in germany football awe. that's a jo, up today. more world news at the top of the our steven basically has your business updates and just a moment. good news . i understand that by that time and in the end if you are not allowed to see you anymore, we will send you back. are you familiar with this with lions what's your story? ready i wasn't, i was women, especially victims of fine and take part and send us your story

chain home to understand this new culture. so you are not the visitor, not again. you want to become city in so migrants your platform for reliable information. i the the us and you agree to suspend one of the world's biggest trade disputes. the 2 sides have squabble for 17 years over corporate subsidies to boeing and airbus can resolution put new wind in the sales of the transit atlantic trade relationship. also on the show german firms of the kick start quantum computing applications for business. can they help europe make up for ground loss to china and the u. s. and they want to strike it rich purported time, and discovery has led thousands of amateur diggers to descend upon

a small south african village. hello, welcome to the show. i'm seeking beardsley in berlin. it's a nearly 2 decade old trade dispute bowing versus air bus. both stand accused of receiving subsidies or preferential treatment back home to compete better against the other on the global market. now in the back of a, someone in brussels, the u. s. n. e, you say that they'll share the dispute, at least for the near term. as they try to focus on bigger market rivals, companies out of china, the store it can be on the u. s. and e, you have agreed to a 5 year plan that would suspense tariffs connected to the airbus sewing dispute. the deal also includes the creation of a working group to negotiate subsidy limits, before disagreements get out of hand. we want of course, to expend us trade and investments. but we also want to discuss how we avoid new unjustified technical barriers and how to cooperate in areas with high potential

from our economy, specially of course in the digital technology reaching a detailed a court, however, was not easy. given the long legal wrangling, the souring of relations and the negative impact, the dispute has had on trade and on other sectors of the economy. in 2019 the u. s. flat $7500000000.00 of tariffs on wine cheese and all of among other things that you struck back in 2024 1000000000 dollars worth of duties on suitcases. rum and nuts, even harley davidson motor bikes. the 2 side suspended terrorists earlier this year that suspension will now continue for the 1st the future companies in europe. and the us are relieved. president biden says, the agreement will repair and revitalize the transatlantic partnership. the firms

at the heart of the former dispute, are sounding their approval. boeing released the statement welcoming the new court and vowed to uphold the rules, thereby said anything that avoids the terrible, lose lose the care of good subsidies for these firms triggered the terrorist almost 2 decades ago. and both were hit hard by an order due to ongoing travel restriction, but at least for now it's clear skies ahead. as mentioned there, it's not just the 2 aircraft we're celebrating. here's our financial correspondent, frankfurt, chelsea, delaney. this has been held as a major breakthrough for us relations under the new, by the ministration. and it will be celebrated by boeing and airbus whose aircraft had gotten more expensive to their customers because of these terrorists. but it also will benefit the other industry sort of gotten flipped up in this u. s. terror for as well. everything from french wine to spanish, all lives to florida, orange shoes had a face tourists as well because of the subsidy dispute. at the same time,

there still are a lot of outgoing issues. the facing, the you and the u. s. going forward. things like that. women of steel tariffs that remain in place on you, metals that were posted to the trumpet administration, as well as the broader question of how closely the e u plans to align itself with the u. s. and their battle with china over a competition financial corresponded. chelsea delaney there, as you mentioned, there are other tariffs and dispute, including the steel levies imposed by the u. s. in 2018. those tariffs force you to introduce import quarters of steel to the top of a lot of the metal from china. but that's led to shortages and skyrocketing prices . the 2nd truck company in western germany makes stamped components for automobiles . the machine is constantly supplied with high grade rolled steel straight from the furnace. last year, tech trip paid $4900.00 euros for a relative steel. now it's $9000.00 tech and trucks. managing director blames the massive price icon. you protectionism,

which is closed off the steel market here in guessing type home port quote is the wrong approach. at this moment they should be lifted and they can be imposed more flexibly. the more appropriate point, but right now quote is, should be done away with guessing type of thing going back is quite possible the united states will soon be lifting the penalty. tariffs on e, you steel, imposed by the previous administration with germany steel industry association. once quote is against non e u countries to stay in place. that would leave turkeys in russian steel makers for instance, out in the cold. he's a lender can bite him. these countries still aren't able to access the u. s. market . so they're forced to pivot themselves more towards the european market that, that creates an unfair and extremely difficult competitive situation on the european market. and threatened to overwhelm europe, steel industry, before them, a lot of steel, wholesale is like the pro pipe company, agree. they worry,

the domestic steel plants could collapse under the weight of cheaper competition from 3rd countries. with pro pipe management often us to delay deliveries a month because there are no suitable steel pipes available. the auto industry stopped up well in advance of the shortage. my not yet responded immediately. when i bought a massive reserves up front, i wouldn't say they bought the steel plant out, but they placed huge orders and they got the whole spiral going up in gun water, tech and trump has to deal with the situation somehow. and with these kinds of material shortages that usually involves passing huge price increases on to customers. thomas vol, both is one manager at least 2 hopes the you will drop steel import quotas to increase competition and decrease prices. within a few years,

it's hope that this i b m q system one quantum computer will be cracking calculations in a matter of seconds. that would take a standard digital computer a week. and today in germany, the 1st ibm system, one in europe, was scheduled to be presented to the public and you're stuck guard. trying to in the u. s. have been working on quantum computers for years. now, europe hopes to catch up. the 10 german companies have teamed up in a joint initiative. they're calling it q tak, including b, m, w, demons, and bosh. and they help to develop applications for the computer. now i, b, m, system. one will run those applications under the theory at work here. and that will be big business. the market for quantum computing is that to grow nearly for fail fourfold rather from $470000000.00 in 2021. to 1800000000 in 2026. or more on this i'm joined by rooted acquire his deputy director of the from offer institute of applied solid state physics. professors

good to have you on the show. i would imagine this idea of quantum computing is still very abstract for many of our viewers. can you give us a good example of an application for quantum computing? now thank you. credit jordan can crack up calculations which we cannot do today. so for example, you are standing on a platform for the lunch environment. there's a delay in the system. it is very difficult at the moment to make an real time estimate of what should be the new schedule for everyone. and this is something a quantum computer can do excellently. and it's very clear that you are emotionally bound to that because at that moment when you're standing on the platform, you appreciate direct guidance. we had to go now and how to go from school to unit to building. that's exactly what a counter computer can do nicely. when we look at these machines, they look incredibly impressive. they look incredibly complicated. are imagine they use a lot of energy. are there limitations in terms of energy or cost?

certainly not the quantity which is a solution to the energy problem. classical hi, paul computing is energy limited because it goes by the, by the, essentially by the bit. and that ever acts linearly with the computer power and quantum computer does not need significant any significant amount of power except for cooling it down. but that's it. so the amount of the amount energy problem is indeed soft from a cost perspective is it's not going to be consistent, which everybody will be able to afford. and that's also not what it's made for. it's a specialized system which we need at high power problems. and those will be false and they are, they're making a good bargain is, is quantum computing ready for an industrialization moment. right now we have so many businesses investing in it. it is an investment phase. so i think the 1st we will reach quantum supremacy of that is when you have essentially a clear direct advantage of the quantum computer of

a classical within reach. so that means in the next one or 2 years, question is when do we deploy it for, for many systems, many customers that probably will take 5 years plus. however, as the applications needs to be developed and we need to, the main development is on making software for so getting insurances to it, getting the chemical industry to it. so we need this time to do that. so it will ever really impact within 24 months, but the main outreach will be for 5 years. all right, really require with the found hoffer institute of applied solid state physics. thank you very much. thank you. or i shifting gears and going to africa. thousands of fortune seekers are making their way to a small south african village in hopes of finding diamonds. that's after one amateur digger purported to find one of the valuable gemstones. although it's still unclear if it is even a diamond, the rush comes to south africa struggles to get its economy back in order with

a pandemic making a difficult situation, even worse. the pouring in from around the country with small village in the province of luna town. what they are looking for. diamonds women men young old. a few days ago, a shepherd discovered a stone in the field there, which he believed to be a diamond. the news spread like wildfire many now hope to find some of the precious gems themselves to improve their desperate life means our lives will change because no one had a proper job. i do our jobs and when i returned home with them, my family was really overjoyed. what are, what are those i hadn't seen or touched the diamond in my life? it's my 1st time touching it here. i hope this will make a difference at home because we're really struggling, so i hope things will be better. and also this will really help the community. we hope crime will come to an end, especially crimes against women. because the, you know,

all these things because of unemployment whatsoever went out all the way still uncertain to the stones are really diamonds being traded, unsold, south africa is rich and diamond reserves. and fines like the shepherds have revealed huge treasures in the past. and now the mining authority is sending experts to the site to collect and analyze samples. but before that can happen, the damage seekers have to leave. let's take a look now at some of the other business stories making headlines. germany's inflation rate is up 2 and a half percent for the month of may. that's the 5th consecutive monthly rise and it brings inflation to a level not seen in a decade. the trend is mostly driven by higher energy prices, which are impacted by a new tax on c o. 2 emissions ikea has to pay $1000000.00 euros for spying on its employees. that's the decision of a french court. the swedish furniture maker had been accused of snooping on its

workers over several years and reaching their privacy by reviewing records of their bank accounts. right, that's it for me and the dw business team here, but less as always you can find out more about these and other stories online. g, w dot com slash business. i'm seeing beardley. thanks for watching the news . nico in germany, to learn german benito, why not learn with him w e learning course pico think we don't want to see them, but they are restrict our water. our fear. open your eyes to the scene. our new global 3000 series. about the threats you're facing, the heroes taking

a stand to stop them. no, it will make up until the global 3000 series starts june 21st on d w. the ws a show coming up today one year since that definitely clash between india and china . troops from both countries died after the clash over dispute and sanitary a year later. what is the situation and above all? what is the method china has delivered to countries in the region. much out in europe, a message to china, nato allies vital to confront the challenge proposed by the .