tv DW News Deutsche Welle September 21, 2022 9:00pm-9:31pm CEST
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reservists to bolster moscow fighting force is also coming up at the united nations . u. s. president joe biden condemned de escalation needless war. war chosen by one man to be very blunt for you as president singles output and accusing the russian leader of making irresponsible threats to use nuclear weapons . ah, i'm nicole furnish, it's good to have you with us. russian security forces have arrested hundreds of people protesting against blood and putins. mobilization of reservists to fight in ukraine observer say authorities detained more than a 1000 demonstrators and dozens of cities. earlier fulton announced russia will call up an extra 300000 backup personnel. he says the mobilization is aimed at
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liberating the eastern don bass region or ukrainian forces are staging a counter offensive or western later say the call up is in response to russian losses on the battlefield on the streets of ukraine's capital gave the announcement from moscow as being met with a mixture of derision and disdain. that night there. oh, you know, this is agony caused by impotent patient doesn't know what to do. so now he tries to make people feel his words. that's my opinion. yeah, been with over here at the, i think we have to trust our armed forces and no one else. so rather fronts will always come from russia will go unable to do the walk. so there's no point in listening to them when negotiating them. awesome. so really, he's are all empty words to him. like them without the symbol sofa. vladimir putin is calling the move necessary an urgent saying the west crossed
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a line by providing sophisticated weapons to ukraine. he insisted they are aimed at weakening, dividing, and eventually destroying russia. hurt, you know, i'd like to remind you that our country also has various weapons of destruction and in certain aspects, even more modern weapons. the nato countries, if, as a threat to the territorial integrity of our country, in order to protect russia and out people, we will certainly use all the means at our disposal. this is not a bluff national. if that is a disease. if the new balloon wouldn't stop short of declaring a full national draft reactions and moscow varied among the young and the old financials. my pride says yes, go to war. but common sense tells me that i can die there with me. i have family relatives and friends of them, i'm in doubt. and i can't say for sure. subordinate borderline amongst visitor, but is going to be there because i think the president has taken the decision
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taking into account the situation. he believes it's necessary and we're in a situation where we can't comment on what he has said. the president said eskimiya and that's it. those poems guzzle. business both of us both. okay. it also led to swift condemnation by the international community i'm shimmer, or this is another terrible and wrong stuff by russia, indian, which we will, of course us us politically brought in and discuss on how to respond to it. been froze, in any case for me and the german government, and it's clear that we will continue to fully support ukraine during this difficult time. meanwhile, moscow, back separatist and eastern ukraine announced plans to hold referendums to joined russia, even as ukrainian forces retake huge sweets of territory in the countries northeast . and to discuss today's developments, let's bring an address raj as the german council on foreign relations. welcome, mr. raj. this is the only the 3rd official mobilization in russian history. what do
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you make of the move? well, this move, going to do, to major change in how russia has been aging this war before to mobilize asian from russia perspective, mostly such russia, person i was fighting in ukraine who chose to do so. professional soldiers contracted soldier mercenaries, and voluntarily based a bodily mobilized editorial units. however, now or from, i want to mobilize asian large segment of the russian society get directly affected, basically by force, by question. so from now one about the situation in the war for every direction, the number, anything but something we just state, pushes him to do. so this is a major change for the rational side. yeah. and it brings the war a lot closer to home for the russian population, doesn't it? this is not going down. well, we've seen protests already to day people scrambling to leave the country. why
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would put in brisk this kind of backlash more broadly, the russian leadership calculate the best died down quite quickly or if not, they could be depressed. and any base we are talking about the counter 140000000. a few thousands are protesting in a few cities and hundreds of these few protesters are getting arrested. so probably the, the criminal calculate that it can be repressed or at least manage the disparate inspection of the society or the organization can go on. it's no secret though, that the russian army is already struggling to equip the troops it has in ukraine at the moment. does it even have the resources to train incorporate, dress and arm 300000 more soldiers? this is one of the largest question marks about the whole mobilization. and it's not only about calling in demand. just as you said, you have to train them, you have to equipment and then you have to transport them to the front line the
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most and bought them both of micro forties is actually the training because the professional and contract soldiers who train these new to coming to the risk, actually either fighting in ukraine or already wounded and dead. so it's going to be question mark with russia to be able to provide these rigorous distribution training. and if not, i'm quite afraid that freshly mobilized russia man. this be sent to the phone plan with improper training, meaning that heavy losses are likely to care about them. so you don't believe this will be a game changer. actually, what i believe is the by putting more additional $300000.00 soldiers on the online . but reservists improperly trained, improper crypt, if you are not to be a game changer, if you're just be more of the same, a lot more of the same. however, at the very thinly veiled nuclear thread, he aimed at the west and his address earlier today. how concerned should we be about that? i wouldn't be too much concerned about this,
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this nuclear nuclear threat in terms of content. it did not really differ from the previous nuclear sample rattling the russia leadership has done a few a few times already. it going to get to bit of a change. i don't know, because ever since the beginning of the summer, russia has not mentioned supposed to be using nuclear and nuclear weapons. so in basically kind of a 3 month period of a lot of silence about nuclear balance. now and again came up again. this narrative . however, the good news is that there are, there are no signs that the russia actually mobilize its nuclear forces under the german council on foreign relations. thank you so much. thank you. or use presidential biden has delivered a hard hitting condemnation of russia's escalation of the war of the united nations in new york by named his criticism squarely ad lottery putin. he accused the russian leader of making irresponsible threats,
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saying nuclear wars cannot be won by any party. and he said russia shamelessly violated the un charter by attacking ukraine. let us speak plainly. a permanent member of the united nations security council invaded its neighbour, attempted to erase the sovereign state from the map. russia has shamelessly violated the court tenants of the united nations charter. no more important than the clear prohibition against countries taking the territory of their neighbor by force and dw corresponding michel electric. that is in new york for mckayla clear methods there from biden. and not the only one he had forbidden. yes, he was quite clear and adamant that the united states and he actually spoke for the world community. speaking of the vast majority of you and countries and would stand
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in for those territorial boundaries, not to be pushed, not to be changed by force by russia. also he said that a nuclear war cannot be won and should not be forward. it must not be forward. it was a clear signal, not just to russia, but also to china. him he basically warned against that nuclear arsenal build up there, but also towards north korea. and iran, and he said that he would make sure the united states would, might make sure that iran does not acquire nuclear weapons. so we already seen some very clear rhetoric there from the u. s. president, along with the message that he is very much at pains to get across particularly at to poor countries, a suffering from food taught. it is right now that the sanctions imposed on russia do not stretch towards the export of food or of fertilizers. that russert solely is to blame for food torches around the world of russia who was trying to choose
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both the west of threatening russia with its nuclear arsenal. and also trying to blame the west that it's western sanctions that are leading to these food choices. so what we're thing in the building behind me at this un general assembly is also to fight for the hearts and minds of the world community. and they actually sent a clear message with more than a 100 at voting in favor of loaded me as a lensky, being allowed to speak here today. that is a huge exception and a clear signal that russia is becoming more and more isolated on this very issue. the de leon, corresponding mckayla, could that the united nations in new york. thank you. well in his speech by now, so highlighted him, and i just pointed out the consequences of the war in ukraine for the world's food supply to talk about that i'm now joined by or if hussein he's the chief economist for the world food program. welcome good to see you. how much is russia's war against ukraine affecting global food security? i would say
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a lot of this is crisis upon crisis. and what makes it really worse is that even before the war in your graham came food security wasn't about still looking at food prices. they were at a 10 year high fuel prices. there were 7 years. and then came the war in ukraine, which was essentially putting more fuel on a fire, which was already hot. now, right now, in terms of people, we have 345000000 people in 82 countries who are in crisis or worse for security situation. just to compare them before over that number was 135000000. and you know, what's worse, that out of these 345000000 people, there are 50000000 who are in hunger emergencies. meaning one step away from famine
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. the un broker deal to get grain supplies out of ukraine, despite russia blockading the countries coast is out working as intended. it was seen as such. a breakthrough? yes, i mean i have to say, i mean it is, it is gradually picking up steam. it has been now about 6 weeks old, more than basically 3500000 tons of, of food commodities have come out. but remember, it is only a $120.00 day agreement of which almost half is already gone. so it is important that this agreement continues and it is also important that food goes not only to the rich countries but also to the poor countries through commercial channels, wi fi by itself, via prime. we are hoping that we will be able to get at least one ship or week out of this area to different places. we already have it ship go out to haiti. we have had a ship go to yemen. we have other ship gore garrison. so all in all this is working,
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but it needs to go further on scale. and if we are able to do that, and if you are able to push fertilizer out as well, maybe what we can do is that today is what i call affordability crisis. does not turn into a availability crisis come next year. we only have about a minute, but i do want to ask you that. what would you say are the 3 most important steps that could be taken to improve global security? first and foremost, we need to save lives right now we're, we're seeing in the horn. it is unacceptable, especially in the somali region, somalia is here in kenya. i just came back from there. the situation is, is, is terrible. we are literally a step of what you know ahead of famine, governments are donating generously and that needs to continue because we are not
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in many countries, education is still a privilege. tardy is one of the main causes some young children work in mind. jobs instead of going to class others can attend classes only after they finish working with millions of children, all over the world can't go to school with them. we ask why? because education makes the world more just make up your own mind. d. w, made for mines. ah, the federal reserve hikes interest rates again. well, another rise in borrowing costs help bring the highest you asked inflation for 40 years under control will get some expert opinion. and taking matters into her own
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hands, meet the lebanese bank, rather, who took back them any that she says is rightfully has. this is state of the business on robots in berlin. welcome to the program. the feds fight against inflation continues. the u. s. central bank has raised interest rates by 3 quarters of one percent. its 5th rates hike this year. u. s. borrowing costs are now at their highest since the 2008 global financial crisis. the aggressive program of right sites aimed to attain rising prices for everything from food to clothing. the federal reserve decision on wednesday comes with us inflation persisting and over 8 percent. is fed chairman jerome pow overcoming months. we will be looking for compelling evidence that inflation is moving down consistent with inflation returning to 2 percent. we anticipate that ongoing increases in the target range for the federal funds rate will be appropriate. the pace of those increases will
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continue to depend on the incoming data and the evolving outlook for the economy. with today's action, we have raised interest rates by 3 percentage points this year. at some point, as the stance of monetary policy titans further, it will become appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are affecting the economy and inflation. mo, discuss the reaction of corporate america to the federal reserves decision with that correspondence in new york shortly. but 1st, let's get a better understanding of the feds approach. i'm joined by child care in his chief economist at the keenan institute of private enterprise in north carolina. thank you very much for joining us on d to we business. how easy a decision was this for the fact because there's a balancing act to be performed isn't it's great to be here. so i think all of these decisions are really hard for the fed because as you say. ready they're trying to balance fuck fighting inflation and really showing that they're fighting inflation and being very, very,
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indicating and being very vigilant. and they know that this is the key problem and the risk of causing a recession by these rate hikes. the challenge is that monetary policy is a very blunt instrument. basically what they have to do is they're, they're hammering down on demand in order to slow inflation. and part of the problem is that are met. much of the problem is that there are supply challenges or their significant problem of supply challenges of labor shortages. and the fed can't do that, can affect that by raising rates or even cutting rates, what they really need but, but they need to slow demand. and so, and they need so inflation, so they have to go with slowing demand and risking or recession and to empower patients to have indicated that moral rights rises on the way. i mean, how high can it go? we're going to keep getting these point 75 percent rises. well, they just, they did a quite an aggressive shift in,
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in their summary of economic projections. the fed puts had the, the members of the f o. m. c. put at a summary projections. and they raised their target, their estimated year and target funds rate by one full percentage point, which basically says they anticipate. another one and a half percentage percent were percentage point rise between now and the end of the year, which means some combination of 75704075 basis points record is a percentage point half a percentage point and our quarter percentage points. so it could be 27517515125. we don't know that there's no specificity that but they, they look like they're going to continue to be quite aggressive. u. s. already entered a technical recession last quarter. is it going to go deeper into recession? is that, is that just a fact? now with the rest of 2022 brief if you can. so, so i'm going to push back
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a bit on mat that while there were 2 negative quarters in g, d, p, the employment data, other economic data, and even the gross domestic income, which is another measure of economic output. we're all positive with employment data be very strong. so i don't think, or i strongly feel we were not in recession in the 1st half of the year. and the data that we have suggest that we are not in a recession in the, in the 3rd quarter, and based on the economic fundamentals that we have. i don't think that, that we're going to be there in the next quarter in the 4th quarter. the one that we're about to begin going into 2023 i think is really where the danger of the fed lurks. and i think if given all the positive fundamentals, if there is a recession and i put it at about a 5050 chance, which is a very high probability that will be at the end of 2023 and early 2024. i can tell kind from the candidates to a private enterprise. thank you so much for reactance about that decision for us.
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thank you. let's actually turn to our financial correspondent in new york. he ends quarter for even more on this a yes. yes, businesses had been expecting this rates rise, things fair to say, what is actually mean for them? i mean jerome pol made it to a pretty clear. he said there's no way of wishing away inflation and it's never painless to fight inflation. i mean, what the federal reserve is doing here or was making money more expensive is sir to actually push the companies to spend less so. so that's a direct effect there. does serve interest rate increases that are having on us businesses and then also the higher the rates in the united states. you also saw this sir, push for the us dollar in comparison to a whole basket of other currency as meaning when you're in u. s. sam exporter, i mean that's going to hurt your profit. been your bring your money back home from overseas. the behavior is
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a fair to offer new sets. the tone for other central banks doesn't have several businesses outside of the state. so, so be taking note of today's decision. yeah, clearly i mean, you will see that quite often that when something had been sent disconnected at spades and specially walter was the federal reserve firm other a central bank so follows you would actually, i believe this week load, we have about 12 to 13, a central banks around the globe who are toying with some increasing and their rates into a certain sense. i mean they, they have to because the wider the gap between rates in the united states and somewhere else and a planet. i mean, that pushes earl or ports a lot of capital into the u. s. a. system and other countries, one, bed capital 2. and then also when we talk about term bit higher rates in the u. s. and the effect that that has on the dollar that clearly is also affecting our business. so somewhere else around the globe,
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maybe one little positive effect that those rate increases. might have you see that quite off the higher dollar as the more or, or the, the, the bigger the drop in commodity prices. so that actually could be as smart as not positive of what we're seeing right now. and the dollar went to its highest rate for 20 years against the or i didn't after this. so thank against culture in new york for us. now let's take a look at some of the other global business stories making the news as well. apple could be making one of 4. i phones in india by 2025 according to j. p. morgan attack giant is moving some production out of china, mid mounting geopolitical tensions and strict coded locked downs. apple is expected to move about 5 percent of iphone 14 production from late 2022 to india. hong kong has lost his position as the global aviation hub due to china's 0 cove. it policy that's according to the head of the airline st. iota. the group warranty
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industry industries pandemic recovery would be slowed if paging kept up, the policy that germany is largest gas in bought a uniform has been nationalized. the german government announced the measure on wednesday to prevent the company going bankrupt. unit per, has been caught up in the ongoing energy crisis after russia stopped almost all natural gas flows to germany and was widely seen as retaliation for sanctions over the war. and ukraine with no cheap russian import, juniper has had to buy gas elsewhere, much higher prices. german government, now how it's 98.5 percent of unit stock, though, after buying out finish energy firm for t. m. is unit for c. o, who welcomed berlin's decision? obama, we have always pointed this out in our company had gone the bank roma. it would certainly have triggered a chain reaction and the german gas appliance on probably all the way to the german
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electricity supply, or even beyond germany's borders. and in this respect, i think everyone was in agreement that such a chain reaction must be prevented. and that's what's happening now with this stabilisation package and stop. now, lebanon's banks are expected to be closed indefinitely following a series of armed robberies. lebanese savers, frustrated by their country's economic implosion, have been taking matters into their own hands and all inspired by one woman. this is the moment a woman holds up a bank in beirut, a weapon she's holding is a toy gun. and the $13000.00 euro she runs out with she believes is rightfully hers. the funds will be used to pay for cancer related treatment for her sister. until this moment, she hadn't been able to access the money. watha don't think that senior authority, figures and lebanon do not have interest with the banks. they're all in cahoots to
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steal from us and leave us to go hungry and die slowly sway his wife in the country were thousands of people have been locked out of their savings. the 28 year old interior designer is being hailed as a hero for taking hers back since of fees as bold act $7.00 others have held up banks to access their own money. 3 years ago banks and lebanon, imposed controls at froze a savings account of ordinary individuals. over night, they claimed it would help easy economic crisis, but with people unable to access their money, things have gotten worse. depositors say that bank owners are lending their money to the government in return for high interest payments. the, obviously a few mishma. what is happening is unacceptable. and the most responsible party is the lebanese state, but is still dealing with this issue in a wrong way. everybody overload the world bank has called a crisis, a deliberate depression orchestrated by the countries elite. the government says it is working to secure a 3000000000 euro bailout from the i m f. meanwhile,
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ha fees and her sister will now be able to pay for her sister's treatment. i just thought for mind as the top business story with following for you this hour, the u. s. federal reserve has raised interest rates by 3 quarters of one percent. it's the 5th increased by the central bank this year as it tries to bring the worst inflation in for decades under control. that's all from me on the business team here in berlin for more to head over to our website. either way, dot com slash business, or of course the d. w, use youtube channel, and you can fire on facebook as well as d to wait till next time i get into the conflict zone with sebastian a year of taliban rule in afghanistan and the country. he is only need you expert to highlight to the extra judicial killing, staggering repression. women, when you go,
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my guess is week is have enough in all my minister in the last afghan government swept to side by the taliban. but she feel country was betrayed by the way, complete zone. next on d. w. o . is the end of the pandemic in site. we show what it could look like will return in the normal and we visit those who are finding it difficult. with success in our weekly coping 19 special every thursday con d w. sometimes
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a seed is all you need to allow big ideas to grow. we're bringing environmental conservation to life learning like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for, for nico is in germany to learn german lloyd to pinnacle, why not learn with him. t w's e learning course, eco's fake. a year of taliban rule in afghanistan and the country is on its knees. un experts have highlighted extrajudicial killings, kidnapping and staggering repression of women and girls. all this and the fastest meltdown of a country's economy in modern times,
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