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tv   Business - News  Deutsche Welle  March 2, 2023 4:15am-4:31am CET

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now his toughest political rival, 2024 is still a long time away, but it's already shaping up to be a contentious race. all right, and you're up to date coming up after a short break. a surprise rebound for chinese manufacturing christy plots, and as the details in your g w business update. i'm here until booth in berlin. thanks for tuning in. i use interest the global economy, our portfolio, d w business beyond. here's a closer look at the project. our mission to analyze the
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fight for market dominance. east, this is west. good, his debit head with the w business beyond what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage is 360. get the out now. mm. mm hm. ah, his china, back in business, chinese manufacturing activity has 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 george's black sea coast have taken on a new importance since the war and ukraine. but pulling the project together has
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not been easy. and fancy a special drink liquor producers in better swale are hoping to interest drinkers in a rare liquor. ah, welcome back to another dw business. i'm christy platt's. and coming to you from berlin, china's economy could finally be recovering from coven 19 chinese factories or 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 coven lockdown 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
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turnaround there? 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 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 besides some all the trade tensions and everything, this is well company, even if the stock market here in the us did not really react and such a big fashion, there was only a minimal uptake when it comes to the del jones industrial average, a blue chip set 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,
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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? jill christie and it's also become a big political topic. i mean, more than 30000000 americans suffer with diabetes, and a good to 7000000, highly depend on insulin. so now the step from eli lilly definitely is a well come new with some, even if i have to say it only applies this price kept to older insulin a product, so not to 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, from congress in general. so it's definitely a ride step, but not all of the problems are off the table. so as i mentioned,
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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 announced. it 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 month. 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
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faced as yet another food crisis. last year, a shortage of truck drivers lead 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, 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 we'll can with a we, we have to 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
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much the same because now you're seen empty shows that and yeah, we're talking about again, even worse, there is no end in sight. more shortages are expected. apple farmers have not been buying plants and planting more orchards. so they 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 cows extend all the way to china. but ever since rush invaded ukraine concerns had been growing that the route is no longer secure. as a result,
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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, but never gain traction now the pressure is growing and that's where our next report comes in. everyday truck driver to coco blashley drives along georgia'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 use of our reserved arcada ali anew. i will bring you up, which indeed, for us to drive more safely than it won't be as many accidents and traffic jams body was. how are you? we already a not as many pot hold like now. it's really hard to drive. if you go on the highway is part of china's mute, seal growled, even if the well bang finance,
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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 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 are not complaining. meanwhile, construction of a modern container terminal couldn't go ahead in a korea, a jordan, 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 and 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 28th 19
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o allies would be better if they were a port, not just in a clear, but it would be good for all of georgia. i still hope it will be built on yet. and like, i don't mind, only smaller container ships can dock of the current ports 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 gears were jealous. also, non russia is blocking on a clear port because it wants to hurt the e u. o, 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 proposals that go to dora is that we got an article to reward the book on audrey truck. drive much a book, a hopes, the deep sea port in a nazi yet will still be built so that he can keep working while ever tried
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caucone. 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, 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, produces say they're struggling to make enough of the labor intensive tipple. when i get older, even though 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 old. and is there a market for that? we still don't know why we have to look for these specific niches without thinking
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we can sell to everybody. it's an exotic special product. it's very difficult to make with venezuelans have struggled on to high inflation and a mismanaged economy. so any chance to boost exports is 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 are plant out of the a signal i chose it. avi is a plant that takes 10 years to ripen and its production is limited where crockery simply cannot be a low cost drink a more in process. yeah, they were, oh boy was he were in the presence of an exclusive garage clicker and it deserves recognition for the cost of making a liter of coin bigger. i got it right. pill 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
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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 business team here in berlin. thanks for watching the show will see you tomorrow with the conflict. with sebastian b. e. you says it will stand with ukraine for as long as it takes for joining the union, a long way to go with the war. now it's 2nd year. what happened to the sons of urgency about you membership here because it's so vital my guess this week is
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coming. barley or vice president of the european parliament conflict on d. w. my name is dora. i'm investigating and 34 years old. i've been in prison for 10 years and 6 months convicted of murder because she had a miscarriage. el salvador has one of the harshest abortion laws in the world. dear dora's unbelievable story is one of many in a system that despises with 45 minutes on d, w o. in y, dwayne extremists, again well being late and burned in south africa, people with disabilities more likely to lose their jobs independent,
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make black lives matter. shine a spotlight on racially motivated, my same sex marriage is being legalized in more and more countries, discrimination, inequality or part of everyday life. for many, we ask why? because life is diversity. make up your own mind in d. w. need for mines. the e you says it will stand with ukraine for as long as it takes. but as for joining the union, well, there's still a long way to go with the war. now in its 2nd year, what happened to the sense of urgency about membership? the care said with so vital what about the fund that we're pledged to not delivered? my guess this week is catherine barley, a vice president of the european parliament.

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