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tv   Business - News  Deutsche Welle  September 10, 2022 5:15am-5:30am CEST

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you 8th, a conference league matches on thursday night, shortly after the news of queen elizabeth steph broke countless british athletes and sports organizations like the premier league here, have offered their condolences. the usually unstoppable financial and cultural jagger not have british football will even be suspended in morning for the weekend . where further silence will signify the nations appreciation for queen elizabeth and her legacy. for now, my good craft of morphy soon. thanks for watching with we've got some hot tips for your bucket list. romantic corner chat. hot spot for food. chat and some great cultural memorials to boot. d w. travel off we go. a vibrant habitat
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ended go listening place of morning. the mediterranean sea have almost far and to follow a dual career drift along with exploring modern lifestyles and mediterranean meeting people actually hearing their dreams maybe to me journey this week. do you w ah . walls street stood still for just a moment today to honor queen elizabeth the 2nd for the minute to find them on 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 maker now paying 20 times its normal
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gas also coming up to cuba. currency hits a 30 year. lo will look at how already struggling cubans. a coping the worst 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, i would 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. yeah, definitely not to daniel was not your usual
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a 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 queen elizabeth the 2nd, basically i was the only queen she ever knew. we had other corporate leaders to paying their respect to bill gates, the former head of microsoft and magicks at bay saw. so bob eiger the former m head of a waltz, a disease, a c o r for google mary barrow and the head of the general motors says, so just to name a few. and then an epl today actually started the pre order for the new i phone 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 day eat on mosque. says that he's looking at opening a lithium refinery in texas just looking at so far. so what do we know?
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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 be actually a file tor getting the allowance to a to start the refinery, probably in texas. and if you look what is trying to do well, lithium prices are 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 a license to print money having $1.00 of these lithium refineries. so what stopping
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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 need 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 a tech subsidies since he also said, okay, so if he does not get that from texas, 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 must 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 hungry 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 their e u counterparts. and proc hungary halted the blocks adoption of a 50 percent minimum tax in june. here's 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, this out, 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 in favor far coordinated approach is in the european union,
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and our member states are and invited to support as e, a minimum and taxation. and now to some of the business stories that he was 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 to 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 plat the double decker, t g, 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 piano president of europe and central asia at the world bank, asking her which sectors or 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 him talking about health education,
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social 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 couldn't prepare for the winter. so this isn't showing, 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, a lot of efforts is being put forward to help farmers for the next planting season . but also making sure that the infrastructure entered just 6 in the countries such that there's access to market by the farmers. and finally, i can only emphasize human development more broadly. we need to make sure that the human development and the human capital of the country continues to be strong and also health services. rushes 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
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impossible, leaving no choice but to shut down production. due relics is one of the world's most prominent glass produces, 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, the aquinas 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 before maintained production, our energy costs could represent up to 40 percent of our turnover, which is untenable. looking at another, due relics needs lots of energy. it's gas fired, furnace is met, glass turning it into tableware at $1400.00 degrees celsius. the current one to
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lety of energy prices is a nightmare for the company's boss. that we are filled with. the 1st thing i do when 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 aqona 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 this havana. cafe is now a head scratcher, the value of the cuban pencil. is it a 30 year low on the black market? the cafe owner has had to raise prices to pay for more expensive ingredients. sampling also about the price of other things will rise because the dollar rules in
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the shops, the u. s. dollar determines the prices cubans are trying to replace the apostles with hard currency as a survival strategy. again, at purchasing power of cuba has decreased. any one who doesn't have foreign currencies out of luck, there are shortages in the shops, basic necessities, under the products that amount us 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 favourable rate, but the government attempt to stabilize the peso have field, and the black market has not been swayed. i said, obviously selling the government currency exchanges and the banks account for a tiny share of currency transactions are not here. so this rate doesn't impact the informal market because it represents a small part of the total number of transactions. they lets you. while cubans are now scrambling for foreign currency, it's becoming harder and harder to get,
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especially with tourism still dampened by the pandemic and trade hampered by us 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 music . come to combat the ticket. matter, researchers want to purify the i wouldn't natural method. the results from preliminary tests conducted under real world conditions, ah, hope o. and is this cleaning method or so useful on building experimenting to create a better quality of life in cities tomorrow to connect on
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dw, we love europe, we love diversity, and anything unusual, no mountain is too high and no road is too long. in search of the extraordinary we are the specialists of lifestyle, europe, euro macs, in 60 minutes on d, w. o blue with a mountain is increasing every year, many im gonna working on landfills and we work very holiday destinations drowning and plastic weiss, we, we wine and take a look at the causes every year. europe exports over 1000000 tons of plastic with use there.
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