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tv   Business - News  Deutsche Welle  October 7, 2022 6:45pm-7:01pm CEST

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and go to mexico, where drug cartels are fighting for control of the food business and its distribution chain. i'm for cobra. welcome to the program. european leaders have come together in the check capital, prague for the inaugural european political community forum, a meeting where each member states, turkey, britain and other countries have come together to discuss how they can boost to security and economic prosperity. today, the 27 e leaders and attendance are gathering separately for an informal you council meeting. a key topic on the agenda is how to deal with the current energy crisis. several countries have enacted relief packages to help ease the burden on taxpayers . now these packages varian cost. let's take a look at some of them. now spain's relief package will cost 27000000000 euros francis package. $45000000000.00 euros, and italy will hand out
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a total amount of $50000000000.00 euros. germany's package will cost more than the previous $3.00 combined. the reef package will cost taxpayers 200000000000 euros. it does include a one time payment of $300.00 euros and a cap on gas prices for consumers and businesses. well, for more that's bring in our correspondent, nina asa who has been following the meeting in praga nina. critics say this german aid package would distort the e u market. is that the overwhelming opinion among leaders in prague as well? i know it's not. i mean, this criticism is definitely being voiced here in prague, especially from eastern european countries. the polish prime minister, for example, said that it was unfair, and that the air, germany can't dictate energy policy either. so he's having a good go at had germany at the moment. but them, other than that,
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germany argues that other countries are doing similar things as well. austria is on its 3rd financial aid package and you have to keep in mind that of course, those up to 200000000000 euros. they are going to be spent over a period of 3 years. and you rules do allow these things to happen because there is no e u mechanism if you will. the gemini is not acting against the roles, but nevertheless, of course, germany is a very big player. it is the euro zones, most important country, and most important economy. so anything that germany does economically when it comes to financial aid in particular, of course, is being watched very closely. and there is a chance that a e countries are taking a possibly dangerous q were from germany, because financial experts are warning that this debt funded aid package could open the door for less fiscally prudent countries to want to borrow large amounts of money. and then potentially leading to trouble like we've seen in the u. k. well,
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of course, every european country at the moment is dealing with a full out from the pandemic, with all the consequences of the lack of energy supplies on the world market and rising energy prices as a consequence. and so, of course, everybody is concerned about an angry citizens as well. we don't know how to pay their gas bills or their energy bills. and so people are looking into options of how to get prices down, how to increase of the supply of energy, et cetera. and then you have to also look at how companies are being affected. so that german financial aid package, for example, that doesn't just target consumers. it also targets small and medium sized businesses because of course there is a big fear that them at the moment the crisis is so big that some companies might just not survive because of those high energy prices. but then your officials argue we do have
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a fund that's already available and where the full potential hasn't been tapped yet . that is the fund that was created last year up to 750000000000 euros worth of money was being put into that fund by angler macro. the den chancellor and the french president in monroe. my call and that potential there are still a 100 or a billions of euros that are still available. so no need to take extra loans. nina, briefly, if you, if you could wise germany supporting a gas price cap on a domestic level, but is opposing it on a new level while germany is very concerned about energy security. and it argues that so far it hasn't been presented with a model whereby european european countries would manage to bring gas prices down without the suppliers of gas, not turning away to other buyers that pay
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a higher price. so that is the big topic that is on the agenda here today. how do you get energy prices down? how can europe in countries why together as a buyer on the international market, so that price is eventually come down a little bit? how do you cooperate also with countries like japan and korea that are facing similar problems also with high energy prices and that is definitely being discussed. very controversial. i wouldn't say that germany is completely against it, but it hasn't seen a convincing model yet. d, w. 's nina has in prague. nina, thank and now to some of the other global business stories making news. pepsi has ordered 100 electric commercial trucks from tesla. the vehicles are advertised with a range of 800 kilometers delivery of the 1st one is expected in december. according to tesla. shares of us, canada growers and sellers surged after us. president biden, pardon thousands of simple possession and asked states to follow suit
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a chose greater exception of the drug, which is already legal in parts of the united states and better business opportunities for related products. samsung is warning of a 32 percent lied and profits as demand for electronic devices and memory chips shrinking. the same situation for us to ship maker am deep also warned of a profit drivers. people cut back on purchasing as the cost of living, right. a french court has knocked more than 700000000 euros of a fine imposed on apple after a lost and anti trust case. in 2020, the initial find was the record one point. $1000000000.00 euros tech giant says it plans to appeal having to pay the remaining $370000000.00 euro. good g. fendy. louis the tall luxury is a world of its own. and one that's usually crisis proof. the richest of the rich keep spending even when times are tough for everybody else but not in china right
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now. the economic crisis there is changing shopping behavior, even among the most high brow of the korean tell sheet metal shelving products scattered across a simple table. this is a 2nd hand store, but not like the one in your neighborhood where you can buy worn out suits from 10 years ago. no. here at there's the shelves are stacked with the most expensive names and fashion designer brands like lever tall and amiss, and fendy. shoppers here, look for expensive stuff on the cheap shopping. we don't see that i'm a corporate slave. i have to definitely spend last this year, but i still like what i like and i can't help myself because i need to buy it. so i think this kind of 2nd hand shopping is particularly good, mainly because there lot of products here. and if i like an item like i would just get it straight away, he will not give you despite at global economic slowdown,
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devastating coverage shut downs and uncertainty about the near future. some still need an expensive look, even if they can't pay full price anymore. others, of course, are scaling down. who needs good? she? when is stuck at home? to the far one, do you want me to go home yellow? sure. she economic slowdown has had some positive effects on our industry, especially on the con, signer side. when the economy slowed down, they were thinking maybe why not sell the luxury goods that are sitting idle at home, boy, sound archway? why not? what about i this in should educate luxury that goods notch way to show my and so sir has become a marketplace for those who need to sell their wants expensive accessories to get some much needed cash. and those who still need the luxury fixed but can't quite afford what they used to pay china. $74000000000.00 luxury good sector is changing
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. analysts expect the 2nd hand luxury market to put drupal by 2025, growing to $30000000000.00. between june and august, 11 people working in chicken farming or selling the meat were killed in chill con single. the capital of the mexican state of guerrero. cartels are fighting for control of the food business and its distribution janes, the cartels intimidate or kill those who don't comply with their terms. this i'll, in the central market in chile been single, was the site of the murder of a poultry trader in early june. 3 days later, another person was killed a week after that gunman shot dead 5 farmer cars and a child. the violence triggered a 2 week closure of all chicken stores in the city. prices also rose sharply.
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is as yet if we were gay, we had to close at because the price of chicken was so high that we couldn't sell it any more when no thought they offered it to us at a very high price enrollment. and we decided not to open because there was no profit for us any more in this email that i am of any were in louisiana. but i looked up the killing of the chicken sellers, known here as poor arrows, stems from the cartel, struggle to control the city and its economic resources. and that leads to price increases. the president of the local chamber of commerce is one of the few who dares to address the violence. 8 years ago he was the victim of an attack. dozens of shots were fired at his car, killing his daughter in law. abby: when there was a dispute between criminal groups, they have a monopoly on the distribution of chicken beef and pork. they like out of the play are the ones who distribute these products exclusively. 8 years is this group.
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the sellers here say that the last flacco is cartel has also infiltrated to tomato market and raised prices. in walla, another municipality, and good at a separate armed group has decreased the price of corn tortillas, reportedly to support families. the cartels fragmentation has led to a diversification to be legal activities and an expansion into food production and sales. they have killed 11 people over chicken meat. apart from the fact that they were very expensive. you couldn't get chickens here because of what was happening. there was just no chicken available plays here, for example, we used to get one chicken breast for 90 pesos, and now it costs a 110. i'm thinking muffins, dental, the if the cartels are clearly moving beyond drugs and moving into daily mexican life. and finally, some positive news. new head gear,
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powered by artificial intelligence, is helping firefighters that are navigate, smoke filled fire seats. the smart helmet allows them to essentially see through smoke and detect victims more quickly. that is because it's mounted with thermal cameras, radar and sensors. the helmet is the 1st project designed at a new 25000000 euros state of the art facility in scotland. and that social thanks for watching with ah, with
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ah this is the w news live from berlin, you leaders call on russia to stop making threats to use nuclear weapons. the demand was issued following a summit in prague. the formalized a fresh round of sanctions against russia for its war of aggression in ukraine.

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