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tv   Business - News  Deutsche Welle  October 21, 2023 1:15am-1:31am CEST

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it says it has released 2 american hostages for what it calls humanitarian reasons . safety, named as judith unnaturally ronada, the mother and daughter were among around $200.00 captives of doctors by him off during its terror attacks on israel. that's all for now, but stay with us. k ferguson is up next with your business updates. you can get your news. 247 on our website, best dw dot com and her mom's. thanks for watching. take care. the sometimes it's hard to find what you're looking for but we've got something for you. one of mankind's oldest ambitions could be within reason. what do you see? it really is possible to reverse the
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researches and scientists all over the world. for you know, race against time, they are peers and rivals, which one different goals to help smart nature the more likes watching it on youtube, dw documentary, the presidential election that could alter the course of argentine, now that economic history with control, inflation, impoverishing millions of people candidates are promising radical solutions will bring you expert analysis. also coming up, it's been a few years and then making no columbia as capital of bulk is finally getting a metro. but not everyone is onboard. this is natalie
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business. i'm kate ferguson. the thanks for joining me. this sunday people in argentina will head to the polls to elect a new president's. the vote is taking place against the backdrop of a d economic crisis. inflation, rates of over a 100 percent has become the norm and an increasing share of the population is slipping. in topography caston twice that reports every day 25 year old island torres makes around and not my tons of the largest district of when a site is the mother of 2 stuffs, whatevers recyclable into cods, like cardboard or plastic. she's one of the so called cotton arrows, old rubbish collectors. there were said to be about a $150000.00 of them. now in argentina, the cooperative that takes the material pace to collect as half the minimum wage. not much, but it's better than nothing. like this, you get that almost all you that was a license we have in this country today. when you become unemployed,
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you have to make sure that you have something to eat. no easiest way to do so well waiting for a company to take. you want this to go and collect recyclable materials and sell them to a warehouse. it may not be a lot of money, but you'll have something to eat at the end of the day. but there's only 40 percent of our intentions and now affected by poverty. the pay so is hardly worth anything . in inflation shuts up a 140 percent and september governments of tried time and again to turn things around without success. ireland long lost faith in politics ask whom i can ask whom i love, whoever takes office, i have to get up at 6 o'clock in the morning anyway. but the point is that we have to survive and keep on working. fighting the cost is going to be deaf and i will have to keep on pulling it up no matter what takes over as president do as an,
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as you see them on the, as on like an island typifies, of resilience shown by many here as to whether sunday's elections will help and the perpetual economic crisis. argentinians, a skeptical to talk more about this, that spring and power like in data. she's an analyst at outcome. asset management in one is there is probably about 40 percent of people living in poverty, a currency that is becoming more worth less every single day. how did argentina get to this point? it's the pounds are off a very 3 quint economic crises that has not been addressed properly for the latest . i don't know maybe 20 years since, you know, has not grown exactly since 2011, 2010 inflation that has been very high. and this is something very, very difficult to fix and also has the main issue,
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their routes or every single problem east of these kind of death is it and to walk through a tribute, this kind of mismanagement. what, what are the policies that have gone wrong here? what i think is to do is just fuller. menda has nothing prevented the necessary reforms that the country needed in order to fix the main issues, the main problem and such as the us. as i mentioned, the piece come deficit to okay, you said the crisis has not been adjusted properly. like thinking about an implementation of the comic pro and i'm talking every single thing on the sort of being the main economic reforms, the country needs of labor reforms please cut reforms. right. political to reach more. okay paula, stay with me for a moment because i want to look at the people who are promising to implement the reforms that origin tina needs. let's take a look at the cost of the concepts who are promising to turn the country around. so 1st of all, we have sadly on masa,
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he is the current economy minister and he's from the and baffled ruling parent as to piracy. and he's known for being a top hon us making deals. then we also have patucci of bully rich. she is the leading conservative confident, whose cold capital controls closed instruments of torture. finally, the front runner, a heavy, emulate libertarian economist who has promised to blow up the political stage says, quote, pilot that front runner has a me late. he wants to switch the country's car seat from the peso to the us dollar . what impact would that have in the shores, on the long term to so we truly, the country doesn't think not the people are not even the economy's not even his team is actually thinking that the recession is possible in argentina is like that he's main police,
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the hall can pay and it say let's fill up the center by unclipped store at ice the economy. but we don't really think that's possible that this time there are not enough dollars. so the country is not doing the right shape to go to the station. so we don't think it's going to happen. so you think if he wins the election, he won't be able to, you know, and live up to that promise of radical change. exactly. okay. if we look at the situation on the ground, we saw people in the piece, they're picking up trash just to make and meet. how are people in the country coping practically? i'm psychologically with this situation. what social discontent? east rising? a lot people are not happy at all about the current these current administration. that's why a guy like play saying, so, you know, it gave us that gusta, on this blog, defense, audubon glass or rice economy. let's change things. he's actually having an
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attraction and the rest of the people this why he's leading the pulse is because he's actually saying that's and the situation the survey sweets on. exactly so. so people are really ready for this change. know argentina also has a huge amount of debt to pay to the international monetary fund. in the summer. we thought china staff and offering a currency swap so that loans could be paid back in one. are we likely to see more of the us? yes, of course. because these, this is about my son, the current administration, the strain to it's right in some defense or bank international research that actually 25, medium lawyers, netflix, good, recertified, negative. so defense or the bank is very weak. and you so really intervening very heavily in the effects market in order to keep the, the, the dollars up. so to levels. okay. power like and are,
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i'm list of outcomes asset management a thank you so much. thank you. you know to some of the other global business stories making news, the cost of industrial production sell by almost 15 percent in germany last month. the shock was dropped since surveys begun. the decline is primarily due to fully energy prices, which has a record high in september 2022. consumer price decreases, tend to live a few months behind leading almost to on tis the pace weaker insulation. global carmakers colanda has, has sold 3 jointly own factories to dunk, sang moses as it continues its withdrawal from the chinese market to deal with $234000000.00. we'll see. don't think acquire a certain lawn to swipe buildings on structures in on, on showing. yeah. it will also continue to produce fusion on the trunk models the
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plants you as prosecutors have the q 3 high profile crypted currency firms of defrauding investors, of more than $1000000000.00. the new york attorney general says crypto platforms gemini janice's on digital currency group lies to investors, created full financial documents, and withheld information from credit service. to companies say they will fight the claim. we're going to take you back to latham americanized to columbia. this time where a construction of a metro in the capital focus is underway some 80 years after it was 1st conceived, the decision to award the contract to 2 chinese companies was not without controversies. still in the said he plagues by traffic times the project should provide a welcome rest by 2 commissioners, demolition work and lots full of rubble, the construction sites for the baton metro initial plans for the public transport system came out 80 years ago. now the 1st line is being built. a dream come true
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for many, but what time use is it can nothing from the moment about what time you was born, the subways always being talked about at home. you know, everyone had long lost confidence in the subway ever being billed. everyone's been saying when will be good to have a metro maple. the 1st attempts fail due to lack of funds. another attempt was promised to be ready by 2020, but nothing happened. now the system is finally under construction with many modifications. one of them it will no longer want underground. when will it be ready? you ok. ok. see appointment? i'd say if you take an 8 year old girl, when she's 15 years old, she will be able to ride the subway at least the 1st line. and by the time she's 20, she will be able to ride lines 2 and 3 i meet on. but when i say when it's a fairly new, according to current estimates will go to will pay around $5000000000.00 to sign those hardware engineering company which will build and operate the system. the
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company's controversial. it's bidding grossing corruption scandals in other countries and will sanctioned for the lease. in other projects, they decline to provide a response to the w. what are the main factors in recent construction delays, political pressures, se experts? the same for the dancers, it is important to get serious and put aside political points and instead take sincere responsibility to advance. one has already been a chief of it. otherwise we are moving 2 steps forward and 5 steps back. and then it will be impossible for the city to solve it's congestion problems. lucas, it was another problem. i think, well, he's going be quick bullet, tanya, is hope the metro consult mobility problems and alleviate the overload experienced by the bus network. but the metro is only part of the solution, but i could thing that was one a, a, according to our data was that 13 and a half 1000000 trips are made every day in both by the year 2030.
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the subway, according to official estimates, would be moving more or less $850000.00 people a day. and that is a mere 6 to 7 percent of traffic is 50 percent. after waiting for the metro for more than 80 years, it's possible that the most expensive piece of infrastructure in bullets us history will not be enough to bring relief to this traffic job city. and a reminder of the top business story we're following for you this. our presidential elections in argentine are taking place this sunday, against the backdrop of a d economic crisis. inflation, rates of over a 100 percent have become the norm on an increasing share of the population is slipping into poverty. that wraps up our show from where you can always check out due to leave dot com slash business from me in the team is by taking the
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business the new year. happy that we are boxing the story. we have a, getting a visa is more difficult than finding gold hosted to use the sales force and for the future in the stories and issues that are being discussed across the con. you news african next on d, w x to swedish. all the chinese with a swedish design to combat the engines for trains
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in 60 minutes on d w, we just got some hot tips for your package, the magic corner. feel free to use, check on some great cultural memorials to boot. regarding the as deep i was in use africa coming up on the program, thompson is killing a growing number of africans, but as a continents well equipped to fight, it's an idea. we meet a celebratory who survives cancer and is now using his platform to create the awareness about that disease. also ahead as more for comes migrate, so we look at where they are going. and why do seeking asylum in south africa having to wait for years before get to know nonsense and a can?
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yeah, we look at house.

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