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tv   Business - News  Deutsche Welle  June 30, 2023 11:15pm-11:31pm CEST

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is nothing for the faint hearted and offer spectacular views over the surrounding countryside in western germany. the design and construction took 6 years of back and forth between swift and german. the engineers who use 3 d modeling to create a bridge that can withstand all types of extreme weather. as you're watching the double you near his line from berlin, inflation is in europe, but not for everyone. chris kolber has all the details on the w business. that's up after the break. thank you so much for being with us today. by the guardians of truth. my name is joan dean and i have paid almost every price of being enjoying this in a country like turkey's taking all the powers that be the risk. every thing
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john don't r s 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 country for the people who are behind the bus for their most people need to know what is happening there. you know, are series guardians of truth watch. now on youtube dw documentary the, the energy costs are largely down the price of food and drinks is still elevated, inflation into yours, on ease, somewhat this month. but individual countries of the single currency block face individual realities will tell you what to make of the mixed bag. also, coming up in the us competition commission reportedly wants to scrutinize merger
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plans between carriers, air india and for star up here from our correspondence. what this would mean to an already stressed aviation market and hollywood summer of discontent dramatically escalate this weekend with actors ready to join a writer strike that's already rippling from the local economy. the scope of work into the program, inflation into euro zone is to 5 and a half percent this months down from 6 point one percent in may. according to the us sophistic agency euro step. while the energy price of sell those for food and drinks remain high, the latest inflation data has revealed a mixed picture for the 20 years on countries with inflation dropping and solomon rising and others in spain, inflation dropped below the target of 2 percent. while it is more than triple batch in germany. all right, let's take a closer look at the matter with cell on fiedler. he's an economist,
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a baron berg bank. welcome to dw solomon. energy costs are down, in part because people in europe don't have to heat their homes during the summer, but food prices remain high and people have to eat regardless of temperatures outside. so what really has changed? so overall i would say the dispensation trend is still intact, so we are seeing inflation rates coming down now about as quickly as the head searched last year. costs. inflation is still fine about the see these targets. but given the problems we had last year, i think um, what we're seeing now is more or less the best that we could afford for. now, 3 member countries of the arizona, namely belgium, luxembourg in spain have an annual rate of inflation in june. that is lower than they used to be. is 2 percent target. what are we to read out of that? but in the end, the easy be will have to, um, target the accurate as it gets picking up for the whole of the year
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a zone. and then keep in mind for some of these country differences. um that is also a measurement problem and especially with regards to energy prices that are differences . um, how the individual country statistical agencies approached us on some of them have or so also changed our methodology. and recently, um, so it's not always easy to just look at the headline figures, compare them, but in the end, yeah, the heck are good for years. i just met this with easy b. right? that's all on explain to us why is inflation dropping in spain to below 2 percent, apparently, but increasing in germany to 6.8 percent recently. yes, so, so as you know, germany is the one outlier that inflation has increased in june. but this is almost entirely due to a statistical sector from the intervention by the government last summer. as you
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remember from june to august, you had this very you have any rebates and public transport tickets. the 9 year old tickets and then also a motor fuel rebates. that pushed prices artificially down last summer. and now we see the reverse effect um with inflation going up in june. but that would be a one else effect in july. i predict that july. the inflation rate in jeopardy will also come down again. solomon briefly, if you went to europe in central bank intends to stand firm in their conviction to continue to raise interest rates. is that the right step? um i guess you want to at least um move or at least try to show that you are committed as early as possible in the hope of having then to do less in the future. so by communicating, i guess clearly that the used to be once to fight installation that advance tab to fight inflation. and that's what we'll say half later on has it out in as much as
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it does that hasn't done, doesn't have to raise the interest rate is quite as bad as it would have otherwise . settlement taylor of baron burbank solomon. thank you. thank you. not to some of the other global business stories making news. apples market cap has surpassed 3 trillion dollars trading at more than $190.00 a share. this is a new hire for the tech giant and signals that investors remain bullish despite the company's warning. earlier this year. the revenue was expected the fall. shares of apple are up 47 percent year. today. the international monetary fund has agreed to give pakistan a $3000000000.00. bailouts economy, a suffer from rising prices and crippling debt. while political struggles have deterred investors. the deal could mean tighter government spending and a free floating exchange rates. unemployment, unexpectedly rose in germany and june,
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according to official data. the joblessness rate is up to 5.7 percent, another sign of weakness and yours biggest economy, which is currently in a technical recession. now i plan merger between 2 major airlines is reportedly being challenged by india's antitrust body, which says the deal might result in a monopoly the tie up between air india and the star i was announced last year as a way to take on logo rivals, including indigo, and the least turn carriers that dominate about outbound traffic from india. the competition commission of india, aflac certain routes and travel of categories has given air india 30 days to respond. well for more let's cross over to delhi and dw corresponding to child real car to k charl. what could air india do to address the concerns of the competition commission as well? chris, to be shops. none of the bodies involved have made any statements on the issue yet,
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but then uh, what experts are saying is that there are a couple of concessions that they didn't go might have to give. if c c, i really insist upon c, c, i being the monopolies regulator here in india might have to give up certain routes . it might help to reduce the frequency of some flights. that's going to be one step of the problem off of that they're, they're supposed to be the national problems as well, because in denver startup, both of them defy on international routes. so they will need a anti trust. it is in foreign jurisdictions, jurisdictions as well. so and uh, is about into waiting for a, the, in the, a part of the problem to be solved 1st and then see what kind of questions come up in the flooding jurisdictions. chris, what's our giving up certain roots reducing frequency? would that not put even more pressure on an already stress system? i mean navigation fairs and india are among the highest in the world because they're so much demand compared to this to the supply on the market as well. yeah,
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that's right, chris. the system already appears to be stressed, in fact, according to one report, the ticket prices in the last year or so have gone up by over 40 percent. that's a big hike and considering that they have a height in any case ever since both spend demick travel began to expose, have not been able to put this thing good on any one particular reason. but there are host of reasons which i believe to be responsible. so there's a sojourn demand, post append to make a bed, and a the, a bed in failure of the airline companies to keep up with them on the high prices of aviation turbine fuel as well. and then recently of my airlines company go fish, also big lead insolvency there by further putting pressure on the system. but the situation appears to be dynamic of both the airlines are flying on more routes now and a new a line company. our costs are also came up in the last few months. so yeah, i mean remains to be seen in which direction with the situation head from now. now using this merger with the start air, india wants to become
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a global power house and navigation. what are the chances of that happening provided the competition watch dogs do agree as well. yeah, i mean the, the signals are all, all data chris, that's and yet is likely to become one of the biggest market bed. in fact, the projections that, along with indigo, the new motors, the entity will both of the, among, among these 2 entities. they have controlled about 80 percent of india's aviation market. now now those are big numbers for any airlines or even to airlines to be looking at the engine dies already appears to be doing well. there's a massive 5 jo turnaround plan that was, i mean by the company when, when, when the topic group took over in the last year. uh, the group, the hopes to be spending about $200000000.00 by the end of this year on a on no, no, no, no on a grand $200.00 on the plan. and uh, the, the system preferences already is good and then passengers that will be flying at
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least to germany on gustavo, instead of of middle of concept. so yeah, the shift does appear clear, the trend appears to be visible, dw, and correspondents toggle card. again, natalie charo as always, thank you. the clock is ticking for major hollywood studios to strike a deal with sac after a actress union to avert a 2nd labor strike this summer. the threat of ale stars like jennifer lawrence and meryl streep to walk off the job comes on top of a nearly 2 months work stoppage by the writers guild of america, which is already reverberating through the local economy. a vintage type writers, candy colored rock and roll dreams. even skulls bones and its highest skeletons, the shelves of history for higher, oh, well stocked this hollywood prop house has anything is cetera. so might be looking for what's missing customers for months that have been no new productions in terms
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of town, hollywood writers or, and strike. and a major part of the city as economy is running dry. even though there is a strike going on and there's a work stoppage, it doesn't stop my staff's rent. it certainly doesn't stop my rent. it doesn't stop our utilities. it doesn't stop our cost of living. and things are just so much more expensive cents a pound dummy is the 1st rider strike hollywood has seen in more than a decade. and it's been long overdue, said the writers who have seen no budget streaming productions cut into classic movie and tv content. and most recently, the rise of a i, many of the business have seen the paid drop, unsure of the future. and in the future. and one of the
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actors and actresses are making a similar point. the contract is about to run out. and they might go on strike as well. the impact this could have on the local economy can be overstated. not only perhaps stores, but hotels, restaurants and tons of other businesses are tied to filming in the city. the last, hollywood strike in 2007 and $8.00 cost california more than $2000000000.00 and help to the states into the great recession until 2009. and just a reminder of the top of business story, the following for you at this hour. inflation in the arizona used to 5.5 percent this months down from 6 point one percent and may, according to use 260 agents, the euro steps. while energy prices fail, those for food and drinks remain high. that it has revealed a mixed picture for the 20 years in countries with inflation falling in some and rising in others like drugs. that's our show. thanks for watching. i'm 1st cockburn
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berlin, have a great weekend, the west making the headlights and what's behind them. dw news africa, the show that hopefully issues shaping the continents slowly getting back to normal way on the streets to give you in the report on the inside correspondence is on the ground reporting from across the continent. all the french stuff from outside to use. the ico, india, how can a country's economy grow in harmony with these people and the environment? when there are doors, look at the bigger picture, india, a country that faces many challenges. engines, people are striving to create
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a sustainable future clever projects from europe and india. india in 60 minutes on dw, we've got some hot tips for your bucket list, the magic corner chat, hot spot, and some great culture memorial w travels off, we go the best as the domain, use africa coming off on the program recreational use of prescription drugs on the rise in west africa, tramadol, cheap and effective pain killer, increasingly gaining addicts would take a look at its growing misuse and gonna discuss a similar trend. and nigeria also coming up on the show the ball.

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