week hundreds took a neat in front of him, earl of england, marcus rochefort, to show their support for the young black player. and that's also my cell for now dw business is up next, so make sure to stick around for that some way. laraca berlin on behalf of all of it. thank you so much for spending this part of your day with us. i'll see you again tomorrow. the news. the news in december 2019 the european council new president show me shows important to honor the ground breaking mission. i has

a clear job to make sure of the 1st time it's it's i don't see me on the plan. it's value 2050 but not all member states supported and some persuasion is required. quite some time. when the game, diplomatic poker, interest to power, please, and alliances behind the scenes of the g e. u. climate summit starts august 5th on d. w. ah. the merkel makes bite and in washington for the 1st time since he became president. there's plenty on the agenda, including the controversial nod stream to pipelines because of the pat, make any progress. it's just 2 months. and so the chancellor steps down also coming up a global push to close coal power plant. some african countries that fast from finding

new energy sources. we report from zimbabwe. this to me business robots in berlin. welcome to the program. german chancellor. grammatical is holding a one to one meeting with us president joe biden, for the 1st time since he took office. she may only have about 2 months left in her job, but this won't be a mere farewell dinner in washington. there's plenty of unfinished business between the 2 countries. it's on the la merkel last visit to the united states as chancellor. the 1st thing on the agenda, a meeting with the vice president, common with harris, have talks with president joe biden at the white house. despite the smiles, there are still several issues that divide them. vb topping the agenda, nordstrom, q, president biden still seats the german russian gas pipeline as a bad deal. and also a danger for european energy security. germany disagrees for weeks. berlin and

washington have been trying without success to find a solution acceptable to both sides. i appreciate that a few weeks ago, u. s. foreign minister antony blinking warranty yet again about the pipelines potential to threaten ukraine. aside from the and past surrounding the baltic sea, nordstrom too, there's also still no final agreement on punitive steel tariffs and there are differing approaches to china as well. but after for difficult years is biden's predecessor donald trump. merkle, washington trip, as seen as a rebuild to german american friendship. well, let's discuss this further with president of the info institutes for economic research clemens 1st. thanks for joining us on, be to be you business. let's talk about china, which we only briefly touched on that because there are differences of opinion between the 2 leaders on this on back certainly are for the us. china is primarily a geo political competitor arising power in,

in the asian region. and also globally, for germany, a china is mostly a trade partner, very important export destination and the trade partner for import. it's also important investment destination. at the same time, there are common interest for instance, in human rights. but still the perspectives are very different. yes, one is more about competing with from the us than the other is working with. i suppose another the issues that there are differences on. is you terrorist on still on your tires on each tail, excuse me. which present button hasn't got rid of brought in by president trump. do you think of chancellor michael can persuade him to get rid of them? a probably not. i mean at the recent e u u. s summit, it was decided that they would be talks trying to resolve this until the end of the year. now this is of cause a responsibility of the e. u,

not of germany. so it will be difficult for me to do anything about that. and then also the, the, the u. s. has made some concessions, for instance, they removed sanctions related to not for him to, i think the that, that they will hardly make more concessions at this stage, but the talks were continue. so is there any space or any of these issues for meaningful progress during this meeting, or is it more or less a farewell visits, chancellor maxim, i think it's mostly a farewell visit. there will be talks and it's always useful to exchange positions . maybe also be informed about shifts in positions and better understand also the domestic political situation for both sides that's useful. but in a way, this is primarily farewell visit. marco will not make decisions that will bind the next german government. and i think both sides are aware of that. you think

a change of government is likely to cause the us to move on any of these subjects as pretty firm grounding in all of its opinions. that's right, but i think the u. s. government is a way that to find solutions and to strike a deal. it will need a new german government. matter can hardly do this at this stage. she's an outgoing chance or so she may prepare certain things and exchange views with her team. but the new data will have to be struck with the new german government. and that will certainly be a compromise which involve package of things like not stream like the that the terrorists and other issues. right. clemens 1st from the info institute. thanks a lot. joining us on data we business. thank you. now china has reported growth just under 8 percent for the 2nd quarter compared to last year. that is less than half the rate it grew in the 1st quarter and below economist forecast.

manufacturing is flowing and consumer demands not picking up as quickly as expected, is more from china on the left. clifford coolant. there been warning signs in recent months about the chinese economy. record commodity prices for raw materials like iron, or have driven factory inflation to their highest levels in more than a decade. china is a key player in the global supply chain. supply chain disruptions called by shipping backlogs, on an energy shortage. i've been a dragon factory production. also the services sector as load recently. as efforts to contain a coven, 1900, a break in glasgow, and province in the south, curb consumer and business activity. so the rebound from the pandemic may be losing steam, but the overall picture remains positive, and china is still on track to exceed its annual growth target this year of more than 6 percent. now a quick look at some of the other business stories making headlines, shown here on thursday for us back against a new bill passed by the us senate to ban imports from the ocean. jang region,

washington has accused beijing of genocide against the regions muslim, we population ratings that the bill is quite inconsistent with the fact and threatens global trade. timeless at the end, 5200000000 euros in the 2nd quarter sharply. b thing, wall street expectations, the mercedes benz maker is focusing on making more profitable vehicles in the global semiconductor shortage. that is constrained production and african leaders have been me to, i've been arriving in our b john for a world bank summit on financial support for the continent. and the panoramic improving africa has access to corona virus. vaccines will also talk to your gender, only one percent of the population has been fully vaccinated against the current of ours to now the global efforts to hold climate change is forcing the hands of countries you're currently rely on coal. as international funding for fossil fuel projects dries up,

they have no choice but to accelerate the switch to renewables. for countries that are running an energy deficit, like in bob way, the need to find new source of electricity is extra urgent. zimbabwe is energy requirements are still relying on coal power plants aboard for the mo, pulsations supply the country with above 500 megawatts against a national demand of more than 2000 megawatts. the country has been on a drive to expand its generation capacity to both industrial production. the major hydro power plant was severely affected by years of drought leaving the country depending on coal power plant and electricity inputs. economists the see the cutting of funding to projects that could increase climate change will impact on economic growth is in bob. we move to renewable energy. are you competitive?

does or products to get is directly also is the route of our energy. so definitely growth projection for the coming upcoming years will be seriously weekend air. busy by this continuing deficits in electricity energy deficit his wanted the countries businesses revolving 18 hour parker force industries to operate. if you hours often lead in the night, the transition to renewable energy has started. some local entropy. us have taken up the opportunities to invest in solar farms. a central agreed a solar farm outside the capital, heredity generates 2 megawatts, but plans to expand to $25.00. the founder victor is positive about the future. renewables is the way to go. our government, you saying we need to deploy 2000 megawatts of renewables?

new solar wind hydras small hydras by 2030. and we really think that's what the focus should be when driving financing towards renewable, which is good for the climate. it's good for the global economy where it is to get that in need to give that invest as hoping government will continue to put attractive incentives to grow. the renewable in a fixer, zimbabwe is already offering 5. it takes breaks in duty, free importation of equipment for national projects, variable was from correspondence. revelation missionary he joins is on the line now and other enough incentives for is involved way. and so we've completely away from coal energy. certainly incentives are there,

invest says that i've spoken to reporting that government is quite kin in terms of having investment in renewable energy is going up. i saw some of the things that, that the putting on the table is that investors are being offered to 5 year corporate tax breaks. they are also allowed to import the equipment judy free into the country. and they are also allowed, if it is a local investor, they can partner with international investors to put up solar farms in the country in the efforts to boost renewable energy solutions. china is actually the last fund of co projects and in zimbabwe it isn't the pressure to stop funding, those will, will it stop certainly, yes, because we have seen depression, that is mounting,

particularly with the withdrawal of its $3000000000.00 funding by the chinese international industrial and commercial bank towards one of the core post visions that are supposed to start to because structed in as in bob we about which is about which was going to add about $2800.00 megawatts. so the chinese bank has been pressure to withdraw its funding to us that project because of issues of claim or funding projects that are contributing to climate change. ok. privilege mission area and her already for us. thank you. and just finally on the program, it's your chance to ride like the king of call himself late american actors. steve mcqueen, his portia, 917 k. well, we auctioned off by surveys in new york next month. it was featured in his 1971 film limo fiction alive story about the 24 hour long french sports car race. the

car is expected to sell for at least $16000000.00, which would easily make it the most expensive portia ever to sell it auction. and that's all from me in the business team here in berlin. if you'd like a bit more from us, you can head to our website to be dot com slash business. you can also find us on the d, w, and is youtube channel. and we're on facebook as b, w dot business until next time. take care. thanks a lot for watching the news . the fight against the corona virus pandemic. how has the rate of infection and in developing? what does the latest research say? information and contact the corona virus not change because the 19 special next on dw eco africa.

willis from the national park in congo. he and his family would love nothing more than to live in peace. but poachers and farmers hunting them and threatening the species. what's to be done to protect the vehicle for 60 minutes on dw ah, loan lockdown, and uganda is helping to make co, the case numbers full. but livelihoods are suffering one in 5, uganda, and have lost their jobs during the pandemic. to help the government handed down flour and beans during this lockdown last year. now authorities have gone digital. they using mobile phones to provide cash payments to those struggling. it's an

awful approach in east africa and in physical and welcome.