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tv   Business - News  Deutsche Welle  February 28, 2023 10:15pm-10:31pm CET

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but it is already surf season. despite the coal, several hardy souls have been braving the water in the surface paradise of nasir rate, portugal in nearly 5000 meter deep underwater canyon helps generate these enormous way to just see here. hundreds of spectators watched from the cliffs. numerous surfing records have been said this side you're watching the w news up next is christy blanson's with the w business news have a good with of i was just rescuing the daughter from a farm. this one, this body globe with i found it like this and i couldn't just leave it there. should meet her. this is such a great bird with it was so dirty that cleaning your turn the entire bathroom into
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maps. this is the water birds 1st swelled one of the most beautiful moments i've ever experienced at her from school. many of you, a donkey series about our complex relationship with animals. well, i think i will live long enough to witness the end of factory farming. the great debate this week on d, w were ah, china slammed they tick tock ban in the u. s. federal agencies have 30 days to remove the chinese owned app from employ phones as concerns over spying grow will get more on the reaction from washington. and american american microchip manufacturers are eligible for major government funding,
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but the cash comes with strings attached. we'll get more of this from wall street and renewables are becoming more attractive, but also more expensive to expand. we'll take a look at a conundrum in pakistan. welcome back to another d w business. i'm christy plats, and bringing you the latest from the business world. china has accused the us of suppressing foreign companies and free enterprise after the us band, the use of chinese video sharing app, tick tock on government mobile phones, canada and the european parliament also announced such bands this week concerns our growing that the popular app could be used for espionage, here is more, canada has been tick tock from government phones saying the chinese app carries an unacceptable risk to privacy and security. auto will also book federal employees from downloading the app in future. we are making the decision that up for government of employees for government. busy equipment um,
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it is better to not have them access ticked off because of the concerns that other people have in terms of safety. this may be a 1st step, it may be the only step we need to take, but every step of the way we're going to be making sure are we're keeping canadian safe. in the u. s. federal agencies have 30 days to remove the chinese own video platform from all government issued devices. contractors must comply with in 90 days, the white house set on monday. the decisions further strain sino western relations which have been troubled in recent years. most recently, over western accusations that china could use data to threaten cyber security news . literally, she had the united states, the world's number one superpower, is so afraid of a mobile phone application that young people like so much that they completely lack any self confidence. gang. we firmly oppose the u. s. sides wrong approach of over reaching and national security,
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abusing national power and unreasonably suppressing the companies of other countries. in 2022, tick tock generated $6000000000.00 through advertising in the u. s. alone. the company is afraid of losing the lucrative us market. the same could happen in the european union. last week, the european commission told both members of parliament and employees that they must remove the app from any private devices on which apps of the commission are used. or for more in this, we go to in a st. paul in washington. now in us, donald trump had moved to band tick tock in us while he was president, but joe biden and did that after he took office. so why as his administration now moving head with implementing the span for government employees? well, you know the debate about tick tock becomes more and more politicized. here in the u. s. the closer we come to the presidential elections in 2024, many republicans to say that the ccp this is the communist chinese party is
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baptizing the ab, not only to gain data, but also to use its power to after all, decline western her. a influenced by influencing the next generation with anti western propaganda. so there is an increasing pressure on president biden to act, and this is why they put out this bill today. okay, in as well. this bell, this only applies to government issue devices. the band we're hearing about today, but is this the 1st step towards an a ban outright of the app and you s quite frankly, it is hard to imagine the tick tock will be totally bend here in the u. s. why is it? it is already a far too important for businesses to advertise their products for politicians to reach the. a constituencies and, and after all, there is a lot of money involved,
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not only for a china, but also for many, many companies here in the united states. so as for now we are waiting to hear from tick talks, c e o, who is said to testify before congress a later that month, month. and then i think we will have a little bit of a better sense where washington stands on this issue. however, we also have to keep in mind that neither the fcc nor the pentagon could easily just enforce a ben, because technically a tick tock is just another platform to practice a freedom of speech. and this is the 1st amendment right, right here in the united states. certainly a nuanced situation in a pawn washington. thank you so much. while sticking with tech, the u. s. government will require chip makers receiving subsidies to share excess profits. the by the administration announced on tuesday, the chips act is a cornerstone of the government's plans to compete with the likes of china and
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global markets to secure the supply of semiconductors, which are increasingly vital for electronic supply chains and national security. the act plans to hand out some $52000000000.00 to boost semiconductor production. but now companies are learning that the cash comes with a cash. well let's get more for on this from our correspondent teddy auster at the new york stock exchange. hi there, teddy. tell us what are the stipulations for chip makers that would receive this funding? well, the original stipulation, of course, from the ship's legislation, is for the semiconductor manufacturer stability here in the united states. but the commerce department just rolled out some more stipulations that includes us getting return on investment if you will, capturing some of those excess profits from these companies. more than that, though, we are also seeing requirements of a more detailed project plan to influence more encouragement of union labor,
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but also discouragement of stock buyback. now the big one that we're looking at is child care they. these companies are going to require be required to give workers affordable and well, good quality child care. now overall, this is pretty significant to see industrial policy here in the united states. but with these controls on where the profits for go, it's very significant. these are pretty new stipulation for companies receiving this kind of funding. i mean, what do you think they think it goes to far more advanced micro devices, texas instruments, companies like these certainly are going to find it harder to swallow. now these companies, of course, really are not going to want to hand over these profits, but the stock buyback. well companies like intel, right? we see them very generous with dividends. very generous with stock buybacks that boost the stock price buy. it comes at the expense right, of investing in the production, the infrastructure. this is, of course, the whole point of the chips legislation. now bite in with this child care
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provision. this is a bigger, excuse me, a small dent in a larger widespread program that they would like to do, which is to invest in care infrastructure, right, which would relieve some of the burdens on, especially women workers. i was teddy austria in new york. thanks so much on now to some of the other global business stories making this volkswagen is facing criticism from human rights activists and its work council. after the head of its china business said he saw no signs of forced labor when he toward a plant engine. jang, earlier this month, the un meanwhile, has documented forced labor ended detention camps across the region. germany's leading airline has unveiled its new 1st class suite beginning next year. lufthansa passengers will enjoy large video screens and wide seats that can be turned into flat beds. as part of the 2 and a half 1000000000 euro investment, the carrier is also revamping its business and economy class cabins. i'll
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surging energy prices over the last year or pushing more countries to get serious about shifting to renewables. but with constant power cuts and the economy and shambles for a country like pakistan, the green transition is easier said than done with crumbling infrastructure decades old power lines, massive blackouts, and high electricity prices. this is life for millions and pakistan, especially in rural areas. businesses are hardly better off 9 hours of power cuts daily, and it is much more expensive. now if it was 400, is now 2000 rupees loc as us entity sector heavily relies on fossil fuel. 64, what's an over to select the steep his produce with imported oil yet. thank good raising through and gas prices often rushes in regional fuel clean. it is good in countries
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like bucket son who take that put measures was due to alicia from dimension lydia with energy sources. in the mega city of karachi, the dr. roost house civil hospital is an example for energy transition. the snow lack of sunshine here and the roof so large enough to generate lots of electricity using solar panels. dozens of photo tag modules with an output of one and a half megawatts power the hospital maintenance engineers say at our cell on our li, says the solar system will run for 2 decades. at least the, the current, these panels produce up to 7000 kilowatt hours. of electricity every day that covers around 40 percent of the hospitals toward la electricity needs sla, daily sparts aren't so little bit that the pakistan aims to generate 60 percent of its energy needs from renewable sources like wind and solar by 2030. currently, only 2 percent is generated by solar power. mohammed ali runs one of the many shops
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for private customers looking to make the transition to solar panels, which are becoming more popular. but record inflation is putting a damper on solar projects. in this he come, deals are now price is a higher than before, even though taxes in solar equipment are less now. but prices are according to the exchange rate. when the u. s. dollars expensive prices are much higher. let me jump over it. switching to climate friendly renewable sources in pakistan, it's like a race against time. here the threat post spec climate change can be seen on a regular basis. last years, floods alone, cost damages were $30000000000.00. what to do when you're lake fills up with litter? you gone and james catawba has come up with an interesting answer. he gathered the plastic waste on the shore of lake victoria and turned it into
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a tourist boat. catawba 1st started building the boat in 2017 and this led to his creation of a sustainable business, a floating restaurant and bar to serve tourists visiting kampala. he says the boat is made of 10 tons of plastic and can accommodate over 100 people at a time. that's our so you can find us on youtube and facebook. we'll have more for you tomorrow. take care with what happened to the edge tics, the infinite, beyond those days are in the today. private companies are conquering space. what about money, influence and control and profit, and what are the consequences?
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new space, the new revolution, close up next on d, w. hello and welcome to the 77 percent. in this edition, we're going to talk about love relationship. and of course great. we also wanted to find out what people to we tell them and what makes relationships, why he lets me the me and i, let's see here it was 77 percent in 60 minutes on d. w with you become a ready know that kind of to take
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talk with hackers and paralyzing your societies. computers that i showed you and governments that go crazy for your data. we explain how these take knowledge is worth, how they can go for. and that's how they can also go terribly. watch it now on youtube. and die. i vision 6 on february 6th 2018. the falcon heavy rocket took off on its maiden flight.

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