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tv   Business - News  Deutsche Welle  February 18, 2023 4:15am-4:30am CET

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littering floats pulsating drums and lavish costumes. for we'll go ahead the remainder of our top story president polity. mister lensky has urged western partners to speed up arms deliveries to ukraine in a virtual address to the munich security conference. he said west and weapons with key to defeating what he called the russian goliath su, that's your news from now. we'll be back with a headlines at the top of the hour. stephen baxley has business offer breakup with . i am hi lana. see, i knew, sky media, i am running for president of the republic of beller road. that's only key. hello. hey, john done dar searches for the truth again. this time the exiled turkish journalist meets svetlana tihano, sky,
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exiled leader of the opposition and bella roost. i mean, of course i'm tired and tired. physically untied, morally is too much on my shoulders, but i have to hold this weight that goes, i'm responsible for the future of our country, for the people far behind the guardians of truth starts february 18th on d. w. ah, ah, i'm seeing busy in berlin. here's a look at our top stories. the international monetary fund opens the door to a tailor made funding package for ukraine. something keith has wanted for months. higher costs mean more and more people are turning to fixing their electronics. instead of replacing them with new ones or visit repair cafe in london. welcome to our show. ukraine is on the path to
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a fully fledged financial assistance package from the i m f. that's according to managing director chris lina. you're gather on friday. the music security conference together said ukraine would need more than $40000000000.00 of outside support this year alone. yeah, m f is still in a 4 month assessment period with ukraine talks about the funding amount could begin in the 2nd quarter. yeah, m f has twice provided emergency funding totaling 2700000000 dollars since russia in beta ukraine last year. here's what your gather said. and they pleased to say that your green face, shown strong performance under this 4th, monitored a program that pays the way for the funds to put in place a full fledged program for you agree? why is this important? because one, the financial needs a few green are significant. second, because a war economy requires sound fiscal policies,
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it requires strong governance and accountability. and this is where the firm, engaging with your green is a very significant factor as helping the central bank of your green, the ministry of finance, if you're green to function in this extraordinary type. my colleague richard walker conducted that interview with your give up. he sent us this assessment of the announcement. so no numbers, of course, from the i m f, yet on how big that package is going to be for ukraine. but certainly very important that the i m f has now given that green light important use for key a visit, tries to manage not just fighting russia on the front line, but also trying to sustain an economy trying to sustain payments to pensioners and all of the other basic services that it needs to try to keep going as this was
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drags on. richard walker there in unit. let's go over now to some of the other global business stories making headlines. europe's natural gas price has dropped below $50.00 euro's for the 1st time and nearly a year and a half things mainly to a milder than usual winter. the price is almost $1.00 7th of the record highs after russia invaded ukraine. western nations have waned themselves off russian gas with norway becoming europe's main supplier. deutscher bank is reducing its office footprint in frankfurt by 40 percent by 2024. as many others planned to do, a new survey says that half of germany's 40 blue chip companies have already or, or, or are planning to reduce their office space drastically. in an effort to adjust to mobile work of the trend started during the pandemic in seems to be sticking around . norwegian police have recovered $5800000.00 of crypto currency that was stolen by north korean hackers. last year. the u. s. linked the highest to the hacking group lazarus,
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which allegedly used as stolen funds to finance the pyongyang regime and it's nuclear weapons program. more signs on friday that the u. s. federal reserve will not slow its interest rate hikes as it battles, inflation in separate events. 2 fed officials, each indicated more hikes would probably be necessary. in december, the fed had had forecast a max rate of just over 5 percent for this year. futures, investors now put it at 5 and a half percent without we go over to teddy austro in new york. but teddy, looking at this last week, some of the things that we learned, sticky inflation, hire consumer spinning, lower jobless claims, everything that says that demand isn't falling. this economy doesn't seem to be doing what everyone wants it to do is it asks even, well, we're looking at a lot of unexpected data. inflation for example, is cooling. it's coming down though not as much as expected. and of course, we saw a retail sales through the roof consumer spending strong job market well by the
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hundreds of thousands more jobs ads the economy than expected. i think it's important that we start to parse through some of this data, right? so the job market, where are we seeing some of these jobs where we see a wage high ex, well, in the lower wage service sector. so we aren't necessarily seeing much of a contribution to inflation the consumer spending. well, this is not inflation adjusted data, meaning that people may not be going out necessarily and buying more and more things, but rather they're spending a lot more money on the same things. and of course, inflation and housing in food. this is really where we're seeing of americans wallets get hit, and we're gonna have to look at those sectors to make sure and see whether inflation indeed will be coming down ahead. so bit of a puzzling picture put together. how do investors respond to this? well, the market sees awesome declines yesterday. they aren't incredibly happy by what
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fed officials are saying indicating a continued hawkish path, if you will. a higher interest rates are for longer and pair that with the inflation date of the job market data. the markets aren't particularly happy and we saw in 2020 to wall street just got battered. and now in the beginning of this year, we did see somewhat of a recovery some ah, encouraging data. but now they have priced in about $25.00 basis point hike at the fed. if the fed does anything more than that, when we are likely to see some more damage ahead and of course the r word recession that is always at play. are we going to see a soft landing or indeed, with this apparently booming economy, a no recession at all, that is still up in the air for wall street and the rest of us are the austro in new york. thank you very much. well, some of germany's largest airports were deserted friday due to labor strikes,
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security and ground staff at 7 airports across the country were called to the one day action. the workers were demanding a $500.00 euro monthly pay increase to offset inflation. the airport association, 80 v said that almost 300000 passengers were effected. many of them had already changed their travel plans or took alternative transportation. as the strikes were called ahead of time. of the 7 airports, including frankfort and munich handle almost 2 thirds of the countries air passengers or a porter ashtosh pend it was at the frankfurt airport and sent us this support. the operator of the frankfurt international airport has called this strike excessive for airlines like lufthansa. the strike has a lot of financial implications, but it's the loss of reputation that there would be more what it about. but because speaking to passengers, i get a sense that they don't really know who is the one striking. all they know is that their airline has cancelled their flight and disrupted the plans. are at ashtosh
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condo there in frankfort, covering of strokes to nigeria now, which is gearing up for general elections next week, or the $93000000.00 voters will be going to the polls and many will make their decisions with the economy and mines just as weak the official statistics agency put inflation at almost 22 percent. nigerians are looking for relief. oh, chaos in the metropolis of la gauss, there's been no progress in traffic jams are still obvious everywhere. people are waiting for hours in front of gas stations. this is what we see every day and i asked to bring my children to school every day. and this is what happened. the military people that just blocked the way. what is happening? nigeria a little bit. i'm signed up a little bit federal of going to this every day district. it's just her a non you down on it is with you where everything you for be busy, look you what,
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where you feel for new night annoyed. so the traffic again coupled with the traffic in the island on a miller, so he is ready. thirty's better is better, but we are going through hell in the oil, rich country gas is scarce and expensive. there's also other shortages like water, my tricity, any in cash, long lines are forming in front of banks because many atems keep running out of cash. nigeria has been trying to change over old ny read notes into new ones for months. but lately, there's not enough of them by new tell daniel giving up that money that they don't have the cash. i mean the news. so it seems as if these early monday, the spending money. despite this current chaos, international companies have been setting up technology hubs in nigeria for years. they're looking to tap into a highly motivated, educated, and young population and exploit that potential. as a result,
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the international monetary fund has estimated the nigerian economy will grow by 3 percent this year. well, there's wear and tear and the option to repair. and in london, it's not hard to find a group of volunteers to do the latter for you. take a look and then would, after 5 years, rashid and cartoon splenda no longer works properly. but instead of throwing it away, she's looking for help from the experts at the fixing factory. the repair shop in the london se burrell of camden. fix it, instead of tossing it all free. german jones and his volunteers have declared war on climate damaging e waste. the u. k. as the world's 2nd largest producer of e waste, annually with an estimated $55.00 kilos per household per year. got to change is not sustainable, is destroying the planet. and it would be really, really simple,
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just to redesign things, so that a fixable, if to buy the parts or the things that are already made, just help us out. the repair shop is funded by donations and the support of the national climate fund, but it's the enthusiasm of the volunteers that keep it going. jamie jones was inspired by his daughter. yeah, i think they're a lot more am aware than her. probably my generation. i would say, and there are a lot more fun sort of things to the environment and trying to live more sustainably. not to mention repairing is easy on the wallet than buying you. rashid and bought a lender new for 100 pounds and the spare part from the internet. just cost for now that we're living in air prices, you know, it's very hard. it's 5 fad where everybody, you know, and inflation and climate crisis repair. shops are booming in the u. k. according to the fixing factory, their success rate is 90 percent. at least for rashid and her blend and now has the
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2nd life. yeah, thanks to the fixing factory. there you go. why throw it out when you can fix it? that's our show, find out more aligned, the w dot com slash business ross on youtube or the deed of the news channel. i'm seen beardsley, thanks for watching. a joy ride through fascinating worlds. into uncharted deb i, our guides know their way around in a strictly scientific trip to some pretty wacky places. curiosity is required to borrow today. next on d. w ah dazzling to rab again and
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we explain how these technologies work, how they can go in for a degree, but how they can also go terribly, watch it now on youtube. with their bodies a built for flight to date. that's all the only creatures with feathers, though they are descended from dinosaurs, a few of which had for this to. so birds were the 1st to use their feathers to fly, and they developed quite remarkable brains. find out how.

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