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

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it is the side of the longest running battle in the war boats. ukraine at brush and say they determined to prevail, that nato defense ministers meeting for a 2nd day in brussels to coordinate arms supplies to ukraine. keith wants that speed of delivery could mean the difference between the victory and defeat. that's it, foam from me and the news team. i'll have an update for you at the top of the hour . don't go away. up next business with kate 1st out. first in berlin, unix down with the i was just rescuing gadhafi from a farm. this one this body globe. i found it like this and i couldn't just leave it there. i should meet. 2
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ah, this is such a great bird. it was so dirty that cleaning it, turn the entire bathroom into a mess. this is the water birds 1st as well, but one of the most beautiful moments i've ever experienced that a truth with a dog you series about our complex relationship with animals. well, i think i will live long enough to witness the end of factory farming. the great eat debate this week on d. w or with a china and iran meet invasion to strengthen economic ties. we'll get analysis on what the deepening alliance means for the global economic order. also coming up, trade data reveals, have chinese businesses are aging. the russian military,
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despite western function of norway, is planning to make the most of a treasure trove of rare are discovered on if the bed this is dw business. i'm kate ferguson. welcome iran president abraham racy is in china. 4 talks with his counterpart. she ging ping, it's the 1st visit of its kind in over 20 years on comes as both countries experienced tension with the united states. pricey is traveling with a large delegation which includes several ministers as well as his central bank chief. the 2 leaders will be fine tuning the details of a 25 years strategic cooperation agreement. as well as being iran's largest trading partner. china has big investments in the country and is a major buyer of its oil. now to find out more by this visit on the economic ties between the 2 countries. let's bring in d w correspondent, so it's on hub in taipei. so what sectors of the reigning economy is china most
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interested in kate? this time, china emphasized that it will import more iranian agricultural products and continue to cooperate with iran in building the belt and rolled project. they have also signed a number of bilateral corporation documents and tourism environmental protection, health disaster relief cultures, sports and so on. but as well as the economy relationship between iran and china, actually their relationship is largely based on the energy trade with few global buyers of iranian oil under us sanctions, making china, its largest export destination. so that's probably the most interesting item that china is looking to sign. absolutely, so a lot of evidence of deepening ties there, but most overruns economy is under un sanctions. how is china dealing with that fact? well, let's use oil as an example. although the actual volume of china iranian um,
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oil trade is not public, iran has long use malaysia as a transit point for its o export to china in recent years. and according to the u. s. and the energy information obstruction, china and militia account for 28 percent and 46 percent of iran screwed oil and condensate export destination. in 2021. china is indeed a suspense show supporter of iran's effort to bypass you essentially to stand up. it's economic lifeline. made so the 2 countries want to finalize the details of a cooperation agreement that to last 25 years. what is inside that deal? all this 25 year comprehensive corporation agreement involves 400000000 in chinese investment in iran. china will establish a free trade zone in different parts of iran, and the 2 sides will cooperate in area such as banking, telecommunications, port, railroads, global navigation systems, and 1000 of other products. however,
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they have been concerned with iran that this corporation agreement is more symbolic than real. and china only want to use it as a bargaining chip used to negotiate with iran, rival saudi arabia. so we will have to see if it will turn into a real capital for iran after this visit. all right, a complicated relationship. so some hung in type a many thanks. it's almost a year since western nations and poets sanctions aimed at reducing russia's ability to shore up it's military. but trade records reveal what actually happened this past year. chinese companies have continued and even increased their business time with moscow. data analysts say there's clear evidence that china has dramatically increased military shipments to russia since moscow invaded ukraine. a network of chinese defense companies operating directly under the state owned assets commission has been steadily supplying russia with military hardware. despite
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international sanctions, almost 2000 companies operate within the polar group network, including a defense conglomerate called poly technologies. and so what i've identified from the companies that i've been researching is actually an increase in military applicable parts that are explicitly labeled for military systems to russia. from china since the side of the war. and even for a couple months preceding war, we see about a 300 percent increase in and $171.00 system parts from power technologies to these russian defense companies. just about a month or 2 before the invasion started. and most of the shipments are actually during the war itself. many of these companies are shipping directly to russian military hardware companies, which are operating in ukraine. among the electronics and machinery parts are parts which are explicitly for military use. in october, a company called china talley aviation shipped radar parts for the s 400 andy
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aircraft system to a russian defense contractor allmers anti. that transaction was detailed in a wall street journal article based on data from c 4 ads. and between june and november, there were multiple shipments of parts for m. 171 helicopters this time poly technologies selling to woollen uday aviation plant. but because of conflict supply chains, it's not just chinese companies that are implicated and we see about 30 percent of other technology straight partners have active western ties in their shipments either exporting, importing or countries of origin. and this is really impactful because sanctions measures specifically stipulate that any entity who's trading goods or services or even financially supporting these sanction russian defense companies is potentially at risk for sanctions penalties as well. that applies even if the company isn't
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aware of the final destination of their product. and even if it wasn't a direct shipment. however, some companies, it clearly believed that the profit is worth the risk. now to some of the other global business stories making news. lufthansa has to laden grind at some flights after the company's i t systems were hit by technical difficulties. it's not known what caused the errors which have effected checking and boarding system of kinds of shares were down on the news. and in a separate development, airports and 7 major cities across germany will come to a standstill on friday at grand st. off on security workers participate in a one day strike. they're calling for a 15 percent wage height to offset inflation. travelers have been told to expect delays and cancellation twitter theo elan mosque says he's hoping to find a successor by the end of the year. he made the commons after announcing in
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december that he intended to resign from the job. most says he wants to ensure the company is financially stable before handing over the rain. the european parliament has set a deadline for saying good bye to cars, powered by fossil fuels, with a new lot bonding. their sale from 2035 policy makers say the deadline will spur investment in the you and help the block meet. it's going of becoming climate neutral by 2050. now, our correspondent band legal has been following that story. he told us why the european union has to fight it to give car makers a hard deadline. where the goal for the european union is said to protect the climate and to make come, make us move in europe. the european union says we need a clear timeline, a clear emission targets rich as 0, and also a clear technical framework. and actually it's working a major european comics that and especially in germany have already committed to
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meet a this target and to stop the production of combustion. and just by 2033 or 2000 or 35. and the you also says, european car makers have to be in the forefront of this revolution, not trailing other car make as in other parts of the world. especially chinese car makers come makers which are investing heavily in electric herb car production. and so your wants to keep up the pace in norway, the recent discovery of valuable metals and minerals prompted much excitement. the findings ended rare earth that are key components and everything from mobile phones to computer hard drives and electric cars. traditionally, europe has relied on china for such materials. now norway wants to get in on the game with a deep sea mining gee to start next year. but not everyone approves of the plans.
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a front end loader tips 25 tons of rock into this dump truck in all him in western norway. since 1948 olivine has been mined. here the mineral is rich and magnesium and important for the production of steel. among other things, norway now wants to mind the countries many other natural resources. for libya, it convey least we don't have a big industry yet, but we have many deposits. probably the largest deposits from metals and rare earth in europe. these are building blocks that are important for the green transition of industry, also via hilt, orvin ya, of either get on the shifter. currently, china is dominating the market for rare earth. europe does not want to be reliant on china any more, and has been ramping up its search for domestic resources. titanium you dinner folly. but in motive, it's dangerous that china has a quasi monopoly on the production of some raw materials. and it has used these to monopolize entire supply chains, shita. but if norway wants to mind more raw materials at home,
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this will lead to conflicts with locals. for years, residents of no stall had been fighting a major mining project on fed a fjord. all, it's all good. well done. good for shakita. we oppose this project because they want to cut off the top of anger, ben, mountain and plan to dump 250000000 tons of mining, sludge chemicals. heavy metals and micro plastics come straight into one of the regions most fish rich fjords. if you would have nordic mining has now received approval to start mining the raw materials on the fjord in 2024 or your whole federal. i hope that politicians and others understand that we both in norway and in the nordic countries, must help provide important minerals for europe and the rest of the world. we cannot wait for 3rd world countries, new provide us more, all the mineral supplies that we need. i also opened fed device troubleshoot no small to the minute. all new thing in europe wants to free itself from its
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dependency on the world market and increasingly mine its own raw materials. the green revolution is still seeing this classic conflict between the environment and industry. and finally, a danish museum is using new mash over us technology to bring of visitors face to face with history. this bronze age girls body was fined by a former a century ago. at the time, archaeologists uncovered her hair, skin, nails, and clothes, all of which have now been used as high clues to try to recreate who she was in a virtual space. it's the 1st time technology has been used to create an avatar of a house. dark will find museum operators are hoping to bring her to a virtual reality setting. demira, hitler, p. and a reminder of the top is a story where following for you, this hour,
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china and iran are holding talks aimed at the strengthening economic ties. the meeting is the 1st of its kind in over 20 years. that takes place against a backdrop of growing g of difficult tension. that felt for me from one to check. i did of the dot com flash business. where on the beat up in use youtube channel as well for me on the team here in berlin. if i am sick with a children of war, they are helpless victims and sometimes little heroes. 2 thirds of all ukrainian children are on the run. mm. how do they experience the world?
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will it ever feel safe to them again? ukraine's youngest victims close up. mm. next on d, w a fight scoring. we say they were about giving up sports life every weekend on d w. o .

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