Transcripts For DW Business - News 20221004 : vimarsana.com

Transcripts For DW Business - News 20221004

Hitlers favorite director. And how did he become a forgotten filled pioneer . Lady he finished and the unknown function between hitler and hollywood. In 1932, they sent out into the icy wilderness of greenland to create a life threatening film project that became a major milestone in their lives. Love, seduction, and power. Ice cold passion starts october 8th on d. W. Ah, Credit Suisse has tre, does sweating fairs over the swift land as future that it shares to slump on monday . Well look at whats behind the worry has been described as a financial bazooka, but germany is planned to subsidize gas prices to the tune of 200000000000. 00. Yours is under fire from his ear neighbors and target inflation hit. 83 sent last month, according to official statistics book, independent experts believe its even higher. We look at how to do business on robots in berlin. Welcome to the program. Concerns appear to be growing about the future of banking. Major Credit Suisse shares in switzerland, 2nd biggest lenders slumped by as much as 11 and a half percent on monday, reflecting market concerns as the bank finalizes a Restructuring Plan to to be laid out later this month. Credit suisse is struggling to fix its reputation after 2 scandals. Cost it over 7000000000 euros. And as rumors swirled around its liquidity, the banks leadership insists its liquidity and capital of both solid. Well, lets cross to our financial correspondence in new york. Yes, quarter i got a bit more on this. Yes. This Restructuring Plan is not you out for a few weeks. So why invest is worried about this now . Then definitely as a mess of move, sir, a rob then to him, if you look at Credit Suisse overall in march 2021, the company was worth more than 30000000000 of a swiss franc sent. Now its down to about and 10, and there is a saying on wall street companies of usually have some weeks or months before they go belly up, but banks actually die over night. Its all about and confidence. Im not saying that Credit Suisse will not live another day, but at least better on wall street than that of the company. My default on there, bunch of payments in the next couple of years spiked a quite a bit. There was a memo out from the see all over the weekend at that of a did he up obviously did not a calm down the market. Quite the contrary. It backfired because it was not very deep and detailed somehow a to fix the trouble that accredits was, is it . So this is all about the future of Credit Suisse isnt a one of the scenarios that are facing the organization. I believe its october 27th. So that serve when the restructuring pan plan is supposed to be published. Hm. So a one option could be that this Restructuring Plan of work serve restructuring, Credit Suisse will cost money. There is talk about 4000000000. 00 to 1. 00 of the questions is how will a Credit Suisse arise . That money a probably a was a selling some assets and we might see a massive layoffs at the company in the next couple of years. Theres also talk that credits which might be a bought by and another company em all together. Even if that seems a bit unlikely to me, at least them at this point and greatest this has been involved in so many scheduled to the past couple of years. I wonder who would really by the company where any 2nd, theoretically Something Else could pop up. So i, i guess the best hope at this point is that the Restructuring Plan will work and date against at test the chair has also to hit on monday, falling as much as, as 7 percent after its sale as big as bell below. Expectations was behind those disappointing production figures yet its, it was really a rear to see of because some overall, a tesla actually had the best quarter in its Company History when it comes to deliveries even if those deliveries were a bit shy of expectations. But i guess that does not really explain of this massive moves that we saw in the stock price of, i believe the big question is where tesla sold the cars and there were some signs that demand might be cooling in china, tesla, actually an exported some cars that are made and in shanghai, so and, and china to overseas markets and that seemed to cause some concern on a wall street. And then on top of it, tesla produced more cost, then they delivered. So there might also be a certain lecture when it comes to like the through the logistics some at tesla at this point. Ok, yes. Cortez the New York Stock Exchange for as thank about next, the German Government has been defending its plans to subsidize gas prices in the face or criticism from other e. You members arriving at a meeting of yours and finance ministers in luxembourg, germanys Christian Lindner said, the 200000000000 your package aimed at dampening the impacts of ruinous energy costs. But other countries claim the measure could distort the use internal market with some nations unable to keep up with germany spending. As here from our correspondent christine wonder who has more effectively what this means is that german businesses will qualify. Well, well be getting a bigger subsidy and then their business peers within the rest of the European Union and thus getting a competitive advantage being given a competitive advantage. And that has strong criticism, are from other Member States who feel that it, it is unfair in a sense that an edge countries like germany and others who, who have the scope at to go bigger on these rescue packages are effectively pursuing National Interest at a time where you would want that solidarity that this is damaging to the solidarity. A soaring power costs are a huge problem for Many Companies in germany. Reducing Energy Consumption is an option for some while at the same time scaling down production as well. But some companies cant do either. Its High Precision work for more than a 100 years. German company at lendy has been selling abrasive, groaning wheels. Each one is custom made to the clients needs. Most of their production is for export to ball bearing manufacturers. Medical Tech Companies or order suppliers, the companys order books are full. But the few 100 employees are concerned about Rising Energy costs. Electricity prices doubled in recent months, and the price of gas has gone up 6. 00 hold revenue as we were forced to sharply increase the prices because we expect Energy Prices to continue to rise, saying that were not budgeting the current high price. And so the question is, and our hope is that our loyal customers will continue to order from us because our products are of high quality and are quite simply necessary for that is then when i fuck him off, then the Traditional Company has to buy gas and electricity on the so called spot market, because it Previous Energy suppliers have filed for bankruptcy. That means atlanta cant make any long term agreements for their energy needs. Rising gas and electricity prices are having an immediate effect on production costs. Thats because these wheels have to be baked in High Temperature ovens. This is al, adding substantially up to now theres been no support at all from the state. Weve applied for support for the high Energy Prices. But the application was extremely bureaucratic like, and it almost seems as if obstacles were being deliberately put in the way that as few companies as possible could receive support. Im at breakfast vanish on 10 am now had the understood from hong if Energy Prices continue to rise and a recession materializes, a company like atlantic stands to lose a significant number of orders with our baton, we wouldnt lay off employees. Wed put staff on reduced hours like we already had good experiences with this during corona virus, how it but it would still be difficult for us economically. We have certain costs that even this measure count cushion of our quotes are by mit up income. But some businesses cant absorb the rising costs, like this bakery in bon. After more than a 125 years, the Family Business is closing its doors. From until from one up for 1900 euros of electricity a month, which is a lot for a Small Business to 3800. You can compensate for that with higher prices. Its just not possible off on gasket on finish. Even if a government rescue package for Small Businesses materializes for some, its already too late. Last some of the other Global Business stories making the news, the British Government is dropping. One of the most controversial parts of the cycle and many budgets announced by 5 minutes to live trust as team 10 days ago. Treasury chief quasi qua, thanks as a 45 percent tax rate for high end as well and no longer be scrapped. The u turn comes after considerable pressure from within the rolling conservative party. You can use to Largest Mobile Network operators, vodafone and 3 are intensifying discussions over combining their operations. The goal is to have a deal in place by years end. Both operators based Rising Investments as they build out 5 g networks. I think plus, considering and Oil Production cut their sources. They could top a 1000000 Barrels Per Day from previous estimates. If agreed to, it will be the largest and again, delegates in the reduction figure has not been finalized reality. Television star Kim Kardashian has agreed to pay a 1260000. 00 payout for unlawfully promoting a crypto currency. According to the u. S. Financial regulator, she broke the rules when she touted e max tokens on her Instagram Account without disclosing. She was paid 250000. 00 by their max for the post. Inflation in turkey has jumped to a new 24 year high a week after the Central Bank Cut interest rates. Again, inflation hit 83 percent in september according to the state statistics agency. However, an independent Inflation Research group claims the actual right to more than double that turkish government has said, inflation would fall with its new economic model, which prioritizes low interest rates, to boost production and growth. Well, weve been asking people in a stan bull how inflation is affecting them, got their prices are high. Were really struggling. We have 2 children who go to school. We are only earning minimum wage and its hard to make a living on the position name that 19 years old. And im not hopeful. I dont think the situation here in turkey will improve. You have all good im. I dont see a future here. I actually want to go abroad. This is true for most of us on which and then we get childhood info. So many things. I dont think inflation is around 80 percent. Its much higher. I dont know whether the official figures are true or not before that the inflation i feel is much more like you. Thats why its getting harder and harder to live. She was the you. And finally, its been a battle all the bunnies and now chocolate. Make a lint has won a legal case over one of its most famous suite treats switzerlands. Highest court has ruled that a Chocolate Bunny from 2 local units of discounts if market little is too similar to the famous length versions shown here. The gold wrapped rabbits with bell is one of linds flagship products. The Swiss Company has gone to court. Many times, recent is to protect its cheap muscle for me in the business. Same heron berlin from all head up to our website. Peter, we dot com slash business until next time you. Oh, doesnt know that a band that has reinvented itself again and again, since the seventys. What is their secret . I look behind the scenes of what is probably the most famous band in the world parks 21 next on d, w. O. Pick off whats going on here with who they think they are good questions. You can find the answers here. All the games, all the goals, who does the highlights . 60 minutes on dw hulu with devastating houses off to how we can with cars carry nice money, effects of climate change. I mean, felt worldwide before a station in the rain forest continued, Carbon Dioxide emissions have risen again. Young people all over the world are committed to climate protection. What impact will because change doesnt happen on its own. Make up your room, mind. D. W. Late for mines with you are the same way when people grinned from ear to ear, scream with joy and cant help but dance ah, mm

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