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

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posse, she herself, might be pushed out next coming up next. why ellen? musk says he can't find the ukrainian military satellite communication system forever. that's in dw business with ben facility, and i am told me all logical for myself and the teen many eggs or with people in trucks injured. when trying to flee the city center, more and more refugees are being turned away and order. families place in syria. to leave credit, a demonstrator, people lean extreme ross getting 200 people hassan from the agency around the world. more than 300000000 people are seeking
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refuge as to why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, can we place trust in trust? the british prime minister fires her finance minister quasi quite 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. e loan mosque says he can't fund to the ukraine military satellite communications system, wherever he asked the u. s. defense department to cover the costs of styling which has been crucial to ukraine's gains against russia and built with the support of
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both german and european funds. could latin america's 1st thermal solar power plant in chile, return the favor by helping the continent when itself off russian fossil fuels. i paid for the woolen lights through business, british politics who are in a mess, but european markets ended the week. iow, british prime minister list trust has fired her finance minister. she also scrapped the key part of their plans, are slashed taxes financed by billions in borrowing, which throttle markets for weeks. they settled somewhat after the bank of england intervened in bond markets, but it stopped purchases on friday. analysts say only a bigger climb down by trust will avert fresh panic. less than 6 weeks in power and british prime minister list process reversals are coming to can fast in a stunning retreat. thrust fire her finance minister across the court tang and then walk to raise the country of corporate tax rate. after promising last month,
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she wouldn't we need to act now to reassure the marcus of all fiscal discipline. i had that decided to keep the increasing corporation tax. there was planned by the previous government. jeremy hunt replaced his cwa tank as chancellor of the exchequer and the burden of implementing his shot reversal. false to him is a challenging proposition. hunt is britain's fort finance minister. this here 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. battles, inflation at its highest level in 4 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 giving the bleak economic landscape. there are questions about whether trust
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will be prime minister long enough to implement these plans. economist, hillary england joins us for lancaster. is it fair, the quasi qua, tang has paid the price of chances crash program of unfounded tax cost. the terrified financial markets. i think he's paid a very heavy price. i mean himself, possibly at least trust what totally a 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 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,
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this lower 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 days . high grades. 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 it mean for the government with the bank of england help the bond market sending today. what i mean, if you take the view of the governor, the bi claim that if you're going to make such interventions that 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,
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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 have is independent view of the office, the budget responsibility. you know, what is this all going to cost even with back tracking measures, because there's been some quite harangue does estimates coming out of places like the fiscal studies. so i think, you know, this is the sort of a type proof that she's remove the chancellor and of course what she's done or replacing it with jeremy jeremy humped back. she's still not. so whereas initially i actually had none of his boxes 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
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her side because the problem is not a popular in the countries. she's the player populate in the conservative party it so 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 the longer than that. i think she's safe to. we ended up tiger. i'm in person. i think she'll still be that at the end of the year, but 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 the way she met prince charles this week that he walked into the room. he said, dear dear, i think that really just some of the sort of made of the nation and that this is being reflected in the united disastrous things in the market because of the effect of the insurance company, the bank of england stuck in i wouldn't be surprised if you guys, early in 2020 for hillary. am lancaster university. thank you very much for being on the show. thank you. bye. ukraine's military needs
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a new business strategy to keep using the styling satellites that provide it with crucial battlefield communications. defend or russia. he long 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. 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 with well, this is the satellite internet constellations that we're talking about essentially, satellites in the sky, 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
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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 stick to fence 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 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,
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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 selfie 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, 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
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place on earth for the process. 10600 mirrors, or helio stars are key. let us here because it as a new, 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 i did 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 to where it can generate to most radiation or transfer to the solar receiver or allow them they're working. 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 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,
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and it's gaining attention. germany sent a delegation headed by the president of its upper house board obama law. sheila contents in march. 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 is getting into 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. 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 high because it is the natural replacement for fossil fuel power plants going or what the and that is what we expected. okay. but now carbon neutrality for our country in it kind of on an elderly. but i'm, but another way, and it's not just chile that's counting on the system. net energy importer is, even those in europe such as germany are hoping to replace fossil fuels this way. one day and a reminder at the top story by following foyer,
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british prime minister list trust has fight, finance minister quality quad tang and reversed her pledge not to raise the country's corporate tax right beyond the you chance over at the exchange bank as well. and i think business with to the point strong opinions, clear positions, international perspective. the most severe a russian missile strikes in months have hit your credit. the targets included critical infrastructure for water and energy. while today's nuclear threat continues to loom on to the point, we ask russian missile attacks on ukraine. how far will the credit up to the point with d, w 11, climate change and
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a country underwater bangladesh. we take a look at the long term impact of natural disasters, how people become refugees, the companies that profit from them and how the economical then continues to destroy the environment. in 45 minutes on d, w o. and we're all good to go beyond deal with as we take on the world. 8 hours. i do all these were all about the stories that matter to you. ah,
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whatever you take my policemen follow being paid deal here we are. your is actually on fire made for mines. ah, the most severe russian missile attacks in months have hit ukraine. the targets bridges, roads, and most importantly, electricity and water supplies. nuclear power plants as well as homes and even playgrounds civilian infrastructure. this is retaliation. the prevalent claims accusing ukrainian intelligence of being behind the attack on the bridge between annexed crimea and the russian mainland. meanwhile, prudence threat of nuclear weapons continues to loom on to the point we ask russian .

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