tv Business - News Deutsche Welle August 25, 2022 4:45pm-5:00pm CEST
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giant wind turbine in the backyard. now some people in germany are fine to advance acceptance for green energy technology by putting it to do world news. over for them to the program, the german economy beat expectations and grew 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 percent between april and june, driven by a high, heavier spending. as households emerged from pandemic restrictions, exports grew, but were outpaced again by growth and impulse fears remain high in germany. that em energy crunch rural lead to a recession later in the year. all right, let's get you in. this is from team 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
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ground? well, no, i'm not surprised about this. i mean, this is a, 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 slowly. this is also what the current, what the, what today's equal business climate and showed us, hey, let's talk about that in a 2nd. first, let's take a look back at the, at the 2nd quarter. what were the decisive factors that actually led to this slight growth after all? well, this was only a marginal revision. we already had the data one month ago and it was stuck nation 0.0. now it's 0 point one. so this is not really a large change, so there were 22 forces driving the germany economy in the 2nd was the one was
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private consumption. really picking up and especially those parts of the, of the consumer spending that went into services and those services that has not been available during corona times. and on the other hand, we have a very weak industrial activity. and so on balance in 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 in the 1st quarter. you mentioned that the german economic mood fell to the lowest point in 2 years recently. so the trajectory is not a good one. what do you expect in the coming months and on what grounds? so today's the for business climate index more, this confirmed what we already saw one month ago and one month ago, the business climate index, so confidence among german business managers really crashed so that
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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's 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 german economy. so for the 1st quarter, the outlook is rather unclear at the moment. lots of uncertainties concerning the delivery of gas from russia concerning also the further development of inflation. these are all things that are quite uncertain, but for the moment, i would say that for q 3, this is really, this is, this is most likely a decline in activity chemo while most cars are the for institute. thank you. thank you. now to some of the other global business stories making news, years president joe biden has announced the plan to partially forgive student debt
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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 flights are now above prevent them levels even though it's international travel was still 50 percent below is 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 a production hub is to grow. apple is ramping up for production of its i phone 14 in the 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
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tensions between beijing and washington and china's repeated large downs during the coded pandemic apples. just one of several large u. s. brands attempting to move away from chinese production. let's get more of this from dw is char ricardo gay and deli charo. why does india seem to be the preferred production side here? well, chris or apple has been trying to diversify supply line for a long time now. and recently china, it's rang to move beyond dirge. i know also because of the several local would induce, logged on to china has imposing in a large number of cities and 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 fewer destination for apple for
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a long time. now are 3 of its contractors who are already functioning in india. so order models of i forms a form, se, april 11, 1213. they're already being manufactured in there. but this is possibly for the 1st time report suggest that the latest model life on 14, would be manufacturer just 2 months after a. it's sir, after manufacture 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 or fox gone nerd runs a major, i foreigner, manufacturing facility or near the south indian town of chimney. and where a ford boys in the incident broke out afterwards, it had to shut down its factory and it was her are able to open only a about
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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 a 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 apple was el, forced to a girl contractor on probation. and after a long time that the issue was settled, so the where these contractors 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? well yes, it does seem to be working across. it's a production linked incentive scheme in which our manufacturers have been told that if they are able to produce a over 80000000 rupees,
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are worth goods here. then they get various incentives in there in terms of their production and, or 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 and to 30000 jobs are so far in the country. so it appears to be working both way forward, the government and meeting his employment target as well as far road manufacturers . chris g. w correspondent, charro card again. deli charo. thank you. it has not just since gas prices have gone to 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. 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,
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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. just an act i says his trees needed cover any way. they're caught more frequently in hale and heavy rains. dig a dank of our guns club report, cooper, foot investment, it's pretty simple and we need to protect the plants. and when we can combine their needs with an option to generate solar power, what i, which we can either use ourselves or sell that we're having really good synergies. the whole idea leads to something useful and positive from further political. the 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
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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 ivy 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 of over solar power. scientists agree that the potential is huge. if i know him in, on our max tom stoffer, his team, a co ordinating the test run here, 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 continue getting in the process to get
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a permit for agri photo we'll 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 enabled gardeners to join farmers in this field, and garden bo, balancing a growing need for power and food. experts are hopeful that their tests work out, and they can't double their harvest. and finally, food inflation is putting millions around the world in a tight spot. in thailand, the government has now allowed the 1st price hike for instant noodles. in 14 years, the new price for $3.00 major brands, way way, mama and jamini will be 7, but that's one bought more than what ties have been pay. the 15 percent price hike is not easy to stomach for all and does limit it. once the cost for our materials drop companies will have to lore the per packet prices accordingly.
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ryan 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. mm. will the drought soon lead the entire shipping industry high and dry focus in europe in the w. ah, we're all good to go beyond deal with as we take on the world. i do all this. yeah. we're all about the story that matter to you.
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i police my phone with you. we are your is actually on fire made for mines. ah, will you become a criminal? i think i may, i already know that with hackers paralyzed me. try your societies, computers that out. sure. you and governments that go crazy for your data. we explain how these technologies work, how they can go in for but how they can also go terribly, watch it now on youtube.
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ah ah, this is the w sli, from but in the death told mounts after a russian assault on ukraine's independence day. keith says civilians were killed and injured by rocket attacks in east and ukraine on a train as well. that says ukrainian authorities announced the country's largest nuclear power plant to shut down wald leaders calling full restraint after fighting breaks out in northern ethiopia and take months of com hope is slipping away.
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