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tv   Business - News  Deutsche Welle  June 22, 2022 6:45pm-7:00pm CEST

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as well as months of shortages of every day, goods have taken their toll free long as economy has collapsed. prime minister ronald, the cremmit singer says, the island nation apparently is even unable to pay for oil imports. the country has been struggling for months with high debt, free luncheons have been taking to the streets to protest in the shortages of food, fuel and electricity. and now lockers dire economic straits just took a turn for the worst. let's get the latest on this from our correspondent char, regard to k, a in delhi char, who should august prime minister says the economy has collapsed. what does that mean? well chris, you know, details i get to fit in as to what exactly was the implication that the prime minister going to become a think it was trying to drive home. but at this point of time, what appears very imminent is that he was trying to give out a message to the opposition because it's been over
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a month that he has been in office as prime minister as villas, bent financed. mr. and the opposition is rang and trying to really increase the pressure on him to deliver on his promises. so he only mentioned that the country is completely out of cash to pay for any imported oil. and that was the only medication that he tried to drive home. but apart from that, it looks like a message to the opposition that it will take time for him to delivered on his promises. with apartments, he says lanka is unable to pay for oil. what impact is this going to have? well, a chris, it's likely to have a cascading impact on the economy because oil will not be available for all the essential supplies. and apart from that, the supply chain, the distribution mechanism across the country, will also collapse if there is complete absence of oil. now we know that the economy is in heavy debt right now to linger has already defaulted on its
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international commitments in negotiations with the i m f as well as the world bank for a bailout package. it is also planning a donors conference. so of the, the, the backed off, the 0 availability of oil is going to have a sort of a cascading impact on the economy, chris, and amid all of this, a charo. how does the government want to stabilize the economy in sri lanka? well, chris, there's no clear could land that the government has been able to present so far. in fact, what the prime minister has regularly highlighted is that this is a very big challenge. this is, this is a challenge that has not been thought of so far. so right now it only relying on international assistance, for example, there's a $4000000000.00 credit line from india. then the prime minister has gone on a japan as well as china to have it out. international institutions like the world bank and the i'm have to give some sort of a package to link us so that at least basic cash is available to help the economy.
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chris charge a correspondence in delhi. char, thank you. the asian, an aerospace industry comes back into focus this week as the 2022 edition, the central topic of the show will be the development of the sector in 20 years. it's present and near future prospects are riddled with uncertainty. the russian invasion of ukraine has slowed the post pandemic recovery of the industry on a global level. but while international airlines have been minimally affected, har, sanctions and isolation, f had russian airlines, the hardest impacting both cargo and passenger traffic. russian airlines are currently banned from flying to most countries in europe and america since the start of the war. due to sanctions, companies like aero flood or 7 cannot receive spare parts of the updated service manuals from companies like air bus. boeing or other western suppliers raising
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worries about the long term safety of the russian commercial and car for more on the state of the russian aviation sector. i'm now joined by steven. right. he's an industry professor specializing an aircraft engineering at temporary university in finland. i welcome to d w. steven the european union aviation, a safety agency says it is very worried about the state of western made aircraft flying in russia. do you agree? yes, i do. actually. i think the a also has made a very good judgment co understanding the aircraft all across the maintenance that's done to a specific standard. and if aircraft they're operated outside of those standards, then this is a safety issue. let's take a look at rushes, maybe most prominent carry here aero slot out of it's 187 planes, all but 10 are made by air bus and boeing which cannot service these aircraft
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anymore. what does that mean? how do you keep these planes are ready to fly? that's a really interesting question and a big problem for anybody operating in an isolated area. effectively, what they have to do is try to find parts from somewhere. and that's a massive problem at the moment because all that stuff goes wrong on the move the time. so you replace the parts that work and the problem with rush or at the moment, is there not legally allowed to buy any space from anywhere. so where do they get the bits? even if they were able to take the boxes off the parts off and fix them themselves, the pipe will be incomplete because it will be maintained and done by stuff that's just not recognized. and this has a massive effect on the whole of the aircraft industry. so
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basically you're saying even if the people in the russian aviation industry are able to fix the problem right now, it could mean trouble down the road. massive problems, for instance, this plane, these planes, the $500.00 planes, the all being quarantined in russia, none of the paperwork is now going to be compliant. so all the pipe works is held by the lease all so these are the russian airlines. and if the paperwork's not complete at the end of the lease, you, you really struggle to get the aircraft back to the bank. and then the next person that rents the lease is the aircraft. they're not going to be able to lease it because the paperwork's going to be incomplete. stuff will be done. that hasn't been done in accordance with they are so low. that's why the action so safe. everything is so well controlled. there are no deviations and aviation has
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a strong history in russia. what sort of future do you see for the sector in the country? well, this is going to have a massive knock on effect because effectively which bank is going to want to lease a $102000000.00 us dollar asset to a country when they know that they might not ever see their asset come back at the end of it. once the lease is finished, so where are they going to get the planes in the future? when is a massive problem, steven, right aeronautics professor at temper university in finland. steven, thank you for your time. thank you. and staying with the asian sector past lockdown, travel enthusiasm among people here in europe could be seriously change in the summer. due to a serious staff shortage at airports. a reporter went to the door from the west of germany to gauge the mood among employees and travelers. the departures hall at to
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so door fairport passengers going through security screening have to be patient. it can take more than 4 hours. seems like this have occurred often in recent weeks, causing hundreds to miss their flights. told me, disappointed. very disappointed. because her on because i paid money, so i liked my services to be fulfilled, man, not by what i'm fluke up. my neighbor works at the airport and he said it was because a lack of security personnel, and that's stupid when you pay a lot of money for your flight. so it's annoying if you miss it out. but especially since they laid off security staff during the pandemic clinic, dominic will will not side a spokesperson for the german aviation association, says the chaos of german airports is unfortunate, but little could have been done to prevent it. a cool one up honey. how did the
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corona virus pandemic has presented the industry with major economic challenges? unfortunately, staff reductions were necessary up. some of them found jobs and other sectors. at the same time, after 2 years of the pandemic demand for flights has a sword and cove at 19 restrictions were suddenly lifted. so it was impossible to plan properly for the relaunch angle. though mister gala, jose taryn has a different view. the ation expert advisors, members of the verde trade union, who work for security at the doors airport. they're stop, they're actually fun is ultimately responsible for this task, puts it in the hands of private security companies. and of course they want to earn money and if they're not social organization and how can you cut costs by keeping staff levels low? we have a serious staff shortage, especially in passenger screening. this is all passengers have to pass through security. there's not enough people were hired as well. so now you're seeing the
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result was definitely be that you done that also as o t. and one major problem is that anybody working at the security screening for on the apron has to be trustworthy. the required background checks take at least 6 weeks, usually longer. so it's not possible to simply hire extra staff. it's a problem with dramatic consequences. as a security screening employee at a german airport explains. he wants to remain anonymous. you see the huge crowds of people in the terminals at some point, it's not possible to keep up like when we have to take a break that isn't always given to us by the federal police or our employer. they just want to keep passengers flowing through security and then air safety is no longer guaranteed. meanwhile, germany's leading airline, lufthansa blame sluggish ground handling for the recent cancellation of almost a 1000 flights. anybody hoping to fly in the coming weeks when need to be patient?
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and not to some of the other global business stories making news. the supreme court has rejected a buyer bid to shut down thousands of lawsuits related to its round up weed killer . the decision also leaves a $25000000.00 judgement in place for a california man who says he developed cancer after using round up for years. to make our frosted flakes, eagle wobbles, and pop tars is splitting up into 3 new companies focused and serial snacks and plant based foods. the spinoffs are said to be completed by the end. the year, kellogg's saw that sales of over 14000000000 dollars last year with the vast majority generated by tesla c o. u lawn must hold the katara economic form that the electric car maker is looking to trim it's salaried workforce, but increase the number of hourly employees. mister musk saying up to 10 percent of
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workers drawing a salary could be laid off over the next 3 months. the total head calendar reduction would be around 3 percent. and that social thanks for watching ever self a successful. ah ah, with ah,
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i see a death in art levin died. jakarta, what can't artist do to help people and the government for using okay, last he did it with in 30 minutes on d. w. the secret war between iran on the were side and on the other israel and the united states. why doesn't he ever seem to end? for over 40 years old, the medic efforts have failed. there has never been a real dialogue. the 2nd part of our documentary, the law is with in 75 minutes on d, w. go mike. how can miss national
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hatred of a people be explained? a gold top gold? a history of anti semitism is a history of stigmatization and exclusion of religious and political power struggles in the christian christianity wants to come for. that is why christianity use the figure of the jew as little tesla. it's a history of slender, of hatred, and violence is the puppies memorial and then on the jews were considered servants of evil. they simply killed you the most atrocious chapter. a 3rd of our people works, terminated $6000000.00 jews, like microbes to be annihilated, even 77 years after the holocaust hatred towards jews is still prevail. oh, history's anti semitism starts july, 2nd. oh, d w. mm mm.
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ah ah . the state of the news line from berlin of powerful earthquake strikes, eastern afghanistan, the officials say a 1000 are dead and many more injured making in the countries deadliest quake and decades. also coming up here in germany, chancellor, olaf showed says, democratic nations have joined forces as never before to combat russian imperialism in a speech to parliament. he said, germany would not sure if security responsibility and this comes as the 1st german heavy weapons arrive in ukraine.

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