tv Business - News Deutsche Welle August 25, 2022 12:15pm-12:30pm CEST
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the youngest person to fly solo around the world. 17 year old mac rotherford completed his 5 month journey in bulgaria, with his proud family there to welcome him. mac broke to guinness world. records on his flight include including one set by a sister. that's it from me, and the new steam dunc away coming up next business with chris. cool, thanks, court. 50 years ago 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
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that this will be the last one whistle in life or worse fears of the eyes tonight. they're all gone. how i witnesses experienced the terrible events joel apples reported lead to make more of its i phones in india cutting the production like china plot are correspondent about the reasoning behind that. and if india is ready for such, and nobody wants a giant wind turbine in the backyard, now some people in germany are flying to advance acceptance for green energy technology by putting it to do world news. compress cobra. welcome to the program. the german economy beat expectations, andrew slightly in the 2nd quarter, a rare positive sign and an increasingly gloomy economic outlook. the federal statistics office now says europe's largest economy expanded by a 10th of a per cent, between april and june, driven by a high,
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heavier spending. as households emerged from pandemic restrictions, exports grew, but were outpaced again by growth and importance. fears remain high and germany that an energy crunch, rural lead to a recession later in the year. all right, let's get the view on this. so from tim obama's hartzer, he's an economist at the e for institute and munich. welcome to the program team. oh, are you surprised about what some people are calling the german economy holding its ground? well, no, i'm not surprised about this. i mean, this is something that we have expected already that i mean that we do not get a crash off the german economy. i mean, the, the things that are happening right now is rising energy prices and fears about that energy will not be available in the winter. and this is something which is bringing down the german economy quite low. the, this is also what the current,
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what the, what today's for business climate showed us. let's talk about the, the 2nd 1st. let's take a look back at the, at the 2nd quarter. what were the decisive factors that actually led to this flight growth after all? but this was on the marginal revision, we already had the data one month ago and it was stack nation or point serial. now it's point one. so this is another every, the a large change. so there were $22.00 forces driving the germany economy. in the 2nd was the one was private consumption. really picking up and especially those parts of the, of the consumer spending that went into services and those services that have not been available during corona times. and on the other hand, we have a very weak industrial activity, and so on balance it was a stick nation off the german economy. so this was not coming as a surprise, right? so and growth in the 2nd quarter is down from 0.8 percent. and the 1st quarter you
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mentioned that the germany, economic mood fell to the lowest point in 2 years. recently for the trajectory is not a good one. what do you expect in the coming months and on what grounds? so today's for business climate index more, this confirmed what we already saw one month ago and one month ago, the business climate index of confidence among german business managers really crashed. so that in the end, confidence is much slower in the 3rd quarter compared to the 2nd quarter. that is to say that we expect the german economy to decline in the 3rd quarter. so our estimates at the moment are around 0.5 percent minus 0.5 percent for the 3rd quarter. and this of course could be the beginning of a recession of the germany economy. so for the 4th quarter, the outlook is rather unclear at the moment. lots of uncertainty. this is,
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this is most likely a decline in activity chemo almost cars or the for institute. thank you. thank you. another, some of the other global business stories making news years president joe biden has announced the plan to partially forgive student debt for millions of americans. under the plan households earning less than $250000.00 per year could see up to $20000.00 in federal student loans, erased student loan that in the u. s. has grown significantly in recent ticket. australian airline quanta says it's bouncing back from it. and then the downturn, domestic lights are now above creep, and then the levels, even though it's international travel, was still 50 percent below previous highs. and then travel restrictions cost. one has over $17000000000.00 in revenue. india is the world's 2nd largest smartphone market. and now its significance as
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a production hub is to grow. apple is ramping up for production of its i phone, 14 india in india. that's according to reports from bloomberg news. the u. s. electronics giant is shifting away from chinese facilities due to disruptions caused by political tensions between beijing and washington and china repeated locked downs during the coded pandemic. apple is just one of several large u. s. brands attempting to move away from chinese production. let's get more of this from. did other use char ricardo, gay and deli, charo. why does india seem to be the preferred production side here? what chris or apple has been trying to diversify of layer lane for a long time now? and recently china, it's rang to move beyond dirge. i know also because of the several local region used. logged on to china has imposing in a large number of cities and
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a lot of them manufacturing hubs. and also because there are reports that it also wants to avoid at the geopolitical conflicts there. china has been a getting into india has been a female destination for apple for a long time. now are 3 of its contractors who are already functioning in india. so older models of a far as a foreign se, april 11, 1213, they're already being manufactured in there. but this is possibly for the 1st time report suggests that the latest models, when 14 would be manufacturer just 2 months after a it's or after manufacture. but coming out from china. so what challenges is, or apple facing in india when it comes to producing devices there? well christmas mostly about how her, how apples contractors handle their facilities that they have open and they are running in india for example, or late last year. ah, fox gone no. runs a major,
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i foreigner, manufacturing facility or near the south indian town of chimney and where a food boys in the incident broke out afterwards it had to shut down this factory and it was her are able to open only a about a month later, after assuring the authorities that her date, the, all the problems have been taken care of. another contractor also faced a similar kind of the situation when this was the, again, this time this was on about food poisoning. but this was about unpaid wages, sort of a labor unrest broke out after which after was air force to a girl contractor on probation. and after a long time that the issue was settled, so the where these contractors have run their facilities, that appears to be a challenge for them. a terror, the indian government has been trying to attract a sort of business through an incentive scheme for more by manufacturing. is this initiative paying off now?
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well yes, it does seem to be working across. it's a production linked incentive scheme in which are, manufacturers have been told that if they are able to produce a over 80000000000, rubies are worth goods here. then they get various incentives and they're in terms of their production. and in turn, it also helps the government in terms of meeting its employment targets. so there are a boards that these 3 apples contractors have been able to generate more than an to 30000 jobs are so far in the country. so it appears to be working both way forward, the government meeting, his employment target, as well as far road. the manufacturers, chris dw correspondent, charo kart again. deli charo. thank you. it is not just since gas prices have gone through the roof. the germany has planned to increase production of renewable energy, but there's been some pushback by citizens when it comes to generating this energy
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. nobody wants a giant wind turbine in their backyard after all. now, some people are trying to combine the best of 2 worlds. apple trees down here, solar panels, so top can fruit and electricity be harvested on the same field? that's what they're trying to find out on this 3000 square meter project in the german state of rhineland palatinate list enact. i says his trees needed cover. anyway. there caught more frequently in hale and heavy rains. dig a dank of our guns club report from cooper foot, stand with me. it's pretty simple and we need to protect the plants from. and when we can combine their needs with an option to generate solar power, would i, which we can either use ourselves or sell them. we're having really good synergies . the whole idea leads to something useful and positive from further positive. the
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solar panels us semi translucent, allowing for about 50 percent of the suns light to still reach the plants beneath. much like plastic sheets, the panels cover 8 different kinds of apples. scientists want to see how they will develop the electricity produced by the panels isn't yet connected to the grid. critical parts are still stuck and delivery. much of the farm is already running a solid electricity. for example, the apple sauder. the new panels should come on line in the fall for the ugly foot of ohio, and is that refundable tag project is meant to support the general power supply. looking at the size of our plant, we expect that we can power up to 50 full households before the longer solar power. scientists agree that the potential is huge. if i know him and, and i max tom, staff and his team, a co ordinating the test run here,
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they have calculated that solar technology on just 4 percent of germany's agricultural acreage would generate enough energy for every one. but there's a lot of red tape and continued after the, in the process to get a permit for acro photo will take plants is a real problem right now. that entire process needs to be simplified, especially for small fields of less than 2 hectares. that would enable gardeners to join farmers in this field, but in garden bo, balancing a growing need for power and food experts are hopeful that their tests work out, and they can double their harvest. and finally, food inflation is putting millions around the world in a tight spot. now and thailand, the government has allowed the 1st price hike for instant noodles. and response to that, the new price for $3.00 major brands, way re,
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momma and yami am will be 7. but that's one bought more than what ties have been pay 15 percent hike is not easy to stomach for all and does limit it once the cost for our materials drop companies will also have to lore the per packet prices accordingly. and that's our show for now. for more news information and check our website at www dot. com slash business. and of course the d. w. use youtube channel . i'm chris cobra, valencia, thanks for watching. have a successful nico india, food production has an impact on the environment. but how can we find affordable alternatives? i can only go beat and already been i'm it because it is very expensive. so governments need to thing, not tire transformation,
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but then get down to the reality of what is the responsibility of each sector, the future prospects of climate friendly foods. eco pain, deal necked on d. w with secrets lie behind these walls, discover new adventures in 360 degrees. and explore fascinating world heritage sites with d w world heritage 360. get the app now with producing food for close to 8000000000 people on earth has acute impact on the environment around the thought of greenhouse gas emissions worldwide. i'd related
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