tv Business - News Deutsche Welle May 8, 2023 5:45pm-6:01pm CEST
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the also cut me off building a better future for slum dwellers in argentina. we look at how an investment drive is helping to pull people as of this is data of 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 star lute the vote 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 danville, barbara. how came it came? 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.
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hacking, son lives abroad, 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. i lived alone despite i 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, thanks to strong economic growth in the 1st 10 years of his rule. but a cost of living crisis triggered by his own orthodox economic program over the past year and a half has a road as his popularity. analysts say that poses the biggest electoral challenges to his 20 year, hold on power. he badly hurt people's a pocket. and that's why i guess this election seems to be the one that he's no longer that
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secure in terms of winning the election race is on the razor's edge here. and of farmers market and central assemble. everyone agrees the economic situation is dire, but they're divided on who they're going to vote for. all the government gave us the consent 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're feeling oppressed. indeed, inflation is very difficult for us, but the people are at fault, not added one. and the 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 report for act from aquino efram, whoever wins this election inherits
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a very deep economic crisis. i want to look out a bunch of type. i don't want 1st. he's been pursuing very on orthodox economic policies. you could say, while the rest of the world, it has been raising interest rates to buffalo installation. he has been lowering them. if he wins again, can we just expect more of the same? yes, that's the shorts are short answer. so he has, he gives no sign, but he's going to back direct that this policy that has been following since it's almost 2 years now. and she's transferring 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 bodies effects and we were talking about last year around here we were talking about 8 to 6 percent and now it came down to 4 to 3 percent, which is still a lot and he and his comic team advertise this as like you see it's working and that's actually not working. we see it on the ground receipt. we see
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every, wherever you go into our key and front of the software, basically and an independent deflation research group say that that gets to over 100 percent in real life. and there are doing, has given no signs so far that he's going to back to practice is going to go back to the convention of economy policies. and she just defends that sto and he says it's going to work. so he basically says that we're going to 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 out to mind. can you choose or what is he promising? he's basically promising, 1st reinstating the strength and the parliamentary system and abolishing the presidents. the system where you look at the words coming from the amount of one man and he promises to go back to, um, how is it, how, how does say that russian calling on make policies, meaning,
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hiking interest rates and driving up for an, for an entire direct investments in tacky and, and yeah, they're jumping up to date they investments and focusing on fixing their crazy high inflation levels. so basically this is what the problem is. and we will write tennessee on sunday if this is going to, if this is going to 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 in talking, in terms of economic sense. sure. and i come, 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 chance basically no family into okay can cope with this, this, this type of economic reality. by only doing what they do all the time,
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they keep reducing, they keep cutting from their lifestyle. they keep cutting from but even basic stuff like food and in terms of young people they received a lot of, uh, 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 the interviews 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 gonna 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's looking into the connection just, it's in people, kentucky are fix sites to this. and there are, there's a large section of sites there wanting to change. all right, so the stakes up the selection could hardly be higher outcome get you. thank you so much for your insights now to some of the other global business stories making news
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. the european union is considering functions on 7 chinese companies accused of selling equipment support in russia's war and ukraine. think 52 mainland chinese 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 the 1st periods of a recession in europe starts economy activity in the construction sector on 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,
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authorities have spent hundreds of millions of dollars on improving housing, paving roads, and expanding access to electricity. in our next report will meet a mom whose life has changed as a result of that investment. heavy cost stuff 1st. move to table. boy, you know, this is where it's hot stewed, 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 3 novels. 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 was a problem. well, you can be nice to see that, but i can negotiate that awful to avoid such discrimination. many for the residents
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won't give their address when looking for work. have you. it has recently opened a pizza parlor and now service customers who would not have set foot into a sub 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 4 is iris, the modernization of the, for the, of us as an important integration measure as 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 have generally improving the social structures and everyone's access to help. but i do cation and work, but i thought 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. there's almost 6000 fellows all across argentina. almost 1000 are
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currently being worked on not, i mean you'll, the secretary for social and urban integration. less than one is irish luck come off of a loss. she explains what's happening on the scene. i've never heard of. there's more organization, thanks to better services. the city is building more lots, there's services for families, massive improvements on housing with help of the me. p. s. a program that's like a lottery where disadvantage women can get access to federal funds to renovate the homes. the boy, next, the items will to you and i feel the unemployment class with a lack of a more than 800 people, received such federal funding. many spend it on fixing electrical hook ups and fuse 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
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framing. you still go on the chapel. sometimes we would open a door and get an electric shock with blood would not no similar mind to improve things that's infrastructure. this meant to be a, starts to a better life in la, kava, and other fellows. and finally, the weather is finally warming up here in germany, and that 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 i have tiffany call. 5 euros are more priced up with on think about just 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 to check i t w dot com slash business. you'll also find as long as you got the news you took
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. the largest freedom, freedom of expression, came to an end. in 1933 or later what followed was on precedent persecution. how could it come to them and what 2 young people to think about this barbaric destruction of culture? 2019 dw. when i heard the verdict, what i felt was deepest sorrow for the state of the judiciary and the judges in my country. the turkish human rights activist osmond color has been in solitary
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confinement for over a year charged with an attempted coup. he was sentenced to life in prison. the last month of voice from prison starts may 12th on dw guardians of truth. my name is junk and i have paid almost every price of being enjoying this in a country like to tease taking on the powers that be they risk every thing they want to me and they try many times john, don't r s activist journalist and politicians living and anxiety, what drives them? it's too much for my shoulders, but i have to uphold this way because i am responsible for the future. all countries for the people behind the bus. the courageous effort against corruption
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and political crimes. in our series guardians of truth a watch. now on youtube of w documentary the this is dw new fly from ballot. ukraine issues in area of the load across the entire country. off the russian drone involved strikes overnight. several incident attacks on keys and other cities. ukraine is calling it the biggest drone attacks ever carried out on the.
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