tv Business - News Deutsche Welle June 1, 2022 8:15am-8:31am CEST
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yes or no for using they international fame to promote social justice issue white house today to discuss the important issue. he watching d. w. news he is or my love i'll top story. united states has announced new military aid for ukraine, including advanced medium range weapon systems. as decision comes, as russian forces continue to make gains in the east and you've trans don't boss and that's it from me and the news crew don't go away. coming up after the break here. della will have the business news for you. i'm got office in berlin from me on the team here. thanks for watching. people in trucks injured one trying to flee the city center. more and more refugees are being turned away. families, please see the reason for these. correct only is we like it.
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administrative people fleeing extreme dreams around getting 200 people had a juicy around the world. more than 300000000 people are seeking refuge. yes, the wine because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah. the white house gets ready to battle, rising prices with inflation as rates not seen in decades. president joe biden says tackling it is his top priority, and after the great resignation, the great job here, how americans,
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who quit during the pandemic are looking for new livelihoods. i'm kyocera, welcome to dw business us present. joe biden says, fighting inflation is his top priority has been meeting with federal reserve chair jerome powell and treasury secretary john of yellen at the white house to discuss how to tackle inflation, which is at a 40 year high of over 8 percent by in the short power that he would have freedom from political interference, the fed as expected to raise interest rates, to ease price pressures. 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 now? well, and actually already on monday, there was an up at in the wall street journal from the president, and he outlined a couple of ideas somehow to bring inflation down at 1st of all, he mentioned that it's the primary task of the federal reserve,
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actually to help with inflation, but clearly he can put too much pressure on the independent board. then he had some 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 has 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 is independent from the us government . and there was not just a meeting, as you mentioned earlier,
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between biden and power, but also the head of the treasury genet. yellen was present and see on the side was also the previous answer to jerome and paul. well, 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 find 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 independence of the federal reserve is granted in court to thanks.
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meanwhile in europe, inflation has hit a record high of 8 point one percent in the countries that use the euro currency, but prices are also increasing rapidly in countries outside the euro zone, like hungary, with a war ukraine right on the doorstep. hungarians are feeling the knock on effect more than most. d, w is funny. fashion reports, new labels. again, prices up sharply increase for coffee. it has nearly doubled since last year. whenever they carry them out to get this. i have just changed dr. facts and when i still buy home much, they have increased. i was stumped, 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
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much as last year. now this is due to government price caps, which are in place until july 1st, but keeping some prices artificially down didn't change the overall inflation for so many other products. consumers tell us they are paying about 40 percent more for their entire shopping basket. this is $500.00 for in this is exorbitant the price of florida oil. i mean to nothing. and that's not what we live. probably prime minister or bon says prices have gone up due to the war and 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,
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cover rising energy costs or pay salaries. he says, we have a family tube they need to be supported to. if i cannot bring money home with my 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 economy choreography that we have a trends officer. we have a high inflation that firm. nothing. no good news are coming from divert economy. ah, the energy prices remain high. so all those issues are there, are there this, there is no real culpable, that the government has now made it clear that it's bracing for an economic crisis
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. 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 news, the european union has agreed to been 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 from 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 mckee, soul, has told you leaders that russia's blockade of ukraine's ports threatened to cause
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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 . 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
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family, it 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 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, an 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. um,
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which is awesome if i wanted to have another kid um and they offer a daycare subsidies. aaron struck wiley. iron was hot for the 1st time, long time 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 restaurants, offer bonuses and more benefits? while john has to catch up with raises, in the long term,
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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 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?
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how about robot goats that you can ride? it looks like a joke, but it's not kawasaki. the japanese company that invented the robot goat says it can move autonomously or by remote control. kawasaki says it was designed to perform tasks on funds or to help the elderly carry heavy luggage. it was, it wants to bring the real work go to market next year. gide up. that's our show from me and the business team here in berlin. thanks for watching with healthy bennett, which quantities on this episode we focus on nutrition. will explain which diet really help you lose weight. it's sweetener is an effective sugar substitute
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and how the wrong food damage our teeth in good shape. on d, w o m, in many pollution. so now in the world right now, the climate change very hot. the story. this is my flex, the way from just one week. how much work can really get we still have time to work on going on with what 5th, subscribe all morning. like welcome to the dark side where intelligence agencies are pulling the strings. were organized
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crime rules, where conglomerates make their own laws? we shed light on the opaque worlds who's behind the benefits. and why are they a threat to us all opaque world? this week on d, w e thing is so much fun. but we all know that eating too much is not good for us. and many people dream of shedding a few pounds. but do dias work? it's also important not to eat too little for to eat the wrong foods.
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