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tv   Business - News  Deutsche Welle  July 27, 2018 1:15pm-1:30pm CEST

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investment to much of a good thing our reporter says how chinese can see those are changing cambodia. doesn't read monica shortly but don't forget you can order the news on the go just download apps from google play also the apple store that'll give you access to all the latest news from around the wild and the list push notifications for any breaking news you can also use the after send us photos and videos. stay with us. with different languages we fight for different things that's fine but we all speak up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w. made for minds. every journey begins with the first step
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and every language the first word political the coax in germany. why not tell you. it's simple like on your mobile and free. t.w. learning course because free journey may be easy. a. construction of the controversial stream to a pipeline is underway by twenty nine thousand it's set to transport russian natural gas to germany some say that will make germany too dependent on russia also coming up chinese investments can be a blessing and a curse and it certainly can some transfer in the whole country we have
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a special report from. welcome to your business german state bank k f w has agreed to take a twenty percent stake in a high voltage energy network operator fifty hertz fending off an offer from china's state grid but instead it has a strong interest in protecting critical energy infrastructure last year germany adopted legislation making it easier to veto the takeovers of strategically important companies amid concerns china may be gaining access to key technologies that way. it's a project that surfaced recently been heavily criticized by don't much trump that's highly controversial within europe to stream to if everything goes according to plan the nine and a half billion euro project will start transporting gas from russia to europe by the end of twenty nineteen north stream to run along the first pipeline through the baltics to. neighboring coastal states are divided in their opinion about the
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project finland and sweden have already endorsed it while denmark is still undecided due to environmental concerns the baltic states and poland oppose north stream two due to concerns over europe's dependency on russian gas ukraine is also against the new pipeline a question mark over its current status as a gas transit country and the revenues that come with it. and the controversial project also sparked criticism by the united states donald trump would like to sell more american gas to europe so plenty to talk about certainly when it comes to north stream to and i'm joined by now and energy expert at the german institute for economic research good to have you with us and your insta institute just recently released a study that says north stream two is not necessary so why is it being built. it's a very very costly project it's primarily because after elliptical reasons
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and russia wants to. bring the gas to germany this price the dependency from russian gas in the future and it contradicts also the goals of the european union want to diversify their gas in parts of the future much more so donald trump who did have a point to then when he criticized europe the being too dependent on russian gas yeah you had a point here that's pretty much true especially if we see that the guests of manned decline in the future because of climate policy and also we have enough transit routes and liquefied natural gas indeed to go become more important in the future and here of course trump wants to sell the u.s. to the european market but of course it also competes with pipeline projects like north stream now you mentioned liquid gas and of course we know that the european
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commission president has just returned from a meeting with donald trump in the white house where he sort of implied that the e.u. would import a substantial amount of liquid gas from the united states so is that enough do you think for europe's energy supply to be less dependent on russia more stable for the future. well yes that is one strategy to go to also increase ellen g. gas in the future will bring more flexibility to the market which is necessary because of the energy transition and climate policy reasons but also the european union has decided to decrease the dependency from russian gas impose so it liquefied natural gas move play a major role also in the future and maybe just briefly we mentioned earlier the china state great debate that has been thwarted by the e.u.
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obviously recently increased efforts for close economic relations with china now this bit. is off the table so what would you make of it closer cooperation with china yes but investment no. it's a critical infrastructure and tia as with an austrian pipeline we see that critical infrastructure is has an important aspect to the german policy or european policy as well so here obviously the german government decided not to give it in chinese hands and to control it by itself so that's one part of the reason and the other one is that germany really wants to have the control also of a particular interest doctrine for years in china cannot really do it. for the energy expert at the german institute for economic research think is much thank you . a poll for the times newspaper shows that a majority in britain now favor a second referendum on breaks it this as the european union's chief breaks of
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negotiating michel barnier ruled out allowing the u.k. to collect a customs duties on the e.u.'s behalf a key u.k. proposal for post breaks a trade. that could threaten the u.s. customs union and other key policies britain is set to leave the bloc next march that would deal needs to be in place by october to give national parliaments enough time to ratify. and your emissions test for cars is causing massive delays folks one plans to throttle back production of some models on the carmakers being forced to stockpile vehicles that cannot be sold because they're still waiting to be tested fortunately berlin has one place they can go. this b. w. car park is full of its new cars waiting for approval the delivery of up to two hundred fifty thousand cars could be delayed and v.w. is even renting parking space to stockpile them. they have plans to use palin's new airport that hasn't yet opened all the company's own testing grounds costs are said
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to be in the millions. b.w. is testing its cars around the clock against the new w l t p standard this new emissions test takes three times longer than the old one. we've been preparing intensively for this for two or three years for v.w. in particular it's just the sheer number of vehicles that's a problem we have to recertify about two hundred models before the deadline it's a huge undertaking because there was all. of the two hundred models v.w. has so far only had three certified to meet the new standard the takes effect in september carmakers b.m.w. and further down the line this bottleneck has forced v.w. to partly shut down production at its main plant involved spoke a spokesperson says this largely hasn't affected morale for the amount of the mountain in four staff members are supporting the company it's part of their lives so it's a regulation that can be accepted on both sides after the first of september v.w.
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can't sell any new vehicles without this test so he needs to step things up again. china is cementing its position as an economic superpower literally as the country is investing heavily in africa and asia that influences their invisible income boadicea like the coastal town of kubina. sent us this report. like every day is preparing his little camero western restaurant for dinner time. and like every day he knows that he's unlikely to sell out all the delicacies he's putting on display. sales for composing in business owners like who have slowed dramatically since the coastal town of sihanoukville has been overwhelmed by chinese tourists. who come and. they come here but most most of them they go to chinese restaurant while his last sixty to
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seventy percent of his revenue some of the chinese own restaurants down the street are pursing at the seams. the main attraction for chinese tourists in sihanoukville the casinos. gambling is a favorite pastime for many chinese but it's illegal in mainland china here however to see those are springing up like mushrooms. alongside luxury apartment blocks at prices ordinary composed ians could never afford. by any measure cambodia is a poor country but its economy is growing fast and largely that's due to the massive amount of chinese investment pouring in and much of that money goes into construction projects like the one you can see here by the end of last year chinese construction contracts in cambodia were worth some seventeen billion dollars and that's almost as much as the country's g.d.p. itself the influx of chinese money is a blessing for those who managed to land
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a job here they can earn two to three times as much as others feel. rich now but at least i'm no longer poor. i used to not have any savings at all now i have some money at home maybe one or two thousand dollars things have definitely improved compared to when we were poor. we are about to. others have found work at one of the mostly chinese factories that have opened in the special economic zone close by what attracts investors here is the cheap labor but with demand for workers on the rise so are the wages. i predict in the next ten year maybe the minimum wage in cambodia is about two hundred dollars two hundred so they ought to have fifty dollars so that is ok but it will be less compared to do in the world market so the problem tempers can go to how to change their production stari so government how to do very hard work with that because most people they leave the
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school. a grade six grade a grade so that the problem of how to improve the value added because the but activity is low cut for the moment become poti and economy is benefiting from china's investment push even if in c. you know not everyone is happy about it thank you and that's your business update here on d w there's more to come in the next hour and you can always find out more online that's w dot com.
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chico marsh. ready to risk everything for my. merino i'm fat me and see themselves as men in women's bodies. both are having a sex change. and both play soccer how does that affect their lives on and off the field. next.
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it's a pioneering ecological project field tested and or and winning. in garden city in northern iraq it's all about sustainable living. and we were nice right over the want to in new york. garden city to develop and that will hopefully find. a go at africa sixty minutes d.w. . earth. home to millions of species a home worth saving. here which is on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term the climate news to green energy solutions
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and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation global ideas the multimedia environment series on t.w. . as evidence of them dispute that give us enough of. this need a phone.

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