tv Business - News Deutsche Welle June 3, 2022 6:45pm-7:01pm CEST
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many strict rules remain in place for women in saudi arabia, but social reforms have led to more freedom on the labor market. the kingdoms 1st women training to become calm, mechanics and roadblocks him to europe. auto industry, surging energy costs, roll materials, double in price and supplies. hard to come bye. you too roches, warren ukraine. fizzle and let's do business prices in turkey are out of control with inflation clocking in at a staggering $73.00 and a half percent. that's the highest level in over 20 years. food, housing and clothing were the main drivers. turkey has been suffering from steep price rises for years. as you can see here in just one year, inflation has really skyrocketed. it's been fuel by president wretched tie. a bad ones meddling in monetary policy is repeatedly blots the central bank from raising
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interest rates to time inflation, accelerating a decline of the lira. i asked economist l. gouge in how hard all this is hitting households and businesses. well, it took you in a deep crisis, you know, we have this huge number over 70 percent. turkey belongs to the worst performing countries in terms of inflation. on the other hand, we have this growth rate that has been announced 7 percent. but if you look on every day life ordinary trucks, people have massive problems to co with the situation. they can't basically finance their basic needs. and we know already the situation burson, over the coming month, because the policy you can on the policy is simply it is taking the wrong measures . could price pressures be slowing though? because the, the increase in inflation was smaller than in previous months. no, actually there is consensus that because char key central bag is still keeping
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interest rate. the policy rates at 14 percent and we have globally, there are not only turkeys within turkey, economic aspect that need to be taken into account, but also internationally. we see that price a solid accelerating just one important factor is price is for food. for example, we know that food prices because of the russian war, are going to accelerate over the summer in autumn and inflation will increase. and additionally, the lira is getting under pressure because the central bag does not increase the interest rates. so is going to take a good lesson in economics for everyone to realize that his policy on rights only wasn't inflation. and that he shouldn't be meddling in the matter in the 1st place . absolutely, to the policy that is conducted in turkey in terms of monetary policy is
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fundamentally wrong. we have declared, it's not only me, there's general criticism across the world. the central bank in turkey has to increase the interest rates. and the only reason why a turkey is doing this is, as you indicate, there is political pressure on the central bank and there are electrons next year. and the government tries to keep consumption, credit, finance consumption as stable as possible. but the consequences are unsustainable growth, increasing public deficit incomes in turkey software, they don't gain, they, there is nothing which is transmitted to the households. so it's a fundamentally wrong policy. and it sounds like the government's part of the problem rather than soviet economists aryana jen, thank you very much for your time. thank you. the german export powerhouse is starting to return to business. as usual. the monthly export increased for april
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was 4.4 percent. the yearly figure was up almost 13 percent based on provisional diet, and that despite trade with russia, continuing to full, the german economy minister, well, but how back says west and sanctions are taking a heavy told on moscow's wool machine. he says the russian economy is collapsing, and the germany has played its part by again reducing exports to russia in april or quarter, or vincent some eyes from the kill institute for the world economy. how much is the war in ukraine still disrupting trade for germany? well, they do rather have go romantically on the side of germany already in the 1st few months. we thought that from western europe, that the derby, approximately half of what it was. and now it is me and bar ruth, and thank you again for oil and other entity sources. are we taking effects
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also in the pipeline, but important from our beginning q q. dock, well, so the sanctions a hurting russia, but also hurting the west. absolutely, i think was the, the greatest back off the war. the plane on the world economy is isis. we've seen that a lot of this stuff. it's the for the west because they have to wait from russian energy sources for other. yes. and how do you see the sector developing as the war drags on i believe that more of the faith will come into effect. for example, i believe that germany company and for the west general and the reconsidering, they're fighting, and they're linked to authority, kerrigan, they like russia and china,
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i believe will be that the firms who reconsider your story are resorting, they're fighting in the summer. thank you very much for being on the show. sat through some of the other business stories making use used cars are becoming more expensive following a rise in prices for new cars. in april, an average 3 year old car was 30 percent more expensive compared to a year ago. covered 19 a chip crisis and part shortages are all slowing supplies and driving our prices. amazon is the latest you best take company to scale back its presence in china after it announced its closing its kindle e bookstore in the worlds 2nd largest economy. other companies like ebay and b, linkedin and yahoo have limited services, or exited the country. exciting and increasing competition and harsh censorship. the solomon islands is set to receive a $130000000.00 from the world bank. a big chunk has been
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a marked for infrastructure, including bridges, and the airport in the capitol on the other. funding comes after china extended its influence in the pacific funding infrastructure and signing a security pack. 6 workers and activists march through the streets of mexico city on thursday to demand the right to work safely. the annual mark james to draw attention to one activists called fem aside violence against workers and police in action. a few years ago, women in saudi arabia were still banned from driving. now the 1st female car mechanics being trained up sh, crown prince, muhammad bid salmon wants to modernize his country, and that includes improving women's rights, which will help future proof the economy for a post oil. walt, this saudi arabian garage is cutting edge, especially when it comes to its mechanics. many of the trainee recruits are women like their male counterparts. they carry out oil changes,
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battery checks and wheel fittings. something of a shock for many customers, la obadiah, can love us. the customers were really surprised. some of them came up to me and said, you've shocked us. ah, i'm people are amazed that women are working in this field and ask us what it is about the job that appeals to us. that's the most common question i had sent. a said without oliver saudi arabia's economy needs to diversify and reduce its dependency on oil. with this comes a need for more workers, and that's meant relaxing old laws. in the past, women were banned from working in manufacturing and construction. but that's now changing. and here at the garage, the women mechanics are even attracting new customer groups. well, no, no. we're not yet, not women feel relaxed when they come here. and you know, my fan and human on the whole,
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some of them feel shy when dealing with man. i know if i want to mother, they find it difficult to ask for things and they're scared to ask what's happening to their car when have him on or be up, but with us it's different. they can talk to us with the phone with you. we amana, despite this spirit of optimism, many traditionally minded men in saudi arabia, continued to be skeptical about women working. and especially in technical roles. women are, by far, the exception here. your soda money's industry is hit a rough patch. budgeting is a nightmare raw material prices like sheets steel have doubled in just a few months. energy prices, no only one direction and getting your hands on carpets has become tricky due to the war in ukraine. in this foundry, liquid aluminum is heated to more than 600 degrees celsius. this is what the automotive supplier l. m. g in the german state of saxony and hauled uses to press
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castings for both electric cars and combustion engines. well, usually at the moment it looks like this. the machines are at a standstill. most of the 160 or so employees are working part time. the reason the massive rise in energy prices for 5 days managing director, christine, suzanna turn axes, will run the melting furnace at full capacity. then the machines are shut down for 3 to 4 weeks. this is how electricity and gas are saved. bouncing that you said i thought of it has 99 percent of our electricity and gas is consumed in the foundry . we need 1000000 kilowatt hours per month. he island new york city over from the plant manager. ralph yosh catch often walks these empty halls almost every day. colleagues who are part time call him with questions. i think gluten, who will colleagues who got through the coven period quite well. there.
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now, i don't want to exaggerate, but they are afraid of the future. your point, we don't know how long these conditions will last. how long can we stay afloat? what happens next? for field odds me rising prices aren't the only problem for automotive suppliers like l. m. g. since the russian invasion of ukraine, many major companies have been running out of supplies that were previously coming from ukraine. as a result, when b m w volkswagen or dial or shut down their production, the demand for parts falls to the to claim because it's 50. so at this point, and it has of the ukraine crisis, it's really the case that overnight we lost sales or the volumes that we're delivering decreased. and that's by 40 to 50 per cent per customer. percent proclaim the more and more spending on energy and raw materials and uncertainty about when customers will actually need an pay for the agreed upon quantities. but
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the situation could still worsen. for example, if russia stop supplying gas to germany and that has been submitted, the system is designed and then the quantity is reduced. we will try to use what we have as efficiently as possible here. but if we don't get any more gas at all, then production will be completely shut down. there's no plan b for l m g in the mid sized company. this would mean that the production site in eastern germany may have to shut down a big hit to jobs in an economically underdeveloped area. i think this is with ah, with
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ah, to the point clear positions, international perspectives. russian troops are stepping up there offensive in ukraine's industrial hard land as the conflict because the war, the tricia and ukraine pleads for additional heavy weapons to hold off the invaders is the ty, turning and proteins favor to point 30 minutes on d w one. they want to make food from a milk home and make animal feed with flies. research teams are working on new ideas to save our planet,
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with how realistic they apply the green revolution. in 75 minutes on d, w. a south bay mother is going to spend the rest of our life behind bars for margaret berkeley got a psychosis is an illness mothers nightmare story on d, w mm. frankfurt hawk international. the gateway to the best connection, self road and rail. located in the out of europe, you are connected to the whole world to experience outstanding shopping and dining
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offers. enjoy alice services all be our guest at frankfurt airport city, managed by frappe waterloo. ah ah, this is d. w. live from berlin, $100.00 days after the russian invasion began. ukraine is still holding out as the 2 sides bottle do, control the in the east and industrial hop land, the red cross that the scale of destruction is beyond belief. also on the.
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