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tv   Business - News  Deutsche Welle  June 8, 2022 11:15pm-11:30pm CEST

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to speak about. yes, yes, genevieve commander, we appreciate your time in your insights to night. thank you. you're welcome. you're watching the w. w. business. these is up next with my colleague christy plants, and i will see you tomorrow with people in trucks injured when trying to flee the city center. more and more refugees are being turned away. families played on the taxi syrian for the credit on we learned administrative people fleeing extreme
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ross getting 200 people, his son agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, you lawmakers back a ban on combustion engines and a move to fight climate change. the european parliament wants to end the sale of new cars with combustion engines by 2035. but will e u member states give the green light also on the show,
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getting grain out of ukraine, russia and turkey, se they found a way to ensure the safety of ships leaving ukrainian ports. our reporter breaks down. what's in it for anchor. and as a global food shortage looms farmers in ukraine's east plant their vegetables as bombs fall around them. i'm christy plants and this is d. w. business. the european parliament has endorsed a ban on cars with combustion engines, starting from 2035. as lawmakers try to step up efforts to fight climate change. the mandate would prohibit the sale of new cars powered by gasoline or diesel. the assembly also back a 55 percent reduction in carbon dioxide from cars in 2030 compared with last year . the parliament now has to begin negotiations with member states to a job adopt a joint position of decisions today. decisions today weren't easy ones. our reporter marina strauss has more e lawmakers here in strasburg, has voted in favor of a ban anew combustion engine chorus. by 2035,
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the greens, the socialists and also the far left, said they welcomed this decision because it would help the block to become climate mutual by 2050, the conservatives, and also the far arise. however, said that we're not very happy with it because they would have preferred more freedom for the industry, for example, by allowing synthetic fuels. so before this can become a law before it can enter into force that you lawmakers will now have to discuss with the 27 e u. countries to find a solution at compromise. either climb proposals where it rejected to day, for example, the reform of the use carbon market. and that means that you lawmakers will have to come together again. now we'll have to discuss, we'll have to try and find a compromise that everyone can agree on in the future. demand for mortgages and the
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u. s. fell to the lowest level in 22 years last week. the mortgage bankers association said applications for mortgage to buy a home dropped by 7 percent. it comes as interest rates rise and the number of homes available decreases in the u. s. will for more. let's go to youngs corta at the new york stock exchange. hi there. yes. can you tell us why aren't americans buying houses like they used to? chrissy, i just look at what happened to home prices here in the united states. recently, it typical us home was worth about $344000.00. that was a good $70000.00 more then at the end of 2020. so this is a one side of the medallion and then on top of it also the price for her mortgage is have increased quite a bit. so at the beginning of the year,
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the 30 year mortgage rate was at about 3 percent now it's almost at 5 and a half percent. so it's also more expensive to finance those houses. right. yeah, i'm talking about more expensive. a lot of things are more expensive these days. how might a lower demand for mortgages bleed out into the rest of the u. s. economy? yeah, sure. i mean, chris, the one over all the building and housing into 3 is one of the bigger cornerstone. some of the into theory or of the economy here in the united states in general. but then also if you look at the indirect effect, i mean a lot of people in the past have refinance their mortgages. and with that extra money that they're making, with refinancing, they could spend it somewhere out there. and if you look what happened to the refinance demand in that past month, it was down 75 percent in comparison to a year ago. so that's also some extra money that will not be available for
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americans to spend a soul in that regards. anything to support a growth in the united states overall young quarter. thank you so much now to some of the other global business stories making this the organization for economic growth and development has cut its global growth forecast to 3 percent this year. the group blamed russia's invasion of ukraine and the energy and food crises. it also expects inflation to rise to 8 and a half percent in its $38.00 member states. a quarter of flights are expected to be cancelled at paris charles de gaulle on thursday. workers are set to strike, to demand higher wages, the walk outcomes, the several european airports have struggled to handle, passenger flows due to staff shortages. the travel industry is bouncing back faster than expected from the crew on a virus pandemic. while russia's war continues to block much needed grain exports from ukraine to the rest of the world, the ukrainian agriculture ministry has said that as long as the ports remained
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blocked, only a 10th of the countries current grain reserves can be exported by road rail. each month now turkey hosted russian foreign minister sergey lab rav for talks aimed at reopening ukrainian ports for shipments of green. now the ukrainian government says that as many as 25000000 tons of grain are stuck in odessa, blockaded black sea port. russia and turkey voiced support wednesday for a safe corridor in the black sea, with shipments flanked by the turkish navy. but kiya has rejected the proposal saying that it was not credible. now since in russia's invasion of ukraine, global food prices have exploded. leading to the threat of worsening hunger crisis in north america. well, for more about this, i want to talk to our reporter, etc, etc. wouldn't you told me also before our talk that your name meets plantar harvester so very appropriate to talk about grants? correct, so i'm acro, how can we interpret the results of these talks that took place in turkey today?
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well, there is a step forward, even though it's a tiny one of the advantage here is that turkey can talk to both countries. so turkey did not sanction russia since the start of the war. and it still keeps it's good military and economic relations with ukraine. and both countries are partners for turkey. so in which case that turkey just stepped up and wanted to play this, our brokerage role for the pistols will out of in my next question. i mean, maybe you can elaborate about that a bit about what role turkey actually has to play here in this sort of crisis. interior turkey defies it as a facilitating or mediating grow in practice that will mean that turkey would escort the ships that are, that are even a support in ukraine. and they would also help the mining the area and they would escort all the way down to was for a straight so that the, the ukrainian with can reach the global markets. ok,
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well that all sounds well and good. what does turkey get out of doing this? actually, well one can ask, talk your, are the one. well, we need to dive into talk is current situation to answer this because there's one year into actions and, and one is not in good shape in terms of poles and public support. so turkey seems to be very eager to play the key role in this, in the steel sort it or do i can show up again and you know, she can, he can just show the work that, that i'm still here. and i'm still very important in the region. i can broker this deal. so the world needs me. and this can translate still translates into popular support and took. right, right, right. well, i'm taking a look at the more short term result here it talks are sort of ambivalent today. what do we have, what, what's gonna happen next? what do you think? well, it will be a cliche, but we're going to have to wait and see in the coming weeks. and we are going to
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have to see how your grand will really react to the talks that had been taking place in turkey today. and but you know, things are changing very quickly. like last month we were reporting that india wanted to step up to cover the deficit and global grandma. but days after they want to buy it. so we're really going to have to wait and see all the checking in with you on that again going forward. thank you so much, equity now the war, of course has hit you korean farmers in the countries east. they have been planting, seasonal vegetables, despite fierce fighting in the area. a russian missile comes to rest in a ukrainian farmer's field right in the bread basket of europe. thanks to the soft ground. this one didn't explode. but despite the danger, life must go on and farm as in ukraine's eastern dunbar region have nowhere else to
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go. and that may seem like it was the yeah, this constant shelling, there are some breaks, but they are very short. we're not sleeping at night at all while they're showing you are shaking in the bed. there's no way to go and no money to go. they planting seasonal vegetables in this field as they have done every spring for generations. with this shelling from every way a daily, what can we do? we need to live somehow and to survive somehow. yes, that's what i, i won't go away from here. it's, it's my field. why should i go somewhere else? with normally ukraine supplies just diver 40 percent of the sunflower oil, tried it on the global market. 16 percent of the maze, and nearly 10 percent of the world wheat. but with russia blockading, ukraine's ports around 25000000 tons of grain,
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a stuck in the country. according to the united nations food and agricultural organisation, there's also evidence that moscow's troops have been looting storage facilities and transporting the grind back to russia. to make matters worse, russia's invasion has deliberately targeted ukraine's agricultural sector, leading to downgraded harvest forecasts for this year. a reminder of the top is a story we're following for you this hour. the you parliament has voted to ban the cars with combustion engine starting from 2035 as lawmakers try to step up efforts to fight climate change. the mandate would prohibit the sale of new cars powered by gasoline or diesel. the assembly also backed a 55 percent reduction in carbon dioxide by oxide from cars in 2030 compared with last year. well that's our show for more check us out at d, w dot com backslash business,
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and the dw knows you to channel. we are also on facebook for me in the business team here in berlin. thank you so much for watching the show with ah, drought kills of them. and their children. it's the worst famine in 40 is millions of people are suffering in the horn of africa. and there is no end in sight to the crisis. global 3000 a with
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our theda in art lovers guide with singapore. and how do artists work with different identities with the minutes on d w. o we're all the good to go beyond deal with as we take on the world. 8 hours. i do all this weird all about the stories that matter to you.
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whatever it takes 5 policeman to follow up with you, we are, your is actually on fire. made for mines ah ah ah, welcome to global 3001 father 12 sons and naturally new home for refugee children from north korea.


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