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tv   Business - News  Deutsche Welle  September 14, 2023 5:45pm-6:01pm CEST

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the state of a business on the box invalid and welcome to the product from the european central bank has hiked. it's k interest rate for the 10th consecutive time in a row. and now stands at 4 percent as press conference following the decision. you see the president christine my god, pointers to persistently high inflation in the your as and as the basis from a decision. and they have comes and made a we can economic outlook in your past businesses and can see him as struggle with high prices of more and this time during the industry to invite you to a business or both and not just respond. explain with as much as so, um, you know, just focus through this issue. yes. another right site by the cd. but why does this will matter? well, well, i can tell you, i'm really happy that i didn't have to take the decision today. this was a really close decision christine regard. talked about this in the press conference there was back and forth. and during the meeting, the decision was basically between hiking or keeping and studying. now,
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the difficulty really is the to not in outlook because there were new numbers today, the inflation will remain higher than these to be like it to be. so they need to act. but at the same time, there is, uh, you know, growth is sluggish. now the difficult thing here is, but they used to be tries to raise interest rates to sort of damp and business activity, or at the same time, they don't want to do too much because they, you know, may hide into the recession. yeah. if it's permanent trade off, if they've gone through, you know, they've got to get it, they've got a, got the inflation down and not drive the yours on into a recession like you say a. so we know what impact this has within the yours and borrowing rights increasing here, but actually the impacts of it needs to be a decision like this is beyond your so what was that and thoughts are going to have on the rest of what? yeah, so um, what policy makers have been saying in the past couple of weeks is that they will accept slightly higher unemployment numbers, maybe slightly less growth to really bring down inflations. now that has effects on
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countries that, you know, doing a lot of trade with yours on countries. now, that's a big concern for e commerce, like poland or the check republic, the, you know, don't have a euro. but also then there are countries like in your turkey that are tied into trade with the euro zone, and they will be impacted by a possible recession as well. so, the be, isn't, you know, concerned with that per se, but it will come, you know, complicate their task. yeah, and you mentioned that the west thing economic how it works. so what does that mean going forward? are we getting a, an 11th and the 12th like after this? yeah, so it's not clear yet. they kept their options open, but they have hinted at the saying that this may be the last hike they're doing. so there was a new language in their communication to say on this maybe, you know, sort of a pause for a while. and this ties in with language that central bankers hasn't preparing for awhile. it's like the sort of new paradigm of hire for longer. and this all has to
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do with inflation expectations of consumers and businesses. central banks really don't want that people sort of lose trust in the central bank to keep taps on money . and that's where we use the numbers for next year or so higher than the c b wants them to be. that's why the rates will probably stay elevated for a while. okay, and i suspect then thank you very much. the thing is up to date on the latest from the rpm central back it's moving on. now i'm talking about bit more trade. the 1st look at some of the global business stories that are making the news us regulators say space ex could get an advance launch license for another space flight as early as next month. if so, the launch would come early months after a rocket explosion in april investigation next to the company being required to dozens of corrective message measures from your sources. i work as
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a set to strike with the union targeting for gm and chrysler sciences. the 1st have a similar time you strike against the choice. big 3. want to make is of all for the $146000.00 employees, pay rises of up to 20 percent of a 4 and a half years. but union is asking for twice that of the french start up, says it's raised to been in yours for an electric called factory giga factory. boosting york's efforts to develop effective dominated by asia is and region in northern front. say that of the electric vehicles actually make is and dana shipping company mask has launched an emissions free tank of powered find nothing. no, it's so so phone company that will produce the also, if your international shipping represents 3 percent of level 4, you have gas emissions. last 11 is responsible for 1000 of we'll see, or attorneys. trade in goods with india is
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searching ahead for september. so exports to what is now the world's most populous country, increased by more than 20 percent in the 1st 5 months yet. but there are complications and apparently upholding western sanctions against russia. allows countries like india to fly up cheap russian file refiners and then ship it to your for a half the profit. some of the oil is arriving in gym with the tensions between your and china. increasing i asked deli correspondent, charter casa k, if india has taken on a new trade role for jen, or what of that does appear to be the case right now, rob, of some very interesting details in the figures that have been recently released by germany's federal statistics. department at these figures, so that from january to just july, only busier. germany imported goods was more than 8000000000 euros from india. but
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that's an increase of 1.7 percent on the year to year basis. and if you don't get a 5 year window, that is from 2017 to 2022. this means that germany's in both from india have almost doubled. that's a massive height, and that's a massive height in the trade relationship. and that's just the import exports is just another story. exports to india from germany went up by more than 21 percent. so i mean this, this brings india really close to germany in terms of the freed relationship. and now in the ranking of the most important recipients of germany's exports, india now ranks ahead of brazil and canada. so that's, that's just a dramatic change in the picture as far as the german indian trades relationship is concerned, rob. yeah, and that's how the numbers buried tile. but what, what, where does this become tangible? what sorts of things and now flying back and forth between these countries that were until or are doing and, and you know, and great volumes as well. what these figures suggest that this growth is allows you to hide in boats of oil products. these are mostly, uh,
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refined petroleum products. those products that you get off the refining crude oil . and these figures suggest that the bolts of oil products increase more than 12 times in the speed it from that is in from january to july this year. uh, they were 37000000 euros. there was 37000000 euros area. and in july that went up to 451000000 euro. these are mainly gas item boards. as apart from that, governments is also a major sector that has been identified in the industry. board. clothing was the most important product accounting for 1000000000. the euro so loudly, these 2 appear to be the centerpiece of this evolving relationship. the, the charter, kotik k that india has a plastic problem, particularly with the colon polyethylene or pet drink off to us. less than a 3rd of the $3000000.00 tons of plastic waste, india produces each year, gets recycled at the rest of it ends up and landfill listening. that landscape,
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however, common makers now finding a way to breathe new life and to the left over both this machine is landing for easter and cotton sites deformed subjects. with these parties that fits odyssey made directly from petroleum. it's those from recycled bed boxes. fit board moves and engineering plastics. okay. highly be squared. less taking offense. many restricted. i get 5 bed borders of data. plenty. so why not? they make a fiber or 10 boxes and you alone consumes 1400000 tons of plastic every year. along with it, gums of responsibility to handle that plastic waste in an efficient manner. shooting up volume is located at google in south indian state of them and not converts big portals to about. it all started with the dock because who collect the
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bottles and give them to an agent. the agent converts these bottles into start compress plastics which arrive at this crossing facility. every month we crush $800.00 tons of that plastic these back plastics go to various stages of sorting. verify both. these are separated from work is gaps, people and other materials. these are the incentives to update the signing plastic piece is called re so i can spec flicks these flicks of voice with caustic soda rings. i'm dried to remove dog says i owe them what to use. the next step is to make these hot voiced leaves and then what them to police do 5 was according to customer requirements, sport action, local list of label is done via technology card though they acknowledge that one did use that. we do not use
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a single drop of water in collecting the funniest to find. finally, the police to 5 is mixed with other materials like cotton, to form fabrics which are then tailored to make weight is about it. has been weekly a product which is event, this super sustainable product, it is normally 20 percent more than the conventional police to us, i think based a gomez. so people who believe in this recycling, we give them the traceability information from government to the way smoking that is being picked up. so any consumer will buy is overcoming. there's a few articles which he can scan. and he will know from way of the waste was collected for his particular government in india, the big side industrial guns for nearly 5 percent of the companies g, d, p. it is also one of the most polluting industries. fortunately, the sustainable fashion market in the country is set to go at 11 percent to reach 10000000000 usb by 20. 25. is just
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a reminder. the top is a story that we're following for you. this. our new york in central bank as height is keep interest rates will be 10 consecutive time in a row. and now stands at 4 percent. you see the president christine, the god point is to persist in the high inflation. yours diagnostic basis for the decisions may have comes and maybe we can economic germany's trading goods with india is searching ahead, official justices to exports to what is now the world's most populous country. increased by more than 20 percent of the 1st 5 months. so from the end of business team here in berlin from 1115 to we don't com slash business, you can also check us out on the data. we can use youtube channel as well, and we don't facebook as the domain don't business to the next, tyler, the
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secure any evidence you can make. the types of changes in south africa. poaching is a business with millions of heroes often remain undetected. that has to end and so ranges are now being trained in forensics. turn snow to purchase noble in 90 minutes on the w. good. i wish i could have done more the same. you just click away, find the best document on you to really see the world. never seen it before the dr. no to dw, talking to the question of the question about life
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the, the, you're watching due to the news coming to live from berlin, with the and officials of say, up to 20000 people may have died in flooding caused by torrential rain and bursting downs. the un says casualties could have been avoided, a functioning weather system also come out on the show, the, the a telling island of lump it inside is under a state of emergency. for a record 7000 migrants arrived. overwhelming local services.

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