tv Business - News Deutsche Welle July 1, 2022 1:15am-1:31am CEST
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nato leaders have ended a 3 day summit with a pledge to continue supporting ukraine. they're committing to a significant increase in forces in europe. the last day also focused on the global food crisis. nato leaders blamed russia for rising food and energy prices. that's all for now. up next did on the business with rob watts and another controversial ruling from the u. s. supreme court. don't forget you can go to our website dw, dot com for the latest news. round the clock. i am ami and isa from me and the rest of the team here. thanks for watching. sometimes books are more exciting than real life. raring to read. oh. what if there's no escape?
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do w literature list? 100 german ma street. the resurrection of jesus christ is obama. go bavaria. the world's largest passion play is back every 10 years, visitors come from all over the world to see the staging of the biblical story. and this time it's more up to date than ever. obama go of village and it's passion. letters starts july, 3rd on d, w ah, the white house calls it at devastating decision supreme court ruling clips the powers of the us climate regulator. so what does it mean for america's energy sector? under pressure to help soaring energy prices, the
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o 5 plus oil cartel agrees to press ahead with moderate monthly output rises, and as ferdinand marco's junior takes office as president of the philippines, can he keep the countries economic recovery contract? this is to be a business owner of what's in berlin. welcome to the program. it's a blow for jo biden's efforts to turn the u. s. economy green. the supreme court has curved the powers of the country's top environmental regulator. the court's ruling restricts the environmental protection agency's the authority to regulate greenhouse gas emissions from power plants. the decision also throws open the possibility of further limitations on the president's power to intervene elsewhere on environmental policy and puts into doubt biden's plans to push businesses to act in an environmentally responsible manner. white house says it's a devastating decision. it aims to take the country backwards. for more on this, i'm joined by louise osborne from d w. environment in the serious iler is thanks
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a lot for joining us. can you just explain to us in a bit more detail? exactly. what's happened here? ok, so this is the decision that is going to make jo biden's life even more difficult than it already is. it's basically limiting the government's ability to tackle climate change elements, the power of the environmental protection agency to curb carbon emissions from power plants. it basically the supreme court made the ruling that the e p a had no competence to make this decision by themselves or to, to do this by themselves. and that only congress had that competence. quite another sort of yeah, legal wrangling going on. but what does this actually mean ultimately for businesses in the u. s. a. well, if you're running a power plant, obviously this is great news for you. for everybody else. there are companies that have invested a lot in green, changing their company to be more green. for example, this is going to be bring a real atmosphere of uncertainty for them. they'll want to know what's going to
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happen next, who is really in charge, who is making the decisions that there is also a limit that is being put on the federal government and what they can bring forward . and this could run to anything from standards about clean air, water, consumer protections, banking workplace safety. so this really has wide implications. yes as president, doesn't it? so for businesses, but presumably there are implications well beyond that as well. for the environment, for example, i mean the u. s. is the 2nd largest emitter and any curb on that, it's ability to reduce its carbon emissions are going to have implications for everybody. president trump, for example, had already abandoned the paris agreement, which would, is the global effort to reduce temperatures, to well below $1.00 degree since grade celsius. sorry. and before like
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above, pre industrial levels for president biden brought the u. s. back in. and this is going to be a problem in terms of them trying to keep their carbon emissions low so that they can meet their goals under the parts agreement, the supreme court, not too popular with the by the administration of the members. so i thought well, louise osborne from d w environment. thank you very much for bringing this up. take takes the oil cartel. opec and its allies will increase daily output by 648000 barrels of oil in august as announced on thursday. opec plus is it's known which includes saudi arabia, russia, and other major o juices is sticking to a plan of moderate increases despite growing cause to counter rising fuel prices by raising out by more light boost is expected to do little really, to relieve the energy fuel inflation plaguing the global economy
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across to our financial correspondence in new york to the australia on this tele or is there any reason to believe that the soaring energy prices of the us, among all, many, all manner of countries is experiencing it, goes be brought under control any time soon, these short and unfortunate answer is no concerns still loom despite these promises to up production, the war in ukraine in the global supply chain. disruption have really wrecked havoc on the energy supply. the problem at hand is whether or not opec plus can actually meet its promises. now, we just saw a report yesterday that it is failed to meet its quotas by about 3000000 barrels a day. that's quite significant. earlier this month, they had promised to up their production by more than had been anticipated. now in 2020 actually when there was the demand shock of these countries have struggled to up their production since and go beyond what's needed right now. so concerns. yes,
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there, they're still looming in terabyte in is due to visit saudi arabia during july, another or a big producer of oil i was hoping to achieve during our visit. well, the u. s. is struggling with these high prices just like everyone else. the biden administration would like to lower them, and this is, he's going to saudi arabia in july, as you said, despite the political tensions between the 2 countries. yeah, he's actually hitting some criticism for it. but why? well, we just were talking about the countries that can't meet their quota as those are countries such as nigeria and, and go la, well saudi arabia and u, a. e, they are the only countries that have the spare capacity to actually increase oil production. however, that spare capacity is shrinking. so even after this, they may struggle to the the new york stock exchange for us. thank you very much
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for bringing up to date on that. let's look at some of the other global business stories making news around the world. ukraine has received a loan of a $446000000.00 from the world. buying. united kingdom has agreed to guarantee almost the entire amount. the country's finance ministry says that on a set on thursday, the funds would be used to pay public sector employees. amazon is limiting purchase of emergency contraceptives to 3 units per week in the united states. the decision comes after the supreme court overturned a long standing ruling that declared abortion a constitutional right. amazon says it aims to prevent retailers from stockpiling birth control products, visors. german partner biotech says the 2 pharmaceutical companies will start testing a new corona, virus vaccine on humans. this year the shot has been designed to protect against a wide variety of corona viruses. they have the universal dose or better protect
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against on the chrome and it's of various offered nan. marcos junior has taken office as president of the philippines marking the return of the country's most infamous family to its highest office. marcus used his inaugural address to say he wanted to talk about the future, not the past. for the countries economy, that means recovery from the pandemic, and a battle against inflation. you know, gratian of ferdinand marco's junior marks and astounding return for the son, whose father was ousted from office 36 years ago. but in his inaugural address, the new president instead focused on post pandemic, economic revival hours was the fastest growing economy in us, ian my ways. now all they did, i want to build on success that's already happening. we will be presenting the public with a comprehensive infrastructure plan 6 years could be just about
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enough time. no part of our country will be neglected. mark, also known as bumble, won a clear victory thanks to a massive social media campaign. he succeeded in casting his father's era in a positive light, despite the murder and torture of those who opposed his government. the new market is inheriting a growing economy. the government expects to expand gdp up to 9 percent this year. but while the country may be emerging from its covey, downturn filipinos struggling amid rampant inflation. much like elsewhere, rising prices and energy shortages, a wreaking havoc, michael vital challenges. the new president will be hard pressed to address that germany has seen a visible uptick in its latest jobless figures due to ukrainian refugees. may them are registering as jobs seek as pushing germany's unemployment rate up by less than
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half a percentage points to 5.3 percent in gene countries. federal labor offices, as the number of been employed increased by a 133000 but across the u. job markets are in a variety of states in croatia as an especial, especially strong need for workers. that's why that's partially why ukrainians are being well. summer, her son and the see here on the coast of history in croatia, the hospitality industry expect so record season this year. all nina, columbia cova fled the war and ukraine. now she already has work as a waitress here. i guess i just checked people they ought to climb. they understand the situation then it was nice on that to me out from ukraine, even they help us sit even they see that i some seen her from god.
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paulina has been working here for a month. thank she's already learned some croatian 2 very important for all of law sir who are from ukraine because to week if have an opportunity to walk into and money. and we are in, in a pace who plays the hotel as welcome, ukrainian workers for years. it's been struggling to find staff situation has dramatically changed, so it's changing rapidly, especially now industry. the few reasons for that. for some people from crecia moved out to germany to ireland. ah, some people are definitely changed their probation. santa was forced to leave ukraine because of the war. she was the 1st to be housed here and carnita and helps other ukrainians look for work. a lot of people
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agreed do every scene because i don't want stay in the whole douglas and in general hospital and of course need to do something on. meanwhile, sonia has been hired as a refugee coordinator by the local authorities. senior. doesn't plan on staying here. she wants to return to her family and ukraine, so croatia might have to find other solutions to fill it. skilled workers shortage . that's all from us. oh, ah. enter the conflict zone with tim sebastian in ukraine, the strategic east coast city of savior. danielle fall last week to russian forces mocking what some western exploits called a critical point in the conflict. my guess this week has an unusual role in this
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war. earlier paula mario, one fact in the lower house of russia parliament them became the only member to load against the seizure of crimea. the conflict is looking on d. w. get to the point, strong opinions, clear positions, international perspectives, liberty that is the big american trauma as a foundation of the american dream. and it's a beacon that shines around the world with that american brand of liberty is on the threads. find out more on to the point to that point. in 60 minutes on d, w o. in little nar,
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davinci is mysterious masterpiece. this 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 today? search for answers starts july 7th on d, w. in ukraine, the strategic eastern city of savior done yet well. last week the russian forces mocking what some west the next. what's called a critical point in the complex. so where does it go from here? the weekend, g 7 leaders restated support for key f. but.
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