Skip to main content

tv   Business - News  Deutsche Welle  January 30, 2023 2:45pm-3:01pm CET

2:45 pm
germany's automakers, the alter like metal is key to making batteries for electric vehicles during a trip to south america. just all of shawls has been trying to secure, better access to the material. cross over and berlin, welcome to the program. less technology for china, less fewer chips for beijing, the netherlands and japan join hands with the united states and implementing some controls on their exports to china. the agreement reported by the associated press so far would see companies advance. chip makers, like dutch s m l, and japanese in econ limit their exports. the agreement follows the u. s. s. decision in october last year to impose strict controls on the sale of semiconductors and the machines used to make them to china. right, let's get more of this from frazier. how we, china, analyst and book author. welcome back to the problem frasier. should these plans come to fruition? they haven't been confirmed yet?
2:46 pm
how much of a damper would they be to china's tech ambitions? well, it's only going to be a damper, it's m l, but they built machines that makes the chips and indeed make this almost the most advanced technology to make the smallest chips that's very important for all the big chip manufacturer. so china being restricted access to that will certainly slow things down. as you know, china has for many years for billions of dollars into the chip, saying they're trying to catch up with japan in the way. and the reality is they have failed largely. and so this is clearly going to do things slow things down. the question is more than intended consequences off it bite is clearly so continued the trade war with china and i'm much more sophisticated way, but it's not clear what the end goal actually will be. here. i comes at least will be frasier. it is japan and the netherlands that are reportedly teaming up with us here against china. do you see a bigger alliance for me?
2:47 pm
i, well, i think you have a lot of countries which are broadly, you know, under the title of the west. but obviously japan and south korea falls under that broad liberal democracy. westerns of mine said as well, even though they're not technically in europe or america. but yes, you have a lot of countries have been big trade partners with china. you're not pushing back the see, china is certainly a competitor and somebody is certainly a threat. and the chinese language or, and john towards japan recently has been very belligerent. so there certainly, i don't know if it's an aligns forming, but there are certainly many countries, liberal democracies are coming together and pushing back on china and very much changing the china engagement policy. and speaking of consequences and china has responded angrily, is saying, trade curves will disrupt supply chains. and the global economic recovery does vision have a point here the do to some extent, but of course they're going to get all angry, upset. but the trouble is, china has very few cards to good cards to play here. so much of this manufacturing
2:48 pm
can ultimately move elsewhere. and china remains when it's high take to largely in assembler using foreign produce products. so it will be very concerned that it's going to be cut off from the listed funds products. china analyst frasier, how thank you for your thoughts. thank and now to some of the other global business stories making news around the world. stock of indian adonis group led by age as riches man. galton mcdonny continued to follow monday and share this long to $65000000000.00 in the last 3 days after the u . s. based, short selling firm said it was pending against the group and accused of fraud and stock manipulation. china us a smart phone sales fell to a record low and 2022 falling, 13 percent in the last decade. according to data from research companies, expert se coded controls and supply chain issues are to blame. 286000000 devices
2:49 pm
worshipped last year. japanese car maker, toyota retained its title as the world's top selling vehicle maker for the 3rd year and wrote the company and its subsidiaries combined. sold 10500000 vehicle. last year. germany is volkswagen again placed 2nd the german economy shrank in the 4th quarter or last year down 0.2 percent from the previous quarter. that is, according to the federal statistics office. over all europe. largest economy grew by 1.8 percent last year. despite elevated inflation and high energy price, securing better access to much sought after raw materials and improving trade relations as a whole. that's the mission that german chance all of shawls has been on during his trip to argentina and chile and brazil,
2:50 pm
which is visiting today. germany is all the industry needs to secure more lithium, which is a key metal and batteries for electric vehicles, argentina until a whole. the world's largest lithium deposits together with chillies president bush . mister shells, find a commodity partnership yesterday. but mining the material which many of us key in transitioning to green economy doesn't come with our challenges. as our report from argentina shows, ah, for generations earnestina has processed the lamb of will. and this knowledge she has passed on to her daughter maria. her handiwork delights tourists, but these women are varied for the future. now to look out, we have no water in the mountains and i have to walk all the way up to find some. rain has always been red here in the far north, west of argentina. climate change is making it was when the ground water level
2:51 pm
drops, the ecosystem is in great danger. indigenous people from all across the region have come to protest. they want to hear from environmental activists and lawyers to understand their rights. lithium, the raw material that argentina wants to continue mining is in great demand in germany where the electric, our market is booming. nobody will sell after it can't be that every us american has a tesla or every european can replace their b, m, w. this exhausted the planet and there's not enough lithium for this any way around . nature cannot be sacrificed for the energy transition of the global north at o. that is, you know, the regions, salt lake contain lithium. it takes millions of gallons of fresh water and salt water to extract lithium. and while mining company is consider this water extraction, to be harmless. studies show that this could ultimately lower ground water levels.
2:52 pm
germany is looking for partners in the climate and energy crisis, but argentina isn't an equal partner because of its ongoing financial crisis. some fear the cash strapped country will sell out for foreign cash. now in the us goes big industry will come. if argentina generously opens the gates, there is no strategic question here. no awareness, this is very, very angry with them together. they want to set an example. maria as to a balloon, should float in the sky with her message. the protect the water. it says the whole world will see that we are many working together with sun, the balloon rise to the sky. the message is about more than environmental protection . it's about social justice, they all want a word to be safer and ecologically secure,
2:53 pm
but they also want to preserve the existing environment from exploitation. a short while ago i spoke to a lifelong, her mom, economists that the keel institute for the world economy, specializing in international trade and emerging markets. and i asked him how important this lithium mining deal is that germany and chile signed over the weekend while over a long term, it will be terribly important because let in america, especially chile and also over that in american countries, have a large disposal of, of lithium and also other green metals in total, of course trade relations between the free countries are very meager. they used to be much better. but latin america, of course, has fallen behind as a trading partner for europe and also for germany. and that means of course, with new fields have been explored, and of course these are your new bill energies and especially with the green metals
2:54 pm
. now let's take a look at the partnership with south american on countries. a german government official say, in contrast to china, for example, germany is offering a sustainable relationship on an equal footing to these resource rich countries. how much are these countries interested in a relationship like that? well, so far you has been the largest trading partner and also investment partners for the free countries. so b, u is a very important market both as a sourcing market for technology and of course also as an export market. on the other hand, of course, china is the main competitor to use its own interest in getting access to resources, basically also the same resources, germany and he was looking for. but of course it equal footing that's difficult. we know from experience of a bricks bank and which brazil and china part that of course,
2:55 pm
china is the dominant partner. and there has been much of course lost in attractiveness after the problem of highly indebtedness of many developing countries against china. and of course, this gives you a chance to strengthen its position as a main trading and investment partner. as the final stop on his tour, the german chancellor is visiting brazil where he is to meet president lunar the silver head of this meeting. mister schultz has called for a fresh impetus to talks between you and the mattress or south american trade block leaders in the region of blamed european protectionism for holding up the deal. do you see any chance of a breakthrough? well, this is a very, very, has a long history. of course, the agreement has been negotiated for decades and you'll see ation stopped in 2019. so i think this is high time to revitalize
2:56 pm
this agreement. of course, it would be the 1st agreement which you would conclude with another regional integration scheme. this makes this scheme of this agreement very, very important. on the other hand, of course, a lot of barriers, especially with respect to the sustainability issue, to the deforestation of the rain forest. now after both, now of course the situation has improved with lula. but on the other hand, brazil is very much divided country politically, and the question is whether arguments and of course also commitments which have been labeled in the agreement of course will be implemented. implementation and enforcement is a major problem in brazil. of line are of the kill institute for the world economy . thank you for your thoughts. oh, my pleasure. and here's a look at our top story at this hour. the netherlands and japan are reportedly
2:57 pm
joining the u. s. and implementing export curbs and semiconductors to china under the agreement reported by the associated press advanced chip makers like dutch is a male and japanese nic on will limit their exports to move follows the u. s. decision in october last year to impose strict controls on the sale of chips and the machines to make them to china. that's i show, thanks for watching. with, [000:00:00;00]
2:58 pm
with a joy ride through fascinating worlds, into uncharted deb our guides and know their way around a strictly scientific trip to some pretty wacky places. curiosity is required to borrow today 90 minutes on d. w. ah, every journey is full of surprises. we've got all out
2:59 pm
one day in generally the foot of the race resolved. i'm in your northernmost count, the police ah 3 times long, but still very much alive. dw channels, your guy to the special with recognizes where exactly. it was fun and i learned a lot our culture history, all their d. w, travel extremely worth a visit. ah leo, nar, davinci, mysterious masterpiece is perhaps the greatest leonardo masterpiece in the collection of the louvre. and no, it is not the mona lisa. it is the virgin of the rocks, 2 versions, multiple copies, and
3:00 pm
a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand? the search for answers starts february 10th on d, w ah ah, this is d w. news live from berlin, an explosion at a mosque and pakistan kills more than 30 people and wounds over a 100. many of the victims of police officers gathering for noon prayers and the

22 Views

info Stream Only

Uploaded by TV Archive on