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tv   Business - News  Deutsche Welle  November 29, 2023 3:15pm-3:30pm CET

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the, the news here as a reminder of our top story, guitar and media, it is pushed for an extension of the seas. fives, which is roland. amongst the latest exchange from us for these 12 of just on tuesday. israel freight's 13, posting insults and that's it from the end of his team. phonology open up that through at the top of the alex fits you and focused cool, but he will have the business needs for you. animal. the sometimes it's hard to find what you're looking for. but we've got something for you. fantastic. what did you do before? i came to china. she survived oh shit. it's thanks to music. he was the nazis favorite conductor. he is martin, the, the genuine 2 musicians under the swastika,
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a documentary about this sounds of power, inspiring story about survival of the home or do you go get the tennis? i was the only one. usually in nazi germany. watch now on youtube dw documentary. the a soft landing is possible, but far from guaranteed. the organization for economic cooperation and development says the world economy is likely to fall for next year under the strain of wars. still elevated inflation and high interest rates. also coming up with the restaurant officials insisting that the sanctions against the kremlin are biding, will take you to a hot spots on the increased trade between russia and china. and will show you why the president of panama is ordering the closure of the copper mines. this operation
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because this government just recently extended for a minimum of 20 years. i am 1st cobra. welcome to the program. while inflation is easing around, the world growth is slowly alongside it. according to the latest outlook of the organization for economic cooperation and development. o u. c, d, and europe, lags behind all the major markets in 2024. the your area economy is expected to go 0.9 percent compared to one and a half percent for the us. and 2.5 percent for mexico. the always the says the piece of growth is uneven and emerging markets are generally faring better. then advanced economies overall, though the always it is predicting what the organization calls a soft landing, although risks like the wars and ukraine at the middle east as well as protectionism remain. another issue troubling the city is persisting inflation. here's the group's chief economist, claire lombard valley. we're seeing
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a welcome phone, inflation, but the fight is not over yet. we have seen more goods where inflation has been high for at least the many countries we see this persistence across the last basic foods like she'll got milk and eggs. this is part of the reason we remain worried about inflation if inflation was approval for assistance. so the timing would be necessary pushing growth down further for more or less spring. and jack came a chief economist at commerce bank. you are welcome back to the program. do you agree with the always the experts that inflationary pressure will continue to be weighing on 12 o'clock? i think so, i guess. uh, because uh we have seen in the past to very high inflation rates. and the rear disposable income off employees has come down. and therefore trade stevens around the world tried to make up for the previous loss in the purchase impala and this means high wage settlements. and this of course means that the inflation is likely
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not to is debbie lies at around 2 percent. what the central banks one but significantly higher. but we see for example, or in germany that inflation for november has come down again to now 3.2 percent. does that mean that germany has turned a corner? while i put it this way, at a positive station over the past, the 12 months has come down significantly in germany in most other countries. but this is a kind of even because this is only cost or mainly cost by, by base effects because especially energy prices, they can not continue to rise as fast as immediately after the russian at tech, when you create and therefore this is only a base effect at the end, the last mine of the fight is out of the fight against inflation. of the last my is more important and they have the issues, primarily because of high wage settlements. now in court ruling
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a jeremy has essentially blown a 60000000000 euro hole in the countries budget, yet the country is expected to return to growth next year. do you think that's likely or? no, no, i don't think this is like the evening before the bunch of the cries in germany, i've was one of the few economists before cost the decline by all points the percent in next year. so i'm going to the p and currently under the impact of high interest rates and under the impact off the drum and budget crisis. private sector you called them is the start to, to reduce that growth for cost, and they move in or direction. and against this backdrop of forecasters expect, rose in europe and the arizona for that matter to remain relatively subdued compared to the united states or north america. as a whole, for example, why are the economies going into different directions here?
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well, as it has, this has a lot of to do with a very expansionary fiscal policy in the united states. we ever had strong growth in the q as in the 3rd quarter of ass and the us on. we had a stick nation by going forward. they'll also structural issues which such as the gross booby beacon the use on. and this is about the long term outlook for energy. energy in the next couple of years. very meant to do nighted safe and much cheaper than here. and this, you can see this already in germany. this is net to an exit us off energy intensive manufacturing firms, such as the chemical industry. yeah, came up to commerce, bank chief economist york as always, thank you for your thoughts. thank you. and now to some of the other global business stories making use to have a german companies are struggling to fill vacancies due to labor shortages according to germany's chamber of commerce and industry. that is, despite the stagnation of the arizona largest economy, germany,
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much like other industrialized countries, faces labor shortages, especially in high skilled sectors. now has improved a global minimum tax on multi nationals, the southeastern asian economy, currently offers preferential rates to large for investors. the move will now force more than a 100 phone companies, including electronics, trying samsung to pay a higher rate of at least 50 percent do your pin union and united states and its allies have initiated a raft of sanctions against russia in response to the cremeans full invasion of ukraine. now, although western officials insist that the measures are biding, russia has been able to keep its economy running thanks to sales of oil and gas and because it increased trade with this allies like china, a reporter visited a hotspot, assign a russian business. pre own car specializes in trade between russia
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and china and his business is booming. auto parts in particular, are in high demand. at his warehouse, he counts the tires, a russian customer has ordered. i do know that the demand is up. if there's recent trend continues, my company's revenue could actually double, you know, fold out queen lives and works in china's most northern region. near the border with russia takes us there to a place that has changed dramatically since russia invaded ukraine last year. this used to be empty, but today goods are lined up for export because i'm not going to do it. that's only going to be an article on money order is the most important chinese russian border crossing old as long as so just now they're bringing over these construction machines that the western democracies have long banned the export of such goods to
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russia over fears. they could be used in the kremlin war efforts. a china doesn't support the sanctions force or the last of the nonsense of china is russia. as big brother, we will export anything. it's what we do here in this region quite or whatever other countries band with sanctions. we are exporting it. sometimes with our for our film crew is unwelcome. so we move on right next to the border crossing. we see giant warehouses built by wholesalers. this kind of construction is assigned people here are expecting a long war with long term benefits. chinese police follow us as we drive to the border towns, train station on the other side, imports from russia, mostly called while trade is up here. fewer and fewer people are actually crossing the border in town, however,
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serial explains point to what was once that's 5 and tourism business high business is not good. they are hardly any russian customers anymore. maybe it will get better, but currently it's not good luck at the warehouse. we own chi speaks with his customers influence russian. just checking whether he can export rifles. scopes, parties by one, joining his name flush. jessica louis, i'm not who, who is this is how it works. the customer requests something and we checked with customs. if they say yes, we can export it difficult if they say no, we can't drones and protective best or band. no chances of got into businesses booming was russia and china strengthen their bond, our trip to the border. it shows that rather on a line that's sort of
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a approximate goal purpose. i do find you might, to panama, and the president of the central american country has declared that the canadian minor 1st quantum lucrative copper mines coveted on a month would be shut down. all the hours after the country supreme court declared its contract on constitutional. the moves follow growing public protest over the governments. long term extension of operations of the mine and their environmental impact. they are singing and dancing in the streets. thousands of them. panamanians on tuesday gathered into country's capital to celebrate the legal victory many c as crucial to the very survival that after panama supreme court declared a 20 year plus contract for the copeland upon them, a compromise unconstitutional. and president that went to newport, the so called for an immediate closing of the site, the black ink and staples united. as soon as we receive the former communication of
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the ruling from the supreme court of justice, it will be immediately published in the official gazette. and we will start the transition period to shut down the mine in an orderly and safe fashion. i don't see anybody over there now. he said, what do i mean? the open pit mine owned by canada's 1st quantum minerals is located in a bio diverse jungle and the atlantic coast. it has employed thousands and accounts for 3 percent of panama gross domestic product just recently the canadian own or had agreed to pay the states at least $375000000.00 annually. not enough for environmental is to look past the damage. the copeland kind of my mind would have done to the forest at coastal area and to local water supplies for the today, we know that we continue to maintain and protect our natural resources. it
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is very important for us indigenous peoples in nor resources. we're nobody because we know that we depend on it. mother nature, right on the things i'll be more than 30 days in the streets, struggling, protesting, and marching against the abusive mining contract. we are really happy citizens that the supreme court of justice found the contract unconstitutional. canada's 1st quantum mineral says it accepts the ruling. meanwhile, in panama, just celebrating a story gwen. and that is our show. thanks for watching. have a successful like the
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europe largest house made by a 3 d printer. it's being assembled in the southern german city of heidelberg, and approached the building that promises to be economical. climate friendly and quick. leading only 3 workers on site or 3 d printers, the builders of the future made in germany on d w. the vi listening place of long submitted terrain in its most is connex people of many scientists. and most of us and jeff far abdul karim to us during motor in large styles,
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submitted to a new we're left a street meeting people, victory this week dw, the picture building your dream home. now picture that home coming out of a giant printer sounds odd, but it makes sense. 3 d printed houses are faster, cheaper, and more climate friendly to build. what that looks like exactly as one of the stories we will be.

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