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tv   Business - News  Deutsche Welle  September 7, 2022 5:15am-5:30am CEST

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nations nuclear watchdog is calling for security zone to be established around ukraine's in battles f. r asia nuclear power plant. i. e, i, chief rafael, cause he says he is gravely concerned about the situation of flint. all right, that's all for me for now, but up next is business news with daniel winter. and don't forget you can get all the latest news on our website. that's d, w dot com. and of course you could also follows on twitter and youtube. i'm here until from dillard, thanks for joining us. ah . my friend ended go listening place of morning. the mediterranean sea. it's waters connect people of many cultures seen of almost rock and to
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far abdul karim drift along with exploring modern lifestyles and mediterranean. where has history left its traces, meeting people hearing their dreams ready to renew journey this week on d. w. com had a v v t v. highlight you every week in your in box. subscribe now. ah, britain's new prime minister is putting the economy at the top of her agenda. but with the poorest consumers facing the choice of heating or eating can she help before the winter starts to bite? also on the show. not just you casing in energy crunch nations across the
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e. you are trying to secure gas supply, protect the most vulnerable from high prices. we'll hear from a course. it's that time again dw business. welcome. britain's prime minister liz trust has taken office. her 1st pledge as p. m, to tackle the looming economic crisis facing the united kingdom. here's what she had to say. i have a bold plan to grow the economy, 3 tax cuts and reform. i will cut taxes to reward hard work and base business, lead growth and investments. secondly, i will deal hands on with the energy crisis caused by peyton's war. i will take action this week to deal with energy bills and to secure our future energy supply. and with those pledges and mindless truss has moved rapidly to appoint her cabinet, including the new finance minister,
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quasi qua tank will be responsible for putting together an interim budget to shore up the you case finances as it faces down the cost of living crisis. after all, average families in the u. k. are desperate for support. lincolnshire in the east midlands of england. it's home to gary and natasha waterhouse. she has been eating around the clock here since a cancer treatment. he has quit his job as a cabbie to provide gary shows us their utility bills. their costs have recently gone up from $36.00 to more than $200.00 euros per month for making plans of which rooms we can hate. at the moment. i mean, it might be a case of just where layering up and her of say, having vine kits around to keep warm on august 20 sakes, gary, found out how much more his cost of living could go up. that's when the government set a limit for energy providers. previously,
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they could not charge more than $2300.00 euros per average household. now the limit has been up to 4100 euros. hundreds of thousands of brits don't know how they will be able to pay the difference. many already, depending on food banks to get by is very, very fearful because you're just thinking about how you're going to get the money to keep wall. how you going to get the money to buy the food? which why is it gonna go through a dog or heating? i think is gonna be very hard for us. yeah. yeah. we try to live class people. the recent crisis has been hardest on the poor. natasha and gary waterhouse have been supporting the conservative party, but they are disappointed throughout the sinking abandon ship her. there's nobody at home steering is in the in the right direction. the squabbling
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walks themselves and they're not focusing on the true thing. that's approaches the people of his country, people like natasha and gary who are unsure how to get through the coming winter. ringback ringback and for more on this, we spoke to analyst, susanna streeter asking her whether the hannah higher energy costs mean consumers are holding on to their cash so they can afford energy this winter. absolutely, as were already seen this week of the latest her index from the british retail consortium. it's snapshot shows that was many shoppers had been doing is not actually buying essentials like school uniforms, so much that they had done in previous years. instead, they're ring fencing budget and they're spending on things like neat where to keep them warm during the winter and also energy devices such as air rise, which are likely to use less energy during the winter months to be turning off
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their cookers and using these instead of calls that they can afford to make these purchases. so we're already saying this change in behavior. now interestingly, today we tell stalks have risen at the likes of next, which is the major clothing platform and sportswear company, j. d. sports. there is an expectation that energy bills will be frozen and that could give consumers a bit more wiggle room when it comes to being a already bill's gonna be sky high. so i think is very difficult spending decisions will still have to be made course, it's not just the u. k. facing down a rapidly rising cost of living brought on by the leap and energy prices. the story playing out across europe with each country working out a different strategy to combat the crisis. our correspondence in germany, france, italy, and spain can tell us more. the german government
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has agreed on its biggest release package yet for citizens and companies facing the pain of soaring energy prices. after a tough overnight negotiations on the weekend, the coalition partners decided to help vulnerable groups, including pensioners, students and people receiving social welfare support, as well as energy companies that depend on expensive imported fuel. the $65000000000.00 euro price tag will be paid in part by a new tax on windfall profits being reaped by other energy firms that depend on cheaper fuels such as cole. and meanwhile, the tireless energy diplomacy of germany's economics and climate minister robert havoc has succeeded in partially weaning this country off of russian natural gas. paris has now increased a fuel subsidy by $0.12 to $0.30 per liter. it has also kept electricity,
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price increases, but resident, my car has already warned that the end of abundance is near and that energy prices will eventually rise. according to polls, the french are willing to reduce their energy consumption, as long as the government continues to help them financially. business and unions are calling for the government to do more, even as 52000000000 euros have already been budgeted to soften the impact. the outgoing government of prime minister maria druggie is expected to call on the public to turn the heating down by one degree and to turn it off for an extra are every day. but his italians go to the pools on september 25th. the different political parties i expected to call for a cap on gas prices. i did the european level or domestically with others pushing for nuclear power or tapping further into local gas resources. clearly, this is going to be on top of the agenda for any new government.
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spain is taking part any you white efforts to safe gas to make it through the winter. visitors to spain may feel warmer than before our public billings, like shopping malls, restaurants for towels, or even airports are not allowed to cool their indo spaces below 27 degrees and contrast the autumn and winter heating of these areas is not allowed above. 19 degrees centigrade, furthermore, elimination of public buildings, even shop windows has to be switched off after 10 pm to ease the burden off its citizens. the government just decided to lower the tags on gas. well now let's take a look at some of the other global business stories making news. a union representative of tons of pilots is called off a 2 day strike. after
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a last minute agreement with germany's biggest airline, the cockpit union said the 2 sides agreed on the basis of a comprehensive package of monetary and structural issues. a walk out last week for the cancellation of hundreds of flights. and germany's volkswagen is preparing a partial public offering of its porsha brant planned for later this year. the listing is expected to bring in billions of volkswagen claims to invest in the strengthening of its production of electric cars and batteries and software electronics, cigarette make and jewel lapses agreed to pay nearly 440 $1000000.00 to settle an investigation. i 33 us states into the marketing of its faith in products investigation found that jewel marketed it's e cigarettes to under age teens with launch parties, product giveaways ads and social media posts and as get more in this now with the quarter in new york. yes, shares in altria jewels parent company slid to day and you think settling this
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year's long case would be a weight off their shoulders, but it seems investors don't agree now down here and still there is a lot of uncertainty remaining and more than $400000000.00 is still a lot of money and if you look at altria, they bought a 35 percent take in jewel in 2018 for roughly $13000000000.00 company back then was worth about $38000000000.00. so meaning a jewel was worth that much today they have a value, a ton of roughly one and a half percent last year. they lost their loss of the top spot when it came, come through in the united states. again, the arrange them so i think definitely could be better for jewel, and there are also for all trail. so this is a serious case. where does jewel go next?
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well, that is a big question because so there actually thousands more lawsuits running against the jewels, including 9 other states here in the united states. then also, this summer we had the food and drug administration, actually ordering a jewel to pull the product from the us market. there is an appeal running and i'm not saying that it's likely, but it is possible that maybe jewel might even be forced to file for bankruptcy of protection. so there is still a lot going on for the company looking at all right, so tough times ahead for julians quarter on the new york exchange. thank you very much. i'm actually gonna stay on the new york stock exchange. ukrainian president vladimir zalinski has paid a visit to there. well, virtually at least he rang the opening bell and urged business leaders to invest hundreds of billions of dollars in ukraine. war torn country is aiming to rebuild
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infrastructure strength and natural national defense and exploit its natural resources of your children and the want of your contract. and you're up to date with d. w business. if you want more, check us out. on the dw news youtube channel from me and the business team here in berlin. thank you very much for watching eco africa. you can only protect what you know is the motto for namibia is jarell. conservation is as many people know, are too little out. these animals and doesn't get enough of keith. and when they see any was for example, it's you laugh from kelly them. infantile. the giraffe conservation foundation wants to change this eco africa. next on d. w. departure into the unknown. today. this means flying to
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a foreign planet. in the 16th century, it meant being a captain and setting sail to discover a route and adventure full of hardships, dangers and death. my jillions journey around the world. in 45 minutes on w. o. in cash, william had a bank on gonzalez with i and was, hey, if i had known that the boat would be that small, i never would have gone on the tray, but i would not to put myself and my parents in that danger. got upset females that he was legal, would love one centreville hospital on the liberty to give them i had serious
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problems on a personal level. and i was unable to live there with you want to know their story info, migrant clarified and reliable information for my grants. a most the for the now feeling the effect of climate change there is forest fires, droughts, i'll gladly in africa all year.

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