style industry are demanding a higher minimum of course cold. well, welcome to the program. cup. 28 you and time at summit is on the way into by. and it has started with controversial boards from the defense host in his opening remarks felt enough, but alter bear said that fossil fuels must be part of any deal at the cushion negotiations automotive war. 2 weeks long talks come and they pivotal moment with the missions. so rise were leaders have an urge to move quicker to a clean energy future for the world off track to keep being global, temperatures rises to low levels. but this here is called president shows a different tone to kick off events taking list. i know there are some views about the idea of being through the language on for, for the fuse and in your booth. and then he was effects. we collectively have the power to know something unprecedented. in fact,

we have no choice but to go the very unconventional way. i ask you own, we work together for more and a spring and claudia converge. she is an energy expert at the german institute freakonomics research. welcome back to the program claudia. the head of the cop meeting says that the role of fossil fuels must be included in a deal at these un climate parks. what do you make of that? as well as this goes in the completely opposite direction that we should have. i mean, what we need is a fossil fuel face out as soon as possible in order to reach 1.5 percent so. so global warming target would show we a met and this is not happening with this kind of statements. obviously, that interest conflicts. there was a comp president and the fossil fuel industry,

and that's not happening at the climate conference. so i hope that the countries will agree on an increase of you, you will energy, but the 1st a few phase out would be the right direction. i suppose the saying this climate, somebody needs to set up specific guidelines as a, as to the direction the global climate protection needs to be going in the coming decade. what specifically, are these guys? yeah. what we really need now is a guidelines that we on the one hand increase, for example, the sheriff. renewable energy do more for energy saving and also step by step, face out fossil fuels. and these kind of guidelines i need it. i mean, we need the national commitments in order to phase out fossil fu subsidies, for example. goals are way, way a towards small renewables and to provide the right policy measures for this. and

all this needs to a happened. and on the other hand, we see on the global scale that a lot of countries, a suffering from climate change, they need financial aid, and this will be discussed at the complements as well. it's now the u. k. government recently allowed for the 1st coal mines in the country to be opened up in the last 30 years. we see germany moving away from russian natural gas to liquefied natural gas and different suppliers. what do you make of the argument that some governments on more invested in fossil fuels that they should be in order to keep costs slow and to be able to power the transition to an affordable greener economy? yeah, that's really a pity. i mean of those step backs are really problematic. the cost we are right now in the year 20. so to 2020 is we and we should do everything we can do not to invest and to foster energy any more, not in coal mines and not in the liquefied natural gas instead and renewable energy

and energy efficiency. otherwise, we will never reach as a climate, a goal that we initiated and the parents agreement we all are committed to. and this is the completely wrong way, is that germany also u. k. by the many, many other countries in the world. we have other options on the table which are cheaper, and these are really renewable energy if we would invest into it. the whole cost system would decline and we both have a lot of economic benefit out of it. and this is completely not understandable by those congress deciding on it claudia, comfort of the german institute for economic research there. and you can watch our entire conversation on the dw, and use youtube channel, thought to some of the other global business stories, making news, to the economy of the years. on the 2nd largest economy, france contract is slightly in the 3rd quarter. to be pros take down 0 point one

percent from july to september. according to some data, french authorities say the trend was due to slowing investments. and for the next year alone, inflation is to to a lower than expected 2.4 percent in november on the year consumer inflation rose at a smaller basis price pressure eased across nearly every sector. the latest data is closer to the european central banks. target inflation rate of 2 percent and raises hopes interest rates may have to china's manufacturing activity contracted for a 2nd straight months in november and at a quicker pace. while non manufacturing activity had yet another low for the year. the suggestive was the 2nd for this economy made me more expensive stimulus for sure. it cannot be for multi 1000000000 year or property and retail jain cigna finally declared and solve and see this week. after desperate attempts to secure a fresh funding failed, making it the biggest casualty so far of europe's property, downturn,

owned by austrian tycoon that any bank holes. cygnus portfolio spend jeremy's best known department store. berlin's cottage aid to the country's top high street chain galleria and the futuristic power skyscraper. project of this super your belonging to businessman renee vanco has just come on the market for nearly 40000000 euros. the empire of the self made billionaire from austria has been crumbling for some time. rising interest rates and folding property valuations have now led to the bankruptcy of bank coast. cigna holding company construction on handbooks l patella has come to a halt. another cigna project, the 950000000 euro skyscraper was designed as a prestige project for the city, but build a cigna can no longer pay its bills. using titles,

i think the rise of cigna began around the year 2000. at that time, vanco acquired numerous properties and desirable locations at 1st in austria, and then internationally. since 2019, the company has owned the i clinics, chrysler building in new york, cigna. it has also been active and retail since 2013 when bank co took over germany's trouble department store chain costs. that until recently, the group had steaks and retailers in switzerland and the u. k. well, bank who is considered media shy to maintain strong contacts and also treating politics and politicians that now down playing the effects of the companies, bankruptcy. these degree had said it's important that the financial institutions remain stable, be deprived,

and it's done uh then it will become interesting for austria as a destination for investment, but it looks well balanced for now. and that's the most important thing in this situation. also this is gabby and jessie to, to on it's my, the sophistic step, the insolvency administrators now have a hockey leon task to scrutinize the complex corporate network of renee benco to bangladesh and workers. and the country's most important expert sector in the textile industry are demanding a higher minimum wage. they've demonstrated in the streets, tax factories, faults with police and burn vehicles. to press home their demands. at least 3 workers have been killed in classes with security forces. the 40s have announced 856 percent increase in the minimum wage, but the worker say that's not enough to w's night undermined reports and re government workers have been protesting on the streets of talk of fond let these

for the last couple of weeks, they are fighting for higher wages and fee let down by politicians telling me that we've come to the streets so that the government solves the crisis in helps us survive. the theme i took part in the protests because she's worried about the nutrition and education of her children. a she's gone matched the living costs with her income, that the price of everything has risen. we've gone to manage the house. rent has been increased the suffering. that's why we are demanding a minimum monthly wage of $22000.00 stuck us. that's $210.00 us dollars. more than 4000000 people, mostly women, work in bangladesh is ready made comment, industry. the countries main export sector. the minimum monthly beach government was on is the lowest in the world because of inflation and sky rocketing costs. so if everybody, goods was a struggling to make ends meet the villages barely cover living expenses for half

a month, long let issues, government factories generate near the 85 percent of the country's exports, amounting to 55 $1000000000.00 annually. but factory owners say they can't do more a i'm resident cove is 19 the one ukraine and now and gaza. these 3 fact joseph pushed the whole worlds into a recession. we see sales down. so all of us here are low to. so we formed a wage board and fixed the minimum monthly wage and about $115.00, a salary increase of 56 percent is no joke. in this conflict, the workers don't receive any support from the government. the lima does not understand what the state is taking action against was like herself. she believes or demands justified the best and they were only demanding better wages for not committing any crimes without leaving a rubbing. so why did they torture us? unrest in the government industry means unrest in the countries overall economy.

it's unclear how the conflict with and especially for the workers and just a reminder of our top business story for you. the call 28 you in time of summit has started into by our leaders holding crucial negotiations and global warming drawer from hurts from the events host. sultan and alger bear. who said that fossil fuels must be part of any deal at the summit. 2 weeks on the talks committee, pivotal moment when the missions still price that social thanks for watching of a success, the

climate versus business. the gulf states a massively expanding very renewable energy, but also increasing the annual production of fossil fuels. with an eye on the upcoming world climate summits, we also can actually states do climate change sober and 19 minutes the on on d. w, enjoying the views and kind of take a look at this out to the highlights every week inbox, subscribe. now imagine that you're eating a hamburger and as you're biting into this juicy bird or your dining companion says to you, actually that hamburger is not made from cows. it's made from golden retrievers. 2 2 2 should we. 2 2 2 2 2 2 2 in meeting cultures around the world,

people learn to classify small handful of animals of edible and all the rest they classify as disgusting. w series about our complex relationship with animals. the great debate. what's, you know, on youtube, dw documentary. hello guys. this is the 77 percent the platform for the suite issues and share ideas the you know, or the side that will be a north of bread to catch. and then to get the top of applicants population is really fast. and young people clearly have the solution. the future is 77 percent. every weekend on dw the

the, the, this is the, the news line from bell. it is really ami, says of the hostage release is on the way to israelis half in return to israel was more about to be freed by hum box. the police of the 2 women raises a further hopes of an extension of the sweet spot. just as before, that release free is railways are killed in a shooting in jerusalem. a mouse glance responsive in.