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tv   Business - News  Deutsche Welle  December 16, 2022 4:15am-4:31am CET

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ah ito, it's meeting in brussels, have agreed on eating 1000000000 your rules and fresh aid for ukraine. they have also drawn up the 9th round of sanctions against moscow. he wasn't, the doctor knew was life from berlin, c h u and for business use control plots and more on the lead, the small from europe and central bank members as much money was for you on our website at c dot com. and you can find us on twitter or instagram on handy for that . if at the top, you know, massage as far as tanks for being with ah, people and trucks injured when trying to flee the city center more and more refugees are being turned away at the border. families playing phone tags in syria to these credit owners with screened
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off getting 200 people with around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines ah ah, where the fed goes, the e c b follows. the european central bank has joined its american counterpart in hiking interest rates by off a percentage point. but the economic pictures either side of the atlantic for they are very different estonian families are living with the steepest price rises in
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europe. we'll look at how they're adapting to inflation of over 20 percent. and the left over from a major global event talk to will become of cut us stadium after some days will come find is, is day to we business on robots in berlin. welcome to the program. another jump in your is own interest rates. the european central bank has raised them by another half a percentage point in its own going fight with inflation. in the double figures, the hike is smaller than the last increase, but it's unlikely to be the last e. c b says it's playing the long. okay. the european central bank on thursday raised is key interest rates once more. lee, this remain determined to call the red hot inflation across the euro's on the cb hiked it's main interest rate by 0.5 percent to the level of 2.5 percent. you see,
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be chief, krista le got signal more high x could be on to way if price rises don't start to level off. in particular, we judge that interest rates. we still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to our 2 percent medium term target. in the f o m c. the eurozone is not alone. in the united states, the federal reserve rates it's benchmark interest rate by another half a point you pro, pushing the banks key rate to arrange a 4 and a quarter to 4 and a half percent, which is the highest level in 15 years. meanwhile, the bank of england also rates as rates by a half percentage point. it's the banks, 9th consecutive hike as the u. k. battles, not only inflation, but also a cost of living crisis. as legard points out, the cbs goal is 2 percent inflation. but that object is flying in the face of
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rising costs that are squeezing europeans harder by the day. the war against inflation is looking to be long and painful services and now digesting rates high by both the ac v and the fed. let's cross to our wall street corresponded, yen caught a yen 24 hours ago. you told me that wall street with needs to sleep on yesterday's fed decision. 24 hours later i was the verdict. well i'm not so sure if firm investors will have a good night sleep tonight because we did see some pretty steep a losses. so blue chips down by a more than $760.00 point. so down a good 2 percent and the combination that we're seeing right now is not really ideal and not in europe, and definitely also not here in the united states. so interest rates are on the rise. they will continue to go higher at the same time,
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we already see signs that the economy is losing and steam, or we got to, for example, the latest figures on retail sales here in the united states. so they dropped double what analysts said, estimated, we also got weaker figures from the manufacturing index. so all of that at least point to where possible recession, while, as i said at the same time interest rates are going up as to the federal reserve and the c, b, they have made similar, visible or identical. amazingly, the last couple of months when it comes to interest rates, but are they actually facing the same challenges? well, i mean, if you had talk about inflation and that's what it's all about, right? so, and there are some differences between europe and the united states. so basically in the u. s, it's labor, so vegas are increasing and in europe it's mostly energy risk, the war in the ukraine and the measures against russia. so that is one of the big differences there. also some similarities. one of the things that i
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see is a lot of companies are seeing a cost pressure and what they do, they increase prices. but in some cases, a prices in my opinion are going much higher than a justified. and that's also adding, for example, that food prices are on the rise, and that is true in europe and in the united states, and indeed, against caught a new york forest. thank you very much. staying on that in estonia, household sa, struggling with a full blown cost of living crisis. inflation in the european country has hit 20 percent, with many estonians, struggling to pay their bills. and families are having to adapt to a different way of life. making omelets as a family activity for the tins in the past. they would also order in but hard times . mean they can't do that any more asked melana who for breakfast?
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we need a box of 10 eggs for the whole family does not look at them. prices are up significantly on the live prices in estonia, have put drupal and wages here are considerably lower than in other parts of europe, such as germany. marya works half time at the university and helene. she earns $850.00 euros a month. her husband, as a freelance photographer, he raised his fees and the fall to make ends meet middle fema. lisa bought her for her. so i just watched the money disappear. you work, but there's nothing lent are all. that's why i had to raise the fees, you know, the cinder, electricity, and heating bills take a big chunk out of the budget than i was in the my mazama. it wouldn't be right to protest our government to your blame and employer what they want to run across them . 7 of the problems are complex to blaming, and i am in it as russia trinket the energy crisis. when i can browse the net, a,
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b hooton's government is using energy as a weapon, but a lawana ah, it's now winter in the estonian capital of tell, in the coming months will be cold and dark. every one is affected by record inflation off more than 20 per cent. but not every one is managing to get by on their own. the city is helping thousands of ukraine refugees ant locals alike. requests for support, half quadrupled in recent months. daily that we haven't seen such a rise since the 2008 financial crisis. the elderly and pensioners are especially affected dresser. that's what the latest numbers show. most single pensioners are living in relative poverty in arm will set you sick with bent. those living on a measly pension, often come here to tell in seen yourself help association. that building fills up at and every day because people can buy cheap food here for just
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a few cents. it ne ain't got done. i'm always looking for special they, i would manage if i had to pay the full price of the face in the sea, say deluxe lilia molina that got my st. hats and scarves to the ukrainians. brainless, deny it, didn't damage we in estonia. know how bad it is there began it's also our rule, but we draw the deal with inflation than bombs or mac. it's a perspective that many historians chair. there's hardly any protests, although not everyone can count on getting help. pension us received a one time payment, and families with children get a subsidy, and everyone else just has to get by now to some of the other global business stories making the news. the us treasury department has announced new sanctions on one of russia's richest men vladimir potent and an russian commercial bank. ross bank are further measures against more than 40 people linked to the russian
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financial sector as well. the u has also agreed to new russia sanctions. twitter suspended an account that tracked its owner ellen musk private jet in real time. it almost said legal action against the accounts operator would be taken. musk tweeter that any account that reveals real time location information will be suspended and a ship that will serve as one of germany's floating liquefied natural gas terminals has arrived off the country's coast. the herd esperanza is the 2nd to arrive. spill in seeks to end its reliance on russian energy is speeded up a process that normally takes years into months as the most expensive and controversial welcome in history reaches its final stage. it's still unclear what will happen to much of the $200000000000.00 worth of infrastructure built for it. and our next report will look at the possible fate of stadium 97 for
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a temporary arena, made entirely shipping containers. also in this ancient arab board game, it's all about strategy mohammed as slight. he loves playing darma. he says the game helps keep his mind sharp. now his playing with foreign football fans, teaching them the rules while bringing them closer to carry culture. woke up visitors aren't just expected to leave with memories of football here, but also elements of good terry culture. and have been miss villain and it's very important for us to keep our culture alive hopeful. and we're using the world cup as an opportunity to share our cultural heritage and our perspectives with a whole world rock go. la papa of mumbled. and i looked at our cut, i was also planning to give the world a whole new stadium, stadium, $974.00, made up of $974.00 recycled shipping containers. it will be dismantled out of the world cup to be shipped and rebuilt. in another country,
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uruguay is interested in once points for sustainability for its 2030 world cup bid . climate activists aren't impressed. it's an interesting idea, in theory, in practice, there are very few details on what's actually gonna happen to the stadium if you don't transport it or you're transported super far, and then you just use it once is actually worse for the climate than if you had built to stadiums in those 2 different countries, some experts consider the world cup a milestone when it comes to footballs. transformation never have so many people from the arable visited the event. and rarely had there been so few european fans after all, never before, while flights and hotels as expensive as this year. the most popular form of popular entertainment accessible to the masses to one that is geared towards it . leach, just look at the pricing. the world cup in katara may have been the most controversial one ever still carries hope that fans will take something good home with them even
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if it's just the damn or rules. so i give you a reminder, the top business story we're following for you, this our, the european central bank as liked your, as an interest rates. again, this time i know point 5 percentage points paso from the business team. hamlin from overhead over to d t, v. dot com slash business all the data way in years youtube channel, where us on facebook as well as state of utah business. if you want us to next time, i can think is the end of the pandemic in site. we show what it could look like. will return in the normal and we visit those who are finding it difficult.
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he keeps his successes at noon in a weekly coven, i special ah. on d w. ah, it might seem easy. but how much can we do smoking? multitasking is a modern because if we do too much at once, we get it all wrong, risking brain damage. so let's stop the self sabotage. in 45 minutes on d, w o. hello guys. this is the 77 percent. the platform for
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africa, the faith issues and share ideas. ah, you know, or this channel, we are not afraid to happen. delicate. the topic, africa population is growing fast. and young people clearly have the solution. the future belongs to the 77 percent every weekend on d. w. ah ah, reports on physical violence and abuse can be hard to bear, yet a vital in shedding lights on the phenomenon. violence against women increased world wide. during the pandemic, one country where the incidents rose.

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