. this is where things were being industrial nations no longer need a text or waste gets stranded all about the fun in the global fashion industry. close
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on dw, ah sierra leone, 20 years after the civil war. around 10000 child soldiers were forced to fight. where are they now and how do they live with their traumatic memories? nobody's over about not in school, not in college. we pretend like it didn't happen to 77 percent in 60 minutes on dw. ah mm hm. we're all good to go beyond deals yet. ah, as we take on the world 8 hours, i do. oh,
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this is weird all about the stories that matter to you. whatever it takes by policemen follow being pain. you know, we are your is actually on fire made for mines. east of chillies, pacific coast, a shocking sight, a dumping ground for used clothing, tons and tons. much of it comes from europe to stop this bank definitely comes from germany watched on this desert dumping grounds .
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