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tv   Business - News  Deutsche Welle  July 7, 2022 6:45pm-7:01pm 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. hello, welcome to the show. i'm seeing goodly in berlin. 71000000 more people are facing poverty. that's according to a new you in study, as, as, as the consequence of soaring food and energy prices on least 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 use. yano. dano 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. i landed before the war in ukraine. i produce at least 80 kilos per month. i'm one.
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but now i produce up to a $150.00 kilos per month 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 ward food programs 0 hunger initiative in 2015. which cool did what we saw is effects that works with 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 had drawn about 71000000 people into poverty. today, more than a 128000000 people are undernourished worldwide. it's 150000000 more than
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2021. it's a die, a reminder of how the rise in 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 and you are of scarcity. what we've seen since 2000 is that agriculture, commodity prices, and the to rise. and on top of this,
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we have the war in ukraine, which is aggravating things even more in 2000. and the price of weed was at $2.50 per bushel before the war. and 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. in my book, we are close to 1000000000 humans. well hungry right now with those i people, we have a $1.90 or less per person and they 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
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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 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 food supplies around the world. and one of the most significant sources would be to get ukrainian grain and other agriculture 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 agriculture, 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 acreage around the globe with dramatic consequences for climate and biodiversity. i want to leave it there 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 now to some of 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. completion 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. bod climate campaigners have criticized 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 janai chen eyes called india's detroit. i'm a good reason. it's where many of the countries engineers learned their trade. and 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 linda lawrence, but my family, i'm very happy. like as a daughter, like just a rule. only not, not only sons has to feed their bands and so 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, mckendra. it's 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 rupees for
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later. 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 under 3 will industry very, very fast. it is happening now. elderly toilet investing is growing at a debt rapid bass i, i believe for 40 percent to 30 to 40 percent. if we can expect to buy another book with 3 is 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 world wide. 6 won't allow 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? well, even though 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 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 obama, 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, according to pendant economy, anywhere between 70 to 80 percent of 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 a state govern level to increase the share of renewables in india, 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 for 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 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 it 80 about 70 to 80 percent of india auto exports as restricted to the to we are segment stephen. all right. the to the corresponding char carts. ok. 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. d, w dot com slash business to watch. ah, [000:00:00;00]
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with awe is the end of the pandemic in site. we show what it could look like. return to normal. and we visit those who are finding it difficult. a success in our weekly coven, 19 special. in 30 minutes on d. w. leonardo da vinci's, mysterious masterpiece as perhaps the greatest leonardo masterpiece and the collection of the louvre. and no,
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it is not them on the lease. it is the virgin of the rocks. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand the search for answers in 75, w west making the headlights and what's behind them? dw news africa. they show the issues in the continent. life is slowly getting back to normal. yeah. well, the streets to give you enough reports on the inside, i find the ground reporting from across the continent and all the trains doesn't matter to you. t w is africa every friday on dw. imagine how many portion of love are now in the world right now. the climate change. if any, off the story, this is my place,
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the way from just one week. how much was going to really get we still have time to go. i'm doing all with his subscriber all morning. he was like ah ah, this is d w. news line from berlin. britain's prime minister agrees to reside forrest johnson's been facing managing pressure from his own policy with more than 50 members of his government coaching in the last couple of days. despite this,

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