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tv   Business - News  Deutsche Welle  September 2, 2022 5:15am-5:30am CEST

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in his prime time address, he urged americans to reject what he called the darkness of political violence and protect democracy. and he voiced his toughest criticism of his priest, predecessor donald trump, asked the country heads towards the mid term elections. there's a deed of news up next business with kate ferguson. stick around for that and as always is the w dot com for all the latest news and information around the clock. i am an invalid for me and the team here. thanks for watching with every day for us with what to do with all our waste. we can make a difference by choosing reforestation over deforestation recycling over disposable
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smart new solutions over steam set in our ways. earth is truly unique, and we know that that uniqueness is what allows us to live and survive global ideas . the environmental sues in global 3000 on d, w, and online in oh, the chips are off the table, the united states, the bonds, major producers, and video, and a m d from selling high and processors to china. will off guard correspondent what's behind the move. also coming off the success of germany is 9 euro train ticket in fires other countries to follow through. so we'll look at how windfall taxes are providing relief to citizens. and as energy prices for one business in italy has come up with an innovative way of cutting costs without hampering
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production. this is d w business. i'm k. ferguson, thanks for joining me. the united states has ordered 2 of its largest chip makers to stop selling high and processors to china and russia. the restrictions target in video and a m d 's top computing chips used for artificial intelligence. the u. s. department of commerce says the move is intended to limit the spread of technology used to make weapons. it means that chinese and russian companies won't be able to access products, enabling sophisticated image and speech recognition used in warfare that talk more about this with dw financial correspondent teddy, also in new york. ted, you good to see, you know, this isn't about on all tift, but on certain kinds of processors. what kind of capabilities do they have? are they really used in warfare? yeah, well, these are really high tech ships. typically,
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they are used for artificial intelligence. as you mentioned, more specifically, machine learning, speeding up those processes, image face recognition. it's used for all kinds of things, and yes, they can be used for military purposes. the united states certainly purchases semiconductor chips for that reason. china does to, the concern here is the ambiguity between the private and state sector in china. there isn't as much of a hard line as there is here in the united states. but really, these specific ships, they're quite new. one of them came out on the market 3 years ago. one of them hasn't even been export to china yet. so as for whether or not they are being currently used for building weapons that's really unclear. okay, so how much do you think this will hurt chinese companies on, on? i do you think phasing will retaliate? well, ai, artificial intelligence is a strategic priority for china. they've,
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they've invested heavily in part of the issues that china is heavily dependent on us chips. so this is going to hurt china, it's going to do some damage to the private sector. specifically, alibaba, another company hence. and they heavily rely specifically on the videos, chips to, for their cloud services, which are very widespread. so we can expect some damage there to put it in perspective in videos revenue, well about a 4th of it comes from china and hong kong, so that to tell you something. now, as for retaliation, the united states certainly as escalating the tensions here trying to, however, does really rely on these ships as i've mentioned. so, we'll just have to wait and see this was somewhat of an unexpected move by the united states. okay, so it could be a long game teddy arthur in new york. thank you very much. now here in germany, measures to reduce travel costs, including and much loved $9.00 euro monthly public transport ticket have come to an end after 3 months, along with
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a reduction in fuel tax. the policies were aimed at cushioning. the impacts of rising petrol and diesel prices. the approach to handling the knock on effect of the war and ukraine has had a president for other european nations among them in spain, which is interesting think free monthly rail passes for many routes around the country, funded by a levy on excess profits, otherwise known as a windfall tax now will learn more about how the policy is going down in spain in a moment. but 1st, let's get an explanation of what exactly a winful tax is and how it works. we asked alex, coping from the tax justice network to explain. yeah, absolutely. and you know, winful taxes are about taking a bit of the money back from companies or the making completely excess profits. world, the rest of the economy is suffering in order to fund some relief during that moment to long term policy. but for the short term, when we really need it,
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it's pretty much the best option that we have. so let's had to stay now like so many other countries, it's been battling soaring inflation. now the socialist government is hoping to cut living expenses and encourage more people to take public transport by providing them with free monthly, possible for all local and medium range. inter said he, but it's, it's part of a 9500000000 euro aid package, partly funded by taxing excess profits that see what commuters have to say. at madrid's grand 19th century torture railway station, 26 year old jennifer bernard king tawna and her sister became the happy owners of travel passes. she says it will save her around $80.00 to $90.00 euros a month. i was out all good money. i would like it to be permanent because it would make things less expensive and we can move around more get one if you anything that benefits citizens is good. of course. in terms of the economic and political situation, it helps for us. it's
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a huge benefit and we're thankful for that is when get a minute, you're almost half a 1000000 people have already pre ordered the free transport cards and state own railway operator and fit expects the scheme which runs until year end to result in $75000000.00 free railway journeys, it will cost $221000000.00 euros. and as part of the latest aid package to mitigate price rises. now to some of the other global business stories making news. germany is planning to lisa, 5th, liquefied natural gas terminal. the floating storage and re gas if occasion facility will be located in finance hoffman. it will be able to process 5000000000 cubic meters of ellen g per year and will be ready for youth in the winter of 2023 . dozens of delta airlines pilots are demanding better pay and conditions. pilots went on strike and picketed in front of airports in chicago,
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atlanta $1.10 other major us hubs. the demonstrations come just ahead of labor day, typically a very busy holiday weekend. and in a similar vein, lufthansa says if counseling $800.00 flights offer as pilots, and i have a strike for friday, the pilot, the union says and seeking a 5.5 percent weight increased by the end of the year. automatic adjustment for inflation and changes to the pay scale now and brazil, central bank a 9th 2 years ago that it was launching a free electronic payment system called picks. many people had no idea what it was talking about. but now this type of transfer exceeds the number of credit and debit card transactions. brazilians use picks tens of millions of times a day for paying rent, buying groceries, and even giving money to the less fortunate shoe. alco dino desousa is on housed and earned his living on the streets of sao paolo,
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on many occasions he is forced to ask for money from passers by and drivers. he's been receiving less and less cash, and more transfers via picks, america would receive b. it's very easy for every one. even though homeless person can use picks because it's not something difficult to get. a walk was picked in light of his purpose with the vocal real problem. although the electronic payment method was launched in november 2020 by the central bank and has become one of the most popular means of payment in brazil. picks accounts for one 5th of electronic transfers. users highlight its immediacy, not if you will, supper. when you point the cellphone camera like this, all my data appears, my name, my account, everything, and it's fast in a few seconds. it can scan everything automatically, and that's it. you just have to type in the amount of as one digit ovalo. for now,
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it is used in transactions of relatively small amounts, such as donations or for a snack, which used to be done in cash. this system is particularly advantageous for merchants, as its fees are much lower than those of other e payment methods. it also saves them the risks involved in handling large amounts of cash. dummy, a bit of money can get lost or stolen. picks is a lot easier because everything's more secure. it has excess codes. where's bank cards nowadays work with a contactless payment system? and a lot of people get their costs stolen orders, they will boy. but the system is not immune to security threats, so called express kidnappings, have increased by 40 per cent. people have enforced to transfer money for their release. so the central bank has put a $200.00 transfer limit between 8 pm and 6
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a. m. italy is among several european countries that as sharply reduced its goth imports from russia. but they're to the effects of rising energy. costs are being felt deeply with the countries industrial lobby warning that businesses are at risk of going under. if the government doesn't provide more relief, the rising costs of even prompted one ceramic factory in umbria to come up with a plan to limit energy consumption without affecting production. dark days are ahead, especially for the workers at a ceramics factory and she toddy castelow. their shifts now start before sunrise. a decision manager's recently made to contend with surging energy costs, which if you find the chance this time because in the 1st hours of the day, temperatures are lower and we can therefore avoid turning on the fans, which are always on during the day, learn that. moreover, we can use electricity when it's cheaper. fashion updated deep cabassos, right?
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so jordan, eli says the factory is gas. bill is already 1000 percent higher compared to last year. it's a staggering increase. one that's being felt across italy's manufacturing firms, the countries industrial lobby as warren that many businesses will fail if the government doesn't step in with a plan to ration gas. changes at should i make annoy, are impacting workers, lives outside the factory to i'm yes, my life has changed in terms of habits and the organization of family and children . we need more help from family members and grandparents. they. oh yeah, but we have to do it. if i look, it's a harsh new reality, but one that pottery makers here say they can deal with, especially if it means preserving their jobs and the paychecks they need to pay their gas bills at home. and that
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phone from me, from where you can always go to our website, d, w dot com slash business. you'll also find this on the d, w, news, youtube channel, and on facebook for me on the business team here in berlin. it is the end of the pandemic in site. we show what it could look like. will return to normal and we visit those. we're finding it difficult with successes in a weekly coven 19 special. next on
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