tv Business - News Deutsche Welle August 6, 2022 1:15am-1:31am CEST
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they measure radiation, the composition of the atmosphere and track the weather. curiosity also takes soil samples and analyzes them all the data is vital, the future human missions to mars. ah, the 10 years have left them mark on the reva. but nasa says it's still in pretty good shape. so there's no reason why curiosity shouldn't continue to explore mars for another 10 years. business bees news is up next. we the robots don't go with ah red alert for the blue climate. ah, this isn't just drought is, is a red if acacia. i think we're going to have some epic fighting here. over the
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world, her is becoming a scarce commodity is just getting dryer and dryer and we need more and more water somewhere, earth dying of thirst. no water in the home, then it's like b upon with global struggle for water. and nothing can be done. thirst starts august 10th on d, w. ah, ah, the u. s. jobs market bounces back. the latest employment figures blow forecasts out of the war said to return american joblessness to pre pandemic levels. or heard from our correspondence in mistakes. tensions over taiwan hits new heights. china
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says it's suspending cooperation with the u. s. over nancy pelosi visits to the island. and tracking the production of palm oil, a swiss starter is using tech to try to ease the minds of consumers concerned about supply chain. this is the to be a business owner. what in berlin, welcome to the program. and we begin with some astounding figures from the u. s. american employers added over half a 1000000 jobs last month, more than double what economists had been expecting. they'd forecast a decline from june's figure of around 400000 means the u. s. now has recovered all 22000000 jobs lost during march and april of 2020. when the pandemic smashed into the country's employment market, the surprisingly good figures. welcome news with americans facing persistent inflation and the prospect of a recession. well, let's get more on this from our correspondence at the new york stock exchange,
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teddy australia teddy was going to have you on the program. just explain to us how we ended up with these surprisingly good job figures. yes, well it appears that there was a pretty major under estimation of how serious the staffing shortages are here in the united states. businesses are struggling to find workers to meet that resurgence in demand. now in 2022, this is still seems to be recovery from the major head from the pandemic in 2022 employment. now you can see this pretty finally in the services sector. some of the major growth we've seen was in the services sector, and it makes sense actually because consumers which have spent so much money over the past 2 years on e commerce and goods have shifted their spending now to services or businesses are certainly struggling to find workers to fill that gap. meanwhile, it also appears that
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a lot of workers have dropped out of the job market entirely. so. so what sort of reaction if we had to these fries any, be good figures, i imagine the markets about something said about it. while one would expect that the markets would be quite happy about this, but they don't appear to be. this is the sign of a strong recovery. certainly it means that a lot of economists, a lot of analysts may be 2nd guessing, thoughts about recession this year, or recession next year. but what's going on is the market see that they may have made an unpopular bet that the federal reserve is going to ease the interest rates in 2023. now why, what does the job market have to do with this? well, there is an expectation because the job market is so strong that the fed will have to raise interest rates and tamp down on demand. so, yes. okay, teddy australia, at the new york stock exchange for us. thank you. bye. now china's
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response to the us how speak and nancy pelosi visit to taiwan is taking a toll on regional trade. chinese military exercises have prompted some ships to navigate around the tie, one straight disrupting t weeks ago and commodity sailing around the world. aging has also announced it's the same dialogue with the u. s. on key issues including climate change. or the fallout from nancy places visit is increasing by the day earlier this week. china band in ports of a 2000 different food products from taiwan, including things like fish, fruit, oil is cakes even, and processed food. now, beijing has also stopped exporting sand particular to the island of taiwan, a product necessary for ty, one's construction industry, and what small it's created. an effective blockade tie one to as it patrols the c surrounding it. could it imports and exports paralyzed tie once economy and cripple
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with the trade in all important semiconductors? so let's get some analysis on this. we've been hearing from alexander good luck from the carnegie council. the ethics and international fess mary is very, very small. i think it's a little country and it has a strong ally in australia, japan and the united states. and. ready mine that japanese trade number 5 and they would be the best. well, whatever. they say if taiwan and china would get along just as friends. but at the point at this point, moment in time, this is not the case who taiwan is given is. location, of course, depending on a good relationship to china, more than the other way around. if you want to be like the biggest economic power in the route and having a seat at the international community, china think twice, 3 times. if you want to only like a small little neighbor,
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next thing on argentina's, new economy minister has pledged to retain the country's struggling economy. sergio massa has announced multiple measures targeting inflation and the countries big budget deficit account. he succeed where his predecessors failed. argentine has had 3 economy ministers in the space of just a month, but the latest sergio massa has started his tenure with a clear goal to follow the i m f guidance to help stabilize the economy. we must so you will not be made out of really the other day. we had our 1st working meeting with the i m f. i don't like it was productive on the implementation of the financial program in a lot of what we agreed to continue the planned payments and to face the challenges of the measures that are pointed out to laura alexander about to be with that may be whether our hor, lane flexion. inflation is one of the main issues to fight anthony during the last month and the one that just darted out of all the difficulties we are facing as
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a country and government inflation will be the most difficult. oh yeah, i don't know when a saddle of a miss and my the, if it will go to some other evolutionary inflation is argentina's biggest challenge, leaping from a recent low of under 40 percent. during the pandemic, hitting 64 percent in june, massa says he'll end the practice of money printing to fund government spending. he'll also build up reserves of foreign currency, but there's an ideological battle behind the scenes, while massa wants to reduce deficit spending vice president, christina fernandez. the cash now believes the government must spend to shield citizens from inflation. they employ a formal i am a worker and just like everyone else i am struggling to make ends meet with all this inflation going dog. when dorothy breath. okay. yeah. but we can hope hope that things may change. it got more k, cash had not done. it's like a government now has no direction, but they just taking shots in the dark. i said,
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that's what i think. honestly, i'm really worried about the lack of jobs and all the inflation. the inflation is awful. just awful. argentina's economic woes, a decades old and argentines are demanding change with the recession on the horizon and a presidential election next year. the races on to chip away at the countries painful economic legacy. let's take a look at some of the other business stories making the news. intel is expected to announce a $5000000000.00 investment in advanced semiconductor packaging and assembly funds in italy. it's part of the broader $88000000000.00 investment by the u. s. chip maker to build capacity across europe. 3 ships carrying grain has left ukrainian ports for turkey, the 1st shipment since the start of the war, left ukraine earlier this week. deals broke it by the un with turkey and russia. allow safe passage for the vessels and desperately needed food supplies. the world
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german airline. lufthansa has agreed to a major pay rise for its ground crews ending a labor dispute that to strikes at frankfurt and munich airport. lufthansa had to cancel over a 1000 flights at a cost of $35000000.00 euros. now indonesia is the largest palm oil producer in the world. it's used in soap, chocolate and shampoo. but consumers have grown increasingly concerned about potential environmental destruction and child labor and the supply chain. however, a swiss company based in jakarta, is now trying to ease those buyers fairs. sometimes even fruit can be stubborn. it's hard work for pack a man who has been working on this palm oil plantation on the indonesian island of sumatra. for 5 years. the money he earns from the physically demanding work here,
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provided living for him and his family colors. i thought that i harvest yields $3.00 to $4.00 tons per hector, reach, season gallop. my people are gone no longer. his employer is one of indonesia is 120000 palm oil. farmers who work with swiss star, topical tv. the software company is placed in the capital jakarta. we are an integrated sir, we sent technology company working alongside global value chains. we can follow a product from its source to the market through the retail to the consumer. ready called tv as customers are major international corporations, companies whose customers to know where the ingredients for their products come from. and there are legal requirements, forcing multinationals to disclose supply chains or show the environmental footprint of their products. in the past,
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no one cares about the environment or only small group, but the big mass of the population there, we're happy to get a cheaper product. cheap palomo in a frozen pizza over to unhappy proof of origin is a particular challenge in the palm oil business of to harvesting the fruit to sent to large mills where it's processed into oil. this makes traceability difficult, the palm oil farms that work with coal tv alone cover an area of 400000 hectares in to reconcile feel they, since they travel through these plots, they have an interview with the farmer. they gave elijah brown. so we have for edification that the farm is not in protected forests, north involved in deforestation over the past 10 years. and that they do not exploit children and the labor on their for. ready oh,
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call tv records the exact origin and supply routes of 20 full rule materials in nearly 30 countries. the company is headquartered in jakarta. that's because c o manfred bora, simply stayed in indonesia, after completing his master's thesis here in 2006, with 270000000 inhabitants, an average age of 29 and a growing tech community. he says for start ups like his, there's no way better. that's all for me in the business team here in berlin until the next time we see you again. making the sand. what's behind them? dw news africa. they show the issues in the continents. life is slowly getting back to normal. yeah. well the streets to give you enough reports. i'm the inside our
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correspond that was on the ground reporting from across the continent and all the trend stuff from outside to you. next to d w. passengers here are in for a ride. taxi drivers here need nerves of steel. while passengers here can get an eye full along the way. reb taxis accommodate passengers all over the world. the driver, our series read. in 60 minutes on dw, with ended the listening place of the mediterranean sea,
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it's waters connect people of many cultures, seen it almost rock and to far a dual career drift along with exploring modern lifestyles and mediterranean, where it has history left its traces, reading people hearing their dreams ready to read journey intended starts august 14th on d w. this is a special edition of d. w. news africa coming to you from nevo who can go to the pulled in a high stakes election next week. but when row politicians we rented mobs and gallons of shopping their machines as what police office has done a blind eye and it's.
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