tv Business - News Deutsche Welle January 26, 2023 11:15am-11:31am CET
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here watching dw news, a quick reminder of the top story. ukraine says that russia has launched a wave of missile and drone attacks across the country, forcing people to seek safety and bomb shelters. it comes the day after germany and the u. s. pledge to send modern battle tags to ukraine. is this news after the break to see with us if you can for that in the meantime, i'm sarah kelly in berlin. there's always more of the website, d, w dot com. you can also follow us on social media. thank you so much for watching. take care. with john jan doris to searches for the truth again. at this
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time at the exile to turkish journalist meets svetlana itsyana sky exiled leader of the opposition in bella. luce, of course, i'm tied and tied physically untied, morally, is too much on my shoulders, but i have to hold this weight because i'm responsible for the future. follow a contract for the people who are behind the boss. guardians of truth starts february 18th on d. w. ah, ah, facebook parent, mazda 9th, and they will reinstate the kinds of former us president donald from after a 2 year band. the move has pump the thumb to off whether social media platforms are shifting gear when it comes to balancing a free speech with the public to also coming up india,
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pakistan on goal smuggling. with another proposals, a constant import duties on the pick list ring, come on the safe and we'll take you to the us state of nevada, whether braced and mine, lithium has a convicted legal battle between indigenous people and the federal government. this is dw business. i'm head ferguson. welcome, massa. the parent company of facebook and instagram says they will allow former us president donald trump, back on it's platforms following a 2 year ban. the company suspended trumps the kinds in the wake of the capital riot in 2021. but now says, quote, the public should be able to hear what the politicians are saying. the move would allow trump to communicate directly with his 34000000 followers and to resume direct fundraising on the site. critics accused the company of pushing profit over people's safety. now india is expected to slash the import
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duty on gold to undercut smugglers government backpedaling on an earlier policy. last year, india actually raised the import duties in an effort to bring down the deficit. the higher fees turned out to be a boost for black market operators. who smuggled golden from overseas? ansel, it for cash to avoid duties? the government, the hopes that causing import duties again comes in time to lift sales during the upcoming peak season. for gold, india is the world, the 2nd biggest consumer of the commodity. that for more in this we can talk to d, w correspondent tiro car to k in delhi charo. give us some context here. how big a problem is gold smuggling and india? well, it's a huge problem. good. oh, there's huge demand for golden. india is the world's 2nd largest consumer of gold after china, and are imports and most of, and, and very little of it is produced a domestically. so most of this demand is made through imports,
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imports keep rising every year, but so does smuggling tons and tons of gold. a smuggled gold is confiscated every year by the authorities in india by govern figure suggest that in 2021, 22 gold worth 5000000000 indian rupees was confiscated. now this was just the confiscated smuggle, smuggling at the 6 smuggling that succeeded could have been much, much higher. so government has been thinking of ways to counter the smuggling, but so far to very little success. kate. ok, so they've had very little success. well, best to fish and actually come up like anything where it remains to be seen. kate, it's easier said than done what the government is planning is that has been thinking that dan has been a baton whenever imports grew or go up, or smuggling also goes up. so governor has been thinking that if it slashes the him or duty then, or the bureau of retail prices of gold will come down and retail sales will improve . the thing is that does smugglers give huge discounts?
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so it's, it's a very beneficial proposal for those who indulge in the smuggling of gold. so it remains to be seen whether just slashing, import duty will bring down smuggling as well or not. interestingly, just about 6 months ago in july last year, government had significantly raised the import duty. so this is a kind of for you turn in policy that government appears to be taking. remember, these are only unconfirmed reports. government is yet to announce this. slash and import duty, kate and terry. you mentioned that most of the indians called is important, but could there sufficient half an impact on the domestic refineries that are operating in the country was certainly get if this decision is taken. ah, good refineries and banks are they've been asking for their decision in fact, for a long time, because the kind of fir discounts and the kind of cheap prices that smugglers offer . it is very difficult for refiners and our banks to match those offers. so they've
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been asking the government for a very long time to reduce the duty you to use the roughly at on 18 to 19 percent at this point of time, which is very high and which significantly takes the price of gold upwards just duties ago. gold hit an all time high air gold prices hit an all time high in india and are, but refiners and banks have been asking for a very long time for the reduction in this import duty. so it remains to be seen whether this is actually done or not, but yet, refiners would certainly be happy if that has done kit, or i terrified call. thank you so much. it's to lebanon now where are farther plunge, and the country's currency has prompted protests on the streets of favorites. lebanese households have been suffering through one of the harshest economic downturns in recent history. many people say they simply cannot take more pain. the anger outside lebanon's central bank is palpable demonstrators, bern, tires, hurl rocks, and call for financial reform. that's largely due to the fact that the lebanese
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pound has lost more than 90 percent of its value since 2019. 0 for, for this used to buy a kilo of meat for me and my kids. now it doesn't get me chewing gum. our kids are hungry, we're hungry. drop the dolo, we want to live, have mercy on us. no, no, i will protest. the little is being done to mitigate the economic disaster. no, jane and i, we've come out to tell lebanon central bank chief, that they are mistaken policies of. let us hear that someone should be held to account. they should work to return the strength of the lebanese pound to what it was, and returned the country and its finances to what they should be better than that he had midway. eliza mccool, one of those gathered here, have a few proposals restructure banks, implement capital controls and reform bank secrecy laws. a similar scene is playing out in iraq, rockies protest in front of the central bank,
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asking the government to intervene and the decline of the dinar. the currency dived after the new york federal reserve imposed tighter controls on international dollar transactions resulting and increase prices for imported commercial goods. but demonstrations here seem to have made some impact. iraq's prime minister replaced the central banks governor siding, his inaction back in lebanon. the governor of the central bank rashad solomon remains in his post. this is despite being accused of laundering public money to europe. and the country has yet to reach a bail out agreement with the i m f. a consequence of a government with a divided parliament, adding fuel to a growing fire. now to some of the other global business stories making news, german software giant s a p is to cut 3000 jobs up the 2 and a half percent of the company's global workforce. it says it wants to cut costs to
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focus on its cloud business and is considering selling its remaining stake in us software maker qualtrics. it follows math layoffs at google, microsoft, amazon. and in stark contrast, germany's economy minister, robert ha back says nearly 2000000 jobs need to be filled in the country. that figure is significantly higher than the 800 fives and vacancies released by the federal statistical office. the government says it wants to change laws to address address the lack of workers. british annual car production has dropped to the lowest level since 1956. now, due to global shortages of semiconductors, which have limited capacity to make cars at home. you case, biggest foreign owned auto manufacturers made 277-5000 vehicles in 2021. that was 41 percent less than the previous year. electric car maker
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tesla made a record $3700000000.00 profit in the 4th quarter after price reduction on some model for its demand. the company is hoping to build 2000000 cars this year as it seeks to keep up with a strong competition from china. now it's the united states where the government is in the middle of an ambitious push towards the green energy. a key part of the plan involves switching to electric mobility. but the lithium needed for evie batteries is still in short supply. at present, there's only one are pricing mine in the country and plans for new operations ad factor path, and your state of nevada has ignited a legal battle between indigenous people and the federal government. our reporter, stefan see, month visited the potential fight. ah, believe it or not, this is the only major operational with your mind in the united states. the silver
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peak mine in nevada, silver peak is a so called groin. mine, lithium is drawn and extracted from brian that is in the ground water. the process involves a network of $22.00 pumps, running 21 square miles and takes 18 to 24 months at the end of this lithium or white goals. as they want to get up to you, you know, between upwards of, of a 1000 metric tons, an annual production. $8000.00 metric tons of lithium per year. su, sounds like a lot. it is not. in fact, it will be less than what was the demand for lithium in the u. s. 3 years ago in 2020 air go. the us as a lithium problem, just about 50 miles from the about us northern border with oregon psychopaths is supposed to be the future side of a massive lithium, open pit mine and process facility spending. at least 8000 acres or 7300 hector's is believed to hold the largest this im deposit in the united states. not
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only do we need this project for national security purposes, but we need it for the environment. so we're, we're committed to doing it right, we're moving forward with preparing for construction. however, 2nd purse is not only the traditional homeland but also sacred ground for the indigenous vases of the war. she shook paiute and decision at least 2 tribes by the lawsuit that ends of the project and appears completely that the people know that mining does it also just bring jobs, but it also brings annihilation to homelands and will, will annihilate indigenous peoples way of life. there are also none indigenous people who have concerns about lithium mining attack a pass queue mex wilbert, for him, a member of deep green resistance, an environmental group that some brand as radical. the idea of mining and take
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a pass is fundamentally wrong, no matter what. going up, the mountain isn't green and blowing up a sacred site isn't right. there's nothing more to it. ah, here is where different worlds. few scotland court decisions about the pending lawsuit against the mining project is expected to be issued soon. and i remind her of the top business story we're following for you, this our mazda parent company, a facebook and instagram says that will allow former us president donald trump, back on its platforms, after a 2 year bond in the wake of the capital riots, the move would allow trump to communicate directly with his 34000000 followers and
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access the fundraising on the site. chris exceed mazda is pushing profits over at people, the safety, and that wraps up our show for more. you can always check as d, w dot com slash business for also on the to jump in, use youtube channel to find us there. can you can, for me on the entire team. it's a by taking ah, farmer's and upon job region have 2 opposite problems. groundwater levels that are far too low for brown water that's far too high. increasing salt levels in the soil . good trim forming be the solution. would we are green. i already exist,
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