tv Business - News Deutsche Welle April 6, 2023 11:15pm-11:31pm CEST
11:15 pm
violate international law. the commission president is in beijing with french president, emmanuel mccomb for talks with residency in the kremlin, i said that leaders of russia and belarus did not discuss the deployment of strategic nuclear weapons at today's meeting, delivers in liter, alex and lucas shank o. as in moscow for a 2nd day of meetings with russian president vladimir group, that's all from the news dean for now. business is next with chris colbert. don't miss out on that. and there's a more news coming up at the top of the next hour. really, thanks so much for watching. a enjoying the view and come take a look at this. our tv highlights every week in your inbox, subscribe. now. we have a
11:16 pm
current g, more people than ever on the move worldwide. in such a better life. one of us as well as a committee god, that hello goes out. actually. there now is it america they have not gotten in the god that the real focus is that okay, the thing nanda key donation one back to the gun. find out about robina story in full migraines, reliable news for migraines. wherever they may be. ah, a plan terrain in the ramp and inflation. that's what the leaders of the love and latin american countries i've agreed on to take a look at what specifically they want to do to solve the problem which has been plaguing many around with paulson coming up, we'll show you an initiative and re it is narrow which aims to bring food and
11:17 pm
a bit of happiness for the cities, for them from chris cobra. well to program average, inflation for latin american countries stood at almost 15 percent last year. the international monetary fonts us is creating a crisis, particularly for those who have already been struggling. now the leaders of 1111 american countries say they forged to plan to address the issue. as argentina's, inflation rate of almost 100 per cent, saps earning power and outstrips wages. 67 year old jorge pedro are mo, has found a painful solution. juggling 3 jobs is a metal worker, a part time salesman, of flip flops, medical creams, and honey, and as a soccer coach, our mo and who lives in the outskirts of the capital, gwen as iris works, 7 days a week, every week to stave off poverty. that affects almost 4 in 10 people in the south
11:18 pm
american country. that is enough in the sometimes i can't make it until the end of the month. so she, i like handle, hey, for electricity value, water bills, taxes which are very high in plato unto dog. i'll eat it, it's not only argentina fighting extremely high inflation. some caribbean nations are struggling as well. in cuba, the official inflation figure last year was 39 per cent. independent economists estimated to be a lot higher. the state at least gives out some food via the so called supply book, but you have to be flexible because not every thing is always available. ready another commer boy whom i get more chicken than anything else because that's what they give you. i don't like chicken. i prefer to eat an egg, but since i don't have anything else, i have to eat whatever there is. because i can't go without food and a mobile that at their virtual meeting,
11:19 pm
the presidents of several states agreed on measures to fight the inflation. but it wasn't credible. if we agree to remove barrier tariff stuck who had and sanitary measures because each country has something to offer to consumers in the i looking for to sit in this way, we can get food and a sense for products at better prices in the face of inflation. and high prices he to the gay with under halimon, does she? brutus busing. close. i am herbert issue many in latin america and the caribbean. now hope that these measures become concrete so that inflation will soon slow down for more i'm not joined by harvey. i get us news anchor on our spanish speaking service and formerly a presenter here on deed of your business. welcome back to the studio 3. how good to have you. we seen the problems caused by inflation vividly illustrated in that report. but remind us, how did it get so bad?
11:20 pm
well, of course, latin america, diverse region, every country has its own different problems. but broadly speaking, most of these countries have rather high levels of external debt that, that most often has to be back in a foreign currency or their own. so that makes them vulnerable to changes in the global economy in their own currency. that also costs as a general distrust by the populations. argentinians for example, prefer to have their savings and investments in dollars than in their national best . so because they think it's safer that further weakens their currency and makes prices look or go up. and last but not least, it's important to remember that inflation is measured by a set of products. most of them are great cultural products and we've seen a perfect storm of the war and ukraine, which drove the prices of grains up. we saw climate change and droughts in sometimes with record levels of rain or low levels of rain in the region. and last but not least, also very important. the bird flew, which is driven up the prices of meat. so all of this has caused the increase in price, so there are certainly regional factors that are also to blame here. now,
11:21 pm
11 latin american countries want to work together to combat this rampant inflation . what exactly do they want to do? well, the final communique of this summit is quite vague, yet they are going to meet again in may. but what they are talking about is to reduce the trade barriers and tariffs, and also what they call a to simplify the logistics to make export and import of those products within the countries and with other countries, easier and cheaper. they also talk about a fair, international architecture finance architecture, which would probably mean to exert some type of pressure against lenders or for debt cuts or to reduce the interest rates. and is this initiative likely to be successful? i would love to tell you that it's going to be a huge success. it sounds rather simple and easy to do, but let's not forget that all of these countries, most of these countries, at least, are politically aligned in this case, to the left. if you really want to have an impact, you do have to include the other site experience in latin america has shown that many of these initiatives fail because a country married mainly
11:22 pm
a heavyweight countries like brazil. argentina can quickly change from one political direction to the other and then turn their backs on these types of initiatives due to ideological or political problems. if this happens again, we will see this initiative fail. maybe they'll be successful. we certainly hope for it because it's important for the people in the reach. he ws harvey. i get us. thank you for your analysis of you know, less than a month ago. tesla announced plans to build a car factory, monterey, mexico close to the us border since then. suppliers have set up shop housing for workers has gone up along with wages. concerns in the water, scarce region have also been growing. this is the speaker for test. last model 3. it's made by the mexican company, ali and plastics. director felipe ability, i assist that ellen musk steam tesla contacted him just days after announcing the new factory being built near monterey. valera alice this output at his company will
11:23 pm
likely rise by a 3rd as one took the norie in a room if it has been a long time since i have witnessed the boom, like this on. tesla has promised to invest millions here which and i put a lot of things in motion. i know it affects real estate in industrial companies, relative 30 large order suppliers have already moved to new, overly on to be close to tesla. the electric car maker has promised to invest $5000000000.00 in face one alone. what made this location attractive to tesla? the proximity to texas was a factor, but also the industrial background. this northern mexican area has manuel montoya as a spokesman for the automotive sector here. his optimistic about the future so long as he will be. but we're expecting to see 5000 new jobs really. and there's a rule of thumb in the industry. every job in an automotive client brings another 6
11:24 pm
jobs in the supply chain. so we're hoping for 30 to 35000 jobs seen that in this scene call me knows him blue. the alley and plastics plant is located just minutes away from this field in santa carina, the future home to test last newest giga factory, et cetera. 3 plants spread out over 1600 hectares. expected production, $1000000.00 cars per year. the local government has agreed to protect a plant with 700 national guard forces. the company owned by one of the world's richest men, has also asked the state to pay for several roads and a water treatment plant. governor somewhere garcia says it's worth it. tesla is expected to pay an average monthly salary of $1600.00. it's a major improvement for the entire industry. and dancers is that we think that once tesla offers $30000.00 pays us a month one, every other company here has to at least up there offers to $25000.00 pieces, so more not to lose their employees. so for us, tesla is
11:25 pm
a key investment grandma's get their last name as an angler. others agree? mexico's president monterey lopez of had door thought that tells us plans couldn't be realised due to lack of water in the area. now he has changed his mind and supports the plant and now to some of the other global business stories making news . friends is facing travel and commuting disruptions on thursday as another nationwide strike takes place. union chiefs called for massive demonstrations. they're pushing back against present recalls and rising of the retirement age from 60 to 60 years. the ceo of airbus has signed an agreement bay envision that the plane maker will open a 2nd final assembly line in china. tangent facility will effectively double airbus production in the country. australia's financial regulator has canceled the
11:26 pm
derivatives business license of the world's biggest crypto currency exchange. finance company has come under scrutiny after it miss classify some retail investors as holsen finance, also phases, regulatory actions in the united states. the u. k. italy, singapore and britain will take you to raw senior and mon gara now to fidelis and readers. narrow where a charity provides volunteers with colonized, training ingredients and a mission. not just feed the hungry but delight there. take days and bring them some happiness to those who needed most. chef analisia. acosta prepares marinated pork loin with lime and ginger than she packs a 100 portions for people in her community. her senior, rio 2nd largest vela coast around one of brazil's 52 solidarity kitchens and initiative by gastro, martina
11:27 pm
a charitable organization that provides volunteers in poor communities with culinary training and ingredients so they can bring meals to those who need it most . oh lord, i swear a homeless person. this will be their only meal. that's why we usually give them dinner. if we give them during the day by 8 o'clock at night, they'll grab a hammer and fight with a friend to get their food one, but not at night. if everyone eats, every one, sleeps peacefully on them up by the feeling that these from the south american country is one of the world's top producers of soybeans, corn, beef, and chicken. still, nearly 60 percent of brazilians suffer from food and security. this is a statistic, kosta knows all too well. she estimates she makes and distributes 400 meals per week. kosta herself relies on a welfare payment from the government to get by about 600 reyes or
11:28 pm
a 110 euros each month. victor, but nobody wants to give us a job if we don't have proof of legal residence or because they think we're bums. employment in rio is difficult. younger in another for vela fellow volunteers. chef carlos alberto silva, prepares meals in his restaurant as it would have for you. we try to do everything with love and affection. the only difference is that we take it to the street, but people ain't what we make. martha, we'll get you farther. well, that's our magic. yes, a green, my da silva struggled with drugs after his son died in a police operation in the fidela, an all too common and tragic occurrence. now he spends his days cooking. he credits the program with saving him from addiction. it keeps him clean, he says. and others from going hungry. this is anna. that social thanks for
11:29 pm
watching of a successfully ah fancy a walk across lake garden, italy's largest lake climate change has made it possible. pedestrians now strolled where there was once water. but this tourist novelty poses a real threat to the region. the lack of water endangered both nature and the economy. focus on europe. next, on d. w. a blockbuster sounds from the barnyard. in the middle of a german village with pete burgess lives and works here with his team, a superstar among posey auto love
11:30 pm
20 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1163632847)