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tv   Business - News  Deutsche Welle  May 9, 2022 12:15pm-12:30pm CEST

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ah, with one of mankind's oldest ambition could be within reach or what if it really is possible to reverse agent researchers and scientists all over the world are in a race against time. the d. n. a molecule though has 28000000 different our glasses . they are peers and rivals with one daring gold to out smart
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nature. one of the most insightful discoveries in the history of mankind. more life starts may 28th on d, w. ah, a candidates running unopposed and claiming victory. beijing loyalist john lee takes over as chief executive of hong kong. we'll take a look at what it means for the city as a business hob and a place still longing for democracy. also coming up to the philippines, the son of former dictator marcos is set to become the new president, promising to tackle rising prices. we'll go live to our forest and we'll show you what a european energy fargo would mean for russia's finance. i'm
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chris kolber on berlin. talk of the program pro beijing, former security minister john lee has been confirmed as hong kong next chief executive on sunday, an election committee of rance 1500 votes on the successor, child going chief executive carry lamb. mister lee was the only candidate asked food chief, he oversaw the crackdown on hong kong pro democracy movement. the european union voice concerns that his selection signals that beijing's tough stands on hong kong would continue. and here's what mr. lee said up on his appointment. we must make good use our status as an international metropolis, one that uphold the various of creation of inclusion, diversity, and openness. we must expend, i'll international connectivity, establish
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a more favorable business environment and increase our overall competitiveness. we must further strengthen hong kong role as the gateway and the bridge between the world and our country. for more let's cross over to w's. joyce lee in taipei, a joyce, what are we to make of the man who oversaw the crackdown on hong kong democracy movement, speaking about what he calls the values of inclusion, diversity, and openness. well, if we look at how he did his electron campaign, we know what it means. he had a close door campaign rally with no live audience. he ran uncontested and won't 99 percent of the folks from the election committee comprised of less than a $1500.00 pro beijing members. and meanwhile, the vast majority of hong kong is political opposition is either in jail or has
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flight. the city under the threat of the national security law. so that says a lot about how inclusive and open his administration will be. an agency endorsement of john lee is seen as a sign that the tough policy on hong kong is set to continue. john lee wants to establish a more fair book, favorable business environment. he claims what ours plans in particular well, we don't know his plans because he has not laid out any plans. he plans cheery, 5, hong kong economy and but he didn't give out any details yet. the business sector is very concerned about it, whether johnny will lose enough covert restrictions, especially the border controls that have left hong kong and and his residence a more less cut off as it's rifles open up. but i only only said that he will
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prioritize reopening borders. with china, it's a signal that an immediate policy you turn is not a possible joselet, a talk a bit more about the business community in hong kong, a number of western multi nationals have been congratulating john lee via a newspaper ads. tell us more about the challenging situation, but many of these companies find themselves in or yes, western companies and hong kong are facing increasingly, you know, precarious position in hong kong. are they adopting a more progressive? you know, a stance. i, you know, in a western market for example, anti racist zone and gender equality and labor rights. but in hong kong bay, i usually don't criticize china's policy on hong kong. because that would
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undermine their interest in hong kong. so they are in a more precarious situation. than ever dw correspondent joyce lee in taipei. george, thank you. it is to the philippines now, or today's presidential election, has a clear favorite ferdinand markers junior. now, the name marco's is synonymous with corruption and human rights abuses of the country. the family of the former philippine dictator has worked steadily on his combat over the past decades and so hardened and marcus jr, could soon follow in his infamous father's footsteps. one reason for this, the ever widening gap between the rich and the poor in 2020, the philippines saw the worst procession in more than 50 years. g. d. p growth fell by almost 10 points. year on year. now the economy is slowly recovering in 2021 group by about $55.00 and a half percent compared to the disastrous year before. the huge,
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the important tourism sector has particularly been hips to date. many holiday makers are staying away. the results companies are shutting down, incomes dropping, unemployment and inflation have been rising sharply. in addition, the states debt has grown because of high cost to combat the pandemic. but there's hope here is more from d, w is janelle, dom allow it's numbers or anything to go by. there's reason to be optimistic about the philippines economy. me a vaccinated. i re, a significant number of filipinos which is manifesting now because we have a very low case counts. and because of this one, we are able to liberally open our economy. in fact, we're expecting 70 percent and will grow what inflation and unemployment keep filipinos from feeling that recovery in the run up to election day, voters were promised that propelling their supported candidates to the presidency
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would change. that did not be the price of goods will fall, the price of electricity will fall off water of everything for the poor. ha, ha, ha, ha, ha, it up. you the so called bill bill build infrastructure program will give people a lot of jobs that with this next president you hope for lower cost for things like transport. i will add that not by not having my boosting employment, and rating and living costs aren't the only tasks for the countries. the leader. many promises were made from supporting small businesses and investing in education in the incoming government now has 6 years to prove that it will be able to turn promises into policy, not only for its supporters, but for the 110000000 or so filipinos, it will be tasked with governing as good. the latest from the w correspondent, janelle de milan was reported to saw you now. you've been focusing on ferdinand or
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bang, bang marcus. they're mainly in your report. he's been pulling your head in the past weeks. will he be able to deliver on the promise is that he made like lowering prices? for example. a well, i think one of the reasons that he is a front runner in the 1st place is his ability to make these populous promises. for example, he says things like when i'm president, the price of akila rice will only be up to this certain low amount and that certain low amount is an amount that would cripple farmers for instance. so he is able to make promises that play well with a public, but aren't particularly practicable. so his campaign has focused on really got issues like up rising cost of living like lowering electricity. but really, what he is doing is providing a vague notion of what he's able to achieve. he's making it seem more straightforward than it actually is. and people seem to be buying it,
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especially in these pandemic times. at the same time of talk about the other candidate here, let me re brito. he's been the favorite of the business community. tell us why indeed were lenny robledo, she is a trained economist as she is a lawyer. she's perceived. i do have what it takes to be able to run an economy. and just in general, her agenda and her platform has been a lot more detailed and a lot more transparent. she has published plans as to how to boost fisheries and in industries like fisheries and agriculture. how to expound the social net, how to promote the digital economy, whereas, so bumble marcus, his platform has been a bit more a bit more vague. as i was saying earlier, he also doesn't submit these policies up to scrutiny. for example, he doesn't join presidential debates, he doesn't answer the questions of journalists. so it's really hard to know what he
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is thinking when it comes to the economy, really. and as we know businesses, they don't like uncertainty and they don't like being not being able to see through to him. now do you see the outcome of this election materially affecting people in an economy where unemployment is. 1 rising or prices, all right. well it passes pro la christoph, it's really hard to say before any outcome has been determined, but i am standing in a lot of us, nor to where the what, which is the home at region of bumble mar, cuz he was governor here for a long time. and it remains at one of the poorest regions in the philippines. if that is what we're going by then, i don't know if he has what it takes to run of the entire philippine economy canal them along. thank you for your assessment. their european leaders have so far failed to reach an agreement on an import band on russian oil. here's more on what
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a european energy embargo would mean for russia. state budget hooton's woe test is supposed to shrink under the current sanctions. but there is the problem. the iron revenues are higher than they've been for ages. that's because of the rise in oil and gas prices. but if you take a closer look, you will see not oh, is equal as immune season with russian oil is a political hot potato right now under skipped us on demand for oil from other sources is growing rapidly because people are worried about getting burned by russian oil smith up in british many countries want to drop prussian oil. germany plans to stop in ports by the end of the year. the e u is negotiating for that too. and the u. s. as pulling out as western democracies withdraw as bullies. what does that mean for russia? come to just sell its oil to china?
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i do guns in a key in hostile to sons is crushes entire energy infrastructure was built around 5 decades ago in the soviet era for its main markets in europe. with the, depending on the steve isn't vision an ag market. and so the entire network is and the pipelines are mostly directed west as in egg units, is stella and pipelines, tendency to novice no escalated. transporting oil by ship is also problematic because shipbuilders and insurance companies don't tell us with gluten either on the journey is longer and more expensive because really big tank has con, passed through the suez canal. but tank as can be used to dodge sanctions. they might ship the oil out on to the ocean, but then transfer it to another shift is of design of the mix, a way of passing under the sanctions radar, or sailing under it. ah, it says he didn't selling oil directly from ship to ship and international waters.
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is a ploy to disguise the origin of the oil until we fight sanctions. mm hm. that's our show for now. for more check out our website at d. w dot com slash business or the w news, youtube channel press colburn. berlin, thanks for watching. every self a successful day. showtime hamburg family, healey, brief birthday. and he's getting a very special pricing and unique like installation that has only ever been seen one fit to back. and to marvel your ro, max next on d w. a thoughts there will great
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a a with hundreds of drones take to this guys for a spectacular light show in germany's port city of hamburg. we'll find out what the occasion was in a moment. everyone.


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