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tv   Business - News  Deutsche Welle  December 20, 2022 5:45pm-6:00pm CET

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good twitter users say they want owner ellen musk out as he oh, we'll look at what exactly that can mean for the embattled social media network. also in our show, we'll look at the promise of module building advocates say it promises faster construction and more affordable prices. welcome to the show. after months of back and forth, e u 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 house, the 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
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something the 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 gas will also hurt norway a major energy part now which brussels 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 traders which shouldn't try to test disaster new cap to see what's happening. many fear producers will steer their gas tank as to markets with higher
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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 you then pursue this and utterly agree 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 spike, me $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 an assessment to see the veracity of the markets and of the markets can really take a 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 of 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, and now member states feel that there's enough security or there, there's enough,
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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 its hands that the, at that the supply of, of this energy would just 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. 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 it 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, let's remember this, 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. i aber him in brussels. thank you.
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a twitter users vote voted in favor of ellen musk stepping down as c e o on monday, controversial owner of twitter starting to pull himself saying he would abide by the outcome. a 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 must, is yet to address the poll result. but a said voting in the future will be restricted to twitter, blue members. constantino's committee's research as internet policy and regulation. he joins me for more on this constantino's. do we have any idea exactly where this is going? we're still waiting to hear from mosque himself a lot of speculation about whether it's a stunt, whether he will abide by it. do we have an idea?
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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 tweeter. and ultimately he is the one that's going to make all the decisions. so he has created this illusion of the 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 ellen check mask or, or banning literally a lot of suspending the accounts of lot of journalists and then by adding mention of other social media outlets, he didn't really ask you users. so i think that, you know, psychologist referred to it as a sense making, which is basically that you gather not data, not to make decisions,
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but you already make the, have made the decision and you sort of try to, you know, back up your opinions and justify what you have already decided at the same time a customer must seem to believe that there are positives that ultimately come out of this chaos. and especially this as la, obviously one of the richest men of the world does is they're not gonna be set for that. should we really hold that to his credit, that 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 space sex. and what i mean by that is that, you know, both companies where he has succeeded are purely engineering companies. and obviously he's very keen at engineering and he has a vision of house to how to do that. and also he set them up from scratch when it
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comes to twitter. he came already intercom but me that it was already founded and it had a lot of problems. and it's 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, we appreciate 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 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
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year. germany and france had formerly asked the us to broaden the eligibility for its new green production law to include e u firms. washington's new inflation reduction act sets aside $370000000000.00 in tax credits and subsidies. good 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 can criminal complaint against the company of the operation of a temporary storage facility for hazardous materials. the company began production near berlin in march or brick for brick is 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
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a look. a simpler 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, so it's interesting for all different sorts of developments that new construction workers prepare the mortar board where a new model will be placed within a few minutes. the building has another room and it's immediately accessible,
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hidden within the walls, cable cent 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 legina group in bavaria makes their modules concrete is poured into the mold. 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 are offered rules for a traditional and 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
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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 in the meantime. check us out on youtube under the dw news channel like to watch ah, with ah,
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ah, this is d w. news live from 30 a national holiday in argentina to celebrate the world cup with a bus carrying lino messy. and he's came back to slowly making its way through the capital one assad. he's hundreds of thousands of fans of packed the city center hope.

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