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tv   Business - News  Deutsche Welle  November 4, 2023 4:15am-4:31am CET

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to watching the domain is live from vanessa, reminds they can find much more news analysis and video on a website that is d w dot com. you can also follow us on the ultimate, on his x at dw this next. so it will relate his business with my colleague kicked back to take care of by the secret slide. discovered more adventures and 360 degrees and explore fascinating. both heritage so that way you world heritage 360. now hello guys. this is the 77 percent the platform for these issues and share ideas.
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you know, on this time i'm not afraid to pass and then it gets to talk to the young people clearly have the solution, the future of the 77 percent every weekend on dw, the a few cranes economy adapt to war. time conditions. economists warn labor shortages in key sectors like steel, good home for the country sicilian, in the long term of the coming of a poor, unexpected right field in india comp, fingers. the price was to fillasy of global food supplies. this is the w business. i'm paid for, i guess some of the thanks for joining me. as much as warren ukraine rages on, those who have stayed in the country are adopting it toward time conditions. in recent months,
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domestic consumption has risen on electricity supply has remained stable. filled the challenges are enormous, millions of ukrainians have enough to contributing it to major labor sources into sectors like steel. this is the party starting associate. you're still planting the southern ukrainian city office of pottage here. this factory has managed to keep running in defiance of stuff. shortages blocked exports, power blackouts, and the threat of russian design a tax. it shut down temporarily the last year for the 1st time since the world war 2. now the plants manager thinks the future of ukraine's once mighty steel industry is in doubt. you know, we will an ocean, the war has impacted our production as well as production of the whole mining and metals industry. so it's one of the sectors that suffered the most from the war. your call may be sure, almost 50 percent of the entire sector is not functioning today. let's say we just
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need the name. the nipple to ukraine's annual stood up with from around $22000000.00 tons per year in 2021. to a little over 6000000 tons in 2022. off to rush us invasion. in the 1st 9 months of 2023 production was down to forward to 17 percent a year on year at nearly $4000000.00 tons. the latest data shows the slump is in part due to russia's territorial gains that have led to the loss of control over or destruction of giant plants such as stuff already started. in addition to the stop shortage for many workers left to serve at the front line. some of them serve at this up. what is your front? i'll just serve at the dawn. yes. from before rush has invasion dermatological sector as a whole. the concept for 10 percent of ukraine's gdp and taught 2 per cent of experts. with blacks, the shipments virtually nonexistent due to
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a rush of the blockade. still makers of sending as much produced by a regular to europe as they can. even the rising domestic consumption during the war is not enough to sustain a sector that used to export 4 fifths of its outputs. to talk more about the face of the ukranian economy, i'm doing that if i or they not belong to the chief economist out rocking capital investment fund based in keys online. and you said in an interview recently that ukraine economy is adopting to the war. how does that look on the ground? yeah, that's true. and actually uh, this year there was a surprising developments, positive developments in your brains and call them in the beginning of the year receipt and a total of many sectors, especially those related to the domestic consumption. but also some experts to the end of the sectors as well. uh so and the overall different costs of this year is
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now that the buyer were in a house $4.00 or 5 percent after venture 9 percent collapse last year. that growth will require workers. so and earlier this week, ukraine's economy ministers that the country's recovery depended on the return of the 4 point. 5000000 people who have fled abroad. labor shortages are a huge problem right now. what sectors of the most effective i think it's not a huge problem yet. also receive the reports about the companies that they do experience. i'm sure official workers, but it's not. it's not a huge problem. i know that the issue is that many people left ukraine, so they settled to on, in euro either today or the last and that is not short to should of workers overall, but she doesn't qualify qualified workers. and you have the problem to become more if you run the water is over and you're going to turn on then of course,
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to more of the big construction that pass. so it will do vital for the government to, to uh, to return their warming grants. uh, and maybe a brand new needs also to attract, to work me brands from other countries. and what does the government need to do to provide for the potential return of these 4500000 people? now there's actually 6 people, 6000000 people just left to your grade even more than 4.5 to be done that the government was new. but there's, there's 6000000 people that like a split experiences are future bits, bins i, children and adults mostly v ma'am. so the security association will be so critical for that internal, well, what is your use?
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uh, but also of course, so the basic service has been used to be insured. like those who uh those uh, who lost their um, housing. so they, they would need to, they provide his visit at his house in schools to an access to health care. will they will also be in for teams the ukraine has been slipping out of the headlines recently as the world's attention is focused on the israel homeless conflict. how concerned are you that the economic needs, if you claim that might be compromised as a result? you know that that's the, that's important for you. great. the international. so for 3 man survived. so a bridget goes with friends or call me the key reason of the quite surprising because it should have gone into 400 this year is that your grading was supportive but by international partners, not the military, but also financially. so this here is the,
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the i fives and the additional dollars a month on the government still provide to both interested in the gym dollars of financial aid. so your grade, this is direct project support and basic and it helps to cover the budget deficit. and also supports most economic stability and the dogs is spanish and of course it will be impossible for the concept to, to, to keep them and they call them a as low as so this support is vital. and the show that they're continuing next year because your brain fights for them for the whole you or they not belong there. and you can watch the full version of our interview on the dw news youtube channel. now to some of the other global business stories making news som, by one fried once known as the crystal king, has been found guilty of 7 kinds of food and money laundering. prosecutors that he lied to investors, and lenders closing billions in losses expected to face decades and present
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shipping time may i ask, who's the co 10 size and jobs as a report, a steep drop in profit and revenue in the 3rd quarter. the danish company says lower demand of high inflation, high purchase, bottom line a poor than expected rise sealed in india has prompted concerns about the commodities debility on global food markets. india is total of why side put could be done by as much as 8 percent due to a sharp fall in the winter cro because of the bad weather conditions. that phrase fear is that the government may extend export funds to keep prices at home, study ahead of election. now india is by far the world's largest export or of rice. you can see it here with thailand. vietnam unpack, as don relatively far the heinz back in july, a global prices search. dr. government bond export of non plus mosley. like to
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talk more about this last spring and dw correspondence, our cards k in daily terror, rice i put, could be done by as much as 80 percent this year. how much of a blow is this for farmers to get? it's nothing sort of a setback for farmers know this is one, some things were uneven. first, there was a dry spells and they were floods at a lot of places where they were no slots, but then farmers had almost a cropped ready when late thing a damaged the crops. so they didn't have a good harvest at all because of which now there's this for, for costs that the rise, right? so i put my go down the export band, which was limited in july, further than did, the song was income. and now that there is a prospect for the extension of the police exploit restrictions from was a really worried and so treatise and this isn't only a domestic issue because india is the world's biggest wise x force, or are the effects of this disappointing yields being felt internationally,
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yes. what of the market is due to the right now let's, let's put it that way. of officer in the district at its price, exports in july prices and the global market jumped to a 15 year high now. and that caused a major problem in a lot of countries. and especially in asia and africa because of that, governments in these countries they, they struggled to secure supplies. uh no, uh, since these prospects are emerging once again, global markets due to the defects a yet to appeal. but there's definitely speculation that there's a lot of uh, concerns that if the output follows an export band is further prolonged, this might further wasn't the situation to our carts. okay. now environment as thousands of government workers helping, protesting to month, to demand fair wages for the clothes they make for major western bronze saying they deserve a larger share of what is the profitable industry. the typical government work owns
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minimum wage around $75.00 a month. the factory owners offered a 20 percent increase to $90.00 a month. but protest as you say, that's not enough to make ends meet a surprises of groceries. housing and school sees search. it does what type of i'm of it. you know, i'd be working in this industry for 10 years. in that time, my salary as a new residence in $96.00 a month in this kind of inflated markets. how can i survive with a wife and child? i need to loan every month because my salary isn't enough to feed my family. now my next up was that's why we make expensive clothes. the clothes then get exported and sold it higher prices abroad. the factory owners make good money, but our wages don't increase relative to the money they make. what's the problem with the owners paying us higher wages? this would be the protest erupted over the weekend when the government,
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manufacturer, us, and next port us association made the public sofa to work. us have died in sessions with police. more than 250 gum in factories have been shut up. 250 has been ransacked and vandalized. the workers and the unions are reminding me a tripling of their wages to $208.00 a month. the output flows account for almost 90 percent of the south asian countries exports supplying major brands such as adida, skip h and levi's the clean clothes campaign group. a global network supporting worker rights said most brands have refused to publicly back union the months for higher wages. and that is all from me. thank you so much for watching. take care the
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university yourself in the world and the virtual reality research lab scientists switched. they slipped into criminals with a view your headset. it's a complicated attempt to prevent future crimes tomorrow today. next on d, w. and pete's the perfect combination. that's cut off a restaurant, run jointly by an israeli and palestinian even in times of crisis. the 2 friends prove that finding the right mixture to make all the difference. your own max is 60 minutes on d w. the
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