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tv   Business - News  Deutsche Welle  October 14, 2022 11:15pm-11:31pm CEST

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i to put on these now and hoping i've eased g victory over struggling shaka, as it matched a 10, kicked off in germany's buddhist league on friday, mona's double war. see why they are scoring the pick of the goals just before have time in gilson kitchen. that was the 2nd in a 3 meal when for the visitors who move up to 3rd ahead of saturdays games chaka, still have only one. when after gaining promotion to the top white last season, you're watching the w news. a big facility is up next to the w business news and more trouble for the british pound after the sacking of the finance minister. sounds like the time for the weekend have a good rearing to read. ah, everyone who loves books has to go insane. with
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d. w. literature list. 100 german must reads. law has no limits. love is for everybody. love is live with love matters. and that's my new podcast. i'm evelyn shire mom and i really think we need to talk about all the topics that north divide and denied that. and this i have invited many deer and well known gas . and i would like to invite you to an end ah, can we place trust and trust? the british prime minister fires her finance minister quasi qua tang over their failed business agenda. she says she had to act decisively to bring about economic stability. but the pound resumes it slide on, currency markets,
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e long mosque says he can't fund to the ukraine military satellite communications system forever. he asks the us defense department to cover the costs of styling, which has been crucial to ukraine's gains against russia and built with the supportive both german and european funds could latin america's 1st thermal solar power plant in chile returned the favor by helping the continent when itself off russian fossil fuels. i beg for solon to business. british politics are in a mess, but european markets ended the week. hyatt, british prime minister less trust, has fired her finance minister. she also scrapped the key part of their plans, are slashed taxes financed by billions in borrowing, which throw markets for weeks. they settled some watch up to the bank of england intervened in bond markets, but it stopped purchases on friday. analysts say only a bigger, climbed down by trust will avert fresh panic. less than 6 weeks in poverty,
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and british prime minister list process reversals are coming to can fast. in a stunning retreat, thrust fired her finest minister across cortez. and then while to raise the country of corporate tax rate, after promising last month, she wouldn't we need to act nat to reassure the marcus of all fiscal discipline. i have that full decided to keep the increasing corporation tax that was planned by the previous government. jeremy hunt replaces qua tank as chancellor of the exchequer. and the burden of implementing his shot reversal calls to him is a challenging proposition. hunt is britain's fort finance minister. this year trust us economic program sent massive shock waves through the markets. eventually forcing the bank of england to intervene into debt market to re establish price stability. all this turmoil comes as the u. k. bertolsi inflation at its highest
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level in for decades, households are suffering from increasing mortgage rates, higher living costs, and the global energy crunch. due to russia's invasion of ukraine, the british government class to raise $18000000.00 pounds per year by raising corporate taxes. but during the bleak economic landscape, there are questions about whether trust will be prime minister long enough to implement these plans. economist, hillary ng and joins us for lancaster. is it fair? the quasi qua tang has paid the price of trances crash, program, of unfunded tax cons. the terrified financial markets, i think he's paid a very heavy price. i mean himself, possibly at least trust what totally sort of policy together. it was her manifesto when she was elected to lead the policy in that for seeing the role of prime minister. and i think it was exactly what she said she was going to do. and obviously she missed just how popular it was going to be not only with people in the country, but certainly it spoke to the market. and i think somebody has to pay the price.
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and it's the chancellor has done it. hillary, i find it interesting though the trust is said we recognize because of current market issues that we have to deliver the mission in a different way. does that mean her mission remains this, this low tax highway tie growth targets when the u. k. is on the brink of recession . i think that still does remind her target. she's still committed to this high grade. i mean, that's why she didn't increase cooperation tax last time around. but even with corporation tax at a low rate, you know, investment in breaking britain has been very, very sluggish. i think she is committed to it, but i think now she can't really proceed unless at the same time she can show that government finances are in a state that is going to allow it to make the spending. she needs to, mike, what's it mean for the government with the bank of england help upon market sending today? what i mean, if you take the view of,
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they don't know that by coming then if you're going to make such interventions, then it has to be on a temporary basis. if you can't have these things that are just going to go on and on and on. so he was quite clear about that. it was pulling out today on the was going to be no backtracking or not. but of course, again, it's less live uncertainty. what is going to happen in the future? you know, might the bank of, in the step. and again, it's all, you know, very difficult to say what is going to be going on here. we're ready now waiting to the end of october when we should, by that time, you know, then how is independent view of the office, the budget responsibility. you know, what is this all going to cost even with tracking measures? because there's been some, quite horrendous estimates coming out of place like the fiscal studies. so i think, you know, this is the sort of a type of proof that she's remove the chancellor. and of course what she's done by replacing it with jeremy. jeremy hummed back,
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she will not say where i was initially. i actually had none of his back in her cabinet. she now has to one in the very senior position of chancellor. so possibly that might bring more and peace on to her side because the problem is not a popular in the countries. she's deeply unpopular and the conservative party itself. she never have the backing of the majority of them. but you do think she will manage to hang on as prime minister until the end of october until the end of the year or a little longer than the i think she said to landmark tyver, i'm in person. i think she'll still be there at the end of the year, but i, i don't see it being a long lived prime. and so, i mean, this has been a catastrophic star for her. i mean, we've even had showed me that when she met prince charles this week that he walked into the room, he said, i am dear. i think not really just some of the sort of made the nation. and this is been reflected in on the disastrous things in the market because of the effect of
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the insurance company, the bank of england stuck in. i wouldn't be surprised if she goes early in 2020 for hillary. am lancaster university. thank you very much for being on the show. thank you. bye. ukraine's military needs a new business strategy to keep using the styling satellites that provide it with crucial battlefield communications to fennel bratia ilan. musk says it's costing his company space takes $20000000.00 a month, ukrainians get a big discount. he's asked the us defense department to cover the costs. it follows the public route between ukrainian president flor to ms. lewinsky and the billionaire entrepreneur in which musk suggested keith make concessions with moscow in exchange for peace makers. little teddy austro is at the new york stock exchange for a steady it tell us more about the tech. that mosque has been providing ukraine
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with well, this is the satellite internet constellations that we're talking about essentially, satellites in the sky. you set up terminals on the ground, you can set up with an app, and boom, you have internet. this is actually one of the best deployment of the technology for the company so far, which has dealt with them some hiccups in the past, but now the ukrainians really do depend on a startling for their internet. and this is not just civilians, but this is also the ukrainian military, and it's fight against the russians. they depend on it for communications, for intelligence updates. and this is crucial, given that a lot of communications infrastructure has been destroyed in the war. and just the general internet crunch would the waste defense to pop, and they'll take over the costs teddy while the pentagon is in talks with the company right now, so we'll have to wait and see where that goes beyond mosque has expressed some
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anger about this. i talking about the company spending $80000000.00 so far. i'm going to spend a $100000000.00 by the end of the year. but i think it's important that we know that the bill has not been put it entirely by a space acts, but rather 85 percent of the terminals in ukraine have been paid for or partially paid for by the united states government as well as other governments and that includes 30 percent of the internet service provision. so this is footing more of the bill, not the entire bill. okay, thank you very much for the update to the austro, at the new york stock exchange have a good weekend following moscow's invasion of ukraine. germany continues its search for alternatives to russian fossil fuels. on friday, the german chancellor met with his spanish portuguese counterparts in berlin, agreeing on the need to diversify, to shore up the confidence energy supplies. but apart from trans national pipelines,
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the germans looking far further afield than europe for help. this light isn't found anywhere else in the world. latin america's 1st concentrated solar power plant generates energy by harnessing the sun's radiation in the tacoma desert. the darius place on earth for the process. 10600 mirrors, where helio stars are key. let us hear nicholas. my son is concentrated solar power, means that it reflects the solar radiation through the heal eustace, to the receiver, which his assaults, intellect and generates to esteem that it, that ultimately produces the electricity bill in on, on my end it has the effect of a sunflower that ames, the radiation through the moment of the sun life and most away it can generate the most radiation or transfer to the solar receiver or i land on their work in the de la europe. here i assume auto finance. yes, your last, it was if the sooner the cold salt at the tip of the receiver are heated up to 565
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degrees celsius through pumps they generate heat that starts a turbine. the process delivers clean energy 24 hours a day. at a time when russia's invasion of ukraine has made fossil fuels more expensive, and it's gaining attention. germany sent a delegation headed by the president of its upper house board obama law. sheila counted seeing much you there has the potential to produce 10 times more energy, then it comes to your letters of green hydrogen could be produced from that happening in the corporate. and that is why there is an urgent need for cooperation between europe and chile. i'd really like to see this corporation gain more momentum him for chile and new partners are also important for it. switch to clean energy. when it is it similar to good, it is a very important base for chillers electric system. and because it is the natural replacement for fossil fuel power plants going or what the and that is what we expect. okay. but our carbon neutrality for our country in governor natalia. but
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i'm, but another way and it's not just chile that's counting on the system. net energy importers. even those in europe, such as germany, are hoping to replace fossil fuels this way one day. and a reminder at the top story, we're following foyer, british prime minister list trust has 5 for finance, minister quality quad tang and reversed her pledge not to raise the country's corporate tax. right? or beyond the you, chancellor of the exchequer. i'm visible and i said business with making the headlines and what's behind them. d. w, news africa. the show that was the issues shaping the continent. life is slowly getting back to normally where on the street to give you enough. reports on the
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inside. our correspondence is on the ground reporting from across the continent and all the trend stuff, the mazda to you next to on d. w. eco. india. in the northern metropolis of chanda goth waste, separation has been compulsory for years. now diapers and period products will also be sources helping the environment while breaking down menstrual taboos ico, india, in 60 minutes upon a t w o t c. this carefully.
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