has a shares tank again after a disappointing financial report. the downward spiral comes amid reports. ellen mosque has a new 2nd in command. we've got the latest from our correspondent in taipei and digital know month are flocking to portugal to work in the fun shine, but not everyone. welcome their arrival. this is d w business. i'm kate ferguson. thanks for joining me. we begin in israel, where business leaders have warned that the country is new, right. when government could deal a blow to the country, the tech industry, they're concerned about appointments, such as finance, minister batson, l slow it. who is the head of the far right profile? the religious sinus and party in a recent letter sent to prime minister benjamin netanyahu. hundreds of tech leaders and investors maintained that new laws are voting and minority rights and limiting the independence of the judiciary could deter investors under pros undermined

confidence in israeli democracy. for more in this, let's talk to yes, even he's the founder and ceo of i 8 ventures. our platform focused on innovation. yes. a good to see you, please. can you tell me why is the tech industry so worried about this new government? well, thanks for having me and thanks for taking up on this is very important issue. we are a very small country. we are extremely dependent on the high tech industry and the high tech industry by its nature is a global industry. we are extremely excited about open ideas. we're extremely excited about selling things to the world. if the government is still focused on in shuler and small issues and this religious issue that religious your, it's a full blown conflict with the sector that is actually paying for everything year in israel. so the tension is rising. okay,

but i'm not know how realistic do you think these concerns are about a corporate accidents coming really be thing that's absolutely it's, it's very easy. you know, it's not factories. it's people. i am sure many of the companies here in israel, both the israeli companies and the international, are firms that have, are in the centers in is, are, have a folder which says living is really, i'm sure of it. and if the government of israel is not careful enough in, and it's not because they don't like israel on a, just that they're going to make a decision. why? why make life so complicated? we can move things on to places and people will move, you know, to the jews are very good at moving. so i think the government really needs to pay attention to this. ok, so on the free, a huge number of issues going on. rand hair. and israel tax actor is of course, a very important engine of growth and how is prime minister benjamin netanyahu are

responding to these concerns? i am sure he is well aware of these issues and he was one of the people that instigated and created the high tech sector in israel. and i am actually sure that he will worry about this and make sure we may not hear it out loud because of politics, but i'm 100 percent sure that it's on top of his mind to maintain the balance between the local issues and the government is really right wing and the global interest, which are the key for the success of the high tech industry as well. okay, a firm does not like that us, our politics are on a collision course, i guess as a van, thank you very much. thank you very much. great to be here with you. thank you. now to some of the other global business stories making news f t x finder and freed has pleaded not guilty in manhattan court charges that he cheated. investors looted

customer deposits on his credit, currency trading platform. he's currently free on a record to $250000000.00 bail. a tentative trial date is set for october. microsoft is reworking its being search engine using the artificial intelligence powers, the chat box known as chat g p t. like to talk to and open a i recently formed a partnership with the hope of challenging google's, a monopoly on search engines. more than the markets in pakistan, our shop to shop by 8 30 pm as part of a new energy conservation long aimed at cutting costs. the news has angered traders who say the move could ruin their businesses. most of pakistan's electricity comes from imported fossil fuels, l n g. now electric car giant has let, has begun the year with a further dramatic flight in value shares,

and the company dropped more than 12 percent in choose the trading the full coming at a time when c e o l and mosque is preoccupied with his acquisition of twitter, it's the continuation of last year the downward spiral when the company's share price dropped more than 65 percent. she lars lead to its performance, not matching investors expectations. tesla actually sold 1300000 cars last year that was more than ever before. but instead of 50 percent, growth sales increased by only 14 percent compared to the previous year. and that has led investors to worry that a florida and could be on the cards. in a further development washers is reporting, the tesla has a new 2nd in command with tom jew who's been leading the company's china operations being promoted to lead north american and european sales. now earlier i spoke to our correspondent you 10 lee in taipei. i began by asking her who tom ju, is on what his promotion could mean for tele tom to has been keeping

a really low profile since he joined tesla in 2014 and one chinese media olive described him, has an extremely hard working person, almost workaholic, and article even said that he flies to the you as to brief you almost every 2 weeks and reply to work messages at 3 and 4 a. m, and even slept in shanghai. st. planned during the covey locked down on bud. under his leadership. china is now a pest last 2nd largest market in the world. so i guess tesla will comes his dedication and efforts, and he is expected to probably boost the test loss revenue after a turbulent year. okay, why so he clearly an extremely hard worker and he's been in charge of china operations during a very difficult time. how do you think that experience could shape how he manages

the north american of european markets? as we can see that in china, like under sue's leadership lay ah, the shanghai mike, every bow this strongly after coven lucked out and are some sources in the car industry also said that the young highs factory performed the best. and mon tesla us other plans. so i think he is expected to are strengthened on the western market after his promot promotion. and but one thing that deserve some attention is that the working cultures cried their friend between the u. s. in china. so whether or not he can continue his management and leadership style in our western areas could be something that people to like keep watching for now you can, i'd love your personal take on this much has been made of this idea of, you know, being 2nd in command to mask, especially at a time when mosque is very distracted by his foray into twitter. how significant do

you think this move is? yeah, as you mentioned, like the timing of service promotion is widely disguised because i many people believe that are ill on mars. a focus very much on twitter. so tesla's investors are actually calling for a new c, e o and just a couple of months before. and there is a rumor that on tom 2 is actually going to take that position. but at the time, many media outlets are, were skeptical about the news. but now i think the atmosphere is changing because many people believe that our, the late is on promotion of on tom to indicate that a higher possibility of elements are being replaced. so i think this is a significant move that people can are, keep their attention on. all right,

you turn the entire page. thank you so much. tortuga, all sunny weather and new could of tax breaks have made the country an increasingly popular destination for digital nomads. but locals and cities like lisbon are less than enthusiastic about the new kind of migrant worker driving up the cost of living. not far from this memorial for explorers and colonists that left the shores of lisbon centuries ago, a hot spot for digital nomads is flourishing. the listen has a good average over the past 56 months. i've worked in madeira munich mannheim on quin canaria. cape verge. oh, and hamburg and berlin billing. and now will you now portugal, lisbon. felix is a software developer for a company in hamburg. he's an home office but without a home to many digital nomads. lisbon is a welcome stop on

a never ending tour. when we're done live, there's a community for me and i know i can meet some friends and find new ones to this place is much more interesting to me than sitting alone some way in berlin. learning reading lots of sunshine and a relatively low cost of living have made portugal and attractive place for this workforce. and now the government supports the movement. offering visas and tax breaks. wanda silver is fully on board. she's renting out 33 rooms and no matter very important why fi was important because they worked remotely. a one bedroom with a bathroom goes for $1300.00 euros, a lot of money in a country where the minimum wage is only 705 years. the normal workers are bringing money, but also problems. the housing market is heating up us of him. sketchy was always, it's getting harder for young people in portugal to find a place to live. the prices have been rising. a lot will put us my, who buy and bought sugar is far from done growing even more hosting

a vet summit in lisbon with 70000 techies in attendance. we caught up with the country's prime minister to ask how he wants to deal with the problem is if you will have to work on salaries as well as the housing market and we have to focus on young people. so they see a future here. this it's pretty wig. portugal wants to make itself ever more attractive to digital nomads, but there's a few problems. the country still has to navigate. and finally, elephants have always had celebrity status in thailand and now they're even entering the realm of online influencer. elephant owners are hoping enthusiasts while swipe right for cues, elephant videos. the countries 3000 privately owned elephants have traditionally proven and draw to tourists. but now, as some owners are hoping to attract a new online fan base, i live streaming the animals lying with balls or walking the streets. elephant

lovers can show their support by leaving a donation online. and a reminder of the top business story where falling for you this hour in israel, business leaders have warned that the country is new, right? when government policies could deal a blow to the country, it's the tech industry that wraps up our show from where you can always go to d, w dot com slash business. we're also on the adobe news youtube channel for me and the team it's good bye. thank you ah, with

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