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tv   Business - News  Deutsche Welle  February 8, 2021 9:30am-9:46am CET

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how does a virus spread. through the town. and. if you would like to meet your information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us and. science. project still needs a partner tech giant. with day 2 cars as south korea's biggest automaker denies reports of joint projects also coming. up has shaken up the country's protest against it is rising what does all that mean
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for the investments western companies made in the country in recent years and former want to profit from all the hype. but that could come at a high crimes. and the deal is off south korea's carmakers should pay and kiya say a rumor deal with silicon valley heavyweight apple is not happening rumors started circulating last month that apple and the automakers had started talks about building parts for a new vehicle project. that they are engaged in talks with multiple firms about autonomy electric vehicles but that no decision had been made so far as foray into the global auto market has been known as project. with all details on clear though. let's get the latest on this from v.w. financial correspondent chelsea hyundai has already rolled out fully electric cars
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of looks like a good match for apple tell us more on why this is not happening it's not happening . well of course they're not really spilling the beans on what went wrong and these negotiations but there seemed to be some frustration on both sides of this deal for one apple seem to be quite upset that one guy and he had made this information public apple has been very very secretive about their efforts to develop an electric vehicle so they did they did seem to be a bit upset that i had leaked that information on hyundai side though they seem to also be quite frustrated that apple was approaching them really as a way to outsource them of the production of these potential vehicles when they wanted to be seen more as a strategic partner not as just a. business that's manufacturing vehicles for apple so that seems to be to
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some degree a reason why this relationship is broken down just. let stephanie the big question right now apple has been working on developing electric vehicles for over 6 years that hired the chief engineering officer of tesla so it has been investing quite heavily into this business but they have been a bit reluctant to really ramp up those efforts they've gone back and forth on whether they really want to make this big push to make this final push into electric vehicles but if they do people really see that as a game changer for the industry and that's one of the reasons why this potential tie up was so so heavily anticipated why there was so much excitement about it because of apple you know decides to become an electric vehicle maker that could completely reshape the market so that has spurred a lot of
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a lot of anxiety among traditional automakers but a lot of excitement as well but i think for kian and hyundai this is a major blow we've seen both of those companies lose more than $8000000000.00 in market value today. thank you. it is the 3rd day of demonstrations in myanmar where protesters are marching against a week old military coup the latest images show thousands of people in the streets to protest against military rule colluding in the country's capital so far the protests have been peaceful but many pro-democracy reformers are worried that a recent increase in police presence could escalate. now the military power grab could also excel or if the wrist drawl of western companies that had formerly been flocking to myanmar. the busy streets of young gone me omar's largest city reflect the changes that have taken place over the last decade during the
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process of democratization. international investors have spent millions of dollars to build new infrastructure mobile phone networks and to connect the once isolated country to the international banking system. all of that is at risk now. this is. i think that's the saddest thing here that there has been a lot of development that's worked for everyone democratically and economically in recent years and that's all in peril now as a result of the military coup. the biggest fear is for sue tun who runs a car dealership in myanmar are u.s. sanctions president biden has already threatened such a move. on it but that it the coup affects foreign currency exchange the market will cool down we will be reluctant to make purchases our major concern is how we maintain a banking system and if we're put under u.s. sanctions. the textile sector here has boomed in recent years 700000
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people manufacture clothing and footwear for western brands such as a generic the gap and i didas. the industry makes up 3 percent of me on mars annual economic output it now fears that major clothing retailers might stop sourcing from myanmar for public relations reasons. and the french institute of international relations says last week's military coup could push me on march further into china's arms the 2 countries share a 2100 kilometer border and the giant neighbor is myanmar's most important supplier of military equipment including armored vehicles and jet fighters the chinese also see me on mar is an important country in beijing's belt and rode global trade route initiative western sanctions could leave a vacuum that china would only. the too happy to film. for more on these situations to me on marla spring in raja visit was he's an executive director and asia pacific
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chief economist at i.h.s. markets good to have you business was raj if there is a growing opposition against this military power grab what sort of economic impact is it and the protest against is cool going to have to me on marconi had already been hit very hard by the pandemics in the current year growth was already slowing down to almost a standstill the impact of this military coup could have far greater ramifications for the medium term outlook for the myanmar economy because it means that if the west the u.s. the e.u. play significant economic sanctions on myanmar in order to put pressure on the government to reinstate the democratically elected leadership then can
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have a very negative impact on foreign investment because foreign companies may then face severe problems in terms of permitted to do business with me on what i would the sanctions look like the yeah the states has already put sanctions on some of the military personnel in myanmar. nuts are only been in place for a while but the issue now is that major multinationals may also be impacted if the u.s. sanctions are white and and become more far reaching and of course the e.u. and other countries such as you know way or stray may also decide to put measures. there is there could be widening pressure on multinationals that are already in myanmar or were considering investments and myanmar to back away and we've already seen a couple of examples kiran from japan the brewing company has already announced that
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it will terminate an agreement for a joint venture with me on maher and there's also a major investment from thailand but spend similarly. with your own so this could escalate considerably if the military leadership don't make take concrete measures to reinstate the elected leadership raj of china is myanmar's closest economic ally the leadership in beijing is yet to denounce this coup how will the situation in memoir impact their relationship between me i'm are in china going forward. well china is the biggest straight partner for me and my husband for a very long time and has a very extensive trading relationship both as the biggest export destination for me on most exports and also for imports so i think the relationship. if there's sanctions from the west. the military government may turn
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more towards china it's possible the dog is what will evolve and iraq war starts a consideration that the west needs to take into account when your friends and you know sanctions measures raw just because of his markets thank you for insight. and now to some of the other business stories making headlines around the world. days after congress approved a $1.00 trillion dollars relief plan for the u.s. economy treasury secretary janet yellen said the plan could generate enough growth to restore full employment by next year republican senators had argued that president biden's proposal was too expensive. now have you had your survey packed with vitamins calcium and onsets aerated fats avocados have become a staple for those that need to do well to their bodies the man has been skyrocketing
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and now farmers in spain want a piece of the action but that could come at a higher price. environmentalists activist rafael use the reservoir which supplies avocado pharmacy it with water it's only at a 3rd of its normal level there's been too little rain and the farmers need far too much water to cultivate avocados. every year new fields of. there's a connection between it and the reservoir levels. only a few years ago the shockey region in malaga presented a different face with all of gross vineyards and vegetable fields the small plots provided a modest additional income for local families until the avocado bloom surprised even the old hands here. people used to plant potatoes and other things turn to avocados that happened over the last 10 to 12 years or so.
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$1500.00 hectares are reserved for the fashionable fruit most of the water for those fields comes from the reservoir and is carefully distributed it takes 1900 liters of water to grow a kilo of avocados brown stores his share in some rainwater in his own reservoir lack of water is limiting growth. climate. activists use his look closely into the region. he places where new fields are being cleared for avocados you know if there are plenty of illegal plots. those responsibility irrigation collective. checking closely enough water supplies will definitely collapse. access the main reservoir would need reducing just to supply legal avocado farms here so years ago millions were
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invested in treating waste water for irrigation. this is being ready for 6 years but we're still waiting for the permit right now it looks like we'll be able to use this water in the coming summer. spain produced $87000.00 tons of avocados last year most of them in a shop yet found with demand and prices so high avocados are now being grown in other regions quarter will decide the future that as well. in the light of climate change. africa's mix of. what's in store for players playing out for the future. come for to make a city hall to get insight. culture. every
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day counts for us and for our planet. global ideas is on its way to bring you more conservation. how do we make cities scream. how can we protect habitats. we can make a difference in. the line dia's the environmental series in global 3000 on t.w. and almost. 00. separatists of kept most schools in western cameroon closed for the last 4 years anyone trying to reopen them was intimidated attacked and pabst killed how does a consulate is beautiful show this to you how to not go to school. to rowland is fighting back nevertheless in the village of number he setting up
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a recreation center between the 2 fronts and risking his life as he does not intervene institutions. can he win his battle for education. theft and no lessons at the number of village schools since 2016 separatists destroyed the interior and forced the teachers to flee. the school symbolize a lot for a community that has files for development and growth that will see the so painful beyond the physical structure of. the you must strive. number is located in western cameroon in the country gained independence in.

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