Skip to main content

tv   Business - News  Deutsche Welle  August 31, 2022 8:15am-8:31am CEST

8:15 am
full full, the soviet leader, mikhail gorbachev, who has died at the age of 90 blunt with policies that promoted free speech and revolt within the communist book. which on forged a new dialogue with the west that ultimately brought down the iron curtain and pro about german reunification. business is up next. stay with us for that. i've been phys all and thanks for watching. i'll see you next down by, by, ah, every day for us and for our planet, with global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats?
8:16 am
what to do with all our waste. we can make a difference by choosing reforestation over deforestation recycling over disposable smart new solutions over steam set in our ways or is truly unique. and we know that that uniqueness is what allows us to live and survive. google ideas, the environmental to global $3000.00 on d, w, and online ah, so much for curbing demand us job openings tick upward yet again, that's fueling skepticism that the fed can bring inflation down without more drastic action will go to wall street for more. also on our show, it began as a student project, a decade later, it's in commercial production. we'll take
8:17 am
a look at a special electric vehicle and uganda. hello, and welcome to the show. i'm seeing birds in berlin. the number of job openings in the us increased for the 1st time in 4 months in july assigned that overall demand has not been cooling as fast as officials their hope. the u. s. labor department reporting tuesday, there were 11200000 job openings on the last day of july. that's 200000 more than on the final day of june. and roughly 2 openings for every unemployed person in the country. u. s. central bankers have been raising interest rates and a bid to cool demand and curb rising prices are, let's go to our financial correspondent in new york. teddy austro teddy. i think we'll see him in just a moment. there is teddy business, are still looking for workers despite an economy that is cooling, which we read into these new figures. well, what they say is that we do have
8:18 am
a booming labor market despite the federal interest rate hikes, which have been affecting the economy affecting the housing markets as well as the tech sector, for example, which have rolled out a number of a lay offs, but it's as you said, we're looking at 2 jobs per worker here in the united states, and that is given workers the upper hand. it is easier for them to find jobs to negotiate higher wages where even seeing a number of workplaces try to unionize. now, why is this the case? at least it can be attributed in part, to a decreasing labor participation rate. that means less people are actually participating the labor market. in general, since 2020, a lot of people dropped out of the labor market and businesses have the struggling ever since, especially as pent up demand has unfolded here on in 2022. that's at the fed has been wanting to see a reduction in these openings is a sign that it's rate hikes are working to, to, to cut that demand. but,
8:19 am
but can the u. s. really cut demand without increasing unemployment itself? well, i would say it's not really required to have an uptick and unemployment, but it depends on the policy toolbox that you have the fed 1st part. can i interest rates now, what does that do? the fed chair jerome, how has indicated last week at his event, jackson hole event that we are going to see a softening of the labor market. most likely. that means that optic and unemployment would, if you believe that, that is not what is driving the inflation given that wages have not actually kept up with inflation. then we have to look to other toolboxes which may not rise, unemployment look to the supply side issues. look through the corporate profits, which have widened and received a record breaking profits here in united states, which i've certainly exacerbated the inflation crisis. here are the us throw in new york. thank you very much. over to europe
8:20 am
now. recession concerns are growing in germany after the new inflation reading for august showed the 1st optic in 3 months. goods and services rose on average by 7.9 percent from a year earlier. that's according to the statistics office. now that matches the rate in may before the government passed a series of relief measures. economists have warned that inflation will run higher in the months ahead and could even reach double digits later this year. of fritzy curly guy is chief economist at the german development bank, k f w. we asked her what kind of further measures the german government needs to take to cushion the impact of soaring costs? well, i think altogether we are expecting inflation to reach a point 4 percent in germany this year on average. and with regards to the energy prices that are still increasing and reaching and consumer is still
8:21 am
there, a lot of measures that are being discussed. and of course, the prices that actually will affect consumer is depend both on demand and supply factors. so of course, there's the question, how much can the bond be lowered through simply the price signal and then also on the supply side, how quickly can gas the replaced or ration gas to be replaced by a gas from other sources or also which i turn it is and what costs are available to the economy? for ticker, the guide there with german state bank k, f, w, or rising inflation is affecting germany is most vulnerable. and in ways that might not seem that obvious. for example, food banks are struggling with higher prices. they're also receiving fewer donations. it's morning and preparations at the cielo food bank are in full swing. in recent weeks, the busy period has been especially bustling employees,
8:22 am
expect the same today. a delivery from a nearby supermarket has just arrived some sla, 5 strawberries, and 2 pots of herbs. but the delivery for the cielo food bank would have to be much larger than this to accommodate the increasing need. buffy here he is a 0. what i see here now, i know that we can meet today's demand. sabina horn is walking a tightrope, more people and more need all while seeing fewer goods is invisible and you can see here that we're struggling to survive. we don't know how much longer we can keep it up, that we will be able to help people, the city low to put on. it's just before 11 a. m and people are starting to line up. many issues are currently hitting everyday people in their pocket books, many who had little before and now being hit the hardest by rising prices. so couldn't good morning. the 1st step is to draw lots each time. there's a new order for who can pick up food and at what time horn says the random drawings keep things spare before they implemented this method,
8:23 am
people would start lining up in front of the store at 3 a. m to get the best food. today. customers include many new comers, the cielo food bank is not alone, nearly one 3rd of all food banks and germany have stopped accepting new customers due to the increase in demand. maria lee bish has been a food bank customer for years. she's unable to work and receives only a small pension. now because of high inflation, she covers almost all of her food needs through the food bank. she says she needs the assistance, leaving it over emma, the exit to even life goes on existing, staying alive. but if it's already difficult, and i'm really glad that i have the guys and gals here, what does she need from me? did you have a phone at the office looking at the blackboard? i would know, honestly, i'm not sure i could manage that in kingwood. at the same time in sabina horn's office, she's making an exception today. it's an emergency. this man is currently penniless,
8:24 am
with problems at the job center. horn wants to try to send him home with food today, somehow and staying in germany, chatswood, olaf shoulds on tuesday, emphasized his support for a gas pipeline linking the iberian peninsula to central europe. as berlin scrambles reduce dependency on russia. or after talks with spanish prime minister pedro sanchez, the german leader said the proposed energy link, running through portugal, spain and france would be vital in both the short and long terms. here's what the spanish prime minister had to say about the project tick. listen, it's been your stage pushed out, but with that pain is prepared to use all its capacity. but i to help those countries that right now are suffering more from dependency on russia. on putin's energy blackmail. i could go to that, we have to remember that spain concentrates 30 percent of the re gus vacation capacities of the whole of european 30 percent for the most with us. and we cannot use them fully and completely because we have
8:25 am
a bottleneck of it that are some of the other global business stories making headlines. frustrated international bondholders are pushing their own debt restructuring plan for the trouble chinese property developer ever grant. the financial times reporting that they want the companies chairman to pay for their liabilities out of his own fortune. every grant owes over $300000000000.00 around $20000000000.00 of it to foreign investors. you a solar panel manufacturer 1st solar is planning to invest over a $1000000000.00 to boost production and build a new factory in the us. it's among the 1st major corporate investments announced after the signing of a new u. s. law that incentivizes certain renewable energy investments a to uganda, now where the government has invested over $50000000.00, an electric mobility, through a public car manufacturer, kiera motors corporation started as a student project. but 10 years later, it's begun commercial production with some pretty innovative designs. boarding
8:26 am
uganda's 1st electric bus that jumped on here locally designed the 49 seater from us a bunch of petition. when a full single judge, the kola bus can cover up to 300 kilometers in our for an average food to shift. we can no longer afford to wait for the future. and then we say all can now everyone else is we're using electric godless as a jump on board and produce we have to set now. so that by that time that into our wild is using on the electric cars. we are also playing in the same field as well. at least blunt east of the capitol complex. you're going to has invested over $50000000.00 in state own kiera motors to start must production of electric vehicles including concept sola buses that consume arteneus li run as they charge batteries using energy from the sun. yeah, another bit is that we have as
8:27 am
a mission is we are rocketed along very quitter and you will receive 8 hours consistently every every day throughout there of sunshine. the enhancement of efficiency in that area is still an area that is being studied by so many researchers to see if even the technology we are using might be the right one to any of us to have maximized session of efficiency. more than 70 percent of cards when you get in roads a 2nd had inputs widely blamed for pollution. the local to manufacturer is now testing the i breathe vehicle for private use as to extract that champ anger wants to drive our country into a future. cleaner mobility, i would really love that we have a cow in the road by 2025 that can allow me to drive an electric car in the next few years and reduce the impact of that into local mesh,
8:28 am
an agent on the environment, the i believe we have vast technology that can be, it would change that game in uganda. in africa. you're going to take its production of a 1000 vehicles annually. but experts see the country must also roll out to rely, but charging infrastructure to keep the electric vehicles on the road. that's it for me and the business team you can find out more online at d, w dot com slash bit slash business for also on youtube. under the d. w. news channel i've seen beards, thanks for watching them in in good shape. keep your feet fit after all, you use them along the equivalent of about 4 trips around the world by the end of your life. how can we keep our feet healthy? so we say pain free. what should we know about them?
8:29 am
how can we give them a break and what can our hands do for our feet in good shape or next on d, w. o, what's happening in she lane, it could soon become a more modern and progressive country. newly elected left as president gabrielle borage is planning major social reform. but pinochet's legacy cast a very long shadow. changing of the guard in she lay close on 60 minutes on d. w. ah 50 years ago the international gathering of peace and cooperation becomes the scene
8:30 am
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 is really the last on the so in the life or worse fears of realized to my they're all gone. how i witnesses experienced the terrible events and this, the world should not forget the long shuttle to 1972 olympic massacre. start september 3rd on d. w. and how far does one person walk in a lifetime? research is estimate that over the course of 80, if the average person covers between 82860000 kilometers. that's like walking on the earth equator $3.00 to $4.00 times, but it's only possible if off.

28 Views

info Stream Only

Uploaded by TV Archive on