tv Business - News Deutsche Welle November 30, 2022 10:15pm-10:31pm CET
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is, are redoubling their efforts to stamp out and rest after beijing zebra or over beijing . 0 cove. it to policy, police are on the streets and force for despite efficiency. also relaxing some restrictions. they're still widespread unrest. an experimental new drug is bringing new hope for all timers patients. the treatment has for the 1st time been shown to . busy slow cognitive decline in patients, but there are serious sites. that's all for me. rob, what is up next? would be w business news. i'll see you tomorrow with nico, raring to read to. if there is any erotic events between them, you'd have to find it between the lines. he w literature,
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100 german must reads the world cut into time. exactly 14 tim version included because we're there for you with your port and background information. everything you need about the 2022 world cup on d w ah ah, your as own inflation falls for the 1st time in 17 months. could this be the let up that your pan households desperately need with food prices soaring? an energy becoming barely affordable, turbulent times, hit russia, allies,
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all western sanctions. finally starting to land as the russian aviation sec just struggles to spare parts. and russians who fled to turkey might be wearing out there. all welcome. by spending too much money to see that we have business on robots in berlin, welcome to the program. inflation in the euro is there and has fallen for the 1st time in nearly a year and a half. they will come as a relief to many europeans is seen, alarming rises in that food costs and energy bills in recent months. but the european central bank is wanting that the price rises have not yet peaked for 17 months, price is kept on rising. first, pandemic spending triggered the cost of living crisis than it flared up even more fueled by russia's war against ukraine. but now inflation has finally shown signs of easing in the 19 countries that use the euro. it fell to 10 percent in november
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from a record high 10.6 percent the month before. thanks in part to slowing growth in energy prices. but the risk is still there and the crisis is still on. inflation rates coming down. it is the price change coming down, it doesn't mean that prices are actually dropping. so we still are in this cost of living crisis. and the only thing is that the burden, the damage will become less and will start weighing less on the economy. but it will not reverse any time soon. and this is why european central bank president christine le guard warned that the euro zone inflation hasn't peaked yet and, and that more interest rate hikes are on the way we grudge europe is caught between inflation rates not seen in decades and fears of a recession. if banker is take aggressive steps to and the one they may end up with the other. meanwhile,
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new figures show the u. s. economy grew more than previously thought during the 3rd quarter of the year. the latest data puts g d p growth at 2.9 percent revised up from the previous 2.6 percent estimate precision consumption and a falling trade deficit helped power the expansion. economists are also expecting growth for the current quarter, although the trade deficit is growing again. long as let's bring on a financial correspondent in new york. he ends quarter. yeah, ends up one more. we learned about the u. s. economic situation because we've had a few figures out yeah. rough. i mean i would say in general, so far so good. tim and a growth of 2.9 percent is pretty good and economists are expecting that we will also see growth in the 4th quarter. even if estimates are all over the place at somewhere between a growth of one to 4 percent and the final quarter of the year. but you already mentioned consumption has been a one, a huge factor. and i'm always wondering how much longer can american spend that we
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already see they do spend was taking on more debt was credit cards them for example . and then you also mentioned the trade deficit. yes. that was good for the past quarter, but we just got a new numbers today that actually we saw quite a rice in the trade deficit by almost 8 percent. and so the tight actually could turn looking ahead. we also got to got a labor numbers from the private sector, the lowest job growth since january of 2021. so maybe things might not stay as stable as the look right now. me williams, where you are on the new york stock exchange. it's been the last trading day of november and the strong month for the dow following a record month in october. what's, what's, what's driving goal of this constant strength from the, the, the stocks that me on the yes, specially if you look at the final session in november, the dow jones industrial average actually was up by more than $700.00 points for
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the month. we are up by a good 5 percent after we were up 14 percent in october. that was the best month. by the way, since 1976 actually a couple of things have gotten a bit more or if you look at inflation, inflation is still high. but we might have the in the peak, if you look at interest rates, fed chairman jerome, paula here on wednesday mentioned that we might at least below the pace of further interest increases. so there might also be coming to an end. so those huge increase when it comes to interest rates, also it positive. if you look at all the supply chain issues that have direct the global economy for so long, we still have locked downs and sign up. but in other areas, it has gotten a bit better, so there are some bright spots, and that's why the stock market is up. but that does not mean that us consumers can spend forever. and it does also not mean that the recession is totally out of the cards looking into 2023, but at least for now it looks much,
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much better than 2 or 3 months ago. quarter new york stock exchange for us. thank you very much. let's take a look at their, their global business stories making the news. fashion retailer h t m has ended, is russian operations closing in moscow flagship store. swedish clothing company also said it will be laying off $1500.00 employees worldwide to contend with softening demands juice, arriving inflation. the 1st big european retailer to do so. the number of employees people in germany rose to a record high in october. despite a looming recession. official data shows $45700000.00 in employment last month, thus nearly a one percent increase compared to the same period last year. now since it's military invaded ukraine, russia's commercial aviation industry has taken a heavy hit aircraft, industry giants such as abas and boeing stopped supplying spare parts for russian
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plains, back in march, a few months down the line. and that starting to have a major effect. despite the sanctions an being cut off from the deliveries of critical components, russian airlines are still operating. even though there has been a 15 to 20 percent robin passengers. for most people taking domestic flights in russia, not much has changed. in terms of learning jets, it was always going to take a bit longer because of course you've got star and spare parts, and of course you good. the existing aircraft that can be cannibalize more than 800 modern western built passenger jets, were flown by russian commercial airlines before the outbreak of the war. more than half of their flights operated on international routes. the majority of these flights have been terminated by sanctions. with media that will be international routes were very lucrative. one of the most important forms of income,
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the harsh cut off from this cash flow was very serious. and on the other side, you had the asian industry. it has become very difficult to supply aircraft video that are flying now a spare part to show even before the war, airlines in russia face difficulty getting spare parts. a pilot took this video a year ago. it shows yellow slips written with the letters i n o p, meaning inoperable. the situation has worse than drastically since the war and prestige projects like the m s 21 and the super 100 super jet. both passenger aircraft built in russia have an achilles heel. they depend heavily on western made engines and avionics commercialization manufacturing side. russian aviation is did not meet the m s 21, which is bill with 4 components or the super jet 100,
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which is also bill with foreign parts can be produced in russia. would lacking access to critical components means russian aviation will only be a shadow of its former self in years to come of more in this less here from data we russia analyst, you're a rash chateau. he told us that moscow has been turning to one of its few friends to help the wrong was also a great hope for russian of the asian country. has been living under sanctions for decades and has developed various methods to circumvent them. but iran, the uses aircraft from the 19 the 70 s, and $98.00 is which, which are less dependent on the software updates. ira afloat, in particular, has equipped its fleet with a very modern aircraft in recent years that apparently don't need to be to be repaired so quickly. but at the same time, because russia uses very more than aircraft that rely on those very technologies,
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it will be increasingly difficult to safe, safely operate western aircraft without computer updates. and russia itself hardly builds its own aircraft all at least not nearly enough. at the same time, russians are fleeing to turkey to escape the effect of western sanctions on their economy. but the presence of wealthy russians isn't seen as a positive by many turks is why is stumble, airport flights from russia land here daily. among these passengers are many young men opting out of fighting and rushes war in ukraine. r 2 r a landed on a flight last month, shortly after partial mobilization or deployment was announced. he staying with his friend myisha and settling in quite well chosen. homer drew people, i know here i found a russian bank and payment system that can make transfers from russia to a bank heater in 3 steps. school. bob, which is what it was this year more for just your bug, but what pleases are to her here, infuriate starks while they are suffering the russian visitors are doing extremely
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well. and it's not just them. 2 months ago, beller russians. vladimir and olga arrived in antalya and set up a dentist academy. of course on sally is perfect. i feel like almost at home because too many russians begin from different rations, begin concerts, but you have every seen kindergarten school business is going well for their apartment. the entrepreneurs can afford to pay $3500.00 euros. 7 dines the average turkish salary agency guys. they already told us that don't kesh citizens and i have very huge problems. they can't l. sam sales to rent flats. they come time because every one looking for foreigners. for turks like eunice, emory, the rents are unaffordable. the 26 year old teacher was afflicted from his old apartment after his property owner raised the rent 5 fold. so he moved in with
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a friend the homes and amazon. i used to spend about 10 percent of my salary and rent, you know, that's over. now it's at least 50 or 60 percent. if i can find anything at all. and it is of an updated to the now, there is anger, especially at turkish businesses and property owners. after all, they are the ones benefiting from, believe russian lines were driving up prices. that's all for man of is the same here in berlin from all from us. that's why website did we all company in a globalized world, where everything is connected only takes is a score to set things in motion. local hero show how their ideas can change the world
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with global 3000 the next on d. w. a neutral by 2045 germany public transport system is going green. is a good bye to the old bus. when you know they're converting to electric energy which presents a technical challenge, is it worth it for the climate? absolutely. but what about for businesses made in germany? in 60 minutes on d. w with franklin aol already know that
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with hackers and paralyzed me to your societies. computers that i showed you and governments that go crazy for your data. we explain how these technologies work, how they can go for and that's how they can also go terribly. watch it now. oh, welcome to global $3000.00 coming up off beat road trip, a music studio on wheels in the west bank.
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