comes after a long period if they'll help the senior struggled with both alcohol and drugs, he'd been using a wheelchair following a series of faults. you're watching dw, these dw business, these is up next with my colleague, chris cobar. i will see you tomorrow, the 12 in progress pop calls to everyone who wants to know more about this topic that concern us about this story is beyond the headline world in progress. the w talk cause sometimes a seed is all you need to allow big ideas to grow. we're bringing an environmental conservation to life with learning facts like global ideas. we will show you

how climate change and environmental conservation is taking shape around the world and how we can make a difference knowledge gross through sharing downloaded now for the the fossil fuels need to be part of climate negotiations. they had of cop $0.28. so which steps can be used in time of summit into, by actually agree on to limit global warming? will have expert analysis. also coming up will tell you why the and solve a c of austrian property and retail zion cigna has banks, employees and local governments. on edge and we'll go to bangladesh or workers of the country's most important export sector. the textile 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 bytes. and it has started with controversial words 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 cushion negotiations. automotive war 2 week long talks come at a pivotal moment with a mission. so rise where leaders have an urge to move quicker to a clean energy future for the world off track to keep things 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 fossil fuels and in your booth. 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 unclear and very shannon way i ask you own, we work together for more and a spring and claudia kemper and she's 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 talks. 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 status. 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 will 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 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 it 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 pretty, i mean of those step backs are really problematic. the cost we are right now in the year 20. so to 20. 20 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 a new 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 paris agreement we all are committed to. and this is the complete the 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 costs 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 that 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. the, the economy of the year is on the 2nd largest economy. france contract a slightly in the 3rd quarter, or 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 funding x euro zone 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 activities subtracted for a 2nd straight months 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 multi 1000000000 year or property and retail design. cigna finally declared solvency 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. scotty bay 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, al patel 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 title was lucky

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 in retail since 2013 would. benco 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 for you and politics and politicians that now down playing the effects of the companies bankruptcy degree. it 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 balance for now. and that's the most important thing in the situation. also, this is going to be in dc to t on. it's my to be sticks that 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 bern 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. 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 and we can't manage the house. rent has been increased the suffering. that's why we're demanding that's $210.00 us dollars. more than 4000000 people, mostly women, work in bangladesh, is ready made government industry. the country's main export sector. the minimum monthly beach comment 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 fact, you own us say they can't do more. a relative 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 quote and fixed the minimum monthly wage and about $115.00. a salary increase of 50 and 6 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. we're not committing any crimes, we're not saving a rubbing. so why did they talk to us? and it's just a little unrest in the government industry means unrest in the countries overall

economy. it's unclear how the conflict with and especially for the was and here's a reminder of our top business story for you. the call 28 you in time of summit to started into by were leaders holding crucial negotiations and global warming. the controversial hurts from the events, host, salton 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 with emissions still price that social thanks for watching. having successful news, the town is been poisoned and the government is doing nothing to submit it

a but i still was once the pride of said yes, but now in chinese ownership, it's become a dreadful pollution. kanza is on the right. environmental activist sufficing back and demanding action focus on us next to the point. strong opinions, clear positions, international perspective. germany is facing a budget process following an emergency spending freeze the was todd largest economy is in trouble. it's on to the point we are discussing today. problems made in germany, no more money for the future. to the point. in 60 minutes on d w. these places in europe smashing the rank one step into

a bold adventure the treasure map for martin. glad to discuss some of us regular bragging sites on youtube and also the, the hello and welcome to this week's focus on europe with me on a home donnie, more than a 100000 people fled from. then i go now kyra, back in place to armenia in september. now ethnic armenians are trying to build a new life for themselves as a buzz on use military force to bring the area under control. the majority of our media and people select to neighboring armenia for.