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tv   Business - News  Deutsche Welle  April 20, 2022 12:15pm-12:31pm CEST

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you are watching d, they'll be news from berlin up next. chelsea delaney will be here with the latest business news. you'll be taking a look at skyrocketing inflation and how about hitting producers? i'm terry martin. me and all of us here at the w. thanks to watch with guardians of truth on exiled turkish journalist john dunn. darn. i have paid almost every price of being a journalist in a country like through key and mexican investigative journalist, unavailable on this one. i. every day the government is involved. she's digging the country soil to find out the
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truth. they want to kill me and they try many times facing with a gun can change your life, wants to know what is happening, their guardian, the truth starts may 3rd on d, w. o o, a key inflation gauge. that's another record. high in germany, german businesses, they skyrocketing cost as rushes worn ukraine since. prices for energy and many other commodities to new highs. and as the cost of russia's war continues to pile up in ukraine, e leaders are discussing efforts to finance the reconstruction of the country. and we take you to poland to our construction businesses are struggling with labor shortages as their ukrainian workers had home to help him. chelsea delaney
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welcome to the show. a measure of inflation for a german businesses rose at the fastest pace ever recorded and data going back to 1949. producer prices serge, nearly 31 percent in march compared to the previous year. according to the german federal statistics office, that's largely due to energy prices which have surged damage amid the war and ukraine. natural gas prices jumped nearly at 145 percent. will cost for a broad range of products from wood to vegetable oil also world sharply. the data suggests businesses will have to raise prices further for consumers and the months ahead. now, as well as driving price increases, the war is also disrupting the flow of migrant workers. throughout europe, take the polish construction industry which has long relied on ukrainian workers. many of those workers have now returned to their homeland to help the war effort.
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early in the morning at a construction site in warsaw, more than half of the construction workers in poland come from neighboring ukraine . and the wars also closing disruptions on this side of the border. so it's off to like all the young craniums who've been working in poland for a while. so mom of only thought minds the dish. so i'm wondering if i shouldn't go back to ukraine to help out as a roger. but i, your smaller is what i have always on that. and i have little child here. i and leaving them alone in a foreign country doesn't feel right in them. could i your bus, the spotted your, the gurgle? i believe the according to estimates a 3rd of the 370000 ukranian construction workers have left poland since the beginning of the war. the construction company nolan employs 800 people, including about 500 ukrainians and the importance of labor from ukraine for the
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construction industry. and poland is enormous. for our company, it would be difficult to get orders because employees will be missing them and the more people leave less skilled workers will be available for the project. pulling up the nodding, after 2 years of the coven pandemic, the construction industry had hoped for an upswing. they're almost finished on this construction site. but the spring construction season is just getting started. and i know whatever everything is still good here, but my colleagues report that up to 40 percent of the workers are missing on their construction site projects that were supposed to start. now i have had to change their schedule because the subcontractors don't have enough employees. you know that that will help as my hopelessly i'm not going to, i'm not the new version on the path, but that's not the only problem on polos construction sites that can upset of the cost of materials has risen by an average of 20 to 30 percent since
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the beginning of the war wind, but for some building materials like steel, the pricing produces even greater from 100 to 150 percent. it's getting really expensive when you put up with us all about them. due to the war in ukraine, the us imposed in import ban on goods from the russian iron and steel sector. the shortage of labor combined with economic sanctions against russia, is becoming a problem for ponds, economy and throughout europe. now as the war and ukraine goes on in russian forces, leave a trail of destruction. the european union is planning to establish a fund to finance reconstruction with the war. far from over the u is not yet discussing figures. brussels has reportedly told even bassett, or is that the figure could reach hundreds of billions of euro's over decades. so far support for ukraine has been distributed unevenly. that's according to new data
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from the keel institute for the world economy. it shows that the united states provided 7600000000 years worth of military and humanitarian help. this is for data going through the end of march to compare all you countries combined have contributed 6300000000 euros. that includes. euro's is about 1400000000 years from you institutions and 2000000000 euros from the european investment bank. other big donors include ukraine's neighbor, poland with 1000000000 euros. estonia has given about $200000000.00 to very generous amount as that represents 0 point, one percent of the countries gross domestic product far more than any other country . now, maria de merits. this is the deputy director at the google thing tank. she joins me now where you thank you so much for being here. so we just saw a chart showing will look like the u. s. far up,
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pacing the in terms of military and humanitarian aid for ukraine. what do you make of that is the you doing enough? not doing enough. well, ivan, as you said yourself collectively there you has given number of amounts of money that the numbers at least are comparable to the u. s. i think perhaps the most interesting comparison is to compare the, the numbers in terms of g, d, p. and as you said earlier, the report of the star estonian and countries that are actually closer to the border to ukraine have given aid, which represents much bigger percentage of g d p. so, you know, it's only understandable the countries that are very close to the ukraine therefore also are suffering the most would be the ones to pick up the bill in order to make them better with the most effort. so i think it's important to understand the distribution of the burden at the you. it was more can be done. i'm sure i'm sure there is more the can be done. and a, you know, we're trying to progress in their way that we understand the how the,
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the war would develop before the you can decide who wants more help. it can give. so we're sort of talking about the short term here. but in the long term, e leaders, leaders than in washington right now for the world bank meetings are, are all discussing reconstruction of ukraine. what happens after the war is over? who has the responsibility to pay for this? while i was, so was russia, i think russia is the 1st country will be on the line to help reconstruct ukraine, and there will be different ways to discuss with us. and of course, this isn't a premature to talk about these things before. the end is over and why the war atrocities continue in quite the way that we see them. and let's start with the numbers there's, there's a few estimates out there in terms of what it will cost. and again, these are for rough estimates because of the, obviously the number will increase as the war continues. and we're, we're hoping for a quick ending to the war and, but in the 1st systems are coming in, are talking of destruction to amount of between 20500000000000 in the current war,
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depending on when the war ends. but they're also estimate the go beyond that if one were to allow for the destruction that happened to ukraine in previous years, in the previous war. those numbers go well above the one trillion euro. these are huge numbers just to give you as of her, a scale away away from the sunny the scale. the pandemic held that the e u gave collectively to its countries amanda, to 750000000000. some of it was grant, about half of it was in the form of grants, and half of it was in the form of loan. so we're talking comparable numbers that the ukraine will need to find in order to be able to rebuild the country. and as you say, who is responsible for that? i mean, i am sure they, you will be extremely keen to help in all ways that it can. but as you can imagine, these numbers are big. in any case, before the end is over, it will be before the war is over. we will, we will have to wait and see. just briefly, if you can. i mean,
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what do you see that use roll being and reconstruction their proposals floating around now and what, what would that look like for the you potentially i think the most important thing in the context of the e use roll will be a ukraine's or desire to join the you, i think that's going to be perhaps the big things you can do for the union union can do for you train it will be to consider to seriously consider ukraine becoming a member because that is for the long haul. and it's really anchors the ukraine in the, in the values of the systems of the you. there are conflicting views when it comes to that issue in europe. one half of that to, to hope so, posing sides of the argument and show that, you know, it will be very difficult for you to expand the others. see a very clear role for the you can coming in also as a way of a job politically. you and that is to prepare for future threats. maria, to, that's us from the verbal thing. thanks so much for joining us. now to some of the
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other global business stories, making news, new car registrations continue to fall in the e. u. and march 20 point 5 percent fewer new cars were sold compared with the same period last year. the decline is mainly due to supply chain disruptions, which have been exacerbated by russians invasion of ukraine mosque mexico. senate has passed a controversial bill to nationalize lithium mining and extraction. the law will give a state run company exclusive rights to mine, lithium, a mineral crucial for electric car battery smartphones and other devices. such company does not yet exist, and the mexican government has no experience in mining. lithium, netflix share price plunged 25 percent, and after hours trading after it announced a net loss of $200000.00 subscribers and the 1st quarter says it expects to lose $2500000.00 more. and the current quarter netflix thrived during the pandemic,
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but is now losing out as households grapple with rising inflation. italian government officials are visiting the republic of congo and angle, or this week to pursue deals on natural gas supply. we recently struck agreements with algeria and egypt, as it looks to reduce its dependence on russian energy. now the global search and energy prices has accelerated renewable energy commitments. but many countries are also increasing investments and fossil fuels that are currently in short supply such as the case in north macedonia, which has delayed its plans to face out coal. the solar panels are part of the also may power plant, but it's not all green energy here. the plant burns call as well. the government intended to replace coal and other fossil fuels with renewable sources. but for now, it's stepping up the use of coal in response to soaring energy prices. the
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know with a start of the energy crisis, not just us, but all nations in europe immediately increase the production of electricity from coal. because it's the cheapest and the most secure. nice, nice, couple, nice will. nearby residents are dismayed to learn that the plant will burn more coal. need this nipple and this should not be open another day. the sooner they close at the better were powerless to go out and protest. this is even worse than during communist times to book mckesson moneys north macedonia. the government originally planned to phase out cold by 2027, but recently pushed that deadline to 20. 30 officials has since announced plans to open to new call. mine's been environmentalists say leaning on fossil fuels is not the answer because jason is one of the pillars of the green agenda and we submit the plans for a coal mine. this is the unacceptable north macedonia. was once
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a front runner and attracting renewable energy investors. but surging wholesale prices, low inventories, and rushes invasion of ukraine has sent energy prices soaring. now it's just one of many countries scrambling to secure its energy supplies. and that's our show from me in the business team here in berlin, thanks much for watching your handled. suing on behalf of the climate. more and more citizens are taking legal action against government and corporations demanding more drastic measures against global warming . the successful fight of individuals against all powerful industries, legal action, verdict, climate protection, close up. next on
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