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tv   Business - News  Deutsche Welle  May 11, 2022 12:15pm-12:31pm CEST

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oh, the group is one of the favorites to win the contest taking place in italy. the band has been outspoken in expressing its support for ukrainian resistance to the russian invasion since the conflict began. the competition supposed to be about use it about the event is or does have its political overtones in this year more than ever. i suppose. i been for zillow and see you again soon. mm. ah. one of mankind's oldest ambitions could be within reach or what is it really is possible to reverse aging researchers and scientists all over the world are in a race against time. the d. n. a molecule though has 28000000 different our glasses
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. they are 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. ah, a power vacuum at the top riots in the streets. 8 people dead since monday, sri lanka is in turmoil. mit the worst economic crisis in the history of the country will have live announces also coming up. consumer prices are rising in china, but not nearly as shortly as in other places around the world. we'll talk to our correspondent why, and despite a geographical distance of more than 7000 kilometers, who show you how to warn you,
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crane is taking its toll on the economy of taiwan empress cobra in berlin. welcome to the program. sri lanka has in crisis. dwindling foreign reserves and skyrocketing kidding. debt levels have left the country struggling to import stable products for it's 22000000 people. but the crisis moved into a darker phase this week when government supporters with sticks and clubs, tact demonstrators who had peacefully been demanding the president's resignation. oh, there's evil of food in sri lanka, at least if you asked these protesters, they're hoping this exorcism will help drive members of the ruling bridge. a fox, a family from office, blaming them for the economic hardship, bettering the island nation, majoring for structure projects like the construction of his harbor funded in part
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which i need loans. i've driven up the national debt. but instead of boosting revenues, president roger pox i pushed through historic duct cuts. the market responded with a credit downgrade, and columbo found itself cut off from international lenders force in it to draw down its foreign reserves. they're currently below the $50000000.00 mark. at that time of exploding food prices, sri lanka already defaulted and over $51000000000.00 in foreign debt. with more coming to you later this year. power cuts, shortages of imported food medicines and fuel have become the norm. sending protesters to the streets throughout the country, sri lanka, as prime minister, has already been forced to resign, leaving the country without a functioning government, amid the worst economic crisis in its history. ah, let's get more in this from
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a sangha bay. agnes. a kara senior fellow at the millennium project. welcome to d. w. we heard the prime minister has stepped down as did the cabinet, other than telling the police to use live ammunition to stop rioting. what is sri lanka, leadership doing to address this crisis? well, the countries are not take situation, it's completely out of control. the burning the property is multiple locations, as well as you know, attacking the peaceful protest. turn, turn the pro, turn everything to wireless, the specially attacking the symbolic place of the protest. i wish the piece will protested, we're talking about re democratization process. so. so it's, it's a, it's an, a knocking situation with political instability. and the producers are saying for the president. now that was the 1st tradition that they had from month ago. and
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they have not changed that they had one right. it boxes out the pope has among others called for calm. the joint peril association form, which represents pretty long because apparel industry has also appealed for political stability. is that likely to help? yes, may others like the lawyers, the b s. l as well as so many others have mentioned the even the defense secretary, the army commander to remain calm but day. i mean if you look at the government is the one who instigated the violence. and so now it spread all over the protest is, are not calm because they're hungry. i interviewed few of them one of them. i mean basically they were saying they had only one meal day. the packet of meal powder is about, you know, it was used to $300.00 rupees and now it's about more than $1000.00 piece of gas b,
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commodities. these like 4000 which was 1000 b. so, i mean, the governor statement saying that if this goes on the political instability, there will be 12 hour cuts. and so you have the economic hardship as well as the challenges. so i don't think the protesters will stop protesting until the, the, you know, they are angry with the roger boxes. they want all roger boxes out, including the president admitted these economic hardship that you mentioned. what does a new government need to do? well, immediately names or even government needs to be set up. president has to step down and enter in government has to be set up and the existing parliamentary parliament members. and i'm basically all parties coming together and the protest does need to be, you know, satisfied that they will be satisfied because this will calm down in the boxes need
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. and not, i mean what happen, you know, basically attacking the protest side as well as bringing this really forces in right in front of me to the military. and this is the danger that i see that, you know, it's your luck. i should not become another me and mom you, terry, coming to the forefront. and they the danger because your locker has this tendency because of the past. right? or is it a sandra bay? i go to a cara senior fellow at the millennium project. thank you for your insights. thank you. china continued to bet on the 0 coven strategy, as well as higher commodity prices are contributing to a spike of inflation in the country. in april, the consumer price index was 2 point one percent the highest level in 6 months. long coven 90 locked downs and key economic areas like shanghai have disrupted the
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local supply chains, resulting and higher transportation prices for consumer goods. a rise in global commodity prices has also contributed to the current inflation spike. for more let's cross over to taipei and dw correspondent, so song han and so inflation is picking up in china as well, but not nearly as much as it has been rising and other places around the world. why is that? compare with other countries such as the united states, china is less affected by demand lead inflation because it relies more on investment than consumption to drive normal growth either. so china's current consumer demand extremely weak and consumption is still an important factor in pushing up inflation. china's low inflation rate is also due to the government's strong measures, including price controls and tre, protection to prevent imported inflation from being passed on to consumers. while
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these measures have had a positive impact on china, in the short term, they have long term costs and are difficult to replicate in a more market oriented economy. and so china still has to deal with important inflation, though, due to its large purchases of oil, gas, and food from abroad. and prices for these commodities have risen sharply. are due to supply sharks, cause for example, by the war in ukraine. how does the country deal with that? china has huge strategic our reserves are commodities that can be used to counteract price pressures. last summer, chinese authorities began releasing metals such as copper and aluminum from national reserves, soybeans rise and we were also released. china could also co on stay on enterprises and the national reserve system to play a role in common prices by absorbing some of the price hikes in imported essential goods. for example, of when all prices are too high, china refiners,
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i expected to assault some of the impact of the price, hike themselves and tell us what are the consequences of these state control measures. the big question to china today is whether a strategy of controlling prices can be sustained in the long run. if inflation becomes a global phenomenon over time, the cost of all these measures will increase. the chinese government must spend money to maintain reserves of various materials, subsidies to vehicle or ours will reduce the profitability of state on to refineries. protection is trade policy may lead to conflicts with other countries. there's also a risk that other countries may follow china protection. this approach w's so on hand reporting from type aids. all. thank you. there are more than 7 and a half 1000 kilometers between the embattled ukrainian city of mario pool. and
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taiwan capital, taipei. and despite the geographical distance, the warrant ukraine, and sanctions imposed on the aggression, russia are hurting the taiwanese economy. t w's, zachary lee has more talking to over his clients. despite being far from the war in ukraine. larry waste company, one of ty, ones, largest machinery manufacturers, is effect t j. so we cancelled the order from our russian client due to the sanctions. i hope this is only temporary, so there are also problems with cash flow and i'll just exit the wall. his disrupted global supply chains, and there is hurting waste business. really thought woman shall order mother, for example, the shipping of a computer control special engine we bought in europe has spend elaine. she is using this one has an impact on our production and machinery manufacturing of them to you. so also tongue, who hasn't the engine?
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larry is not alone. 70 intent, high one is firms have difficulties collecting outstanding depth. and now physically we to t issue. there's also higher gas prices, an inflection companies are paying more that a towel and i will miss taiwan is highly dependent on imported energy. i think i need to import oil and natural gas. so when the price goes up, they, of course, the impact on taiwan is huge. and it's not just the ongoing economic challenges. russia's invasion of ukraine has re ignited concerns of what a chinese invasion could mean. while most locos don't believe it could happen any time soon, potential effects are becoming clear. tougher, powered or kinky if tie once chip factories are unable to produce the world production chain wouldn't stop all and our lives are your go banker and tired of
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your computer. you have a lot of a lot of things that are quiet chips will be effective up your info. this is i one dominates the was production of semiconductors. you produce this moly, half the war chip using because they won't. i'm a single company yet. and next to me, next, 92 percent of the most sophisticated is saying an attack by china cut off essentially technology co good in human capital. but it's not something must interpret nurse into one, including larry way worried about the still increasing the investment on the island . and they don't believe china were embed taiwan. and finally, it's time to say good bye to the i pod, a device that changed the music and electronics industries. more than 2 decades ago, the last model, the current ipod touch will be discontinued. apple says the ipod has undergone
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several changes since its inception. the 1st one had a scroll wheel and capacity to store 1000 songs. the latest version launched in 2007 was the same year as the i phone sample, which itself has all the ipod features. and brought the ent for the devices app. and how i go down that's i shall, thanks for watching lulu or of russia ah, traveling to the edge of the it on the borders of finland, norway and lithuania, the war. and you crave me. in the past contact with russia was close and commonplace. how would he be dealing with the new threat encounters at the border?
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tucson, on dealing with me, what people have to say matters to us. i am. that's why we listen to their stories. reporter every weekend on d. w. a large scale military drew in the arctic involving 30000 nieto troops in a defensive exercise, not or from the russian. a i'm worried about developments in europe or we can expect the 10th time slot has been lucky that we go to mother. there's a widening rift between east and west. something few people saw coming
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all these did with the war which.

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