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tv   Business - News  Deutsche Welle  January 7, 2021 7:15am-7:31am CET

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and rules and then on the other side the fanaticism of some of his supporters and i think what we've seen coming here together is those 2 things haven't been that heated up over the course of his presidency of the last 4 years richard thank you very much our chief international editor richard walker there you are watching d.w. news from berlin business is next with rob watson terry martin thanks for watching . the story of producer propaganda. they were called the rhineland pasterns. their mothers were germans living in the occupied rhineland their father's soldiers from the french colonies. take up in
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a climate of national pride and racism. this documentary examines the few traces that remain of their existence because the children. storage january 11th d.w. . an assault on the u.s. capitol and scenes of chaos in washington fiends across the world will ask how america's trading partners a feeling about a less than peaceful transition to a new u.s. president also coming up. electric cars are one of the main hopes for creating a more sustainable future but only if we can work out what to do with the batteries . and cuba has done away with its jewel currency system.
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simplified money wasn't meant for simple life so. this is day to day business on robots in berlin welcome to the program washington d.c. has witnessed extraordinary scenes after an angry mob of supporters of president trump stormed the u.s. capitol building there was chaos like the u.s. has never seen before and yet wall street closed at all time highs on wednesday despite the violence investors which it by the fact that senate runoff election results in georgia mean it will be much easier for president elect biden to pass much of his economic agenda that includes of course that comprehensive stimulus package stocks in asia also performed well thursday trading project. will discuss the reaction in markets with our financial correspondent shortly but 1st we should really look at the wider implications of what's been going on in washington let's speak to gabrielle felber maya who's president of the kill institute for the world economy here in germany thanks for joining us on t.w.
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business the unusual scenes with been seeing in the u.s. this is a pound assault on u.s. democracy is that the sort of thing that might concern america's trading potus yes of course it is concerning because it just shows that the presidency of 2 biden will not be the presidency that is outward looking at ruby and with looking good will have. those frictions that have become so terribly divisible lost lives in washington meanwhile other competitors to the u.s. on the world stage that might be watching what's going on in washington and think actually there's there's an opportunity for them in. yes you are right rob oh what we see is that. shining city on the hill is luck shining very much these days the united states look weak with these pictures of course politically weak
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it's not totally a surprise of course what has been happening because the big gaps in the american society have been visible for the last peak 8 or so that things can go so wrong is of course some sort of a surprise but of course it's we need to see what the next days with news really means the transition to par is not all we're in the you know the we have to look to the further events of the next days yeah i mean how important is a peaceful transition to power for the u.s. economy itself. is the men's and women's lee importance of course. is you know any commie is as strong as its political system if we see that the institutions are weak and to washington for those trials that we have experienced become
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a more regular pattern that would of course weaken the united states' economy on the other hand we do know about the fundamental strengths of the united states and we do know that at least in the 1st 2 years of the biden presidency this government this administration will be able to do things and there isn't a chore it's used and that is the good news but all were i think we need to say that states of the american society is not a good one and that will reflect on its economy there's no doubt about that yeah i mean it's now less than 2 weeks until biden does take office how are. america's trading partners around the world positioning themselves for that moment. so very clearly the european union is looking forward to the biden presidency the last 4 years very difficult there was not a good basis for cooperation even tammany cation was very difficult there will change the europeans of think that they can push the agenda with the joe biden for
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example on climate change but also when it comes to the reform of the world trade organization other multilateral institutions so hopes of very big and now that the bide has maturity in the senate as well that these hopes seem realistic china on the other hand i think we'll see pressure go up because the the american administration will act more in cooperation with us allies with the e.u. with asian partners that will be more difficult for china i think than the last 4 years have been despite the rhetorical trumpet that rhetorical change under on the biden but the fact that now it bigger coalition will be there possibly led by the united states is an important element however i would say in the next 2 years at least the united states will be inward looking it will have to. build not just the
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economy but also to society back and that means there will not be much political momentum. much political leadership in washington on the international scene the 1st 2 years of joe biden will begin with looking. in the 20 the general feeling very far away at the moment for maya from the killing city for the world economy thanks for joining us you're welcome rob let's now cross to our financial correspondent in frankfurt it chelsea the 90 chelsea stocks in the u.s. ended the day on record highs mean what's their reason for optimism while we have what's going on in washington d.c. . it was a really unprecedented day in washington and the violence that erupted on the capital is very concerning and very shocking but investors are really brushing all of this off there they've been very optimistic particularly about the results we
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saw yesterday and the georgia runoff election this is projected to give democrats control of the senate that means that democrats would control the house the senate and also the white house which really paves the way for a lot more spending and a lot more stimulus from democrats joe biden has already said he plans to approve a $2000.00 stimulus check for for americans as well as to boost infrastructure spending so all of that really helped propel stocks higher and put the dow at a record closing high and stocks here in europe and around the world also seem to be following that momentum higher as this would lead to a stronger economic recovery. in the midst of the storming of the consul building both twitter and facebook suspended president trump's account for 12 hours and 24 hours respectively is that a sign of the pressure social media companies are under. it's
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a sign of the pressure but also i would say they are likely to face more pressure as a result of this now twitter and facebook are being criticized for coming too late and taking action against supposed this these rallies these riots yesterday were organized largely on facebook it seems and facebook didn't really take much action to do anything in the runup to yesterday's events so yes they did take action but it's likely coming too little too late so we likely will see politicians and they really cracked out try to crack down on this as well as he did i mean frank thanks for bringing us up to date. time now for a quick look at some of the other business stories making the news. major u.s. corporations and businesses have condemned the occupation of the u.s. capital by reuters angry president donald trump's alexion defeat the business round table lobby group demanded an end to the chaos and a peaceful transfer of power to the new president joe biden. the new york stock
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exchange reversed course again on wednesday and is now planning to delist 3 chinese telecom equities from trading after all the flip flop by the n n n y s e which will remove china telecom china mobile and china unicom the exchange back to its original policy announced last week. that cohen is continuing its rally trading at over $37000.00 now and hitting a new record high on the day institutional investors have been scooping up the cryptocurrency as a hedge against the u.s. dollar which is while owing 3 year lows. german biotech firm cure is linking up with pharma giant buyer to get global support for its experimental covered 19 vaccine bio will help cure back gain approval for its job as well as provide access to its global supply chain and distribution network according to the german newspaper built. ability is an essential part of the movement towards
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a more sustainable world however there is still no widescale solution for recycling the raw materials in those vehicles particularly in the batteries they can save valuable matters that are live in limited supply particularly cobalt nickel and lithium but recovering is by no means straightforward. this fire department in the german city of lehman is practicing how to tackle an e-card fire. there is able to extinguish the blaze quickly but it's no ordinary job. the vehicle has to be placed in a water bath because as firefighters stefan dernbach explains the battery could reignite. the problem with these batteries is that even if the fire seems to be out the battery continues to react internally and another fire can break out that means
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you'd have to spray it with water for a long while and no one can afford to do that. throwing up all kinds of new questions just take 2nd hand car sales this model is from 2016 and costs around 8000 euros but then the car dealership 1st rents out their used cars to customers for a test drive before selling them buyers are usually skeptical of used cars because it's difficult to tell what condition the batteries in. our customers can rent the vehicles for a certain time. and if they want to buy it after testing it. the rental fee is deducted from the purchase price so that they don't lose any money. given. the idea behind a car's is that they're carbon neutral and their components can be recycled. but that notion is far from
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a reality there are still too few plants that recycle old batteries on an industrial scale germany's most modern recycling plant is located near the city of braunschweig here car batteries are processed for shredding after a complicated technical process around 70 percent of the used batteries can be recycled. the plant was built by christiane hunnish he's able to extract and resell the valuable materials manganese silicon nickel and graphite. isn't all we're dependent on the raw material prices because we sell those products according to the current prices it depends on how that shapes up but we expect raw material prices to go up soon because the demand is relatively high in the mobility sector it's all static only. this year around 200000 germans will be driving e.v.a.'s goals it will be a few years before those cars need to be scrapped hopefully by then the world will
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have figured out how to recycle them. and that's all from me and the business team here in bethlehem thanks for joining us you can of course get more from us from our web site to do we don't call them slash business you can also seek it out on facebook and twitter on there is to tell you this is the next time you buy a 2nd. electric emission free assistant this esteemable teacher of mobility the wheel is. born at least in life 19 appears to be putting the brakes on this development ordinary cars for a big one are back on the block and there are really no alternatives. made in germany. t.w. . what secrets lie behind things one.
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discover new adventures in 360 degree. and explore fascinating world heritage sites. d.w. world heritage 360 getting up now. is this what the future of transportation looks like probably not at least not the time soon when today's inventors and visionaries look at the streets sidewalks highways and even agricultural land of the present they see vehicles that could soon be dusty exhibits in museums in the midst of change and that's our theme today on may.

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