tv Business - News Deutsche Welle June 15, 2022 12:15pm-12:31pm CEST
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they have been experiencing a rough time, and i'm trying to find that individual identity. ah and that's it from me at the dance team here at berlin. don't go away. chris colbert is here next with news and how the u. s. government could soon be getting much all say on how investment goes to china, all that at the w, b, y dot mitchell with the question of whether the next crisis will come. but only when and how the media will deal with it. how can we stay focused on what is important? shaping tomorrow now,
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exploring opportunities for media professionals in times of crisis. the global media forum in june 2020 to your ticket. now, what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites d w world heritage. 360 get the app now you ah, already strained us. china trade ties could soon become war. complicates us lawmakers want to equip washington with sweeping new powers to block investments. what would that mean for the chinese economy? we'll get more from our correspondent, also coming up with russia. gas from lowering gas deliveries to germany,
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emit repair, work delays. we ask an expert, what the impact will be. and we'll take a look at fox wagon, bruce brazil activities in the seventy's and eighty's, a time in which the car maker is accused of profiting from slave labor. i'm frisk over. welcome to the program. a bipartisan group of yours lawmaker say they've agreed on a proposal to give the government greater visibility into billions of dollars of investment into china, and sweeping new powers to block them. present biden seems to be backing the concept, which comes at a time when china's economy is trying to rebound from coven lock downs and supply chain straits shun. highest back reopened after a complete shut down to stop the spread of corbet 19. but as people go back to work, the fear of further locked downs remains the more the somber. but you wouldn't know
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goin by recent data. so far this year for an investment in china cents at over $80000000000.00. that's 17 percent more than last year. it's unclear though, whether this trend will hold. the u. s. is keeping up trade barriers put in doing the trump administration, chips, batteries a i and fintech a supposed to be sold to china only in exceptional cases. the chinese government has criticized these measures as inappropriate. they would only hurt the u. s. and not slow down growth in the chinese economy. the tone has become more aggressive and there are science a further decoupling between china and the west. for more, let's cross over to taipei and d. w. corresponded so sung hands, so it looks like these chinese investment curbs are gaining momentum in the united states. how big of a problem would that be to china if the bill passes in the
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end, there will be a big blow to not only china's economy, but his national strategic plan made in china 2025, which am to upgrade the manufacturing capability of chinese industries. into a more technology intensive power house. according to the bill, the us government has a right to stop investment projects in china that are inconsistent with us national security and bobby high tech field such as semiconductor israel earth about technology, artificial intelligence and robotics. restricting us invite vestment in china in these areas with me, us china, the copley in high technology. that is, it is a double edged sword. it may be able to curb china's ambition to our compete the u . s. but it could also hon. the long term interests of u. s. companies in china. and so at the same time or latest economic data showing their chinese factories have been producing more stuff last month, but consumption remained frail. what are we to make about?
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which alice economy showed initial size of recovery in may. but overall growth still remains fragile. the unemployment rate we're looking at surprisingly, improve a bit. but it is unclear whether the trend is sustainable with millions of students graduating in the summer. the pandemic is now largely under control in china, and the related strict control measures are gradually being lifted. for the 0 call, the policy has had a serious impact on economy activities with the risk of outbreaks and lockdown salumi. consumers and inter printers have become quite cautious. institutions have lower their growth expectations for china economy this year, and economy will likely ron below its potential unless the government takes decisive action to boost the growth you w correspondent, sought song hand anti paid, so thank you. european natural gas prices surged over the years of disruption after russian gas behemoth gas from announced it will reduce
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deliveries. why are the north stream pipeline by 40 percent gas problems blaming siemens energy failing to store gas turbines? the engineering company saying one turbine is being overhauled in canada but cannot be delivered to russia because of sanctions. so far, gas problem has not indicated if it will increase gas applies to other pipelines, to compensate or loss for moral a spring into a ball season, energy expert and professor at the pairs institute of political studies. welcome to the w, terry. do you expect flows or not stream one to be permanently know lower now where i do expect that in the grand scheme that we are saying, since the last i eat, the weapon is ation of gas. we have to be prepared for this. we've seen a gas problem stopping state spot saved back in 2021. not repeating the german storage at the end of may 2021. we've seen that stop throw in for 4 different 5
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different countries. and this is another thing that the credit is throwing at. so we have to keep in mind that at the end of the day, we should be completely independent with the russian gas going every week. sorry about that in the military. but so this delay and repair work, the siemens energy is pointing to here at the moment. does this play in the hands of the kremlin which uses energy exports to exert pressure absurdity? remember, i mean her back at last months as they were asking us to pain rugle. most companies did agree just a few didn't and were cut. and when they agreed, they hoped that they were going to receive their gas and now they've another. and, and those are, sorry, we don't have to comply, so russia doesn't have the compressor pencil, therefore they can tell this guy. so i think the kremlin is trying to show how united all these united we are here. and we are going to see how companies are
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going to react. so the gas transit for north stream is 40 percent lower gas from has stopped exporting gas to poland and transit through ukraine is also lower. what does this mean for the supply to europe? where if you compare the supply to europe now after this, this is what it used to be prior to copy it. we are receiving right now with the left and half the gas we were receiving from gas from 2 years ago. so, i mean, all dependency in europe has been hot from 40 percent dependent on gas from we are now 20 percent dependent. the good thing a, so far markets have been able to find a solution which liquefied natural gas being be routed to europe. to mitigate this and tell you how far along is the continent then and making itself less dependent on russian gas? i mean, so far we've been less dependent. thanks quote, and quote from the credit. i mean it's
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a credit that has cut us not to putting an embargo on gas as we did in the european side on quote all again, as i said, 40 percent we are now to 20 percent. $11.00 hop up to 10 percent. i 10 percent could still be manageable, extremely high prices that the last 10 percent it not manageable. we cannot replace it because we get to keep it and gas. and so it cannot be done in 2022 or perhaps not even in 2023. we need to wait for new project, wants to supply side to be able to bring more gas to europe, telling also the paris institute for political studies. thank you for your time. thank you. and now to some of the other global business stories making headlines around the world versus war ukraine, coupled with shortly rising energy prices curving economic recovery in germany. the for institute has cut its 2022 forecast for german gross to 2 and a half percent down from 3 point one percent predicted in march for expect
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commodity prices and supply bottlenecks to gradually ease in the 2nd half of the year from the currency exchange coin base says the plans to lay off 18 percent of the workforce, a move that comes after market value. the digital currency plummeted, more than $200000000000.00 has been wiped out of the currency market. since the start of the weekend, brazil's electricity company and eco vas has gone private in the 2nd biggest stock offering worldwide this year, brazilian permanent enjoyable scenario rang the bell. if you saw po sparks change to market sort of trading the resume governments steak and electric ra sustan's at 45 percent down from 72 percent before the launch and staying in brazil, german carmakers fox wagon is facing prosecutors in the country over allegations of human rights violations at a farm and ran during brazil's military dictatorship accusations include,
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include slave labor, torture, and even killings. prosecutor say they have documented years of atrocities committed by fox bag managers in the 19 seventy's and eighty's. and now they hoped to reach a financial settlement for the victims a court house in brazil. ya. here behind closed doors, prosecutors were set to confront one of the world's most powerful automakers. with a series of explosive allegations. it revolves around this farm in brazil. the accusation that volkswagen benefited from slave labor here during the 19 seventy's and eighty's m. my former get was a form of modern slavery. workers had to work 7 days a week, more than 10 hours a day without any pay on us. a sing, he said, be it, it won't get cheap. would you came in at all? so the prosecution alleges that there are hundreds of cases in which serious human rights violations occurred. they say workers were little more than indentured. servants. witnesses speak of being shackled after attempting to escape,
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being forced to work at gunpoint and even of murder, becky, to say, when someone tried to escape, the managers would go after them and shoot them. but they beat up those who tried to escape on the street in the shack. but she and i stood out, but she alone bohak. volkswagen bought the farm in 1973 at the invitation of brazil's military dictatorship. to day the company says they take the accusations seriously, but must 1st analyze the results of the investigation before commenting. this surprises christopher copper, who says he informed a volkswagen of its involvement a few years ago and got some comics. i examined the operations of this farm during my studies in 2017 and off of after my discovery, i told volkswagen that during this period it had used foreign labors who were essentially forced into slavery. not fully funded form. brazil's prosecutor now
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wants justice law still suckles. we are convinced that volkswagen will acknowledge its responsibility and that there will be a settlement with the prosecutors office and the former workers, brazilian society will be compensated for these unacceptable incidents in his out. it's unclear how volkswagen will respond to the allegations we asked or corresponded martez able to, to what extent fox like management knew about what was going on. they knew about it, and there were reports already in the eighty's in the german magazine spiegel about it. so there were rumors about it and for decades already em. but a lately in 2017, the historian, christopher copa, which we heard in the report. he published his report and, and folks, i knew about him, these accusations, and about the, the that what happened at this farm? because mr. copa,
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a dedicated one chapter on this farm or in the prostate in brazil. so they knew about it also the management but and yeah, we don't know why that didn't act so far. that's one of the secrets volkswagen might. yeah. might to tell us about a in the next month or which are to come, dw corresponded mattie se, but they're speaking from rio de janeiro. and that's our show for more check out a website at d, w dot com slash business or the daily news future channels from chris colburn bullock, thanks for watching every self a success with poisoned feel depleted or solid or improper management and aggressive cultivation are taking their toll, how can they be healed?
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research in from farmers plan on gaining ground. working the land for o'con, kluso. next on d, w. d, w's crime fighters are back with africa. most successful radio drama series continues. remember, all episodes are available online. and of course you can share and this goes on d, w, africa's facebook page and other social media platforms, crime fighters, tune in now, bon in the earth beneath our feet is the very foundation of life. it provides us and countless other creatures with nourishment. yet we're destroying it. we poison it, po concrete over it and exploit it. a 3rd.
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