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tv   Business - News  Deutsche Welle  July 7, 2022 4:45pm-5:01pm CEST

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are wanting households around the world also on the show can india help steer? it's auto industry toward an electric future. early signs are promising. cologne, welcome to the show. i'm seeing beardsley in berlin. 71000000 more people are facing poverty. that's according to a new you in study that says is the consequence of soaring food and energy prices unleashed from russia's war and ukraine, households are scrimping charities are scrambling for donations, and families are under pressure. in this plantation in been in yasenya, or donna, is choosing a batch of cooking bananas at her meal. she will turn them in to plain tain flour, but luckily, produce alternative to wheat flour. her little shop as almost doubled its production since the beginning of the russian invasion of ukraine appeared before the war in ukraine. i produce at least 80 kilos per month than one
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. but now i produce up to a $150.00 kilos per month. and when the market is on and one yell unless 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 programs 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
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. it's a die, 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, you're out 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,
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which is aggravating things even more in 2000, the price of weed was at $2.50 per bushel before the war in ukraine, this number had doubled to $5.00 per wheel and we had 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 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 $74.00 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
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n g o z efforts by groups to push more trade to other places even by nation, such as brazil, for example, filling in more with wheat, where in were 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 source 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, both 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
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help in the short term. yes, and that is happening already every year. by, 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. i want to leave it there, hold on vet scope with a person in berlin. i'm afraid we're going to leave it there. thank you very much. all right, let's go now to some the 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
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remain high in may, while vacancies did drop, they're made above 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, where most of india's autos are built. 25 year old swan a lot. the ready works as
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a systems engineer for one of the country's biggest car makers. it's great news for her family. this means a lot, but 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. i know destiny also can someone else on the region is booming as an automotive industry. location and it's future is electric. starting at 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 a switch because of a policeman. the cost of diesel is very, very high. and the reason the of these and is it is closing all $100.00 rupees
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vanita. and that's, that's 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 now. elderly. the toilet industry 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 chin 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
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a magnet for young engineers or correspond charo car to kate joins me now from dell, a 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 this fiscal anywhere between 800002900000 electric vehicles will be sold across the country. that's a big jump as compared to what the situation wasn't 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 t 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 ag 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 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.
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infrastructure is still inadequate across the country. but as more and more 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, it 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 be the 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 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 in about 70 to 80 percent of india, auto exports as restricted to the to wheeler segment. steven alrighty. to be corresponded tro carter 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. which water ah, [000:00:00;00]
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with ah ah, the international legion in ukraine. 1000 some fun teams from award risk their lives fighting against putin's war. we a company captain from south america and saundra from new when a lot of bombing down on their way to the front return. uncertain focus on europe in 30 minutes on d w. ah
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ah, what people have to say matters to us or me. that's why we listened to their stories. reporter every weekend on d. w. and kathy gay, i hear that iowa sexual assault survivor, a filipino elijah, elijah, for those of us, can we shoot, speak up, step up and say the 2 women in asia are back to see if it's too simple. now, don't be afraid to make mistakes. nothing can stop me that you are right i. i am actually the feeling found her purpose. so
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probably take the job. is me her women into this week with this is dw, is life from berlin. britain's prime minister agrees to resign, or is johnson has been facing mounting pressure from his own party with more than 50 members of his government quitting. and the last couple of days, despite this,

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