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tv   Business - News  Deutsche Welle  November 16, 2022 5:45pm-6:01pm CET

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will concerns also coming up while the words power for convening at the g 20 summit and bali people and indonesia are trying to bring pollution by the mining industry . and the spotlights and wind turbines are important for the green energy transition. but nobody wants rotating giants in their backyard. we'll show you a less frightening alternative. i'm chris coldwell, welcome to the program as their summit and bali wrapped up earlier today, g 20 countries are buying to calibrate the pace of interest rate hikes in order to avoid spillers leaders warranty. there was the risk of quote, increased volatility and currency moves. that, of course, as the world economy faces other crises, including the russian invasion of ukraine, answering inflation. a letter signed by members at the end of the 2 day meeting said that the 20 central banks are closely monitoring the impact of price pressures
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. right, let's get more from the other businesses as japan day at the g. 20 summit in bali aster touch leaders warned how the g 21 is g. 20 countries want to work together when it comes to fighting inflation, when even the interest rate hikes in the u. s. and the european union seem to be out of sync because that's a tricky thing to do. or if you look at a managing debt distress, that's more important. that's what the country were told, countries we're talking about, the leaders we're talking about. i see the fed is going to do what it has to and likewise for e c, b, it's going to do what it has to. and a mandate primary mandate is to bring down prices and the another to stop to the prices start coming down. and that in result, in the turn is going to boost the dollar up. and that's going to be painful for those countries which are
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a lot of the debt in dollar terms of what can be done. so basically what the can be done is to manage this bill overs that could be managed by a debt to relieve some sort of debt negotiations restructuring. and that's where the g 20 comes in. this summit motto is recover stronger a recovery together other than mine to work together on inflation. what are the economic outcomes of this meeting regarding the world economy? briefly, if you could i, chris, you mentioned the up front. it was a meeting that is dominated by a geo politics. the war in ukraine are 80 to 90 percent of the time that the leader spent here was so actually spent dealing with the language of the war in ukraine. but they still managed to take out some time to talk about food and energy security . that was top an agenda as far as the horse, indonesia is concerned, the president jacoby really wanted are the leaders to discuss this? this has been a big point for so many countries,
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and no fertilizer chart is was one another topic that was discussed that this was actually discussed in great detail. oh, and the, that's what the indonesia was looking forward to. the w's as there's panic, reporting from the g. 20 summit and bali azure. thank you. now indonesia, hosting the g. 20 summit has been an opportunity for people there to speak up about the problems they're facing, including and re mental damage. the country sits on the largest nickel deposits in the world, but pollution from the mining industry as dra, destroying the livelihoods of those nearby to reduce in a struggling to make ends meet today, he's just not caught enough to wear them, but i only caught 2 kilos. i can't even pay for cigarettes with her, i get the article. it's an existential crisis for the fishing village of pseudo way . see, the average catch here used to be 10 kilograms a day. the locals blame the nearby nickel mine. syrup dugeon says the fish of
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migrated elsewhere to avoid the hot water being dumped by the mine yet as no sign of nickel demand decreasing. it's a key material for batteries vital for the rapidly growing electric car industry. an important pillar in limiting c o 2 output globally but it's a catch 22. the ecology of areas near mine's like being harmed in the pursuit of a reduction in carbon emissions. refrain it is an environmental dilemma. it's about giving the melon of cost and benefit and which you know, it has a least cost with the higher benefit. any, this is, angelica renewables will have at least a higher benefit. the benefits are not clear to sera jude and yet he doesn't blame
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the leaders meeting and barley or anyone else the colorado. there'll be days when i have money and days when i don't, it will depend on god's blessing as he's leaving his future to fate. now millionaire investor warren buffett is betting big on semiconductors and microchips. mr. buffett's berkshire hathaway confirmed it, had taken a $4100000000.00 stake and t as m. c. the time when his company is one of the largest chip makers in the world supplying an estimated 90 percent of the world's super advanced computer chips for tech joins like apple and qualcomm for more. let's bring in that the w correspond. and sarah lee and ty pay a sarah warren buffett investment firm does not normally make big technology bets, but it often does prefer companies are perceived to have a competitive edge. what does this investment mean than 40 s m. c.
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okay, so it's definitely great news for a t as and see and is shareholders. so after the news came out, the share price of tiers n c a d r roles by over a 10 percent and he has n z o. so told a local media that called it welcome, all investors who wish to buy in how is shares in the long term, unquote. and they also boost confidence in tiers and sees prospects. so some expert pointed out that is not very common for warren buffett to choose tier simsi over until just when the u. s. is trying to build up its own semiconductor industry. and 2nd on the warren buffet is a very legendary investor. he tends to, on invest in grade businesses that are currently trailing on for a lower price than our, their true value. so our,
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all those situations tend to prove that he is in see, look more trustworthy and profitable in the long term. a sarah semiconductors are probably the most crucial product in the years. china trade dispute. why is the united states so keen to stop china going hold of michael trips from the irs and its allies like taiwan? ah, there are probably too many reasons for this. the 1st one is because the military competition between the us and china as a lot of people know a lot of like, and jet fighter is marseilles in ozone. some battleships need these powerful micro chips in order to work. so the u. s. as probably are trying to prevent china from getting these cutting age micro trips to strengthen is military power. and secondly, is probably because of the economy. ah, and as you know,
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a lot of inner tree rely on semiconductors in these chips. so the u. s. is very likely to our prevent on china to get these on a vans computer chips such as yours in and sees products until our brain is technology to the next level. also, the meeting of yours was in biden and dirt. china's leader she on the sidelines or the g 20 summit seems so signal and easing of tensions of bar taiwan as those been a boost to local investment sentiment. oh yes for to be honest, is not a very significant boost on after the 2 liters met the overall stock market in taiwan. only rails by one percent. it's similar to what happened when she didn't pick. and biden had a phone call are during the pin dynamics. so i was say,
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is not a significant rise in general, but it did reduced her geopolitical tensions are as fide. and after meeting said that he did not think china had imminent plans to invade taiwan. so a kind of fly said investors at ease because in the past few months are china performed a lot of our military drills around high one afternoon c. polo road visit and continue to claim that town is part of is own territory. so and now our investors are not so worried about the situation and they are kind of re assured that taiwan is a relatively safe place to invest in the w sir leon type. who sir? thank you or i does talk wind turbines. here they help speed up the green energy transition. yes, but to their appearance and perceived risk nearby residents can often be hesitant
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to their construction. a new kind of turbine is offering a wiggly solution flickering shadows in for a sound, a death trap for birds. critics are finding lots of reasons to oppose ever large or wind farms hears an alternative. a blade las poll shaped turbine wind generates electricity through vibrations alone, almost silently. the inspiration, the collapse of the tacoma bridge, and the u. s. in 1940 a structure undone by wind. using a homemade wind tunnel, david genius developed as 1st wiggling wind turbines. familiar, i don't look at their generator sits in the center. this is the part that converts motion into electricity. that's it. a slim structure round, very simple, no gears, no bearings, no mechanics. it just converts motion energy into electricity or madeline and here
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be implemented, having a guarantor. and in a fan it sounds simple, but it wasn't. what ext, early years were rocky and energy output was low. con no, no, back then there was nothing on the internet for wind turbines without blades. there were no examples for us to learn from other than basic physics or from them in connecticut. but with government and european funding, the team went further developing a large, a wind tunnel and power plant, about 2 and a half meters high. it creates $100.00 watts of power for the survey for come on, come on. the turbine can now provide energy for a home. a single family home, for instance, could have 3 or 4 solar panels on the roof. additionally, there could be one or 2 platelet turbines to provide the basic energy needs at night consume, obasi love, even the gourne cornyn up when you're only gone. the decisive at manage off the weakling wind turbines. they can be put in populated areas even cities. once the
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large prototypes are finished, mass production of these mid sized turbines is getting closer. perhaps there will be available for purchase early next year. and here's a look at our top story at this hour. g g 20 summit in bali, wrapped up with leaders buying to quote, calibrate the pace of interest rate rights. in order to avoid spill overs. they also warned of increased volatility and currency moves while condemning brushes war in ukraine. that social thanks for watching have a successful day ah, [000:00:00;00]
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with ah, imagine building a green house in every fellow an energy plan and an every ruin housing. what is being designed today in the metropolis as of tomorrow? of living, proactive climate, protect our future cities in 30 minutes on d. w. in the asian financial crisis at the end of the 9 is the global economy was on the verge of collapse the same danger louis 10 years
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later. why does the global economy remain such a powder k international experts are looking for answers, the asian financial crisis and its aftermath. mm. 75 d w a thought. say what grade level we go. mm
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hm. ah ah. this is dw, live from bell. it miss al explosion and poland puts the country on. tele, nato holds an emergency meeting in response to establish facts and next steps. the
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missile was likely 5 by ukraine and self defense. nato's chief says russia best

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