tv Business - News Deutsche Welle January 1, 2022 1:15am-1:30am CET
chair and some great cultural memorials to boot d w. travel off we go. the w's crime fighters are back. that effort goes most successful. radio drama series continues this season. the stories focus on hate speech, color of prevention and sustainable charcoal production. all episodes are available online, and of course you can share and discuss on d, w, africa's facebook page, and other social media platforms, crime fighters, tune in now. ah, good by 2021 and what a year. it was despite volatility for some stocks due to the pandemic. the american markets recovered rapidly by the end of the year. power will speak to
a correspondent in new york to find out also coming up. property prices in chinese . cities have sold to become among the highest in the world. we'll meet some of the winners and losers and one year into bricks. it hasn't been the disaster. some predicted. we'll check in on the relationship between the u. k and his e u neighbors. this is your business update. i'm daniel winter in berlin. wall street has ended a dramatic year on a high with a december rally that's following a year, which punished travel stalks and saw tack, saw to new heights all while the pandemic eased off in the summer months and came back with a vengeance. and a new variant in the winter and james sweeney is in new york forest. thank you very much for being there for us. james. and despite rockier us stalks rallied at the end of 2021, touching close to record highs. how come? well,
to be straightforward with you. 2021 has been one for the record books because the average is the rollup double digits this year. and if you're on a see what you want to figure out why the answer simple. the markets took such a beating in 2020, that there was pretty much nowhere else to go. but up in 2021. now sure there was shakiness, as at times as you mention. but the global economy began to finally open up in 2021 . and that could not be said in 2020 businesses. they reopened their doors office places the employees were coming back, streets were beginning to fill up again tourism returned. and it seemed that with the combination of global central banks, maintaining supportive measures strong, corporate earnings. and very importantly, the roll out of mass, coven vaccinations, shifting public health protocols. then you have yourself, what you're seeing today. optimistic investors throughout wall street and the global markets. the s and p 500 up 27 point one percent this morning for the year on piece words 3rd street, positive year. the dow and nasdaq heading towards their 3rd straight annual gain as
well. so massive government stimulus vaccine roll out strong retail consumption. investors are optimistic, but what exactly are the soothsayers of the financial world predicting for 2022. well that's i called the financial nostradamus question. i wish i had the answer for that, cuz i wouldn't be here on tv with you. i'd be somewhere else. but what the soothsayers are saying right now for the year 2022, they're saying it's going to be an interesting one because there's a lot to keep an eye on there or something that the good times will continue to roll. the u. s. markets are going to reopened, like the old times, fully open their doors. the global markets will follow suit, and there's others that expects over conditions next year. as the fed tape resolve, it's easy monetary policy and as it continues to address rising inflation. so here's the broad answer. nobody really knows, but there's a lot to keep an eye on. you have fed tapering, interest rate, hikes, coven cogan, variance electric vehicles, inflation, energy prices, unemployment, geo, politics, travel, tourism. and even here in new york city, we have a new mayor coming in and his policy alone can change how big businesses,
small businesses and even wall street reacts. and he's also a big fan of crypto. so there's another topic to keep an eye on as well. plenty to look forward to our nostradamus, james sweeney in new york. have a happy new year. thank you very much. abby knew you now to some of the other global business stories, making news president adon, has urged tucks to keep their savings in lira and said recent exchange rank volatility was under control. the layer is lost and he 45 percent of its value. it's washed year in 2 decades. the turkish president also asked for trust in his unorthodox policies of slashing interest rates. despite soaring inflation. and germany has shut down half of its remaining 6 nuclear power plants, as part of a government commitment made shortly after the fukushima nuclear disaster in 2011. the final 3 nuclear plants were closed next year. the move has recently prove controversial as energy costs rise due to dwindling gas applies and she doing ping
has warned of challenges to economic growth in the world's 2nd largest economy. unlike in previous years, the chinese president did not talk about gross domestic product in his new year's address or uses. china has come under increasing pressure from a range of forces including covert outbreaks, a debt crisis in the housing market and weak consumption. and speaking of that housing market, chinese cities like hong kong, shanghai, and shin gen have some of the most expensive property in the world with residential prices. sometimes dozens of times higher than the average household income and rising. beijing is fighting and expanding property bubble above beijing's glittering facades shine proud symbols of the chinese economic miracle. the people who clean them though, live in the basements of those buildings. people like one cham wrong. lou. i'd like to
show you where i live. hello, thought killed ella. she is a so called a i one of 1500000 housekeepers in the capital. i've been living here for 7 years. boone one cham wrong lives in a small storage room. it's green and dry and above all, it has a bit of daylight. above her is the 1st class apartment complex. renting in apartment fair costs around $2500.00 euros a month. one chung rung could never afford that. she works 10 hours a day and earns only $670.00 euros a month. oh no matter how much you wish for something, it won't make it come true. a little hyphen coldly, as long as i can earn a living and put a little money aside. i'm happy so high. she would. those with enough money on the other hand are greeted at the front door by the sound of violins. tongue. rito is
a real estate agent and shows us a 325 square meter luxury apartment, which goes for 5000 years a month. the 6 room still need an occupant, but remain empty for now. oh, conger imagine my e g people preferred to buy single room apartments at which are located on the outskirts of the city. that license i am for ha, ha ha ha. the credit conditions aren't favorable at the moment her. that's why a lot of people can't afford big apartments like this tremendous ya. if the real estate prices are way above their budget since the consolatory, huh. the apartment looks like you museum gathering dust. the corona virus crisis hammered the real estate market to the point of collapse. pung, rusito has been looking for occupants for months now. in august, we still sold more than 10000 apartments. but in september, it was only 4000 real estate sales or vital to china's economy and account for
around 25 percent of the country's g, d p. but the housing market has been derailed and it's causing real estate companies to go deep into debt. now the chinese government is starting to step in and take control of the sector. wow, that's had over to europe and it's a year since breaks. it took full effect when the u. k. left the e. u single market and customs union. that 8 came with predictions of disaster for the british economy. 12 months later, how as the country coped in december last year, as britain ready to itself for a hard break, that prime minister boris johnston addressed to parliament in his typically confidence dial absolutely no doubt that from january the 1st this country is going to prosper. monitoring this yet, but the reality is the country's woes began almost immediately. britain's chemicals,
electrical equipment, machinery, metals, minerals, and textile sectors became hopelessly entangled in the trade deals, so called roles of origin. any goods arriving in bra and from abroad, and then exported into the e you incur accustomed levy and britain supply chains rely on a vast number of parts source from outside the european union. thousands of trucks trying to exit the u. k. were tied up in the red tape. there is no good in this situation as serve is for me and too much you piper walks too much way words all the time is right and this is not, not good. then in september the u. k. is petrol palms ran dry fuel deliveries from the e. u stalled. in a shortfall of european drivers who had left britain contributed to the perfect storm, the results, national shortages of foodstuffs and other retail products. independent economists expect the u. k. gross domestic product to drop by 4 percent. as
a result of regs in the coming years, exports have already fallen. where's e u country to actually expanded their exports to the rest of the world? the u. k. has not, we've been performing very badly. so in that sense, at least so far, at least break it has, has clearly failed to deliver. so far, the british government has not been able to deliver its brags, it promised. that's why some whole show 60 percent of britons believe brags it has done more harm than good. australia's government fails to set out concrete plans earlier this year for reaching its climate goals. disappointing international observe as the cop climate summit. still many businesses, their c carbon neutrality as an opportunity, australia successful wine sector is no exception. the tub milk winery in the northeastern part of victoria has been around for a 160 years,
and the winery is actively shaping its own future. being certified organic has been a major plus in the sector for a while now and has been an important marketing tool. the next step for todd milk is carbon neutrality. topics vineyard is part of a growing trend among australian wineries to be certified carbon neutral, which means all the carbon they produce is offset. great growing and winemaking is, is very influenced by the climate and we're really saying the effects of climate change. at the moment the winery still needs to buy carbon credits to be carbon neutral, but the owners aim to offset all of their carbon emissions naturally by 2025. using solar power and treat planting. the winery says it's managed to cut 45 percent of its emissions in the past 10 years. yeah, we want to keep in mind we're 97 percent of the way in our journey to being actually balance carbon neutral. so we're hoping in the next few years that will be able to achieve that goal through more re vegetation,
the auditor that monitors tar books, carbon emissions, believes more companies in australia will follow in the wineries footsteps. i think if you're a business and you're not doing these types of things, then and you're really missing out for the future generation. and a reminder, the top is the story we're following for you. the sour, the pandemic made for a volatile year for stalks, but u. s. markets recovered rapidly by the end of the year and notched up a few fresh recalls. and you're up to date with dw business. i'm daniel winter in berlin from me and the business team. good riddance to 2021. here's wishing you a happy new year. with that, do you like it with? do you want it?
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