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tv   Business - News  Deutsche Welle  November 11, 2023 7:15am-7:31am CET

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sure, as early as enabling it trucks to go into the god. okay. and but the so long there is a green light. that phrase was operating will continue with the campaign. okay, thank you. that semi circle speaking to us in jerusalem. more news off next. the next hour, i'll see you soon. take care bye. the people in trucks enjoy trying to feed the city center. the straight pieces explain the around the world more than 150000000 people us
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we of mine because no one should have to make up your own mind. dw may 4 mines the cutting the cost of energy, the german government has agreed to provide may jeff, financial support to the countries crucial industrial sector. but how much more cannot afford techies brand boy costs? where 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 homicide is the state of your business on robots invalid. welcome to the front of the german
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government is stepping in to reduce energy prices for the countries factories. germany is crucial industrial sector basis 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 the current pittsville, director of the ferry 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 the are pretty soon, and so the a that the companies actually receive,
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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 the german industry becoming uncompetitive and failure to produce this to, to thing. well, maybe we should be moving somewhere else. is this going to be enough to stop that happening? i think we will not be able to stop structural change from happening in any case. so that is one of the fundamentals. so we have to deal with the transformation of the energy system will have effect on price system that will have effects in on the german 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 this industry that actually has a chance to state in germany in the long term?
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this looks like it's going to be the case of these measures 420242025 probably. but how long can the general 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 supposed to last for 5 years, at least the support for the power intensive industry. and then the relief of the poet 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, kind of federal 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 to making the news. u. k. economy stagnated, in the 3rd quarter is high interest rates bit, the figure was slightly better than expected. as many,
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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 as they make it more expensive for businesses to borrow money and bangladesh. as 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 orders per month. protesting common workers, however, continued to demand more than $200.00. yours a month, so far, the purchase of the 3 work is dead and more than 70 factory. the band of techies, parliament has this week removed coca cola and next slide 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 and didn't specify how okay to go to an s like support of
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israel florida take his activists have in recent days, past the public to boycott to various west him companies. they view as endorsing israel's recent ex. well that's getting more in this format correspondence and it's done boy, yearly hon. yeah. and what have you been hearing about exactly why these boycotts 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 the reaction to and tie is really sent them into the population here. and talkie anger over is there any bombardment of gaza and the rising desk pool among palestinian civilians. we have seen a call for bar codes, offering friends by local municipalities and universities in recent days, across stocky and when you walk the streets of some is simple neighborhoods. you
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see protest stickers 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 eyes, or the sporting a manufacturer, a sporting goods manufacturer id does or uh, the sales korean call manufacturer assumed i, 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 lot of confusion over product origins. and many of these companies, as far as i can see, have not responded to these accusations, spots that seem to match or less than perception. and many people i spoke to here in is simple, told me they support such bar called companions. let's listen to it uses we can
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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 started, i try not to buy each randy products anymore. at least the ones i know. i shop more carefully. no, monterey, i don't think it's russian though to boy club, coca cola or starbucks. they have nothing to do with the war vs just no connection . you control. i think people are over reacting. if it should be a church customer, they should look on here. there are lots of different perspectives that but what are the potential economic impacts of, you know, so many tax turning their backs on these brands since they're going to be many political analysts and economists here in turkey actually say that such for cost campaigns make a little sense and may not have the intended to impact take coca cola,
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for example. it's an american multi national company, but the beverage is, are actually locally produced here in turkey. the beverages that are being sold here by thousands of truck 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 called campaigns are considered to be symbolic, move intended for the population to somehow vince, their anger. president ad one is very well aware of the anti is where 80 sentiments here and after some initial hesitation, after october 7th and tomas was 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 hour ago and said he is causing ties completely with his were a prime minister netanyahu,
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but still experts say that tuck 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 officer, all taki actually needs western investment to repair its crisis, written economy. okay, you johan and assemble for us. thank you very much. no problem. so the world are still very much in need of ukrainian grain, but the country's farms still have supplies from the year before less harvest. sitting in storage. well has meant that there's a backlog. the copy cleared on that totally optim ankle is always on the go is lane stretches of $1500.00 hectares. cindy odessa region has been a farmer for 30 years and thought he'd seen it all to call you the new york mobile son during war times likely experiencing now, no farmer can say what will happen tomorrow. the permit is what this one,
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what does it keep with this is obviously the or 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 those storing last year's harvest, all this, this is 2 years worth of corn. and what his life was, he brought me last year. ukraine wasn't able to export even half of what was brought in from the countries fields, then rush, i dropped out of the green export deal. meanwhile, and the $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, ukraine is trying to keep the green core door open, but only 20 freighters have taken on the dangerous passage since august. the 10th.
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it's so much more difficult than before the water, which of course it is. but shipping volumes are gradually coming back since russia, except that the agreement that the ports infrastructure in its storage terminals under russian attack almost daily, every missed cell that hits strikes the main artery, a few trains economy, the countries green is urgently needed on the world market. and it can be delivered, green prices in the country have dropped due to the export risk of removal and with export stone after the grand deal evaporated income for the farmers this down as well as little she 11. i don't know sick that will. now the united nations is offering help. farmers like i'm not totally optim ankle are storing the green under these giant offerings. currently providing sun and rain cover for corn, wheat, and sunflower seats. it's a decent solution for now, but it won't solve the big problem. it for 2 weeks,
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i want the world to know that ukraine's farmers won't give up without working to us without will be one is they it? so they are indeed cruise and are to make us feel so busy ploughing, getting the store ready for next use chrome 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 ourselves as government is expanding a program of tax breaks and compensation for the most energy intensive industry. and that, so for me, in the business team here and by the header as a data we dot com slash business, all 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 the fees. so it's beneficial. the
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is it the fast lane to making money for a dangerous road ahead of the selling cars in china is briskly, german automakers are doubling their investment. but the political hazards in china are growing. doing business on raisers, it is next. on dw, the jury is most powerful woman, little sister, of the dictate, to strategic. who is tim yule, joan, who did say she represents a mixture of expectation and a disappointment. it was as though she wanted to remain on it serious
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fear, some strong, sometimes threatening, sometimes the charming to but i couldn't see behind her mad to disagree with. the red princess stops november 25th on dw, the in the fast lane is china is auto industry overtaking its former market leaders, german car makers on bikes, new friends, a new business ideas on 2 wheels in south africa, and on heavy terrain. how and 11 year old test land rover's off road shops right now on rap the predicted.

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