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tv   Business - News  Deutsche Welle  June 2, 2023 5:15am-5:31am CEST

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then he tells the prisons to be quiet when they gave him some post mat feedback. the american will be back in the 3rd round and the french crowd. well, that'll be the whiting. and we may be on that. the company business is coming up next after a short break. don't forget the website as they are at all times of the day for any using data. it's to be found at the deputy dot com socials as well for twitter and instagram handles. you need his at the definitely needs help on anthony hat. i'll be back in 45 minutes with monique the doors. the scoring we say they were about never giving up sports like every weekend
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on dw highly toxic asbestos. it's been banned for decades in many countries, damage cost to people and the environment is catastrophic. would take more than a 100 years to completely dispose of all, especially those containing material. the never ending story of asbestos starts june 21st on dw, the right here is own insights and drops with the lowest level since russia inmate is ukraine . but consumers are still paying a far more for basic goods. and they were a year ago. we all got the latest figures enough to persuade policy makers to hold off on further interest rate hikes. also coming up india and multi plans to reduce
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terrace on solar panel and poured out some mastic 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 . is instinctively business. i'm paid ferguson, thanks for joining me. inflation in the euro zone have 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 almost one percentage point from april. still, well above the target of 2.9 percent for 2020, for the price of food recorded, especially big rise. while the increase in the cost of fuel was much more modest. economists say it could be months before consumers experienced any meaningful reduction in their bills. to tell us more about this, i'm going to advise all star by senior fellow at google
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a european think time 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? hi, in the global markets are relatively tight. it was actually fueled by higher energy prices. also, there were some limitations seen in ukrainian and russian exports related to the floor. so there was a must see the increase in foot prices and it's continued versus on the quantity, you know, and then to price out, not forwarding. and it's helping also your customers. i want to ask you more about those of folding 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 seem to authorize the energy prices now are much lower than they've or before to start to do for the you impose a price get on russian oil. so the russian revenues from selling oil even lower now. and you know, at the same time this splitting single, successful in keeping russian supply and global markets. so there is no sort shortage of all function energy, even though opec countries from time to time cut their production. and they also have to say that the minds we don't reduction, especially for gas, was a very important factor, which also contributes a little over guessing processing the heat, okay. even, you know, many people we looking out 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 barkley because according to ration which is a measure of inflation beach excludes what a tie an edge and fruit for prizes. steel not to be high at 5.3 percent. it's a little bit lower than last miles, but still the above the utah central banks 2 percent target. and at the same time to main utah test, central bank deposition rate is still just sweep seeing the quarter percent so much lower than the 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 police. how are we likely to get to to get higher?
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now the main question once that happened in 2024 and the particular video or the kind of default link energy prices. you have now the opposite effect. then in fact, you've had it in 2022 because in 2022 high energy price increases, push the over at inflation. of the big question, how much to forwarding an enterprise, ease viewed, bring down inflation. but my fear is that the impact would be likely to lead me deep. partly because do euro pass, central bank is still not really tied. i mean, a suite to stay on a quote to a person that was introduced to you kind of people, you know, people steal, feel that their v choose and prices are increasing much faster than inflation also . but the see now is a growing vh pressure. labor unions and, and other negotiators the street, grease beach grows. so i seen that reaching the, i mean, yeah, low inflation. 2024 i think is you will not be easy. so i expect
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a continued rate increases from the euro cost 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 multi plan 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 foot operators housing, experiencing a sort full in 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 night to dw correspondents higher cards, k in delhi, tara, who stands to benefit most from this plan. or what i mean uh these plans uh seem to be designed to help in sort of companies who are being dealing with the salters
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of these panels in solar cells. but yes, they will end up benefiting chinese exposures. largely because these mesa is in any case in the 1st place, they were taken to discourage chinese imports. now there are reports that suggest that to india in both of solar panels with $3000000000.22 and more than 90 percent of it came from china. so once these measures are back in place and import, once again the 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, a lot 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 kinds of tax breaks for months now because domestic manufacturing has just
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not been able to keep up with the demand. uh, 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 that claim that what did you happen to achieve was only $63.00 gigawatts. so there's a big shortage. the prices of sort of balance of cents have gone up exponentially since these taxes were imposed. uh, and which further linked to the slight and domestic manufacturing. so yes, that, that's set for alliance program. it has indeed slowed down, which has probably led 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 there are reports that india is already a default position globally in terms of go to renewable power capacity edition of
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non fossil fuel to capacity. here is believe to be somewhere around $180.00 gigawatts, which is about 40 percent of the country's total 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 decides that we are talking about which has had a long, historical and, and a very vast, comprehensive dependence on cool. yep. so, i mean, the, the reports so far seem to be good. good. okay. if i take you there, tara cards, okay. in delhi, thank you very much. i or is deposed on 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 are report or motto per diem. scott travel to the country to find that work. poland is transitioning from coal energy to nuclear
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power. the fossil fuel accounts for around 70 percent of poland, energy production, and a huge chunk of the country's carbon emissions to nuclear power plants are planned to help change that. and they've got to get back to 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 energy cost always registrations profoundly. the remaining 25 percent of those 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, it told me, in my opinion, this location is a least suitable for building a nuclear power plant. because of nature. generally, i'm not against building nuclear power plants use um, but this site is extremely poorly chosen. i don't use those buttons as you should have a problem. just 30 kilometers away live these ruins from the eighty's out of sight were poland. first, nuclear power plant was originally planned. the project was discontinued after the term noble disaster. but there's been a major shift. some 86 percent of holes are now in favor of nuclear power. due to the environmental concerns and rising electricity costs to super. we should have nuclear power plants. it's the cleanest source of energy except for the sun. when i look 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. set you up to a 1000 and use the unfortunately, it's a necessity to have nuclear energy at this. and it's not just the 2 nuclear power plants planned polish oil refinery. orlan is planning to build 7 additional mini reactors pulses into some others growing interest from being joshua sector, which also needs a stable emissions free power supply along here with the small modular reactors. lastly, capital yield all their 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 show. thank you so much for watching from where you can always check, had dw dot com slash business were 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 the
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these glasses could take the world by storm, by making distant communication, feel more natural and get close. founders are convinced they're developing the technology required for 8 our glasses to get their break through. is the german started up one step ahead of the i t jones made in germany next dw sign 1000000000. plastic bottles are produced by the drinks industry every year. weld wide a quarter of this comes from coca cola. the company wants to do more for the environment and promises to recycle every bustle sold by 2013 green washing
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or real change coca cola and the plastics from the 45 minutes to dw. but he's got any issues or thoughts say what the the decides against climate change is a complicated one. everyone agrees we need to reduce our reliance.

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