tv Business - News Deutsche Welle June 14, 2022 12:15pm-12:31pm CEST
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australian through a tide. neil nel after extra time in the playoff match or the goalkeeper. andrew red main became an instant national hero. making a match, winning save in the penalty shootout australia go through to group d which includes defending well champions. brots. and that's it for now from me and the news team don't go away. up next is chris, go up with the business news, and remember, you can get all the latest news and analysis and video on our website, d, w dot com. i'm gab alphas. ah, she's got he, she, she thought say what gray he it
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happened 175 years ago of young start up entrepreneur at a specific goal to build the best optical instruments in the cult size. di new devices, gaming his name with one d. b feature in landing, and leads science into new realms. 175 years of ice starts june 19th on w. ah, the united nations warns of a global food crisis as 20000000 tons of grain are trapped in ukraine. will show you why block ports are the only problem ukrainian, serial producers are phase. also the show fuel prices i've been soaring in pakistan as the government has slash subsidies. will that be enough to unlock much needed
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financial aid from the international monetary fund? will have expert analysis and spaniards have long struggle to find work. a new labor reform could change that will take you to madrid, to find out. i'm chris kolber. welcome to the program. the united nations has begged world trade ministers not to impose export restrictions on food for humanitarian purposes. the plea comes, as the rushes invasion of ukraine has heightened concerns for global food security, ukraine's black see ports of block preventing the country from exporting its produce. and those farmers that are not busy fighting phase extra difficulty in bringing in the harvest. i shouted aker or some others, but eleanor for left her, we have collected these in the fields and marched. when we went out there for our track, the drivers wouldn't warrant, they said we will not go to the fields until you collect the mines and the bombs
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and the other things. and so we had to collect them in the field, we keep them mess mementos. so story adler than was it more loading me une shook has an unusual problem with this years harvest and it's not that is grained and grow. it did his fields stretch over 2000 hectares. and the greatness tall and strong. but fields are littered with russian mines and shelling by enemy troops can happen any moment. it's not safe to harvest. however, grade, so only shook warehouse lays empty, even though the world needs his product. last year, ukraine exported 86000000 tons of grain this year. it will be half that and likely another pound will come from this farm. but even if on a shook were able to bring in the crops, it wouldn't help much, some of which up to renew since the beginning of the war. the grain traitors declared false monsieur,
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and they haven't paid for the grain until now. we delivered the grain to the traders whom and they just didn't pay for it. no. the blockade of ports is an issue to lay them all. we need to transit port grain from ukraine and to 70 percent of our rain export was for the sea ports in the past 30 years. many ports were built and reconstruct that in the country south for this purpose. but unfortunately, all of them up located now and many vessels remained located and they cannot move until dawn are you, but of national liquor. life is one of the major ports of grain exports. but recent shelling by the russians has forced to shut down, like many others on the black sea coast. miss ingrained from ukraine has caused world market prices to rise and searching commodity prices are causing problems in other places around the world as well. in pakistan, for example, high fuel prices and the rising cost of staples like rice are pushing the country
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toward a deep economic and political crisis. it's been driven by inflation rates which have almost doubled in the past year. jumping from 8.2 percent to almost 14 percent in 2022 and forecast. say that by the end of the year, pakistan's debt could balloon to over $200230000000000.00. the country is now re addressing its 29000 bailout package in talks with the international monetary fund . according to the agreement, pakistan was to receive $6000000000.00 an aide, but only half of the funds were released so far. that's because the former government under emron can introduce fuel subsidies against the i m. s. wishes. now the government hopes to secure the release of the rest of the funds plus an additional $2000000000.00 in new aid. earlier as spoke to journalist bill on
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millman head of digital content business recorder, in karachi, and i asked him, would slashing fuel subsidies twice as the government has done in recent days? twice in a week? would that be enough to be eligible to receive outstanding aid from the i m f? i wish i could say yes, i don't think this would be enough. it's very likely that they will increase or buy once more. right now there's a little tiny portion of that and he still left and we believe there will be one more price increase in the offing for. and i remember satisfied, slashing of subsidies, obviously means that the price of fuel is rising. prices have increased almost 40 percent. tell us what the reaction of the people in pakistan has been to that the reaction hasn't been updated for anyone. but let me just reiterate. low prices
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have increased almost $25.00 option and plug it back in march. same time would be depreciated around since then as well, given that was it gave had to be increased. so the government didn't have a lot of choice, a lot of room to not boss on the back. having said that because of that information has been building please in the future as well. we would expect the central bank to keep on here in the future is real. a few days ago, there was a rumor that the term increase was about to happen and people lined up outside straight away. and it's actually i had to come and that people not happen today. given that, as the kid, there is a panic in the market as well at home. peer often patients we have. but given that as the kids, there is a lot you can do either. we expect the in that to be softer as we move
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along. and we hope the improve below, we're talking about a, some of about 1000000000 dollars, 900000000 dollars. the pakistan is expecting from the international monetary fund. how important is it that the country does receive this financial aid? but it's truly important. it's not just about $900000000.00. it's about because i'm a big lender of last resort. it's about the i m f saying yes. to be gone. i mean it's about the i'm saying okay, we believe in august i'm moving forward and given that would be the other lateral donors and other avenues open up a book. i'm going to enjoy other lenders yesterday said that contingent other contingent on i'm saying yes to it. so given that to give the 900
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made sounds like just 10 percent of our foreign exchange right now and that opening doors to other, i mean the blending and journalist be allow me mom, thank you for your insights. that is some of the other global business stories making news around the world. germany's inflation rate is running at its highest level since re unification for the 3rd month in a row that are from the statistics office, confirming that energy and food prices have risen by almost 8 percent in may alone and economist war. and there is no relief in sight in the short term, while disney won't be allowed to show its new pixar movie light year and 14 countries. the prequel to the claimed toy story franchise includes a brief kiss between 2 female character, united arab emirates, saudi arabia, egypt, and others banned the film outright. it is unclear whether or not it will be shown in china, which is the world's biggest remark. google has agreed to pay out $118000000.00
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in a class action lawsuit, which alleged it underpaid female employees and assigned them to law ranking positions. google did not admit any wrongdoing and to pay nearly 4000000 dollars last year after the department of labor ruled discriminated against women and asian employers until the end of last year. quarter of all jobs and spain were temporary ones, meaning more than 4000000 people will not, in permanent employment, a new labor law, their hopes to change that but work a representative say when it comes to job market reform. there still a lot of work left to do early morning and madrid. a gardener is hard at work in this green space. there are many jobs like it and it may not seem particularly exciting to them, but it is exciting to christine as that would be, god bless me,
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alabama. i've had contracts that only lasted a few months. and thanks to this reform law, i now have a permanent contract. it life changing and now i feel more relaxed. colorado, even a them a thank you. sentiments like hers are gratifying to spain's unions who have been fighting the temporary contracts for years. they were recently finally able to come to an agreement with the government and employers of that those that would even be think about the figures from april, show that around half of the new contracts are permanent. this provides work stability and it finally eliminates the insecurity alley the for so long characterize the spanish job market hall is by yet. christina said to be gone previously worked as a hair dresser, but she can now enjoy the security that comes with working for a company. a bill you ought to be naive and you can see that you are making progress. oh, any good. i'm still young and the future looks brighter. suddenly i can envision
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a family and an apartment. it could all work out in the month and if they beat me, employers tend to keep a low profile. but one company has spoken out situated 200 kilometers north of madrid. a large cheese factory is grappling with the changes to get on the other law for new law has changed the nature of the employment from the beginning. now we know the contract will last longer, so we have to plan more. we must also anticipate the person's possible employment options before everything was more short term and flexible, or bravo for my for the see lead of. but the reform hasn't changed labor practices everywhere overnight. that's apparent in the health care system. dr. o t. libby's ball has been working in this hospital for 10 years. either under, during these 10 years, i only got temporary contracts. they were also very shaky contracts that didn't even clearly define my area of responsibilities if them, but i mean,
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i feel that's why medical professionals have been repeatedly protesting the past few days. they want their industry to move away from temporary contracts to latin bodily on the rate of temporary contract is incredibly high in the public sector. and more so in health care here in madrid, more than 50 percent of hospital doctors are in temporary contracts and an emergency rooms it's 80 percent and up at the end of it will take time for the full effects of the reform law to bear fruit throughout the entire labor market, but for now, christina said we gone is happy to be able to reap some of the early rewards. a metallic pink balloon monkeys sculpture by jeff codes. one of the world's most famous living artists is going on the block to raise humanitarian funds for ukraine, billionaire, ukrainian art collectors, victor and a lena pin took donated the piece christy's auction. how's expect balloon monkey to
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raise up to 12000000 euros to assist soldiers and civilians in need of prosthetics, medical treatment and rehabilitation as a result of russia's war on ukraine. and that is our shoulder for more check out our website at the w dot com slash business or the d. w. news youtube channel. i'm chris cockburn bowlin. thanks for watching. have yourself a successful day? what does the polar jet stream have to do with climate change? one thing is clear, this strong current is slowing down a team of researchers and spits dougen is searching for explanations. how are high and low pressure areas changing is the polar jet stream contributing to the warming
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of the arctic? to morrow to day? next aunt d w o, what people have to say matters to us or that's why we listen to their stories reporter every weekend on d. w. could we soon be filling out tanks with carbon dioxide. you out of strong. more on that in a moment. but 1st we had no to norway research as they are trying to understand how the winds on changing norway is also to be home to a new spaceport, old as and more coming up on tomorrow today.
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