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tv   Business - News  Deutsche Welle  February 28, 2023 12:15am-12:31am CET

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closer to the arctic circle. and this is dw news live from berlin. and here's a reminder of the top story we're following for you at this hour. israelis army says in israeli, american man has been killed in a drive by shooting in the west bank. here the city of jericho, it follows attacks by israeli settlers that left one palestinian men dead. and you're up to date up next close up. the asco space should be protected from private interest, such as ill or must space ex. i've been talking berlin, thanks for watching, with someone else to the tv highlights of selected for you you every week in your inbox . so describe now mine is with getting ahead using tech as our documentary series of founders valley. it's africa
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to meet the founders empowering their continent through digital innovation transformer, work in health and living conditions in their country. and inspiring the world with their ideas. founded valley africa watch. now on the w documentary, oh, it's a breakfast break through britain and the you seal a deal over trade through northern ireland saying they resolved a major problem caused by breakfast. we'll get an expert's take also on the show, the world's biggest mobile tech fair kicks off a mid falling demand and an expensive 5 g ambition will go to barcelona for more.
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welcome to another dw business, i'm christy plats. and coming to you from berlin, it's unprecedented and complicated. britain and the european union have proclaimed a new chapter in post bricks that relations after agreeing on a sweeping overhaul to contentious trade rolls in northern ireland can european commission president ursula vander lion and prime minister reaches snack, announced the deal. it's stipulates that goods bound for the republic of ireland and other you countries will be 70 subject to full customs checks. but products not at risk of entering the block will be subject to drastically simplified controls. well for more in insight we go now to david fennimore. he is a professor of european politics at queen's university, belfast. what is the steel and remind us, why was it necessary in the 1st place? okay, well the origin of the protocol come from breaks it and the need to do to avoid a hard border on the island of island when you came else that it was leaving the
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single market, the customs union, it was clear that you had to put in place some special arrangements for the north island. those were agreed no longer would stay in the customs to retrieve the e u. it would stay within the single market, the good, the european union, the u. k. then find it a very basic trade agreement with the e u, which kept it out of the single market and the customer's union. so as a consequence, you had to put e u controls in terms of customers and in terms of regulatory controls for access to the single market on goods moving from great britain to northern ireland. and that obviously brought about a high level of concern of a political front, but also um, acted as of a disincentive to move goods from great britain into north nor daughter that we began to see trade friction there. what we see now was okay, yeah, no, david, you're all over this topic. i mean, you know, what details did we hear today about this deal and what kind of impact do you think
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it's going to have? as you said at the top, they leave says you got a green lane for goods moving from grape on it, no thought and, and staying in northern ireland, the e u seems to be content with that. but if the goods going from great britain into long island and they're going on into the e market, then they will be subject to full checks, controls as they would be if they were entering the you from elsewhere. that's that significant the it does reduce some of the concerns which have been expressed about the protocol within northern ireland. and we could therefore see some of those who opposed the restoration of default government and nord lion returning. we could be see some of the contestation taken out the protocol because ease of a reset to you, k e u relations post breaks it. yeah, well, i mean, i wanted to talk to you about the reaction in northern ireland. i mean, from the people there from businesses, there is what do you think that's going to be working at the moment that there's a lot of them, documents around people are going through the detail. i think they've been,
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it's been of a cautious welcome to the fact that the, you can, the you have reached agreement to try and resolve the issues. but equally, i think they want time to actually digest the detail and to really go through what the documents are saying they're adding amongst the political parties. i think, i think equally a lot of those will say, okay, it's good that there's some resolution of the issues here. but i think one of the big concerns is whether the emb reaction of the democratic unit party, those who are opposed to the protocol, will be one which accepts their some bins. a decent agreement reached here. and that will then leave and go back into a government involvement. and the jury's out on that will probably remain out for quite a while yet while they digest, as i said, they're going to, they're gonna digest the, the, the, the, the, the detail of what's been agreed today. now david, we've seen some photos of empty grocery store ourselves in britain in the last few days. will this deal have any effect on that at all? no, because this is all about the movement of goods from great britain to those lot,
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not from the single ball kits of the you into the u. k. this is about good movie the up the other way. all right, david, thank you so much for that explanation that was david fennimore. he is professor of european politics at queen's university, belfast now to some of the other global business stories making news to day. french, french defense group talis plans to hire 12000 new employees as defense spending rises in europe. the c o attributed this move to the dynamic growth of the defense market. shares and talis group have revenue risen 60 percent since the war and ukraine broke out iran's currency. the re all fell to a record low of 600000 to one u. s. dollar amid high inflation rate has lost almost half its value since the start of countrywide protests in iran falling the death of a young woman in custody last year. ukrainian president vladimir lensky has held talks with us treasury secretary, janet yellen, was on
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a surprise visit to keith jaelyn said the u. s. had transferred more than $1000000000.00 of direct budgetary aid to ukraine, but that there were still significant obstacles souls obstacles to seizing frozen russian assets. well, for more or less, let's go to our correspondent teddy auster at the new york stock exchange. teddy us, president biden, was in ukraine just last week for the anniversary of the war. breaking out. what is the significance of the treasury secretary being there just a few days later? well, this is a pretty significant symbolic measure, i would say by janet yellen. and indeed, we actually saw an op ed published in the new york times by her explaining the purpose of this surprise visit. and that really has to do with the united states, expressing its solid charity with ukraine. not just in military terms, not just in sending arms, but also using its financial levers,
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its financial might to aid the country in its war against russia. and now this includes sanctions. we just heard about another trance of sanction coming from the u. s. and its allies against russia. this includes right. this is on top of an unprecedented sanctioned regime. we've seen freezing assets reserves, hundreds of billions of dollars in russia, ousting the country from the swift financial messaging system. but now janet yellen is in ukraine hashing out some detailed with the $10000000000.00 of financial assistance that were pledged to ukraine. this is a part of the $45000000000.00 that were given to you crane. and now what we're seeing is that financial systems may be expanded. that was teddy auster, new york. thank you so much for that. well, slumping smartphone, sales, inexpensive network expansion. these are just a couple of the challenges looming over the mobile tech industry as its largest
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trade fair kicked off in barcelona on monday. some 80000 participants are expected at this year's mobile world. congress vendors will focus on the latest and greatest that includes smartphones with folding screens immersive men diverse experiences and a i powered chat. bob's event is back to full strength after several years of pandemic disruptions. but demand is a concern. smartphone sales slumped 11 percent last year while expanding 5 g wireless technology is a hot topic at this years. congress, particularly the question, who's going to pay for it? d, w stood al, doom allow, has more. now the things that big tech companies should help cover the cost big tech companies. you'll be surprised here are not necessarily of the same opinion. representatives from met on netflix and alphabet are supposedly here in barcelona to make their case the officials present at the congress. they're saying that they invest enough, all righty and infrastructure, and that having to cover some of these costs would mean that investment is taken
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away from products that would ultimately benefit consumers. now on the other side of the equation, you also have european telecommunications providers, like deutsch, a telecom, orange, and telephonic are also pushing hard for a big tech to cover some of these costs. now as so many topics that have to do with global tech, we're seeing another e u u. s. divide. but these discussions are ongoing. the mobile world, congress only goes on for 3 days, and those issues are unlikely to be resolved. here, across europe, electricity has become a lot more expensive since the beginning of the war. that's hard for households and can be devastating for businesses trying to stay competitive. wealthier countries like germany can help their own companies by footing part of that bill. but even that's not enough for many businesses. let's take a look. hi. energy prices are a huge burden on this entrepreneur. more than 15 percent of his total expenditure is spent on energy. several $1000000.00 a year and sean, florida,
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we already have the highest energy prices in europe before the crisis. and they have multiplied again. now we had a 6 fold increase in our energy purchase prices at the peak. the market has since come down a bit, but was still at the wrong 3 and a half times the prices underlines and still very high. and the burden on the plant, which produces substances for chemical and cosmetics industries, among other things, beads for the ex, fully aiding effect and cosmetics. in order to relieve the burden on small, medium sized companies like formerly, the state will take over part of the electricity bill, starting in march about 40 percent. and this program in this program expires in 2024. the federal government will hardly be able to afford to launch such a $1000000000.00 package again. so we hope energy prices will have settled down by then be a router. but how will energy prices develop, especially against the backdrop of the war and ukraine? so long of the thought as long as we're in the middle of this,
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we can expect any relief. that's why you always have to make a clear distinction. fossil prices are high, we have to get away from that. other energy is, are much cheaper and then it can also become cheaper and perspective i spoke about other energy sources such as bio gas produce from a newer for a li, body bio gas plant. there the company produces its own chief electricity rama and we have invested in a bio gas plant where we can produce 50 percent of our own electricity. and we want to expand on that, but we will also invest in photovoltaics and which repeating this theorem. the company also sterilize as foods like pumpkin seeds. this also involves a lot of energy because it requires steam until energy costs are low again. the name of the game now is to cut costs as much as possible. remember when we change our shift system from 7 days to 5 days,
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we've saved energy everywhere. we can. we've turned down the heat in the offices, and we've taken every measure to use as little energy as possible, or nuclear springs energy to football, who, according to its owner, the company must also produce more cheaply with fewer employees. this is the only way it can survive in the long term against competitors from abroad because they usually pay much less for energy. well, that's are, so i'll have more for you tomorrow with what happened to the judge takes the infinite beyond. those days are in the past. today, private companies are conquering space. what about money into it, and control who profit and walk to the kinds of point new
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space, the new revolution, close up. next thought d w. take up a pulse with the beginning of a story that moves us and takes us along for the ride. it's own about the perspective culture information is dw news and more w made from mines. oh, i mentioned that you're eating a hamburger. and as you're biting into this juicy burger, your dining companion says to you,
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actually that hamburger is not made from kaos. it's made from golden retrievers. should meet. 2 2 2 2 2 2 2 in meeting cultures around the world, people learn to classify a small handful of animals edible and all the rest they classify as disgusting. a doc you series about our complex relationship with animals. the great meat debated this week on d. w. o died. i was sick on february 6th 2018. the falcon heavy rocket took off on its maiden flight.

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