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tv   Business - News  Deutsche Welle  January 25, 2023 11:15am-11:31am CET

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came within a whisker of pulling off a giant upset against leaders, buyer cologne, took an early lead, which they held until the dying minutes. that was when you're to, while timos stole the show, his long range strike allowed byron to snatch a draw in spectacular fashion. a contender for goal of the season? well, that's all for me. a surprising uptake in business sentiment in germany. that's coming up next with my colleague, kate ferguson. i'm sarah kelly and berlin. thanks for watching. ah. a lot of contrasts of ambitions inequality. 75 years ago, my gandhi peacefully led the country to independence,
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full of ideals. what is remained of his vision? what's the status of human rights and social justice in what's called the world's largest democracy? we received it. this is the pulpit tour unleash on violet bass. and rick, imagine these teachings for relevance to. gandhi's legacy starts january 28th on b, w. ah . reason for optimism, germany's clothing was fitness, climate index suggest companies are seeing an improvement in their prospect. we ask why the better moods the life are back on power has returned to pakistan after a national left more than 200000000 people without electricity. we asked what's
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going on the same problem with different place in south africa. black i was, i was part of daily life. this is the w business. i'm paid ferguson, thanks for joining me. german business leader as our beginning, the year on an optimistic knows, according to the lation survey from the eco research institute. ceos in the manufacturing sector are expecting to see an increase in i've put in the month to come to fight continued concerns over the war and ukraine on further interest rate hikes. figures follow other indicators of a more upbeat mood among german businesses. come a week after german chancellor, all i felt that he was caught, absolutely convinced that germany would not fall into a recession this year. and for more than this week and talked to clement served, he's the president of the eco institute. clemens lovely to have you that can you
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tell me how to interpret these latest figures wired from business was feeling better? the main reason is clearly that the likelihood of a gas rationing scenario is very low. now because we've had a very mild winter flow gas storage, so there are n d tunnels coming on. so that was the one very important risk for the economy and this is off the table now, at least for this width on next when the comes to be critical. but for this, when we are out of the woods in that regard, what we also see is a slightly easing inflation pressure even beyond the improvements with supply bottlenecks. so a number of positive factors also, the government gas price break takes away some uncertainty for consumers and like both of regarding energy costs. so this also contributes to
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a reduction in uncertainty. we see these factors contribute to these positive numbers. ok, so some reason for optimism, but it really wasn't long ago that the i m f with predicting that half of the e. u was going to fall into a recession this year. no german chancellor, all assaults us. he's absolutely sure that germany isn't going to enter recession. why the mixed messages? well, we have been seeing better those coming in approximately since october. so the for index, for instance, has been increasing since october. and we have been saying for some time that the risk of recession is declining. politicians tend to be optimistic about this statement by tom, such as just reflects the improved data also the business climate. the next data for me, for that has been coming in for some time, suggesting that the situation may be better. now what we will see next year is
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roughly stagnation in germany, so it's no positive growth. so no reason for excessive optimism, but the very negative scenarios we were discussing in the autumn, the scenarios are now off the table and it's not a good news necessarily across all sectors either. is it what about construction? what's the look there? yes, construction is the one sec though, where we don't see significant improvements. and that's because we have rising cost of construction. we have seen that for some time materials like getting more expensive wages arising. so we have growing costs in this area and at the same time we have rising interest rates and a lot of construction is finance with depth. and the impact of these rising interest rates is very strong. a lot of people are stopping construction projects because they're saying the costs are too high at the same time we have increasing
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tendencies to regulate rems, and we have increasing discussions about rent caps, and that also makes investment less interesting. all right, time and fair. thank you so much. thank you. now to some of the other tele business stories making news. all passenger flights in and out of berlin's international airport have been canceled. our staff said a one day strike for higher pay. airport authorities are advising the 35000 effected travelers to contact their airlines to re book their flight. unions are calling for a $500.00 euro a month, pay increase. the u. s. justice department is suing google for its dominant of the online advertising. marcus, accusing the attack of giant, of using on lawful mean to eliminate competition. the move is part of the government push to rein in the power of big tech,
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which has enjoyed rapid growth over the past decade. now power has returned to most cities across pakistan after a nationwide breakdown left the country of 220000000 people without alex twisty at the beginning of this week. train for my care lot more had come to a di cell with internet, mobile phone services and 80. and also i, action markets are becoming increasingly common in python, where small failures can lead to cascading effect through the nation to terrorism power grid. the lease is out, it comes out a difficult time with the economy already facing pressure from inflation and dwindling foreign exchange reserves. here's what the pakistani energy minister had to say about the situation. good. the see gun is armor. we've learned our lessons that we need to invest in the distribution system, which i will report to the prime minister after some time. barbara doesn't go right
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out with the power is fully restored. i like that. we are vigilant and making sure that such incidents do not occur again. and we have to make investments in laying the lions as well as their safety. as i walked into our loved about, i know and to talk more about this, i'm joined by i report at ward i in one word i thank you so much for coming on. you've been to pakistan recently where parish is really half and quite often how do people deal with them? well, i was actually in pakistan in november, that was quite reason and we have what we call load shedding, which is basically scheduled power card. so you're kind of half a prepared for them. so i've faced a lot of them when i was back home. but rare are these kind of like nationwide or what 24 hour outages my family was actually struggling quite a lot. i couldn't get in touch with them for so long. so many of my friends who work, remote, or from phone, from home, had to struggle to go from house to house, looking for a back up power generators. we all have some of them,
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some of energy like electricity stored for times like this. but actually this kind of 24 hours when really throw you off, especially the starter for work week on a monday. and in the january of the new year that says it was quite difficult for everyone back home. absolutely, the scale was just breathtaking, wasn't it now at the infrastructure in pakistan, and when it comes to power is really crumbling. why is it in such bad shape? the system embarks on the electricity grid is actually quite inch. and it's very old. there's a running joke that we have that if you look at the skyline of karachi, you're bound to see these electricity wires hanging everywhere. it seems that there's like a lack of investment in this industry. there's so much political and economic upheaval. there's always this kind of where should we invest and who should we invest in? but this kind of outage, i hope that it has shown to the government that investment needs to be made in the transmission of energy as we've seen or the energy crisis, things can go up and down so fast and having your economy and your people be
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without electricity for 24 hours. that's so damaging for, for example, in industry, the textile mills industry, the reported that they may have estimated losses of over 70 bill, me $70000000.00. and that's, that's a lot of, that's a lot of money. it is such a huge impact and we did just hear the energy minister. there are things that he would be investing more, but the government in pakistan has a lot of other economic issues on his plate right now doesn't tell me a little bit about them. i mean, so after the floods of summer 2022 things have just been going downhill. the i m f . review is also pending. that's something that's really high on the government's agenda is to achieve this because a lot of analysts say that might solve a lot of the problems that we have right now. now some of the requirements of the i m f is put through is to remove as to impose more taxes and remove some of the subsidies. that means things will become more and more expensive for the people of box and including electricity and energy prices. and if you like this kind of economic, this is such an economically difficult time for the country. priority need priorities
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need to be set street. so if this at this outage or start us anything, it's that it's important to look at different industries and it's important to look at how the economy of the whole country is functioning. and it's also very important to look at energy transmission and see where we go from there. absolutely . when it run, thank you so much for coming up. thank you. and pakistan isn't the only country suffering from power problems? south africa has been grappling with an energy crisis for years now. aging coal fired plants are a major problem with state owned energy from asked common, barely able to afford to buy diesel for emergency generators. for an ordinary people, blackouts are now just part of daily life. the machines are still running at typical kudos. furniture workshop in johannesburg, but soon the electricity will be turned off. it's called load shedding a form of energy rationing because the country can't make enough. it's lead to frustration everywhere that has dorothy, ah, it to put it in business terms,
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admins, loss of income, less loss of revenue. and it affects my profitability in a hugely, to day the power has gone out 3 times. each time for 2 and a half hours, hulu can still run his smaller appliances of a generator, but the larger machines are down. now he and his team after work at night, and on the weekend whenever there's enough juice. but that makes production more expensive and his customers aren't happy wanted that to explain to them. okay, fine. the cost of and i'll become immaculate and it's beyond what me and you had actually just to make your product alone. i'm suffering a 30 percent loss. it's not that big. we had an agreement, it's hard for cooler to deliver his products on time and even to pay his employees . lot, shedding has become a massive problem for the south african economy at home. however,
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many have gotten used to it and learned to manage the daily blackouts, like the cook normal family. they know what to do, keep the most important devices charged at all times. an app keeps them informed about when the grids turned off. today no changing 3 times one at 2 in the morning been 10 and again now it's 6 o'clock until office even. that's what we rely on to say. this is the stage. these are the outages and they're pretty accurate for cooking this switch to gas. sometimes they even had to rely on a little camping stove. the fridge and freezer can handle 2 to 3 hours of being turned off. extremely important though, is enough light, no matter how demit is. make sure that you have your illuminate illumination sorted out 1st because it does affect the spirit. so everything goes dark for a moment when the lord shedding begins. but soon after solar charged lights go on,
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you and the family carries on. the good side is that i could spend significant time with the kids. we bond, i get to see them live in, we're more present now that there's no screen there playing board games instead of watching tv. at least that's a good way to handle what is otherwise a serious crisis for the country. all that stuff i show from where you can always check i d, w dot com slash is asked for on the date of the new youtube channel as well. i mean the team, it's the by and pick up the scotts are asking themselves to leave or not to leave, leave the u. k. that is my briggs, it, the question of independence is dividing the country ah, the economy crisis is hitting many hard and those affected hold the government in
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london responsible. we take a look at the scottish question kluso next d w. we've got some hot tips for your bucket list. romantic corners, chat hot spot for food, chairs and some great cultural memorials to mood. d, w, travel, off we go. ah, the union flags still flies over scotland, but for how much longer? struggling with the economic impact of rex it compounded by the energy crisis more and more. scotts are going through a difficult time.

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