tv Business - News Deutsche Welle September 12, 2022 11:15pm-11:30pm CEST
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say that they need to oblige to the rules that they are now setting to see if they can revise their but for israel, for both, for the president and for the prime minister. any agreement would not lead to stopping iran. but this is nothing new. and that's something that they again saw today. so there is agreement on one side, but not how this can be achieved. and that was our correspond with benjamin alvarez gruber reporting there. you're watching dw news, st. jude for our business update. that's up next with christy. plants and i will see you tomorrow with sh i'm skin that i want. that's hard. and in the end they send me. you're not locked up to you anymore. we will send you back. are you familiar with this?
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with the smugglers, with lions as of the. what's your story. ready ready he wasn't on women, especially a victims of vine, and seen a lot of them take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information ah, you aesrael company start halting shipments with strikes looming, workers unions are calling the move. extortion can supply chains. take another hit . also on the show, rising energy prices are putting pressure on businesses across europe and raising
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fears of a wave of insolvent fees and calls to save energy while cooking past that have sun a time shafts. blood boiling by welcome back to the w business. i'm christy plats and in berlin. some us railway companies are halting shipments of hazardous and toxic cargo as negotiations with train workers unions enter a critical week. if real companies and workers fail to strike a deal by friday, there are concerns that a strike could slam, already battered supply chains that would force cargo onto the road and hit consumer prices, the real company, se halting the shipments, answers ensure safety and the risk in the advent of a strike. but union reps say it's an attempt to tie up critical industry and force and congress to intervene. well for more and this we go to teddy auster at the new york stock exchange. hi there, teddy. thanks for joining me. so we're talking about upwards of 60000 rail workers striking here. what kind of impact would that have?
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well, the potential fallout is really enormous. we're talking about 30 to 40 percent of freight being shut down in the case of the rail road workers do indeed go on strike on friday. this could cost to you as economy about $2000000000.00 a day. now, those are just the numbers. what does that look like on the ground while we're talking about grain rotting and silos, potentially empty shelves, higher prices. so it is certainly a serious situation, and this is why the biden administration is scrambling appears to try to prevent this, or in the case that does happen with congress into shape, to do an intervention, which is exactly what happened during the last railroad strike. okay. yeah, $2000000000.00, that's a lot of pressure to get things moving again. what are the sticking points exactly in the negotiations? where are rail workers and ro, companies not seeing i well, just to set the table here,
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unions and workers like to emphasize that the railroad companies do see record profits right now. i'm in the past 5 years, we've seen tens of thousands of jobs cut. and that is certainly putting a burden on the remaining workers. many are actually quitting. now the presidential emergency board that is the body that is mediating the labor negotiation, has made its suggestions. and the workers are upset that it did not include anything regarding the working conditions such as sick day is these workers don't have sick days, as well as the strict attendance policies. workers can be on call for 2 weeks at a time, 12 hours a day called at 2 am and a to come in at 4 am. so these workers are willing to strike, not necessarily over wages, but over there working conditions. okay, what have you want to take us to step back for a 2nd now we now supply chain issues have been pushing on consumer prices since the pandemic hit. now we also obviously have energy for energy prices are causing
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a lot of chaos there as well. we have new u. s. inflation data coming out tomorrow, which will be checking in with you on up. what can we expect? will this strike play any role? what can you tell me? well, the wall street certainly seems to think that we are going to see a continuation of cooling, of inflation in august. that's what we saw in july. now it does appear that we have some new private data that seems to support this so such as gasoline. we've seen certainly prices come down there. hotels used cars which are certainly a good sign for the economy, but there are still some stubborn prices, such as food prices, which are soaring. so the railroad strikers are the potential strikers. they have a lot of leverage on these disrupted supply chains and we'll have to wait and see if they do use it. i'll tell you will be checking in with you on that. thank you so
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much. while also a crop across europe, energy costs are soaring and that's raising the price of every day items and staples, including bread that's making life hard for businesses which know that they can't fully pass along their own cost to consumers. more. now warn that they're nearing insolvency. this bakery has been in the same family for 3 generations, selling bread, 2 tubing in locals for 9 decades. andreas next father had the business survived, despite competition from the big b 3 chains. now sh, next future is uncertain. exploding energy costs prices for ingredients like butter and eggs, up to 100 percent. it's become unsustainable. before viola in the store, we actually slide into bankruptcy. we'd rather call it quits while we can actually control how it ends so long listen, so you think?
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ok, so i've driven the whole thing to the world. my grandpa got it done on my father to box, and then i close up shop for the all. turn the key on the lot at sword lou chooses home. there isn't much reliable data on how many german businesses are on the brink of bankruptcy. but alarm bells ringing. in august, the number of businesses filing for bankruptcy rose 26 percent compared to the same period last year. one in 10 companies have reduced production according to service . you become deadly. every day we're not just getting calls for help, but emergency calls from our members and daily were hearing about companies becoming insolvent. of course, that's very, very sad because these companies have suffered through 2 years of covered and survived that. um, when i watched on hubbard and i believe that i have the impression that the decision makers in the government still don't understand what's happening. we have
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energy prices 10 times as high as the usa or china. how can we be competitive and easy is on the dark holger country sun? germany's economy minister has promised a broad rescue package for mid sized german businesses. but when will this package be delivered to me? nobody knows, is long, constantly and safety hoops up till now. the rescue packages have concentrated on households. mid sized businesses have been forgotten. there's a real need for government supportive businesses. if we want to avoid a wave of insolvency is i'm guessing more companies will go to the world than during the corona crisis. we looked at 1 o'clock to cope with rising costs, and trash, neck has raised his prices twice this year. that brought him some customers as reserve. okay, i don't want to pay when you are a 50 for a brett, so either or 7 or 8 euros for a loaf of bread. and when one can't afford bread from a real bakery, it's a dark day for our country. as small companies like the schneider bake me,
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go down to jane. many are asking how long the government can hold back and insolvency soon. i mean. well, it's a herring, final image there. see if they to plus one from the german industry federation says saving these companies will come down to tackling high prices at their source metabolism. also me, obviously we have to do more to ensure that porton doesn't when we have to help these companies, but we can't manage to prompt these companies up with government support. how can we support a company that is suddenly paying 8 times as much for energy and wants to compete on the wild market? it's paying 8 times higher than rivals in the us, but that's why we have to start at 1st principles and to everything we can to make energy more affordable. and throwed use everything that we can m bustios beated. now to some of the other global business stories making as amsterdam stiffle
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airport has asked the airlines to cancel flights on monday, due to a lack of security personnel. the move comes is one of europe's busiest airports grapples with long queues, causing many travelers to mr. flights, airlines that comply with the request to cancel flights will be compensated. the dutch airport operator said jeff bezos rocket company suffered its 1st launch failure on monday. no one was aboard only science experiments, but the rocket was barely a minute into the flight when bright yellow flames shot out from the engine cause unknown. it's the same kind of rock at the blue edge and uses to send people on a 10 minute ride to the edge of earth, the atmosphere, perience, and an anomaly to days, fly. the value of russian imports to germany, including energy, was valued at 2900000000 euros in july, according to official figures. while the volume of exports fell by more than half the value increased by more than 10 percent compared to the same period last year. that's a mid soaring gas prices will sticking with gas prices are rising and europeans are
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worried about heating cost this winter. but for italian, households and restaurants, rising energy bills are striking much closer to the heart. a debate is raging about more energy efficient ways to cook pasta and it's left. some cooks fired up. most italians will tell you that cooking past without a burning flame is and no, no. but with energy costs going through the roof. a growing minority argue that once the boiling temperature has reached past, i can be cooked with a stove flame turned off. this sabatino restaurant in rome has been in the same family for almost 100 years. the owners saw also concerned about rising energy costs minimum $40.00 down, up on them, we were just coming out of the pandemic, are made that really knocked us out. and finally, now that we are working again and making some profit without, we're suffering because of the increases in our gas and energy bills, bengal only. so the with this is creating
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a lot of problems for our business because we're trying not to raise prices running . but i'm not sure how long we can reserve fione, but she doesn't think that saving on gas as a viable solution. her restaurants proudly displace evidence of world famous dinah's hoof praised the food. and her accustom us one pasta, alden tay, which means firm to the bite and not over cooked. she's not alone in a strict adherence to the laws of pa stuff. hello jeff, with echo in tampa. is that on a boy said a little space, so i'm no the result can't do the same because without flame we're only softening the past and we were not cooking it and it didn't battle. what are the low pass that boiling water is necessary to keep the cooking pasta and a constant temperature? if we turn off the heat, we give the starch is the chance to get out from the pasta. and she had a pasta will become much heavier to digest, allowed till the leading italian pastor produces. association estimated that
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turning off business story, we're following per year this hour with strikes looming. some us railway companies are halting certain cargo shipments a men negotiations with train workers unions. well, that's our show. thank you so much for watching. i'll see you tomorrow. oh, who do you like it? do you want it? i love it. okay. then buckle up, put the pedal to the metal. let's ride. mm read. next on d, w. music comes to combat particulate matter.
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