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tv   Business - News  Deutsche Welle  June 22, 2022 1:15am-1:31am CEST

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she says it has only received a fraction of the western heavy weaponry. it needs to push the russians back. all right, don't go away. student beardsley has your business news in just a moment. and remember, you can always check out our website. it's there for you for all your latest news needs, stats d, w dot com. and of course we're also on twitter and instagram at dw news. i'm here until that's it for now. thanks for watching. ah, he's had a this visual hotspots in germany here in the world. the w serrano. a tree lane, we're in a. hm
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. ah, germany is grasping for energy solutions. but what about nuclear? the country is continuing its phase out of nuclear energy despite persistent calls for a change. of course, we'll look at what the chancellor himself has to say about keeping reactors up and running. also on the show indigenous people in ecuador continue their protests over
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fuel prices. to find some support from students and workers below. welcome to the show. i'm seen clearly in berlin, but the pressure on the e. u is growing, as russia continues to slash natural gas exports to the continents. moscow cutting off all gas flows to 6 european countries. meanwhile, it's significantly reduce applied to your biggest economy. germany by 60 percent of the german government is now encouraging utility companies to extend the use of coal fired power plant. right now has 70 such plants that run on hard and leg night coal. a germany also still has 3 nuclear power plants, although they're scheduled to cease operations at the end of the year. and that would fulfill the so called nuclear phase out promised by chancellor anglo merkel in 2011. now, some are calling for those reactors to be kept on line. that's controversial, however, and it might not even be feasible. the utilities running the plants would have to
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get new fuel grade uranium, which is expected to take some amount of time. let's take a look at what german chancellor olaf shows said in a recent newspaper interview. about this very issue shows telling a newspaper munich that he wholeheartedly support the phase out of nuclear energy. never looked the less if there was a way to extend operating times for one or 2 years without problems than he expects any one would hardly object to it. he says that's obviously not possible. and so he's not going to spend a whole lot of time on that question or i felt like he's focusing on the technical aspects of keeping it nuclear going. but what does german industry say? well, my colleague, japan to belo spoke with the head of the federation of german industries recently and asked him if nuclear should be part of the solution. while, while the nuclear on the long run will be a contribution to the world's energy equation that's still to be seen. there is a lot of innovation underway. and i'm really curious to see how new nuclear
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reactors, you technologists, may change our energy mix in the future. short term, the contribution is limited. well, i mean, of course the german government is now heading for more production of electricity with coal. is this the right decision given how many emissions are carbon emissions? we'll see from co production of energy while it's definitely not a preference. but frankly, it's the only alternative that we currently have to substitute out russian gas. and that the russian gas supply is fragile to call it the best we see that every day. so the, the only short term alternative us to burn more coal and pull that forwards on a, on the total salo fall for the earth. it will not make a difference whether we do it now or later on. it's not that we like it, but it is the only open alternative that we have. well, obviously natural gas is no longer being used for energy production of at least for
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the time being. i'm other industries also rely on natural gas for creating the products, especially the chemical industry. is there enough to go around? well, german industry? well, that's the reason why we should save whatever can be saved in order to keep the machines running to kim production processes running even over the course of the next winter, where germany or middle europe will depend on gas supply from russia, with all its uncertainties. one year later, we'll have more energy terminals, a better supply for a liquefied natural gas. so it is a short term measure where we need to boost, pull all strings in order to get our reserves for the next winter up and felt. well, what is it exactly when i see from the government, of course has been a lot of discussions about what to be done. what is there that industry expects the german government to do now? or the most recent decisions go checkley along the lines. what we have argued,
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so stop using gas for producing electricity rather step on the, on the coal alternative. ah, we appreciate the market mechanism on how to help companies to substitute gas and support that financially from the government rather than supporting failing companies thereafter when it's too late. so this mechanism that says, well, the market may decide what is the most effective liver to, to say of gas, and we support that financially as a truly smart solution, which we applaud per much thank you. thank you for joining us. of there are a to punish male. they're talking to sig, fred ross, one of the association of german industries. let's get out of some of the other global business stories making headlines. the united states supreme court has rejected a buyer effort to shut down thousands of lawsuits related to its round up weed
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killer. the decision also lives a $25000000.00 judgement in place for a california man who says he developed cancer after using round up for years. facebook's parent company must stop using an advertising tool for housing ads, which the u. s. department justice said was discriminatory against people based on their race, class and sex. all characteristics protected by the fair housing act under the settlement meadow will pay the maximum civil penalty of about $100.00. $15000.00. the maker of frosted flakes, eggo waffles, and pop tarts is splitting into 3 new companies focused each on serials snacks and plant base foods. the spin offs are set to be completed by the end of the year. kellogg saw net sales over $14000000000.00 in 2021 with a vast majority generated by snacks. tesla, c. e o. ellen musk told the caught our economic form, that the electric car makers looking to trim its salaried workforce,
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but increased the number of hourly employees must says up to 10 percent of workers drawing a salary could be laid off over the next 3 months. but the total headcount reduction would only be around 3 percent or 80 austria's or financial correspondent in new york. he joins me for more on this teddy. this announcement of job cuts from mosque was a little bit confusing. what, what happened there? yeah, this really was kind of like a ball of confusion and the seems to be a trend freeland mosque will say, one thing on twitter, another thing and an email. another thing to journalists, ah, but here's a little bit of clarity. it appears that 10 percent of the workforce not the entire workforce, but just of the salaried workers who are a minority of the company of the $100000.00 worker company, 10 percent of those workers will be laid off. now the same time, elan musk has said that they want to increase the number of hourly workers and why are they doing this? well,
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tesla has announced that they have over extended themselves in a recent years. and now this, they're compensating for it. teddy didn't fair to say this isn't the 1st issue with labor that tesla has had in its history. there's been a lot of these kind of issues cropping up in which it's been misunderstood. or in fact, it's been accused if not found, to have committed certain of false practices. what can we say? yeah, well, these layoffs, i think are certainly have a piece with a number of accusations by workers. workplace issues with the company hasn't seem to stop investors who rallied on soc today. but if we want to talk about layoffs again, well, 2 workers are now using the company of not giving them sufficient. notice this is in nevada plant. i'm a 500 worker is getting laid off and there are some accusations of union busting, firing, some workers who are trying to start a union and just a generalized racism and sexism in the workplace. in fact,
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an investor suit is now open against the, the board of directors, accusing them of allowing a toxic workplace culture. now, you must, has denied many of these allegations has took the twitter to call it trivial. but it is a fact that these layoffs that we were just talking about are in fact can't be disconnected from broader workplace issues at the company. alright, teddy austro new york talking about tesla. thank you very much. we shift gears now and take a look at south america. thousands of protesters are marching in the ecuadorian capital against high fuel prices, economic inequality, and the policies of the president, demonstrations, including barricades in some parts of the country, have already cost the economy, their tens of millions of dollars. they came on foot on scooters and the back of trucks,
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thousands of indigenous activists converged on the capitol quito for the 8th day of protests. the recent demonstrations were sparked by an increase in diesel and gasoline prices. high inflation rates have driven up the cost of living, even as unemployment rates rise on top of these issues. the corona virus pandemic mesa, man. oh, month after month, prices are increasing. so we don't have enough money. i guess we are suffering from hunger. if we don't have enough to buy, we don't have enough to give our children a snack. right now. we don't even have enough oil to make a potato chip for our children. big men, women and children have joined the protests. but there have been frequent classes with police the
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demonstrators are particularly angered by president guillermo losses, economic policies. they accuse him of focusing his support on oil and mining companies. instead of responding to their demands in life with jazz of this government has not listened to the requests and proposals of our national organization. the president has declared a state of emergency in several provinces. he says he wants to sit down at the negotiating table, but insist the protesters only want to force him out of office. sure, if boy ha, my valencia there, response has been more violence and new threats to attack kito. well, the more we can allow a few violent people to prevent millions of edward dorians from working. and i think what doughty and while the protests have been led by ecuador, indigenous peoples, students workers, and other people feeling the economic pinch are now joining the call for economic
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reforms. here's a reminder of our top business story. calls continue within germany for the government to reconsider plans to shutter its last remaining nuclear reactors. at the end of the year, berlin is desperate for new energy solutions as russia squeezes it's gas deliveries . and that's it for me. in the database business team, you can find out more about these and other business stories online. dot com slash business. check us out on youtube as well, or the deed of the news channel. i see beardsley, thanks for watching 3 new glazer lu? rely nourishment in baton for both body and soul. ah, but climate change is threatening this family. ah.
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