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tv   Business - News  Deutsche Welle  February 8, 2023 11:15am-11:31am CET

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is a reminder of our top story for you into national teams are joining turkish crews working to reach survivors of a devastating series of earthquakes. it's mostly bodies now being pulled from the rubble, the confirmed death toll in turkey, and syria is climbed till the 9000 we have time for business is up next with chris cobra. i'm any kids in the can, and i'll be back that up the out with morning national at 9. 43. someone else do the hard work? t v highlights. it's selected for you. you every week in your inbox. subscribe now with johns and dodge to searches for the truth again.
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this time of the exiled turkish journalist meets svetlana tihano sky, exiled leader of the opposition and bella reuss. mm hm. of course i'm tied and tied . physically untied, morally. is too much on my shoulders, but i have to hold this weight because i'm responsible for the future fall country for the people who are behind the boss. gardens of truth starts february 18th on d, w. and i ah, a pledge on transparency short on specifics. germany's economy minister, et cetera, returned from washington after talks about a package of us subsidies that has european leaders worry. we'll ask an expert what this trip she also coming on by to joins the chat and bought friends even get
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more from our correspondents on the ai plans of china's biggest online search engine addresses located of ukraine's ports, forced to send its grain by lamb, but little of it is ending up in africa. i'm chris coldwell, welcome to the program. germany's car industry is warning against what it calls a spiral of protectionism. this comes as german economists, 3rd robot, hobbit wrapped up a 3 day trip to washington, where he met with secretary of state anthony lincoln and other using fissions to discuss concerns your p inflation reduction act. and now the law provides $370000000000.00 in green manufacturing centers to companies located in the united states. all of the hobbit gave if you specifics, as he spoke to journalists alongside his french count of barbara lemaire,
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but he said the europeans and the u. s sides agreed on a number of fundamental issues. and also the understanding is mutual that we meet the economic security that we have to overcome the dependency on raw material, critical minerals, and also some green products. and therefore, we have to create our own industrial standards and serenity. so this is a mutual interests of europe and the u. s. and to make this mutual interest becoming a strong partnership, we need to solve some problems with milla has mentioned some concrete items. the idea behind it is that a strong green industrial market in the u. s. and a strong green industrial market in europe will help each other that we boot to green bridge over the atlantic and help each other. because the goal is the same.
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fighting global warming and creating a new industrial resilience and industrial independence in a way the german economy, sir, but how they speaking there for more on that a visit to washington. i'm not joined by battles bart managing director of the german economic institute. a welcome to d w. so both sides agreed on full transparency about this years. so the subsidies is that the best deal that the 2 ministers from europe were able to get i think it was not plausible or not, not the possibility of change the place redox back there with that visit. it had been long debated in the us to go to a very, very painful process of finding the compromise. so it wasn't possible to open up that that legislation again. but there was a lot to do on and many, many option on implementing the
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a that could have the european to sort of see and then have the us at the problem market. so that could have been more that could be more than a parent the but some currency, of course, that the baseline from or kind of negotiations and weight. let's talk about it. then your leaders are quite concerned that this massive subsidies program, the inflation reduction act, could cause green tech companies to relocate away from the european union to the united states. what would be the problem if they did that and whatever they produce would be imported back to europe, where the top to be in the us are paid for. if things are bought in the us and produced in the us. so it's probably not for exporting to europe, but of course it is a way to bid up production potential in the us. and then when this could be useful for the word market. so why would it be a good idea to import,
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think about in the cheaper to europe. yes, of course, for some product that would be a good way. but if we want to be part of the production line and if you want to be a reason where these important future technologies are produced and marketed, unity stops and so on can be located. then it's important that we have the u. s. s . the biggest international free market. i'm open for producers. not response to the i r i d e o wants to streamline decision making. relax state aid rules that are going to be enough. the green, the, you need us to plan the, the month of the european commission has a focus on skills on subsidies as well. they're talking about the european front. it's not, not very precise yet what they really want. i think our big opportunities are,
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if we are, if you're innovative enough, if we have the key personnel and, and that's a big, strong crime off, especially germany in the past, if we can become quicker. and that's also part of. so the regulatory framework is also part of the european initiative. we might be in a clear perspective for those industries, you must be quicker in infrastructure and planning and regulation and all that in $11.00 of the problems we face right now. and they have maybe more important than more critical for european and especially germany manufacturing. it then they are a, it that they the high energy prices and the main reason for location right now. one brief answer if you could, in the state of the union arrest the years president double down on his plan of rebuilding the economy. he said by american, what will that mean for trans atlantic trade?
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where it's good if this is growing economy in the us. but if they've been made clear that the protection isn't that the us protect protection isn't if there is, there are also a democratic leader and would probably be there for the next couple of years. and so negotiations on that on, on making, making it less painful for us is very important about as part managing director of the german economic institute. thank you. thank you. and out to some of the other global business stories making news. the german government has initiated a review of the sale of a regional airport and raylon's ballantine tonight to russian billionaire, victor or car on tina on the business. man, i've signed a deal to buy the bankrupt frankfurt on airport while the billionaire is not on your sanctions list. have strong links to the russian leader. recruit microsoft as it's integrating the artificial intelligence powered chat,
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g p t. jeff bought into search engine being and web browser edge. this comes after google and by do both announce their own checkbook efforts. shares and chinese search engine by research on tuesday after i reveal the details of it's a driven assistant to be named ernie bought that. good morning this from the w correspondent, usually in time pe you chin. what does this re opening look like? are things back to normal as the complete opposite to the 0 cove it era, there is no more quarantine, health, close and peace. your task and people can finally go home after 2 years and many are embracing a new normal as the medic trip surge rapidly during the new year as people can see during the holidays and business at a tourist spots are especially excited about this re opening. but i have to say is
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still far from the original situation because the impact of the previous trig restrictions is still there during that period. shops and restaurants were closed for sorry, world the wrong tape there. we apologize about freeing up great exports from ukraine to go to countries where they're badly needed. that's where the goal of a united nations both broker deal between moscow and keys. after russia's invasion of its neighbor had stopped, eagerly awaited shipments. meanwhile, some of the exports to countries like the o p, a yemen or bangladesh have been resumed. but a lot of ukrainian grain is staying on the european market, causing prices to plummet. hot rod blocks at the polish ukrainian border, farmers and poland are struggling. rushes war has limited ukrainian grain exports by sea. so it's been traveling by land instead saturating the polish market.
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little diluted dr. jenkins a little, we're protesting against the uncontrolled wheat imports. we literally over, flooded with euclidean went here, polish grain, silos are full. the wheat has to be aired so that it doesn't mould. this facility is doing grain with a market value of around 57000 euros. before the war. the silos would have been empty. now polish traders would rather buy ukrainian grain, which is cheaper and polish farmers a left empty 100 sitting on the harvests. forgot not to my other problem if we have financial problems because of no revenue. and will need to buy fertilizer in pesticide and pains domains for new machines or to repair old ones were hardly any of the grain transported violent into the u. makes it to ukraine's traditional markets in africa. it remains in the block. and that's what's called prices to plummet, especially in easton, you countries. meanwhile,
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the russian military has been targeting grain silos in east and ukraine, according to the ukraine and swedish firm green alliance. as a result, warehouses have been destroyed and entire fields have gone to waste. in eastern g, u member slovakia, grain alliance manager to he messiah has a loading station for grain exports. in the past, his grain was exported to africa. vi ukrainian black see ports. now the route isn't reliable, so he's selling to e u. countries instead of the problem is russia or controllers in the bus for a region does not make so many of a lot to go into your brain. last week. it was only night in the rest of hello read a couple months before or before the war. we could have done the system and the hey, there was a for we the land root vice la back here, and poland is the best option. but polish farmers one to stop that knowledge
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o a solution could be that ukraine and grain heads on by a corridor without remaining in poland or the e u. but being sent on directly to other import countries. from when i was, look, i looked a lot, but the e u. ports on the northern bolt exceeds are insufficient for that. and there aren't enough storage facilities for ukrainian grain, much like here in gdansk. so e, u markets are facing increasing pressure as a result of the war in ukraine. travelers dependent companies are reporting spikes and sales and profits a signed our tourism is recovering as global cove at 19 protocols. ease sales for trips on luxury cruise line on core royal caribbean. hash up 165 percent higher than free. pandemic levels. shares for car rental company hurts rose after posting 4th quarter earnings, which beat expectations. and here's
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a liver. look at our top story of the sour. germany's economy minister robot hobbit is center turned from washington after talks about a package of u. s. subsidies that has european leaders worried of the inflation production act provides $370000000000.00 degrees manufacturing incentives to companies located in the united states. and that wraps up are shown for more checkout website at d. w dot com slash is over in berlin. thanks for watching. have a successful oh, the lifestyle of the super rich is a nightmare for the climate. the wealthy produce way more than their fair share of c o 2. while ordinary people bear the consequences, could a c,
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o 2 cap and trade program for individuals help we investigate climate change and the rich close up. next on d, w a i, she's got easiest thoughts, they will grade, he will be able, the child picked to fill out a campus, publishing houses in whole 3, a divide dooley and backhouse is headed to frankfort with a staff member. they're traveling by private jet.

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