Skip to main content

tv   Business - News  Deutsche Welle  October 18, 2022 11:15pm-11:31pm CEST

11:15 pm
all 2nd time and finally running an average marathon is already too much for most people. what about running a race that takes $43.00 days and last for almost 5000 kilometers? well, that's exactly what italian andrea mercado did as he won the world's longest foot race, looping through the streets of new york for a 3rd straight time. he got through 13 pairs of shoes in the rain and in case you were wondering, he did get to sleep at night. and that's all for me for now. business with raw, what is up next? if with not has no limits. love is for everybody. love is live, i love matter and that's my new podcast. i'm evelyn char,
11:16 pm
mom and i really think we need to talk about all the topics that more divide and deny that. and this i have invited many deer and well known guests. and i would like to invite you to an in we've got some hot tips for your bucket list. romantic corner trip. hot spot for food, and some great cultural memorials to boot w travel off we go ah, me, you attempt to unite over energy. the european commission has set out proposals to help the blog through its gas price crisis. will there be enough to bring member states together? the dollar goes from strength to strength,
11:17 pm
leaving other leading currencies in the dust. we'll look at the impact around the world. does a historic drought ravages the american south west? we ask local pharmacy how they're coping in extremes, eat this is data we're business, i'm of was in berlin. welcome to the program. a plan to see europe through the winter. european commission has set out proposals and raining in surging energy prices across the you, among the ideas put forward by the commission as the site of joint gas supply contract. but not included in the cap is not included is a cap on gas prices. the idea has split member states with germany making its opposition clear it doesn't want to scare off is new suppliers. new leaders will discuss the proposals later this week or to explain more about what the european commission is proposing. here's our correspondent and brussels terry schultz. well, european commission, chief ursula vander lion is pleading with countries to cooperate more in bringing
11:18 pm
down energy prices as we head into winter. now, what she made her priority in the package of proposals she unveiled to day was that countries make joint purchases of gas. she says when they're competing against each other, for gas contracts, it's just driving the price up for everyone. borderline says this will also be an advantage for suppliers if they get larger contracts. and she's talking about reliable suppliers in her words, and she, she means norway in the united states, primarily as the european union tries to further limits dependents on russian imports. now the other thing that she would like to see happen is putting a cap on what they call the dynamic price of gas. that would limit fluctuations on price in the market. and she very much hopes that of both of these proposals will be taken up by you leaders later this week and approved. but one of the measures that is missing from these proposals is the cap on the price of gas at some member states have been calling for. why has the commission has stopped short of yes for
11:19 pm
the reason that you just mentioned, some member states are calling for it and some of them, namely, germany are against it. there is no agreement on capping the price of gas, and therefore the proposal wasn't worth mentioning today. it when are slow andre and unveiled her new package of proposals. again, as i mentioned, they're very much hoping that these proposals will be approved by leaders meeting later this week at an e u summit. and that then energy ministers can hash out details on those proposals that will get agreement. the price kept on gas is something that will need more negotiations. but i think that ursula underline is very much determined to see that happen. okay, more to come on this later in the week and terry schultz in brussels forest. thanks very much. moving on in recent months, the u. s. dollar has been going from strength to strength is risen. 18 percent against the basket of key current is since the start of the year, the federal reserves aggressive rates hikes intended to control inflation. having
11:20 pm
a major effect beyond american shores, as long as they're a curse, there's a need for people who can fix them. but in this repair shop in nairobi, one of many in the neighborhood 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 you find that they say increase on more than 20 percent in their cost of a fair fund within a period of maybe $5.00 to $6.00 as 6 to 12 months. we ship was not expecting for us. like now we are in wholesale and retail of pots, and you find that most of the customers complain a lot just down the road paths dealer albert j. gay feels the same pain we are continuing to to lose. if i used to pick my children to holly disney cannot do those had what he does anymore. because i am at the of the equally sheely. it's
11:21 pm
a phenomenon which is heating small businesses around the world across all sectors . in istanbul, chill out cali, sells infant clothing and diaper bags in his 2 shops. the letter was in the ali purchase material and paper manufacturing in us 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 dollar is causing pain overseas in a number of ways. it makes other countries info. it's more expensive. it forces central banks to raise interest rates to defend v currencies and keep money from fleeing the borders. it squeezes companies, consumers and governments that borrowed in dollars because more local currency is needed for loan repayments and those high a borrowing costs. we can economic growth and drive up unemployment. let's discuss
11:22 pm
how we got to this point with our financial correspondence in new york, teddy, australia, teddy, i just remind us why the dollar is so strong and has been for the past few months or as they say, the dollar always wins, no matter the state of the economy, but right now the dollar really does seem to be rainy supreme. well, 1st thing to say is that the dollar, of course, is the world reserve. currency 40 percent of transactions are denominated in the dollar. many commodities are priced in the dollar. excuse me. our price in the dollar and, and, but for us, for the recent surge, what we're seeing is that federal interest rate hikes are encouraging foreign investors to exchange for greenbacks. and we are also seeing that the crises around the world, such as the energy crisis in europe, such as the supply chain crises and the threat of recession is encouraging people
11:23 pm
to invest in the dollar. because it is seen as a safe haven, a pillar of stability and security in a struggling world. are you just saying i report some of the drawbacks or other countries when the dollars is so strong, but presumably it also provides challenges for some u. s. companies. if well, if you're in america, taurus in japan or the u. k, you're having a great time right now. everything is cheap. that's not the case for all america businesses. if you're an importer, things are great, things are cheap. however, if you're an ex border or if you have international operations, you could be seeing some losses that because all these goods and services of course, are more expensive in foreign countries and we're seeing fall and demand. we have already seen some multi $1000000000.00 hits. in some cases, a lot of companies are suffering. i'm johnson and johnson. and if the dollar continues to serge, it's likely we're going to see more of this for american businesses. ok to the
11:24 pm
australia on a very busy floor of the new york stock exchange. thanks off join us. now let's take a look at some of the other global business stories that are making the news. exxon mobil says it has completely left russia after president putin expropriated its properties to move from the russian leader, followed months of discussions next on says it was not compensated for the assets, which i estimated to be valued of $4000000000.00. a russian court has fine live streaming platform, twitch, refusing to take down what moscow calls inappropriate content content relates to russia's invasion of ukraine to which received to fines totaling a $120000.00. same court has also submitted promotion against wikipedia. large financial institutions have increased their funding to companies responsible for deforestation around the world that's according to the forest and finance
11:25 pm
coalition. the angio says that such financing grows over 60 percent to 47000000000 dollars last year. and philanthropist mackenzie scott, who was previously my a $2000000000.00 jeff bezos has pledged to donate any $85000000.00. the girl scouts of the usa in 2019 scott promised to give away her entire fortune so far. she's handed over $12000000000.00 to various causes and to relief efforts in you crime. staying in the restaurant and extreme drought is changing. the part of the united states landscape along the colorado river lakes are drying up and once 1st, our land is becoming parched. as this report from arizona shows is our troubling times for the regions pharmacy 48 degrees celsius with no sign of rain in sight. then that's worrying nancy kaywood. she's watching her land roy up before her very eyes. it's only received
11:26 pm
a 3rd of the rainfall. she needs to stay in business. everything was dried out. there's land across the canal bank, straight to the east. and i'm all about is out of production. because we just don't have water availability. less than half of our farm is in production. all we can do is watch things dry up. the reason the colorado river is running dry. climate change is causing less snowfall in the rocky mountains during the winter. and had means less water for the river come to spring for putting pressure on 40000000 people across 70 was states and mexico. the heart of the problem lies in lake, meet the country's largest water reservoir. its water level continues to fall and it's difficult to create a collaborative outcome when you have 7 states, a foreign country, mexico, the federal government, local governments, next year we will take 21 percent reduction in our water supply. mexico and nevada will take reductions, but california still will not take any reductions. hydrologist warned that such
11:27 pm
droughts will likely become more common and more severe in the future. personally i've, i believe that not enough people take the idea of climate change in human induced climate change. seriously enough, water is a limited resource. ah, many political scientists say that it will be a battle ground in the future. ah, the lack of water creates political instability and the potential conflict do it's, it's like, is this the most recent update to the u. s. strong monitor revealed a startling figure. nearly 82 percent of the country is facing the abnormally dry conditions. if not worse. the highest percentage since the drop monitor launched in 2000 and just lastly, casara always is withdrawing flights or his international airport, not because of strikes or lack of passengers, but to make space a world cut fans, the airline is halting services from 18 destinations in order to accommodate the
11:28 pm
1200000 visitors, they expect to welcome for the full time and next month. expose person for hammered international efforts as more than 500 commercial flights. and hundreds of charter and private jets are scheduled to land each day. that's all from and the business team here in berlin from ot to head over to our website to see do we have com slash business? you can also find us on the d to we can use youtube channel and we're on facebook as well as p to we doth business for me and the team till next time. take out the galapagos islands and not sure, paradise that seems almost on tuffs. but pollution and over fishing are threatening the franchise ecosystem. scientists are investigating the causes and
11:29 pm
joining forces with local people to battle species extinction close up next on d, w. you know, it's no secret that africa is a youthful continent. saroyan, for example, 80 percent of the population is under the age of $55.00. is that government actually doing enough to one power? massive young generation street to build tries to find out. and do you think that the youth in this country have been enabled? are impala to love, the 77 percent one. in 60 minutes on d w. o. i have been said, i have been beaten. i have been sickest rated,
11:30 pm
because we tried to to show dory, a face of mafia. all over the world. environmentalists are in danger. the enemy, roofless corporations corrupted, government agencies and criminal cartels. one i think with a design and it's targeted. environmentalists in danger starts october 29th on d. w. ah ah, the eastern pacific ocean is home to an incredible diversity of wild life. unspoiled nature and one of.

33 Views

info Stream Only

Uploaded by TV Archive on