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tv   Business - News  Deutsche Welle  October 18, 2022 12:15pm-12:31pm CEST

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we know that it's important to enable girls to not only think that they can play, but also that there are other opportunities in sports like refereeing and coaching and, and opportunities and administration. so it's really the holistic component around sports that we're looking at for girls. when well, team palestine and hosts, guitar certainly put on a shoe at this tournament. no middle eastern senior team has ever made it to a women's world cup. the region is under represented at the upper levels of the game. getting a new generation of girls into the game with events like this is crucial if that is ever to change these places in europe are smashing in the records, stepped into a bold adventure. it's the treasure map for modern globetrotters. discover some of you to record breaking sites on your max youtube and now also in book form
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i have been threatened, i have been beaten. i have been sickest rated because we tried to to show dirty, a face of mafia all over the world. environmentalists are in danger. the enemy, roofless corporations corrupted, government agencies and criminal cartels. targeted environmentalists in danger starts october 29th. on d. w. m. ah, a 3 child policy aiming to reverse the trend with an aging population or get expert analysis on what china's demographic challenges mean for the world's 2nd largest economy. also coming up germany to decide to extend the lifespan of another of its last nuclear power plants as the energy crisis force as
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a rethink about supply and a hawkish monetary policy being felt around the world will show you what impact the federal reserves aggressive interest rate hikes are having outside of chris global. welcome to the program. the communist party congress is in full swing in beijing. and chinese stocks are up. that was premier lee catch young vows to support economic growth. he made the remarks at the ongoing congress in just a day after china delayed the release of economic indicators scheduled for publication this week, including countries. 3rd will quarter g d, p. data. visitors are closely watching the congress where the parties, general secretary, japan, is expected to be handed a 3rd term in office noticed by government leaders stressing that things are looking up. chinese economic growth has recently faltered
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for a long term boost to state and party leader. using ping is relying on domestic consumption . however, there is a problem. china's population is agey. last year, roughly 18 percent of the population were younger than 14 and 13 percent were older . than 65. now the united nations are expecting a significant shift by the year 2050. by then, according to a new study, only 11 percent of the chinese will be under 14 and seniors. over $65.00 will make up a full 3rd of the nation's population. now for some more insight, let's bring in valerie tan. she's an analyst it at the mercator institute for china studies. welcome to w, valerie. after decades of a one child policy, the communist party is advising or allowing families to have 3 children. now, why is china's birth rates still one of the lowest in the world though?
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i think there are many reasons for this. and one of the key reasons that we should really highlight in, like congress going on in beijing right now is to lack of in the representation in chinese politics when you don't have it. now women who are represented in government than women's issues such as relating to but 3, such as relating to gender equality, are not represented in documents. and that is why one of the reasons key reasons underlying this is that on the ground that women in china feel economically and so should be insecure. and they don't see that need to have more than one year despite the state and party leader jim being saying is going to rural, establish a policy system to, to a booth birth rates. i mean, there have been measures like tax deductions, longer maternal lead maternity leave and hands, medical insurance. all these things have put in place. they're not showing a real impact on well, you can just simply throw money at
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a problem and expect people to rush in hospitals or kids at home. the issue really is more than just about money and financial support. sure, those are important things as well. but there are structural issues on the ground that have not been resolved. if you realize that in the past year, we have been hearing a spade of high profile cases where this violence, investment and domestic abuse case is really coming up to f. as in china, those issues and those cases really reflect the fact walsman to protect women. when women don't feel secure and society, wendy don't feel economically secure. then the ability to point, like i said earlier about having children, because their children want to feel safe in an environment in that environment. what impact is the demographic trend having on economic growth? well, we are about to witness a demographic crisis in china as highlighted by the united nations,
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as highlighted by the population planning authorities, but in china and one. the key thing that we would like to highlight here as well is that the population planning in china is releasing a survey, results about how women and how can families feel about having sure. so that's one thing to watch. but in the longer term, this means productive. anti and production and manufacturing will take a hit because in the global competition, when you have an aging population, people are asked to look longer at it or the east, they're forced to retire. that is not something that the chinese society will be able to accept and also like will, the younger generation will be see more people be able to take on more jobs. and this is a big transition, an adjustment for china right now. well, at the same time, one can argue that countries like japan, like germany, they're also facing an aging population. but there hasn't been
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a real let down and growth when it comes to does matter. yes, i think that is something that china is also been watching and drawing lessons from . that is why you see the government investing a lot in basin, a ton of cost trying to like many, often the processes that used to be done by humans. but at the same time, then you also get social policies. is that enough of the social welfare to support the asian population? because if you don't have enough resources that, that is great to financial pressure on families who are like, you know, who is the one child a written by national pressure for them to support elder parents, grandparents and yeah. in those then that needs a lower capacity for them to consume and spend right. well written of the mercator institute for china studies. valerie, thank you. an auto, some of the other global business stories making news. exxon mobil says it has
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completely left russia after president putin expropriated its properties to move from the russian liter followed months of discussions. exxon says it was not compensated for the assets which are estimated to be valued at $4000000000.00. a group of 8 starbucks employees in south carolina and united states, or soon the company. they are part of a unionized group of workers and say their manager has falsely accused them of assault and kidnapping. after they demanded arrays. large financial institutions have increased their funding to companies responsible for deforestation around the world. that's according to the forests and finance coalition. the n g o says that financing rose over 60 percent to $47000000000.00 from last year. and all 3 of germany's remaining remaining nuclear power plans will stay operational until mid april. that's after a decision. by chancellor, all of shots of the social democrats,
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the measure is targeted to help the country through an energy crisis energy from the power plants replacing gas deliveries from russia without creating a bigger reliance on coal. all right, let's take a look at this controversial matter with cassandra sons from d w business. cassandra, tell us more on why the chancellor needed to put his foot dock. there was a big meeting this weekend. all 3 coalition partners were there to hash out some of these details. there was an agreement that some of the power plants had to stay open, but the stalemate was which ones and for how long. so the chancellor did put his foot down. he has told his cabinet ministers in a letter that the 3 remaining nuclear power plants will stay open and tell it to put proposals together to allow the 3 remaining and power plants to stay open until april of 2023, till the political divisions bridge to your for the moment will keeping the plans open, solve the energy crisis, and no one thinks this is
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a silver bullet. chris and the chancellor himself acknowledged that he wrote that there is a need in germany for an ambitious energy efficiency law. for example, prior to the russian invasion of ukraine, you'll remember germany's a big pillar of germany's energy economy was cheap russian energy. and now that pillar has been functionally removed. everybody's trying to move very quickly to build up this infrastructure as quickly as possible to get a little bit here a little bit there. and i keeping these 3 nuclear power plants open for longer than they were planned for is one of the measures that they're putting into place. tell us about the costs of the step does move the costs and benefits right now are still kind of being felt out. so experts are saying that keeping these nuclear power plants open is critical, especially during times of high demand, which we're anticipating as the the nights get longer and the days get colder. germany's industry lobby, for example, has also welcome the delay, but they've acknowledged that the german government does need to put more effort
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into securing cleaner, more for climate friendly energy, not only in the long term but also in the short term. meanwhile, glean peace has criticize the move. they said in this age of hybrid warfare that were in that nuclear reactors could be a target d w. this is cassandra center for center. thank you. now, according to a benchmark index, the u. s. dollar is up 18 percent this year against a basket of key currencies man trying to combat record inflation. the federal reserve has been aggressively hiking interest rates in the united states with the impact showing far beyond us borders. as long as there are a cause there's a need for people who can fix them. but in this repair shop in nairobi, one of many in the neighbourhood times are increasingly tough. the business is struggling. customers are unhappy. the cause, the strong us dollar and a relatively weak local currency, which is sending prices through the roof. sometimes to find that they say increase of about 10 to 20 percent in the cost of a fair fight within
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a period of maybe $5.00 to $6.00 or 6 to 12 months. we ship. why not expecting for us? like now? we are in wholesale and retail of pots, and you find that most of the customers are complaining a lot, just down the road paths dealer, albert che, feels the same pain we are continuing to, to lose. if i used to pick my children to holly this week, i don't know, do those had holy does anymore? because i am the of the weekly sheeley. it's a phenomenon which is hitting small businesses around the world across all sectors . in istanbul, chill out cali cells, infant clothing and diaper bags in his 2 shops. the letter was in the ali purchase material and paper manufacturing in u. s. dollars, but we sell in turkish lira. that's the problem. it's why kelly has to raise prices for turkish customers who have to pay him in the degraded local currency. arising
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dollar is causing pain overseas in a number of ways. it makes other countries imports more expensive. it forces central banks to raise interest rates to defend their currencies and keep money from fleeing their borders. it squeezes companies, consumers and governments that borrowed in dollars because more local currency is needed for loan repayments and those higher borrowing costs we can economic growth and drive up unemployment. now, have you ever stepped on a lego blocks in your kid's room? out, right. well, step on this, a lamborghini built entirely out of lego. it took 400000 pieces, 154 different shapes, and just a day this cool ride was showcased at the paris auto show. looks great, but sorry you lego, and those yes. out there. it won't come as
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a kit. hm. that's our show for more news and background information. check out our website ad d, w dot com slash business. and of course, the d w's youtube channel will bring you all the latest news from around the world . i'm chris kolber, on berlin from me and the entire business team. thanks for watching of a successful with chime on the watch list q way it is said to help mitigate the effects of climate change and regulate the greenhouse effect. what's so special about this raw material and what can bio tar really do for agriculture?
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a unique long term trial seek sentences to these questions. to morrow to day. next, on d w. we've got some hot tips for your bucket list. romantic corners. check up spot for food. check and some great cultural memorials to mood. d, w, travel off we go. ah, they rule the skies. there are about 50000000000 bags around the world. nowadays they are the only animals with feathers about 300000000 years ago. but family, 3 of birds and mammals separated and their brains developed differently.

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