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tv   Business - News  Deutsche Welle  December 20, 2022 11:15am-11:31am CET

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what about the losers? thousands gathered at paris is plots de la concord despite of chilly evening to welcome the french national team. the day after the last 2 are for tina on top winner kareem been zimmet benjamin. i announced that he was retiring from international football after being kept out of the team by injury. and the biggest war of the night went, of course to superstore, kill him in bob, a who's 3 goal performance helped ensure an epic and unforgettable world cup. you're watching dw news objects. it's business with steven beardsley. i'm terry martin. thanks for watching. every jenny is full of surprises. we've gone all out to give you some test one day and in the foot of the rigby home. i'm in your northern most count
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the please. ah, brain one still very much alive. d w channels you'll guy to the special with recognizes where exactly. it was fun. i've learned a lot. our culture history. all their d. w. travel extremely worth a visit with. oh, i've seen beardsley in berlin. here's a look at our top stories. the european union finally finds consensus on an artificial cap for gas prices, brussels to help the move as a show of solidarity. critics say it could do more harm than good. twitter users
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say they want owner ellen musk out as he oh, we'll look at what exactly that could mean for the embattled social media network. also on our show will look at the promise of module building advocate say it promises faster construction and more affordable prices. welcome to the show. after months of back and forth, you members have finally agreed on the design of an artificial price ceiling for natural gas purchases. at least for those purchases on europe's primary exchange, where prices have skyrocketed in recent months. brussels healthy agreement as another sign of solidarity. experts wonder if it'll even work. you members from eastern and southern europe got what they wanted. a lower level for the gas price kept to kick in at $180.00 euros per megawatt hour. that's more than $100.00 euro's lower than the european commission initially proposed. and had something the
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netherlands couldn't agree to with good reasons. critics say what the commission is doing here is fiddling with the only energy market that is in europe. i mean it the only commodities that were trading in europe, which is the teach yet in the netherlands. and so therefore, the dutch are understood that traders will move away from the th yet, and revert back to the u. k. 2, i think what we've done today is the massive gift to the u. k, because it's going to be the main trading hub or gas. again, we use gas price gap will also hurt norway, a major energy part now, which rustles asked to increase gas volumes to mitigate russian supply disruption. norway won't welcome the idea of selling gas at a lower price. much like other energy exporters. it's going to have a distorted i impact class. it will perhaps reduce secret of supply. i mean, we will see a trade those will soon try to test disaster new cap to see what's happening. many
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fear producers will steer their gas tank as to markets with higher prices, leaving the e u in the cold. meanwhile, price kept supporter say, the cap isn't fixed and can be higher if supplies run low. my colleague, i abraham joins me for more out of brussels. io. we just heard several reasons in that piece for why this cap isn't a good idea. why did they even pursue this and ultimately agreed to it? then? i think its massive political pressure from eastern and southern european countries as that report has mentioned, who really have a fear that prices might spiral completely out of control. as we have seen very high price, especially in september and and august. i mean, we have seen the since the beginning of the, you know, russia's war on ukraine and they really believe that this will shield households and consumers. and that's why a compromise had to be found on, on this press cap price, a spiny $1.00 point, a $350.00 euro's a megawatt hour on that exchange in august. i believe it seems like
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a no brainer. why was it so hard than for nations to agree on this cap? what exactly were the sticking points? i mean this what we have right now. i think it's more helpful to think of it as a break or kind of correction mechanism that would kick in, in case the price, which is this a 180 years that you mentioned. and it's a huge compromise from what was initially proposed. i mean, the initial price was around $275.00 a year is instead of a $180.00. and there's also now the regulatory bodies of the you will actually have to have to now conduct m an assessment to see the veracity of the markets. and the markets can really take and take this kind of regulation. and we are told that if that assessment, that turns out turns out our shows that there's too much risk, the assessment at this pretty the, the price cap or this a correction mechanism might actually be revisited. so it is, it has come through a lot of compromise,
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and now member states feel that there's enough security or there, there's enough, a clauses within this agreement that could, that could allow a reversal because they fear that this might actually just destroy supply. and then the european union would end up with a whole other set of problems on his hands that the a did the supply of, of this energy which is go elsewhere to that, to the highest bidder. if you will. i, you mentioned the pressure coming from southern and eastern european nations, in particular on this. brussel says, hey, this is a show of solidarity that we passed this. does this mean that these complicated gosh, gas issues are now solved essentially. busy or is it going to remain complicated for the, for the come years, months me, we're in the middle of winter. this is by no means a silver bullet, nor is this the end of it. i think the discussion on this, i mean, at, with anything that is related to, you know, dealing with the effects of the war in ukraine. there's always that question of solidarity between e u. member states. i mean, not everybody voted for this yesterday. i mean,
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let's remember that this decision did not require unanimously. we had a austria and the netherlands abstaining and hungry. just voting against it altogether. so i expect bumps ahead. all right, abraham in brussels. thank you. or twitter users vote voted in favor of you on musk stepping down as c e o on monday. controversial owner of twitter starting the poll himself saying he would abide by the outcome and must has come under criticism for multiple decisions in his short time. at the helm, including suspending journalists from twitter, changing its verification process, and firing thousands of its employees. mosque is yet to address the pores or but a said voting in the future will be restricted to twitter, blue members. constantino's committee's researches, internet policy and regulation. he joins me for more on this constantino's. do we
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have any idea exactly where this is going? we're still waiting to hear from mosque himself. a lot of speculation about whether this is a stunt, whether he will abide by it. do we have an idea? well, hi and thank you very much for having me. i think the jury is still out on whether he's going to step down or not. and whether he's actually going to follow the will of the treated people. but regardless of whatever job title he ends up having, i don't think, you know, it really matters because it won't change the fact that he is the sole owner of twitter. and ultimately, he's the one that's going to make all the decisions. so he just created this illusion of democracy and he, which is kind of sporadic, you know, on the one hand we saw him following what user said when it came to trump. but when it came to albany tech mask or, or banning, literally a lot of suspending the accounts of a lot of journalists and then by adding mention of other social media outlets,
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he didn't react you users. so i think that, you know, psychology to refer to it as a sense making, which is basically that to gather, not data, not to make decisions, but you've already made the, have made the decision and you sort of try to, you know, back up your opinions and justify what you have already cited at the same time because the students must seem to believe that there are positives that ultimately come out of this chaos and especially this very transparent chaos and is the man who's run some very successful businesses, space x tesla. obviously, one of the richest men of the world does is they're not going to be set for that. should we really hold that to his credit? that's ultimately he turned around with these other 2 businesses as well. why not twitter? he probably knows what he's doing right. well, i think that's, that's a good way to, to think about it, and a lot of us were thinking about it the same way. however, one thing that we really need to be very conscious about is the fact that twitter is not tesla and it's not a sex. and what i mean by that is that, you know,
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both companies where he does succeeded are purely engineering companies. and obviously he's very keen at engineering and he has a vision that housed and how to do that. and also he set them up from scratch when it comes to twitter. he came already intercom when me that it was already founded. and it had a lot of problems and much more complex than a pure engineering company, because it has issues of content, moderation, and speech. and it's a global company that operates in different jurisdictions. and as we know, even the united states and europe, which are 2 democracies that are very close, had a very have a very different interpretation on free speech. so you can only imagine what's happening in other places. all right, constantino's committees, internet policy research, and we appreciate your time. thank you very much. and we go now to some of the other global business stories making headlines. the world bank has flashed its
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growth outlook for china's economy due to the pandemic and weaknesses in its property sector. the global lender cut its forecast for chinese growth for this year to 2.7 percent. that's down from 4.3 percent in june. and it doesn't expect any improvement. next year. germany and france had formerly asked us to broaden the eligibility for its new green production law to include e, you firms, washington's new inflation reduction act, sets aside $370000000000.00 in tax credits and subsidies. but only for companies manufacturing in the u. s. or in countries that have a free trade agreement with washington was speaking of mosque. german public prosecutors are investigating electric car maker tesla for operating a facility near berlin without proper authorization of the brandenburg environmental agency, filed a criminal complaint against the company of the operation of a temporary storage facility. for hazardous materials. the company began production
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near berlin in march or brick for brick as how homes used to be built. soon. it could be module by module builders. say that module building is faster and more affordable than traditional methods. in theory, that's just what big cities could use as they raced to create or living space. take a look. a simple box made of steel and concrete. soon to be home to a student in berlin. it is one of $500.00 such boxes said to be part of a new building on a university campus. the builders are making swift progress because they aren't building brick by brick. but apartment by apartment house for the life, it's increasingly challenging to put up more housing. and our modular way of construction is obviously one way to build fast. this is a huge opportunity for us nationwide, modular building has really improved in recent years. the quality is better,
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so it's interesting for all different sorts of developments that new construction workers prepare the mortar board where a new module will be placed within a few minutes. the building has another room and it's immediately accessible. hidden within the walls, cables, pipes for water and heat. it was built in off site at the factory and chest needs to be connected. also there's a bathroom and some of the furniture is pre built to bed wardrobe and desk. that's good news for those living near the construction site. the lation of reuben bavaria makes the modules concrete is poured into the mould. it hardens within a few hours. and it's then pulled out. the company has invested in the technology since 2016 since then. public housing authorities can't seem to get enough of it. the english companies a fort hood rose,
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traditionally this pre building technology has boomed whenever there was a major housing shortage. we've seen this before, right after the war for example. and then after german reunification, when housing was needed in the east and now we're seeing it again as the government pushes for more housing to be built when born was back in berlin. the student dorm is finished with $453.00 rooms. students will move in soon, just a year after construction began. well that's it for the business team for now we'll be back later with more headlines. the meantime check is out on youtube under the dw news channel. to watch or be me, i'm tom titling the austrian physicist can actually be even the only in the world of the smallest particles. quantum teleportation cannot yet transport
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anyone to distant galaxy but i'm filing a has won the nobel prize in physics. fascinating to so you want to know with love on banding thing that way. i'm not even know how to work my own car and everyone with later holes and everything. getting are you ready to meet the german can join me, rachel stuart on d. w. when the rumbling starts and volcanoes begin spewing lava, how does that impact carbon emissions? that's one question we'll look at today. class be me up, scotty. quantum teleportation correct one day be possible.

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