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tv   Business - News  Deutsche Welle  August 10, 2022 4:45pm-5:01pm CEST

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is covered locked downs, pushed down the country's already slowing birth rate even further over the show. i'm from beardsley in berlin. it's good to have you with us. well, it's a small cut into russian revenues, but a big sign of solidarity for the e. u. member nations beginning and import ban on russian call today. the e u says the move will cost russia 8000000000 euros a year. a small sum compared to oil and gas revenues that you had imported roughly half of its black hole supply from russia. just over 20000000 tons call from the u . s. south africa and australia are expected to replace those imports. the you plans to ban russian crude oil by the end of the year read a correspondent barbara vessel is standing by in rotterdam. barbara, this is a major commodities, have a major hub for all shipments. there. rotterdam, what have you been seeing leading up to this band? can someone tell just by looking that companies are racing to get this call in?
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no, you can't really distinguish this coal that you see on this river barges. here behind me from any other call. of course, if an expert came geologically, geologically, it's different from where it comes from either south africa or india, australia, or russia, of course. but the hub of rotterdam as of today declares no more russian cold, 0 shovel or bucket. it's gone. there was a peak in may when really, all the dealers are, we're trying to sort of get some last minute supplies in, but then it decline steeply and it's gone down to nothing. all the freighters that have been a while ago, still waiting out in the sea to be unloaded, they're gone. this is over, the harbor says we're clean. no more russian coal at this, the end of it. and what we see on the other side of me here, this yellow crane there unloading the luxembourg that's afraid of belonging to our slow metal, and there supplying the steelworks off that company is so cool is still needed,
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particularly for steel and for electricity. and that's why this is still being brought in in this harbor in relatively large amounts. barbara, how easy will it beats replace this russian coal? you mentioned that south african coal it's relatively easy because there are many sources of cold the world round. so rotterdam harbor says, what they're seeing now is cole from south africa, coal from columbia, coal from ecuador, even as far as australia. but the problem here is, of course, the price because cool. prices have been tripled since last year. now you add the price of increased transport, of course, because australia that's a way to go for freighter. and do you use, we'll see a further driving up of coal prices. and we have a further complication. those river barges here, like the one in the back. and they can only be loaded up to
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a 3rd of their capacity at the moment because the river rhine and the river mos on drying out rapidly because of the drought the summer. and so that again pushes up the price. so it's going to be inexpensive commodity in the future. barbara, very briefly, any concerns that companies will try and circumvent the span and illicitly bring in russian coal the member countries are responsible for that in this case the, the netherlands, the hobble of rotterdam. and they say they have it under control in the times of global tracking. of course of freight are coming from one of the rush northern harbors, and one coming from australia. they can well be distinguished. all right, barbara, visible there, the board of rotterdam. thank you very much. or kohls actually seeing a bit of a revival in germany with out of service power plants being place back online as gas supplies from russia fall,
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or reporter visited one such plant in the countries north. the coal fired power plant in me home is back on the grid without rush and natural gas. coal is needed again to make electricity, but 1st, the plant needs to find qualified staff does per door to shawn's dust, urine for us. this means that we're trying to persuade pensioners to stay on longer, for example. and we try to keep young people who want to build their future. modern plants, a highly automated, our plans tends to not be so highly automated. and consequently, we need qualified staff to be able to operate it as an islands will pont upon the plant used to belong to local electric utilities until it was taken over by check company e. p age to be demolished. in proc e p h owner danya, guillotine ski has collected a decommissioning bonus worth millions. according to the newspaper target spiegel, the media shy check entrepreneur is allowed to keep the decommissioning bonus,
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even though he will earn an income when the plant produces electricity. until now, the call that fuels the plant came from russia, but now it's called from south africa that's being burned. german importers of call have been expecting supply problems from russia for a long time. and so fed hamish, on for crease, we started looking around for alternatives, even before the war began on after it began even more intensively, we managed to get enough cold from the world market to replace the russian call, which made up a considerable part of our imports. tile, all smarter ones was imports, as well as with the current rise and prices for electricity. the once outdated coal fired power plant will pay off again. even if coal has to be shipped in from a greater distance over to asia now are covered locked downs in china,
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deterring women there from having children. that's the growing concern. amongst dem uh demographers as beijing struggles with already slowing birth rates, new reporting from reuter siding regional statistics and speaking with experts, as well as with young women, suggest the harsh lock downs of recent months are taking a toll. fewer children are being born. beijing already expected population to begin shrinking in the coming years. are recent un report predicts india will take over its title of most populous nation in 2023. yeah. man. or earlier i spoke with our correspondent in taipei, zachary lee, and asked why china 0 cove lockdown. so we're hitting the countries already declining birth rate. was steve, exactly. some studies have already shown that pandemic economy as certain that the way on both rates around the world historically. and as we'll know, china, the recovery policy affects society just equally. for example, many women are in difficulties in carrying
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a pregnancy and taking care of an infant under heavy restrictions. let alone many are facing financial stake, security, and worries above cobit vaccines affecting babies. and, you know, some chinese young people told the media this, the real covey policy, which is impose these 3 controls on people's lives whenever they are positive case, they may have caused profound damage to their desire to have children. so some of them are great for say that chinese people feel losing control of their life. and this is one of the reasons they choose to not have babies or i. so the financial reasons, the feeling of a loss of control. you just mentioned their exact, how significant is this? however, for china as a society, when we look at falling demographics? well, steve, i, you have to understand that we all know the fact that china's past economy growth was supported by its population bonus. you know, this is like
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a huge working age population. so as full in both rate would probably have an impact and chinese economy goes also, you know, in the future that the clay in the countries for 10 a t rate and the aging of its population become more pronounced. some negative effects will also foreseeable for example, you know, the con, the communist party leadership will continue to age. and it probably will affect the whole society in china. since we all know that the greater la proportion of young people in a society more dynamic. we've seen recently the beijing is trying to make it more attractive to have families to have larger families. is it likely to be successful in this? can really do something about this trend? well, you know, chinese lieutenant government is actually facing a lot of problems. for example of the recovery policy and also you know, the high property prices in racing education coasts. those are the problem lately
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chinese government needs to deal with, you know, the chinese government. now they met less mit last, made a lot, much effort to encourage families to have more children than nelson in 2015 that he would allow married couples to have 2 children. but after brief, out pick in 2016, the national birth rate has been fully your year. the same as like this year, or probably next year, prompting authorities to father lose in the policy to 3 children's last year. well, also, you know, in a look for the case, you know, the local governments in china forced millions of women to a boat pregnancy, dim illegal by the state, under least one child policy. but now they are actually given slogans of policy to encourage mo, both you know, the common incentives we know include case handouts, also real estate subsidies. there also extension of maternity leave. i'd say really
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in taipei speaking with us about how coven locked down in china are affecting or threats there. thank you very much. my pleasure. but china also has an unemployment problem. almost 20 percent of young job seekers can't land a job that's according to the national bureau of statistics. it's the highest level since the data was 1st made public 4 years ago. now, newly minted college graduates. the class of 2022 are struggling to enter a daunting job market. leo kion graduated with a master's degree 2 months ago and still lives on campus in this tiny, dorman bay jane. she's hunting for a job, but that proves to be more difficult than she had thought. thought bna caught before i graduated. i talked a lot about my dreams and planned my future. from the moment i stepped into society and started looking for a job, i felt as if my future was smashed by machine. and i don't know if i can piece together, which at all,
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leo is on her way to the next job interview at an industrial park. she says to employers interviewed her and then said the positions had been eliminated. i thus asked her to accept blow up, pay. yeah, hold on. i had to order a few human resources asked me if there's wiggle room on my expected salary. and i said, now, i think 8001. that's $1200.00 euro's pre tax. every month is acceptable. it's not that high as it over. leo is one of 11000000 new graduates desperate for work and oblique job market. as coven 19 controls, force factories, restaurants and offices to close, the survivors are cutting drops and wages paiute. although we saw in march and april, many small and middle sized companies cut their sizes, they anticipated the uncertainties, so they probably sold their assets due to a company saving mindset which slashed their hiring needs. china's unusually severe
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approach towards coven 19 has kept case, number's low, but the cost is soaring. why? leo was eventually able to find work at a publishing house. many other unemployed young people are paying the price. and his reminder of our top business story. the use import band for russian coal is taking effects importers. do not expect this to lead to another energy supply crisis until last year, half of the use black hole imports came from russia. that's a fresh oh, thanks for watching.
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