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tv   Business - News  Deutsche Welle  March 30, 2023 6:45pm-7:01pm CEST

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and standing the test of time high luxury watchmakers are embracing sustainability as part of their design. this is definitely business. i'm kate ferguson. thanks for joining me. russian president vladimir putin has admission to western sanctions. will have a negative medium term impact on his country. the continents come after months of insisting the punitive matters were not having an effect. russia is currently the most function to country in the world. reliable economic data is hard to come by, but it's clear, heavy war spending is only adding to pressure on an already fragile economy. russia's defense minister inspecting his supplies, munitions, like the ones manufactured at this plant on his shots ply, but buying the weapons as an expensive business. and one rush i was hoping to keep out of public i. according to russian finance minister, data,
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unlisted or classified spending has doubled since last year indicating around the turn of the budget is likely connected to the war of fort $21000000000.00 in total, dwarfing all the other publicly listed government expenses and moscow's black budget is ballooning at a time of falling commodity prices, which make up the lion's share of thrushes earnings. western sanctions also continued to bite city according to russia's president only for his good only illegitimate restrictions imposed on the russian economy in the medium term can indeed have a negative impact. in this regard was what we need to ensure a sustainable increasing domestic demand loveland. in this situation, this becomes the leading factor in economic growth in a shaken by was it you he used it's unclear if the kremlin can kick start domestic demand. the country officially went into a slight recession last year with g d,
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p. contracting by just over 2 percent. however, that factors in increased military spending indicating rushes domestic consumption is likely fairing worse than it seems at 1st glance. and with more and more arms needed to keep russia and the fight moscow's war, machine will likely continue to consume the kremlin overtaxed conference for more. and if antoinette by jani clue the i, russia, expressed at the german institute for international and security affairs, yon is how significant is students admission that the functions are biting? i thought a quite interesting and i think it's significant because m, as you pointed out, put in was saying the opposite just a couple of weeks ago. so what could this mean? i think it means that futon is realizing that this war is going to be longer than he anticipated, and that it will be more costly and that it will also demand
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a lot more sacrifice from the russian population. and so i think what he's trying to do right now is to prepare the public. and also the elites that is, has gone to be longer and more expensive than originally thought. a alice western country for having pub, more than $11000.00 individual sanctions against russia since it invaded ukraine, which measures have worked and which had not i think that each of these measures has a certain effect on the individuals and companies that are targeted. if you asked me for a specific measure that was quite effective, i think it is the oil embargo imposed by the u. this has really significantly and it has significantly hit the income of the federal budget and is causing the kind of deficits that we are seeing in this data right now. and if you think about
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sanctions that are probably not having the desired effect, at least not politically in russia, it is the sanctions on russian oligarchs. and he, i think the reason is that their influence on the kremlin and russian political decision making has been, well, i think it has been overestimated in the last years. and i don't think that the sanctions on them will cause any political change or any political impact on put into plans regarding the war and ukraine. all right, the war has also left russia increasingly dependent on china. what i think you can on the cliff for being a junior partner to beijing, i believe that the main risk is actually a political risk. so, i mean, it undermines russia sovereignty because in the future, russia will have, you know, it will depend on china for around half of its imports and the most important important coming from china. so this will have political consequences. but there's
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also an economic cost. and the economic cost is that china has different goals in this economic relationship with russia, then put in the us, china wants to have a market for its exports. and it wants to import resources, why russia would like to develop its industry. and, you know, develop tick, not technologically in the coming years. and this is under the, you know, a current circumstances simply not going to happen. and this is the biggest economic risks from this reliance on china for russia. or, i the honest go, okay, thank you. so much thanks, love for having me. and in another development, russia has detained the wall street journal report, even kirk, of which on espionage charges earlier this week are much published on extensive analysis on the state of the russian economy. now india has launched a major push to sell africa weapons as part of the visions to boost its defense
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sector. on wednesday, the indian military invited army chiefs from over 30 african nations to inspect domestically made helicopters, thrones, and artillery, as well as boosting exports. india also wants to become less reliant on imports, including from russia, as a faithful against china, on their disputed border. for more, let's bring in d. w. correspond entire cars. ok in delhi true are african defense chief interested in this offer from india, where the kids are symmetric emissions that are already buying from india because western made arms are too expensive for them at this particular expo in the morning . they were delegate from agrees with african nations like egypt, morocco, nigeria, ronda, and even so that bigger. so that shows a fair bit of interest in, you know, both claim that a little less than 20 percent of, as i'm exposed,
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currently. go to africa already. ok, so by 20 percent, who else is currently buying india weapons or there's a long list. government claims that the 75 countries across the world are buying these. these include in the neighborhood like neat, bog boot on. and even european nations like from spain, italy, even poland, other customers into ma, leaves, russia, israel, you, a saudi arabia fill it, be chilly. and that's also because there's a range of products on also from helicopter to even smaller defense. but katie, so fundamentally, why does india have such big ambitions to beef up at defense experts? why focus on this sector over others? well, i think is the major of the, given the need to become less reliant on the importance of the present. that is the world's largest arms in both, and it has been in that position for
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a several years now with the counselor about 11 percent of noble import. now when he wants to bring those numbers down, significantly becomes self reliant in terms of manufacturing of defense and also increase the export exports. currently standard about $1500000000.00. but in that un bishop w target go to more than cover this to at least $5000000.00 by $2425.00. and all these events, like the ex bull auto, part of that strategy to, to make in does available on offer who are range of countries, a truck world. all right, tara tara k, in delhi. thank you very much. now to some of the other double business stories making news, germany's transport sector could face more disruption offer unions rejected a fresh offer of a pay increase from employers. unions are looking for
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a 10 percent rise. they've been offered h on monday, a one day strike brought much of rail and air traffic across germany to a halt. folks, 5 in brazil has walked out of negotiations over a probe into alleged slave labor at one of its subsidiaries farms and the 1970 s. and a she's, prosecutors allege fox fox was responsible for theory of human rights violations there. the company says it's not interested in a pre trial settlement with authorities. the 11 members of the comprehensive and progressive agreement for a trans pacific partnership are expected to allow the u. k. succession to the free trade block this week. britain will be the 1st european nation to join the trade packed members include japan, australia, mexico, and canada. spain's competition watchdog has launched a probe into google for alleged anti competitive practices affecting news agencies
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and press publications. the investigation will try to determine if google and its parent company alphabet abused their dominant position in the spanish marcus naz sustainability often comes with a premium price. tak bus. if you're around the $48000.00 for a luxury watch, a couple of extra bucks shouldn't make the difference. still not all upscale watchmakers have been at the forefront when it comes to going great. now it seems times are finally changing. they seem to be floating in time and space. you would, the company logos horse has elegantly taken off, and miss watches are extremely desirable for collectors, rich collectors in particular, as they retail for thousands of dollars, much lower than the price, the company's ambitions, when it comes to sustainability,
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a mis aims to achieve net 0 emissions by 2050. other than that, the firm says sustainability is built into the product because it's meant to be treasured forever. to students with all nerves, we do everything to make a product that will last a long time. that will be repaired. of course, as obvious for watches, but will repair our leather objects. we repair our bags, and these are objects with a lifespan of up to 56 your 80 years. so i would say that's an approach that already respectful of the environment. however, more can be done and more has to be done as swiss watchmakers are facing increased pressure to prove their commitment to sustainability for its current collection. all this works with straps made of recycled polyester, recycled plastic as the source for dials and other models. luxury and recycling, not mutually exclusive, says another watchmaker was innovative models feature an oil bubble display controlled by magnetic fields that through the indeed each with
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all the materials we choose for the watch are either recycled or from a production system in which we have confidence dawn and we want to be b corp, certified and swiss made, but we also want to go beyond that letter a certificate for social and environmental sustainability for some, it's part of the feel good factor when wearing a luxury time piece and that ross of our show, thank you so much for watching ah, with
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ah, check in with us again in the city that you can visit over a get busy tourist. sorry. nicole clearly showed by real insight in how life is lived in prague. checking in 30 minutes long d w. that came with 2 faces. he was one celebrated as a beacon of hope and a reformer. now, more than 20 years later, many people par disappointed mohammed the 6. does he still wonder, just and modern future for his country?
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and just how democratic is the king of the poor really? in 75 minutes on d w. b, we've got some hot tips for your bucket list. ah, magic corner chat. hot spot for food and some great cultural memorials to boot d w, travel. we go. ah, in many countries, education is still a privilege. tardy is one of the main causes some young children work in mind. jobs instead of going to class, i can attend classes only after they finish working with millions of children over the world. can't go to school with, we ask why?
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because education makes the world more just a make up your own mind. d. w made for mines. ah ah ah, this is dw, live from berlin. a u. s. journalist is being held in russia on spying charges. evan gas given she's the 1st american reporter arrested for alleged espionage since the cold war. the white house has condemned his detention also on the prob, prob, britain's king.

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