Skip to main content

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

12:15 pm
says reveal the 1st full color image taken by the james web space telescope. nasa says the photo is the deepest look into the universe ever recorded. taking a 1000000 miles from us. images show the earliest stars and galaxies to be observed . the telescope, a joint project between us canadian and european space programs, is expected to off, right for up to 20 years. up next dw business with every journey is full of surprises. we've gone all out. you've used them one day and in the footsteps of the great hall, i'm in your northernmost count to play
12:16 pm
with 3 times one, still very much alive, dw channels, your guy to with recognizes where exactly it was fun and i have learned a lot our culture history all their d. w, travel extremely worth a visit. ah, ah, ukraine and russia come back to the table over critical grain exports. a solution can't come fast enough, hunger is growing amid soaring food prices and rising scarcity. also on the show, the euro reaches parity with the u. s. dollar will tell you what's behind the
12:17 pm
trends and what it means for europe. and what does croatia think about the euro? it's switching to the currency next year and not everyone is thrilled about it. hello and welcome to the show. i'm seeing beardsley in berlin, ukraine, russia, and turkey will join the united nations on wednesday for a new round of talks toward freeing up rain exports from ukraine. and that's wearing to rush media reports on the announcements. the announcement rather follows growing global pressure for more political solutions to rising prices. and growing scarcity of commodities, such as wheat and corn, more nations or warning of urgent food crises and even starvation within their borders, their message, the war in ukraine is making a bad situation. even worse. the we crop is mature and ready for harvest. here in ne, pro pet bronowski, 400 kilometer se of the capital keys. but as the grain warehouses are filling up, the war is drawing closer. lemme see,
12:18 pm
there's no good price for our grains discharge facilities refuse to receive them. so farmers have to leave them here. the front line is not far in at any moment. all of this could be destroyed by a bomb or the field could be set on fire. working in the field is dangerous during war time. farmers are constantly on alert for rocket fragments or projectiles embedded in the soil. and there's a backlog. more than 20000000 tons of grain from the last harvests are still piled up in warehouses. those who are ukrainian grain cannot enter the international market because ports are blocked above the sea route was the most important, but now it is an option. so the demand for our grain as decreased when we porpoise measures are some eulogies, ticks, routes through europe are being developed with europe can handle the large quantities of grain reproduce that a law or skill movement of darya, ukrainian farmers are stuck with their we and are missing out on vital income. in
12:19 pm
peacetime ukraine exports about 30 percent of its grain to europe, 30 percent north africa, and 40 percent to asia. who finds the solution whole open support because result open in port say, i don't sees it. the ukrainian form was, will sort and it's still still if ukraine and farmers will not survive rule and be able to feed the african countries even if current grain stocks could be moved. experts warn that this years we'd harvest in ukraine will be meager, a coming european heat wave threatens to cause a major drought piling further pressure on ukraine's farmers. but he is margaret is general secretary of the german food charity that hunger heifer mathias. we hear a lot about the growing hunger crises around the world. give us an idea of just how
12:20 pm
urgent the situation is right now. the situation is very urgent. just last week. the food and agriculture organization has released the new figures of hunger in the word and we see again huge rise in numbers. so up 280228 1000000 people are hungry, do not have enough calories to eat. and of course, the war and ukraine is adding to what we have already as causes such as conflict and climate change. is this a problem that money can solve or is more political action needed by political players, especially when we look at the war? and perhaps how other countries are withholding certain exports because of rising prices? i think both is necessary. if you have talked about the export restrictions. this is the worst thing we can have because this is withholding even more commodities
12:21 pm
grains and so on, off the market. and that's a very, very bad sign. this is why we call on every state to open its borders. for experts and money is important when we see already that our programs of w. h. h a for but also the workforce program or i'm not running anymore because money is missing for, for the dire food 8. and therefore we are calling on governments to top up their contributions so that we can deliver food to those who are needy at the moment. are you seeing signs the suggest the governments will respond to that call and also from private donors? well, there is a new initiative by the g 7, which was concluded at the g 7 summit the other day in a bow here in germany, where they have initiated the so called global alliance for food security. and they
12:22 pm
have pledged $4500000.00 us dollars. this is a 1st positive sign, but we ought to know that this is not enough. scientists have have said, we need $14000000000.00 every year up to the year, 2030, to make a significant contribution to end hunger or a significant hurdle. there must mortgage general secretary of the german food charity. that's when we have. thank you very much for joining us. i'm thinking, you know, we go to some of the other global business stories making headlines. the world's population is expected to reach 8000000000 by november. that's according to a new un report. despite the new milestone population growth has actually slowed to its lowest rates since the 1950s. developing countries are driving the expansion while europe's population is aging. trend that has consequences for public policy
12:23 pm
and finances globally. experts are taking an increasingly dim view of germany's economic prospects. that's according to a new study by the z e w. the center for european economic research. it's pulling of economy shows a dramatically more pessimistic view as they're already low expectations last month . and it's mostly due to the ongoing energy supply crisis and a plant hike of euro's own interest rates or the euro reached one to one parity with the u. s. dollar on tuesday. continuing a recent trend that's put it at its lowest value in 20 years. rising interest rates and a comparatively stronger outlook in the u. s. have helped fueled an ongoing dollar rally. in contrast, fears of slowing growth within the euro zone, driven by the war and developing energy crisis, are weighing on investor sentiment. alright, christine manuel is our correspondent in brussels. she joins me now for more.
12:24 pm
christine, how our economies within the euro's own, reacting to what we thought was in approaching parity, and now it's there. yes, steve. and to that point, i have been on parody watch the last few hours. this would be the 1st time in my reporting career that i'm looking at, that you're a dollar charge and i'm seeing parity. of course, this is the story as you were talking about in the introduction. it is the tail of 2 currencies, right? you have as a soaring doll and you've got a sinking euro. of course, the dollar strengthening on, on expectations at the fed is gonna go faster and further in terms of its interest rate hikes and in the sinking euro. and, and the big issue here is genuine concerns. the fear that russia is going to cut off gas supply. so to europe and that is going to be devastating. you've got the german economy minister repeatedly warning on domestic television that the winter is going to be really, really brutal. now added to that is, of course is consistent trend that we're seeing here in europe of slow growth and high inflation. and so policy makers are looking to target particularly that and
12:25 pm
yours own finance ministers are meeting to daycare in brussels. going into that meeting. they talked about having to address those issues, how to fight those inflationary pressures to ease the burden of european citizens, but also look to stimulate and growth across the years own because that is a big concern. so going into that, that is of course, the major concern, and of course it just tells a story of how europe is being impacted more by this more ukraine, how commodity prices would have more in effect here than clearly they are having in the us, steve or a christine were or corresponded in brussels. thank you very much. or croatia is scheduled to switch over to the euro beginning next year with 6 months to go. however, not all commissions are excited. some don't want to give up their beloved corner and with inflation on the rise worldwide. there's also concern that being part of the eurozone will further drive up living costs or reporter funding for short
12:26 pm
reports from dubrovnik miles and miles of adriatic coastline. nearly 20000000 people came to visit croatia in the year before the pandemic tourism is a key source of revenue unto. now you paid with this to corner the local currency, but croatia wants to add up the euro next year. and creations are split over the question of who will benefit from the new currency. this is the place most tourists, one to see in dubrovnik, the old town. the sun such views from our there are pretty amazing for 20 euro per person and even vacovich guide stories from pool. and you k and canada through dubrovnik. the war and ukraine means hundreds of thousands of russian ukrainian tourists are staying away. he hopes the euro will mean even better. business
12:27 pm
people will spend more money if it's only euro's own and they are going through is only one currency annually from tourism. answer is them secularism. vast majority of the business and revenues for asia. but for locals, living in dubrovnik is getting pricey. inflation reached a new record in may 10 point 8 percent. net. i'm not happy. i have a 400 year old tension. what can i do with it? nothing. the fish vendor says with the euro prices will go up through the because every one will round up prices. he would prefer to keep the coon out. he sat a mom asleep while we have our own currency. if anything, during these unstable times of war happens, if euro crashes, we would have earned currency and the state could function below. martin crushed all of h represents the citizens of dubrovnik, right? he fights for affordable housing. you don't have people who would pay rent in the
12:28 pm
old town. one bedroom is more than $500.00 euros too much for locals. there. everett income, 800 euros. ha, bryce is our old radio catastrophe. inflation is officially just 10 percent. but if you ask people in the restaurants law, prices are already up by 30 percent, and this was which of the 3 the said puzzle, according to one recent pool, the majority of creations agree that prices will increase with the euro and only one 3rd believe crochet is ready to introduce the new currency. nobody can say how switching from the coon it to the euro will ultimately affect prices. only one thing is clear, just like this old coon bill from the last century on sale here. the modern coon out bank no to will soon be. an outdated currency. is a reminder of the top business story we're following for you. ukraine, russia and turkey will join the united nations on wednesday for
12:29 pm
a new round of talks toward freeing up great exports from ukraine. that's according to russian, russian media reports. and that's it for me. and the dw business team, you can always find out more about these and other business stories online. check us out on d, w dot com slash business or so on. youtube or the dw news channel. i'm see from beardsley. it's roger mission. betty colombian destination mccune with the company key to this place takes me to the school. this plan is in our service system. one of the most
12:30 pm
difficult was come, kicks and expensive research project tomorrow. today, next on d, w, a thought they will grade, he will be with a dark, cloudless night, is perfect for star gazing for admiring the moon, the celestial body with the mysterious romantic appeal. and without it, my phone wouldn't exist. but 1st we take a look at mercury. the baby columbia mission is now heading its way and sent some snaps.

35 Views

info Stream Only

Uploaded by TV Archive on