tv Business - News Deutsche Welle July 25, 2022 12:15pm-12:31pm CEST
12:15 pm
ah, and that's it from me on the new steam fun hour and update for you at the top of the hour, but don't go away to the business is up next with ropes that's coming up after a short break. remember, you can also find lot more news around the clock on a website, d, w dot coleman, to follow us on social media. if you don't already. got office export. ah, someone else to the tv highlights, it's selected for you. you every week in your inbox, subscribe. now. his goal is establishing and order. she ging, pain, president of the global powered china, is part of a whole system which believes his time has come. he relies on an authoritarian system of total surveillance on economic expansion without scruples
12:16 pm
and again and again, it provokes and threatens with military aggression. the chinese president believes that his way is for superior than that of western democracy. china's president, she jing ping starts july 30th on d. w. ah, brushing baldwins provide a reality check to grain markets. elation over a deal to see week once again, leaving ukrainian force that prices to tumble on friday. but russia's attack on my desk or over the weekend showed business as usual, is far from the short and from week to he 12 discussed how the global economy could be affected by global warming. as the impact of climate change becomes ever clara to see, see, to be a business, i'm of what's in berlin,
12:17 pm
welcome to the program. the concern over global food inflation is far from over. we prices jumped by 3 percent at the start of the week following a russian missile attack on the ukrainian port of odessa. the bombing occurred just hours after kia and moscow recent agreement for ukrainian grain carried off. it would allow for some $25000000.00 tons of rain stuck in the country to be explored to by sea. we prices dropped 6 percent on friday to levels not seen since before. the russian invasion for the weekend bombing provided a reality check, showing that getting shipments out of ukraine may not be as simple as once. well, let's discuss this further with professor martin came from the center for development research at the university of bon. thank you so much for joining us on d. w. business. i mean, this is a reminder that ukraine is still at war, isn't it? so how much hope is there, that these grain exports can resume as noble at some time in the near future?
12:18 pm
will i think back to normal, we are far away from that. the missile attacks showed that trust in president putin and the national agreement is shaky and not given. but there's certainly hope that at least the birth ships may resume exporting grain perhaps. and a couple of weeks there are couple of steps that need to be taken. mindset to be removed, the grain has to be brought to the parts. ships have to be made available. international cargo companies have to be willing to send their ships for these exports. this is also an insurance question, so we are still relatively far away from getting back to normal and there are so at least the, perhaps the 1st exports to start in a few weeks. meanwhile, has been somewhat less 5 months since the invasion and since normal wheat exports
12:19 pm
were able to take place. what of countries been doing to change how they get hold of their grain in the meantime? well, i mean, those countries that are particularly dependent on exports when ukraine have obviously been looking for other sources for other x offers. but that's difficult. i mean, the market is seeing that the prices were record heights, and that means there isn't just enough rain that could be export or to replace what's missing from ukraine. and that means some countries, shipments from a few other regions, but over suffering from the extremely high prices. and this means that the hunger has been going up, especially in were a population segments of africa and asia. and we do know that hunger today is much larger than it used to be before the start off the war. now that they've seen that, you know, that is not necessary to reliable just just be getting your, your grain largely from, from ukraine. does that mean that countries are changing,
12:20 pm
how they, in the long term get their grain and that actually ukrainians exports will never be what they once, what will i see the they could go back to what they were if russia really and all that will happen. but because global the mom is, is increasing and so we have scarcity, we have harvest chart, all the climate change, and we're living on the world's finite resources that the small planet. and that means ukraine with the land and the water that it has. top condition pulse of production will certainly be needed. and that's what we hope to get in key exposure in the long term then. okay, matching came, which is around to time to thank you very much for joining. yes, thank you. now while russia has been blockading black seaports ukraine and its
12:21 pm
neighbors have been seeking alternative routes for the countries, crucial food exports, grain thought at the file only eternal pill in ukraine. it should be long gone, but it's still year. the black sea is blocked amid the war with ukraine for the wheat cannot be transported. the manager of the storage facility measures the humidity frequently because grain stored for a long time molds quickly. lots of tissues who knew it was still have 6000 tons of grain stored here. why are we supposed to put the week when the next harvest starts? luxury of love. there's lot of scary. any amount of grain could be left on the fields. more delicious herdlica, cuz a local farmer try to empty his silo for the next harvest, sending
12:22 pm
a truck to neighboring poland. but the driver was on the road for 14 days and the transportation was extremely expensive. they are a long traffic jams on both sides of the border between poland and ukraine. drivers often wait up to 7 days from boston. yep. just to few lanes for the vehicles and that's why we always have this problem. we've been here for 2 days and that's nothing but rail transportation is also challenging. grain needs to be reloaded from ukraine and wagons to polish ones because the 2 countries trains run on different sized tracks. another problem, the polish transfer stations are old and ill equipped. so they cannot handle the huge volumes of precious bread wheat needed in africa. and the large amounts of corn, rape seed. and so scrap headed for the
12:23 pm
e u. the trip as we emma nonstop were working 24 hours nonstop. less of you golf e is just so much other than just not enough wagons and workers to reload even more goods from ukraine's and she has dallas' crime. despite this, the farmers are able to transport around 1500000 tons of grain to ports in the e u every month. but it's extremely expensive on just us. and in the end, it means that ukrainian farmers, a bailey, benefiting from the high prices on the global markets called profit. yet with full storage facilities and a desperate need for grain around the world. are these farmers, a whole been ukrainian ports on the black sea will soon be reopened. we're moving on recent hate ways have made one thing clear. the world is halting up as temperatures rise, research as a warning, the global economy faces may to losses if humanity fails to act on climate change. we don't slow global warming in line with the powers agreement. global j. d. p will
12:24 pm
contract by 18 percent by the middle of the century, according to zurich based ranch or a swiss re it's warrant that economies in asia will be hit hardest. in fact, china is at risk of losing nearly 24 percent of its g d p. in a severe scenario, europe could lose almost 11 percent world's biggest economy, though the u. s. central is close to 10 percent. so to discuss the risks facing global economies and whether or not governments are awake to these risks, i'm joined in the see why i didn't or engine from d w environment, thanks lot being with us. so when we talk about economy is being affected by climate change, what we, what we actually talking about was of impacts does it have? so what scientists have shown is that by having already burglary, the fossil fuels and heat the planet with the economy of the, of the tie. well, there are countries mean from this and that range from everything from in a day like today where it's really hot,
12:25 pm
where you're sweating behind your desk and unable to concentrate properly. it reduces productivity through hot temperatures, but at least all sorts of more severe effects. for instance, things like a lot crop losses, which mean the countries are unable to feed people even. i'm going to see both of them, you know, kind of ex, across the world. but also to kind of some of these more extreme wet events. so things like storms and hurricanes are becoming more intense and stronger when they wipe out coastal communities destroy tourism industries. and it goes all the way up to the most kind of unpredictable events, which obviously in a study like this, you already factor in very well, but things like pandemic which are also becoming more likely because of climate change. and we know that demick the lot now that we experience with it, obviously had a huge effect on the economy. so do you think governments are awake to these risks and they're doing enough to mitigate them to short out 3 of them not doing what they should be doing if they were to treat just purely rational from an economic perspective. i mean, i think that very clear country like the u. s. even if we think about climate
12:26 pm
change for a 2nd and just think about the number of people dying from air pollution from fossil fuels, it would make financial. so make sense to switch to clean energy purely on those grounds. learn then when you factor in the heat wave, when you factor the while, i think of old people across the rest of the well suffering a result of the pollution. it's completely not a rational choice of being made on economic grounds that i didn't your engine from, you know, environment, thanks for staying across town and you'll be keeping across it. there's not a problem that's going away as now, july has seen reco. temperatures reached in parts of europe as a heat wave swept across the continent, though some have enjoyed the sunshine is brought added misery to many european farm as in italy, a prolonged droughts means rice harvests are down as traditionally fertile lands dryer. rice farmer george george o doughty is measuring the local water. he fears that salt water has seeped into
12:27 pm
his field as a result of the extreme drought felony. hi, salinity shows up in the foam. we have to keep an eye on that. in the worst case scenario, we would have to shut the supply down here immediately. to do that, george, you would have to flood his rice field in the po delta. one of europe's most fertile areas. but there's been little rainfall, northern italy since november water levels in the po river are low. the bell cooper. this worries everyone because with supplies running out of the city or right shortage is becoming a problem for the entire rice production chain. nobody in the van with the da sienna, that is the pole river water level has never been as low. with the rivers, water pressure falls, sea water flows upstream, and solidity rise blue. previous remedies are no longer effective. take salt water barriers, for instance. sea water has repeatedly surged over them,
12:28 pm
landing in the river, another solution, artificial lakes to trap river or rainwater after rainfall. but there are still far too few of these. currently 90 percent of italy's rainwater is not captured. meanwhile, the water situation is getting worse. the region of nato has asked neighboring cell to roll to release more fresh water from its power plants in the mountains. but where is the water supposed to come from? in the open valley, that's ugly reserve power plant is at a standstill. the lake is only 4 per cent full. there's nearly no rain here at all, and there's exceptionally little snow on the peaks. the glaciers have long since melted, and so there is also no melt water. then b, o d say if we were to continuously deliver the amount that the nate to would need or had requested all the reservoirs and sell to roll would be completely empty. within 20 days. i sit there all been and forensic dog and completely assigned in
12:29 pm
northern italy. people are already talking about a water war in the summer as only just begun now. so from the business team here in berlin, from, from us to head over to our website, d dot com slash business from the d to we news youtube channel as well. and on facebook as data, we don't business until next time ticket that creeping along a dutch beach had a pin, giant, a dragon. no. these are strand be propelled by the wind, 1st created by artist taylor johnson over 30 years ago. and finely tuned to this day your romance.
12:30 pm
if you ever have to cover up a murder, the best way is to make it look like an accident. raring to read. you've never read a book like this. literature list, or germany last reads. ah, ah, ah, ah. they looked like fantasy creatures, but they were actually invented and built by one very creative man, find out more about the so called strand. these are beach animals later in the program. hello and welcome to another.
29 Views
Uploaded by TV Archive on