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tv   Business - News  Deutsche Welle  October 8, 2022 3:15am-3:30am CEST

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just as the game headed for a draw referee awarded a controversial penalty. 3 minutes from time bonus league, a top scar nicholas folk cook stepped up to give brandon the way they moved above health and i'm into 4th place. it's all for now. what morphia top of the hour, extra with people in trucks injured when trying to free the city center. more and more refugees are being turned away, order families to these credit owners, we loaded demonstrate people's lean, extreme drought, ross getting 200 people around the world. more than 300000000 people are seeking refuge. yes.
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why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, common ground crews, hard to come by for the you. european leaders are struggling to agree on how to tackle the continent energy crisis. we'll look at where the riffs lie. us added yet more jobs in september, but fewer than the previous 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. this is day
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to be a business on robots in berlin. welcome to the program. this unity in the european union, e. u. member states are struggling to fund agreements on how to face the blocks energy supply problems. leaders of the 27 nations happen 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 of the states set to be harder effected than others. another bone of contention is germany is planned to spend $200000000000.00 euros on keeping gas prices down. it's a, some that far outstrips other large european economies. and critics say we're to store the internal energy market. so how is germany justifying its position now? correspond, 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,
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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 very big played 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 near us employment growth appears to be slowing new figures show the economy added 263000 jobs in september. that was down on $315000.00 in the previous month, but slightly above analyst expectations. the nevertheless strong figure will do nothing to ease investors worries about another potential interest rates hike from the federal reserve. next month, president biden welcomed the continued jobs growth, which comes just to heard of november's mid term elections. has come on this from
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our correspondent, are the new york stock exchange tele austro teddy. is it generally accepted that the year as 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, especially in the tech sector. now that doesn't mean that in the next several months, we won't see a mark shift in the labor market. of course, this is the entire point of the federal reserves interest rate hikes magnitude in
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$60000.00 jobs out as, as you know, it's still still a strong figure, isn't it? so, and does this make a fed rates rise, or the more likely i would certainly say so this is not the kind of report that the fed would like to see. i would say this is, this is likely going to solidify a 50 basis point hike a $75.00 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. i raise unemployment push wages down in order to tame inflation. it should be said though, that there are still economists who believe this is primarily a supply side crisis. and we don't need to throw people out of work in order to bring inflation down. there are other meats i, katie, australia 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
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largest crypto currency exchange by not says a recent hack is costed 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. are nearly 300000 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 is shrinking. it's the same situation for us chip, make it a and d, which also one of a profit drop as people come back on purchases as the cost of living rises. and google is releasing its 1st smartwatch,
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go to 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 though. market right now between june and august, 11th, people working in poultry supply chains in the mexican state are 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, 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.
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is it the report? okay, 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 will be out just for 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 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 these,
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we sellers here say that the last clack was 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 of illegal 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. hm. now it costs a $110.00 or $1130.00 a month in general. the in the cartels are clearly moving beyond drugs and moving into daily mexican life. now lebanon is in the grip of
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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 of little use. but one jeweler has found a creative way to increase their worth bracelets, necklaces, earrings, all made out of money. this coin is now worth more as a raw material than it is as legal tender currency. that's because the value of lebanon's pound has depreciated 95 percent since the start of the countries financial meltdown. 3 years ago. i thought we can't buy anything with it any more, but it's still very valuable to us and we don't want it to get lost mud man could. but rather than and see how though it's lost, it's monetary worth. some are still trying to preserve it's sentimental value.
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hey, did it become so much? didn't he that get his $25.00, a lebanese pound bank now used to be the price of a house. this is how my parents bought their house. but it's sad when we used 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. this was when it was thought when bill shaping hung of he. l. sama now purchases the coin by the key, low. the $250.00 and the $500.00 pound coins were once worth the quarter. and a 3rd of one us dollar. now they amount to less than point 01 of one us cent. they're worth so little that even grocery stores have stopped using them. this really loud concerning the metal coins. it's been 5 to 6 months since we stopped using them. but we're keeping the ones we have, but we have a quantity of them that we are keeping for our children and our grandchildren to
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see how the pound once was at noted the only issue for the kids that i'm 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 headgear powered by artificial intelligence is helping fire fighters. better navigate, smoke filled fire scenes. the smart helmet allows them to essentially see through smoke and detect victims more quickly. that's because is mounted with thermal cameras, radar and census the helmet is the 1st project designed at a new 25000000 euro state of the art facility. in scotland. a reminder, the top business story we're following for you this hour. 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 they'll short of a deal on
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a proposed cap on natural gas prices, 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 channel where we just posted a new d w business special about energy security in europe as well with the watch for me at all until next time to the point. strong opinions, clear positions, international perspectives. protests in iran or gaining momentum led initially by women and girls, crime women, life liberty. they are now drawing thousands on to the streets. iran rises up, can be toppled, find out on to the to the point with
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freedom on the road, with caravans along the ancient trade. we discover a country between prefabricated buildings and 1001 night between nomadic traditions and modern nice style, oop, discover because tom travelling the silk road by train in 45 minutes on d. w. ah and has been sent and i have been beaten. i have been sick, a rated because we tried to to show dory of face mafia all over the world. environmentalists are in danger. the enemy, ruthless corporations corrupted government agencies and criminal cartels
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with a single design and it targeted environmentalists in danger starts october 29th on d. w. it fits with protests in iran or gaining momentum lead initially by women and girls crying women life liberty. after the death of a young kurdish woman detained for wearing her head scarf inappropriately. the uprising is now drawing thousands of others under the streets.

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