was wrong or sorry, no right up to date. the w business is up next my colleague christy plants and we'll have much more on the breakthrough trade deal for northern ireland after a short break. and remember, you can always get more news on to go on our website at d, w dot com. i'm here until cumberland. thanks for tuning. ah ah, every journey is full of surprises. we've gone all out. to give you some time with home, i'm in your northern most count please. ah, 3 times along still very much alive. d. w channel,

you'll guy to the specialist in germany. it recognizes where exactly. it was fun and i learned a lot our culture history. all their d. w, travel extremely worth a visit with oh, it's a breakfast breakthrough, 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 than welcome to another dw business, i'm christy plots. and coming to you from berlin, it's unprecedented and complicated. britain and the european union have proclaimed

a new chapter in post breakfast relations. after agreeing on a sweeping overhaul to contentious trade rolls in, northern ireland can european commission president ursula van der lion and prime minister richie snack, announced the deal. it's stipulates that goods bound for the republic of ireland and other countries will be subject to 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 queens university. belfast. what is this dia and remind us, why was it necessary in the 1st place? okay, well the origins, the protocol come from breaks it and the need to do to avoid a hot border on the island of island. and when you came else that it was leaving the 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 territory of the e u. it would stay within the single market, the good, the european union, the u. k. then signed a very basic trade agreement with the e u, which kept it out of the single market and the customers union. and so as a consequence, you had to put you 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 dotted. we began to see trade friction there. what we see now was okay. yeah, i know, 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 it's going to have? as you said at the top, they leave says you got a green lane for goods moving from grey printed, 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 the going on into the e u 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's significant. and 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 in nordland, returning. we could be see some of the contestation taken out the protocol because ease of a reset to u. 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 um, documents around people are going through the details. i think they've been of a cautious welcome to the fact that the you can, the you have reached agreement, try resolve the issues, but equally, i think they want time to actually digest the detail and really go through what the

documents are saying there. i think amongst the political parties, i think, i think equally a lot of those will say, i hate good that this resolution of the issues here. but i think one, the big concerns is whether the reaction of the democratic unit party, those who are opposed to the protocol, will be one which accepts there's 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 they said, they're going to, they're gonna digest the, the, the, the, the, the details of what's been agreed and to day. now david, we've seen some photos of empty grocery store shelves 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, 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 ceo 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 rail 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 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 and less, let's go to our correspondent teddy auster at the new york stock exchange. caddy u. s. 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 surprised visit. and that really has to do with the united states, expressing its solidarity with ukraine. not just in military terms, not just in sending arms, but also using its financial levers, its financial might to aid the country and its war against russia. and now this includes sanctions. we just heard about another tranche 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 yelling is in ukraine hashing out some details 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 it's largest trade fare kicked off in barcelona on monday, some $80000.00 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 of earth experiences and a powered chat. bob. the event is back to full strength after several years of pandemic disruption. but demand is a concern. smartphone sales plumped 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? he ws did, i'll do allow has more now that he thinks that big tech companies should help cover the cost big tech companies you'll be surprising 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 away from products that would ultimately benefit consumers. now on the other side of the equation, you also have european telecommunications providers like georgia, 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 putting 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 so on florida, we already had 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 around 3 and a half times. the prices underlines, and still very high, and a burden on the plant which produces substances for chemical and cosmetics industries. among other things, beads for the exfoliating 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 we're butram. but how will energy prices develop, especially against the backdrop of the war in ukraine? so long of that, as long as we're in the middle of this, we can't 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, bought a bio gas plant. there the company produces its own chief electricity grammar. we have invested in a bio gas plant where we can produce 50 percent of our own electricity. we want to expand on that, but we will also invest in photovoltaics and which repeating herb is 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, 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 on movers winds

images 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 our, so i'll have more for you tomorrow. ah. in your mind, he's your grid. as i said, meet the found is increasing nigeria is value of human capital, a grid as a resource, as the people. and i was why i think you guys ultimately just give them the power to make down decisions on to occur. it's now a future. our series found is vanny, africa,

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