tv Business - News Deutsche Welle March 2, 2023 12:15am-12:30am CET
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least 30 people are dead after a passenger train collided to head on with a freight train late tuesday. police of arrested station master and the greet transportation official has to reside all we have coming up for coming up after a short break. a surprise rebound in the chinese manufacturing sector. pretty plots and has all the details in d. w business there until the new berlin. thanks for watching. ah. interest. the global economy. dominance. east. this is wes. debit head with the w business beyond them. what are sports, all a scoring?
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do we say they're about giving up sports like every weekend on d. w a . is china back in business? chinese manufacturing activity. it's a 10 year high. just a few months after coven restrictions are lifted it off to boost the global economy . we will go to wall street. also coming up plans for a deep sea port on georgia black sea coast have taken on a new importance since the war and ukraine. pulling the project together has not been easy and fancy a special drink. liquor producers in venezuela are hoping to interest drinkers in a rare liquor. welcome back to another w business. i'm christy plats,
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and coming to you from berlin, china's economy could finally be recovering from coven. 19 chinese factories are on the rebound, according to fresh data out, wednesday, reporting decade, high activity in february. the positive manufacturing figures have boosted global stock market. the superpower recently emerged from years of 0 cove. it locked down that disrupted supply chains all over the world. increased demand and china could push up inflation. analysts warned, but broadly, the figures show the country is on track for an economic recovery. well, for a global reaction, we go to wall street onions, quarter in new york yen china, obviously an important supply chain for the globe. how significant is this apparent turnaround there? oh, sure. i mean, china is the 2nd biggest economy on the planet, and it's not just important for the supply chain, but also as a market in itself. so it is clearly good news so that the 2nd biggest economy on
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the planet is coming back by the way. we had manufacturing data also here from the united states and there we saw a contraction for 4 consecutive months. so it will be side some, all the trade tensions and everything. this is well company, even if the stock market here in the us did not really react in such a big fashion, there was only a minimal uptake when it comes to the del jones industrial average of blue chips at last, a good 4 percent in february. so at least the beginning of all the new ones was slightly positive. now, yes, i'd like to ask you about a different domestic story in the u. s. the pharmaceutical giant there, eli lilly has said it will cut the price of insulin products by 70 percent. that's obviously an important medicine for people with diabetes. the high cost of medication has been a major issue in the u. s. for some time. what is this move about?
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so christie and it's also become a big political topic. i mean, more than 30000000 americans suffer with diabetes, sent a good to 7000000, highly depend on insulin. so now the step from eli lilly definitely is a well come new is some, even if i have to say it only applies the price to older insulin a product so not to a new ones and then also hi lily over the years. so for some insulin products actually has increased prices by more than 1000 percent, but there has been a lot of pressure from the white house there from congress in general. so it's definitely a ride step, but not all the problems are off the table. so as i mentioned, it's only it's only affecting older insulin, a product, and not newer car to thanks so much for that. now to have a look at some of the other global business stories making this tick tock has
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announced. they will introduce an automatic 60 minute daily time limit for all users under the age of 18. take talk and other social media platforms are facing increasing scrutiny over their impact on teens. but young users will still be able to turn off the default setting, which i'm sure they will, german export or say they're increasingly facing obstacles to international trade. a survey by the german chambers of industry and commerce shows that 56 percent of companies surveyed came across trade barriers in the past 12 months. sanctions top that list followed by local certifications and regulations or grocery stores across the united kingdom are running out of fruit and vegetables as the country faced as yet another shoed crisis. last year, a shortage of truck drivers led to empty shelves that now british farmers are struggling with high energy prices. bad weather in northern africa and southern europe are also disrupting supplies. take a look. not much here, empty boxes,
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a handful of tomatoes, a few cucumbers enough to make a salad, but certainly not enough for all the salads. people in this london neighbourhood wanted to make stores half put, buying limits on fresh groceries. it's a problem for families and for restaurants, the shortage, it makes us to change from the model based to wide based sources. because what can we, the, we, we often make a profit. while that, whether in spain and morocco has affected their salad exports, u. k, farmers are not able to make up for the shortfall. that's because of high energy prices and traditionally low food prices that cut their margins. we were talking about this the song last year and i think nothing was being heard very much. assigning because now you're st. empty shows that i'm yeah, we're talking about again, even worse, there is no end in sight. more shortages are expected. apple farmers have not been
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buying plants and planting more orchards. so there will be a shortage of action plant because they can't afford to, they're not getting the price empty shelf. so something brits may have to get used to or we spoke before about supply chain problems and transforming those supply chain certainly takes time. just ask companies trying to move goods between europe and china over the past year. the overland route, known as the northern quarter, is problematic. it's dependent on rail and runs from germany through poland, belarus, russia, and cassock, san all the way to china. but ever since russia invaded ukraine concerns had been growing that the route is no longer secure. as a result, europe's attention is increasingly turning to the middle transport corridor, which runs through the black sea. that's put more emphasis on a planned deep sea port here in anna clia, ga, plans for the port product. it says well before russia's war,
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but never gain traction. now the pressure is growing and that's where our next report comes in. every day truck driver, jo, blue cockle blush, really drives along george's narrow roads. today's trip is by the infamous records pass from the george and black sea port, but to me, to buckle in as i by john the road gets blocked. when it snows such a booker hopes, the new one, will be better to sub reserve, our housing or the new hi. we will bring you which indies for us to drive more safely than it won't be as many accidents and traffic jams i think was how are you? we are body and not as many pothole like now. it's really hard to drive on the highway is part of china's mute. silk rolled, even if the weld bank finance the section crossing the mountains chinese state own road and bridge corporation is expanding it with workers from china, where the machines and building materials also come from locals are only
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employed as laborers for work, like directing traffic for 7 years a day and it doesn't bother us. we have work. most of the village residents here support the construction of the road. we have worked, so we're not complaining. meanwhile, construction of a modern container terminal couldn't go ahead in a korea, a george, an american company was supposed to build a deep sea port here, an important hub in the middle corridor. the silk wrote a direct link between the e u on china that would buy past the land root fire russia, but construction was hold it after a change in government. residents are disappointed. that wound up on the 2019 o allies would be better if they were a port, not jessina clia, but it would be good for all of georgia. i still hope it will be built on yet and like it and i don't mind only smaller container ships can dock of the current ports
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on the black sea. the harbor basin has to be deepened to 60 meters for them to be competitive. but nothing is planned. many georgians believe the deep seaport in anatolia is being hampered by the russian secret service, which they say is putting pressure on politicians. but also guess, roadway jealous off on, on the russia is blocking on a clear port because it wants to hurt the e you go, oh, it is important for us to set up the middle corridor and we need an a t, a port to do that. all of the proposal in that go to dora is that we go to don't go to recorded the book on ugly truck drive. much a book, a hopes, the deep sea port in an ikea will still be built so that he can keep working while ever tried co co 8. it's a liquor from venezuela that's becoming popular among alcohol aficionados. producers would love to keep exports rising, but they're facing significant hurdles. it all starts with the garvey plant,
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the same plant that's turned into tequila, but they're making coakley which is relatively unknown to drink, is abroad. the novelty is helping caucone to grow in popularity, but produces, say, they're struggling to make enough of the labor intensive tipple. when i get older, you need to go. we have to find out what nice we can reach on the international market. because the quantity and production volume of concrete is low or very low. so i can fill a container once a year. and is there a market for that? we still don't know me, but we have to look for these specific meshes without thinking we can sell to everybody. it's an exotic special product. it's very difficult to make the, with venezuelans have struggled on to high inflation and a mismanaged economy. so any chance to boost exports is
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a welcome opportunity. it's manual intensive work. cocoa uses wild plants and does not include additives but farming the. gov. it takes time. here we have plans that allow this angle. i toss it avi is a plant that takes 10 years to ripen and it's production is limited. crockery simply cannot be a low cost drink a more emphasis. yeah. they were, oh boy was he were in the presence of an exclusive cartucker. and like, it deserves recognition for the cost of making a liter of coin because i got it right. peel ca coy can sell for $60.00. a liter, a premium drink for caucone produces they're hoping if not for higher export. it's exclusivity will help drive prices up. so watson, this bottle can get them a better return for their hot water. well, that's all we've got for you today for more you can check us out at d, w dot com slash business, and the d. w. news youtube channel. we're also on facebook for me and the whole
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business team here in berlin. thanks for watching the show will see you tomorrow with with this river is all that separates the people of the republic of moldova, from the fighting in ukraine. many here are very worried about a russian attack on their country. the mood is tense. the fear of war is casting a long shadow over everyday life. focus on europe. next, on d, w. into the conflict with sebastian,
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he says it will stand with ukraine for as long as it takes us with joining the union fil a long way to go with the war. now it's 2nd year. what happened to the sense of urgency body, you membership with so vital my guess this week is coming. barley, a vice president of the european parliament conflict in 60 minutes on d. w. with you become a criminal pre climbing a ready news with hackers, paralyzed me higher society, ah, computers that out for you and governments that go crazy for your
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data. we explain how these technologies work, how they can go in for but how they can also go terribly. watch it now. you too. mm. hello and welcome to focus on europe. i'm glad to have you, but that's a lot has been said about russia and ukraine and the last year. but what about countries that share their border with ukraine mando about for instance.
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