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tv   Business - News  Deutsche Welle  May 8, 2023 4:15pm-4:30pm CEST

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to safety before the soviet era, the line went down to the northern states of roger stopped in the eyes, reportedly about 2 round it's in time state of mick, jens, by 2025. after a series of depression, on sorento rains in eastern china falls, tens of thousands of people to the evacuated type of range vantage young jeep province, over the weekends triggering land, slice neighbors, and none proven. suppose also hit by heavy down pulls prompt to imagine feedback. and that's it from me for an hour of an update for you at the top of the hour. okay . ferguson has business. now the people in trucks inject, when trying to free the city center. more and more refugees are being turned away. these correct only straight pieces. extreme around
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200 people around the world. more than 300000000 people are sinking right? yes. because no one should have to make up your own mind. double you made for mine's the. the turkey is economic phase is on the line that's the country prepares for a knife edge both this weekend. as emotions run high, we looked at how it last or a victory for pressing the rest of type or the one with the shape that the response to a major cost of living crisis. overcome me off building a better future for slum dwellers in argentina. we look at how an investment drive
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is helping to pull people as a business. do you have the business? i'm kate ferguson. thanks for joining me. this weekend, over 60000000 turks will go to the polls to vote in historic presidential and parliamentary elections. opinion polls suggest the vote could go down to the wire as pressing the rest of pipe ard 1. 5 to extend his to decade, a rule against unimed bold and opposition coalition, led by camille coach dialed the boat, is taking place them at a deep economic crisis. as well as, as of control inflation, the country is still reeling from a devastating earthquake earlier this year is done bill barbara hacky mccain. she is a long time supporter of friendship, tie up air to one, but he won't be voting for him. this time, he blames the president's economic policies for eroding turks purchasing power. hacking, son lives abroad,
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but he's unable to visit him anymore because the turkish layer has lost 30 percent of its value against the dollar since the beginning of the year. flip the loan despite want the exchange rate to decline. again, i want the price of petrol and inflation to drop and i want to go back to the life i had 5 or 6 years ago. i want to be able to go on a picnic and travel abroad, should i get any air? the one was able to maintain is voter base has a road is his popularity and let's say that poses the biggest electoral challenges to his 20 year. hold on power, he badly hurt people's pocket, and that's why i guess this election seems to be the one that he's no longer that secure in terms of winning the election race is on the razor's edge here at a farmers market in central east envil. everyone agrees the economic situation is
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dire, but they're divided on who they're going to vote for. the government gave us the close and salary increase, but inflation is up to 100 percent of the official inflation rate. the government announces is just not true. prices have risen $34.00 times compared to what they are saying, what we have feeling oppressed. indeed, inflation is very difficult for us, but the people are at fault not added one. santa barbara hockey, mckintee has also yet to decide who to vote for among the 3 candidates standing against president air to one. let's bring in detail the reports are act from aquino efram. whoever wins this election in harris, a very deep economic crisis, i want to look out about to type. i don't want 1st, he's been pursuing very orthodox economic policies. you could say, while the rest of the world has been raising interest rates to basel inflation,
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he has been lowering them. if he wins again, can we just expect more of the same? yes, that's the source on short answer. so he has, he gives no sign that he's going to back track that this policy that he's been following since it's almost 2 years now. and she's sense for him behind this uh, economy policy that is going to work eventually. as you have seen does a drop in inflation which the on other side because of the base effects and we were talking about last year around here we were talking about 8 to 6 percent. and now it came down to 43 percent, which is still a lot. and he and his comic team advertised this as like you see it's working and that's actually not working. we see it on the ground receive. we see everywhere we go into our key and front of the software, basically, and an independent deflection, research group say that they could still over 100 percent in real life. and there
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are the one has given no signs so far that she's going to back track. this is going to go back to a conventional economy policies and she just defends it sto and he says it's going to work. so he basically says that we're gonna fix it, how we have no idea. okay, same final orthodox way. all right, so let's look at the possibility of change. then the opposition comes up to mind. can you choose or what is he promising? he's basically promising, 1st reinstating the strength it's and parliamentary system and abolishing the presidents. a system where you look at the word coming from the mouth of one man and promises to go back to um, how is it, how, how do you say that? rational corner mich policies, meaning hiking, interest rates and driving up for an for and i direct investments into key and yeah, jumping up to the,
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the investments and focusing on fixing their crazy high inflation levels. so basically this is what he promises, and we will write tennessee on sunday if this is gonna, if this is gonna work, if it's going to vin and, but no matter what happens, it looks like it's going to take up this 6 months that you feel the effects of a possible opposition victoria intact in terms of economy. expense. sure. and i want to end with a personal question. you have family and friends in turkey. how are they coping with this? really what we can say crazy cost of living crisis, they trans basically no family into okay can cope with this, this, this type of economic reality. by only doing what they do all the time, they keep reducing, they keep cutting from their lifestyle. they keep cutting from even basic stuff like food and in terms of young people that receive a lot of, uh,
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a might outward migration of uh, large amounts of scouts labor. and because people don't see future young people don't see the future as we see everywhere in survey as as 3 to interviews. when you, when you question them in paul's, they say yeah, i don't have a future kentucky. and i'm gonna, i'm going to look elsewhere to, to, to find a decent life basically. so it's, it's basically a very sad picture of hopelessness. and yeah, everybody is looking into the connection just, it's in people into care, fix sites to this. and there are, there is a large section of side to the wanting to change. all right, so the stakes up the selection could hardly be higher. come get you. thank you so much for your insights now to some of the other global business stories making news . the european union is considered functions of 7 chinese companies accused of selling equipment support in russia's war and ukraine. think 52 mainland chinese
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companies and 5 from hong kong. some of which have already been functioned by the u . s. china has urge the you to refrain from further sanctions on, threatens to retaliate. german industrial production is down fully more than 3 percent in march compared to the month before the decline partner driven by itself and car production has for 1st periods of a recession in europe starts. economy activity in the construction sector and production of machinery equipment also decreased. now let's taking to argentina where urbanized they shouldn't have left millions of people living in poor conditions on the outskirts of fish. these efforts to improve the situation are underway, though and in recent years, authorities have spent hundreds of millions of dollars on improving housing, paving roads, and expanding access to electricity. and our next report will meet a mom whose life has changed as
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a result of that investment. heavy cost stuff 1st move towards the legal boy. you know, this is where it's hot stood. right in the middle of one of one is iris. many fail us. now his family and 600 more, but moved into a brand new apartment, a few blocks away. this is where he lives now with his 3 kids. he makes low monthly mortgage payment plans to do so for the next 30 years. mobile fee novels. uh, our old home had just one or 2 rooms. this as a new life. we feel like we've got some dignity back with running water and such. before we came here, we were discriminated again even when looking for a job being from a for the low as a problem where you can be nice to see that. but i couldn't because he did all to avoid such discrimination. many for the residents won't give their address. when looking for work, javier has recently opened a pizza parlor. and now serfs customers who would not have set foot into a sub
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a lot just a short time ago. others who have stayed in the old homes are seeing improvements to somebody. i mean, your social, the secretary of photos iris, the modernization of the, for the, of us as an important integration measure. that's a significant but i mean, we have whitening the streets so that passes can get through. we improving access to water and wastewater electricity, other public services. we had generally improving the social structures and everyone's access to holidays. but i do cation and work, but i felt that this hello, that's the one you did, that all the city hopes that life for the, for the less will also benefit from more businesses opening and more jobs being offered. that's almost 6000 fellows all across argentina. almost $1000.00 are currently being worked on and on the menial, the secretary for social and urban integration. listen foreigners, irish luck come off of a la. she explains what's happening on the thing. i mean,
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i'm afraid i want to know, do i mean there's more organization, thanks to better services. the city is building more lots. there's services for families, massive improvements on housing with half of the me. p s. a program that's like a lottery where disadvantage women can get access to federal funds to renovate their homes. the boy, next, the items will to you and i see on the plan and what, that's what a lack of a more than 800 people received such federal funding. many spend it on fixing electrical hook ups and fused boxes to avoid accidents and fires a leg. gladys maldonado, a pensioner who lives in the neighborhood, was a family of 6 months on the cell. the wires used to be crossed and often catch the framing. you still go on the chapel, sometimes we would open the door and get an electric shock with blood would not no similar mind improving that infrastructure. this meant to be a start to
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a better life and lack of and other for the last and finally, the weather is finally warming up here in germany. a lot means going to a beer garden for many people. but one of germany's best known product isn't going to be as cheap as it used to be. the glasses aren't the only things that are being res high. the brewers association is expecting the most expensive summer ever in germany's famous beer garden. hot laser of the year, and now typically call 5 euro is a more a price that was on think about just to months ago, many very say they're having to pass on a sharp increase in energy cost. which that wraps up our show for more. do check i t, w dot com slash business. you'll also find as long as you got the news, youtube channel for me and the entire team is goodbye. the
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can the dodo rise from the dead? scientists in the us one to bring the extinct birth back to life. the challenges are great. and pose significant ethical question. tomorrow today dw, the, when i heard the verdict, what i felt was deep sorrow for the state of the judiciary and the judges in my country. the turkish human rights activist of osmond color has been in solitary confinement for over a year charged with an attempted coup. he was sentenced to life in prison. all
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summer in kabbalah shouldn't be in, but there are many prisoners who are detained or sentenced by means of arbitrary decisions. osborne cut, a voice from prison, starts may 12th on d, w. the . what if we could bring last species back to lights? we'll look at what science can and should do when it comes to the extinction plus will take you to a lab high up. and this was else where researches of focusing then raises lightning goals. and we'll meet the gym and physicists to be.