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tv   Business - News  Deutsche Welle  October 10, 2023 3:45pm-4:00pm CEST

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of the do when things got heated on the mazda, but the good news train has been shop for you across the world, into lea, indonesia, australia, been 2 emotions, outreaching and we're going to have more now on the international response to the attacks in israel. t w's, tommy, or la pito is following some of the reaction on the african continent. tell me, what do you've been observing? the reaction is mixed, as you can imagine. there are some countries which like kenya, for example, who have called for cause and, but also condemned this as what they,
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what tenure calls an unprovoked attack by a mass in saying that israel has the right to retaliate. you have some countries on the other end, like south africa who's outright also condemned this, but bleeding, the escalation on is ready provocation. and then you have all the countries like major and you've gone to who sort of generally just that, you know, they should be a consideration for civilians as the priority. and that the escalations, the hosted disease should cease. what does the variation to you say about the differences and approach to this? well, i think it stems from africa just being 54 countries. you know, so it's, it's um that there's a lot of opinion, a lot of different views, even the african union as an organization has given to a different response to this from some other countries. but you do find that some, it stems from each countries relationship, for example, in israel, and the palestinian cause the north african states, for example, generally go with the arab view, but you've seen recently sedan and morocco, step away from that and going towards normalization along the lines of the,
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of the abraham accord. so you have all the countries who rely on israel, for example, for security and intelligence. and they want to maintain that relationship. we see that, um, for example, israel spyware has come into the d for a lot of african countries. and so that will be careful about how they are they speak out against this? how representative do you think the government statements are to then the citizens you? if you can give us a to specific examples of where you see that play. um, as i mentioned, you know, for example, the north african countries or seem to media, for example. um, you know, which has had some responses that we've seen lawyer has come out in march. so supporting the policy and people. so that's, that's been going on that's in line with, with the government and align with many of the other north african states. and as i mentioned, some governments are doing this because they as a government are have this, this policy. but a lot of african people see the palestinian cause as
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a reflection of their relationship with the west. and they see as well as a come as an extension of the west, and that's why the people, for example, would genuinely one to side with the policy noun clause. although you also have a christian influence, sometimes that also gives some sentiment towards israel. but on the other hand, you have countries like south africa. as i mentioned, south africa has stones need been pro palestinian right from the beginning of, of block majority rules. we seen people, for example, muslims that come out and and, and supports the palestinian cause in this particular issue. but also to mention, i think it's important to mentioned that supporting the policy knows doesn't mean support by mass. but there is this um, outcry and people just coming out to speak on just to support the cause. but generally you find that there is, um, the, the what the government say is not always reflective of what the people believe. tiny other people. thank you so much. ok. so
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some fear that the conflict could spill over into neighboring lab, and on meanwhile, is really army says that it has killed a number of armed suspects who had cross the border from lebanon. and that it's attack helicopters have been striking targets in the area. but with lebanon's economy in a dire state, many there say that the last thing that the country needs is a new war. monday morning and a baby read cafe. some friends, the playing a game with back gunman, others a, glued to the news. the escalation between israel and the mass is being closely watched by people here that worried the conflict could spill over into 11 on each of them has lived through was between israel and 11 on the last in 2006. how to behave with the boys really, the last thing we need now look, the, our economy is already in shambles. mission positive ahead of us is all outside the f one i q that i'm worried about my children and about my family behind the boat. a
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israel is strengthening its positions, then in the afternoon fighting erupt. these rarely all me says it killed in full traitors, entering from lebanon off to that is really how they coped as a tech positions in southern lebanon. this is where he rains aside, and those are all a lead up. the rate, in fact, militant group has beloved on the weekend to support as rallied the message. we already have come back as well as the strongest military force in lebanon on sunday . it said it had fired missiles and shelves towards israel, but on monday denied any involvement in the latest attacks. on a log book has been law is cautious because at 1st he knows what would be the prize of is it a union made it to the strike, a confrontation would be bad for business. just last year, these railey and lebanese government signed a historic agreement on gas exploration in the mediterranean,
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even has the law accepted the deal. he's putting the money time uh bought it. the deed was uh, is that i end up on the which both parties have agreed to uh, define their money time border and to split that other than you money that heavily indebted lab and own depends on and that revenue would be on the line. if a fresh war broke out with israel, now global oil prices meantime have risen since the attack on israel, driven by worries that the assaults could escalate into a regional conflict in tangling oil producing nations. that's reviving, fear is of another period of high prices that could fuel inflation in many parts of the world. last week, the price of oil hovered around $85.00 a barrel down from $97.00 a barrel seen in september after saudi arabia and russia reduced global supply. the surprise attack is causing the price of brent crude to climb once again. now above
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$88.00 a barrel. a spring indeed, ivy of business or florida marie xena. um. so explain this to us. the connection between what we are seeing transpiring on the ground there in israel and gaza and the oil prices. right? so oil production or oil transportation is actually not been impacted at all yet from this conflict. because as well as non oil producing countries, the reason that oil prices are spiking right now is because of worried inflict will spread. and so that's a lot of dusk being tossed up into the air. and many analysts actually think that the, the dust will settle soon. but if real oil players are impacted, like you're on, like saudi arabia, we could seeing a prolonged increase in oil prices. how might the picture change if we do see energy actors indeed get involved or be affected by this? right. so analysts are in 2 countries in particular that the ron and saudi arabia let me start off with a run. a run is
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a big oil exporter and it's really officials have actually said that yvonne directly supported homeless in this terrorist attack. how come the spokes person has said that iran has? uh, that must have to run support though you run has denied these allegations. but if western countries actually doing key wrong to those attacks, then punitive sanctions would follow on iranian oil exports. and that would inevitably also have an effect on the oil price. we looked at saudi arabia. so the radio was just and talks to normalize relations with israel, and the us back deal in which saudi arabia agreed to recognize the existence of israel and the one hand, but also increase production of oil in order to decrease the oil price. as he mentioned, oil, oil prices have been up fueling inflation around the world. now if this deal fails because of tensions around the world, that also means higher old oil prices. and how about the is really currency? where does it stand and all of this?
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right, so this really currency has suffered from this conflict on monday is really currency was the worst performing currency. it was down to 3 percent or it comes to next to the dollar against the dollar. so the conflict is obviously worrying investors. now the central bank has already stepped in and flips that it was ready to sell up to $30000000000.00 in foreign reserves in order to prop up the currency. central bank has actually never done that in the past. so this is historic. but we should also note that this is not necessarily new development for the shuttle. the cycle has been weeks route this year. it's, it's, for example, suffered when the is really government announced reform plans to, to take away powers from the country's top court. so this is not necessarily an outlier, and the overall trend we're seeing in the currency right now, are you seen a thank you so much. i or you're watching data, you news quickly before we go, we will leave you now with images of major cities of the world,
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marking their support of israel in the wake of the hamas attacks. we are back at the top of the hour, stay with us. if you can, the,
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this is the, the, the news why somebody and the guys and leave that homes as israel steps up on the bottom of the territory. thousands shelves in un schools as others have egypt. is there any prime minister benjamin netanyahu wants that he's countries as strikes a just the beginning about the response to the how much the tax will echo with its adams for the generation. that's growing phase of the conflict could spread to neighboring but on the prospect of another crime.

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