tv Business - News Deutsche Welle December 1, 2022 4:15am-4:31am CET
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these are on the streets and force, but this fine officials also relaxing some curbs. they were still widespread. the sent that's all for me for now. i'm next is the the business with rob wants. remember, you can always get all the latest news on our website. that is, of course d, w dot com, and make sure to also follow us on social media. our handle on twitter is news article for lee. thank you so much for watching. a tooth people and trucks injured when trying to flee the city center. more and more refugees are being turned away as a border. families play involvement tags in syria to these critical illness with people lean extreme drought.
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ross getting 200 people from the agency around the world. more than 300000000 people are seeking refuge as to why? because no one should have to flee. make up your own mind. w. made for mines. ah, ah, your as own inflation falls for the 1st time in 17 months? could this be the letter that your paying household desperately need with food prices soaring? an energy becoming barely affordable. turbulent times, hit rushes, airlines. oh, western sanctions. finally,
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starting to land as the russian aviation sector struggles for spare parts. and russians who fled to turkey might be wearing out there, welcomed by spending too much money, is 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 warning 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'll grudge europe is pot 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, new figures show the u. s. economy grew more than previously thought during the 3rd
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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 rescission 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 along this let's bring on a financial correspondent in new york. young's quarter yann's f. 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 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 to somewhere between a growth of one to 4 percent. 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 already see.
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they do spend was taking on more debt with credit card 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 thought quite right in the trade deficit by almost 8 percent. and so the tight actually could turn looking ahead. we also get a 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 they look right now. new orleans 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 there in new york. yes. especially if you look at the final session in november that johnson doesn't leverage actually was up by more than $700.00 points
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for 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 wither. 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, general impala 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 rate. it's also a 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 some of their, their global business stories, making the news. fashion retailer h t m has ended is russian operations closing in moscow flagship door. 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 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 giant, such as abas and boeing stops applying spare parts for russian plains,
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back in march, a few months down the line about starting to have a major effect. despite the sanctions and 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. radius of the 2 bedroom, or 2000000000, or national 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 in the conclusion. 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 c 100 super jet. both passenger aircraft built in russia have an achilles heel. they depend heavily on western made engines and avionics. the commercial aviation manufacturing side russian aviation is did not meet the m s 21, which is bill with 4 components or the super jet 100, which is also bill with foreign parts can be produced in russia. with lacking
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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 air from data we russia analyst, you're a rash chateau. he told us that moscow has been turning to one of its few friends. iran was also a great hopeful russian of ation. the 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 doing to be repaired so quickly. but at the same time, because russia uses very more than the aircraft that rely on the bill was very technology is increasingly difficult to safe,
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safely operate west and 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 it stumble airport, flights from russia land here daily. among these passengers are many young men opting out of fighting and rushes war in ukraine. our 2 are 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 by which is what else is there more food? esther bond, 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 and analia and set up a dentist academy. of course on sally is perfect. i feel like almost at home because to me and the russians began from different directions, began cancers. but you have every seen kindergarden school business is going well for their apartment. the entrepreneurs can afford to pay $3500.00 euros 7 times the average turkish salary. agency guys, they already told us that dual kish citizens and i have very huge problems. they can't l. sam sales to rent let's they come time because everyone 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 you know, the homes in the 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's anger, especially at turkish businesses and property owners. after all, they are the ones benefiting from val leave, rush inclines. we're driving up prices. that's all from the business team here in berlin from la, from us at to our website. you know, we'll come into the conflict zone with sebastian the war in ukraine may have strengthened western alliances in europe, but not in all cases. the big allen law is the hungarian leader that to all about the one supply weapons here and won't let them transit these country. my guess from
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budapest is the prime ministers. they separate for public diplomacy, resulting kovak complete with a price. i can check off, right, hold on for them. okay, mark. okay, sounds good. transport is the greatest cause it's 3 o, 2 emissions in europe. and that requires urgent action in the future is being determined. now. europe revealed part 5 of our series in 45 minutes on d. w. o. a shell filled with explosives, a symbol of power,
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rebellion and sensuality. wound by royalty and icons like a magic wand. to browse through divorce guy with a colorful cultural history. secret weapon lipstick. december said on d, w, the war in ukraine may have strengthened western alliances in europe, but not in all cases. the big outlier is the hungarian leader, victor all been well supply weapons to care and won't let them transit his country . my guess from budapest is the prime minister's state secretary opened co batch. do you want so lensky to win the.
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