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tv   Business - News  Deutsche Welle  November 8, 2022 10:15pm-10:31pm CET

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things from that perspective in katara for bissell l g, b t q rides, groups have called on fee for to pressure guitar to decriminalize, same sex relations, and protect the l g b t q community. about 1200000 international visitors are expected to attend the world cup in guitar. you're watching the w news from berlin mixed up the w business news with my colleague janelle molly up of see if the little bit late she music can't be destroyed. you can try that, it's impossible. ah, she performed for her life in auschwitz.
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he was the nazis favorite to musicians who lived beneath the banner of the swastika of from about the sounds of power and inspiring story about survival. thanks to music. fetch the cello playoff. well, i was the only one i'm super lucky. user under the swastika starts november 19th on d, w. ah, it for 16 p. m here in washington dc on the day that america decide if the midterm election had stay cool will control the country supreme legislative body,
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the house of representatives and the senate at the top of voters minds. it is to be economy. i'm janelle, going by law and welcome to our d. w. business. special coverage of the mid term elections. from here, close to the us capitol. it's been a tough 2 years for the president's term so far. one dog by the fall, out of not only the coven pandemic, but the war in ukraine, and it's knock on effect on energy prices. 79 percent of voters say the economy is the most important electoral issue for them. according to a pew research poll and no wonder inflation and the united states has risen to over 8 percent. the cost of food is $1.00 of those symptoms of tough economic types. i want to check on the temperature a voters kind of cut back on everything. i mean, so really just shouldn't have to spend this kind of morning just did you survive? you know,
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that's where it's at. i'm believing any more about surviving. i had to get a 2nd job and because i got 3 kids at home, so i don't get food stamps. so i think we're all set in place in the past week. everyone in there and read a book day to day lives. and i think, you know, kids lose a partner that may be the middle class, but it's starting to hurt everyone and it's going to continue to hurt as we enter into the colder season here until nino, when you know we're gonna have to fill up our tank getting you all and you know the costs, things just continue to rise. i think we're looking at a bad time in our gone and i hope that we're able to get it back on track. i don't have a lot of faith in democrats or republicans. a key policy of president biden is the inflation reduction. one of its priorities was to support
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american agriculture, helping farmers, whether the current economic crisis, as well as building resilience to climate change. i traveled to the town of volga and south dakota to find out from farmers if the support they're getting goes far enough. and whether it could even sway their vote. ah, who across the american midwest farmers are wrapping up their harvest. but it's been an unusual year. the story of agriculture right now is, is really 2 different stories. economically, prices are pretty good for commodities gone. and so i mean capital kind of go up and down. but our expenses have climb tremendously. american farmers have a lot going on from rise and commodity prices. you have tension of policy makers and billions of dollars in federal funding with more of the cost. but the agricultural sector is facing a series of challenges from rising energy costs to input prices and money,
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se passed policy of late. and i guess what, what bothers us as farmers as that a lot of this them have to happen. we were energy self sufficient, 2 years ago and president biden, 1st thing he did was shut down the keystone excel pipeline up there. this area would have been a tremendous economic benefit and the cost of energy when it rises like it did, causes inflation that really want diesel fuel. we plant our cops so we do all the things that we have to do to, to make that crop, grow and prosper. and then we harvested. and when energy prices are, are allowed to get that high, just works all the way through, ultimately to the final consumer who is paying 304050 percent more for food. now because of all that, those higher prices for agricultural products are helping offset some of their ballooning outlays. like the tripling of fertilizer costs in the past year. but farmers expect their spending to blow past their revenue for the farm struggling.
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the most help is on the way, as part of the $700000000000.00, strong inflation reduction ass signed into law by president joe biden. earlier this year. more than $3000000000.00 in aid is going to indebted farmers. but despite the name, what the democrat lead bill is really meant to do is battle the climate crisis. spending a further $20000000000.00 to supplement existing conservation efforts to make farms more sustainable in the long run. but brandon wife says farmers, i can have little time for the political back and forth. the american people are especially are politicians, we think in 2 and 4 year election cycles. well out here i'm thinking in decades and generations, and the job that i have to do is so much bigger in the grand scheme of things. then one politician career, i really try not to confuse the to every administration has things that they do that i appreciate and things that i don't appreciate. and so i don't get too
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worried about this years politics or this year's economy. try to see the big picture. it's through that big picture lens that these farmers will make their choices, whether at the polls or on their farms. and now we turned to wall street where teddy austro is waiting for us with more on how the markets are responding on polling day. thanks, janelle, here on wall street, they are waiting to see if there will be an extension of the rally that we saw over the past couple days in anticipation of the mid terms. the republicans, of course, are expected to take at least one chamber of congress, maybe even to the republicans being slightly more corporate friendly than the democrats, though not exclusively. so, however, most importantly, if this were to occur, there could be a deadlock in government. this could work to the benefit of wall street. a deadlock
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means that there is unlikely to be major policy shifts that could threaten corporate profits. of course, there is another scenario in the case of a potential recession. next year. major policy shifts may be needed and it could actually affect the market. now, we do know historically that regardless of who wins in the mid terms, wall street is likely to rally anyway. what may be a better sign of what's the com is later this week, we are going to get some inflation data. we know the fed is keen to continue hiking interest rates, so we just may need a little bit more time to see where the markets will actually swing. and that's all for me and the team here from this side of the atlantic. for now, it's back to christy plaid sent in berlin for the rest of your business news. thanks for that, janelle, now to some of the other global business stories,
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making those today die. javan has signed a deal to build the 1st high speed rail network in egypt. starting in 2025, the 2000 kilometer long network will connect the alexandria with cairo and the new administrative capital city, which is currently under construction. it's set to be the 6th longest, high speed rail that work in the world. french automaker renaud pitched a green re brand to investors on tuesday and is splitting its operations into a new electric vehicle unit and a subsidiary for petrol, diesel and hybrid cars that will pair up with china's gaily the vehicle unit could be listed on the stock market. as early as 2023, a german court has given prison terms to 3 former banking executives for their roles in the 2017 german tax hoc scandal known as come acts. the scandal costs the german government billions of euro's dozens of bankers, traders and financial advisors have been indicted over the scandal. and
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investigations are underway on over $400.00 cases. well, we've spent a lot of time on this show analyzing the economic fall out of russia's war in ukraine. we have looked at how sanctions are hurting russia and how they've hurt europe. but some markets are experiencing a surprise boost from this brutal war. thousands of russians have fled to neighboring georgia, and they've brought cash and business. now, how with them rushes. so the neighbor, georgia, is one of the unexpected diamonds in the economic rough. it's enjoying an unexpected gloom, fueled by a dramatic influx of more than a $100000.00 russian nationals. after putin's mobilization, dr. quite reach, people came to georgia. we some business ideas. plaza consumption increased drastically uh including tourism and they send as they sent to themselves, a lot of money through remington sees as well and it boosted economy pretty pretty
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. pretty much back in april, the world bank estimated that george's g d p would grow only 2.5 percent. now the country is expected to hit double digit growth by the end of this year. around 10 percent, the boom seems to be helped along by the russian migrants this me grants are very helpful because part of them died probably the majority of them very young technology educated people who have a knowledge and probability for us 14 appreciate, but also for the other 2 jenko proficiency, quite useful opportunities for you that now the question among analysts is whether this pace of growth is the sign of a sustainable upward trend. all if it's merely a blip. but when they leave the yard that through the problem, because some, some amount of demand which was, which was now in place,
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will not be in the future. uncertainty remains not only due to the white, a global economic volatility, but george's proximity to a volatile neighbor in russia. and finally, do you have some extra cash lying around? how about buying a massive tire and a source rec skull? one of the best and most complete sculls ever discovered is projected to sell for as much as $20000000.00 at an upcoming. sotheby's auction, the scull nicknamed maximus, is believed to be 76000000 years old. it weighs over $200.00 pounds and was found in south carolina, but selling diner bonds as a controversial business. scientists say that museums and research village facilities just can't compete with the sky high prices at auction. this prevents experts from studying the age old fossils and a reminder of the top isn't story we're following for you this. our voting is
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underway in the u. s. midterm elections. the results could prove decisive with republicans expected to take the house or the senate, or both an outcome which would hamper president joe biden's economic plans for his remaining term in office, including the expansion of social spending. well that's our show for more you can check us out and check us out on d, w dot com. we're also on facebook and youtube for me and the whole team here in berlin. thank you so much for watching. we'll see you tomorrow with a naval climate neutral and actually, and not harming the climate. why? because the tub isn't subject to any laws. the regulations the
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truth behind climate neutrality co shop with d w. d. do you know that 77 percent a younger than 35? got me and me and you know what? it's time all voices. bob? hi. home. the 77 percent with this is with the 70 percent in 60 minutes dw. ah mm. hello guys. this is the 77,
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sends the platform for us with these issues and share ideas you know, or this channel. we are not afraid to happen. delicate topic, african population is growing fast. and young people clearly have the solution. the future belongs to the 77 percent every weekend on d, w o climate neutrality, fewer emissions stopping climate change. that's what everyone these days claims to be striving for. fremont outside the climate neutral climate efficient climate. whatever every term has climate at its heart is, is.

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