tv Business - News Deutsche Welle February 8, 2023 3:45pm-4:01pm CET
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also coming on by to joins the chat, bought friends, eve will get more from our correspondents on the ai plans of china's biggest online search engine address, as located of ukraine's ports forest to send his brain by land. but little of it is ending up in africa and chris kolber, welcome to the program. germany's car industry is warning against what it calls a spiral of protectionism. this comes as german economists, sir robert hobbin, wrapped up a 3 day trip to washington, where he met with secretary of state anthony blinkin and other u as efficient to discuss concerns your p inflation reduction act in. now, the law provides $370000000000.00 in marine 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 counter, 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 materials, critical minerals, and also some green products. 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. fighting global warming and creating a new industrial resilience and industrial independence in a way to germany economy or but how they speaking there for more on that visit to washington. i'm not joined by that was bart managing director of the german economic institute. a welcome to d w. so both sides agreed on full transparency about the us sub the
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subsidies that the best deal that the 2 ministers from europe were able to get. i think it was not plausible or not, not possible to change the face reduction back 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 a that could have the european to sort of see and then have the us at the problem market. so that wouldn't be more that would be more than to turn the but some currency, of course, that the baseline from, or kind of negotiation and weight. let's talk about it. then your leaders are quite concerned that this massive subsidies program, the inflation reduction act,
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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. the subsidies 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 could be useful for the word market. so why would it, wouldn't it be a good idea to import, 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 market unity stops and so on can be located. then it's important that we have the us, the biggest international free market. i'm open for producers, not
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a 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 greenbean industrial plan, the, the aunt of the european commission has a focus on skills on subsidies as bad as talking about european front. it's not, not very precise yet what they really want. i think our big opportunities are, if you are, if you're innovative enough, if we have this career personnel and, and that the big, strong crimes off, especially germany in the past. if we can become quick on that. also, part of the regulatory framework is also part of the european initiative. we might be in a clear perspective for those industries, you might be quicker in infrastructure and planning and regulation and all that and
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run one of the progress through faith right now. and. and there may be more important than more critical for european and especially germany manufacturing it then the r a is that the high energy prices and the main reason for the location right now. one brief answer, if you could, in the state of the union arrest the years further than double down on his plan of rebuilding the economy. he said by american, what will that mean for trans atlantic trade? where it's good if this is growing economy in the us, but it have been made clear that the protection isn't that the us person 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
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the german economic institute. thank you. thank you. and out of some of the other business stories making news around the world. the german government has initiated a review of the sale of a regional airport in the south west of the country to russian billionaire, victor curry, tonin, the business men had signed a deal to buy the bankrupt frankfurt, hit hon airport while the billionaire is not on the sanctions list, he has strong links to russian leader that microsoft is integrating. the artificial intelligence powered chat, g p t chat bought into its search engine being and web browser edge. this comes after google and by do both announced their own chat, thought efforts. chairs and chinese search engine by do, surged on tuesday after reveal details of it's a i driven assistant named ernie bought. for more let's crossover to
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taipei and dw correspondent, you chin lee. you to an after chat g p t became wildly popular and google announced it would also launch its own chat. but service. why is by do joining such a frenzy it's more likely away provider to prove that it has the ability to create task j, v t like product. and it want to prove that it's not lagging behind other us based competitors. and for those who don't know by do a search engine in china and in cleveland, of google, and he has invested a lot in a i for over the past few years. so on this early by, on also like we call it like when the c, e and in chinese, it's not a win because it actually stems from our language model originated from like
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2018. so on to join this raise, i think by do in is ready to buy or come compete in this fierce battle. a huge in china has a strict censorship system to control the content. it's people can access on the web with this in mind. what, what this chinese style of chair to g p t this early bought of by to look like as we know, charge a b t can enters people's questions and have a conversation with them. but with furniture in place, china chat, chat box will have limit his content to deliver because he has to avoid the content that is considered politically sensitive and probably discouraged by the chinese government. and there is some very interesting discussion on waco like some
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users. 00 a kind really you charge me to in china, but they have found some ways to, you know, try it. and they made comments that they think chat g b t content is a little bit biased and pro america. they think china really should have its own chat box. so with all these factors, i think the are the bod, would look very different from other us made in the us check box, freeing up green exports from ukraine to go to countries where they are badly needed. that's been the goal of a united nations broker deal between moscow and keith f. the russia's invasion of its neighbor had stopped eagerly await shipments. meanwhile, some of the exports to countries like if you yemen and bangladesh have been resumed . but a lot of ukrainian grain is staying on the european market, causing prices to plummet. roadblocks at the polish ukrainian border,
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farmers and poland are struggling. russia's war has limited ukrainian grain exports by sea. so it's been traveling by land instead saturating the polish market. little de la, dr. julia comes along, we're protesting against the uncontrolled wheat imports were literally over, flooded with ukrainian weight. 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. these islands would have been empty. now polish traders would rather buy ukrainian grain, which is cheaper. 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 at eastern e u countries. meanwhile, the russian military has been targeting grain silos in easton, ukraine,
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according to the ukraine and swedish firm grain alliance as a result. warehouses have been destroyed and entire fields have gone to waste. in eastern e 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. vie ukraine, black see ports. now the root is unreliable, so he's selling to e u countries. instead, the problem is russia or controllers in the bus for aggression does not make so many. right? so, a low, you go into your brain last week. it was only night in the west of hello reza, in the couple months before or before the war. we could have done it, them and be hey, there was so for we the land root bias, lubbock 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 kind of the fellow. but the e u. ports on the north and 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. and or that wraps up our shoulder for more check out our website at d. w dot com slash was over in berlin. thanks for watching. a very successful ah, with
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