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tv   Business - News  Deutsche Welle  February 15, 2023 12:15am-12:31am CET

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buying for the golden and silver bare prizes. this year's event will also have a special focus on the recent anti government protest miran and the war and ukraine . sean, penn's documentary about ukrainian president of a lot of muse lensky filmed as russia invaded ukraine almost a year ago, is among the headliners free. that's all for now. stephen beardsley is up next with your business update. why? wall street is not impressed by the latest u. s u. s. inflation figures. i'm on me and he said from me in the team here. thanks for watching. with nico, if he's in germany to learn jermel lewis, pinnacle, why not learn with him? t w's e learning course, eco's fake. imagine that you're eating a hamburger and as you're biting into this juicy burger, your dining companion says to you. actually that hamburger is not made from kaos.
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it's made from golden retrievers. should meet. 2 2 2 2 2 2 2 2 in meeting cultures around the world, people learn to classify a small handful of animals as edible and all the rest they classify as disgusting. a docu series about our complex relationship with animals. the great meet debate. this week on d w. ah ah, i'm steven beardsley in berlin. here's a look at our top stories. us inflation edges downward, but wall street mostly unimpressed as it contemplates sticky or stubborn inflation . the e u makes an official sales of fossil fuel. cars will end in 2035, but will electric production ready will the cars,
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the affordable also on our show trade record show how chinese businesses are ating russian military. despite western sanctions. welcome to our show. markets in the us have taken a tumble after new figures showed only a small drop in the rate of price hikes. inflation rising 6.4 percent year on year in january. that's a 10th of a point less then the month before. that's the 7th month and row the rate has fallen, but analysts had expected a bigger drop. stubborn inflation means the federal reserve is more likely to continue it's pace of interest rate hikes. we go to jens quarter in new york yen inflation did cool, but not quite as much as hoped. give us your read on this now. well, i mean at least the trend is to ride to but that's pretty much show where it already as stops. i mean, we do see a lower prices for computers, for example, for
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a tv set, some and also a for used cars so. so that's actually a pretty big i'd about on been on the other side are we still have elevated prices, especially when it comes to shelter energy of the oil prices. by the way, we're up a good 8 percent last week and that's not even included into this latest the c p i a figure and also food prices are still on the rise so. so i'm quite, obviously, it is a good trend that for us evans consecutive months of price increases have as to load. but as 6.4 percent in general is still a pretty high number. historically, the question yes. what does this mean for federal reserve policy? what policy, what does it mean for interest rates? which of course have global consequences. as surest him, i mean that so where does all comes down to it? so what will the federal reserve to, i mean, we've seen it after those so figures,
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circ a got a published or we saw a spike in beds that we will not just see an increase threads increase in march, but also another one in may. and even the 3rd one in june of so that's where the bed stand at this moment. but it is also not entirely a off the table that we might even see in interest rate in the near future of 5 and a half, or maybe even up to 6 percent from the 4 and a half to 4.75 percent where we stand right now, so is that reports, especially also is the latest strong numbers, some on the labor market, there will be more interest rates increases where it stops really depends on the next set of data that we will get from the labor market and from a c, b i to me personally, was a bit of a surprise that the market took it rather calmly. this a report, especially when you look at the dollar, it did not really move that much. and also wall street only
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a slight loss ecier in the juices session. ryan's quarter following the inflation story in the u. s. thank you. let's go over to some of the other global business stories making headlines. air india has unveiled an order for 470 passenger jets in response to surging demand for air travel. 250 of the plains will come from europe's air bus. prime minister and arrange remote. he joined in a video conference with french president, a man wilma kong to announce the deal. boeing will supply another $220.00 jets. japan's economy has returned to growth, expanding 6 tenths of a percentage point in the 4th quarter. the upward movement was driven by more inbound tourism and stronger private consumption. analysts, however, were still disappointed. they'd been expecting an even stronger rebalance. ford has announced plans to slash 3800 jobs in europe over the next 3 years. the cuts are to
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be focused in the areas of product development administration. the automaker sites rising costs and the need for a leaner structure as a pivots to electric vehicles. most of those cuts will be in germany and the u. k. meanwhile, europe has set a deadline for saying good bye to cars power powered by fossil fuels. the european parliament setting a new law banning their cell from 2035. well, makers in strasbourg approved the bill, which now goes to european legislators to pass in law. they say the deadline was for investment in europe and help the continent meet its goals are becoming climate neutral by 2050. but so far that you has not been able to agree on a time table to face out fossil fuel, power, buses, and trucks. or course wanted better ego joins us now from strossberg burnt. why has europe focused on a hard deadline for phasing an electric other countries like the u. s. don't even have one was the goal for the european union is said to protect the climate
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and to make come, make us move in europe. the european union says we need a clear timeline, a clear emission target which is 0 and also a clear technical framework. and actually it's working a major european comics and especially in germany have already committed to meet a this target and to stop the production of combustion and genes by 2033 or 2000 or 35. and the you also says, european car makers have to be in the forefront of this revolution, not trailing other comic as in other parts of the world, especially chinese car makers, comic as which are investing heavily in electric in the car production. and so you're wants to keep up the pace as you said, many european car companies moving clearly towards electric, already releasing electric models. at the same time, the traditional auto base is built around the combustion engine. now more battery
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makers are also heading to the us because of their mass of subsidies. do you hear concerns that europe may be hijacking its own car industry by forcing it to so quickly shift gears the are there of course concerns because the, the challenge is huge and the challenges for, for example, a to have all the auto pods ready to make these cars to keep out of pod production in europe and also to have better production here. and especially to produce semiconductors, the computer ships, which are the core of the electric cars to produce them here. this is a challenge. and the chances also this is what the unions are saying that you need less people to produce these cars, less car workers, actually because electric cars are much simpler than a cosmos. com batch, the combustion engines. and that will be a challenge. the next 12 years to, to you know, to relocate the workforce and to educate the workforce or so we see that opponents
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of this rule are saying that many people still can't even afford an electric car. how to supporters of his measure responded that where they argue you more cards are we make with electric engines, the cheaper they will get. and the, the average price of electric cars should be not higher than the combustion engine car in the future. and also the cost for running this car for driving this cars a lower because you don't need fossil fuels any more. only electric power. and some polls show that actually in europe, people are eager to buy cars. 2 thirds of consumers say they are interested in electric cars. and the commission or also is proposing that trucks and buses will have to run without combustion engines by 2040. so the train is not stop verbal anymore. all right, that's about reagan in strasburg, where the parliament agree to that new measure. thank you very much.
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it was almost one year ago. the western nations vowed to reduce the military useful trade coming in to russia. v. a sanctions. a trade records have provided a picture of what's actually happened this past year. chinese companies have continued and in many cases even increased their business with moscow. data analysts say there is clear evidence that china has dramatically increased military shipments to russia since moscow invaded ukraine. a network of chinese defense companies operating directly under the state owned assets commission has been steadily supplying russia with military hardware despite international sanctions. almost 2000 companies operate within the poly group network, including a defense conglomerate called poly technologies. and so what i've identified from the companies that i've been researching is actually an increase in military applicable parts that are explicitly labeled for military systems to russia, from china since the side of the war. and even for
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a couple months preceding why we see about a 300 percent increase in and $171.00 system parts from power technologies to these russian defense companies. just about a month or 2 before the invasion started. and most of the shipments are actually during the war itself. many of these companies are shipping directly to russian military hardware companies, which are operating in ukraine. among the electronics and machinery parts are parts which are explicitly for military use. in october, a company called china talley aviation shipped radar parts for the s 400 andy aircraft system to a russian defense contractor allmers anti. that transaction was detailed in a wall street journal article based on data from c 4 ads. and between june and november, there were multiple shipments of parts for m. 171 helicopters, this time poly technologies selling to renew the ation plant. but because of
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complex supply chains, it's not just chinese companies that are implicated and we see about 30 percent of analogy straight partners, house active western ties, and their shipments either exporting, importing or countries of origin. and this is really impactful because sanctions measures specifically stipulate that any entity who's trading goods or services or even financially supporting these sanction russian defense companies is potentially at risk for sanctions penalties as well. that applies even if the company isn't aware of the final destination of the product. and even if it wasn't a direct shipment. however, some companies it clearly believe that the profit is worth the risk. and finally, valentine's day is a holiday for sending messages of love. and that typically means one thing, flowers. but one florist in washington
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d. c has sought out an unusual delivery partner for an extra $35.00. a cane on courier will bring a bouquet to your door. flower shop owner launched the initiative 3 years ago and donates the proceeds to an animal rescue. shelter. is reminder of our top story. u. s. inflation fell only slightly last month and the prices rising. 6.4 percent year on year, a 10th of a point less than a member analyst had expected, a bigger drop right, that's for it for me and the dw business team to watch it every day is more difficult than the next to iranian very batteries act because it sanction from protest increase the risk of poverty for people like ha,
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