and how norway is planning to make the most of a treasure trove of rare, are discovered on 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 and comes as both countries experienced tension with the united states. bracey 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 year strategic co operation agreement. as well as being iran's largest trading partner. china has big investments in the country and is a major buyer of oil. now to find out more about this visit and the economic ties between the 2 countries, let's bring in dw correspondent, so it's on hand in taipei. so what sectors of the iranian economy is china? most interested in kate are 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 is largest export destination . so that's probably the most interesting item that china is look at this time. absolutely. so a lot of evidence of deepening ties there, but most overruns economy is under us sanctions. how is china dealing with that fact? well, let's use oil as an example. although the actual volume of china iranian um, oil trade is not public, iran has long use malaysia as

a transit point for its oil export to china in recent years. and according to the u . s. m. energy information, obstruction, china and militia account for 28 percent and 46 percent of the ross, crude oil and condensate export destination in 2021. china is indeed a sustained show supporter of iran's effort to bypass you a sanctions to stand up. it's economic life lie now until 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 cooperation agreement involves 400000000000 in chinese investment in ron china will establish a free trade songs in different parts of iran and the 2 sides will cooperate in areas such as banking, telecommunications, ports, railroads, global navigation systems, and 1000 of other products, however, they happen concerns within iran that this corporation agreement is more symbolic

than real. and china only want to use it as the bargaining chip used to negotiate with iran's rival saudi arabia. so we will have to see if it will turn into a real capital for iran apt to this visit. i'll write a complicated relationship. so don't hang in taipei many thanks. it's almost a year since western nations imposed sanctions aimed at reducing rushes ability to shore up its military. but trade records reveal what's actually happened this past year. chinese companies have continued and even increased their business ties 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 international sanctions. almost 2000 companies operate within the poly 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 start 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 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 complex supply chains, it's not just chinese companies that are implicated and we see about 30 percent analogy 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 aware of the final destination of their product. and even if it wasn't

a direct shipment. however, some companies clearly believe 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 tons 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 hike to offset inflation. travers have been told to expect delays and cancellation twitter theo ellen musk says he's hoping to find a successor by the end of the year. he made the comments after announcing in december that he intended to resign from the job. most says he wants to ensure the

company is financially stable before handling 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 20. 35 policy makers said the deadline will spur investment in the you and help the block meet its goal of becoming climate neutral by 2050. now our correspondent band league 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 and especially in germany have already committed to meet a this target and to stop the production of combustion and jones 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 and 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 high 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 a front end loader tips 25 tons of rock into this dumptruck in all him in western

norway. since 1948 olivine has been mind 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, only 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, aven 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 dinner folly within 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 issues. but if norway wants to mind more raw materials at home, this will lead to conflict with locals. for years,

residents of now stall have been fighting a major mining project on fed a fjord. all you will die group project that we oppose this project because they want to cut off the top of anger, mountain and plan to dump 250000000 tons of mining, sludge, chemicals, heavy metals and micro plastics kind of 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 food. 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 worlds. we cannot wait for 3rd world countries and provide us with 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 dependency on the world market and

increasingly mind 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 mass, reverse technology to bring the visitors face to face with history. this bronze age girl's body was fined by a farmer a century ago. at the time archeologists uncovered her hair, skin, nails bound clothes, all of which have now been used as high fluids 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 historical find. museum operators are hoping to bring her to a virtual reality setting demira here. and i remind her of the top business story we're following for you this. our china and iran are holding talks aimed at the strengthening economic ties. the meeting is the 1st of its kind

in over 20 years and takes place against a backdrop of growing geopolitical tensions. that vote for me for more to check i d, w dot com slash business, where on the deed of the news youtube channel as well from me on the team here in berlin. it's for by 2nd thing and ah, with

this gadget for measuring methane makes the invisible visible a impact on climate change and has long been underestimated. many emissions are avoidable, but how exactly can they be stopped? and how can the economy benefit from these reduction made in germany? in 30 minutes on d, w. a you become a criminal pre climb mayo already know who's with

about hackers and paralyzing the tire societies. computers that are some, are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now on you to choose a system we to day bus. yes. bus you, this is the consequence was $4000.00 foot. so i'm to find out a willing and conflict in ukraine. the european war in 10 voices rushes war in ukraine in one year since the invasion began. we take a little back and into the future. in the you believe flowing

in february on d, w. ah, ah ah, this is the w news line from by land the back to back motor in the eastern ukraine is now the longest stand off in this war with russia and ukraine determined to take the city despite heavy casualties. also on the program nature chief, you install turnbook outlines new pledges for ukraine, including heavy weapons and military training and ass member states to ramp up ammunition production.