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tv   Business - News  Deutsche Welle  May 17, 2022 12:15pm-12:31pm CEST

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the melbourne members had to receive special permission to leave ukraine's deformity was nearly italy, that when was a clear source of popular support for the war ravaged nation, that's it from me and no steam, don't go away. next up is business with gabelle f. as in berlin, i spoke with one of mankind's oldest ambitious could be within reach. ah, what is it really is possible to reverse aging researchers and scientists all over the world or in a race against time? the d. n. a molecule though has 28000000 different our glasses. they are
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peers and rivals with one during goal, 2 out smart nature. one of the most insightful discoveries in the history of mankind. more life starts may 28th on d, w. m. ah, sri lanka has enough petrol for a single day, new prime minister warning that his country is on the economic break. our sri lankan is ready to sacrifice even more as the island nation. desperately tries to get its books in order. also on the show of the euro areas, the slight growth in the 1st quarter worries of recession are mounting and the small village in columbia reveals the true cost of germany is rising call
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importance. blow welcome to the show. i'm seeing fiercely in berlin. it's good to have you with us. we begin to sri lanka where the country's new prime minister, renelle victrum, a singer says the country desperately needs $75000000.00 within the next few days. just to afford a central imports, including medicine and fuel. he, one of the sri lanka had enough petrol stocks for just a single day. but she loggins have already been facing our times tra lunches, economic woes, a hitting every one hard, most noticeably in food and fuel, petrol shortages mean, rick shaw driver's face long queues to fill up. their struggling to make ends meet god and mirror. i don't have much fuel in my ritual. i've already been to 3 petrol stations, but there was no fuel in any of them, even though they have some here at this station. the queue is too long. the resignation of prime minister roger pack,
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so last week was not enough to quell the protests. his brother remains president. despite being myatt and corruption allegations appointed last week. the new p. m is now attempting to calm a furious nation, announcing measures to stop a total economic collapse. but those came with a die, a warning that they were what we did in math at the the next couple of months will be the most difficult ones of our lives. and i must prepare ourselves to make some sacrifices and faced the challenges of this period. kappa. remember them, dear, you be many sure. lincolns are already making difficult sacrifices. how will we manage without fuel and all the vehicles are here? we don't have any work. now this is our only job these days. there's nothing else to do. reforms are on the way, but it could take more than an improvement in food and fuel supplies. oh, i could even take the departure of the president to satisfy sri lankan calling for change. oh, but you're so to serve on
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a move to is the founder and executive director of the center for policy alternatives in colombo, pocky saudi, thank you for joining us. the people, sri lanka are being asked to make further sacrifices by their new prime minister. to what extent are they willing well, this remains to be seen. i think, you know, if the prime minister and the government continuously speaks to the country and explains to them why we've got ourselves in this situation and what we need to get out of it, then i think there won't be so much of fat addressed disturbance in responding to the difficulties of the economic situation, but as the other day i mentioned that is the political right. i think that will be of unrest. and the protest as will continue if the political reforms are not addressed as well. with those political reforms include the president leaving office, do you think do expect that to be a demands that will have to be met in a, in the days ahead? well something has to be done with regard to responding to that co. busy demand and
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persistent demand of the demonstrators, perhaps a time frame has to reset. the executive presidency has to be abolished. and also a definite date for a new election have also got to be muted. how did it get to a point where according to new prime minister, there's a single days worth of petrol left in the country? how did it get that far? why were no appeals made earlier for support or worthy? well i think it's because of the incompetence and capacity got them on the part of the raj box of regina. they used up all our foreign exchange reserves in terms of paying credits as an international bomb holders. and as a consequence, we didn't have any foreign exchange to get the barrison shows, in terms of food, food. what does this mean for those on the ground, for the, for people and how they're living, how bad is the situation? can they still afford food? for example, across seattle,
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it's an unprecedentedly bad situation. it's the worst that this country has over face. there are people who don't have 3 square meals a day days, a shortage of drugs that are constantly standing in queues for fuel and for gas. so it's very, very grip and as the prime minister said, it's going to get worse. the prime minister also said that they need $75000000.00 in the next few days. where's that money going to come from? well, hopefully the money will come from our friends in that in days $1.00, japan is another. we have to get the bridge in funds in order to tie dash over the period before the i have a few kicks in. if it is going to kick in. right pocket, so to serve on a motor with a center for policy alternatives and colombo is a capital sri lanka. thank you very much. and out of some of the other global business stories making headlines, shares of india's life insurance corporation dropped more than 8 percent on their
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1st day of trading. the biggest ever i p o is part of an effort by prime minister in a range remote to sell off state assets in order to monetize nationalized companies . for the fiscal deficit of more than $200000000.00. for automates lensky says his country is facing a monthly $5000000000.00 budget deficit due to war related costs. ukrainian president brought up the spinning squeeze during a video conference with the international monetary fun saying afterwards. he's looking forward to working with the i enough to maintain ukraine's financial stability. economic picture in the u isn't pretty 20. $22.00 was supposed to be a year of recovery from the pandemic. now the u. s. flirting with recession, the latest number show gross domestic product in the euro area. that is the 19 countries that use the euro currency has grown by meagre 3 tenths of a percent and the 1st quarter. and that's after rise of half a percent the previous quarter. look back in the past 2 years tells the whole story
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with crone of iris pandemic hitting the ease economy hard early in 2020, causing g d p to fall steeply. then came the slow start of recovery, which itself was stopped in its tracks by war. and that's helped further drive up energy and food prices. a chinese 0 coven policy has exactly helped. it's forced businesses there to shut off for weeks. some of those closures absence entered, but they're deepening the supply problems in europe and other parts of the world. all right holders meeting is chief economist at baron berg bank. he joins me now for more. hold are going to have you on the show. what is the danger of recession in europe? is that realistic? well, a recession is not likely. it is a risk, but more likely we will stay in sort of speculation for a little while sex age means hardly any growth and very high in phase recession is possible. if, for instance, there was another shock, such as even worth the supply chain issues with china,
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or if europe indeed seizes to get any natural gas from russia, then we will be talking to session. for now, we are looking at stake flayson with a good chance that the, some of the situation could improve. as there is a lot of pent up the mom, especially for some already days after the pandemic. also in summer the european central bank is hitting that it could go ahead and raise interest rates. what could that mean for low growth countries? well, interest rates are so low in the, in that probably a modest increase in them would not do a lot of economic damage. we probably would have in italy and spain. portugal greece be able to cope with somewhat high interest rates after on one side effect of inflation is that tax revenues, for instance, on value added tax rising. so as long as the e c, b does not really over do it. we probably would not be facing serious risks to the
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financing conditions for these countries. but of course, in europe is always an issue. we need to watch a briefly, if you can, other signs of optimism, for example, maybe the euro's weakness against the dollar. would that benefit export? the u. s? well export order books are so full that the, that the witness of the euro does not make a major difference. what we're looking for signs of hope is how the situation in china is evolving. hopefully not getting much worse and also with energy prices. finally stabilize, that would be good, but for now it's too early to say we should be all in this day. the next few months will be speculation. and over the summer, hopefully things could get. all right, hold a meeting chief economist at bank bank. thank you very much. germany will end its importance of russian coal this summer. if everything runs according to plan. replacing the fuel means looking elsewhere,
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including as far away as columbia. our next report shows us the cost of coal mining on local residence, health, and on their land. louise's can breathe more easily. the 8 year old has more strength and well to learn. his mother says the only option they had left to improve his health was to leave their home village of province. young ramonica miss one of the others. it all began when he was 8 months old lab. at 1st he had a high fever and couldn't briefly added those were his 1st symptoms seemed to mike and lydia loose. oh, diana said that the coal dust emitted by the sarah horn mine made melissa sick. the giant opened cast mine and said a home has been encroaching on po vin, c l. a. settlement of columbia's indigenous while you people said a home is growing in part due to the millions of tons of coal and to germany. companies like winnie power and art of u. e. use colombian coal to fire, their power stations lose sued the mine a few years ago. winning a partial victory courts forced at a home to take more precautions,
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but local say to little was done. homeless kid, amos cadillac, now they ask around in the village, how they should do their blasting as in what tony. if that's a disrespectful, it's as if they're asking, how should we kill you all will get a sack and we'll get a get. they might be for local villages. sarah horn is controversial, some hope for jobs and columbia, sick and poorest region. others fight against them. i run by swiss corp. glenn cor, including me science, so got us. his daughter's skin is inflamed. he blames air pollution from said a home is when the activist wears a bullet proof vest strangers of attacked him several times. me sail documents held the natural surroundings, have changed, the river is polluted and he wants europe to know it. ah, yes, i wanna get lucky cool that useful over there. but here the damage is great and
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irreversible mealies. there are thousands of families who are being harmed by coal extraction, gathered one birthday will. emma, the latasha, the girl, the fight is taking place and course such as over the bruno river, which said at home has diverted by nearly 4 kilometers. the will you say the mine is cutting off their water supply, but said a hone argues the diversion is exemplary. we asked the company about the accusations, all of which it rejects, saying they respect human rights, abide by the laws and the thresholds and reduce dust. german coal buyers also support sarah horn, human rights activists demand, and they should finally apply more pressure vignettes, if coal imports from germany now increased than we fear that indigenous people in columbia will pay for prudence war and ukraine lee and had song bad loose. arianna shows us where her house used to be in proven seattle. the explosions caused cracks to form until the house collapsed. another reason why she continues to get involved
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said a home may have taken away her home, but not her fighting spirit. and here's a reminder of our top business stores, sri lanka desperately need $75000000.00 within the next few days to afford a central imports including medicine fuel. that's according to the country's new prime minister running what room a single. you warns the sri lanka had enough petrol stocks for just a single day. that's or show find out more lies. he w dot com slash business with hello, there. i am, the moon. you all know me at least by sight. but feel, if you know my secret, would you like to know them discover what i can offer and why everyone suddenly wants to visit me and come and take a close tomorrow to d w.
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mm hm. what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites with d w world heritage is $360.00. get the app now with the us a huge store house of rural materials. even the ocean floor is being mindful, ready to mount is insatiable, but the environment is suffering. private companies and space agencies are looking for new opportunities as resources on earth. i'll find eyes such as exploiting the moon. the us only natural satellite. is there going to be a luna gold rush?
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