style industry are demanding a higher minimum. of course cobra, 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 that alter bear said that fossil fuels must be part of any deal at the crucial negotiations on global warming. to re long talks come any pivotal moment with the missions. so rise where 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 is called president shows a different tone to kick off events taking list. i know there are some views about the idea of including language one for for the fuse and you overs and then he watches the sex. 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 to 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 for so so. so global warming target would show we a met and this is not happening with these kinds of statements. obviously, that interest conflicts. it 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 false a few phase out would be the right direction. as opposed to 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 guidelines? yeah. what we really need now is a guidelines that we on the one hand increase, for example, the share of 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 fuel subsidies, for example, goals are way, way toward small renewables and to provide the right policy measures for this and

all this needs to happened. and on the other hand, we see on the global scale that a lot of countries are 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 from 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, uh 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 into fossil energy anymore, not in coal mines, 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 a slightly in the 3rd quarter. should you be pro stick 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 as on inflation is to to a lower than expected 2.4 percent of 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 month in november and of a quicker pace while not manufacturing activity have 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 goals signals 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. the super york 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. the 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 clinics, chrysler building in new york. cigna has also been active in 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 creating 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, beautiful,

that 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 jesse to tell me, it's my deceased extent. the insolvency administrators now have a hockey leon task to scrutinize the complex corporate network of renee benco to bangladesh. and workers in the country's most important export sector in the textile industry are demanding a higher minimum wage. they've demonstrated in the streets, tax factories, faults with police and burned 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 and the minimum wage would work or say that's not enough. the w's night undermined reports. angry government workers have been protesting on the streets of talk a find,

let these for the last couple of weeks, they are fighting for higher wages and fee let down by politicians. so when we let these come to the streets so that the government saw surprises and 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, the. the price of everything has risen. we've gone to manage the house. rent has been increased with 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 skyrocketing costs. so if everybody, goods was a struggling to make ends meet the villages barely cover living expenses for half

a month, bundle dish has gone and factories generate near the 85 percent of the country's exports, amounting to 50 $5000000000.00 annually. but factory owners say they can't do more, and i'm ready to cobit 19, the one ukraine and now in gaza. these 3 factors have 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 as 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. we're not committing any crimes, we're not saving a rubbing. so why did they talk to us and the depth of the unrest in the government

industry means unrest in the countries overall economy. it's unclear how the conflict with and especially for the workers, a just a reminder of our top business story for you. the call 28 you in time of summit has started into by the bar leaders holding crucial negotiations and global warming drawer from hurts from the events host assaulting and alger bear. who said that fossil fuels must be part of any deal at the summit to be on the talks committee pivotal moment, but the missions still price that social thanks for watching. having successful the

climate versus business, the gulf states a massively expanding very renewable energy, but also increasing the annual production associated with an eye on the upcoming world climate summits. we also can petri states do climate change. so bu angel says here minute on the w 6 tourism in time and up to the convent and locked down german man all back in patio city. and they say that they are helping poor families. why painful sex prostitution, child abuse, and cynical double stand in a shady side of paradise. in 75 minutes on d, w. one small step for robots back q one giant leap for

exploiting the ocean floor. cutting edge technology is i'm looking to potential of deep sea mining. so the vehicle's been designed to pick up nodules and leave as much settlement behind as possible. but this time, a research team will study the possible in order to minimize time, we have an opportunity to get it right before we even start. we have a whole new industry that will proceed only when regulation so things will take place. environmental activists are skeptical. is this true nature conservation, and the green washing box rules? val billions to be made out to pop documentary, deep sea greed stats, december 7th on d, w. the

or the, this is the, the news live from valid these riley, i'm, it says a further hostage release is on the way to israelis have already been returned to israel with more about to be freed file mosse. the release of the 2 women raises hopes of a further extension of the ceasefire. 2 plots, the cop 28 climate tools opened, and one of the world's biggest oil producing nations as 70000 delegates lobby ascend active is to send on divide. all realistic spa hopes that delegates can push .