it's going to open again soon so that people can once more come to remember those murdered in the name of not says m. m a situ up today brant goff will have more of the top off the hour up next here on the w. to help do little as your business. of the day. it's about billions. it's about power. it's about the foundation of the new world order the new silk road. china wants to expand its influence with this trade network. putting her up there's a shark morning wherever except some money from the new superpower will become dependent on the initials of the for the chinese state has

a lot of money at its disposal the folks and that's how it's expanding asserting its status and position in the world. china's gateway to europe. starts feb 19th on d w. the international energy agency says we can do it without you 2 developing countries calling for a tripling of green energy investment there. just as they're recovering from carbone a virus shut down carmakers take another hit of global shortage of semiconductor chips is forcing production lines to be halted. and how does a boutique hotel survive a pandemic we'll find out what happens when the gas stops coming.

this is the business i'm joined on in berlin glad you can join the international energy agency has said that tackling climate change would be impossible if developing countries do not transition from fossil fuels like oil to clean energy speaking at the world economic forum held digitally this year the executive director. called for a massive growth in renewable energy investment saying it needs to multiply by quote a factor of 3 he said that almost all global emissions growth will come from developing countries in the next 30 years. let's bring in and head of the african energy chamber and jay welcome to the program 1st of all you're a representative of the energy industry how should climate action occur without hurting africa's oil dependent economies. climate change is

a big problem across the world and i africa. in particular a call we doubt heard in african economies that is we have to factoring i need to transition week by using gas look at the massive gas discoveries in was a big you need as much as you want to finance renewables you do fat you finance gas to fast track these transitions look at senegal look at nigeria so it is going to africa is going to be gatsby's transition because energy poverty is critical and industrialization is critical so you don't you don't do it is transition and finance and try and finance it by cutting out everything on gas money ties ation like what countries like germany has done we doubt to get in consideration every day people. believe that as it may the view is that fossil fuels will be on the

way and what are africa's oil reliant economies going to do with that. africa are aligned economies have to diversify they have to embrace energy transition they have to embrace rubles we have to embrace our for also for energy i mean look at what is happening in senegal that is one of the countries where depression of cigar mock you saw has done an amazing job in building a really great energy mix look at what use you starting to see you know that countries around that report so we have to embrace and we have to set up to the reality of doing well that is it that is in front of us but he has to be a transition we it has to be finance developing can't get people look where i cannot just expect that africa should do these by itself it has to come in we begin vestment because i don't think encrypt the problem africa didn't create a problem croom was created by china united states and europe africa cannot pay

report rationed for one who heat so you have to help africa to phase out from 4 so he was by using things like gas that we have abundant gas in africa right now really don't deal with. 2 thirds of the economy and without any kind of of power so energy poet he is big for us and this role i like so we were. thank you very much for your insights i'm afraid we're going to have to cut it there sorry to interrupt he is the head of the african energy chamber thank you very much for your insights today. carmakers around the world have a problem just as they are recovering from plant closures during the pandemic they're being forced to pause production lines again because of a lack of one important component computer chips from places like china and taiwan some german firms including fox logon and dialer have already canceled shifts and cut production numbers while they wait for electronic parts that today's cars can't

do without the root of the problem is that during the pandemic they bought fewer of them forcing some chip makers to retool to supply whole electronics instead things like t.v.'s and game consoles and also for medical devices which have been in high demand now as demand for automotive chips returns the companies can't just return to how things work especially since they've already been under pressure themselves for example their own supplies 7 of silicon are running low supply chain is broken and the fallout can be felt throughout the industry now let's discuss this with peter fenn thought from the global engineering consultancy he joins us now from vienna welcome to the program sir now finally i ask you how serious is this problem for the auto industry. general thanks for having me. mission deep very serious to put a number to that crisis due to the shortage of florida control systems are in full

taman systems it is estimated that the around 2000000 vehicles can't be built this year you know the ultimate defeatist she was on the pass to recovery we expected around $88000000.00 of the coast to be built this year and now $2000000.00 of those contre be produced and delivered to clients a serious problem but carmakers have outsourced flexibility to suppliers for years and refused to stock to store stock in warehouses as a slot largely a problem of their own making. partly i think it's as you said the automotive industry they relied a lot of suppliers and sub suppliers right to integrate the chips into controlled units for example so what we have seen is was a reaction to to to do the mission of the. whole supply chain so as to said leslie it cost less control units less chips and less. silicon has been has

been ordered so and now the ripple effect is in the supply chain and what delta multi of industry had to learn now is that. they are just the customer among many others who bought their business in so that production slots for the optimal defeatists the air taken now and now they need to play catch up. playing catch up europe is way behind on chip manufacturer it's heavily reliant on foreign suppliers why is there are so high and. i think we need to differentiate a little bit here when it comes to specific ships europe is very good for example automotive great ships on my strong except for for acceleration sensor sense on mixed signal chips europe has very good companies and has very good steps but if you look to see 2 human a fixture with a highly integrated chips with the structures indeed such fabs are such foundries

are missing in europe and the european union and the key governments they do a very good thing into looking into this and trying to bring these these said this man of securing capacity but also the skills needed for these back to europe much like what they did to these 3 and selman of securing now do you see this affecting the long term prospects of carmakers. isaac 2000000 less it's a huge number but in the long run. to on one hand they will recognize how important the steady supply of states' critical components is so that we look just their supply chain a chest a bit of sick earth and try dual source it and at the end we will all see will receive the supply chain in the future we have big production capacity closer to diminish sex tourists here in europe pierre

a friend told there from outran for us thank you for joining us on this. time now for a look at some of the other business stories making news. germany has cut its economic forecast for 2021 longer virus lockdowns mean the economy will only grow by 3 percent this year according to the economy ministry that's in set of the 4.4 percent previously expected. starbucks says 4th quarter global same store sales of fell 5 percent that was better than the previous quarter but still a bigger decline than expected the coffee retailer says business in china had returned to normal and that it's confident its u.s. business will also fully recover by march. boeing has announced its worst ever annual loss at nearly $12000000000.00 airlines have delayed orders for new planes as they struggle to make ends meet during the pandemic boeing was also hit

by the 20 month grounding of its 737 max model and delays to other major projects. and group is planning a major overhaul according to the wall street journal the chinese fin tech giant will turn into a financial holding company which china's central bank will oversee directly it's a major blow for the company which had expected to go public last year before authorities intervene of things. the devastating effect of the coronavirus pandemic on the tourism industry has been well documented particularly when it comes to airlines and major travel companies but smaller companies are arguably in an even worse position to weather the storm we've visited one botti kotel here in berlin. here a lawyer greets her only guest she opened her hotel in berlin last summer at that time the hotel was running at 65 percent occupancy but 6 months later on into the

pandemic it's empty kira loys funds are slowly running out. and one time ma'am is our enterprise is completely privately financed we had no sponsors and we didn't take any big loans so our reserves are gradually getting used up. its lungs an awful. many have had the same experience 3 quarters of restauranteurs and hoteliers are now fighting for survival now they want more state financial support and they want government to speed up the process . patrick franker is kira loys life partner but they're also business partners they applied for a loan before opening the hotel but the bank didn't want to take the risk. and we had a problem back then one day before we opened the bank pulled out of the loan which

they had already approved overnight it was reversed so who is standing there one day before this mess of challenge and with this huge fear of whether we could really do it we were forced to fund it with whatever finances we had. realistically the hotel should have closed down already but that's not possible either the owners have concluded long term contracts and invested hundreds of thousands of euros in the interior design. you know we both have good families that are supporting us but that's of course not a long term solution we think we can hold on until february or march and then it would be nice if things started to pick up again. the hotel had just 12 percent occupancy in december the company only starts to break even when 60 percent of the rooms are sold the state assistance so far hasn't been adequate if they don't start taking in customers soon. will have to close.

and the reminder of the top story we're following. international energy agency has said about talking climate change would be impossible if developing countries do not transition to clean energy its executive director is calling for mouth of growth in renewable energy. thanks for watching. complex when china imposed a national security law on hong kong last year and promised that the principle of one country 2 systems and b. basic rights the danish lines would be a help for critics point to a rapid or roshon of freedom 6 my guest this week is michael c. code beijing member of hong kong's legislative council and deputy china's national people's congress. conflict a. system of. good use crime

fighters are back with africa's most successful radio drama series continues through the only disowns are available online of course you can share a disco song w. africa's facebook page going to other social media platforms to. tune in now. this is g.d.p. news africa on the program today the hunger crisis in magic as top desperate families have been easy to claim mixed with because they have nothing else the world food program saves face but no response from the international community to its full ain't. it's a day for soon bob as the nation warns 3 national heroes to sit down to 19 zimbabwe to hold a state funeral for 3 senior government officials.