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tv   Business - News  Deutsche Welle  October 8, 2022 5:15am-5:31am CEST

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our produce 5 winners. oh, wow. well, be watching that very soon. that's all for us. for now though rob watts will be here after the break with d. w business. he's got more on europe's latest sanctions against russia. so stay tuned for that. we'll have more for you at the top of the hour. yes. with me, william. good croft and all of us here in berlin. thanks very much for watching with imagine how many pollution thrown out in the world. climate change very hard to store. this is my plastic way from just one week. how much was going to really get we still have time to act. i'm going
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with, we're all set to go beyond the obvious citizenship and we're all in. as we take on the way, we're all about the stories that matter to you in whatever it takes, policemen follow with w. fire made for mines. a common ground previous hard to come by for the you european laid is, are struggling to agree on how to tackle the continents energy crisis will look at where the risks slide the u. s. i did yet more jobs in september,
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but fewer than the previous month. so we'll ask if the employment market is pulling our off to mexico, where drug cartels are fighting for control of the food. supply chain is the 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 set to be harder affected 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 out strips other large european economies and critics say will to store the eas, internal energy market. so how is germany justifying its position at coast?
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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 you mechanism if you will. that demi 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. u. s. 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,
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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 ahead of november's mid term elections. let's get more on this from our corresponded to the new york stock exchange teddy australia. teddy is 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 mark 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, 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 he said we'd 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. 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
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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 largest crypto currency exchange by not says a recent hack has 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 in 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
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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, go 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 the small 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 it's 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
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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. 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 came out and just put on the killing of the chicken sellers known here as pianos, stems from the cartels 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,
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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 sellers here say that the last flacco is cartel has also infiltrated to tomato market and raised prices. in walla, another municipality, and get at 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,
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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 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,
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but it's still very valuable to us and we don't want it to get lost madman, cuba, lebanon, and see her though it's lost, it's monetary worth. some are still trying to preserve it's sentimental value. hey, did they become so much? didn't you like it? it's $25.00 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 does she feel 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.
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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 see how the pound once was at noted the only issue for the kids that i'm looking for. 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 and detect victims more quickly. that's because is mounted with thermal cameras, radar and census the helmet is the 1st product designed as a new 25000000 euro state of the art facility. in scotland. a reminder,
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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 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 . that's all until next time. ah, they're always with us. everywhere we go. our smartphone. but for how much longer technology experts say the air elder limby over.
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but what come with a look at life after the smartphone to borrow today on d, w. this 10 story pyramid made of a 100 people is a candle and tradition known as a castell. what appears to be a breath taking climbing exercise. actually, it hears to a precise plan that his cells world championships, interrogation, not for the faint of heart with
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light and the pillar of sticks and society. taxes the right to live in texas and the obligation to pay them both inherent in the sovereignty of relation 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 i world is becoming increasingly digitalized. smartphones are most common connection to this new way of life. but the technology used to communicate with people and objects is getting more and more sophisticated with a small.

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