tv Business - News Deutsche Welle August 26, 2022 12:15pm-12:31pm CEST
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but a must do experts say you watch in d, w c. as a reminder of the top story, we're following for you. ukranian authorities say the nuclear power plant and his upper asia is still off grid off the being knocked offline by showing on thursday. land has restored its own positive blind. it's pulling systems of functional prisons. lensky said the plants staff narrowly averted the nuclear accident. that the danger remains. that's aid from ethan. i'll don't co way up. next. dw business with crystal. with these places in europe are smashing in the records, stepped into a bold adventure. it's the treasure map for modern globetrotters. discover some of you up to record breaking sites on google maps,
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youtube and now also in book form, a vibrant habitat lou ended go listening. place of longing, mediterranean c. c, l. musfar and to follow bill curry drift along with exploring modern lifestyles and the mediterranean meeting. people actually hearing their dreams ready to me journey this week. do you w oh, banking on the world's 2nd largest economy like never before german companies have increased their investments in china to record highs. will have experts view on why he things. that's the wrong way to go. also on the show having a car and singapore already is unappealing. we expensive will show you how the city
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state still wants to get more people to use public transport. and more than 300 tons of dead fish have been recovered from the auto river that divides germany and poland will tell you why it's so hard to determine the cause. i'm critical about the program, u. s. companies like apple or increasingly shifting production from china. amid political tensions and repeated coven, $900.00 locked out. a new study indicates german firms are on the whole going in a very different direction. according to the cologne, insignificant army research, german direct investment in the 1st half of this year is already double than what it was for the entire 2010 climbing from just over 5 to over $10000000000.00 in a decade. again, that's just the 1st half of this year. china is germany's largest trading partner
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and accounts for more than 7 percent of all german exports. for more in this less bringing york matters, he is the chief economist at the german economic institute in cologne. welcome to the program. you're. you're one of the authors of this report. at the same time, you say this massive investment by german companies in china is the wrong way to go . why? well, obviously because of the political relation to china change in recent years, especially the rest of your credit war and the threats of china to invade high wrong change. also the environment for international trade. now we have to understand most of these investment decisions haven't made a long time ago, so those are not spur of the moment investments. no, of course that's, that's perfectly true. ok. but we still see that so
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also from, from surveys. so during firms in china, that there is an increasing tendency to localized business in china and more in china and all fear is that the risk exposure of some german firms might be so big. that in case of taiwan invasion and sanctions from the west east terms can, could come under pressure. and that the, the fall from that point in the end land on the taxpayers in germany. if available, it would be necessary. do you, do you see the german companies in prepared, in the case of a chinese attack on taiwan and subsequent a sanctions? well, obviously we don't look into balance sheet on the exact business activity. so individual, 1st we look at the macro level, a demand as a business and the responsibility of every business leader to put up
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the china business in a way that it can be close down without bringing down the company as a whole. this is the direction i think that's also a policy makers seem to want to go to because it's important to note that the german government is in the process of writing a new china strategy. and we see some indications that significant change will come about by that. now you say your german companies and china should basically. 3 scaled down their investment there at the exposure there to watch cuen. exactly how big a share should the chinese market be when it comes to doing business for german companies around the world. well, that's obviously depends on, on every, every business. i think it's you also have to differentiate it maybe in some parts
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. not only i'm doing a bit less with china, but doing more with others on there are other large asian markets that developed generically like india, like indonesia, thailand, malaysia, on from you perspective, we need to free trade agreements with these countries in order to develop them as a partner or german or the german economy, be it on the import side, as well as on the export side. yard matters of the german economic institute. thank you for your thoughts. thank you. it's one of the most technologically forward countries in the world, but living in singapore shortly isn't cheap at least if you want to drive a car. and it's that way for a reason. singapore 5 and a half 1000000 people. but surprisingly few cars. 89 percent of people in the
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southeast asian island nation do not own a vehicle. they prefer public transportation depending on the time of day and where you're going. tickets are between $65.00 us cent and a $1.50. think a port does half wide multi lane roads, but ever since 2018 has been putting the brakes on cars, new ones can only be registered when an old one is taken off the streets to be allowed a car, cynthia, hong needed to get what's called a certificate of entitlement. this prerequisite for a registration costs between $55.00 and $78000.00. and this is valid for 10 years. oh it's definitely not fair because ah, in order that you can own a car, you need to pay for that piece of paper. but that is the government's way to cope
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ah, from having less cos in singapore. suit your own words as a freelancer and says she needs a car to get to her klein's efficiently. she's annoyed about the high cost of the privilege, not only the certificate sets her back car, so also 3 times as expensive as in most other countries. yes. so in order to own and cause about like easily $200000.00, you can already buy a house with the amount that you need to pay for a car. then say add to that this city tall approximately to us dollars per trip. it's the singapore model that has been hailed internationally and copied in other cities like london. the revenue, the city reefs from drivers go straight into financing public transportation. the subway here drives autonomously and new lines have been added regularly for the
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last 20 years. for technology drive and singapore, it's just par for the course. meanwhile, the fact that driving a personal car is almost an affordable is broadly accepted. the move into public transportation is expected to go on seeing of course, 1st subway line opened in 1987. today, the system covers 250 kilometers. more than $40000000000.00 will be invested into further expansions by 2031 and now to some of the other global business stories making news. regulars in the u. k. have improved a whopping 80 percent hike in household gas and electricity bills. as utilities struggle with soaring cost, the decision lifts what's known as the energy cap for household modern fixed contracts essentially to the maximum cost that utilities can pass along to more
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than $3500.00 pounds annually for it took the household german households focus on saving money has reached the highest level in 11 years, that's according to consumer researcher from g of k. it attributes the higher savings tendency score to german expectations of higher energy, wilster's winter, purchasing sentiment continued its fall. meanwhile, it's at the lowest level since 2008. it is difficult times at the order currently the river that's dividing germany and poland at least $300.00 tons of dead fish, had been recovered from the river after fears were raised over a chemical spill there last month. now polish media claimed that digging for natural resources in the region could be to blame. but mining company, k, g, m h, is denying any role in the disaster. polish firemen are literally pulling
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tons of dead fish out of the odor river that runs along the border with germany. the mass fish die off here is the result of several factors. low water levels combined with extreme heat and higher than normal salt levels, that lead to a bloom of poisonous gold algae that normally isn't present in the order. polish environmental activists are demanding authorities find out who was responsible for the elevated salt levels and a thorough investigation into the disaster is vishal. there are 280 waste water channels. the polish environmental authorities say the odor has 280 illegal wastewater channels that it doesn't monitor. they don't know what's being done here and what it causes. 200 navy waste channels and 2500 more that don't have formal licenses. that means a lot is being dumped here, that isn't monitored on use for control of the government in warsaw is under pressure. it's accused of reacting to slowly to reports of a fish die off and not informing neighboring countries in a timely manner. polish and german media are concentrating their investigations on
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the mining company, k g, h m. it mines for copper and silver along the order, and has several operations near the city of glow gout. here, the river looks like an industrial canal. cagey h. m. admit it disposes of salty water in the river with the permission of local authorities. but this year the company only dumped around 30 percent of the levels compared to last year. and it completely stopped funneling water into the river on august 10th. just being jim glotts, whose never 1st we've been disposing of our waste water for 50 years in the reno or something like this has never happened before with young all attempts to connected to our company. our mistake. everyone's trying to blame us and we'll take them to court of asthma that from what i want to emphasize, this is something all attempts to connect c t h m to the situation and the river bills are fake news on the outside. the hostile fake news. some
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300 tons of poisoned fish have been pulled from the river already. that's more than half of the fish in the river. dead fish and muscles has been found along 400 kilometers of the river bed polish opposition. politicians are calling for stricter controls gun year. fortunately, i think all companies along the entire river need a salt water monitoring system should use fucking if you'd like. that's how we bill this job. there are doubts the people responsible for the disaster will ever be found. the ecosystem along the river will likely be severely damaged for years to come. and finally, there is less than a month to go until october fest kicks off in munich and visitors to this year's festival. we'll have to shell out even more for a leader of bavaria as best one leader of beer. the mass will cost you between $12.14 euros, an increase of 12 and
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a half percent. brewers blame the steep jump on increased costs for energy as well as for ingredients like malta hops. spite the increase till the 1st organizers are expecting around $6000000.00 visitors this year. and if you want to join them by all means, don't go on an empty stomach. have a sandwich. that's a show. thanks for watching. enjoy with is the end of the pandemic in site. we show what it could look like will return to normal and we visit those who are finding it difficult.
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he sees his successes in a weekly coping 19 special. next on d, w. d. w's crime fighters are back a little africa. most successful radio drama series continues. kind of all episodes are available online. and of course you can share and discuss on d. w, africa's facebook page and other social media platforms, crime fighters, tune in now. oh ah, shattered dreams for the future due to the economic crisis that followed hot on the heels of the pandemic. many people lack job prospects that can put a strain on mental health in mexico. an online platform offers.
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