w news on the go, just download our app from google play or from the apple app store. it'll give you access to all the latest news from around the world as well as push notifications for any breaking news. this is the w news, daniel winters up next with your business headlines. onboard. gov for all of us here in berlin. thanks for the company. we'll see you again tomorrow with ah, what people have to say matters to us. got am. that's why we listen to their stories. reporter every weekend on

d. w. what making the headlights and what's behind d. w. news africa. this shows that the issues shape in the continent. life is slowly getting back to normal. yeah. well, in the streets, to give you enough reports on the inside our correspond, that was on the ground reporting from across the continent and all the trend stuff . the mazda 2, u. d. w is africa every friday on dw ah, chinese shipper, costco gets the green light to take a stake in the port of hamburg. but the move is controversial. splitting lawmakers, the german foreign ministry, highlighting what it called considerable risks. also on the show as fuel prices

rise, europeans are taking their energy supply into their own hands, snapping up solar and wind power generators for the home. and they've long been coming. but can we get any closer to actually getting a central deliveries by drone? turns out it's not as straightforward as one thought. it's that time again, the w business welcome. it's a decision which has split the german government, though cabinet approved a deal, allowing chinese shipping from costco to buy a steak, inner port terminal in hamburg. in light of the recent crisis over energy dependence on russia, germany's foreign ministry expressed concern over what it called the considerable risks of the deal. that's right, one government arm expressing a warning over the decision of another. here's what all the fuss is about. toner or to is one or 4 container terminals in the portal. humbled. the chinese logistics

giant costco has been docking here for decades. novice said to take a nearly 25 percent stake in the port. originally, cosco wanted a 2 to 5 per cent stake, triggering a major debate among german politicians. many are concerned about china's growing economic influence. the missing we must reduce unilateral dependency is wherever possible has here that also applies to china. keegan, eva, he know the port of humboldt management on the other hand sees no harm in the deal . executives insist the new partnership will korea job opportunities and contribute to the economy. this, it strengthens the supply chain because we are the ones who control it, secures jobs and bolsters growth and germany. in deutschland. the smaller stake means cosco will not have any say or retail rights in management or strategic decisions. critics of to deal warner, china will still have access to critical infrastructure in germany because cosco

estate owned in staying with his topic earlier. we spoke to yackel, gunter, an analyst at the mccarty institute for china studies in berlin, asking him whether the reduced stake permitted for cosco was a win or loss for the company. yet, it's definitely still been for the company. it's clearly wanted to get a stronger position in this terminal for variety different reasons. and while the ideal would have been the 35 percent that it was aiming for, you know, and it will, it will, it will no longer have the. ringback kind of sort of voting rights that would have had with that 35 percent. sure. it's still significant when it's not just a wind in terms of them getting in 24.9 percent share this. this is also kind of a broader victory for china and being able to continue to kind of pride keep prying the. ready door open in germany and in europe more broadly for the investment coming from it's big stadiums, champions. yes. good to that. let's look to the us now met her, the parent company,

a facebook has failed to meet investors expectations on earnings. as always, teddy austro is almost free forest teddy. what is troubling matter right now. they're meadows get a hit on multiple fronts here and it's release signifies the real fears. there are around a potential recession on the horizon prompted in part by the federal reserve interest rate hikes. now companies are saying, look, we're not gonna spend big on advertising, and that has hit meta that is hit snap. we saw that last week and we saw it hit alphabet yesterday, but it isn't the only issue with meadow. we also saw apple's ios update that hitler ad tracking. and of course there is the competition. tick tock, eating into instagram, eating into facebook, and despite meadow spending big on reels, its own short video service, it hasn't been able to keep a pace. so met is struggling right now in a broader context of tech decline by the looks of it. but what's the implication

full met his big bet on the meta verse. that's where it wants the future to be. that's right. to innovate or not to innovate, that might be the question for meta is it may have to reconsider spending billions of dollars on the met averse which isn't on the market yet. and that may be part of the problem, right? consumers don't really know with this digital immersive environment is meta has created some b r games, but they've been shown to be buggy on popular by som, especially in comparison to the 2900000000 users of facebook. now this is what some analysts, some investors are saying they're saying get back to the basics book. instagram is great. facebook is great. you need to challenge tick tock. but we have seen some reports from employees or within the company saying this is actually just a part of the zeal of market soccer bird and may not change course. well, who knows if it goes well the maybe we'll be doing this interview in the met

a verse in a few years time that way the st. teddy austro in new york. thank you very much. now to some of the other global business stories making news. boeing incurred a surprising loss of $3300000000.00 in the 3rd quarter. the aircraft make a blamed high up manufacturing of supply chain costs for losses in government programs. but its commercial plane business is improving as air travel takes off, and airlines buy new passenger jets. german car maker, mercedes benz says it's withdrawing from the russian market. its selling shares in its industrial and financial services arms to a local investor. the company ended local production and export vehicles after rushes invasion of ukraine in february, rushes industry and trade ministry said car dealer after don would by the states and south africa has pledged to take over part of s. com's multi $1000000000.00 debt to help the utility companies stay afloat and ease the energy crunch. the

government has already poured large sums into s. com, but south africa suffered from sweeping power outages due to the company's aging and poorly maintained infrastructure. and speaking of energy, the energy crunch in europe has homeowners thinking up new solutions to ease the burden. solar panels on the roof are no longer the only option. you can put smaller ones on your balcony or even install a micro wind turbine. now they're not quite pocketed will power plants but useful nonetheless. finally, the right fasteners have arrived to this home just outside of leipzig. juergen lost, and his son can finally add a 2nd panel to the solar power system on the balcony. it's connected to the electrical system and can produce 520 kilowatt hours of power each year. it cost the family around $1000.00 euros. the current power crisis convinced the

family to invest in the system months suited to be seen worse than you try to save some money, but that money just sits around to the bank thus far became so you might as well invest in a solar system or your comments or for signatures on ryan's etc. or the solar power system was produced by local started pre what their order books are full and it's hard to keep up with demand. oh, yeah, i let him, i mash mentioned since russia's invasion of ukraine. we've had a huge optic in demand for our products. um, so again, was unpredictable because it's unmanageable. how many people are sending in orders quinn in? that was, i'm took that cut us off guard in a certain respect, who's a mazda stock, but oft and it's not just solar panels for balconies. the

demand for many wind power units also has tail whit, thomas. but emma has one of the units on his roof. in addition to solar panels. he uses it to charge the battery so he can use the power whenever he wants and save money. the robin thought side, i need some fun soccer we use are on 3 and a half 1000 kilowatt hours for a housewife. we can buy and python took over the price of around $0.50 per kilowatt hour. that mean 1750 euro's oil war as a lead, so monetarily, we're much more independent when he tag his eons. and we are the woodfield talk, the down lago, the manufacturer says they keep hearing complaints from power companies that their profits keep falling and that they're wanting their customers from installing the units with there also some bureaucratic hurdles in germany. the german government says it wants to cut some of the red tape, but not all and the flood of orders is hard to navigate, says kate jolla,

from pre what you had them isn't what i believe the global chip shortage was a challenge. i followed by the corona virus lockdown in china and the supply chain difficulties if a bigger and now we're running out of raw material because of the high demand they are gonna fulfill bella, the cost for the many power plants may be on the rise. but you're going losses eager to see if they're still worth the investment. now drone delivery has been a long time coming at 1st. it was the big new idea pushed by the likes of amazon. then the reality of the complexity hit and the idea seemed to fade, but some companies have lost hope and the competition is heating up. a drone delivery could be coming soon to a home near. you sees it a bird or is it a plane? well, it's a drone with an urgent delivery. u. s. retailers are battling for top spot in the airborne shipping market. but while google and amazon are still testing new devices

and solutions retail, julian, wal mart is already delivering so it actually is one that i order pretty often because of cooking. you run out of eggs ally, and we like eggs and bacon for breakfast. wal mart is planning to extend its drone delivery service to $34.00 states by the end of the year, potentially serving up to $4000000.00 customers. the company believes the services an opportunity to be to amazon on speed, especially after quick same day shipping options picked up sharply during the pandemic. do you want me to customers that seem to appreciate drone deliveries as an alternative to quick trips to the supermarket? but while the convenience is already there, the livery process could still use some refinement. okay. oh man, this was not again when, when made

a lengthy til 33 at his eggs and then these 3 did not live well. oh dear. well, and finally, the german cabinet has approved a planet to partially legalize cannabis jones would be allowed to possess up to 30 grams of marijuana. private cultivation would be permitted to a limited extent, and adults could buy it in licensed shops and pharmacies. but germany's health minister says the changes must square with you law, the full legislation is put forward and you're up to date with the d. w business from me and the business team in ballad. thank you very much for watching. the flood is over. ah, but people continue to die in pakistan and more than 1500 have died from drowning. flood relate to diseases countless have lost everything. there is hardly any

support from the state on private initiatives helping as best as they can for global 3000 on d, w ah, traditional agriculture transform for to morrow. my e commerce unit asian entrepreneur sandy helps nearly 400 farmers market their products using online platforms and their own supermarket through going directly from the farm to the consumer, made in germany. in 60 minutes on d w. ah sch, can you please listen carefully.

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