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tv   Business - News  Deutsche Welle  November 20, 2020 7:15am-7:31am CET

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that didn't recognize the history of the special place. and instead, now today the united states department of state stand strongly to the recognition that settlements can be done in a way that are lawful and appropriate and proper a stance that puts us at odds with many international bodies. and that could prove to be a stumbling block for incoming president elect joe biden. you're watching d.w. news. business is up next with monica jones. i'm terry martin place or i'm secure in the fire more than tired. and in the end, this is a me, you're not allowed to stay here any more. we will send you back. are you familiar with this? new smugglers were alliance of the what's your story. ready ready
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ready i mean, when i was in women, especially of victims of violence in take part and send us your story. we are trying always to understand this new culture. you are not a visitor in other years. you want to become a citizen. in for migrants, your platform for reliable information not stream to is a fundamentally bad deal for europe. that's not for donald trump speaking about his elected successor, joe biden. we talked to an energy expert about of the reasons behind washington's opposition to the german russian gas pipeline and look to the skies, a new satellite, joins the e.u.,
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copernicus, constellation to provide a date out for free applications on earth. welcome to the w business on monica johnson. the linn, good to have you with us. will u.s. pressure on the controversial north stream to gas pipeline between russia and germany east, and a biden up ministration. well, that's what many german business representatives were hoping they could be in for some disappointment. the u.s. opposes the 1200 kilometer pipeline, and it has threatened to impose sanctions on companies involved in the project, which is nearly finished. just 160 kilometers are still left to be built. and washington says small stream 2 will make europe more dependent on russian gas deliveries. and it will allow russia to cut off supplies to countries like ukraine . biden's team now has already spoken out against the project saying president biden will seek to strengthen europe's energy independence. but he will continue to
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oppose north stream to a fundamentally bad deal for europe. and by and could even increase sanctions right after taking office on january the 20 is to block the project at the last minute. while for more let's bring in our both. he's senior manager, european affairs, and lead analyst at the international association of oil and gas producers and he joins us now. good morning to you. good to have you with us. now what do you, as a representative of the oil and gas industry make of the united states meddling in european energy projects when the oil and gas represent, if i would speak as a professor? i what i'm saying here is that the u.s. i was always opposed to be the obama biden and the straight shot all the trepan. you straighten and this is because i've never recognized an extension of crimea. and as you stated,
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they support the ukraine and supporting your train means that the e.u. and the u.s. government once tried to just transit ukraine to stay there because it provides money to ukraine. i mean, they are trying to, if that provides something like $1200000000.00 to the ukrainian economy peja. so you're saying and we're just talking about genuine. 'd security, genuine political concerns he had, there's nothing else at play when it is a geopolitical concern. it's a concern about ukraine and that the concern is that as i stated, there has been an exception of crimea and they don't want, they never recognize it. and so therefore they want which it looks very strange, but they want the russian through to ukraine to continue. and the north stream to project is a project to really, really just close outside of ukraine. oh,
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and so what is then? i mean, this is a pipeline that connects russia with germany. what's brussels role in all this? when do they stand? it's a bit different. as you stated, the u.s. has a bipartisan view and see if it has been a democrat view. it has been the same on the republican side in brussels. it's a bit different. you have 27 member states, and those 25th, 7 member states have completely different views. as you stated in the, in their strains of small reputation. i mean, some have a view of opposing it, which is poland and some are backing. it is germany, which means that the european position is and isn't there. and again, back to your question area, i mean, when europe has no command position, then some other countries may have ruled in europe to play. we may not like it, but that's a problem of geopolitical strength and weakness. now, i mean this, this controversy has been going on for such a long time,
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and you've given us some very clear reasons why i think some of the united states is opposed to it for geopolitical concerns. but if we turn it around, i mean, is it actually in germany's, and europe's interest to go ahead to be that, i mean, how, how secure is the energy supply that's coming from russia a, let's say, put in a ministration? well, i mean, i wouldn't stage, you know, anything else. i mean, the russian gas seems assembly and time has been very secure. and again, they've been some trying to ease you in. and this is why gas from the gas company wanted to have the recruiting to secure the flow and to reduce transit risk. but otherwise, i think it's more question of the routing that throw you away from your trend than anything else. i mean, people are talking about interesting market share of russia in europe. i don't even think that is really the case because i guess from has
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a target to stay around those 40 percent markets. professor terry breaux, there at energy experts joining us from paris. thank you so much for your time. thank you very much. well, you need is a still trying to resolve the dispute with members, poland, and hungary to unlock the blocks 1.8 trillion, euro budget and recovery package. the cyber summit was originally meant to focus on the coronavirus that's gripping europe. but the budget was deal railed earlier this week when the poll center gary and vetoed it. they object to a provision that would withhold money from countries that violate democratic norms and something that both countries have been accused of doing in recent years. for more, i'm joined now by financial correspondent unadvised in frankfurt. now, from an economic point of view on it, i mean 27 e.u.
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member states and no budget inside. how long can this go on for? well that could go on for a bit longer because of course we also have a mechanism in place which then would install in emergency battered an interesting lee. if you look at the fine print that would actually harm those who are now blocking the results over, proportionally, because the, the likes, like poland, they do benefit a lot from special funds, which are funneled from the you are channeled to poland and that would be a block with an emergency budget altogether. so bottom line is it could go on for longer. but the history of e.u. negotiation is also telling us that there will be a compromise in the end. negotiations are always very complicated in the european union compared to other countries because there are so many voices and so many sort of standpoint which have to take into account. that's certainly something that we
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know from germany also in the german federalism, many voices, but in the end some solution is being reached. and that of us back in frankfurt. thanks so much for this thread. asked interviewed her i'm out to some of the other global business stories making news. general motors will boost investment in electric cars as demand for less polluting vehicles against speech. the maker of the chevrolet bolts plans to spend $27000000000.00 on expanding its electric vehicle fleet of the next 5 years up to $20000000000.00. g.m. wants 40 percent of its cars to be battery powered by 2025. china says it has given $2100000000.00 worth of debt relief to developing countries. china has emerged as a major lender to emerging market economies, especially those in sub-saharan africa. last week g 20 countries agreed to freeze
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debt payments for many poor countries from it 2021. the european union has unveiled plans to increase its offshore wind energy capacity by 5 fold in the next decade. renewable sources like wind and solar, provide around a 3rd of the blocks power, but the e.u. is aiming to double it by 2030 become climate neutral by 2050. us secretary of state, my pompei all says he has issued guidelines for his country to label israeli products made in the west bank settlements as made in israel. he made the comment during a visit to the area palestinians, and much of the world regard. israel settlements as illegal under international law tomorrow evening european time. the sentinel 6 satellite will be launched from the vandenberg air force base in california. it's the latest satellite in the e.u.'s earth observation program, copernicus, copernicus has
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a network of satellites that keep an eye on our planet around the clock and collect valuable data data that can be used here on earth in the future, right here of applications for free. they utilize satellite data to develop useful products. 20 years ago, r s s was a start up on a munich university campus. now the company employs 15 people. it specializes in the environment and its revenue has been rising sharply in recent years. all due to the e.u.'s, copernicus, earth observation network, which sends vital data from satellites. everyone has free access to it is and we're always finding new applications for the computers have improved ai algorithms improve how we evaluate the data. so the current period is very beneficial and there's a great potential for growth for this quarter vox them. but the one
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important sphere is locating pete lyons. the data experts developed a special method of doing that, which led them to winning a competition with a 1000000 euros in prize money. already says is now identifying pete lyons for the indonesian government in indonesia. many farse are being cut down to build palm oil plantations. peak areas often catch fire in the process, producing smoke and large quantities of climate damaging carbon dioxide. the satellite data can help prevent that. the project is being financed with international relief funds. the satellite images even tell the experts how much biomass the forests have, and how much carbon dioxide is stored in them. reducing c o 2 emissions is a hot topic around the world. the company hopes that other countries will soon be using their data you know, in many asian countries,
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there are larger or smaller pete areas it often and often no one knows about them because no one has looked into the subject. there are a huge pita areas in africa. the african rain forest is just starting to be opened up to development with investment funds from china and other countries. many customers use ours as is data conservation organizations like the w, w, f. the world bank, as well as large corporations that want to reduce their carbon footprint, even public institutions aiming to expand into renewable energies such as bio gas, wind, and solar power. the munich based company developed a special system for them to. it can determine the best locations for wind turbines, bio gas and solar plants in the area. and that's a business update. thanks a lot in
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the crosshairs of turkey secret service kurdish green party member barry doesn't go anywhere anymore without police protection stream politician. to bring attention to human rights violations in turkey. now is in
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danger. to our own d.w. . in the light of what's in store for the future. hello and welcome to this week's edition of focus on europe. thanks for joining us today. germany is one of the leading meat processing countries in europe and back to the sector has been a hot spot for the coronavirus. some of the largest outbreaks have happened in
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slaughterhouses. thousands of people have been infected by the virus in germany to companies.

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