tv Business - News Deutsche Welle July 26, 2022 5:15am-5:30am CEST
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and concussion string, their careers. the claimants who include formal wiles, captain bryan jones and england's 2003 bold cup when hooker state thompson, suffer from neurological impairment such as l. the onset, dementia, epilepsy, and parkinson's disease. they argued the rugby bodies did not educate the athletes about the risks of permanent brain damage caused by repetitive concussive impacts. with that you're up to thy doc film is coming up after a short break. our website at d. w dot com is there for you at any time as are the social media channels to be found at the w. news on anthony held in berlin for now. thanks watching people in trucks injured when trying to flee the city center. more and more refugees are being turned away. families, therion with
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people being screened around 200 people with around the world. more than 300000000 people are seeking refuge. why? because no one should have to flee. make up your own mind. d. w. made for mines ah, russian bombs provide a reality check to grain markets following elation over a deal to finally resume wheat shipments from ukrainian ports brush as the attack on a death has led to deflating hopes of securing global food supply. and
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we take it to the philippines, where president ferdinand marcus junior has delivered his 1st aid of the nation address where the weighty promises for the economy. what can he deliver? this is the w business. i'm janelle dumas on in berlin. welcome. fear is over, food inflation are far from over. global weight prices jumped by 3 percent at the start of the week following a russian missile attack on the ukranian part of odessa. it came just hours after achieve and moscow reached an agreement where the united nations and turkey to allow for some $25000000.00 tons of grain stock in ukraine to be exported. we prices dropped 6 percent on friday to levels not seen since the russian invasion, but the weekend bombing showed getting shipment out of ukraine remains complicated,
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causing the spike in week prices. monday. a while russia has in blockading black c parts. ukraine and its neighbors have been seeking alternative routes for the countries. crucial food exports, grain stuck at a silo. ne, eternal pill in ukraine. it should be long gone, but it's still year. the black sea is blocked amid the war with ukraine, so the wheat cannot be transported. the manager of the storage facility measures the humidity frequently because grain stored for a long time molds quickly. let's move to shoes. who, mcgrew? we still have 6000 tons of grain stored here who well we supposed to put the wing when the next harvest starts. luxury of love there's no awful, gary, any amount of grain could be left on the fields more delicious. only because
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a local farmer tried to empty his silo for the next harvest, sending 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 transport stations are old and ill equipped. so they cannot handle the huge volumes of precious red wheat needed in africa. and the large amounts of corn,
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rape seed. and so scrap headed for the you. the trip as we eminem stop. we are working 24 hours nonstop. most of you, off e as to so push a bit, that's just not enough wagons and workers to reload even more goods from ukraine's . it, she is jealous. okay. despite this, the farmers are able to transport around 1500000 tons of grain to ports in the e u every month. but he's extremely expensive on just us. and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets, called profi tim with full storage facilities and a desperate needful grain around the world. how these farmers o been ukrainian ports on the black sea will soon be reopened. reasonably partners in all duel. meanwhile, on wall street, investors are gearing up for what the business press is calling a make or break week. our correspondent yann's corta is at the new york stock
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exchange. kenzie is a really a make or break week general in general, i would say a yes say so much at stake him in the next couple of days. i mean, on wednesday we have the next meeting. there's no doubt that we will see an interest rate increase. the question is, by how much by $5075.00 for maybe even a 100 basis points that by the way, it could also have an impact on the dollar that has been super strong so far here then on thursday we will get the latest 3 the, the 1st reading on g d p numbers and just remember in the 1st quarter g, d, p drop by 1.6 percent. so if the number for the 2nd quarter should also be negative and that could happen then. technically, we would be already in a recession here in the united states, and then also earnings earning earnings about $175.00 companies out of the s and p 5. hundreds will come up with their earnings report this week. so
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a lot going on in general, definitely. but especially tech stock seem to be in for a ride. what are you expecting in well, i mean, so far i would say the theme of the earning season is not as bad as fear term. so we are not necessarily expecting super strong numbers, but it might be good enough if they're not as bad to expect that we already did hear from some big tech names even before the earnings report from a facebook, for example, from an apple, from some other from microsoft and that there might be some hiring freeze companies might be forced to cut costs. so that could be a theme specially when it comes to the big tech names this week. we also heard that the strong dollar might be having an impact on the earnings. so we will have microsoft to, we will have a google, we will have facebook, we will have apple m as in all of those out earnings. and then on top of adults
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with household names, mcdonalds, coca cola, general motors, the big oil giant on friday. so yeah, when it comes to earnings, especially tech companies, there's a lot of. thank you. yann's carter there in new york for us and here some other business news gas prom says it will further cut deliveries of natural gas threats. nordstrom, one pipeline, the russian state own company will lower the flow to germany to 20 percent of capacity this week. it says this is due to repairs. germany says there is no tactical reason for the cut morale among german businesses has fallen as rising prices for goods and fuel damping growth prospects according to a survey by the german e fo institute think tank published on monday. the fo, business climate index felt its lowest point in 2 years as companies anticipate intern army recession to the philippines. now,
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where the president ferdinand marcus junior, delivered his 1st state of the nation address. marcus outlined his administration's economic goals, including having between 68 percent g d p growth in the next 5 years and slashing the country's poverty rate. the country is a buckling under soaring fuel and commodity prices and a continued struggle to recover from the coven. 19 pandemic. i'm a join now of a journalist, anna santa. she covers of the philippines and follow that speech for us on a mark says, 1st state of the nation address, open on the economy. what did you make of his speech? chanel? it was all about the economy. and after months of motherhood statements from his campaign about unity and bringing the nation together. finally, we saw what was like a checklist on the things that he was going to do to revitalize the economy. the were 19 legislative priorities that he set out. but i think what really stood out to me the most was like how it was progressive in terms of its focus. there was
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a lot of mention about technology both as a way to digitize the philippine economy and bring it forward. and also as a contributor to the economy, the digital industries also climate change and addressing it as o, u. one of the things that affect the economy. and thirdly was how to achieve all those things by reforming tax collections and making tax reforms. interesting though, is that the mention of tax reforms is also while marcus junior is facing tax evasion, charges himself the so let's see how that pans out. so this is not up poor and irony as a but even ahead of the speech, he's been making big promises around the agricultural sector has a speech now given us a clear picture of what he intends to do. there were also a lot of details about how he intended to revitalize the agriculture economy of the philippines. and he pretty much covered the whole cycle from, you know, giving farmers subsidies debt more towards homes feeds. so i pretty much thought to
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cover the whole farming cycle and even that laid out like how far may needed to be addressed and protected against climate change. he did set really high expectations for the reform in the agriculture sector. i guess it's also because he made himself, he appointed himself chairperson of the agriculture department. expectations are very high. he set out a checklist for what he intends to do. now we're going to see if he can actually deliver. he's so, of course said that he wanted to bring down the price of t commodities like rice. but looking beyond the domestic situation, he didn't say this much. got much around this time with regard to ties the us in china. what do you think of that? what he did say that the philippines would be friends to every one but would not give up an inch of its territory. so maybe that was a little bit of a, a jab here to our overlapping claims with china over the west to philippines. see, but i will have to say that, you know, philippines wants to be friends with everyone. but there are certain countries that
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have turned the cold shoulder on the philippines. we saw the fall in foreign direct investment, for example, under the deterred administration. and that was related also to the, to the investor economy and the investor confidence in the philippines, which i think has suffered because of the human rights violations, extrajudicial killings, and the brutal drug war under the terror there. let's see how marcus junior can improve the globe or global reputation of the philippines under his administration, by being friends to all but not forgetting all of those human rights violations, as well under his own father's administration. while the world is certainly watching anna santos a thank you very much for your insights today. thank you janelle, for having me. and finally for years, venice has complained about over crowding during tourism season. now it's doing something about it. the italian canal city will start charging tourists sophie to visit. it will also require visitors to register before they come,
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official se that's necessary, and one of the world's most popular destinations. some $20000000.00 people visit each year. it's the 1st city to charge an entrance fee which will be up to $10.00 euros. and a reminder of the top business story we're following for you this. our oval b prices, john by 3 percent at the start of the week following a russian missile attack on the ukrainian part of odessa. that's all for me and the business team here in berlin for more from us head over to our website, d, w dot com slash business. thank you so much for watching one medicinal plants of indigenous people today. a multi $1000000.00 business for corporation. stevie and others. are gold mines true discovers are left empty,
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100 international agreements now am to strengthen them, right. which is not really held against bio piracy on didn't oh, constantly puzzling persecution and discrimination. oh, john, since ian roma community the nazis murdered hundreds of 1000. 0, the racism continued long in politics, society and in the museum. and it persisted to this day hurst rule, persecution, the place of west german, cynthia, and roma. in 45 minutes on d. w. o is establishing an order. she ging,
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pin president of the global power china. he's 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. again and again, she provokes and threatens with the military aggression the chinese president believes his way is for superior than that of western democracy. china's president, she ging pain distorts july 30th on d. w.
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