tv Business - News Deutsche Welle February 23, 2023 12:15am-12:31am CET
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and 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. i'm the director, she told us that at the press conference was particularly interested in. she wanted to bring together different points of view that are very far apart. and she thinks that film in general is a really great bridge to talk about topics like that. and the ship has the berlin all the day. well, that's all for now, rob, what has your business and died after a short break? don't go with every journey is full of surprises. we've got all out to give you some tim with i'm in your northern count
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to play with for a time long. very much alive, dw channel, your guy with recognized where exactly it was fun and i've learned a lot of culture history. all their d. w. travel extremely worth a visit. ah ah, a blow to your electric vehicle plans, teslas scaling back. it's german battery building ambitions in favor of chasing subsidies in the u. s. when it stoked the existing transatlantic tensions regulators in the state of charge to south to re encrypt entrepreneur after
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investors last billions. we'll discuss what went wrong for doke one. and how would you like to work a day less every week? well, a major trial in the u. k. being hailed as a success database business on robots in berlin. welcome to the program. tesla says it's scaling back. it's plans to produce electric car batteries in germany. instead, it'll focus on ex operations in us to take advantage of generous subsidies being offered. the tesla, which has a plant just outside of berlin, cited president biden's inflation reduction act. when explaining its decision, it's one of the 1st companies to make such a move which the leaders were concerned might happen. they have accused the u. s. of favoring their own producers at the expense of european businesses. earlier i spoke to our financial correspondence in new york, teddy austro asking him whether test was decision, proves the european union right about its concerns about the inflation reduction act. well,
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it's certainly having its intended effect of the biden ministration. right. susie, i'm on camera intended effective the abide and administration to court electric vehicle companies to court battery companies to produce their products 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 oriented 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. biden did him said some confession to try and locate the european union. leaders
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have been so upset about this. so we actually say any sign of any changes to the i or re, to, you know, 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 unions 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 you're right, has sort of nodded to the earth in union, nodded to make promises to try to keep those incentives are interpret the law. can't really change much involvement 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 bite. and they said all the new york stuff, these changes a little bit busy things. now one crucial ingredient for tesla's
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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, andreas manuel lopez abra door, is hoping his country will become more 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 utilization has already been made. the law has been passed and the legislature and the lithium belongs to the nation vill tesla has expressed interest in building a plant in another northern region while president abra door welcomes the electric
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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 abra door and tesla c . e o. e. lawn 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 almost a year after it's pledge to leave you to the war in ukraine. bruce, as it's still trying to find a reliable buyer for its business in the country and his face 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, renewable energy production. load the need for gas imports, allowing the block to save $12000000.00 euros. i'm staying with energy. france is
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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 was delved deeper into watts. starting to feel like a familiar story with sam kessler from crypto news website. coin to ask is great to
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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, 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 a quote unquote algorithm that kept it at $1.00, but we see for the store is going,
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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 i'm terrified labs and no one will tell you that's the case. but like you said on 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 con himself personally cashed out funds that belong to the ecosystem . millions of dollars to personal accounts, they say also that he learned in the users to the ecosystem using a essentially false promises and really predatory incentive schemes. and they did
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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 phrase 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 confidence 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, their, you know, outright wise. and, you know, you know, frauds as you know we're,
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we're led to believe now have definitely had a chilling effect. ok. some kessler, thanks for staying across the or is that some test 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 that made themselves clear and they're 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 off her week give me so much more time to recover right after having such an emotionally draining 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,
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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 reduction and tiredness? because i think we were most concerned about was this idea that would people become more tired, more stressed because they were trying to compress their hours. and that's not been 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 a question of where the companies want to be in the new bugs. it's question if
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they're not seen is move, they're just 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 from the business team, him, berlin, if you are more from us, you can edit a d t o e dot com slash business they'll find is on the t to we in use youtube channel until we see you next time with oh, there's is the story of many ukrainians before rushes invasion, marta and siri had trained as volunteers for emergencies. since the beginning of the war,
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they have been in combat. even fighting directly at the front focus on europe. next, on d, w. conflict. the war in ukraine got a powerful international squat life. this past week. i level politicians method community conference to discuss more and the 8th grade. my guess this week is a ukrainian and b i like to take on to ranko who's for that policy from an international support country and more powerful weapons. conflict with 60 minute dw, with journalism help us in overcoming divisions. save the date for the d. w.
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global media forum 2023 in bonn, germany and increasingly fragmented world with a growing number of is digitally amplified. see where this clutter to lead. what we really need, overcoming divisions into vision for tomorrow's journalism. save the date and join us for this discussion. at the 16th edition of d, w. c. global media forum with hello and welcome to focus on europe. it's good to have you with us. it's been a years and structure launched a full scale invasion and to ukraine one year ago. many believe.
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