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tv   Business - News  Deutsche Welle  August 25, 2022 1:15am-1:31am CEST

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back on the central ukrainian town of tina and another 50 have been injured. his kindness, he cried, mocked of independence type, as well as 6 months since russia invited the country that's over now, coming up shortly, gemini takes cit steps to save energy as a guess shuttle loons to mel. d, milan has the details in business that's coming up after a short break, stay sh her i'm just kinda. i think that's hard and in the end is a me, you are not a lot us to you anymore. we will send you back her. are you familiar with this with the smudges were lions of the what's your story. ready ready he wasn't, i was women,
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especially and victims of violence in labs and take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information ah ah, the cold or buildings and darker streets, the german government has unveiled measures to conserve energy ahead of a winter of possible gas shortages. and goldens are waiting for the result of the most contested election in their country in a long time. many of them voted with the economy and mind our correspondent reports from the ground. this is the w business. i'm done. elder malott unwelcome
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pray sing for a bitter winter with less and less russian natural gas to provide heating. the german government has come up with a plan to reign in consumption and to prioritize the transport of goods required to generate energy hears that plan in detail. this winter may prove to be a perfect storm. reduced imports of russian energy mean more pressure on other supply chains and delivery methods. but to low water levels on major rivers like the rhine mean more and more, cargo is being moved off of ships. as a result, german officials say they will give coal and oil cargo preference over passenger travel on railways. if an energy crunch does materialize this winter, i'm done with i school log. we have created
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a legal basis to be able to act quickly when there is a need to prioritize energy shipments. if there is a capacity shortage or a real run on the railways, which or the railways are working at full capacity. and that's why if additional shipments are needed in the energy sector, in the short term prioritization will be necessary. that could mean that passenger trains have to wait a dog and thus has all 3 of ob lucy, delayed trains aren't the only consequence. workers and public buildings will have to layer up when the temperatures drop, because the maximum room temperature will be a mere 19 degrees celsius. and lights and public buildings and for billboards will also have to be turned off between 10 pm. and 6 am. d's in the mos mom, the some of the measures will conserve energy, but not so much that we can sit back and say, that's it. now that they will reduce natural gas consumption by about $2.00 to $2.00 and a half percent. well, so that means we still have
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a long way to go long. big phones on by during v. germany uses more russian gas than much of the european union. this winter will be a big test of whether the plans to win the country off of the russian sources are successful or simply hot air staying in germany, one of the video game industry's most important gatherings has opened at stores in cologne. games. com sees industry heavy weights and smaller developers, displaying the latest from their labs for hundreds of thousands of visitors. the sector has been turbocharged in recent years. that's as world wide lockdown flooded . the gaming industry with cash, sending global revenues above 195000000000 dollars last year. that's larger than the global film and music industries combined. our reporter, christie applied and was at games con, here's what she made of the atmosphere there. the 1st day of games. com was very busy with nearly as many women as men attending
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a demographic breakdown that reflects the new phase of this industry. one that was traditionally more associated with man. there's many people here this week to get previews and news about upcoming games. you can even test out some of them in the hall next to me. there's a long line of people waiting to test out sonic frontiers from sega, highly anticipated game coming out later this year. there's also a lot of simulation games with a hyper local focus. you can, for example, play as a bus driver in hamburg or a cop on the streets of munich on like many industries, the gaming industry really boomed during the pandemic with many people coming to gaming for the 1st time during the locked down. they seem very excited to be gathered here in person today to discuss their new hobby, despite locked on restrictions being lifted. this industry doesn't seem to be losing momentum at all to the us now r u. s. president joe biden has announced to plan to erase the student debt of more than $40000000.00 americans. the government will cancel up to $10000.00 in student loan debt for americans earning less than $125000.00 annually,
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or $250000.00 for married couples. student debt has soared in recent decades as educational costs outpace inflation. for for more i'm joined by a correspondent, teddy austro and new york study. how much of a difference will this plan make economically? well, just add for size. again, the student debt crisis here in the united states were talking about 1.75. really in dollars total and this relief program likely will cut into it quite a bit. we're talking about 20000000 people. about half of all borrowers seeing their debt entirely extinguish a good portion of them seem to have an ever more people seeing it reduced significantly. no overall, what's most interesting is that this is targeting a former lower income people were looking at pell grant recipients, which is a near perfect proxy for lower income borrowers receiving up to $20000.00 of debt
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relief. now there was a lot of talk about perhaps student debt relief, giving being a boon to rich households. but that doesn't appear true. certainly good news for a lot of people. but there are some concerns that these measures to forgive student debt, could lead to more inflation or those concerns founded at all. well, to be honest, i am not entirely buying that argument. loan forgiveness, more than anything is contributing to the wealth of households. and that means savings not necessarily spending. now we saw during the pandemic, economic stimuli sending checks to people that contributed mostly to their savings, not to spending. and we know that inflation has been largely driven by supply side supply chain disruptions, not on the demand side. furthermore, debt repayments will resume next year. so if we see debt, every excuse me,
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if we see debt inflation go up, then we'll likely see it offset next year. thank you very much. teddy austro there in new york for us angle and voted wednesday in a closer contested election. the governing party m. p l a has been in power for nearly 5 decades, but is now facing serious competition as citizens decry wide spread poverty and corruption in africa. second biggest oil producing country. this is luanda, one of the most expensive capitals in the world. after overtaking nigeria in terms of output angola is now the biggest oil producer in africa. and here around the bay, you can clearly see the oil well spots. angola is the country of stock contrasts even in the area around here you will find children gleaning shoes of wealthy people. the majority of poland still live in poverty and the discontent in society has been on the rice element that comes along the shirt of procedure. while laurent
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go on, my head is a rod for me. oh, love it. why didn't he promised he would deliver millions of jobs for the youth yours, but nothing changed for our sub by your daughters. let them of another in our country . knock on that, i'm in you. that don't have a job like me. that's why we, we want to see the fellow pants in our cancer. you know, that's why that min menu from here to make a vote, the m p l a has been ruling the country for almost 5 decades. 5 years ago, jo, lorenzo became president and made the fight against corruption as central part of his politics. he even went after relatives of his brady says the late president, edwardo da santos, i'm but especially in the cities where most young people live, many say they don't see a resolve their lives haven't changed. the economy has still very all dependent oil makes up more than 90 percent of the countries export with the economy went through 5 years of recession and the main opposition candidate adobe. up to acosta junior,
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the part you need to hope the anger of the economic situation will get him more votes. observers believe this will be the most competitive election, and the history of the country are reporter adrian increased. their cheap energy in argentina is no longer a fact of life until recently, argentines are paying half of what their counterparts and regional neighbors, brazil, children, uruguay, or paying for electricity. but the end of government subsidies that mean those days are gone. communications professor, patricia negro teaches post graduate courses online. her daughter, marianna, is preparing her dissertation. both spent many hours at home and know that have to conserve energy. their home is one of the $4000000.00 in argentina that will lose both the house subsidy, which allowed them to pay the equivalent of the price of a coffee per month. they'd also lose the electricity subsidy, which made their bill the equivalent of half a pixel. dollars have the falcon,
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we've unplugged all the appliances that don't need to be plugged in except the fridge. senator, we make sure we don't use the lights on it. what worries me a little are the air conditioners in summer outside i recently moved to i dont know how it's going to be here. as it was, i have to see what happens with the air conditioner is because those consume a lot of energy. hello pl gaze. as he goes edelman, meanwhile it's winter, and the tells us hemisphere and the billing central heating continues at full blast, perhaps because they have not yet received their 1st bill without subsidies. seep energy is running out for 30 percent of argentina's, upper income households. and for another 40 percent of middle class families, if they over consume i'd and teen us, new economy ministers held your masa who took office out of the resignation of his 2 predecessors last july. it's facing an uphill battle to reduce the deficit and 71 percent inflation. so he has started by cutting energy subsidized michaela blevins,
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julio. you have become an economist, her none hell schwann's about limiting subsidies to electricity and gas to achieve the deficit target of 2.5 percent of the g d p. it's part of our den tina's agreement with the i m f. this is, do you see that came to go see represent the energy subsidies today by representing 3 per cent of g d, p in bloom in that and food total. the announced package to implemented in its entirety would represent a savings of one per cent. so she will at most so mature, represent that, you know, it will improve 2 consulting sham director. nicholas oscio calculates that electricity in argentina across the 10th of that in germany. but predict that even with the increase, the country will continue to offer relatively cheap energy unit that if i've been doing that helix, argentina's electricity and natural gas rates are well below those in brazil,
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uruguay, and chile. the method for the rates are almost half the can be margin. tina will reduce the rate cap compared to its neighbors. he says, but unlike chilion, brazil it is, it will have a much lower level of energy and port setting, but it doesn't then add him to mulatto eigen tina is now increasing its own production of gas in the vac. i'm what of heat which is needed for its power plants . that's our show. thanks for watching. oh, the rhine is drying up. at certain places along germany's longest river, the water is not even one meter. we take a trip on one of the few, ferries, still running on the rhine. will the drought soon lead the entire shipping industry high and dry? focus in europe?
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oh lou. enter the conflict zone, confronting the powerful 18 months after the violence on capitol hill. it's clear that the u. s. democracy was in greater danger than previously. believe. my guest this week, tommy david from a writer and columnist for the atlantic magazine. he says the stakes were and still all frighteningly ho competent zone. in 60 minutes on d. w. o. 60 years ago, the international gathering of peace and cooperation becomes the scene of a horrible tragedy. arab terrors, armed with sub machine guns, went to the headquarters of the israeli team and immediately killed one man. and
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that this will be the last on the sun 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 loss, shuttled in 1972 olympic massacre, start september 3rd on d. w. ah, [000:00:00;00] with this is focus on europe. i'm lar babylon, welcome to the show. europe is drying up. a new report by the commission says the continent is experiencing its worse drought in 500 years. he extreme heat this

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