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tv   Business - News  Deutsche Welle  December 2, 2022 12:15am-12:31am CET

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of so now and a shift away from the approach that provoked them in the works. beijing may well be hoping the biggest challenge to its authority in decades is already behind it. their watching, these are the news lines from berlin coming up. next is all the latest business with my colleague rob watts. amanda, you can also find much more news analysis and video on a website at this d w dot com. thanks for watching. i'll cease in ah, she w's crime fighters are back with africa most successful radio drama series continues, kind of all episodes are available online. and of course you can share and discuss on d. w, africa's facebook page and other social media platforms, crime fighters,
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tune in now. what makes the headline to stand? what's behind them? dw news africa. they show that faculty issues have been the continent. life is slowly getting back to normal. yeah. we're on the streets to give you in the report on the inside of our cars, funds is on the ground reporting from across the continent and all the trend stuff . the mazda u. t. w is africa every friday on dw. ah, president biden moves to ease a trade spots with a you during a visit from french president and manuel micron. he suggests tweaks to his plans as poor u. s. green tech could help accommodate european businesses will get the latest from
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washington. and it was once one of the soviet union's main wine making regions, but here how moldova is now turning its back on moscow is the state of your business on robots in berlin. welcome into the program. us president joe biden has sought to allay e concerns about transatlantic trades during a visit from the french president and manuel mack wrong warned that president biden's inflation reduction act threatened to remove the level playing field for european firms. legislation offers support us producers of computer chips and renewable energy tech. you says that as a result, european businesses will suffer. molina joint press conference between the 2 presidents, joe biden, struck a conciliatory note. so there's tweaks that we can make can fundamentally make it easier for european countries to participate and are beyond their own. but
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that is something that is a matter to be worked out. there is no fundamental, there was never intended my road to legislation, never intended to exclude folks who were cooperating with us. that was not the intention. well, it's close to our correspondent in washington, mikaela mikaela, a biden appeared to suggest the inflation reduction that could be altered that to help your pan businesses is that good to diffuse a bit of the tension across the atlantic? well, it certainly gives friends present in my car something to take home and to say, look, there is no intention of harming you, a businesses at all that this talk of tweaks. and i noticed that this is being picked up a lot, but the big question will be, what does tweak actually mean? will it mean that they will try and alleviate the effects of this bill or where they really change this bill and take it back to congress? this was a bitterly secured victory of re narrowly secured victory for
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u. s. president biden. in he just saw his democrats lose the majority in the house in the mid terms, and he is already looking at least with one eye on the next selection. so i very much doubt that he would do anything that would take away from job growth growth here in the us, and he would try and damp and the effect for the youth. now a task force is supposed to come up with some details and i think those details will matter a very great deal. and only then we will be able to tell whether this was more symbolism or actually a concrete concession because those jobs will be created once this or the other side of the atlantic. what our president biden's thoughts on the use concerns about the policy? does he think they're justified? well, he said he wouldn't apologize. the u. s. never apologizes, but that there were effects in this legislation that were unintended. at the same
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time, he also clearly said that the europeans are on their own. they can, you know, they can themselves take action. so the ball seems to be in the european in the french court now because they did not draw up that kind of package with the explicit aim of actually having that green drive from mobility produced in europe. they have other packages, they have the recovery package from the pandemic, but they don't have this kind of package. and i think there is quite clearly a view here in washington that the europeans need to do their economic homework as well. meanwhile, present mach august to return to france with this tweaks line. i will consider this trip for success. he is a leader. he is in the business of only bringing successors home. it is
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a success actually on another level because he was described by joe biden when they sat down in the oval office just before all the stops are being pulled out here for that state dinner. as a leader of europe, joe biden almost swallowed the word a he sounded like you were a leader of europe. so in my call is very much increasingly being perceived as such . picky against the backdrop of a lot of criticism of the german chancellor assaults and his perceived in action over ukraine at the beginning, although germany is certainly stepping up, its efforts has been recently greatly stepping up its financial and military aid. so yes, this is a success. this builds his credentials as the man to call when you want to talk to europe. okay, miss hillock is now in washington for this. thank you very much. now
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let's take a look at some of the other global business stories making the news international monetary fund. chief christalin, a caregiver says the cost of keeping ukraine's economy going has risen. next, she expects the country. it's going to need 3 to 5000000000. your is a month next year, yoga says russia's invasion has had a wide spread impact affecting food and energy prices globally. and the former ceo of crypto exchange, f t. x has denied committing fraud and apologized for the mistakes in the collapse of the crypted currency chimed in. a video statement, sam bagman freed said he did not deliberately mislead investors who have been unable to withdraw their funds from the bankrupt. now moldova has a proud history of making wine and was once one of the soviet union's main wind going regions. now it has ambitions to join the e. u, and hopes to one day trade on the same terms as europe's greatest wine producing
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nations. however, war on mulder's doorstep and an economic downturn mean these are tricky times for the countries. vineyards, lots of sun and little rain. 2022 will be a good winter to mold or but the harvest workers have little to gain from this. they earned the equivalent of 2 euros per hour, which inflation at around 30 percent, not much remains of their wages. the flood the torque loan appropriate for to lay in albany. can you imagine that you might go to a store and you get only a small piece of sausage for 40 lake. tell me if you're because up to low wages, many young people are leaving the country not dear. studeville had already talked about emigrating to work as a harvest worker somewhere in europe. but she doesn't there. take the step
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do our work here, and we have something to do every day. the, like, i have no reason to complain. it's going very them is elliot in order to bid wine growing has a long tradition in the former soviet republic. the climate is favourable. large puzzled country have the fertile lexi soil. wine is one of mulder's most important exports, state winery militia. missy produces large quantities of wine for foreign countries . in the past, the country's largest customer was russia. but since waldo was relationship to the european union strengthened, moscow has boycotted waldo and wives. these are difficult conditions for marketers, victoria bugle. she mentioned the start of her carrier would be easier. ha, we're having to deal with a new form of international protectionism. so it is difficult to make forecasts, especially the look at the current international situation with war and ongoing crisis. but we need export markets and they need to be as diverse as possible.
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drivers have them want ramp. cod is the white seller. it's one of the largest in the world around one and a half 1000000 bottles of wine are stored 70 meters underground. victoria bill girl has found new markets in japan and china, but the competition from italy and france is fierce. as soon as rush us war against neighboring ukraine is over. she hopes for more tourists. that isn't let me come out of ours and is still an untapped industry in moldova financially 2019 was a good year for tourism had been that we're trying to promote wind tourism focusing on ecological and active tourism. the nickel. i'm a pin, that is nicola teacher law. despite the challenges she hasn't given up, she has top wines and the most unusual wine cellar in the world.
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they are now and a success story made in vietnam. the electric comic a vin fast was found as any 5 years ago and is already supplying vehicles across asia. now it's cars are reaching a major new market. it's the 1st ever shipload of cars to leave vietnam for the united states. the head of the company has a simple explanation for why there are exactly 999 of them. everything we knew had to have that have the lucky number. so we pick 999 cast. written fast is vietnam's biggest success story. even the prime minister came to celebrate this export milestone. the car factory and high pung was only inaugurated 3 and a half years ago. the company, exclusively manufacturers, electric vehicles, and its planning factories in the us and europe. vin fast says it won't be deterred
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by the us inflation reduction act that was passed a few months ago. among other things, the act favors us battery producers with tax offsets that are not available to foreign manufacturers. i came as a surprise to, to, to all of us however, it doesn't really impact ourselves strategy in the us. we m as soon as we have, well, we start manufacturing cas in the us, iowa customers when be eligible to the a $7500.00 tax incentive. vin fast offers a 10 year warranty on its vehicles and it rents its batteries. so customers don't have to worry about them, it's a gamble for the company. but vin fast has a history of lucky payoffs on big bets washing dw business,
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a reminder of the top business story that we're following for you this hour. he was present, joe biden has thought to allay you concerns about trans atlantic trades during a visit by his french counterpart. my mom had warned that the us inflation reduction packed, threatened to remove the level playing field. the european firms biden says, i can now be tweaked so from being the business team here in berlin for motorhead over to our website to a dot com slash business, you can also find is on the d that we can use youtube channel as well. and we're on facebook as d to be docket. so next time in into the conflict zone with sebastian. the war in ukraine may have strengthened western alliances in europe, but not in all cases. the big outliers, the hungarian leader, to all about who want supply weapons here and won't let them transit these country
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. my guess from budapest is the prime minister. secretary of public diplomacy is open correct conflict with prior to the point of strong opinions, clear positions, international perspectives. she being west just confirmed at empowered as china as president. but now the people are protesting against to strict 0 corporate policy. and some are calling for she's resignation. on to the point, we ask protests in china, how deep is public unrest to the point with b, w. with shell explosive, a symbol of power,
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rebellion and sensuality with wound by royalty and icons like a magic wand. and the grounds for divorce guy with a colorful cultural history. secret weapon lipstick doth december 3rd on d. w or the war in ukraine may have strengthened western alliances in europe, but not in all cases. the big outlier is the hungarian leader, victor alba, who was supply weapons the care and won't let them transit his country. my guess from budapest is the prime ministers. faith secretary opened cove at.

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