tv Business - News Deutsche Welle February 22, 2023 10:15pm-10:31pm CET
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the film follows her journey, but also the journey of the family who has different levels of acceptance with that topic. and that was also wides. am the director. she told us that at the press conference was particularly interested in. she wanted to bring together different points, a few that are very far apart. and she thinks that film in general, it's a really great bridge to talk about topics like that. robots as it makes with your business, do so. i will see you tomorrow with someone else to the tv highlights selected for you. you every week in your a box. subscribe. now will you become a criminal m. franklin? i already news come to take. told me about
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hackers and paralyzing me to your societies. computers that out for you and governments that go crazy for your data. we explain how these technologies work, how they can go wilson for, and that's how they can also go terribly. watch it now on youtube. ah, a blow to your electric vehicle plans, deathless scaling bath kits, german battery building, ambitions in favor of chasing subsidies in the u. s. so when it stokes, the existing trans atlantic tensions regulated in the states have charged the south korean crypto entrepreneur after invest as last billions. we'll discuss what went
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wrong. but don't quan and how would you like to work at a less every week? well, a made a trial in the u. k. of a 4 day week is being housed as success is due to be a business on robots in berlin. welcome to the program. tesla says it's scaling back its plans to produce electric car batteries in germany. instead, it'll focus on it's patience in the u. s. to take advantage of generous subsidies being offered, their tesla, which has a plant just outside of berlin, cited president biden's inflation reduction act. when explaining his decision, is one of the 1st companies to make such a move which you lead as we're concerned, might happen that accused the u. s. of favoring their own producers at the expense of european businesses. well let's get more on this from our financial correspondent in new york. teddy austro teddy does test this decision prove the
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european union leaders have been so concerned about this sort of thing. right? well, it's certainly having its intended effect of the biden administration. right? use me, i'm on camera, i'm attended effective, they abide in administration to court electric vehicle companies to court battery companies to produce their product here in the united states. and that's because the inflation reduction act, right? it provides pretty significant tax credit to the financial incentives are very, very strong. now, tesla is just one of the 1st firms to state openly, right, that they are orienting more towards the united states because of the i r re. there could be other reasons such as the high energy prices in germany versus the united states. so there could be other reason there. and now the you, of course, is trying to fight back with some of its own experimenting with a program of own. but i think we should expect to see this trend continue.
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biden did him said some confession to try and, you know, locate the european union leaders who've been so upset about this. so we actually say any sign of any changes to the eye or re, to, to, to ease those tensions. well, biden does have a lot of domestic pressure. i think that's important to state, for example, there's a lot of major labor union that would like to keep those production jobs here in the united states. there's also environmental groups. there's also consumer interest groups abide and your right has sort of nodded to the earthy and union nodded to make promises to try to keep those incentives are interpret the law can't really change much involved to interpret the law to provide financial incentives to european countries, which have free trade agreements with the united states, but really, it's very unclear. this is flagship legislation or biden, the teddy auster at the new york stuff. he's changed
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a little bit busy things i one crucial ingredient for teslas. batteries is lithium and mexico is hoping to be a major supplier of the mineral. i suppose president abra door has signed a decree, nationalizing a lithium reserve found in the north of the country is a deal that is bound to interest tesla which has its eyes on building a factory that chandel mexican president and race. manuel lopez abra door is hoping his country will become a formidable force in the electric battery market. he signed a decree, nationalizing lithium reserves found in the northwest state of sonora on the us border. a move he says, will prevent the resource from being exploited by foreigners, particularly russia, china and the united states. moreland is you, the decision has already been made. the law has been passed in the legislature and the lithium belongs to the nation. build. tesla has expressed interest in building
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a plant in another northern region, while president abra door welcomes the electric car makers presence in the country . he's concerned the north might not have enough water to support a factory. he's touted the south an area where he's trying to draw more investment and we're 70 percent of mexico's water comes from president albright door and teslas ceo ellen musk are expected to discuss the issue directly. i know you how to read them. now let's take a look at some of the other global business stories that are making. the news. heineken says it's struggling to pull out of russia. missed a year after it's pledge to leave you to the war in ukraine, the ruin as it's still trying to find a reliable buyer for its business in the country. and expect to sell a 300000000 euro loss. more than 20 percent of the energy produced in the e. u between march last year and january came from wind and solar energy, according to research, think tank and burn climate says the surgeon,
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renewable energy production. low as the need for gas in ports allowing block to save 12000000000 euros. i'm staying with energy. france is now partly powered by organic waste. total energy is new production facility has started pumping by o me thing into the countries gas that work. it's a project that's projected to eventually supply through $30000.00 homes each year. now u. s. regulators have charged a crypto entrepreneur of orchestrating a multi $1000000000.00 crypto asset securities fraud, and he appears to now be in hiding the collapse of dough cons firmed reform labs last year. wiped out about $40000000000.00 of investors money and shook global crypto markets. the firm had developed the terror, luna, and tara u. s. d tokens. the securities and exchange commission accuses kwan and tara form of failing to be truthful with the public about the crypto assets.
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instead of deeper into what starting to feel like a familiar story with sam kessler from crypto news website, coin to ask is great. have you with us, sam? you know, just tell us a bit more about who do kwan was and where it all went wrong. whichever form yeah, thanks so much for having me. so, so like you mentioned, kwan is a south korean crypto founder. he went to stanford and he created tara watching ecosystem inter form labs. the company behind it at the core of this ecosystem was something called a stable coin. so in the ball, the world of crypto stable coins are kind of the juice that fuel the entire decentralized finance ecosystem because they pay they stake pegged to the price of a stable asset. in this case, u. s. t, tara stable wednesday unpaid to the price of $1.00 us dollar. and unlike other stable coins that have $1.00 in the bank for every crypto token, this token was supposed to be the centralized meeting. there was
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a quote unquote algorithm that kept it at $1.00, but we see for the store is going, the algorithm did not work. so $40000000000.00 went to virtually nothing in just a couple of days. back in 2022 about a year ago. this next month, a just a link is that normally enough to get the c c involved. so was they saying that the quote is done wrong and the telephone the wrong? yeah, so it's not as simple as just like a business failing, even though terra farm labs. and don't one will tell you that's the case. but like you said, the s c c content that tara form and joke, one committed securities fraud, and they had a lot of pretty big claims in this complaint that they filed against tara form and joke on. so 1st off, they say that call himself personally cashed. out funds that belong to the ecosystem, millions of dollars to personal accounts. they say also that he learned in the
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users to the ecosystem using a essentially false promises and really predatory incentive schemes. and they did things that essentially misrepresented the algorithm as being more safe than it actually was. and just put a bunch of money into this ecosystem from retail invest. there's largely who had no idea what they were actually getting into some just just briefly i feel is going to notice the pattern here with the and i will be thinking of some background freight that we know seeing that the guys are getting themselves into a lot of trouble, how high is confidence in the crypt marcus these days briefly, if you can it's not as high as it was. i think most investors will tell you that the space is a lot larger than it was last time. there was a fair market a few years ago, but yeah, this is definitely her competence because these things that were, you know, there's criminal filings against them. it wasn't just simple failures. they were core, they being at t x and tara to the entire crypto ecosystem. so their failures,
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their, you know, outright wise and, you know, you know, frauds as you know, we're, we're led to believe now have definitely had a chilling effect. ok. well some kessler, thanks for staying across that for the some tests from coin dash for me. now how does a 4 day working week sound in the u. k, the world's largest trial scheme align work is like an extra day off. each week is being held as a success. most of the companies involved say the benefits of made themselves clear and not ready to go back. just yet. fay johnson smith brings home made cupcakes into the office. she likes to bake in her spare time, which she now has more of her employer is one of 60 companies in the u. k. that took part in a 4 day work week trial. i found that just having that one extra day or a week, guess me so much more time to recover it. after having such an emotionally draining
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and demanding job, it would take a lot for me to look for a job bouts. why now staff have reported better overall well being, but the payoff has been big for bosses too. when expectancy was the so much was the, the dropping absenteeism as much this increase in happiness as production and tightness? because i think we were most concerned about was this idea. would people become more tired, more stressed because they were trying to compress their hours? i'm not being the case. businesses reported that revenue increased 1.4 percent on average. and 9 out of 10 companies in the pilot say they will keep the 4 day week. some experts predict that not adapting to the emerging model may put firms at a disadvantage. so you're going to say that right? what's causing jobs? so why don't we just aren't going to get the best times buying. so once we get that tipping point, it's not
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a question of where the companies want to be in the this new movement. it's not seem as move, but it's not going to get the police. they need convincing other companies to go. the new route may end up being the toughest part of the job. now, so for man, the business seem him berlin, if you are more from us, you can have a d dot com slash business. so fine as on the t to we in use youtube channel till we say your next time ticket with with rising out of poverty. with me. this is the dream is diego look is from colombia to private foundation. he can give out his passion together with other children, from the poor neighborhoods in bocca town. thanks to dedication and perseverance
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with golden, 3000 on one year of war in ukraine. how has it affected the economy, our sanctions against russia working? our overview covers booming ukrainian. i t firm supporting their homeland skyrocketing natural gas prices and in evolving cyber war that's more dangerous than ever made in germany. in 60 minutes on d w. oh. hello guys. this is the 77 percent. the platform for africa's you to be beat issues and share ideas you
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know, or this channel. we are not afraid to happen delicate topic because population is growing fast. and young people clearly have the solution. that future has 77 percent every weekend on d. w ah ah, welcome to global 3000. let me dance a young man from columbia defies norms proving that dreams can come true. hope or threat can genetic and.
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