tv Business - News Deutsche Welle July 8, 2022 12:15pm-12:31pm CEST
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not guilty of corruption charges were in connection with a payment of just over 2000000 euros, which plotted he received from fever during blood. his tenure as p for president in 2011 the payment was made for consultancy work with for many years prior to the payment being made. both men were banned from football in 2015. and a quick reminder of our top story, former japanese prime minister since obey has been assassinated. he was shocked while giving a speech at a campaign event, medically ob of lead to death, of sustaining wounds to the hot that's it from me. business is next. thanks for watching go, mike, how can this passionate hatred of a people be explained? your goal tom, go. a history of anti semitism is
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a history of stigmatization and exclusion of religious and political power struggles interest in christianity wants to come from. that is why christianity use the figure of the gym as a guitar. it's a history of slender, of hatred and violence. a 3rd of our people were exterminated $6000000.00 jews, like microbes to be annihilated or even 77 years after the holocaust hatred towards jews is still pervasive. the history of anti semitism this week on d. w. o . can china and australia repair their damaged trade relations? top diplomats from both countries meet for the 1st time in 3 years. at issue china's unofficial trade stop on australian goods including coal and wine. also on
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our show, the british economy is without a rudder and facing rough waters. ahead. we look at the challenges facing london and soaring food prices are leading to pressure on biofuel producers to put their crop lance to different use. hello, welcome to the shop. i'm see from beardsley in berlin. foreign ministers from some of the world's top economies are meeting to day in indonesia under the g 20 format . russia's war in ukraine as a central focus of discussions. chinese trade relations are also on the agenda. countries. foreign minister was scheduled to meet his counterpart from australia for the 1st time in 3 years. the 2 are expected to discuss b genes, unofficial trade embargoes on australian, coal, and wine among other products. china took no steps and reaction to australian politics. there were deemed critical of beijing, here's also a foreign minister on how she planned to approach that meeting. that we all know we have our differences. there are challenges in relationship. we believe engagement
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is necessary to stabilize the relationship approaches. australian government will always be centered on the strengths, national interests. that is how we will approach this meeting. that is how we approach all of our international engagement. and we will decide calmly and consistently decide diplomatically and directly are i. richard mcgregor is a senior fellow for east asia at the low institute said he joined me for more. a richer thanks for coming onto the show. we just heard from australia's foreign minister. i would say, she suggested how intense this dispute between the 2 nations has been saying, we're going to approach it calmly will be, will be reserved. what can we expect out of this meeting? do we have any idea? i think you should expect very little. they have not met, there's been no sort of meetings between foreign ministers as you say, for nearly 3 years. i think they might, might be the best thing on both sides. both sides will have a lengthy laundry list lines. they will have to get through them on their,
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on political purposes. i think the thing to look for is what is scheduled to happen after this. in other words, will there be any, any, for any talks in the issues identified, the 2 sides can continue to talk about, but nobody should think this is a reset in the relationship that reset implies it's going back to what it was, i think is the foreign minister, any walk said it's about stabilizing the relationship. australia has seem to whether these embargoes pretty well even if certain branches have suffered under the credit service, something of a blueprint or encouragement for other nations who are facing similar penalties from china. well, it's possible if you look at other nations that have been subjected to economic coercion from china and most recently, south career in 20162017. they were that, that like australia, some industries stuff that significantly so i think, you know, i think the, the lesson from this is that, you know,
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it's not easy to coerce the country economically. it's not easy to force another country in such a sort of like it fashion to sort of change policy and the like an almost always has a very negative effect on public opinion and the target country, which really just helps strengthen governments result. so i don't think china thinks it's been the success, but i have to say that australia might be a little bit complacent about its ability to withstand this because we benefited from i, commodity prices were a commodity export or china doesn't have anywhere else to go for a number of commodities, so we've got through it, but we've had a bit of luck as well. richard briefly, if you can just trying to not have all also have incentives to repair these relations. when we look at this appetite for coal, for example, that is one of the biggest exports from australia we're well,
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they're not taking any it's trading quarterly. busy they're getting it from russia . you know, china seems to have a great tolerance for annoying many countries at the moment. so i'm not quite sure what their appetite is for really repairing relations. right. richard mcgregor at the low institute. thank you very much. thank you. will russia's invasion of ukraine and the food crisis that it's and least have heightened the debate on the use of crops to make biofuel. a critics are increasing their calls for a halt by a fuel production. farmers have other ideas by green pieces, mobilizing against biofuels and hamburg. the environmental protection organisation is protesting against the use of plant crops and grain to produce biodiesel and ethanol. they insist that only food should be grown on arab land. mucus tougher him out. attack coding biofuel in petrol tanks makes no environmental
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sense. we're facing a global food crisis and to process valuable grain into gasoline right now is irresponsible. the government must stop this madness immediately. bombs and food belongs on the plate and not in the tank. good often tell our mission and tongue farmer kurth anchor has little sympathy with this argument. he supplies grain to a biofuel factory very close to lights each. but it's all low quality grain that has been damaged by drives are too much rain, for example, and is not suitable for baking bread. ran 20 percent of his harvest actually ends up in a gas tank. the. this craig mill as best of quiet 1st of all, we get the best price for wheat used for bread. we get an even better price for high quality. we with a lot of protein for the pasta industry. then lastly, comes feed, we suppose, like, and bio ethanol. so let's couldn't put all right, so be, i don't know why a fuser legally required to be blended with diesel and gasoline. they're considered
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environmentally friendly because on balance they help reduce c o 2, which is harmful to the environment. a reduction in biofuels would hit the eastern german farm crop energies. hard. ethanol is produced here from grain. last year the company produced 1100000000 leaders of biofuel in germany, as a substitute for pipeline oil, for example, from russia. the company also produces protein. this is a byproduct of ethanol production. one ton of grain from domestic production is turned into a range of products, a crop energies that i own. a key to one is annoyed. fiona, 300 kilograms of ethanol. 400 kilograms of protein feed, which is directly turned into human and animal food. and which directly reduces saw imports from south america. i'm in the book to address the demands of critics of
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grain based biofuels. the industry could gradually switch to other biological feed stocks. there could, for example, be a gradual switch from serials to straw, a manure from animal sheds. after all, there's a lot of energy in manure to well speaking of rising prices, the united kingdom is just one of several industrialized nations that suffering from significant inflation as well as the prospects of a slumping economy. but the u. k. outlook is even blacker than its peers. the bank of england warning of a long lasting economic crisis as political turbulence unfolds official statistics show growth falling from 7.4 percent last year. the 3.7 percent this year. the i'll look for 2023 is even bleaker at 0 percent. that's according to the o. e. c. d, in its latest figures. now some even fear the u. k. will slip into a recession, high fuel and food prices as we just saw. there are 2 culprits of the slowing
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growth. the inflation rate rose to 9 point one percent in the u. k. in may. that's the highest rate in 40 years. of the central bank expects it to hit double digits within a few months. or i solomon feler is an economist, that baron beg bank. he joined me for more. the u. k. expected to see this incredibly slow growth, a slow growth of developing countries. why is that? so even the numbers that you cited now, maybe a bit optimistic. we think that the u. k. may already be in a recession, actually say one reason for that is why it's maybe starting a bit early and u. k is also the different pattern of coming out of the pandemic. so in the years you have still a little bit of a reopening momentum that dampens the impact of the russian energy crisis. now, but in the end, this will be a phenomenon that you can see of they'd be able to see throughout europe as gas
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supplies are curtailed. so it's only hitting k, maybe that, and then it can also move out of the current crisis. all right, now political now gap at the very top of politics in the u. k. force johnson resigning. what does that mean during such a difficult time to have a gap there at the very top of the country? so say, well maybe it's a problem that the u. k. contract. but on the other hand, you can't make any major missteps in the current situation that danny paid for the titian's a day, it should probably avoid. so if you now in this situation where inflation is already high, increase the fiscal policy impact more and then more make up taxes. if you spend too much, you will only accessible in inflation. if you can't do that for a couple months,
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that might even be helpful. right. solomon feler there, bird bank. thank you very much. thank you. over to germany now where volkswagen has broken ground on its 1st in house battery sell, plant. the factory located in the city of ulta is another bet on the company's electric future and its ability to catch up with electric vehicle competition or the u. s. and asia says this where the automotive industry of the future will be created. we w wants to use its new plan to produce the green unified cell for use in the group's electric cars in the future. the combustion engine which formed the foundation for the w. success will become a thing of the past and just a few years. in kind of unclear, we need not fear this transformation, your the charities outweigh the risks for those at the forefront city. that applies the site here in south ghetto, but also to brown fike, where we build our battery systems. that applies to castle where we build the
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electric motor, this transformation of a lot more opportunities than risks and fraud, and i think, but you need money for that head for our money is needed when the investments are high. yes. building costs and up to 2000000000 euros. the factory should be ready by 2025. the plant will act as a blueprint for further sake sale factories in europe, and the prospect of further factories and north america. in the future. we are much, well, we've already committed to valencia dependent on subsidies. we expect that the next site will probably be in eastern europe. the exact location has not been determined yet. by the end of the decade, folks wagons, petrie division expects to generate annual sales and excess of 20000000000 euros and employ up 220000 people in europe alone. right. and finally,
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japanese bands of boucher la noval wine will have to rein in their enthusiasm. this year, as importers hike prices and shrink their product offerings even was there even resorting to plastic bottles. japanese beverage company kieran said it'll switch to p t bottles to fight rising fuel and transportation costs. the release of the fruity redwine from francis, which lay region is highly anticipated. japan, which is the world, the world's number one importer wind from plastic bottle. all right, that's our show. you can find out more online d, w dot com slash business checks out on youtube as well. for the dw channel is the end of the pandemic in sight. we show what he could look like. return to normal. and revisit those who are finding it difficult
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to success in our weekly coven 19 special next on d. w. what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d, w. world heritage is 360. get the app now with it's like playing with fire cove. it is a threat to many people's livelihoods, and yet most optimistic like this by artist his life was turned upside down in the pandemic. welcome to alco.
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