tv Business - News Deutsche Welle June 23, 2021 8:15am-8:31am CEST
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going the it's the crucial ingredient needed for electric cars. so what's stopping spain from tapping into its lithium riches find out on business after the break? don't forget, you can get all the latest news information anytime you want on our website. that's a d w dot com. i'm terry martin from me in all of us here at the w. thanks for watching. ah, the news? the and above all how it feels. jewish life in europe. that's what film producer, corona and journalist eas, could mine,
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are exploring. delving into history and the present i would never do it that could be live so open and so i could remind myself because i grew up in a completely different way. broad pluralistic jewish in europe. the 2 part documentary starts july 5th on dw, i the 5 years old and just because we haven't talked about it in such a long time, another breaks it anniversary. analysts say is by region changes are only just
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beginning. the w kim sebastian talks to one of the most intriguing c e o. runaways in corporate history, nissan sherman, carlos goen. and not everything that glitters is gold, spain looks to catch in on its boss, lithium deposits, local resistance to the mind cause those treatments ident, let's do business. on this day in 2016 b. e u referendum, result in prison, sent a shock wave through the business world. for the 1st time, a nation decided to leave the common european project. the u. k voted to exit and now 52 to 48 percent. a recent poll found that 4 out of 5 people would still vote the same way and it's for whether a re run of the 2016 referendum today we see different results. the poll found it probably would not wear the departure, and the single market has brought significant disruptions of trade,
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especially british exports to the blog. many back then, well horrified by the results others celebrated the independence of the united kingdom. the economist meeting has worked in london's financial state of use. he joined us for berlin. we've also got out frankfort correspondence on the line conrad booth. and who's seen the effects of briggs that on this side of the british isles, august, citing with you 5 years on how would you say the brits of fairing the brits are very not too well. we have not see any significant plunge and activity related to lab rex it. but what we have seen is that business investment in the u. k. even before the pandemic was 21 percent below what it would have been if the pre referendum trend has continued. in other words, since the referendum businesses have held back on investing and creating jobs in
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britain, and as a result of the british economy is probably some 4 if not 5 percent poorer than it would have been without devote correct. you spend your days watching stocks go up and down on that exchange. they're behind you are the numbers that telling it's very difficult to differentiate the impact of brakes it on the economy from you know, what else is going on? corporate 19, of course, has caused a 9.8 percent contraction of the british economy last year. that's the worst recession, 300 years. how much of this is really only covered 19? how much of this is breaks it? what i can, what most economists like this meeting and others are giving us our estimates and full costs and the treasury, her majesty's treasury, the finance ministry in london predicts that the economy in the u. k. can
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on the growth in the next 15 years will be 6 to send smaller than it breaks. it had not happened. that's an official statement for bar johnson government. so the impact is clear, these are the pinch is clearly big. just briefly, comrade if you take cobra route of the equation because it's something that's depicted everyone is the fact that the world couldn't even tell by the numbers just how badly breaks it has affected the bridge. where the meeting mentioned a few numbers and you know, for an investment, for example, in the u. k. direct foreign investments in the u. k. have strong former a 192000000000 pounds in 2016 to only around about 636 p. m. pounds in 2019, that's a clear number. but in terms of growth, of course, how can you, how can you separate the impact of call it from, you know,
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the new trade barriers that are there between the u. k. in the us. it's not as differentiated in the numbers as we would like to have it hold. what about the road ahead? because analysts saying this is only just the beginning. well, i would say a lot of the disruption has already happened. that's and rex it history as discussed because of the rest of the results and the anxiety what may happen upon leaving you, the british economy has not grown as much pre code as it otherwise would have. what we expect for the future is roughly in line with the estimates of her. maybe she's practically named the british trend road will be somewhat softer regardless of all the cobra disruptions now somewhat softer than it would have been if you stayed in the biggest thing in the market of the world. but the u. k remains with its flexible labor market with its flexible product, market rate, service sector,
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the u. k. remain good. economy is no longer at the forefront of growth in europe as u. k. was inside the european union ever since the tax reform. how do you sound quite optimistic? what about all those trade deals? britain was hoping to do with the worlds and has been signing off on. i mean, are they going to help britain as a smaller player no longer in the single market? well, what these trade is will be doing is they will limit the damage from breakfast it somewhat. remember that within the u, the u. k, you trade use with later part of the word through the european union. now it has to do these things on its own. so once again, this is damage, limitation for damage is substantial, but of course the british economy can survive and will sort of life without you being in the you. but if we are just not as much as it would have been if it had stayed in conrad just briefly,
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your take on trade and the road ahead well, trade, if i'm, if you allow me to say so it's not the only problem sentiment in general among the people who live in the countries the united kingdom has left erasmus europe. why student exchange program. i personally know young college students and university students who are a lot disappointed because they cannot go to the u. k. for studies. that's really having a very negative impact on sentiment to give a lot to leave it. there are corresponded and frankly can write booth and hawkish meeting financial experts. amanda, thank you. you're welcome for me and it's on both college go and has made daring getaways before. now he's done the same in the middle of an interview with d. w. he was speaking to conflicts on high kim sebastian, 18 months after the escape from japanese cost,
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and was facing challenges of also buying financial reports and breach of trust. he's now in lebanon, which has no expedition agreement with japan, and ended the interview with you. after objecting to questions about his ability to talk with a price, it was a few weeks after your arrest. in 2018, you were allowed to talk to the press, which gave you a chance to protest your innocence and claim that you were the victim. as you say, of an elaborate plot to destroy your reputation. my question is why would your enemies, especially those at nissan bother with a hugely complicated plot. if they didn't like the direction you were taking the company, they could just find you got the board to fire. you couldn't buy. you said yourself, they didn't need to go to all this trouble to get you out, sir. if you consider that i was given the chance to talk to the press. you are in bad faith. you are bad faith. it's about faith. i've been denied any possibility to talk and you know it. and if you ask the question that mean you're
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a bad face and fewer a bad face, we stop the discussion here. for one year, for 14 months, i was forbidden to talk to my wife. i was forbidden to see my family when i wanted to organize the press conference in japan, i was re arrested after i been fried a 2nd time. i was told by the prosecutor that i'm free to talk, but there will be free to bring new charges if you consider that i was free to talk . frankly, i consider that you have not a minimum of with last last november you told arab news, i knew very well that if the japanese no longer would stop which i'm sorry, would stop it here. and you can find the rest of jim sebastian's interview with colors going on. facebook at the w dot conflicts are also on youtube and the w news. construction began this week on spain's 1st factory for electric car batteries will help create over 1600 direct jobs and ill source.
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the lithium needed for the batteries from a nearby mine, another job creator the country. it's on a huge deposits of the rare earth which it shares with portugal locally. source materials have a lower come footprint. both projects would help spain out of recession, up there's pushback. but no. soon excavators we tear up the ground here and hundreds of trees will be felled. for lithium, mine resistance is mounting. technically right. we're in the middle of climate change. we need these one to 200 year old trees for higher, julio said and his friends can't understand so many other people's apathy. been out again the one comes along and wants to dig mine and we roll out the red carpet for him. and i, we don't ask if it's bad for people, my children who are growing up in the village next door. and i will say that gonzalez is directly affected. the holiday house he runs is situated
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a kilometer from the mine we need to believe who's going to want to holiday here, only 300 meters from a huge flag heap with the dust, no water daily blasting the noise of the machinery. who will be nadia? about 80 residents are directly affected by the mine the town hall, those several kilometers away. when no one will really notice the mine. local politicians here are convinced it's beneficial to the steadily shrinking community . can you ever was young people are leaving in droves. gonna play gothic and then based on the information they've given us, i want the mind to go ahead development. maybe we can also get them to locate the battery factory here. we've got a couple 2nd canaveral and not somewhere further away. sank on board. that would create more jobs because that's what it's about. if you look at some of the candle, the village of can never sits on top of huge reserves of lithium. the fi for tech
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company wants to use it for batteries. it's a 1st on the berry and peninsula 5 or tex, managing director doesn't deny the problems involved. ok, yes, it doesn't matter if it's a mine or anything else. i think the prime is used to explain it well connect with people and went over the resident. reparations are underway, and the company says the equipment is in place, the mine will supply the 1st battery cell factory in southern europe in the neighboring extra madura region. a small series of data storage devices has already been completed them proceed. we've developed the 1st prototypes in our lab. the customers have already given the green light. we hope we have a pilot production line up and running by the end of the wi fi for tech is investing 400000000 euros in the project. but besides lithium, it's also both of the closed nickel, mine,
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and cobalt could also soon be mind in spain, all essential components of lithium batteries, europe hoax, it will soon be much less dependent on foreign suppliers. and a reminder of our top story, this our, it's been 5 years in spreads, voted narrowly to leave the you expiration and frustration at a very long process to future relations across the channel. many details haven't been worked out this day. i think because the we don't want to see them, but they are there in the streets. water. even now we're here. unseen. in threats you're facing. and the heroes taking the stand to stop the
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d w. we've got some hot tips for your bucket, led the magic corner for food and some great help. the more is to boot w travel off. we go ah, the, the welcome to global 3000. in gone, the people are finding creative solutions to the ever increasing problem of plastic waste. any realms capital t, ron determined cyclists, the lowering pollution level. and that leaves restless. how
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