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tv   Business - News  Deutsche Welle  August 3, 2022 12:15pm-12:31pm CEST

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rights of the unborn. but when we pull back and look at the scientific evidence of what happens in that one. not the emotion and not the fact that i'm, i feel like i'm losing something. the people that are lose in life have no voice. if people on their own, like me, don't speak for them. the strongly held views on both sides were reflected in a sometimes bitter campaign. but the decisive vote to keep abortion protections in the state constitution indicates a clear determination from kansas citizens to protect women's rights. you're up to date like the much 14 d, w ah i will interest the global economy our portfolio d w business beyond. here's
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a closer look at the project. our mission. to analyze the fight for market dominance. good is step ahead with the w business beyond a vibrant habitat ended glistening place of launch the mediterranean sea scene of muster. and so far, abdul karim drift along with exploring modern lifestyles and mediterranean, he's ready to lean journey in 10 episodes starts august 14th on d. w ah, global trade has glued to their screens as pelosi visits taiwan. u. s. house speaker says the world faces the choice between democracy and autocracy. that'll have far reaching effects on the global economy and generations to come. and the
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war in ukraine drives millions of civilians out of the country, but working on line allows many ukrainians to keep their jobs. i've been fulfilled and let's do business tensions arising between the 2 biggest economies. china had won the us against house of representatives, speak in nancy pelosi trip to taiwan on tuesday. that's precisely where she landed, begging tuesday one as a brake white chinese province. that opposes international recognition of its government and visits from officials. mila retentions along the taiwan strait. a high bar pelosi says her trip is a show of support for ty, once democracy nancy pelosi surprise visit to taiwan, threatens to throw off course washington's find balancing act. neither affirming nor denying beijing's claim to the territory. a wes and chinese stock sank on the news policies retention to visit investors. warrior could inflame tensions between the 2 powers stability and taiwan is important for global supply chains.
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taiwan holds 20 percent of global computer chip manufacturing capacity. it's the leader, while the likes of china, the u. s. in europe like far behind, and look what happens when we focus on the most complex and powerful chips, those under 10 nanometers taiwan is by far the most dominant. trailing far behind is the only of the country making such complex chips. south korea, the manufacturing of these chips is so complicated that the production processes are extraordinarily hard for other countries to copy. ty, one's tech industry has helped it become rich with a g d. p per capita of over $68000.00 more than 3 times higher than china's with it's large, but mostly poor population on the wall street journal. ever but the islands long term future and a, china's shadow is uncertain. beijing sees the visit as a provocation. so investors and security experts alike or alert to anything that
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could tip the balance in the china, taiwan rivalry for more or less bring in joyce lee in taipei. what are the immediate local economic consequences of nancy pelosi visit? so china has a long history of punishing other countries by cutting them off from its market following policies, visit china. beijing has suspended in poll itself more than 2000 foot products from taiwan, including t honey and safer products. in the past, china hit single products from the primary sector, such as a specific fruit of fish. but this time they're targeting processed foods to the potential damage could be a sizable, china is tie ones largest trading partner with bilateral tray of over 300000000000 dollars last year. and keep in mind that tie one is holding a logo election in november. oh, where photos typically focus on local,
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economic and social issues. so china's band could we can tie once ruling party d p in the coming election enjoys just explain to abby was globally where taiwan fits it. i was j. p rang sex in asia and taiwan c. t s m c. produce us more than 90 percent off. there was at fonts semiconductors. if you need a micro chip to power your phone on missile defense system, you're going to get it from taiwan, even if you're china or the us. so taiwan has made us sofa, indispensable to both sides. so tell me more about the chip industry because i know the you with is pushing to become more independent from taiwan. china to has its eyes set on that chip, making industry is very lucrative and essential to so many different sectors. where would that leave tie one if both the us and china add to its biggest customers
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become more independent. well, china has attempted to develop its own sammy conductors, but they simply don't have the knowledge about the delicate process off chip mccain . meanwhile, making chips in the u. s. it's just too expensive. so i want to talk over shows, had said that there is 0 chance that the semiconductor industry could be hollowed out and re okay to, to, to us. so for now, taiwan is irreplaceable. you haven't joyce lee. thank you very much for filling us in with the latest there from taipei, germany, they exporters have logged strong growth in the 1st half of the year despite the effects of the war statistics. so exports of goods increased 13 percent compared to the same period last year, reaching more than $750000000000.00 euros imports grew to the value of 26 percent to $722000000000.00,
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driven by the growing cost of energy payments . colbert joins as from the association of german chambers of industry and commerce . better than expected search there and records nets, despite the warranty grade and the pandemic, and supplied disruptions. how should we read the numbers? well, to be frank, i expect asians, for the german exports, have still been quite dampened over the last couple of months. while the latest figures now may seem positive. at the 1st glance, it is clear that a lot of these increases are actually due to price increases. and, and that's really a pity because, you know, german exports with a ratio of 50 percent of the german g. d. p means that every, every 2 percent increase will translate to one percent increase in g d p. and so,
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so these exports mainly and imports increases mainly being due to price increases means that in real terms, foreign trade is stagnating, which is not normal for germany. so that doesn't leave really much of this export growth at all, and germany is on the edge of the down to what would that me well, the headwinds for german companies that are internationally active. they are really increasing. they have been increasing in many ways, we have seen the imported inflation, especially with regards to energy prices. also due of course, to the the changes of the exchange rates weighing heavily on germany economy. you know that one in 4 jobs actually depends on foreign trade and industry. it's even every 2nd job. also, we have huge issues regarding 2 supply chains. also
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the war, the russian war and the ukraine, and still strict comment 19 rules in china having a big impact on german supply chains. so this is actually very, very difficult environment for german companies that will not go away quickly. so we expect very difficult month for german foreign trade out. how worry would you say members in your organization are about these supply disruptions continuing about the rising costs continuing and these tensions in. so i want well, to be frank. all companies are very worried and that's across the board should look at different sectors regarding transportation for example, we still have the issue that the containers are where the ships aren't on
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the coffee, 19 locked downs in china, they have effects that will still continue for a couple of months time, so even if we have companies that have orders that could actually produce and some of them are can't actually produce because one of the main screws is missing. same is true for the energy prices. that's really a matter of international competency of compet competitive analysis for, for a lot of german companies and, and these had winds. and you mentioned that to your political risks. we have seen them increasing or a long time, and it would be very important for our companies that these geopolitical tensions, especially in asia, where we have major trading partners would be reduced. and instead, we could move forward to a more stable multilateral rule based systems are better trading relations with
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other countries and also governments to help reduce trading barriers and improve trade ties with you. trade deals of our major trading partners like in markets or in india or in indonesia. okay. we're going to have to leave it the claimant's kobe's, director of the trade policy at the d. i h. k or association of gym and chambers of industry and covers. it's been a week since ross has gas prom, reduce deliveries to germany again through that note from pipeline to 20 percent of regular flows. this time motto, blames maintenance and western sanctions. the german chancellor of shorts accuses roster of blocking the delivery of a turbine for the pipeline. it's in germany after being repaired in canada, inspecting it showed said the turbines now working and ready to use. once ross requests it, he says rushes claims of technical problems and credible and told gas customers to expect more restrictions. i recently caught up with my ukranian
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cousin again, who made it out of the country a few months ago and has been busy trying to set up a new life here in germany for his family. large parts of ukraine's economy have been destroyed, but not the i t sector. here's another example for you. it's a few last edits for diarrhea minutes before she'll take the stage and then networking meeting. she's one of many ukrainian i. t specialists working from berlin these days since their full scale war started the new frame. unfortunately, i was too scared to live in my country since i can barker more player and her. yeah, i think i can be more productive from the safe place than from like dangerous one. she's not alone. the german ukrainian organization feature has brought dozens of ukrainians start up employees to the networking event. we want to connect ukrainian and the german people and also to make people aware that her
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ukrainian companies, they are really cool. they are innovative and with them people and companies in europe and in berlin specifically, they could work and cooperate. re face is one of those ukrainian companies. and it's app has been successful internationally. on stage darya talks about how the startup found its own way to support ukraine during the countries war against russia. barrier origin is the through says, i won't stop after destroying ukraine's independence. my muster plan is to restore the soviet empire parts a few cranes economy will likely collapse due to the war. it's g. d, p haft, that's according to i, m. f. estimates for industry and agriculture are devastated. the booming i t sector however, remains mostly intact. it could be an important pillow for the country. many
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companies including re face, had to restructure m at the chaos, but they're still successful. i'll tell them, i really hope that the results of our idea in the state and our stops showed that we can the barker mod late and we can be effective and productive. nevertheless. re face has become one of the most popular apps in the u. s. says dahlia. most of its users however likely don't know that the company's headquarters lay in war torn ukraine. nice doing business with it. ah. back to ukraine. gere cozen has no idea what is waiting for him in urban. but the photographer has made up his mind. she wants to document the
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devastation and human suffering may accompany him on a difficult return to his home country, which is still at war. close up. next on d. w. at these places in europe are smashing all the wreckers step into a bold adventure. it's the treasure map for modern globetrotters, discover some of you up to record breaking sites on your mac, you tube and now also in book form oh oh .

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