tv Business - News Deutsche Welle June 21, 2022 1:15am-1:31am CEST
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ah, and your up to date, stephen beardsley, is up next with business news. don't forget our website is always there for all your latest news needs. that's d w dot com. and we'll also on twitter and instagram at d. w. news, and children here in berlin. thanks for watching. ah with people and trucks injured one trying to flee the city center. more and more refugees are being turned away. order families, please see the reason for these critical illness with people lean extreme drought
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ross getting 200 people with around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w, made for mines. ah, ah, europe looks to coal as russia squeezes gas applies. the netherlands removes limits on coal fired plants a day after germany announced that fossil fuel is the fossil fuels likely to play a greater role amid falling natural gas imports. also on our show and other tech
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giant, another vote to form a union will look at the decision by workers at an apple store in the us state of maryland. and will go to yellowstone national park in the us, where residents and businesses are rushing to clean up from flood damage for the summer high season begins. hello, welcome to the show. i'm seeing beauty in berlin. it's good to have you with us. the dutch government has announced it will lift restrictions on coal powered plants, allowing them to run a full capacity. it's the latest response to russia squeeze on gas supplies of recent days. following similar announcements this weekend in austria and germany in berlin, the government there described the decision to take coal power plants off reserve. as one it had no choice but to make coal is not only dirty, it's bad for the climate. but now germany is set to burn more of it to generate electricity. the counter at previously turn to gas, a green or alternative as a primary energy source. but guess from russia, the country's largest supplier is now a political issue. gas storage facilities in germany are currently only 56 per cent
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full. russia is lowered, its export to europe in countries leading to concerns that moscow will turn off gas completely before europe can final turn. it is the minister for economic affairs. robert havoc now says germany needs to dust off it's of reserved cold plants. when gets missed, please can please any one who sees the bigger climate situations. but if we don't do it, we risk storage facilities not been full enough this winter. and then we'll be open to political blackmail is and is almost as creature scoreboard, while cold could take the place of much gas havoc. also announce incentives to save energy, especially in the industry sector. those o consume last will be able to auction, the remaining supply. yet, industrial advocates says that saving alone isn't enough feed is level supply. so we have to try and find as many alternative sources as possible. we must shift and quickly was, for example,
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where we could use oil instead of gas it for now. berlin says it will still meet its goal of phasing out cold by 2030. but for a government that expected to make fleshing out nations climate ambitions of priority. it's new shift is a bitter pill. over the markets now we're a turbulent weekend for bitcoin continued into monday. the popular crypto currency struggling to save up $20000.00 after falling below that mark on saturday. that's when it touched around $17000.00 before regaining ground. recent months have been turbulent for almost all crypto currencies and exchanges with investors pulling out as economic conditions tighten. recent high flying companies like coin basin, crypto dot com have even announced layoffs. earlier i spoke with catherine waller. she's managing director at crypto currency investment from dak. see, i asked her what she's telling her customers right now. yeah, she will select some very tough times in crypto as an industry broadly. you know, of course, bitcoin last summer was doing very well. old people that were holding or trading
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was steep happy. you know, we saw a top price last about of $67000.00 and it's day it, we've seen some really tough few months. you know, really has 69 months and meeting sideways. last couple of weeks we thought we found the bottom at $30000.00 than it is $25.00 than it was 20 at last few days is actually reached a low of $70650.00. it now looks like its holding 20000. so if a day trade is, of course, that can make money regardless the market, that's great for people that are holding that looking to dollar cost average. so to make sure that taking advantage of the fact that bit coin is currently on sale. but of course, if you look at what that is, the fair and green index which marks crypto on. so how the marketplace is feeling, of course, is a pretty pessimistic place to be right now. we're 7 for lots of people. listen to hold whether they're just private. i sorry, i just want to say that we're seeing that even with a more established crypto coins, we're seeing that a lot of those values rows. of course, when there was considerable amounts of money, almost funny money in the system,
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does it? does that not suggest that all of these coins are still more niche than they are mainstream? because they're not real stores for, for value? what do you say to that? yeah, sure will of course as a huge variety across the current to industry, we're just touching 20000 coin says very difficult to tall, 20000 coins with the same brush tick, if it actually is a business at where as a, as an exchange, only competent about a residue short number kept times, it's about 15 days that we see as those that have a long time use case and we was time as investment. great. so of course, the major top 20 have experience real well the tennessee and of course if you keep it going, getting hit majority of other coins that have full a sate that for doctors, an industry. and indeed the crypto industry as a whole. the some really good signs, the launch technology, which it relies on, of course, is being adopted more broadly say with you so that my so mainstream invite. i think medium is bright. are these mainstream investments?
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yeah. shall. yeah. she, like most of the wild banks, are now involved in crypto to some degree. black rock of course has come out. j. p . morgan, san char says it is a handful of household names in the financial institutions the are active. so i think that of 18 months, 2 years ago, crypt i was pretty nation was sort of the preserve of the relatively small number of people. but actually fast forward to today, most retail businesses, most hedge funds, asset managers, and banks do have active quicktime block chain projects. so i think probably increasingly mainstream. but of course, equally still at the foot holes of that to energy being adopted. there are companies like yours that have said that long term mainstream wells can be built by investing in crypto was that not misleading at best. and we see how many people have actually lost fortunes by investing in crypto. this is an incredibly unregulated market, and yet more and more investors came out during these really these real boom times and said you can make a fortune for long term mainstream investors. there are pictures of families on
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websites, for example. these weren't just speculators. what do you say to that? is that not misleading? yes. so when advice business we are compliant with every regulation in the countries that we operate in. and i think ethical put to business is very much like off state clare of kind of the failure mentality. the moon shot, and for that reason window trading business, most of our customers holding. but i think any print to business worth it. so we'll have disclaimers will encourage their customers to manage risk. and more importantly, there is a much bigger drive towards compliance because many different locations. and of course there is a movement that we very much support. i was catherine, ruler, she was managing, is managing director at the investment firm doxey. well, for the 1st time in apples history, company employees have voted for a labor union workers or an apple store in the u. s. state of maryland cast the vote. they're asking for higher wages and more say, with their hours they have succeeded of forming apples 1st workers union despite
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numerous warnings from their employer. and they can hardly believe the result of the stuff volt prior to it. and apple executive had warned that a union would complicate the relationship between the company and its employees. a lot of the response that we've gotten from the company is what i was calling fear mongering. the minimum wage, while apple store stuff is $22.00 an hour work as in taos and maryland, a cooling for high wages. the big a role in scheduling, and better qualification possibilities. this comes after a wave of similar volts across the u. s. in recent months, last april amazon warehouse work as a new york voted in favor of unionizing. it was the 1st and the e commerce giant's history in the u. s. u.
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work as a dozens of starbucks. coffee houses have also voted to join unions. and does a tip for any other workers considering to do the same from apple employees but don't be scared because it's scary. and that's okay. but don't be realised that if we can do it, you can do it. for now, apple has declined to comment on its work as 1st union had a u. s. store and out of some of the other global business stories making headlines . producer prices in germany rose 33.6 percent annually in may. that's according to the national statistics office. soaring energy and motor fuel costs are to blame for the largest annual price of tic in that category. since 1949 inflation has pushed up german consumer prices in recent months. a cruise ship that would have been the world's largest is heading directly to the junkyard. the owner of the
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global dream to germans ship builder in beaverton went bankrupt in january, following the failure of its parent company, hong kong base crews company getting group efforts to sell. the cruise liner were unsuccessful. it was the world's 1st national park and is still the 1st travel destination for many in the us, yellowstone the summer. however, instead of preparing for visitors, the region around the park is still cleaning up from heavy rains and flooding. some business owners are now worried about their livelihoods, with the flooding didn't just wipe out road homes and infrastructure in this part of yellowstone national park in montana. it also took with it hopes for a bustling summer tourist season, which businesses here rely on to get them through the year. oh, i'm getting phone calls from business people saying their reservations are cancelling clear through september and it is devastating for them. they're kind of
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in a state of shock right now. what are we going to do where we're going to go with us? many businesses are also grappling with a costly clean up the mud and water did serious damage. all of my 13 rooms on a lower. ready floor were flooded, have 5 feet of standing water in them. um, we've got it pumped out, but the damage is catastrophic. the flooding has for some establishments to shift focus, serving their community instead of tourists. we've chosen to change our efforts in the community, delivering water on bottled water to the older in their homes and them around the town and certain areas that people have access to. members of this montana community are now hoping that their work will pave the way for better seasons. ahead and here's
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a reminder of the top business story we're following for you. the netherlands announced it will lift restrictions to coal power plants on monday. it joins austria and germany and dusting off coal capacity as russia restrict natural gas close to europe. that's it for me and the deed of the business team. you can find out more about these and other stories online. check us out on t w dot com slash business. also, our youtube channel were with d. w. news from the business team. thanks for watching. so much bus situation and so few fish, british fishermen are furious. many of them supported brag it, and believed the promises of their government. but instead of more fishing rights,
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they now have less income troubled waters. british fishermen in brags it kluso next on d. w. a pulse ah, the beginning of a story that moves us and takes us along for the ride. it's only about to perspective culture information. this is dw and d w. made for mines. oh. a little no da vinci's, mysterious masterpiece. ah,
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it is perhaps the greatest leonardo masterpiece in the collection of the louvre and no, it is not the mona lisa. it is the virgin of the rocks, 2 versions, multiple copies, and a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand? the search for answers starts july 7th on d, w. b o. here in ne england, the fishing industry overwhelmingly supported breaks it. fishermen were keen to take back control of u. k. waters and become independent of brussels almost.
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