tv Business - News Deutsche Welle August 19, 2022 11:15pm-11:31pm CEST
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and there's something about finland that says, you know, perhaps us just a bit much they, they aren't so light hearted at time. and i think they might be a little bit uncomfortable with it. but of course you have seen young people also cheering her on and saying, have a good time when you're off duty, madam prime minister. thank you very much, dw, corresponded terry schultz from brussels. and that's her time job today. but stick around stephen beasley is up next with the latest in a business. you can always get all the latest news and information on our website. remember that is data we dot com. i'm gonna go further from me and the entire team here in our newsroom in berlin. thank you so much for a company called sh her. i'm just kinda, i think that's hard. and in the end the, some me, you are not a lot us to you anymore. we will send you back. are you familiar with this with the
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smudges reliance of the what's your story with. ready women, especially and victims of violence in labs and take part and send us your story. trying always to understand this new culture. so you are not a visitor and other guests. you want to become a citizen. in phil migrants, your platform for reliable information. ah wal mart expands abortion coverage for it's more than one point. 6000000 american employees. company health plans will cover medically necessary abortions, a shift that follows a far reaching and controversial u. s. supreme court ruling. also on our show, more capital is flowing out of countries like sri lanka and argentina to investment
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in the us. we'll look at how rising interest rates around the world are making dec crises more likely in emerging economies. and oil major shell cuts out what at its rhineland refinery as an ongoing drought, which is water levels on germany's most important was wait, wait, dangerous. lo will take you there. hello, welcome to the show. i'm seeking beardsley in berlin. the u. s. is largest employer has announced it will expand its abortion coverage to all medically necessary procedures while also reimbursing travel costs or the announcement by wal mart effects. it's more than 1600000 employees across the us. it's a change from its previous policy of only covering abortions in cases where the mother's health was endangered. the policy would still fall short of those of some other companies, which cover all abortions. many us states are rushing to banned the procedure following a supreme court ruling. let's go not a young quarter in new york. yes,
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wal mart, a big player in the stock exchange in the u. s. economy, why is it changing this policy now? yeah, and it clearly is the big company, as you mentioned, to employing around one and a half 1000000 people in the us alone. and with that being the biggest private employer in the country. i mean, they're not covering all abortions, but still that is a big step for a company. and that size, walmart itself actually did not officially comment why they're changing their, their plans. what you have to see is if you look at as recent a service here in the united states, a vast majority of people actually oppose us a band or a tide ruling on abortion sold. therefore, wal mart is probably going in that direction. what most of its customers, some actually would agree with the use a patchwork of abortion laws is now emerging across the u. s. in response to the
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supreme court ruling. how difficult does that make things for companies like wal mart, where employers, employees are based all across the us? sure, it's very difficult for corporations of all sorts. abortion is a very big and important topic. there are other social and political aspect as well, where the ruling becomes more fractured in the united states. actually talking about the bush and some states like california or illinois for example. there's sort of even advertise that they do not have such strict rulings and try to actually become more interesting for companies to actually have their headquarters or whatnot over there. it is a very politicized environment and it's not easy for corporations to navigate, and they have to make it clear position where they are, and
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a lot of those social and political topics already in court in new york. thank you very much. what you've been falling are covered. you know that the u. s. federal reserve has been hiking interest rates in recent months to curb rapid inflation across the country. but there's a global ripple effect doing so higher interest rates in the u. s. make investments . they're more attractive for investors, and that comes at the expense of emerging markets. a countries like egypt gonna pakistan and turkey are among those at growing risk of a debt crisis. that's according to the institute of international finance. and july alone, global investors withdrew nearly $10000000000.00 us dollars from so called emerging economy's $9000000000.00 from their bond markets, and $1000000000.00 from their stock markets. the funds mostly went to the united states because the higher interest rates. and because the u. s. dollar is regarded as a safe haven in times of growing economic uncertainty of where economies already dealing
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with higher prices. the rapid flight of capital is something of a double whammy. just look at argentina. argentinians are angry. their demands higher wages welfare benefits along with employment opportunities and lower prices. i can't even get in today in argentina, it's a privilege to eat. in other words, such a fundamental right for families, especially for many of them and who are heads of households cannot even guarantee milk for their children. in argentina, there are many problems you propose moving forward with a universal basic wage and income that would at least put an end to extreme poverty in argentina that none of them in abilene, his in argentina is fighting rising prices and amounting of foreign debt. nearly 4 out of 10 argentinians currently live below the poverty line. the latin american
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country is one of the many emerging economies that is bearing the brunt of a strong us dollar, the local currency, the peso is declining rapidly. so amidst these deteriorating ah, economic conditions in the world economy emerging markets had been experiencing significant in that portfolio out flores and recent months, rising inflation, charming financing conditions. it's a double vanny. a strong us dollar is making it more expensive for countries like argentina to pay off. dollar debt plus higher interest rates in the us are leering investors away from emerging economies. argentina, as economy has struggled for decades and for now there is no clear and insight. let's go now to some of the other global business stories, making headlines. cent a world is preparing to file for bankruptcy. that's according to a report by the wall street journal. the british movie theater owner has struggled
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attempt audiences back after pandemic lows. the company has over 9000 screens across 10 countries, including the regal chain of cinemas in the u. s. gas promenade on friday. it would shut down the north stream one pipeline for 3 days at the end of this month, citing routine maintenance. the route is an important supply line for natural gas via germany. the shut down will come just a month after previous works restricted the supply of gas into western europe. german chancellor, olaf schultz denied and parliamentary testimony friday that he intervenes on behalf of a bank caught in a major tax scandal. while he was mayor of hamburg the comb ex affair saw the german state, defrauded of billions of euros over a period of years as companies claimed tax rebates on the same dividends. while makers have since closed the loophole allowing the trades. but the controversy continues. did german chancellor all of shoulds protect hamburg based bob oak bank
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. when he was mayor of that city in 2016, the private bank had to pay back nearly 50000000 euros to the state because the fans were linked to illegal transactions. politicians have been implicated in the so called co max banking scandal, and they have so far all denied having any influence on marble, benz tax processes, the comics scam run for many years. here's how it worked. on the day that dividends were paid on shares, investors sold the shares to each other during the course of a day. only one of the parties paid capital gains tax on the dividend and was therefore eligible for rebate. those who paid no tax before selling them on applied for refunds. nonetheless, the taxes forties had no way of tracking the transactions and paid out to anyone who claimed them and could prove ownership. on that day, germany's treasury lost 36000000000 euros as a result of the qu, max transactions,
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an inquiry commits he is investigating the scam. and it will review e mails from german chancellor. all of scholes sent while he was mayor of hamburg, as part of its investigation. staying in germany, oil major shell says it has cut out what at its german rhineland refinery. the facility makes fuels heating oil and petro chemicals, but low water levels on the rhine river have made transporting goods on germany's most important waterway. a big challenge, and not just for vessels serving the chemical sector. the river ship calisto, when's its way down the rhine river to a coal fired power plant. yadda gully thought it sailing down a narrow passage south of cobblins yard time over the muffler lanchen with cavalry mine with such little water in the river coordination with on coming traffic is essential clearing, haunting, coming down streams. a bit bigger is sitting deeper into water boy and asked if we
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can slow down on it. so i don't move too much water to ensure a safe passage for him. the other by the thought develop callisto's captain grew up on the water like his father and grandfather carrying grain, fertilizer and coal. but this summer presents a new challenge with either of our grandma. i have to go slower than usual now because there's not much water that. i mean, oh, you can see that that might sound to worry about. it goes up and down, sometimes 50 centimeters, and 2 and a half meters. he has to take less congo with him in order to keep the ship sitting higher in the water. look into the stove, it shows the dilemma. this looks like a lot of coal, but the ship is 2 thirds empty, and that's the real issue. rail and road freight are at their limits. not a lot can be transported and economist expect a drop in production. the ryan's water level has dropped to
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a historically low level due to the lack of rain all summer. and it's expected climate change will exacerbate the situation in the future. these satellite images showed the difference between 2021 and today the skipper is passing through the narrow passage at cope. but the river is starting to dry up here. rain is full cost for the coming days, but this will only provide short term relief. while i do this because the bank is not really dry and the sediment is cracked and then so the current doesn't absorb to water as quicker when the water, his to sediment, it simply runs off the top and runs directly into the remaining river. and away we might have a few days of high water level us. and if you ship captains might be pleased, but then we'll be back again to where we are now. he says, the rhine is subject to the forces of nature as little he can do to plan, but he wants to keep going. as long as he can that's not just the rhine. it's a global problem for more into how droughts in europe and asia are threatening to
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run businesses, a ground head over to the dw news general on youtube or latest business special takes a closer look at how falling water levels are disrupting supply chains and adding the pressure on prices or gas is hot, would bear an expert in river transportation. and you can find the program on youtube dot com slash d w news. all right, that's it for our show. if you can find out more about these and other stories, as you know, be dot com slash business and do check out that youtube channel dw news. all right, i'm sitting here watching with west making the headlights and what's behind van d. w. news africa. the show that the issues have been the continent. life is slowly getting back to normal here on the streets to give you enough reports on the inside
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. our correspondence is on the ground reporting from across the continent and all the trends doesn't matter to you. next on d, w d, co, india, food production has an impact on the environment. but how can we find affordable alternatives? i get only gonna be good on the been, i'm it because it is very expensive. so governments need to thing, not tire transformation, but then get down to the reality of what's the responsibility of each sector, the future prospects of climate friendly foods, eco, india. in 60 minutes, d, w. a. in 50 years ago.
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the international gathering of peace and co operation becomes the scene of a horrible tragedy. arab terrorists, armed with sub machine guns, went to the headquarters of the israeli team and immediately killed one man. and that this will be the last time i saw in the life or worse fears realized tonight, they're all gone. how i witnesses experienced the terrible events and this, the world should not forget o shuttle to 1972 olympic massacre. start september 3rd on d, w. ah, this is either be in east africa coming up on the show. demand for justice and accountability in south africa. 10 years after a brutal police crackdown killed dozens of mining workers. survivors and families still can't find closure. no one has been punished for the murray cannon.
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