ah, look, reminder, don't forget, you can always get the w news on the go. just download the app from google play or from the apple app store that will give you access to all the latest news from around the world. as well as push notifications for any breaking and that's it from me and the news team for now. i wasn't updated for you at the top of the hour say today for the latest business use with my colleagues. devastated how is this stuff to how we can with the effects of climate change,

i mean felt worldwide before a station in the rain forest continued, carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will because change doesn't happen on its own. make up your room, mind you w me for mine's a . beijing clamps down on the biggest protests in a generation. angry citizens have had enough of china 0 cove, a policy and its impact on their lives and the economy that could these buildings just outside of do by provide the green alternative to the fossil fuel is which the

city was built as the state of a business on robots in berlin, welcome to the program. global stock prices and oil prices have fallen as china witnesses. it's most severe civil unrest. in decades, tony citizens have been demonstrating against the country's strict strategy to contain coven 19 cases, which is taken a harsh tone on lives, but also on the countries economy. not since the pro democracy rallies of 1989 has the government in beijing faced such descent. from its own people, the simmering anger of many people in china is boiling over. more now dare to take to the streets. the fox con worker's uprising is transforming into a nationwide protest. people can no longer stand the long and frequent locked downs . chinese citizens are demanding relief from government rules for a song. we can live a normal life only if they ease the restrictions. otherwise,

everything will come to a halt. how many people have the savings to support themselves if things stay this way? and even if you have money to stay at home every day, that's not true. living that's lingering on the last breath of air. experts believe that the widespread locked downs endanger the country's economic progress. president choosing ping and the communist party are currently driving china's economy into the wall. warns british economists george magnus, the coolant. joiner of course, is that the communist party is very rigid in its view and very controlling in its attitude to everything from industry to the economy. society and everything you can think of. so the problem if i want to cover encapsulated really, is that china's development model, in which the legitimacy of the communist party is braced at home. and also to some degree in the big white world. that development model is no longer fit for us,

although many companies are still earning a lot of money. experts predict that china is losing its luster as a valuable partner in the global market for companies to be able to, to now kind of look at other countries in asia and beyond. for changing the supply chain sort of taking decades to, to build up. it won't happen quickly, but i'm pretty sure it is starting to happen now. it's not just the impact of the locked downs. there are other problems of china's own making. the real estate market, which makes up 30 percent of china's economic output, is in deep crisis. the government has put the brakes on the successful tax sector. it has become too powerful. growth is slowing, and international investors are withdrawing. the government's goal of becoming the world's largest economy is receding into the distance. i can now speak to marina

road, jack, who is a china specialist at the university of heidelberg, thanks a lot for joining us on the program, marina. and how much are these economic considerations playing a part in the discontent among people in china at the moment? well, is certainly do play a role if you remember in the summer there was a real estate crisis. people stopped paying their mortgage just because they were afraid they will never get to see the last they are paying for them. was a crisis with access to bank accounts, where people were protesting in front of banks saying no savings, no human rights. but it is not the only reason why people are promising. but as the economy slows here is to say that that dream of china being the largest economy in the world, sort of slipping away as well. how much of president she, jim ping's ability to cling on to power so far and keep extending his terms has been down to the performance of the economy. well, if you remember,

and one of the, you know, founding minutes of the party was to make the people richer. and since things you know, thing the consensus with the people was, you know, we make sure that you are better off economically and you stay out of politics. and this seems no longer to work. certainly not for the younger generation that was born after the 1980s, and that is experiencing an economic downturn and the limitation of their rights. this is the bowling over there. with the protests against the 0 cove, it seems to be sort of the focus of the anger as it were. is there any chance of 0 coverage policy being dropped though because of the process or because of the economic impact? well, the party is in a very difficult situation. on the one hand,

china does not have enough intensive care bad capacities. the level of vaccination is fairly low, and the effectiveness of chinese vaccines is also lower than the one of western vaccines. on the other hand, now with the people protesting, it's very clear that the government will have trouble continuing the policy as it is. so i think what we can expect is, you know, selective responses to what the people are asking for. also to make sure to separate the i'm to cove it protests from the protest against the governance and of the government. and i guess we have to see where these protests go and how they develop their way marina reject from the university of heidelberg. thanks a lot. joining us here on the to me business. thank you. to the u. s. now, where airports have seen their busiest day since,

the corona virus pandemic began the transportation security administration screened 2560000 passengers on sunday, as people made their way home after the thanksgiving rush. that is the highest figure since december of 2019. but not quite as many as the last pre pandemic, thanksgiving back in 2019 on this let's bring in our wall street correspondent. yes, of course are joining us from new york youngs. it's the via sion industry in the us back on its feet now. now up, the business is definitely back. we've already seen it in the 3rd quarter that some of the big airlines here in the united states had record revenue figures, even if we still have a few less of flights than in 20, by 900. before the pandemic game hit, then that we have lots of flights the actually depends that there's still a shortage on flight attendant for instance, or also

a pilot. so what we can also see here that there is a lot of pent up demand and there is the wish for people to travel and they are obviously willing to pay almost every price, at least. if you look at the month, i believe it was in september, october of treble ticket price this year in the us were about 40 percent higher than in the year prior. so that is definitely also something that the big airlines profiting from. and even if the news that travel pretty much suspects did not translate into a higher stock price to see on wall street, at least than the monday session, the perhaps another signifier in how the us economy is doing in the festival of consumerism. i suppose that we've just had, we just had black friday. we're seems to last longer every year. and cyber monday, of course, have americans been spending big this year? you know, i mean the rub, thanksgiving is done and although it's so meaning that the holiday shopping season

is in full swing and so far it does look like the us shoppers are still willing to spend on black friday alone. americans paid about or even more than $9000000000.00 on line. so that is a new record. what is definitely interesting to see is that people are spending that is a good sign for the overall us economy, but people are also spending more on a credit. there is this by and i'll pay later method or also if you look at the credit card, i mean all of those debt is arising. so for now, there seems to be an urgency for one side from retailers and to got the products out for consumers to shop. but the big question is yvette. trend can hold if we might be looking at a possible recession in the next couple of months. okay, any quarter kneeled for us. thank you. now, if the colonization scene is essential to saving the planet from catastrophic

climate change, countries across the world are encouraging investment in green technologies that also goes for those nations who have built their economies on fossil fuels. united arab emirates says among them, do by this glittering city was born out of the profits from oil and gas. now, do the emirates want to become pioneers of renewable energy with class to produce a quarter of towards green hydrogen. the sun drenched city, surrounded by swats of desert on which the work's largest solar park is being constructed. it's low cost green energy in abundance, and it helps power the 10000 square meter hydrogen plant next door. hydrogen is produced here using a fairly simple process. first tap water is purified and disseminated. it's then heated to 60 degrees before being fed into the center of the plant. it is then

split into oxygen and hydrogen. the oxygen escapes while the hydrogen stores energy for power and heating. hashem is maya says the past 2 years had proved very instructive. many lesson was learned, or we learned the different maintenance operation procedure, the safety procedure. we learned how a different level of sun suddenly to be hapless at different location. we also train a moratti's. ah young marty to handle the future here at to plant the hydrogen is burned and then channelled into the biased power grid, producing enough energy to power $500.00 households. and this is just to start, says park walter. well, give one and he's industry and because we want to develop his industry and that requires courage when courage,

which all the involved parties him muster together live time. now the aim is to go further and set up many more such plants, female. but also mahan, windows female, so she put up to unstick no hunched in. the gas can also be exported. but only once it has been cooled and converted. it's possible, but costly. germany is keen to do business with the emirates, but the noble technology is big breakthrough will likely still take some time. now, so from the business steam, heron, berlin, until next time tackled. oh, great arias. strong voices, why? stones connect donations to the gem and aids foundation. and hate. i know to piece in ukraine. ah,

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