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

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wise, the country harmony has refused to acknowledge widespread opposition to his religious government. despite the violent suppression that us so far killed, dozens, protests have shown no signs of dying down. and that's it from me and the news team from now, i'll have an update for you, of course of the hour. don't go way up. next more on ellen mosques, twitter plans as to 1000000000 and now says he does want to buy the social media company that i'm a lot more industrial business with. chris kolber, who's already in by next look. ah, we got some hot tips for your bucket list. romantic corners check hot spot for food, chat and some great cultural memorials to boot
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d w. travel off we go, a vibrant habitat ended glistening plates of longing, mediterranean c, a. l. muster. and to follow up to korea, drift along with exploring modern lifestyles and mediterranean meeting people actually hearing their dreams are ready to me. journey this week. do you w ah, you turn a worth $44000000000.00 to steal on mosque tells twitter he now wants to buy the social media platform again, having previously tried to back out of the deal. we'll find out what might be behind his change of mind. also coming up more european drivers will have
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a chance to get behind the wheel of a chinese electric car, as germany is biggest rental company says over by 100000 of them and clean energy is much use if there is no where to put it. we visit one company that looking to make family 5 batteries more affordable and chris kolber, welcome to the program. doesn't take long, long mosque now says he will push ahead with a plan to buy a social networking site. twitter. he'd been due to face representative of twitter in court later this month after he attempted to back out of the $44000000000.00 deal. mister musk accused company of understating the number of accounts on the site, but he's not inform twitter. he wants to go ahead with the sale just over the options for $54.00 a share, which is the amount originally agreed i was recourse bond. the court told us how markets have been reacting to the news. well, i mean,
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it was interesting to see our are quite obvious what was 3, believe this going to happen. so investors seem to believe that the deal now will go through for the originally proposed $44000000000.52 and $54.20 per share. and the stock here on a tuesday went up from $42.00 to $52.00 a piece. so getting close to there is original acquisition price. what might be even more interesting? it's also what happened to the tesla talk because that did move up even if investors are concerned that if mosque is going to buy a twitter, that he has to sell some tesla box to actually come up or can afford the purchase price in total of $44000000000.00, so the reaction was up, the wall street seems to believe it is likely at this point this, this deal will go through as actually agreed on earlier on in april your quarter
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reporting from wall street there. and for some more analysis, let's bring in allison stewart, ellen, she's the head of advisory firm, international marketing experts. welcome back to the show. explain to us why ellen musk is going to buy twitter. now, after all. yeah, well, a few things have happened in the intervening months between him launching the lawsuit and survey. one is that he is eminently being deposed by twitters lawyers, which means that he will have to swear an oath and will be subject to some very personal questions. ah, his private alles several have been leaked and so i suspect the part of why he's decided to avoid the confrontation and proceed to suit is because actually it will probably be a little too painful and will reveal probably too much about his personal life. so
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there is also a commercial motive, of course, behind all this to but a lot of it also has to do with him as a business leader and being exposed. 3 and so i think that's what's behind this when i think one can also say that the number of fig accounts are, is actually close to what twitter has been saying. not what mr. must has been alleging allison, what time frame are we looking at here? when it comes to closing this deal. so that's a really very much a function of how quickly lawyers can do the legal work in the background. i think a lot of it is also depending on what my musk is wanting to achieve in this acquisition. so part of the terms, the deal i suspect, are going to be about how much leeway he has to move the twitter brand and fold it into this x super app that he's route to be exploring.
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so with, with legal deals, it could happen within a week, it could happen within 6 months, very much it's driven by the legal process. so, but in other words, it could be the case that long mosque will own twitter. right in time for the mid term elections in the united states and to unlock donald trump's twitter camp. ah, well that is one possibility. there are several other possibilities. one is that he's not unlock donald trump's twitter account, but instead he lun. musk focuses his energy on commercially exploiting the opportunities that twitter has through its reach. and so really this is a business deal, i think more than it is a political motivation. i think elan musk is interested in making money and he sees twitter as a reads to doing so. allison, what will it mean to twitter as a company that it is now being acquired by a man that has been bad,
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mouthing it in front of the whole world. and one that looks like he's going to undo changes that have been made to tackle fake news and hate speech. well, this is a great question because users and advertisers alive are paying very close attention to exactly this. and advertisers will, you know, speak with their bullets. and if they also are fearing there is taint from a platform that is not enforcing laws, ah, then, you know, fighters will abandon them and so will users. so you may say, well that's not happened at facebook, but actually asked happened facebook and it's happening on other platforms that are not being responsible. so i think twitter is under the microscope. under musk ownership, i should make sure that it lose users or advertisers. i was stored ellen of
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international marketing experts. allison as always, thank you. thank you. and now to some of the other global business stories, making news for boards, say oil cartel, opec plus is considering a major production cut of up to $2000000.00 barrels per day. if agreed on, it would be the 1st major reduction since the pin them in 2020 saudi arabia is believed to be pushing for the move to boost slumping prices. all new smartphones and camera sold and the european union will have to use the same type of charger from 2024. the european parliament has passed a law making u. s. b c. the standard socket support to say the measures player will reduce the electronic waste and cut costs for consumers. apple who is known for making a barrel and chargers has argued it'll stifle innovation. micro technology is planning to invest of $200000000000.00 in a computer to a factory in upstate new york. the company company says the complex will be the
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largest in the country. there's president biden recently signed an act that provides billions of dollars and subsidies to chip makers, an intent to spur competitiveness with china and say, with china, german rental company 60 says it'll buy some 100000 electric cars from chinese company b, y d over the next 6 years, 6 says several 1000 of those cars will be available for rental this year. they will be 1st offer to customers in germany, france, the netherlands and britain more will be ordered in different stages until 2028. b y d is one of the world's largest producers of electric vehicles and is currently making its way into the german market. but get more, those from dw corresponded, so song, han, anti paid. so we know that china has been an important market for western car makers. how important is europe now to chinese producers?
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or let me give you some honor numbers 1st in the 1st 8 months of this year tennis auto export mo, more than 1800000 units up. i'm 52 percent a year on year among then the export of new energy vehicles. 340000 units, an increase of 97.4 year on year. the reason why i'm talking about these numbers is because china's new energy vehicle as force, grew mel due to the rapid rise of the european market, which has now accounted for nearly 50 percent of the propulsion, relatively strong performance. and so what sort of strategy are chinese car makers following on the european market? well, although europe has a strong automotive industry base, it moves relatively slowly when doing electrification and intelligence steering. and there are not too many products available in the market while the new energy products of chinese car companies can well meet the needs of the european market.
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for china from 2021. the european market overtakes the asian market to become the top market for new energy vehicle exports. chinese cars have a price advantage over their european counterparts. statistics show that the price difference is around 50 percent. so when car makers like mercedes adi and even forced him to be a bent, abandoning their arm folio for the mid range price, chinese companies are trying to get into this each. so diane, our correspondent, i pay. so thank you. now being able to power a growing fleet of electric cars is one of the reasons why germany aims to expand its use of renewable energy. but the sun is always shining and the wind is more is blowing not to have power around the clock. battery storage is needed. they call it the geek a factory. this is where the start up test volt is based in the heart of germany. the company produces battery storage units. a single module stores 10 kilowatt
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hours, which can power the needs of a 4 person household by day. the modules can be connected to one another and industrial companies, a keen on acquiring them them to work as a wake of the ukraine. more companies want a sustainable, secure, and affordable energy supply thing, and that's why customers call us and say, i need electricity storage. i want to freeze my electricity cost. it's the only way to become independent of rising electricity prices. that is what the town of course creamer in eastern germany wanted with its new solar farm there. price $0.06 per kilowatt hour of solar power plus $0.10 for storing it. that's half of what it costs from the power grid. when even should the weather's good? although solar plants produce extra electricity that we can store at that facility . but if the weather is overcast or in the evening, we can take it out of storage. the community could be a model for germany, but there are still only
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a few giant storage facilities installed in the country. that's because large scale expansion has its challenges. athena was a big missing building block as the raw material. batteries are often built using rare minerals right now we have to manage to use cheaper easily available raw materials, like sodium, with new battery cell generations. and then a large scale nationwide expansion is also possible. so that will really manage to supply europe or parts of europe. 247, a truly self sufficient, green, affordable, safe way for video for, for them to produce as much as possible. despite the global computer chip storage, the company has developed a new storage model. given what's next theme failure, we had to respond extremely quickly and were able to reduce the amount of chips we needed to help products by 80 percent of kathy go. when phones on product that has helped us to grow. so a growing 100 percent this year over last year, you know,
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plates and foil, i'm not woodson. today the company already has or does what more than 100000000 euros. and just recently, investors injected further capital into the start up. the money will be used to build another giga factory soon. and remind her of a top story at this hour years billionaire. ellen musk will push ahead with his plan to buy social networking side twitter after earlier attempting to back out of the $44000000000.00 deal. that's a short thanks for watching. i'm chris kolber on belinda and a successful day chronicle of a scandal. documentary and anti semitism, the 15th world art exhibition and casa, wanted to promote understanding. but it was overshadowed by
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a bitter dispute over anti semitic imagery, and art corpse. the documentary scandal, kluso. next on d. w. as is carissa to thought they were great able ah, with a well famous health exhibition with wax that co discount. oh, i'm on i'm we saw these anti semitic trash and to be honest, it made me a shame.

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