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tv   Business - News  Deutsche Welle  August 5, 2022 12:15pm-12:31pm CEST

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that while operating in the country, so that is how ah, this has affected the political situation in the country that this does keep growing and then i must keep going up. italy is felix my ring. a reporting for us from nairobi. thank you so much for that. update and that's all it is for now. stay tuned for business with ben fizzle and i'll be back with more at the top of the hour of to see that with a lender contrast of ambitions of inequality. 75 years ago, mahatma gandhi peacefully led the country to independence,
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full of ideals. what has remained of his vision with what's the status of human rights and social justice in what's called the world largest democracy. we received the ahead it. this is the pulpit to unleash on long violet boss and re imagine that these teachings for relevance to us. gandhi's legacy store to august 6th on d. w. ah, tensions between china and the us over taiwan are at fever pitch with beijing's military posturing in the taiwan strait. a key shipping wrote, what's this mean for global trade? and for the world's top export her of computer chips. an example of the circular
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economy with an ecological twist, using the sun's energy to turn the greenhouse gas carbon dioxide back into jet fuel and tracking the production of palm oil. as we start up uses tech to try to ensure plantations don't use child labor and are easy on the environment. i'm been phys, orland, let's do business. you worries about trade in asia and knock on effects for the global economy. china says it's sanctioning us how speaker nancy pelosi and her family. after she visited taiwan aging, considered the self governing island part of its territory and called her trip a provocation. the military exercises have prompted some ships to navigate around the taiwan strait, disrupting key trading roots for cargo and commodities saving around the world. it's proof of the economic fall out. any escalation in the region would have globally trade between china and taiwan has also seen interruptions. let's take a look at some of the fallout from nancy pelosi visit. in
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a warning shot china, his band imports of over 2000 different products from taiwan, may the food products, both processed and fresh bathing has stopped exporting sand to the island a product necessary for taiwan construction industry. china is also created a blockade of types of tie one as it patrols the c surrounding it, which could prevent all imports and exports, paralyzing tie one's economy and crippling the trade in semiconductors needed in everything from smartphones to health care equipment and defense systems. that's one reason this story has traitors gripped around the globe. well, alex and a go law is a senior fellow at the carnegie council for ethics in international affairs. his wife looks at china's growing assertiveness in the region. could china now put economic pressure? not only on taiwan, but also on the west in response to policies visit. oh, as a matter fact, it good and it's already doing it. we remember the last last the located in the
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9095. $99.00 is the last that 8 months was only ended by been sending, sending a tiven se would china though be shooting itself in the foot? if it did something like that. now considering the global economy, considering the chip making industry and by severely punishing taiwan, it would, it could hold semi cannot to export. absolutely. i like to look at the large picture that she's saying all the time that the of the time nation is only completed. one time is dr. gate and and reunited is the whole thing with the company. as a matter of fact, i'm spending 4000000 people and the public is 1400000000 people. so like there is no economic significance that i want to possibly add to the old g d,
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p of china except for and i have the rare and, and i, one has technology and to know how to process it. interchange. so indeed, it would be like a good move on to things, and it is idea to get hold of time to then combine taiwanese technology and know how with the rare that already like existing in chinese or. well, the other great thing for china is that it would give away a fantastic supplier on its side, which it's already reliant on t s. m. c. for example, the top manufacturer on the island. but then that manufacturer also supplies over 90 percent of the world's high class chips. and i guess, i mean, i think it would be discussing the obvious not that this would have to be implications on the whole. and this is why taiwan again is one of the most dangerous places on that,
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because the publication by the people's republic of china do not only written and assess governing democratic country, but also like the global supply chains. and if you look at the big picture again, she will not be stopping it. i want, he has 15 neighbors and 17 conflict of a territory. so he's go scope and go to east to dominate the whole less than pacific and get towed over everything that's happening in global trade. that and having control over the industry would just be according to his go. so he would love that because then to over to a to bowen, crowd to what's china regarding chip technology. alexander, besides who is going to be in the ne, here in his conflict, who is more dependent on the all the time one or china on one another. yeah, i mean very, it's very, very small as it is a little country and it has however, like strong allies in australia, japan in the united states, and remind that germany trade number 5 and as being
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a democracy that was as taken on like the form of a japan b, like rather than in the democratic spirit which are both our nations on the notion of human rights and law. and that's something that's quite different from china. but it would be the best for her, say if taiwan and china would get on just as friends, but at the point at this point in moment in time, this is not the case. of course, taiwan is given this location of course, depending on a good relationship to china, more than the other way around. however, if you want to be like the biggest economic power in the world and having like a seat at the table of international community, china to think twice a 3 times. if you want to only like a small little neighbor next to you. and by the way,
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and then like to think you can do that this role and get this in the international arena. alexander, besides a bullying that's going on here. what about natural causes to take us back into history for a moment. back in 1999, there was an earthquake that crippled the local industry, the tech industry, and had huge ramifications around the world as far as memory chips go. and prices went through the roof. yeah, i mean i'm not a way of describing, but this is obviously what, what could be happening very soon. like i said earlier, the to bring you up to date time one is prone to earthquakes. what i'm saying is, you know, apart from all of this military posturing, what if an earthquake suddenly hits again just like 2 years ago and, and try to help. and then john, i will not abuse about this. so like i say certainly,
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but at the national i as nothing to do with the current situation, in my opinion, like china locating at, on the national right. no, of course it has nothing to do with the situation. but i mean, it's another factor that show that we will have to take into consideration and hope that it doesn't happen. hope that this escalation of the moment doesn't turn into some sort of invasion. i was alexander law. thank you very much for being on the show. and you're moving on to the global aviation industry, which is responsible for 5 percent of climate change causing emissions. every here is pressure on the sector to clean up its act. one company in switzerland says it has the solution. what he calls reverse combustion using the sun's energy to turn the greenhouse gas carbon dioxide back into jet fuel. the ingredients are simple. sunlight, water and c o 2. but the process,
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not so much because you need a lot of concentrated solar radiation to make this so called solar jet fuel. in the salary i thought we have a thermal chemical process taking place, splitting walked in c o 2, and produces single. this reaction is highly endotomic requires very high temperature, and we are providing these, these energy by concentrating solar radiation by a factor of 3000 the resulting fuel can be used to replace diesel or even kerosene . so scientists are hoping it is one solution to the global aviation industries emissions problem. because when used these synthetic fuels only released as much c o 2 as they previously absorbed. it's an ambitious project, but proponents of the technology, se they hope to start producing in 2023, and that they already have a commitment from swiss international airlines. our goal is that by
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2025 am to have the 1st full scale commercial solar fuels plant in operation. we from production capacity of it on 10000000 liters of methanol per year. the group says they've shown the process works outside the lab. now they want to scale up and work towards becoming a fuel alternative, not only for the aviation industry, but maybe even the shipping industry is a big promise and with fuel prices and global temperatures rising. many are eager to see them succeed. indonesia is the largest palm oil producer in the world. it's used in soap, chocolate shampoos, but what about conditions that it was produced under child labor environmental degradation? another swiss enterprise has set out to tackle these very problems in indonesia. sometimes even fruit can be stubborn. it's hard work for pack
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a man who's been working on this palm oil plantation on the indonesian island of sumatra for 5 years. the money he earns from the physically demanding work here provides a living for him. and his family color at the, at that harvest yields $3.00 to $4.00 tons per hectare reach season gallo. my people are cool along that his employer is one of indonesia is 120000 palm oil. farmers who work with swiss start up cult eva. the software company is placed in the capitol jakarta we are an integrated so recent technology company working alongside global value chains. we can follow a product from its source to the market to the retail to the consumer. ready tv, as customers are major international corporations, companies whose customers want to know where the ingredients for their products come from. and there are legal requirements forcing multi nationals to disclose
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supply chains or show the environmental footprint of their products. in the past, no one cares about the environment or only small group, but the big mass of the population. they were happy to get the cheap product. cheap palm oil in a frozen pizza. a little unhappy proof of origin is a particular challenge in the palm oil business. after harvesting, the fruit is sent to large mills where it's processed into oil. this makes traceability difficult, the palm oil farms that work with coal tv alone cover an area of 400000 hacked hairs in to reckon our feel they, since they travel through these plots. they have an interview with the farmer that gave elijah brown. so we have, it is he cases that the farm is not in protected forests, not involved in deforestation over the past 10 years. and that they do not exploit
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children, enter labor on their phone. ready called tv records, the exact origin and supply routes of 24 raw materials in nearly 30 countries. the company is headquartered in jakarta, that's because ceo man fred bora, simply stayed in indonesia, after completing his master's thesis here in 2006, with 270000000 inhabitants, an average age of 29 and a growing tech community. he says, for start ups like his, there's nowhere better. flue is the end of the pandemic in site. we show what it could look like. return to normal. and we visit those. we're finding it difficult.
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he says successes in a weekly coven, 19 special. next on d w, we've got some hot tips for your bucket list. ah, magic corner tread hotspot for food chairs and some great cultural memorials to boot d w, travel off we go. ah ah, sewage is dirty dot interesting. and potentially useful early warning system and a pandemic, a pilot project in germany is working out just how useful in india, the pandemic has led people to grow more of their food locally.

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