tv Business - News Deutsche Welle June 1, 2023 11:15pm-11:31pm CEST
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stairs elections where he's seen as the main challenge of the president mackie saw the president's critics say, his ambitions for a controversial the term in office. at the heart of the action against sancho for the government denies using the judiciary to suppress a position to st. flashes that have accompanied this rate case of threatening political stability and set a goal, which has long been considered one of africa's leading beacons of democracy and the ruling against those months uncle will only fuel the flames. be business duties up next i'll see you tomorrow. the guardians of truth, my name is junk and and i have paid almost every price of being enjoying this in a country like to tease taking on the powers that be the risk. every thing john
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do daughter asks activist journalist and politicians living and anxiety too much on my shoulders. but i have to hold this weight because i'm responsible for the future. follow culture for the people who are behind the bus for their mission . people need to know what is happening there in our series guardians of truth watch. now, on youtube dw documentary, the, your is own insights and drops with lowest level since russia invited ukraine. but consumers are still paying far more for basic goods and they were a year ago. we all started the latest figures enough to persuade policy makers to hold off on further interest rate height. also coming up in the multi plans to
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reduce terrace on solar panel and poured out some mass that companies struggle to meet demand and the nuclear option. how poland is embracing atomic energy as part of it to move away from fossil fuels. this instinctively business unpaid ferguson, thanks for joining me. inflation in the euro zone has fallen, but prices are still more than 6 percent higher than they were a year ago. the licensed figures for may, so inflation came down. home was one percentage point from april still well above the target of 2.9 percent for 2020, for the price of food recorded on especially big rise. while the increase in the cost of fuel was much more modest, economists say it could be months before consumers experience any meaningful reduction in their bills. to talk more about this,
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i'm going to advise all starbucks senior fellow at google a european think time, cuz that specializes in economics. professor diverse, the headline on this is that inflation is down to as low as level. in fact, since russia innovated ukraine, but consumers will still paying 12 percent more for their food than they were a year ago. why is that figure so strongly? high in the global markets are relatively tied. it was actually fueled by higher energy prices. also, there were some limitations seen in ukraine and russian exports related to the floor. so there was a messy the increase in for process and the continued versus when the quantity, your energy prices are not forwarding. and it's helping also your customers. i want to ask you more about those following energy prices. so do you think this is a sign that europe's efforts to win itself all russian energy have worked?
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i seen the answer is yes. energy prices now are much lower than they've or before to start to do for you impose a price gap on russian oil. so the russian revenues from 70 oil is, is even lower now. and you know, at the same time this policy was successful in keeping russian supply and global markets. so there is no sort shortage of or function energy, even though opec countries from time to time cut their production. and they also have to say that the mines we got reduction, especially for gas, was a very important factor, which also contributes a little over guess, processing to you, okay. you and, you know, many people we looking at this and wondering, does this mean that the european central bank might hold off on raising interest rates? what do you think?
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i seem to utilize your center meant to continue to increase interest rates to bodily. because according play shown, which is a measure of inflation beach excludes what a tight an agent approved for prizes, steel to be high at 5.3 percent. it's a little bit lower than last miles. but still the above the utica central banks 2 percent target. and at the same time domain you don't get central bank deposition rate. you still just sweep seeing the quarter percent so much over then according station and also lower than expected inflation. so i think you will see quite the number of interest rate increases from the cd about target of just over 2 percent for next year. how feasible do you think it is that will get there for inflation? i mean, this year, so $22023.00 inflation we likely to get to,
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to get higher. now the main question once that happened in 2024 and the popular video or the kind of the forwarding energy prices, you have now the opposite effect. then in fact, you've had it in 2020, to be closing 2022 high energy price increases, pushed off over at inflation of the big question, how much to forwarding an enterprise? these views bring down inflation. but my fear is that the impact would be a lot to just limited. partly because do euro pass, central bank is still not really tied. i mean, a suite to stay on a quarter person. dep was it to reduce the kind of people you know, people still feel that their v choose of and prices are increasing much faster than inflation also. but the see now is a growing vh pressure, liberty, india, and send and other negotiators, these to increase beach grows. so i seen that reaching the,
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i mean as organization 2024 i thing is you will not be easy. so i expect a continued rate increases from the u. s. central it back for a number of times. all right, so it's our senior fellow at frugal. thank you very much. thank you. india is molly planned to have in port tax on solar panels of demand for green energy sources. increases solar power currently makes of over half of the countries and renewable energy i plus operations, housing, experiencing a sort for and the supply of domestic components in 2021, india and forces more than 3000000000 dollars worth of solar panels. the overwhelming majority of which came from china for more in this speaking cross nights and dw corresponding tire cars. okay. and daily charlie who stands to benefit most from this plan. what dates i mean uh, these plans uh seem to be designed to help in sort of companies who are being
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dealing with the salters of these panels in solar cells. uh, but yes, they will end up benefiting chinese exposures. largely because these measures, in any case in the 1st place, they were taken to discourage chinese imports. now there are reports that suggest that india imported solar panels with $3000000000.00 in 2021, 22, and more than 90 percent of it came from china. so once these measures are back in place and import, once again, big so been chinese export as us when allows the benefit from this solar panels continue to be high in demand in india. and domestic manufacturing has just not been able to catch up with that demand. yeah, i'm a question of domestic manufacturing. do you think this is a fine then that india is aimed to become more self sufficient in renewables hasn't worked. yeah, yeah, that does seem to be the case and then sort of manufacturers have been asking for these kind of tax breaks for months now because domestic manufacturing has just not
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been able to keep up with that in mind. there are some reports that suggest that in data target to install 100 gigawatts of solar energy last year. but i saw a report that was the claim that what didn't get to that. she was only $63.00 gigawatts, so there's a big shortage. the price is also a balance of cents, have gone up exponentially since these taxes were imposed. uh, and we would further like to the slight in domestic manufacturing. so yes, that, that's set for alliance program. it has indeed slowed down, which has probably linked to these steps being contemplated. overall, how far would you say india has come in switching to renewables, especially compared to other countries as well. i think that progress has been good and you have recently announced a target of 500. you go what sofa installed renewable energy by 2030. people say it's an ambitious target, but then that reports that india is already
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a default position globally in terms of total renewable power capacity. addition to the non fossil fuel to capacity here is believe to be somewhere around $180.00 gigawatts, which is about 43 percent of the country sort of capacity that's, that's a good number. that was indiana in a good state. and especially given the fact that it's, it's a country of the size that we are talking about, which has had a long, historical and, and a very vast, comprehensive dependence on good. yep. so, i mean, the, the reports so far seem to be good. good. okay. if i take you there, so cards, okay. in delhi, thank you very much. i or is deposed on the snow where fossil fuel is still a kind of for the vast majority of the countries energy mix. the government wants to change stuff is embarking on a major investment in nuclear energy construction on to lot on the power plants is due to begin in the coming years. our report and logic reviews got travel to the
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country to find that war. poland is transitioning from coal energy to nuclear power . the fossil fuel accounts for around 70 percent of poland to energy production, and a huge chunk of the country's carbon emissions to nuclear power plants are planned to help change that. and then get to get back to what was by 201475 percent of our energy mix. will consist of the carbonized sources and stuff around the house of it . so it just, it will come from renewable sources and that'll get to the quarter from nuclear and our biggest, always registrations profoundly. the remaining 25 percent will come from gas and calls guys will ease the thing. loss of beach at the baltic. sea is where construction for the 2 large nuclear power plants will begin in 2026. the 1st core block will be connected to the grid in 2034. but there's resistance from anti nuclear energy activists who want to block the construction
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this is what told me in my opinion, this location is a least suitable for building a nuclear power plant. because of nature, sort of generally, i'm not against building nuclear power plants use um, but this site is extremely poorly chosen. a new size boxes. you should have a problem just 30 kilometers away, like these ruins from the eighty's out of sight were poland. first nuclear power plant was originally planned. the project was discontinued after the tour, noble disaster. but there's been a major shift. some 86 percent of polls are now in favor of nuclear power due to the environmental concerns and rising electricity costs a super we should have nuclear power plants. it's the cleanest source of energy except for the sun. hope at them, right? i mean, the favor of building nuclear power plants in poland. that goes, it's
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a good transition of solution to renewables such up to 1000 and use the unfortunately, it's a necessity to have nuclear energy process. and it's not just the to nuclear power plants planned polish oil refinery. orlan is planning to build 7 additional mini reactors, 12 volts as into some others growing interest from being doctoral sector, which also needs a stable emissions free power supply along with the small modular reactors, last effect, little humid, all the things when they send that off. there's a simple reason for the over whelming support for nuclear power in poland. it's the only chance to transition quickly from fossil fuels to that rastafari shows. thank you so much for watching from where you can always check, had dw dot com slash business. we're on the dw news youtube channel as well. we have a whole host of videos for you to choose from there, from me on the entire business team here in berlin. it's fine. take
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the their fields flooded their home, buried in like people in northern are struggling with the aftermath of recent despair is now mixed with anger. at the authorities for green lighting, you're responsible construction projects and neglecting environmental policies. why is more, more land being paved over focus on europe? next, d, w to the point, strong, clear positions, international perspectives, confusion over the board and ukraine. what is the current strategy? what happened to the concert offensive visit underway?
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