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tv   Business - News  Deutsche Welle  February 9, 2023 7:15am-7:31am CET

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this is dw news, just reminder of the top story we're following for you. this our growing criticism of the official response to the earthquakes which had killed thousands in turkey and syria. turkey's presence seized the destruction for himself and admit there were failings on the day of the disaster. of next it's business with stephen beardsley. i'm terry martin for me and all of us here at the w. thanks for watch with mine is with getting ahead using tech
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as our documentary series of thunder valley. it's africa to meet the founders empowering their continent through digital innovation to transform work in health and living conditions in their country and inspiring world with their ideas. founded valley africa started february 13 on d w. ah, i'm stephen beardsley in berlin. here's a look at our top stories. a french german delegation returns from washington empty hand after sharing its concerns over the u. s. is massive new climate investment package. brazil in columbia carry out raids against illegal gold mining the amas on
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regions. can they keep the scourge from coming back? welcome to our show. a high level french german delegation was on its way back from washington after its appeals for u. s. policy makers to soften the blow of a new climate law there produced no concrete results. german economy minister robert hubbard later said he sensed great willingness from the u. s. to engage with you concerns. the europeans fear the u. s. is new inflation reduction act will distort the trans atlantic market with its $370000000000.00 and subsidies aimed at companies producing in the us or from countries with a free trade agreement with the country. or chris yonder is a faction leader in the german parliament and was part of that u. s. visit. he spoke to my colleague michelle a curve now about his impressions. so the german and french trade ministers were here and we heard a state of the union speech that sounded very america fast or these tough times for
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europe to get some kind of compromise in the american. i mean that's where we are here as germans. the road hike was here. i'm here yesterday and today and we need more talks, i guess, because i think we should tighten our balance really because so we're already tied together with the nato alliance and we have both economic goals on both sides of the atlantics and a thing we should more talk about free trade and even a trade union in the future. so where will the resolution of this tension of the ira be more in washington or more in brussels? does it? you have to do more homework that you has to do more homework. we have to do homework talking about our marriage here funding. i mean, we'd pass this 100000000000 euro a special fund for the german military for the german bundeswehr. and also we have to take care of our infrastructure of our energy policy in the future. but i think we also have to tie our bonds on a common trade issues on free trade issues as well as we have the same strategic rivals of the world. talking about russia and talking about china. her center,
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parliamentary pasadena, of the free democrats in germany. thank you. read a german view of the e u. u. s. trade relationship there, and commons by u. s. present jo, by the last night. let's get a better understanding from the american side. and for that i'm joined by david gans. he's a professor in trade and international economics at rice university's baker institute. david, welcome to the show. i want to touch on this idea of free trade just a moment. but 1st, here in germany, there's a lot of attention on this inflation reduction act. and it's potential to warp investment in europe. what's the sense there in the us? how much concern among policy makers is there for a while. thanks for inviting me in terms of the so called inflation reduction act, i think probably the germans, german concerned is mostly on the subsidies for electric vehicles and electric vehicle batteries which are limited to north america and 2 countries with which the
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u. s. has a free trade agreement, which does not include the e u. so the concerns here, i think, are basically the parties are united on the basic by the administration proposals. the legislation, which is by american invest american employ american workers. and though there are obviously some who are concerned with broader u. s. e u relations. i think there's a great deal of bipartisan support for making the transition to electric vehicles produce as many jobs in the us, or at least in north america as possible. there was some surprise here that biden carried on some aspects of that protectionism that we saw during the trump administration. would you expect that that kind of by 1st produced 1st in america that, that kind of policy idea will continue in the future? is there bipartisan support for this now and going forward?
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first of all, there should the been any says any surprise that mr. barton was carrying on these policies because a significant chunk of the democratic party has been advocating it for years and years and years. and as to the future, i don't see any reasonable option where whoever becomes president say in 2025 is going to have policies that are much different from what you heard last night. it's a, it's a fairly broad bipartisan support. and i don't see anyone out there either on the republican or the democratic side who is likely to come in and try to convince congress that it would be good to relax if i could see changes around the edges. but not major changes. we just heard a german parliamentarian mentioned this idea of free trade. a free trade agreement always bandied about between both sides, but never really taken traction. is that? is that just a pipe dream at this point? well, most of you, your, your readers, listeners know, there is a trust,
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trans atlantic trade and investment partnership. they go see asians which went on under the above of a distraction for 2 or 3 years. and then peter out, i think the issues that arise and trying to do a full blown free trade agreement with you and the u. s. are very difficult even if the current administration was interested in free trade agreements, which it isn't there. there's some explanation, exploration of a and f d, a like for one of the better word, the kind of thing we're doing in the asia pacific and in awe in latin america. but it's not at all clear that that would satisfy the requirements of the statute. all right, that's david gans with rice universities. baker institute, we appreciate your time. my pleasure. and we go now to some of the other global business stories making headlines. you k regulator, say microsoft $70000000000.00 plan to buy video game company activision blizzard will stifle competition. her consumers the purchase hasn't been barred,
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but watch dog se microsoft must work to address antitrust concerns. if successful, the deal will be the largest in the history of the tech industry. initial figures show volkswagen posted a pre tax profit of $22.00 and a half 1000000000 euros last year. that's an increase of more than 12 percent year on year. despite the world's number 2 automaker rolling out, fewer cars are actually due to supply chain problems. v w will publish full results next month. domestic air travel, excuse me. air traffic in france has increased by almost 25 percent in recent years . that's according to the countries airport association. in 2021, france became the 1st european country to band short hall flights, provided that trains can reach the destination within 2 and a half hours. but many train journeys are still longer, often requiring transfer in paris. microsoft says it's integrating the artificial intelligence power chat, g p t chat bought into search engine being and web browser edge. this comes after
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google and by do both announced their own chapel efforts. shares and chinese search engine by do search on tuesday after reveal details of its a i driven assistant to be named ernie bots over to south america, brazil and columbia have carried out new operations in the amazon region to clear out a legal gold mining. now the practice is a scourge, bad for the environment as well as indigenous groups. but kicking it out and keeping it out are easy. she describes the illegal mining in the m a miami territory as endless, but promise to support brazil's minister of indigenous people. sonia grey o'hara visited the vulnerable indigenous tribe on tuesday to see the rescue of patients that continue to arrive at health centers. the health of the indigenous people as declined in recent years because of illegal mining, which occupies fertile land, poisons rivers, and destroys water sources. notice that all the formidable, the territory has all been occupied by a legal miners, magnet. there is
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a lot of destruction and water pollution. they add, well yeah, no mommy, people have no drinking water. cynical, they beg to us, it isn't. they want to clean now water. they want water to drink. what rabid be the federal police and army are now in the area to protect the local bases for indigenous affairs, and to remove the gold miners and the protected territories. most of the estimated $15000.00 illegal miners are already fling due to the police presence. at the end of last week, security forces in columbia were also able to spot several illegal gold mines in the jungle below. destroying the machinery used to extract gold. the operation is both a blow to a legal mining on a strike at armed groups. the profit from illicit mines in this conflict ridden country, but a legal mining for gold does not just provide resources for armed groups. marielli
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satisfies that i care to carry out a legal extraction on a mining sizes and they cause massive damage to nature. they severely contaminate water sources with the discharge of the mercury that allows me to collect the gold audio. i get the maximum use of it had a lot of it's, i got in my come up what i tell me in plain. but although this operation was successful with many, bulldozers destroyed the remains a lot of skepticism, whether the fight against illegal mining is sustainable. this horrible moment. there isn't a lot of it with you to carry out illegal extraction on the mining size. they cause massive damage to nature. a, they severely contaminate water sources with the discharge of the mercury that allows them to collect the gold and get the maximum use of ash. and i mean, the last leg on economies that goes into civil police permit than i mean the left on what is it that homeless island, columbia began operations against this kind of illegal mining in 2012? since then, authorities say they destroyed more than $800.00 uses of machinery. president,
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gustavo petro has vowed to continue the operations against a legal mining of gold, platinum, silver, and other minerals, as long as the protagonists of this predatory activity continued to destroy the environment. and finally, what started as a side hostile in a small brooklyn apartment has become a successful bakery of sorts, selling miniature croissant breakfast cereal. get this customers line up half an hour before the bakery opens. in hope of napping. one of the tin mini croissant serial boxes available each day. each one contains 250, many croissants, and costs. $50.00. after being shaped, the diminutive croissants are d. hydrated rolled in cinnamon and sugar and baked fresh their crunching milk and worth every penny new yorkers say, or at least the ones who can afford to pay $50.00 for a box of cereal. here's a reminder,
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a top business story. a fresh german delegation returns empty hand, and after seeking washington's help to ease the burden of the u. s. his massive new climate investment package, european sphere, the u. s. is new inflation reduction act will distort the trans atlantic market with its $370000000000.00 in subsidies. great, that's it for our show. as always, you find out more online dot com slash business. check us out on youtube to where at d. w. news with d. w channel x washer. in these glasses could take the world by storm, by making distinct communication, feel more natural and giggles. founders are convinced they're developing the technology requires a for a, our glasses to get their break through is the germans start up one step ahead of
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the i t giant. made in germany next on dw, ah, lunch in times of mo. oh, in ukraine people are getting married molden as the soon in view of the existential threats. marriage promises a modicum of safety. that for many relationships more in flies are difficult. tests focus on europe. ah, in 60 minutes on d. w. oh, hello guys. this is the 77 percent. the platform for
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africa's youth to defeat is used. i, you know, or this channel. we are not afraid to happen. delicate tub africans population is growing fast. and young people clearly have the solution. that future belongs to you is 77 percent every weekend on the w ah ah ah, the fight against climate change is a complicated one. everyone agrees we need to reduce our reliance on.

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