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tv   Business - News  Deutsche Welle  July 12, 2022 6:45pm-7:01pm CEST

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one is thrilled about it. flown, welcome to the show. i'm seeing fiercely in berlin, ukraine, russia, and turkey will join the united nations on wednesday for a new round of talks toward freeing up great exports from ukraine. that's according to russian media. reports of the announcement follows growing global pressure for more political solutions to rising prices. and growing scarcity of commodities such as wheat and corn, more nations of our warning of urgent food crises and even starvation within their own borders. their message, the war and ukraine is making a bad situation. even worse for the week, crop is mature and ready for harvest. here in ne pro pet brusque, 400 kilometer, se of the capital, keith. but as the grain warehouses are filling up, the war is drawing closer. lemme see, there is 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
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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 and warehouses. those crews are ukrainian grain cannot enter the international market because ports are blocked. the c route was the most important, but now it is an option. so the demand for our grain as decreased on monday, we porpoise measure. so some eulogies, ticks, routes through europe are being developed with europe can handle the large quantities of grain reproduce that a lot or it's kicking movement of value. ukrainian farmers are stuck with their we and are missing out on vital income. in peacetime, ukraine exports about 30 percent of its grain to europe, 30 percent to north africa, and 40 percent to asia, who finds
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a solution whole open support because result opening ports. i don't sees it, the ukrainian form was will source and it's feels to if ukrainian pharmacy will not survive, will will, and be able to feed in 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 trains, farmers but just margaret is general secretary of the german food charity that home to her for mathias, we hear a lot about the growing hunger crises around the world give us an idea of just how 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
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word and we see again huge rise in numbers. so up to 828000000 people are hungry, do not have enough calories to eat. and of course, the war in ukraine is adding to what we have already as courses 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, or 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 food, commodities, 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
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and money is important when we see already that our programs of w h. h are to know for but also the word food program. i'm not running anymore because money is missing. for, for the dyer, food 8, and therefore we are calling on government to top up their contributions so that we can deliver food to those who are needy at the moment. are you seeing signs of suggest the governments will respond to that call and also from private donors? well, there was a new initiative by the g 7, which was concluded at the g 7 summit the other day in a mall here in germany. where they have initiated the so called global lines for food security, and they have pledged to $4500000.00 us dollars. this is a 1st positive sign, but we also know that this is not enough. scientists have have said,
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we need $14000000000.00 every year up to the year, 2030 to make a significant contribution to end hunger. all right, a significant hurdle there much. yes. mortgage, general secretary of the german food charity that's willing to 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. a 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 and finances globally. experts are taking an increasingly dim view of germany's economic prospects. that's
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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 at their 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. r. i christie manuel is our correspondent in brussels. she joins me now for more. christine, how our economies within the euro's own, reacting to what we thought was in approaching parity, and now it's there. yes,
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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 dial 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 to, 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 la pin to target, particularly that and your zone finance ministers are meeting to daycare in brussels. going into that meeting, they talked about having to address those issues,
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how to fight those inflationary pressures to ease the burden of european citizens. but also look to stimulate and growth across the eurozone 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 one ukraine. how commodity prices would have more in effect here than katie. 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 christians are excited, so 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 reports from dubrovnik. miles and miles of adriatic coastline. nearly 20000000 people came to visit croatia in
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the year before the pandemic tourism is a key source of revenue on to now you paid with this de coon are the local currency, but croatia wants to adopt the euro next year. and creations are split with a question of who will benefit from the new currency. this is the place most stories one to see in dubrovnik, the old town, the sand such views from our there are pretty amazing for 20 euro per person and we've unhook of each guides tourists from pull and u. k. and canada through dubrovnik, the war and ukraine means hundreds of thousands of russian and ukrainian tourists are staying away. he hopes the euro will mean even better business. people will spend more money if it's only euro's own and they are going through is only $1.00 currency annually from tourism. answer is them. sector is the vast majority of the
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business and revenue for asia. but for local living in dubrovnik is getting pricey. inflation reached in your record in may 10 point 8 percent. net. i'm not happy. i have a 400 year old pension. what can i do with it? nothing. the fish vendor says with the euro prices will go out further because every one will round up prices. he would prefer to keep the coon at. he sat a mom asleep while we have our own currency. hans, 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? so he fights for affordable housing. you don't have people who would pay rent in the old town. one bedroom is more than $500.00 euros too much for locals. there. everett income, 800 euros. clear bright is our old radio catastrophe. inflation is officially
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just 10 percent, but if you asked 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, the top is a story we're following for you. ukraine, russia and turkey will join the united nations on wednesday for a new round of talks toward freeing up brain exports from ukraine. that's according to russian, russian media reports. and that's it for me. and the dw business team,
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you can always find out more about these and other business stories online. check us out on d, w dot com slash business on youtube, or the d. w. news channel, or see from beardsley watching with ah,
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