tv Business - News dw.co Deutsche Welle August 20, 2022 1:15am-1:31am CEST
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of war, it can be used as sort of as a reference for, for reconstruction. it can be used as a constant form and it can also just be used as a form of documentation. i guess a form of preservation. that is, it technically will last for ever downloaded more than 6000 times the app is on its way to preserving ukraine's irreplaceable cultural heritage. well, you're up to date, but see with us d. w business with stevens beardsley is up next. and remember, you can always get all the latest news and updates on our website. that's d, w dot com. i'm aaron talking berlin. thanks for joining me. it's just a thought. see what grade he will be able to imagine
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how many portions of love are now in the world. climate change to the story. this is my plan, the way from just one week. how much was can really get we still have time to go. i'm going with a wal mart expands abortion coverage for it's more than one point. 6000000 american employees. company health plans will cover medically necessary abortions, a ship that follows a far reaching and controversial u. s. supreme court ruling also on our show more capital is flowing out of
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countries like sri lanka and argentina to investment 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 output at its rhineland refinery as an ongoing drought, which is water levels on germany's most important waterway to week. dangerous. love 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 of 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 u. s. dates are rushing to banned the procedure following a supreme court ruling. let's go out a young quarter in new york. yes,
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walmart, a big player in the stock exchange in the u. s. economy. why is it changing this policy now? yeah, and it clearly is a 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 been, are tied to ruling on abortion sold. therefore, wal mart is probably going in that direction what most of its customers, some actually would agree with the humans. a patchwork of abortion laws is now
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emerging across the u. s. in response to this 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 is 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 abortion. 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 in
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a lot of those social and political topic ins, quarter in new york. thank you very much. was even falling our coverage. 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 from their stock markets are the ones 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
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dealing 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 them in who a heads of households cannot even guarantee milk for their children. in argentina, there are many problems we propose moving forward with the universal basic wage and income that would at least put an end to extreme poverty in argentina parliament. them in abilene because in atlanta, 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 country
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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 economy 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
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a report by the wall street journal. the british movie theater owner has struggled 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 jossla. allah schultz denied and parliamentary testimony friday that he intervened on behalf of a bank caught in a major tax scandal. while he was mayor of hamburg. the come x affairs, all the german state, defrauded of billions of euros over a period of years as companies claimed tax rebates on the same dividends. lawmakers have since closed the loophole, allowing the trades. but the controversy continues. did german chancellor all of sold to protect hamburg based bob oak bank, when he was mayor of that city?
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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 old, denied having any influence on mobile bands. tax processes, the comic 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. none the less, 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 fuel heating oil and petro chemicals, but low water levels on the rhine river have may 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 kelly thought it sailing down a narrow passage south of co blends yard time, over a muffler under the cavalry man with such little water in the river coordination with on coming traffic is essential. clearing connie, coming down streams
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a bit bigger, is sitting deeper into water. boy, he asked if we 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 upon the water like his father and grandfather carrying grain, fertilizer and coal. but this summer presents a new challenge with either of them all 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 the world. mm hm. um, 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 snow. 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 show 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 now 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 levels 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. you can find out more about these and other stories at b dot com slash business and do check out that youtube channel w news. all right, i'm sitting here like watching what's making the headlines and what's behind them. dw news africa, the show that pulls the issues, shaping the continent. life is slowly getting back to normal. yeah. well, the streets to give you enough reports on the inside. our cars funds is on the
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ground reporting from across the continent and all the french stuff. my talk to you next on d w. ah melbourne. moving team is taking on because of growing traffic in germany. it's showing dynamic impulsive. that's how the impact, particularly inventions for out of phase are now playing a decisive role here on our planet reb. 60 minute on d w. o. music, 50 years ago,
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the international gathering of peace and cooperation 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 life or worse fears realized tonight, they're all gone. how i witnesses experienced the terrible events and this the world should not forget the long shadow. 1972 olympic massacre. start september 3rd on d, w. ah, this is d w 's, 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 con.
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