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tv   Business - News  Deutsche Welle  November 11, 2023 2:15am-2:31am CET

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that they have their tickets and their swifty hearts on their sleeves. and that is all the news for now. coming on next techies. parliament is a shunting coca cola road of the conflict in gas and robots has the details intuitively. business that's after a short break. don't forget the website at www dot com. there's also a socials, liked with an x. and of course, the youtube channel for you to lock and subscribe. i'm anthony, how to let more than 45 and the, every jenny is full of surprises. allowed to give you some of the right people in your northern most count the police the free time,
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but still very much alive. your guy to the special thoughts in germany recognizes where exactly it was fun. i have learned a lot of our culture history, dw, travel extremely worth a visit. the cutting, the cost of energy, the german government has agreed to provide may just fine on show support to the countries crucial industrial sector. but how much more cannot afford techies brand? boy costs where it is them both to find out why people are avoiding some of the biggest question names and grain going nowhere, stores in ukraine all over phil's. miss thomas unable to explore the of the state
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of your business on robots invalid. welcome to the front of the german government is stepping in to reduce energy prices for the countries factories. germany crucial industrial sector base is being rented uncompetitive by storing electricity costs resulting from the war and ukraine. ourselves as government is extending a program of tax breaks and compensation for the most energy intensive businesses. however, new money will need to be found if the support is to last any longer than a couple of more years. but to understand the impact of the general government's tactics here, let's speak to current pittsville, director of the 1st center for energy climate and resources. thanks a lot for being with us. just tell us exactly how significant a helping hand this actually is for jim and industry basically doesn't change very much to the situation beforehand, but it changes a lot in the sense that some of the reservation that now basically prolonged would have run out pretty soon. and so the
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a that the companies actually receive, they will get in the future as well. so that is a relief. but it's of course not the same type of guaranteed subsidized price that the industry electricity price was promising. one of the key items here is to stop german industry becoming uncompetitive and failure to produce this to so thing. well maybe we should be moving somewhere else. is this going to be enough to solve that happening? as i think we will not be able to stop the structural change from happening in any case. so that is one of the fundamentals that we have to deal with. the transformation of the energy system will have effect on price system that will have effect. and on determine industry, and that will not be stopped with, for example, the industry bridge price as it was announced previously. so i think that is something that will happen and that's the question. how can we help industry best
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this industry that actually has a chance to state in germany in the long term? this looks like it's going to be the case of these measures 420242025 probably. but how long can the german government sustain this kind of financial intervention? i mean, the measures that they have announced now that basically ongoing on for longer than planned originally, i suppose to last for 5 years, at least the support for the power intensive industry. and then the relief of the pilot tax electricity tax that is so far, only scheduled for 2 years. so there is basically an horizon on the financial burden to the state. okay, capital from the if i sent to the energy climate and his office thanks a lot for making sense of that for us. thank you. now let's take a look at some of the other global business stories that and making the news. u. k . economy stagnated, in the 3rd quarter, his high interest rates bit,
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the figure was slightly better than expected, as many, unless had anticipated the economy would shrink. the bank of england is raised interest rates voting times in a row to come back to inflation rates heights, however hom, economic growth is they make it more expensive for businesses to borrow money. and by the dash is government has again rejected an increase in the minimum wage for government workers on choose the government's appointed tunnel, raised wages by more than 50 percent to a $160.00 or as per month. protesting common workers, however, continued to demand more than $200.00 a month. so far, the purchase of the 3 work is dead and more than 70 factories. abandoned turkey's parliament has this week removed coca cola and next slave products from his restaurants over the suppose it supports the israel and that the conflicting garza, the bottom entry sources set. the decision was meant to respond to huge public outcry against the companies for supporting his route. the problem,
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it didn't specify how okay, to go to and that's like support of israel ward take his activists having raising days past the public to boycott, to various west him companies. they view is endorsing israel's recent ex. well, that's good morning. this are not correspondents and this done bull yearly hon. yeah. and what have you been hearing about exactly why these boy costs happening and how far they're likely to spread? please, a boy cards campaigns, rob, i think, reflects on crows and talks present edwin's growing anger towards israel and the west for us especially. and at the same time they are a reflection and a reaction to anti is release. and simmons among the population here in talkie anger over is there any bombardment of gaza and the rising desk pool among palestinian civilians. we have seen a call from bar codes, offering friends by local municipalities and universities in recent days,
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across stocky and when he walked the streets of some is simple neighborhoods, you see protests because or posters calling on people to stop buying from starbucks, for example, mcdonalds and pro government media here and talk you a publishing long list of allegedly pro is where any companies and products from coca cola and nestle to the medics producer, laurie i, or the sporting a manufacturer, a sporting goods manufacturer id does or uh, the sales korean call manufacturer i soon die, but in most cases it remains absolutely unclear what these brands and companies are supposed to have to do with me is or ill have mazda war. it's not being explained at all, it leads to a loss of confusion over product origins. and many of these companies, as far as i can see, have not responded to these accusations bots that seem to mess with less than perception. and many people i spoke to here in is simple,
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told me they support such bar called companions. let's listen to jesus. we can make our voices heard. was these play cards for otherwise? nothing will happen. no one will hear us jones. i'm a shopkeeper and i don't want to sell certain products right now. to simulate it. sorry. i try not to buy each randy products anymore. at least the ones i know. i shop more carefully. no. a month or yeah, i don't think it's russian though to boy click coca cola or starbucks. they have nothing to do with the wall. there's just no connection. you control. i think people are over reacting. if it should be searched customers should look on your lots of different perspectives that but what are the potential economic impacts of you know, so many to extending that backs on these brands. potentially going to be many political analysts and economists here in turkey actually say that such for cost
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campaigns make a little sense and may not have the intended to impact take coca cola, for example. it's an american multinational company, but the beverage is, are actually locally produced here in turkey. the beverages that are being sold here by thousands of tuck is workers in more than 10 tucker's factory. so any boy called would actually home themselves and harm be already aiming package economy. so these boy cods campaigns are considered to be symbolic, move intended for the population to somehow vince, their anger, president's ad one is very well aware of the anti is rare, 80 sentiments here and oscar some initial hesitation after october 7th and her muscles atrocities he actually became one of the most vocal critics of israel's actions in gaza. he accuses the west of being complicit in what he calls massacres and a will crimes that turkey has recalled. is ambassador from israel our to and said
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he is causing ties completely with these were a prime minister netanyahu, but still experts say that turkey in the end is unlikely to cut off its ties. trade relations, economic relations with israel completely. that is not going to happen. at the same holds true for western companies for us because of the role tacky, actually needs western investment to repair its crisis, written economy. okay. you yeah. han and it's tumble for us. thank you very much. i . the parts of the world are still very much in need of ukrainian grain, but the country's farm is still have supplies from the year before less harvest. sitting in storage, well has meant that there's a backlog. the copy cleared on a totally optim ankle is always on the go. his lane stretches of 1500 hectares. and the odessa region has been a farmer for 30 years and saw he'd seen it all to call you the new york mobile
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phone during war time, slightly experiencing. now, no farmer can say what will happen tomorrow, but that is what this one, what is the issue with the, is obviously the 2 weeks ago he and his crew brought into corn, 3000 tons of it, except he's running out of space to store it on us, but we try to fix the problem is with adults during last year's harvest. all this, this is 2 years worth of corn and what his life is, he brought me last year. ukraine wasn't able to export even half of what was brought in from the countries fields. then rustic dropped out of the green export deal. meanwhile, another $77000000.00 tons stood ready to be harvested. literacy, russia is using of rain as a weapon. we can exported and this causes more problems. whatever little can be exported to ship out of the, the new river ports, the, the grayness load it into a river boats. meanwhile, at the black sea, the main export hub,
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ukraine is trying to keep a green cory door open, but only 20 freighters have taken on the dangerous passage since august. the 10th. it's so much more difficult than before. the water, which of course it is. but shipping volumes are gradually coming back since russia exit of the agreement. the ports infrastructure in its storage terminals under russian attack, almost daily. every missile that hits strikes the main artery, a few trains economy, the country's grain is virtually needed on the world market and it can be delivered . grain prices and the country have dropped due to the export risk of a mobile ad with export stone up to the grand deal. evaporated income for the farmers is down as well as little as she 11. i don't know sick that will. now the united nations is offering health farmers like i'm not totally optim ankle or storing the green under these giant top ratings. currently providing sun and rain cover for corn, wheat, and sunflower seats. that's a decent solution for now,
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but it won't solve the big problem. yeah, me for to move. i want the world to know that you trans farmers won't give up without working skills without will be one, is they it so they are indeed cruise on our to make us feel so busy plowing, getting the sort of ready for next year's crump or monitor the top business story that we're following for you, this our, the tenant government is stepping in to reduce energy prices for the countries. factories are shots, as government is expanding and probably going to tax breaks and compensation for the most energy intensive industry. and that, so for me, in the business team here and by the head of data we dot com slash business, all of the data, we in use youtube channel. you can also find us on facebook as well. we're on, there is data we don't business does that to my last one of these. so it's beneficial the,
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to the point strong opinions, clear positions, international perspective. germany's defense minister has warrant. it's military must become combat ready and fast, and that will require a major overhauls not only to the bone despair, but also to attitudes in german society this week, onto the points we ask, is germany fit for combat to the point the next on d, w. and the political interest rate for investing the theme, the fees, everyone here just wants to get into bit point. they're known as bit clean arrows, digital gold, diggers. investors from all over are moving to latin america in search of bitcoin treasure. nowhere is the crypto currency value more highly than here. but for many, the frenzy ends in ruins. in 45
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minutes on d w, the words people have to say that's why we listen to every weekend. on d w, the germany's defense minister has warrens that in an increasingly dangerous world, the german military must become combat ready and quickly. that will require a major overhaul, not only to the bonus there, but also to attitudes in german society. despite billions of euro's promise last year to modernize the armed forces, decades of deliberate under investments mean it's still facing, shortages and equipment, funding and many were willing to fight this all i'm, it concerns that soon germany might not be able to count on the united states for
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its defense.

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