tv Business - News Deutsche Welle February 1, 2022 5:45pm-6:01pm CET
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happening, german government, declining the go ahead for the takeover of waiver maker cell tronic by ty, once global waivers will have live analysis on why berlin run out the clock on the deal. also coming up how a tie cafe is banking on the global buzz around crypt occurs and still production is responsible for on 5 percent of global c o. 2 emissions. but there is a better, a greener way shoot. and chris called walk into the program. the german government has failed to approve a proposed multi 1000000000 euro take over of german waiver maker. so tronic by taiwan is global wavers. both companies make so called waivers. they're roughly one millimeter thick sheets of silicon necessary for the manufacturing of semiconductors. those of course, being the backbone of the global technology sector. berlin had been hesitant to some off another high tech firm to an asian competitor for
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more. let's bring in dd kirsten tablo. she's a senior feller at the german council on foreign relations and offer of a book on china relations with europe and technology transfer. welcome to the, the german government says there was too little time to review the deal properly after the necessary go ahead came from china. is that plausible? it is actually plausible in the sense that china is so called ok to the deal came very late in the day. it was some issues in beijing, on the 24th of january, published on the 25th in the media. and in fact, china had to steal on it's it before it for about every year, which is unusual long. these things are supposed to be fixed within $180.00 days in china. but how much of security concerns were playing a role here, even if the time span was quite short?
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while the thing is, of course, the semiconductors, swafer us, has become a global good if you like, of the highest rate of, of the highest importance. and there is a growing growing global pressure and competition for this. the chinese conditions, in my opinion, were a bit of a poison pill, although there, okay, was presented as a go ahead from the state administration of market regulation in beijing. nevertheless, there were 5 conditions attached to it, and these include, for example, the necessity to continue to supply these wafers to china and future supply as well . so i think that the german side was actually a bit concerned that these conditions weren't quite his sort of generous and weren't quite go ahead that they seemed to be at 1st glance. so yes, it is a security consideration from several points of view at this point. did you mentioned it? some conductors are in high demand at the moment. what implications does this deal
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not happening? have for the global shortage of semiconductors? well, i mean i mean semiconductor wafer and pure silicone wafer business for example, is expanding in various places. the jap, nissan, increasing be active, working with taiwanese companies such as ts and see there's a lot of activity going on globally. i don't see that this will directly affect the global production. i mean, so tronic will continue as it is, it did want the deal to happen. so did global wafer says 2 companies get on well and they wanted the deal to go through germany was off the view, it seems that it wants to you know, resource production within germany within the u. this the question whether or not it's picking the right partners for that because arguably, a tie one company would be a pretty good part of germany. so, you know, this stuff is getting very complicated and i think we need to be paying a lot more attention to the sort of political economy of all of this. but i don't
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see that the global production necessarily will. suffolk companies will continue to try to build up their, their stocks, did he cursed and had low with the german council on foreign relations. thank you. thank you. china remains germany's biggest trading partner numbers are out for 2021 today. and they point to a strong growth for both imports and exports straight between january and november adds up to more than 222000000000 euros. that's almost 15 percent more than during the entire previous year with numbers for december still outstanding. german exports, mostly cars and machinery, rose by 10 percent imports from china. that's more to smartphones and other electronics are up by almost 20 percent. now in
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recent years, china has also become one of the world's largest money lenders. the country invests and roads and port construction and pipelines and power plants. in total, there are well over $10000.00 infrastructure projects in $165.00 countries around the globe according to a recent study. now this brings investment, but it also creates new dependencies in the countries that are then in china's debt . the country with the highest debt to china is venezuela, with more than $58000000000.00 us dollars, followed by pakistan and 2nd place with almost $40000000000.00 russia owes $37000000000.00 and gola almost $30000000000.00. many other african countries also heavily indebted to china as the country expands, a new trade route, the belt and road initiative. according to the world bank, china holds about 70 percent of africa's public debt, including in uganda, where our next report comes from. cabdriver renault to riley uses into comple
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expressway. for most of these able to be cups. we don't spend day mean it was a low you down board as an axis. but to get on the highway, she really must be about $1.00 us do less on every gate you going to hopes to use the money collected to pay the $350000000.00 borrowed from china. the construct, the road by about them is too much, so they need to reduce it to do without then you can to has also bullet another $200000000.00 from china to upgrade interior airport. but the deal recently outraged the public over fi as of mortgaging the countries only international airport. we never used the airport as collateral security for this long. this alone was guaranteed by the government sovereign credit. you know,
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you go in to day kids, you can to, has reportedly borrowed over $3000000000.00 from china. some are now asking the government to take extra caution. as it borrows from the chinese, you're not bringing as much weight to the table. unfortunately, the other, the passing more leverage will dictate a lot of the time. and so we are forced sometimes to take some fat in times that might not necessarily be in our best interests. uganda maintains that chinese, a faithful linda. now those are but it wouldn't competitive terms for a loan of this magnitude. when you look around financials across the world, it is very difficult to find someone who is going to give you such money. which tampa is criticized beijing for using loans to exploit developing economies much to many african countries. china may have shortcomings, but it's good. the money to support their economies. trading in digital
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currency has become a thing for a growing number of people around the world and thailand. a local eatery is banking on this very trend and helping patrons, making the right order at the hip coffee and restaurant cafe in thailand. customers are being encouraged to eat and drink in front of their screens. these screens however, show the latest price is in trends in crypto currency, and it's attracting a whole new order of clientele. vannador having so many screens helps the lie, like 4 or 5 days ago when the market crashed. we immediately know and get to analyze crashing factors and decide whether we should execute the by order or not. coming from to me, it's exciting because i get to meet people with the same interests as traders. we get to exchange information because in the trading world, the more information you have, the stronger upper hand, you will have. why? and we are competing against millions of people, not just one. along with coffee,
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the cafe offers free investment advice. it says it's aiming to provide cash, making alternatives to people in the province. and it hopes to start its own crypto currency, coin some day till crypto currency is gaining traction in thailand, where the government introduced a crypto tax in 2018. the southeast asian country traded more than $7000000000.00 us dollars in digital assets last november, according to data from the securities and exchange commission. it finance minister recently announced the government would issue guidelines to make trading simpler for ty citizens. the screens at hip are making things simpler for cafe owners till who have doubled their customer base since installing them in 2020, with germany's economy is to be transformed into being much more sustainable and greener. that's the goal of germany's new governing 3 party coalition government.
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this task isn't made much easier for the fact that germany's strong manufacturing sector relies heavily on steel now, steel production is responsible for on 5 percent of global c o. 2 emissions. a german steel mill managed to slash it's greenhouse gas emissions. and here's how the scrap steel comes in all shapes and sizes from waste consideration plants and dealers, primarily from the surrounding roar valley region. and this is where it's recycled . the specific mix of different kinds of use steel is collected in scrap book fair than conveyed to the melting hall, which measure some 40 meters tall. everything here is supersized, because one of the biggest electric arc furnaces in the world is about to get to work. powered by electricity with a load of 61000 amps and 110000 volts generating old lot of heat. you
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close to. biggest danger is always a failure in the cooling that of the electric artworks with a huge amount of energy, with temperatures of up to 3 and a half 1000 degrees. the small, the molten metal is heated to 17 or $1800.00 degrees. so if the cooling fails at the furnace would melt itself own and bustle install photography, me once the melting process is over, he retracts the electrodes. what we have here is a special design of furnace. that is pretty rare. so it's exciting coming here every day. and seeing the crude raw material being turned into precision product development. the factory as high voltage power lines due to the scale involved, the supply, the entire complex, with 350000000 kilowatt hours of energy a year, making energy efficiency a priority. since using scrap means, we already have low energy consumption and c o 2 emissions oil from said music. in flipping v, it's about the step we're taking now producing green. steel is
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a further improvement that there is still not my die in the future, will be making it all with green electricity fide. so cryptic new am intercoastal. despite being produced with eco friendly energy, the company says it's green. steel does not cost much more than steel. made with coal and here's a reminder of our top story for you at the sour, a proposed multi 1000000000 euro takeover of german waiver maker sil tronic is not happening after the german government failed to prove it. taiwan global waivers had made of it, but berlin had long been hesitant to sell off. another high tech firm to the asian competitor. that's i shall. i'm chris colburn. berlin, thanks for watching eversole fe successful with
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