tv Business - News Deutsche Welle March 22, 2021 9:30am-9:45am CET
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trace began. create the tallest biggest and the most beautiful structures this is how a massive churches are created. conscious of the beatles starts april 12th on d w. gears up to issue the 1st sanctions against china over human rights abuses since the chinaman square crackdown setting the stage for a confrontation between brussels and beijing also on the show. cnn's energy joins us germany's leading benchmark index today we talked to our correspondent at the frankfurt stock exchange for the latest. and for world water day we look at one thursday plan for which there's
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a lot of appetite demand for all of ocado has spanish farmers looking for creative irrigation. this is the w. business i'm. happy you can join us the european union is looking to impose sanctions against china for the 1st time since 1989. that's in reaction to the chinese government's actions against the weaker muslims the stakes are high after all china rose to become the e.u. is most important trading partner last year and 2020 chinese exports to that you came up to 384000000000 euros exports to china were worth 203000000000 euros even direct investment this time to china surpassed 140000000000 euros over the last 20 years on the other side of the ledger 120000000000 euros of direct investment went from china to that you go even further late last year that you
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signed an investment agreement with china so that was a deal with that many criticized due to the human rights situation including that of the weaker muslims in profits now for more on this i am joined by my call the clifford who in here in the studio he covers china for us hi clifford and we also have to reserve phelan she is the founder and director of the center for russia europe asia studies she is speaking to us from brussels a welcome to you both. now attorneys i would like to start with you now these are the 1st you sanctions as we said there on beijing over human rights abuses sent a chinaman square why now i think it's the period of the end of illusion the e.u. has been confronted with this issue it was rather slow in moving but i think it's a very positive sign that they're actually doing the sanctions this is something china fears greatly and we also have to see in the context of the new fighting and ministration which has a more clear policy on china and i think europeans are also picking up on this
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narrative now clifford are only going to find out the names of who is going to be targeted for chinese individuals a one entity they're going to be a target of travel bans and asset freezes what are you expecting what names are we going to hear well we still don't know as you say one possibility is that they would also sanction this change on production and construction core i say also because that was the one that was sanctioned last year by the u.s. over the same issue and as to who the individuals could be could be there and individuals from that company or it could be individuals from other areas of government so i think the u.s. model is part probably the thing we have to go on but whether we'll go as far as the u.s. model remains to be seen so that speaks to what to result was saying about that you following the u.s. is lying here a bit but there is i would like to know from you what what impact would the site sions possibly have if any. i think they're actually very smart targeted sanctions
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i think it's a starting point this is something that beijing is very fearful of and they can actually be ratcheted up to people who are closer and closer to the chinese communist party leadership so this is something they all feared the inability to maybe travel to europe or have frozen issues on their bank accounts abroad so i think these really are targeted and will be effective. so they might hit them where it hurts now clifford going to you again now china's ambassador to that using warrant if i can read here if some insist on confrontation we will not back down what kind of retaliation can be expect well going by what what's been in the chinese media it looks like it could be similarly targets its kind of response and it could be that they go after adrian sense who is the researcher who started a lot of the who issued a lot of the revelations about what was going on in engine jiang in the comps or it could be more focused on e.u.
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officials but quite how plays out is still quite difficult to see because we're caught we're very much in new territory here but we're definitely expecting some form of retaliation it would be odd if we got no response. but this is an ongoing conversation to reason are the sanctions a bit of a mixed message given that the e.u. and the tie and china have this big investment agreement that is up for ratification. yes the comprehensive agreement on investment which was agreed in principle at the end of december sending mixed messages for certain and china is very fearful that this might not be ratified by the european parliament so we will we see a lot of pressure because inside the parliament people are very concerned about human rights and so i think the biggest fear for china is that the companies have agreement an investment might not be ratified and they are also warning the public about sanctions their language is been extremely strong from the chinese ambassador here in brussels very very negative towards germany which actually initiated this
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narrative about the sanctions so the global times of course it's a newspaper but was extremely critical of germany so i think they're trying to scare everyone to prevent them from having any form of sanctions but i think they in their mind say that the agreement should not be politicized and it's gone this far and i think that they are extremely fearful it would make china look even worse if the agreement is not ratified so fear on the official side from china there but clifford how do you think this is being perceived by the chinese public what are you hearing there well on the one hand a lot of the focus in china right now is on the u.s. after the meeting in anchorage last week which is being seen very much as a as a major power game between the 2 and and so it's very very much by resolution opposition to the u.s. so in some ways the e.u. isn't quite on the radar but the message has been quite. quite a tough stance as well so i think this is playing out among the public as as
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another front on which china is currently battling all right so that was my colleague clifford kuhn and here in the studio and to reason fallon she's the founder and director of the center for russia europe asia studies in brussels thank you both for your insights today. now to some of the other global business stories making news. energy giant saudi aramco sought 2020 profit tumbled by more than 40 percent crude prices have been under pressure with a coronavirus pandemic weighing heavily on global demand around goes overall earnings nevertheless stood at 49000000000 dollars. turkey's lira plunged to 15 percent to near its all time low following president erika wants decision to alice the hawkish central bank governor and install a like minded critic of high interest rates it's the 3rd time since mid 2019 about
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erda one has a broccoli fired a central bank chief. german engineering powerhouse see a man has undergone a radical transformation over the past 7 years from a lumbering fuel tanker company to a fleet of businesses in a series of cuts and birders the parent company held on to the industrial business finance and mobility divisions in the last fiscal year it had more than 50000 employees and over 16000000000 euros in sales the former medical division went independent in 2018 and is listed on the end of the german exchange of medium sized companies siemens health and years made more than 14000000000 euros in the past fiscal year and has 54000 employees in took time or 2020 the now independent siemens energy was also listed in the dax in frankfurt cmos energy has 92000 employees with sales of over 27000000000 euros in the previous fiscal year but
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today siemens energy is now also to follow siemens group into the big leagues on to the ducks which lists 30 german companies have the highest value on the stock market. for more let's bring in chelsea delaney in frankfurt chelsea there you are good to see you chelsea give us a bit of context why is siemens energy ending up on the dax important. well for siemens energy this is certainly a reputational boost it's just 6 months old it's already joining this prestigious dax and x. that is the big vote of confidence from its shareholders but siemens energy is also you know representative of the broader inner energy industry right now they have a lot of business that's still focused on fossil fuels things like coal and oil and gas power generation those are businesses that are being phased out or are expected to shrink significantly in the years ahead 9 while they're investing a lot right now into renewable energy hydrogen wind turbines but these are markets that are very much and transition so the company is cutting costs they're cutting
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jobs but it's yet to be seen really when those investments will or if they will pay off in the future. they're in frankfurt for us thank you very much now today is world water day growing demand and a warming planet are still going concerns our most precious resource may eventually run dry now food and agriculture are the biggest drivers of water consumption and some crops need more water than others in spain the of ocado business is flourishing but water supply is becoming an issue. the farmers and all men get a cut are having another abundant off a cargo harvest the buckets are practically filling themselves still 1st growers like clark in montana can't seem to meet the demand he's already expanded his small plantation where he also grows cherry moja for it. and
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demand for avocados has increased a lot by 100 percent we now plant more. around 700000 tons of avocado are consumed in europe every year just a 45 minute drive away and. huge areas have been transformed into avocado plantations they consume a lot of water which is becoming scarce farmers use the local reservoir for irrigation many illegally the reservoir is now only 30 percent full anymore call to beijing would be fatal to the area ecologist say. there are more and more droughts maybe because of climate change. and so the water is decreasing drastically because in order on the one hand much more is used than is needed. when the other water reserves don't get replenished because of the lack of rain. a lack
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of water might cause the lucrative business to dry up that's why hockey in montana is gradually turning to drip irrigation or use them. to your means localised irrigation. we used to bring the water from the well here to a roman irrigation ditch that covered the entire ground. you know how. in their lives ma they got one or get it off a cotton plantation hopes to grow more frugal varieties for 6 months they've used sensors to measure how deep the water sinks into the soil and when they need to moisten the tree there's someone you know. somewhere on the level of this is how we give the avocados just the right amount of water they need at any given moment not too much but also not too little we believe we can maintain the protective it even this way we're reducing about 30 percent of the water needed. one thing for sure
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will either make or break the aga kotto trade and that's water. and the reminder of the top story we're following for you they are opinion is looking to impose sanctions against china as a reaction to beijing's treatment of the muslim minority the move comes amid rising trade volumes between both sides. thanks for watching. robbed of their soul that's what it people experiences when their heritage is taken from them countless cultural artifacts were brutally stolen from africa by colonialists and carted off to europe. to. what should be done with the stone north from africa. stolen and sold for storage 13 on g.w. . the. little guys this is the subject the 7 percent stuff awful awful the super tuesday issues and share ideas.
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of what. young people did you have the solutions the future belongs. to 77 percent now at least games on d. w. o. . as the 1st but died at us i missed my job means working through did ask him what dying means to us humans but through this i come to understand so much more about my life how. i know my mom. being good scheffler is an undertaker she sends people off on their final journey and offers comfort to the ones they've left behind as the corona pandemic drags on and she tries to accomplish this seemingly impossible to be close to strangers in their most
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difficult hour while staying at a safe distance. candlelight helps create a sim juda atmosphere the mosque is a precaution to get scheffler and her coworkers sourav to give or prepare the body to be laid out in the casket in germany this is the undertakers task. haven't learned such long hair raising isn't it after suffering elsom is for years this woman passed on aged 95 in a nursing home in berlin in the femme fatale freshener up a bit for her final journey.
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