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tv   Business - News  Deutsche Welle  July 7, 2022 12:15pm-12:31pm CEST

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which was opened 2 years ago, while others have moved on a deposit. he says she hopes she'll get some closure when the trial is over and provide her at the breaking news. we brought you all the a the you case battled prime minister bars johnson will resign as follows, the departure of more than 50 members of his government, including several senior members of this thing. are expecting a statement from ours. johnson, shortly to bring that to you live 1st dw business and steve beardsley. i'll be back next hour. you can always go to our website with i go, mike speaking, how can miss passionate hatred of a people be explained?
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a gold tongue go. a history of anti semitism is a history of stigmatization and exclusion of religious and political power struggles. it's a history of slender of hatred and violence even 77 years after the holocaust hatred towards jews is still pervasive. a history that you semitism this week on d. w ah, ah, ah, 71000000 people thrust into poverty in a matter of months. that's already one legacy of russia's war in ukraine, according to a new you in report. it says, rising food and energy costs as well. scarcity or undermining households around the world. also on the show can india help steer?
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it's auto industry toward an electric future. early signs are promising to loan. welcome to the show. i'm seen goodly in berlin. 71000000 more people are facing poverty. that's according to a new u. n. study. it says as the consequence of soaring food and energy prices unleashed from russia's war in ukraine, households are scrimping charities are scrambling for donations, and families are under pressure. in this plantation in been in use, yano dano is choosing a batch of cooking bananas at her meal. she will turn them in to plain taint flower . a luckily produce alternative to wheat flour. her little shop has almost doubled its production since the beginning of the russian invasion of ukraine. i landed before the war in ukraine. i produce at least 80 kilos per month. i'm one. but now i produce up to a $150.00 kilos per month and when the market is on one yellow,
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mushy. the war quickly aggravated the dire inequalities already caused by the carving 19 pandemic and climate change over the last couple of years. as a consequence, west africa and many other poor countries are now facing their worst food security crisis since the start of the world food program. 0 hunger initiative in 2015 with cool did. what we saw is effects that works were labor, markets locked downs and income that was slow and cumulative, but had a very strong impact over time. so the official estimates are about 125000000 people falling into poverty over about 18 months. so what we find right now is that 3 months of inflation have drawn about 71000000 people into poverty. today more than a 128000000 people are undernourished worldwide. it's 150000000 more than 2021 . it's a die,
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a reminder of how the rise and inflation and the global disruption of supply chains can drive inequalities affecting 100 of 1000000 of poor people around a world held funded sca is an agricultural economist at humboldt university in berlin. he joins me for more of food supplies have been massively hit over the past few months. we've been talking about this since the beginning of the war. can we say whether the situation is getting better or worse? it has gotten worse worse, and it's a matter of both is increasing scarcity on international agriculture, commodity markets. and it's a matter of distribution. and it's a combination of 2 things. one is that the times of plenty, all over in world agriculture, the world food economy has ended in you year of scarcity. what we've seen since 2000 is that agricultural commodity prices and the to rise. and on top of this, we have the war in ukraine, which is aggravating things even more. in 2000,
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the price of wheat was at $2.50 per bushel before the war. in ukraine, this number had doubled to $5.00 per wheel and we are no way $8.50. so 3 times more than 3 times what the price of we are on the turn of the millennium. and it's clear that this must have been significant impact on hunger around the world. and in my book, we are close to $1000000000.00 humans well hungry, right? those are people who have a $1.90 or less per person, and 8 in purchasing power and went to spend 70 or more of them. you got income on food. and what about i clear this must significantly increase hunger around the world. what about efforts to offset some of those aberrations and trade routes that have been caused by the war efforts by n g o z efforts by groups to push more trade to other places even by nation,
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such as brazil, for example, filling in more with wheat, where in where nations like india pull back, is that making any kind of difference in the short term? in the short term, we have indeed the potential to increase for food supplies around the world. and one of the most significant sources would be to get ukrainian grain and other agricultural commodities to the world markets for this to actually happen. however, we need at least a ceasefire and in that part of the world. but also the european union has some potential to mobilize additional resources for food crop reduction by discontinuing temporarily the greening program, which acts to take that land out of agricultural commodity production. on ask you really briefly, is it possible that the rising price of wheat will actually encourage more planting that in the middle term could actually answer some of these problems that may not help in the short term. yes, and that is happening already every year. by,
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on my book we lose 4 and a half 1000000 hectares in natural habitats because of acreage expansion. and these high prices air dramatically increase the incentives for an additional increase of the agriculture in a krench around the globe with dramatic consequences for climate and biodiversity. right? want to leave it there, hold on vet scope with our city in berlin. i'm afraid we're going to leave it there . thank you very much. all right, let's go noticeably other global business stories making headlines. the french government will fully nationalize the energy company e d. f. the highly indebted firm has struggled to stay afloat due to a series of costly nuclear reactors shut down. the french state currently already owns 84 percent of the company, which is one of the world's biggest electricity producers. u. s. job openings remain high in may,
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while vacancies did drop their main about 11000000 for the month. that points to the possibility the fed will keep pushing interest rates higher to bring inflation down. u. s. inflation is currently close to 9 percent. european lawmakers have voted to consider natural gas and nuclear energy as climate friendly sources within the e use labeling system for sustainable financing. but climate campaigners have criticize the move saying they will challenge it in court. the european union agreed last week to in the sale of traditional combustion engine vehicles by 2035. it's a timeline that's also shared by india, e. v. production is picking up there, so was interest. our next report takes us to the indian city of china. chen i is called india's detroit. i'm a good reason. it's where many of the countries engineers learned their trade from where most of india's autos are built. 25 year old swan a lot. the ready works as a systems engineer for one of the country's biggest car makers. it's great news for
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her family. this mean the lowest? my family. i'm very happy. like as i don't like just a rule only not, not only sons has to feed their bands and we also can, someone else on the region is booming as an automotive industry location and its future is electric. starting in 2035, india will only allow emission 3 vehicles. automakers are gearing up ready works for india's largest automobile manufacturer. my hindrance is already a pioneer in india in electric $2.00 and $3.00 wheelers. it also has its own electric cars and more models are to follow up with this much the cost of diesel is very, very high. and the reason the of these and is it is closing all $100.00 rupees funded. and that's, that's,
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i have not seen in my life time. so it is pushing the electron mobility in the toilet. and busty on the 3 will industry very, very fast. it is happening and i want to be toilet investing is growing at a dead rapid base. i, i believe for 40 percent 30 to 40 percent. if you can expect to buy another 2 to 3 years german manufacturers like b, m, w are also producing and can i they are building 12 different car models including 3 electric vehicles. v w is partnering on e car technology with my hinder, which will make it the largest customer for v w e technology worldwide. sworn a lot. the ready spotted the trend early on and specialized in electro mobility. that's been a boost for her family and it's also when for chin i, the region is expanding rapidly as a manufacturing location. and it's a magnet for young engineers or correspond charo car to kate
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joins me now from delhi charo. what is the market like for electric cars in india right now? what steven or the market is big, and india is going all out and big on ease. in fact, according to an estimate is expected that this fiscal anywhere between 800002900000 electric vehicles will be sold across the country. that's a big jump as compared to what the situation was in until about just 3 to 4 years ago. of it, the cars are affordable as well. there's a subsidy. the central government offered a subsidy and has several plans. and several state governments also offer their own subsidies. in fact, just yesterday there was an announcement that the g s. d on lithium ion battery has been reduced from 18 percent to 5 percent. so the policies keep getting tweaked to give more and more impeaching to the e sector in india. stephen,
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we know that electric cars are only as green as the electric electricity that they run on. what can we say about india's renewables build out? is it running in parallel with its efforts to bring more electric vehicles on the road? well steve and unfortunately that's a momma. as far as the e sector in india is concerned, renewables are not getting up in a big way. or india continues to be largely a call dependent economy anywhere between 70 to 80 percent of india is energy needs are met by all. and so that holds true for the electric vehicles segment as well. there are plans, there are a lot of discussions at the central level as well as that state govern level to increase the share of renewables in india as energy mix. but those plans are you have to take effect. so effectively, the e sector also largely remains dependent on call the charging stations. infrastructure is still inadequate across the country. but as and more and more
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charging stations go up of the usage of call behind. that is only likely to go up steven charge. we have a better sense of how important the auto industry could be for india in the years ahead, especially when we look at jobs and economic impact. or yes, sir steven or to into c has always been looked upon as a major job generator. in india is a part of the core manufacturing sectors of the indian economy, which gives millions and millions of jobs across the country. and these are various jobs at various levels. these are at the technician levels as well as at senior management levels as well. the export potential is limited largely to the to wheeler segment, but in that segment, india is the leader in the world. india exports very large number of to wheelers to several markets in africa, in asia and latin america. now with the e v segment,
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a lot of indian guard makers have taken the lead. and a lot of us are being produced in india and take the numbers are continuously going up. it remains to be seen whether india will become, become a leading exporter of ease as well. but as of now, the export potential is largely over 80, about 70 to 80 percent of india, auto exports as restricted to the to wheeler segment. steven. alright, the debris correspond charo car to k. joining us from delhi, thank you. that's it for me and the dw business team will be back shortly with more . in the meantime, check us out online g, w dot com slash business e go india sanctuary. or says the whole, the ganges in india, a river as revered as it is polluted. enough is enough. it's a job for the plastic fisher. their trash bins are the real deal. can they stop the
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flow of garbage eco, india? next on d w, we've got some hot tips for your bucket list. ah, no magic corner check hot spot for food and some great cultural memorials to boot d w travel off we go. with where them it's left to will food. plastic packaging a broken appliances. a waste is finding up disposing of it properly is often a problem.

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