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tv   Business - News  Deutsche Welle  September 9, 2022 11:15pm-11:30pm CEST

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very smart rebranding exercise. how much they really serve is another question i think which one could go into. but the idea of switching that i that, that, that image for being the rulers, to the servants. that was very clever. thank you very much. and i clever st. you're now for a business now with daniel winter and nickel freely for me and the entire team here in the newsroom. thank you so much for a company with him. when you work as an architect, like go all in or not at all women in architecture. why are they so invisible to the larger public? we decided to ask them. this is, what is the poetry,
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the secret of the house and i'm calling about their motivations. the real goal of architecture is to create habit dead for human, about their struggles and dreams. responsibility is huge, they haven't so much to lose shattering the glass ceiling women in architecture. this is has to be really, really good. start september 30th on d. w. ah . wall street stood still for just a moment today to honor queen elizabeth the 2nd for the minute have signed them from the new york stock exchange. will find out more my correspondence as european finance ministers meet in prague to discuss energy prices, we look at one struggling business. the glass may come now paying 20 times its
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normal gossip. also coming up to cuba, as currency hits a 30 year, lo will look at how already struggling cubans. a coping with a was in your comp time, again d w. a business welcome tributes. marking at the death of queen elizabeth hath poured in from all corners of the world. even american businesses honored the late sovereign leading the tributes. the new york stock exchange which held a minute of silence. before friday's opening fell in a sign of the queen's popularity in the united states and the financial world, the financial press also put aside to financial topics to lead with the news. as well as that of the accession of the new king charles. and as get more in this, ah, with a correspond against quarter in new york. and yet it wasn't just the new york stock exchange. it wasn't the only company to recognize the death of the claim to that.
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yeah, definitely not to daniel was not your usual business saying as i speak, by the way there is still the union jack flying on front of the new york stock exchange by jane fraser, for example. the head of m, as city said that sir, queen elizabeth, the 2nd basically was the only queen she ever knew. we had other corporate leaders to paying their respect to bill gates, the former head of microsoft, a magicks, a base saw. so bob eiger, the former m head of a walt disney's the c o r for google mary barrow and the head off for general motors says so just to name a few. and then an apple today actually started the pre order for the new iphone 14, but if you clicked on their website, the only image you saw a was the image shelf for queen elizabeth said the 2nd in the are from the early fifties. all right, well nevertheless, business did continue to de eat on mosque. says that he's looking at opening
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a lithium refinery in texas just looking at so far. so what do we know? nathaniel, it's a very interesting move for elysium. in general, of often comes from south america and also from australia, but the same as with a crude oil, you have to do something, was that right? you need a refinery. so to actually use this, lithium, and most of those refineries are in china. so and now ill on mosque wants to bring some of those refining business, said to the united states. and so he actually a file for us getting the allowance to a to start the refinery, probably in texas. and if you look what his trying to do, well, lithium prices or shots were the roof, and the past couple of years was all this demand, especially from a battery and makers just this year, a low and the price of elysium increased by a good 220 percent says all about securing that supply chain, but musk said that it was
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a license to print money having $1.00 of these lithium refineries. so what stopping him from doing it already? there must being musk, i mean, he compared basically the lithium business, sir, to the huge margin that you get to want to have some successful software product on the market. i mean, 1st of all he needs sir, is some of the support from the state. so he said if he wants to build this refinery in texas, so at the gulf coast, he would need some tax subsidies since he also said okay, so if he does not get that from tex of maybe he might to bring this business said to louisiana, but then i guess there's also a reason why all this refinery are businesses in china to begin with. so it won't be easy also with their environmental groups and alter, with some communities said to start as such a big project here in the united states. so we'll see if musk really does get that license to print money. thank you very much. and support in new york,
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the european union's 5 biggest economies of said they will introduce a global minimum culprit tax next year by any means possible. even if hungary refuses to end its opposition to the move finance ministers of france, germany, italy, spain, and the netherlands made the joint statement at a meeting of the e u counterpart. and proc hungary halted the blocks adoption of a 50 percent. minimum tax in june is what germany's finance minister christian now had to say is, is an enormous progress or form of fairness on the international level. and it allows us to reach the financial needs of our budgets without a higher burden for our people. and as this is why we are standing ready to transpose the international minimum taxation into national law if necessary. but of crosby i
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in favor far coordinated approach is in the european union, and our member states are and invited to support as e, a minimum and taxation. and now to some of the business stories you is working on banning products and imports made with force labor, according to reuters, you lawmakers are concerned about human rights abuses in the chinese province. she jang, the current draft rules are less far reaching than proposed due to legal constraints . french national railways and austin of unveiled the new generation of high speed t. v train at the company's level shall plant the double decker, t v v m consumes 20 percent less energy and 97 percent of its components are recyclable. it's expected to begin service in 2024 new data shows the true scale of the damage. russia's invasion is having on the ukrainian economy, new figures from the world bank estimate, the initial cost at
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a $100000000000.00. and that was just on during the 1st 3 months of the conflict, housing and transport, commerce and industry where the most affected sectors. most of the destruction took place in the regions located on the front lines of the war, barnett's 2 hands, hockey and his apertures year. in addition to areas which the ukrainian army has now liberated the world bank projects a tenfold increase in poverty with a round one in 5 ukrainians expected to fall below the poverty line. the report also shows it could cost nearly $350000000000.00 to rebuild ukraine. we spoke to an a be under the president of europe and central asia at the world bank, asking her which sectors all projects should be prioritized for a quick recovery. first and foremost, we need to do what we've been doing, which is to continue to support the government of ukraine in their delivery of cor, essential services to the population. and here i'm talking about health education,
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social safety net pension, and also support to internally displaced. but we also need to focus on activating the economy and that's the recovery and reconstruction part. and here we would very much like to focus immediately on helping you prepare for the winter. so this is ensuring there's enough sources of energy for heating, but also for industry and for businesses. and thirdly, a very important part of your current economy is agriculture. and here again, we need to make sure that the human development and the human capital of the country continues to be strong because they're going to need skills in ukraine to be able to meet the needs of recovering reconstruction. and so here i would emphasize again education, but also health services. russia's war also has the rest of europe on edge as europeans are urged to save energy this winter to avoid shortages. for some companies that's impossible, leaving no choice but to shut down production. due relics is one of the world's
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most prominent glass producers, but it soon won't be producing at all. the french company says it's halting operations for 4 months this winter, due to the cost of gas and electricity. jo, jose luis jacqueline asked, is no other way to save the business. li predictably, between january 2021 and january 2023, the price of electricity will have be multiplied by $22.00 and gas by 18. in these conditions are production lies. are worthless, your quote for maintain production, our energy costs could represent up to 40 percent of our turnover, which is untenable. looking at the number, do, relics needs lots of energy. it's got fired, furnace met, glass turning it into tableware at 1400 degrees celsius. the current one to lity of energy prices is a nightmare for the company's boss. that we are filled with the 1st thing i do when
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i wake up in the morning is look at the daily change in electricity and gas prices . it again, it's a family, a roller coaster, and the outlook for the future is complete and not so you will hold the lucy o'connor says, if the crisis goes on, it would mean the debt of the industry as he knows it. and finally, cuba peso has hit its lowest value against the dollar since the 1990 s. that is, cubans are experiencing the worst economic crisis since the end of the soviet era. life is more difficult for cubans even making basic dishes at this havana. cafe is now a head scratcher. the value of the cuban pestle is at a 30 year low on the black market. the coffee owner has had to raise prices to pay for more expensive ingredients. simply while also above the price of other things will rise because the dollar rules in the shops,
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the u. s. dollar determines the prices cubans are trying to replace the epistles with hard currency as a survival strategy again at to purchasing power of cubans as decreased. anyone who doesn't have foreign currencies out of luck, there are shortages in the shops, basic necessities, under the products as opposed to, to monetize yakima. looked up at old. official cuban currency exchanges opened again for the 1st time in 2 years. last month. they exchanged cash at a favorable rate, but the government's attempt to stabilize the peso have field, and the black market has not been swayed. or is it a, we always yelling the government currency exchanges and the banks account for a tiny share of currency transactions. so that i'm not sure. so this rate doesn't impact my informal market because it represents a small part of the total number of transactions. it lets you while cubans are now scrambling for foreign currency, it's becoming harder and harder to get, especially with tourism still dampened by the pandemic and trade hampered by us
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sanctions. little cash is flowing in. most cubans have to hold on to watts of pencil notes, which are losing value every day. and you're up to date with the d. w business from me and the business team here. and belinda, thank you very much for watching. what's making the headlights and what's behind van d. w? news africa. this shows that the issues have been the continent. life is slowly getting back to normally well in the streets to give you in the report on the inside. our cars, monday was on the ground and reporting from across the continent. all the friends don't mazda to you. next, on d, w, ico, india. all the food you need produced by yourself is made
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possible by aqua tonics, a hybrid cultivation system. small households are already successfully using it. now an entire community and corolla wants to become self sufficient. so how does actual pawning work? eco, india? in 60 minutes on d, w o. in blue, william had a bank on gonzalez, will i and was how, you know, if i had known that the boat would be that small, i never would have gone on the train. i would not to put myself and my parents in that danger. god, it's a theme that'll fit akita. slater with love on center. they've had that one. the ability to give them i had serious problems on
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a personal level. and i was unable to live there, but they went and got it. you want to know their story info, migrant, verified and reliable information for migrant versus deed of the news. africa coming up on the program. queen elizabeth has died out the 70 s on the throne. how will she be remembered across africa today? and i can shop on the reef, i follow since i wasn't child. so i must say it's very sad for years. she's lived a very historic.

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