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tv   Business - News  Deutsche Welle  January 20, 2023 2:45pm-3:01pm CET

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on pastures can make their neat more environmentally friendly. this is dw business. i'm janelle de malott on welcome. it's the final day of the world economic forums, annual gathering in davos, switzerland, where the world's elite gather to try to discuss the world's thorn. yes. issues from the wash russian war and ukraine to the climate crisis. it's been a week of speeches, deal making and agenda, pushing amid wider criticism of the forums. exclusivity and excess at a time of economic hardships for many now our correspondent christy plaids and was there for all of it. and earlier i asked her what stood out to her the most from this week. but politicians speaking this week talked a lot about ukraine. we also heard from president's lensky himself, but the conversations here on the ground were quite different now. last doubles took place in may just a few months after the war in ukraine broke out. and that was a major topic on last year's agenda. it certainly was a major topic this year,
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but to a much lesser degree, it's been almost a year since the brought the war broke out in ukraine. and there are other global issues that are crying out for attention. and there are philanthropists and jose here doing that, shouting for them, i'm talking about cost of living crises, food crises, the debt servicing crises and poor nations. so that's definitely one thing that stood out. we've also seen a much smaller attendance from crypto and tech companies. this year that really affects reflects developments we've seen in those markets in the last 6 months with higher interest rates. we've seen a lot of money fleeing that space. and we're certainly seeing that in the lower attendance, lower presence from tech crypto this time around. so christy, you've alluded to it somewhat, but this is obviously a glittering gathering. the world's top economic and political lead. this gathering is taking place at a time of the cost of living crisis, as he said, and recession fears that not sort of play into the agenda in any sort of productive way. yet, right now we're going into this week. we saw
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a survey out from the world economic form of top economists and over to around 2 thirds of them. so they do predict a global recession in 2023. so quite pessimistic views. we're seeing a lot of different elements weighing on the global economy, higher interest rates that i mentioned also high commodity prices, other elements as well. we also saw quite depressing growth figures out of china this week. but that being said, we also there was a lot of chatter on the ground about china listening, it's 0 coven policy, and what that could effect that could have for the global economy. we want economist i spoke to said it's not just about selling to china. it's about selling through china and the 0 covered policy had really done a lot to damage to supply chains. so as the week went on, we did start seeing more optimism around how these global costs of living crises might turn around, a little bit more optimism looking at the global economy as a whole. so the world economic forum is still making the case for globalization. there, but just generally, what do you think the future of the world economic forum is? it's been bleeding heavy weight just for years. there's no joe biden. no,
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she's been paying a lot shot. so the only g 7 liter there. what do you think? right. i mean, this is a conversation that gets going every year about the votes, and as you said, it's quite striking that there was only one g 7 liter here with the sort of gloomy economic environment we're seeing right now. certainly a lot of these leaders did not want to be seen up here in the abs, rubbing elbows with the rich and powerful, but that being said, the people you'll talk to on the ground will say there is no other environment like doubles in terms of networking you can grab a coffee with prime minister with a business leader with a philanthropist trying to push for example, for l g, b t q writes or for food security development. so on that level, the people here say that it's still useful. so there at least pushing for it to go ahead. thank you very much, christie plaids, and they're in davos for a safe travels home. now to some of the other global business stories making
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news, google has lost its fight in india supreme court to block an antitrust order back in october. the competition commission of india find alphabet own google $161000000000.00. this, the c, c i rule that google had exploited its dominant position and android, which powers 97 percent of smartphones in india. the commission ordered google to change restrictions imposed on smartphone makers related to pre installing apps. look to pounds. inflation rate has a jump to a fresh, a 41 year high as businesses pass on higher costs to their customers. cor consumer prices for last month rose by 4 percent year on year that was doubled the bank of japan's target rate and increases pressure on the central bank to put up its interest rates to help ease the rising cost of living. chinese technology company, d. d. globals. domestic ride hailing app has returned to china's apple app store earlier in the week and also returned some android app stores. d. d has been
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waiting approval to resume new user registrations and downloads of its 25 band apps . and china, d, d, f l, a fall of chinese regulatory authorities and mid 2021. u. s. streaming service. netflix has announced that co founder read hastings will step down a c o, ending a 25 year stint at the helm. hastings tenure saw the company grow from a rent by mail dvd service to a digital entertainment giant. netflix ended last year with more than 230000000 global subscribers, beating analysts expectations. procter and gamble the company behind household goods like to let pampers and tide detergent is seeing a fall off in shoppers buying their products. the u. s. joint earn $3900000000.00 in the 4th quarter. that's down 7 percent on a year earlier. p and g is now offering lower price versions of its products to keep price sensitive shoppers on board. more than 18 percent of south koreans work to more than 50 hours a week in the world's a 10th largest economy in 2021. according to unpublished data,
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from the organization for economic cooperation and development, the south korean government is set to announce a labor reform bill next month, which it hopes that will give some flexibility to its workforce. but not many are convinced that their work life balance will change for the better. what's on the lunch menu for office workers in sol, typically 40 winks at a net cafe, where overworked office staff can have a rest. so she'll, as i look it up now, i usually take a nap during lunch time. i can't get enough sleep on as i need to take care of my work relationship and personal life is all. so i take this time to sleep. timely target is the 33 year old desk jockey, come see a nearly every day to try to catch up on sleep. many of us do the same in a society where overtime is an epidemic. the government is introducing a new labor bill, which will allow workers to choose how much of a time work they can take on a weekly, monthly, or even
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a yearly basis. a departure from the 52 hour workweek enacted in 2018. the government says that with more labor flexibility, workers will end up working less in the end. but it also means that people can work up to 69 hours in one week every month. toner and i have no choice but to quit my job where i worked for more than 14 years because i have to take care of my son. and now i'm focusing on raising my child. however, if the government continues its policy of increasing working hours in the future, i can't even dream of having a 2nd child at all. and that's the crux of it. long working hours mean falling birthrights, leading to aging population, which in turn means a shrinking workforce. so i think it's very important to reform the system of long working hours to solve the low birth rate problem. working long hours gives unmarried people a very tiring life, which eventually leads them to avoiding marriage. county south korea's working age
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population peaked at 38000000 in 2019 and is set to drop by more than 9000000. by 2040 the captain it lie slender women's soccer team. sarah, their corners to tear has won a landmark maternity pay ruling against her former football club. leon, according to the player she had stopped receiving payments from the club during part of her pregnancy. football's governing body is on her side. a wake up call for all clubs. that's how sarah goodness, don't tear. describe the ruling. the mid feelers, former club, and in picky unit will have to pay gonna start here. $82000.00 euros plus interest to recoup an underpayment during her pregnancy. that's according to a ruling by a fee for tribunal. 5th pro, the soccer players union representing her and the case said the ruling since a clear message to clubs and football players worldwide. and now you
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choose the b e r y, and will it be easy? of course, right? that at least you have a legal basis where, where they have some projects. players have been entitled to 14 weeks of maternity leave at 2 thirds pay since the beginning of 2021. but union se, the decision to enforce the measure as a 1st since the rule came into effect. fifo has warned that y'all has 45 days to settle the debt or face the transfer ban. even though gonna start here as a to time champion sleek winner. this may be your biggest victory yet. the contribution of cattle farming to global warming is well documented. part of the problem is the large areas of forest that are cleared each year to grow feed for the cows, while many farmers in some regions are finding drought. others are trying to use the remaining land for a different kind of meet production. but in alliance of farmers in south america says it's alternative farming method can make the industry more environmentally
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friendly a juicy cut of meat. but this is not just any stick. it is argentinian beef, but it comes from a cow that's been roaming free and grassy pastures. i like most cows in the south american country that a bond race and fit with soy and corn. going back to pasture culture can help tackle the climate crisis and produce a tasty product in bonus iris. what legal sierra serves it at his restaurant in britain mckuddle, i got it's expensive for sure. but i believe in quality and individual results by the former. these cuts have less muscular fat than a strong rich flavor. you know, i want to give them a what a bit legal the cut comes from hen alice harris, a 100 kilometers from when as alice. this is where fernando yankee re cultivates his pastors to feed the cows. he and over a 100 of his colleagues are members of the alliance of their pass. it's i,
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which has quite a history. the group was started 26 years ago. just as barn feeding began to overtake the meat industry and argentina remedial out of initially we were able to lower the cost of raising cows. and over the years we saw that not only did we grow more grass and half more meat, but there are farming also helped plant variety. it helped the ground retain water and we saw more life in our soil. now, when, as for a lot, bianchi was able to restore his pastures by moving the animals to different parts twice a day. and by planting grass and other plants asked natural fertilizer. as for the cows, moving around all day affected their muscles, the meat became more nutritious. with a higher content of protein and less fat. it was richer in vitamins and had a better taste. sess bianchi slightly. gondola industrial farming and feeding has
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destroyed the quality that argentinean beef was to be known for. it was a specialty. it came from cows being fed with grass, which is spectacular garden at the back door. it about boy is epic. the glad customers and argentina and abroad have caught on buying b from pasteurized cows, forced tastes and quality, and for its smaller environmental impact. thanks for watching. ah, yoga. ah, [000:00:00;00]
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with ah, people and trucks injured when trying to flee the city center. more and more refugees are being turned away. order families, please. all that is the reason for these credit on a demonstrated people fleeing extreme ross getting 200 people from june around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee make up your own
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mind. d. w. made for mines. ah, a lender contrast of ambition. inequality. 75 years ago, mahatma gandhi peacefully led the country to independence by deals with what has remained of his vision with. what's the status of human rights and social justice in what's called the world's largest democracy with
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is the moment unleash on violet boss. and re imagine these teachings for relevance to us. ah, gandhi's legacy starts january 28th on p. w. ah ah. the w news live from berlin will germany give the green light to sent its tanks to ukraine cave and its western partners are pressuring berlin to do that. at a meeting of defense ministers here in germany. and the country's new defense

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