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tv   Business - News  Deutsche Welle  October 14, 2022 5:15am-5:31am CEST

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the latest news from around the world is when it's push notifications. any breaking news? coming up next, brian and c, e o, michael or larry tells dwy the recession could be a boom for his airline. that's in business advantage. benefits, and i'm told me a lot. well, thanks for watching ah will you become a criminal pre klein, i already know who's with hackers and paralyzing the tire societies. computers that are some are you
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and governments that go crazy for your data. we explain how these technologies work, how they can go, what wilson for, and that's how they can also go terribly. watch it now on youtube. stay up to date. don't miss our highlights. the d w program online. d, w dot com highlights ah, fuel shortages in france after weeks of strike, set refineries demonstrate as want a share of the oil majors bump a profits from surging prices. the government tells the companies to pay up for the country rise to a halt. all streets biggest come back in years,
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stalks rallied light thursday, roaring back from state mourning losses caused by a worse than expected report on inflation. and ryan, a ceo, michael very says the recession could be a boon for discount airlines. as travelers trying to save on flights, we interviewed the chief executive. i've been fizzled and let's do business. industrial action has reduced frances refinery capacity by more than 60 percent. that's left a huge number of petrol stations running dry. and the war counts at energy companies have now spread to nuclear. plants. french utilities are already struggling to get enough. react is back online for winter, mid europe's energy crisis. we sent our reporter to a refinery to find out more looking for more than 3 weeks. these workers have been on strike against exxon mobil. perfect, really good members of the french trade union, cg t as seeking a substantial pay rise and the share of oil thumbs, huge profits,
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but nor agreement with bosses in site. the french government wants to force them back to work, but the strikers have voted to continue their fight. what was the peddler job? is there a camel? we find the government's decision very damaging. it is clearly an attack on our right to strike. and is an attack on our freedom that instead of asking the french all companies to come back to the negotiation table, they've chosen to show their power by requisitioning the employees who are on strike to return to work with ha, or like is issue. the government's decision comes after mess of supply shortages of petrol and gas than he petrol stations in the country have had to close temporarily in all over one thought a struggling to open that pumps. let back to the circle for the impact of the social conflict has become unbearable for too many french people. people can't get to what they can't take that children to school come to their shopping. can't even
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get medical treatment. what has also gone impact on farmers because they have to delay their sewing or harvesting sydney would let it go to the last couple of months. energy giants like to thailand, exxonmobil have made huge profit from the high gas prices. the same time, keep in france a suffering from rising inflation and the cost of living. people here argue they deserve a fair sale. the cape. exxon mobil has up at a 6.5 percent increase in salary for next year, which was accepted by several other workers unions. but the c t union continues to refuse. instead they want to take legal action to be allowed to continue their strike. i forgot to listen to the dish. the national federation of chemical industries will fight this decision in full file, an emergency legal proceeding to morrow morning to denounce this illegal requisition fully. not really good for the workers here. one thing is clear, they will continue their strike until their demands are met and no government order
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will force them to do it any earlier. well, a lot of french citizens are fed up with the deadlock street protests. the plan for sunday and a rail strike has been cold, thinks week long, but you to it's the catastrophe, really a catastrophe. and it's becoming a real problem for everyone. for quotable, who knows when all this will end, i guess we will just have to suffer in silence on that but all push us to so i think it's a shame that we're the ones who have to suffer. what if i lose my contract because of this? i'm all alone with 3 children. if i don't honor my contract, i don't get paid. i must have, i don't think we should block the whole country. am angry at the people who are blocking the country. i think it's good to negotiate and i understand that people on salary increases. wages must be increased, but we can't shut down the country. public it be. it's been a rollercoaster ride on wall street. stocks racked up steep morning losses and
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worse than expected inflation donna for september. then stage their biggest come back in years. the s p 500 jumped 3 percent on thursday afternoon, a stunning reversal after early attaching its lowest level in nearly 2 years. us inflation rose by nearly half a percent last month on hikes in rent and food. city austro is at the new york stock exchange. teddy, the i m f, told us yesterday to expect volatility, but i didn't expect that quickly. there will. this is one of the most dramatic reversals we've seen here on wall street. in years after a nosedive, we saw everything really come back. the dow jones is up to point 8 percent now that initial route was triggered by this red hot inflation report. here in the united states, it does seem like overall equation is the celebrating, however, cor inflation, which excludes food, which excludes energy. it's a 40 year high lead by rents and other services,
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which is quite interesting given that goods really lead inflation this year. now the bounce back, what happened? well, some of it has to do with some technicality. this automated trading was triggered. i'm from the route, but also markets may be saying that, hey, much of the damages already been done. we may have hit the bottom. okay, so what do you reckon? could there be more volatility to come in the next days, weeks, months? i'd say, absolutely. i think it's perhaps time to start predicting unpredictability, especially with this inflation report. we know that the fed is going to continue with the rate hikes, futures market have already price it in. and once we start to see the actual effects of those hikes on the economy, unemployment on investment, it really could create some volatility in the markets. so i think we're going to see more of the same this year, and that is unpredictable. markets taking unpredictability,
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the it. thank you very much. steady the boss of irish low cost carrier ryan air. michael o'leary says financial market term. a good leave british customers with less money to spend on a travel, but he's putting a positive spin on it. he w's bobby sina caught up with the chief executive here in berlin. the u. k is already in a recession and the euro zone overall is looking at a very gloomy economic outlook. is this all putting you in an optimistic or pessimistic mood? hugely optimistic. i mean what we have seen through the last 4 or 5 recession. so it was the gulf war, 911 day financial crisis, 2011. actually more and more people switch to low cost air flying during the recession. so i think one year will grow more strongly if there is a recession, as it looks like in the next couple of years. people will not stop flying. they're just flying the expensive air. airlines like last hands and k 11 air france and
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they're switch increasingly to right here in 2008. you said that you would welcome a recession because it would and i quote, help see off the environmental nonsense. are you looking forward to this session for the same reason? no, i'm looking forward to, you know, be, look forward to recession, but there's no doubt the recessions are good for ryan airs. business, you know, we were investing very heavily at the mall. we're spending about $20000000000.00 on new aircraft to technology so that actually the growth that we deliver, the next 5 years will be on aircraft that carry 4 percent more passive, but burn 16 percent less. you will reduce our noise emissions by 40 percent. so what i've learned in the last 12 or 14 years that we can have growth, but it has to be environmentally friendly growth. and speaking of saving the environment, research shows that decreasing passenger demand is the only way of the carbon izing radiation industry. at the same time reiner opposes any sort of flight tax. how do those 2 things match? first, there's no such research that says will increase whatever his demand reduces in the
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flight shaming. nonsense. there's no evidence actually, air travel continues to grow. people need to fly both for tourism for visit, friends, and family and for work reasons. there is, however, we don't oppose environmental taxes with one airline in europe to actually support environment taxes. we just calling for fair environmental taxes at the moment, all the environmental taxes in europe are lobbed onto the low fair point to point carriers, the most polluting passengers, which is long hold flights to and from europe or transfer flights within your are exempt. so the people who generate the most emissions are exempt from any environmental taxes among the main emitters are frequent flyers, but ryan air poses of frequent flyer levy. who are you protecting here? actually i did the question the presidential wrong. you're the greatest. the majority of a vh emissions in europe paper 54 percent of europe's asian emissions come from 6 percent of the pastors, which is long hold flights. and yet we exempt all the long haul sites,
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the richest people on the planet traveling on long hold flights from china, from russia, for america, europe pay, no environment to texas. that's obscene. and it's wrong. i thought we are calling for is instead of the europeans, paying all of the taxes, the visitors to and from your should pay their fair share. and if they do, we will have a fair environmental system. and you will reduce the most polluting sites, which are the lot, the lot of lights and the transfer traffic. bollywood is facing its worst ever crisis. since coven curbs were lifted, the crowds have failed to show up at cinemas. experts point to streaming services and even non hindi language rivals to explain the drop off. but what exactly is ailing? the multi $1000000000.00 industry isn't so clear. known for its glitz and glamour, drama, and dance. bollywood finds itself in a real life horror story. where once many of india's 1400000000 population would cue for these movies. now there's only a fraction, even stars like
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a chicken mar or army hon fio, to bring in the crowds. back in the day, you had this big star, ah, you know, who could do anything one's cream. and even despite him doing whatever good or bad, whatever it is, he would end up getting a collection of wanted $150.00 course because of a star bullet, or despite the content being where the poor major. but now i think audience is not going for that honeymoon current says the audience has changed their viewing preferences and want more compelling content. others in the industry are baffled. tis the was places it were free. but previously, there is there used to be a flops previously also in so many years. but one or 2 gloves nowadays. a did prov stanton who ups turns out the movies still doing well at the box office are no longer bollywood. but dollywood productions meet by delegate language neighbors in southern india. competition is also strong
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from streaming services. insiders wonder if bollywood will ever return to its successful heights? and if like most bollywood movies will have a happy ending. and a reminder at the top story way, following foyer, fuel shortages in france, south to weeks of strike said refineries. demonstrate has won a share of the oil major's pump of profits from surging prices. the government tells the companies to pay up before the country grinds to a halt. i, because all and nice doing business with is the end of the pandemic in site. we show what it could look like. return to normal and we visit those who are finding it difficult
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successes and you know, weekly kobe 19 special next on d, w. they are at the top of the food chain, and yet they are in great danger or continuum for decades. they were only 16 now, large swamp areas are to be restored. left to break, turn of the tag was beginning in 45 minutes on d w. oh. i have been said, i have been beaten. i have been sick
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a straight did. because we tried to to show dory of face of mafia all over the world. environmentalists are in danger. the enemy, ruthless corporations corrupted, government agency and criminal cartels. with a design and targeted environmentalists in danger starts october 29th on d. w. ah ah, africa was hit, especially hard by the coven 19 pandemic. across most of the continent, health measures were insufficient. many african countries received vaccines late.

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