western sanction, ah, and how norway is planning to make the most of a treasure trove of rare earth discoveries on it? the bed. this is dw business. i'm kate ferguson. welcome. iran's president abraham, re see 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 years to take a cooperation 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 d, w. correspondents, so it's on hand in taipei. so what sectors of the iranian economy is china most

interested in kate at this time, china emphasize that it will import more iran in agricultural products and continue to cooperate with iran, imputing the belt and rolled project. they have also signed a number of bilateral corporation documents and tourism, environmental protection, health disaster relief, culture, 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. the chinese 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 oil trade is not public. iran has long use militia as

a transit point for its own export to china in recent years. and according to the u . s. 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 assistance show support it will be runs efforts to bypass us sanctions to extend its nomic lifeline. now, so the 2 countries want to finalize the details of a cooperation agreement up to law 25 years. what is in 5 that deal all this 25 year comprehensive corporation agreement involved. 400000000 in chinese investment in ron china will establish a free trade zone in different parts of iran. and the 2 sides will cooperate in areas such as banking, telecommunications, port, railroads, global navigation systems, and 1000 of other products. however,

they have been concerned with iran that this cooperation 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 ties with moscow. data analysts say there is 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 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 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 and 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, the 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 it 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. as grand stuff on security workers participate in a one day strike. they're calling for a 15 percent weight height to offset inflation. travers have been told to expect delays and cancellation twitter ceo ellen mosque says he's hoping to find a successor at by the end of the year. he made the commons 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 car is powered by fossil fuels. with a new lot bonding, there sail from 2035 policy makers, said the deadline will spur investment in the u on to help the block meet its goal of becoming climate neutral by 2050 now our correspondent, band legal have 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 which is 0 and also a clear technical frame. but it 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 comic as another part of the world. especially chinese car makers come makers which are investing heavily in electric in the car production. and so you're 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 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 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, fuller beer do you 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 or soviet yield of any of the get on the shifter. currently, china is dominating the market for rare earth. europe does not want to be reliant on china anymore and has been ramping up its search for domestic resources. titanium, you dinner, farley, with a 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 conflicts with locals. for years,

residents of now stall have been fighting a major mining project on fed a fjord all the time to do project that we oppose this project because they want to cut off the top of angular mountain and plan to dump 250000000 tons of mining, sludge, chemicals, heavy metals and micro plastics, 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 a whole bit. 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's middle . we cannot wait for 3rd world countries need to provide us with all the mineral supplies that we need. i also from fed devising scuffle. she, you know, small to the minute. all new thing in europe wants to free itself from its

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 mass over us technology to bring of visitors face to face with history. this bronze age girl's body was fined by a farmer a century ago. at the time, archaeologists 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's all for me for more to check. i did of the dot com slash business. we're on the date of the news youtube channel as well, from me on the team here in berlin, if i am sick with ah, with

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ah ah . this is dw news life from land. nato promises more military assistance for ukraine alliance has member states are stepping up production of artillery shells, but there's no agreement tom, increasing overall defense spending. also the program 9 days into syria and turkey's earthquake disaster, damascus agrees a deal.