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tv   Business - News  Deutsche Welle  October 7, 2022 11:15pm-11:30pm CEST

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here, what's the flyer states to help avoid europe looming energy crisis? this winter of shots was speaking at an informal use summit in proc say with us now after a quick break, rob watts will be here with the latest in business news and a look at the economics side of that. a leaders meeting and prod. nicole from the kin, berlin for me, and the entire team. thank you so much for your company today with she's up to date. don't miss our highlights. the d w program online. d, w dot com highlights in many countries, education is still
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a privilege. hummadi 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. we ask why? because education makes the world more just i make up your own mind. d. w. made for minds. oh, oh, common ground proves hard to come by for the you. european leaders are struggling to agree on how to tackle other continents energy crisis will look at where the riffs lie. the u. s. i did yet more jobs in september fewer than the previous
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month. so we'll ask if the employment market is cooling our off to mexico, where drug cartels are fighting for control of the food supply chain as a state of your business on robots in berlin. welcome to the program. this unity in the european union, e. u. member states are struggling to find agreement on how to face the blocks energy supply problems. leaders of the 27 nations happened meeting in prague on the fringes of the 1st gathering of the new european political community. on the agenda was a proposed natural gas price cap, but no deal could be reached with some member states said to be harder affected than others. another bone of contention is germany's plan to spend $200000000000.00 euros on keeping gas prices down. it's a some that far out strips other large european economies. and critics say we're to store the eas, internal energy market. so how is germany justifying its position?
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now? course one at nina hasa is with the delegation in prague. germany argues that other countries are doing similar things as well. austria is on its 3rd financial aid package. and a, 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. so 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 us employment growth appears to be slowing new figures show the economy added $263000.00 jobs in september. that was down on $315000.00 in the previous month, but slightly above analyst expectations. the nevertheless strong figure will do
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nothing to ease. invest is worries about another potential interest rates hike from the federal reserve. next month, president biden welcomed the continued jobs growth, which comes just ahead of november's mid term elections. let's get more on this from our corresponded to the new york stock exchange, teddy austro teddy. is it generally accepted that the u. s. jobs market is cooling now? i don't know if it's so completely generally accepted quite yet this i wouldn't call this a mark shift for the labor market quite yet. it certainly was a better jobs report than expected. and we're looking at still a better situation than pre pandemic levels. that said, we are certainly seeing some moderation employment gains seem to be decelerating. same with wage gains, vacancies are ticking down. jobless claims are ticking up. and we are starting to see the anecdotal evidence, of course, of layoffs,
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especially in the tech sector. now that doesn't mean that in the next several months, we won't see a marked shift in the labor market. of course, this is the entire point of the federal reserves interest rate hikes magnitude in $60000.00 jobs out as, as you know, it's still still a strong figure, isn't it? so does this make effect rate wise, or the more likely i would certainly say, so this is not the kind of report that he said would like to see, i would say this is, this is likely going to solidify a 50 basis point. pike, a 75 basis point hike. wall street certainly think so. that's why we've seen the declines across the indexes today, wiping out many of the gains we saw this week. the entire philosophy right is to strike a demand. res unemployment push wages down in order to tame inflation. it should be said though that there are still economists to believe this is primarily a supply side crisis. and we don't need to throw people out of work in order to
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bring inflation down. there are other meats i, katie oscar in new york forest. thank you very much for the update. now let's take a look at some of the other global business stories making the news. the world's largest crypto currency exchange by not says a recent hack is cost it upwards of a $100000000.00. but it seo has reassured customers that their funds are safe. finance is just the latest crypto company that has fallen victim to hacking firms. no mad and harmony were also attacked, resulting in a combined loss of $300000000.00. toyota says hackers are responsible for stealing the personal data or nearly $300000.00 of its customers. it's not the 1st time the japanese comic. it was also hacked in 2019 and earlier this year the company froze production after some of its suppliers fell victim to a cyber attack. samsung is warning of a 32 percent slide in its profits is demand for electronic devices and memory chips
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is shrinking. it's the same situation for us, chip may get a and d, which also one of a profit drop as people come back on purchases. as the cost of living rises in google is releasing its 1st smartwatch called the pixel wash. the risk piece incorporates health tracking features from fit beds, which google board for over $2000000000.00 in 2019 tech giant hopes, this new product and it's updated pixel phone will win it a bigger share of this month. a market right now between june and august, 11th people working in poultry supply chains in the mexican state of guerrero, were murdered. cartels are fighting to control the food business and its distribution chains. and they've shown that they're willing to kill, to get their way this. i'll in the central market in chile pan single was the sight of the murder of a poultry trader in early june. 3 days later,
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another person was killed a week after that gunman shot dead 5 farm workers and a child. the violence triggered a 2 week closure of old chicken stores in the city. prices also rose sharply in the area where we had to close because the price of chicken was so high that we couldn't sell it anymore. they offered it to us at a very high price, and we decided not to open because there was no profit for us anyway. yeah, nobody knows what the killing of the chicken sellers known here as pianos stems from the cartels struggle to control the city. and it's 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 abbey. when there was
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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. acres is the sellers here say that the last flacco is cartel has also infiltrated to tomato market and raised prices. in walla, another municipality, and get 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 place here, for example,
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we used to get one chicken breast for 90 pesos. hm. now it costs a 110 or 1130 a month in general, the air, the cartels, are clearly moving beyond drugs and moving into daily mexican life. now lebanon is in the grip of a deep economic crisis brought on by decades of financial mismanagement and misfortune. the lebanese currency has lost so much of his value that millions of coins are suddenly as little years. but one jeweler has found a creative way to increase their worth. bracelets. necklace is earrings all may to say during the times of our parents now within a year, a year and a half or 2 years, we lost a huge amount of the financial value. so i wanted to support it to make it into an accessory, to where it and just to stay proud of it. it's why wouldn't it be thought when does she feel hung of he? hell, some odd now purchases the coin by the key low. the 250 and 1100 pound coins were
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once worth the quarter. and a 3rd of one us dollar. now they amount to less than point 01 of one us sent their worth so little that even grocery stores have stopped using them. this re la la, concerning the metal coins. it's been 5 to 6 months since we stopped using them. but we're keeping the ones we have what we have a quantity of them that we are keeping for our children and our grandchildren to see how the pound once walls at the little me shuffle could get that. i'm live between lebanon's crisis shows no sign of abating, but it citizens are determined to preserve their pride in the pound. and to scotland now where new head gear, powered by artificial intelligence, is helping fire fighters, better navigate, smoke filled fire scenes. the smart helmet allows them to essentially see through smoke can detect victims more quickly. that's because it's mounted with thermal
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cameras. radar and census the helmet is the 1st project designed as a new 25000000 euro state of the art facility in scotland. a reminder, the top business story we're following for you, this alpha he, you ladies have failed to reach agreements on various issues regarding energy security leaders of the 27 nations have been meeting in prague on the fringes of the 1st gathering of the new european political community that fell short of a deal on a proposed cap on natural gas price. that's all for me in the business team here in berlin for more had over to our website need to we dot com slash business and also the d. w. news, youtube, china, where we've just posted a new d w business special about energy security in europe as well with a watch for me at all until next time.
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making the black sand. what's behind van d. w. news africa. the show that was the issues in the continent. life is slowly getting back to normal. yeah. well the streets to give you enough reports on the inside our correspond that was on the ground reporting from across the continent and all the trend stuff. my talk to you next on d, w eco, india. then only a popular delicacy. they also play a key when he co system, the cucumber in the roman, not up for our district. more and more poachers are going after them, forced rage, officers are doing their best to protect eco india. in 60 minutes on d, w. o.
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a and the pillar of sticks and society taxes the right to live in texas and the obligation to pay them both and parents in the sovereignty of nation states and their citizens. but what happens when the power of taxation is undermined? can't pay, won't pay. taxation and politics starts october 21st on d w this is e w. news africa coming up on the 5 years into the insurgency in mozambique and
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with international troops deployed. is there an end in sight? a thunder space. people return home to rebuild their lives or discuss what's been driving this deadly conflict. also coming up health workers in uganda, raised to contain the spread of an a bowl outbreak. as the deck, toll rises dw reports from the epicenter class. we look at the presidential candidate that's.

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