tv Business - News Deutsche Welle March 3, 2023 12:15am-12:30am CET
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this is dw news live from berlin, and here's a reminder of the top story. we're following for you at this hour. a meeting of the g 20 group of leading nations has ended in disagreement over the war and ukraine on the sidelines, u. s. secretary of some states, anthony lincoln, excuse me, sorry. anthony blinkin and his russian counterpart serg lab rav briefly for the 1st time since the war began. a rider up to date christie plants and has your business update right after a short break. tesla promises to caught cost, but there's still no sign of the car maker. she's up to date. don't miss our highlights. the d w program online. d, w dot com highlight. jan these had 1111 north single woman. mission is to send the fest female jammin israel,
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his late in the gender gap in space exploration. germany's 1st female astronaut has been waiting for years to get her turn. a private initiative is pushing to make it happen. mm. me personally, it's just a dream. i've always had, i've always wanted to see the us for destiny for space starts more, jason on d. w ah, tesla tics off investors. the electric car maker says it will cut production costs in half, but a promised affordable model is still nowhere to be seen. all c u. s. plans to help us al. i keep the lights on. also on our show, india is growing. footwear market means more way on the backend,
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but one business has found a more sustainable approach. welcome back to another d w business. i'm christy plats and coming to you from berlin. electric car maker, tesla ames to cut the vehicle assembly costs by half in future generations of cars . c o. u on mosque has said, but at the company's investor day must disappointed when he failed to unveil a compact affordable model. the highly anticipated vehicle is part of total strategy to capture the mass market. increasing sales volume is key to bringing down prices for consumers. musk said he added that many people would like to own a tesla, but they can't afford one. well to get a market response to this news. let's bring a young quarter on wall street. yeah, and exactly how disappointed were investors that this new model wasn't built? well, i mean we got a lot of vision but not so many specifics. and that's basically why the stock of
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tesla last about the 6 percent in value. having that set the stock and has been up about 90 percent so far this year after the stock on the other side. got pretty much sherman, hampered last year when my oldest had trouble with said twitter selling a test, let's talk and also some other issues. so yes, there was a disappointment on wall street, but then it says that the stock was up quite a bit so far this year. so you could sell say a buy on the rumor, sell on the facts. so that's what happened here in the thursday session with the stock off test up. all right, so not such a bad response. now tests also said they want to be producing $20000000.00 vehicles a year by 2030. that is 10 times their current production capacity. i mean with demand down right now, how realistic is that goal? it is definitely is quite
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a goal. and to put those 20000000 cars into perspective from last year, toyota was the number one car company on the planet selling about 10000000 we killed so. so test love wants to achieve double that figure. one thing is clear if tesla wants to get close to those 20 millions, they would need more effectively than the ones that they have right now. and in the united states and china and in germany. so test a did announce that there will be an opening, a new gig factory and mexico that might be ready and about 2 years so. so a test lead south that saying a to achieve this goal of $20000000.00 vehicles that they might need to invest about $150000000000.00. so we really have to wait and see if that is achievable. but then again, i mean, you grow with your goals and core to in new york. thanks for that. well, moving on to ukraine, which is braving a tough cold. and sometimes dark winter after russia repeatedly attacked power
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stations and other energy infrastructure. millions have been impacted by disrupted supplies of water heating and electricity. yet ukraine's energy sector have persevered. its grid is stabilizing energy provider chron. air. go said there's been no power deficit in ukraine for the last 18 days. but russia, confidence tax are threatening the surviving energy infrastructure. now ukraine's minister of energy was in zagreb to meet with several european counterparts to discuss efforts to strengthen ukraine and europe's energy security. and not the issue is of course renewables. and we could think about solar 1st, wind of course, and that is also the solution for quick decentralization of the generation. so, and even from the military threats for rations, if we could imagine that next winter were still will be in war and they could
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attack us again. i mean, the energy sector again and again, it's very hard to target so many so many facilities around the country, even when they could use missiles or to talk to us more about energy support for ukraine. i'm joined now by the u. s. assistant secretary of state for energy resources jeffrey piatt in washington. jeffrey, thanks for joining me. ukraine's energy infrastructure. it has proven resilient, as we've heard, but it is highly vulnerable at this point. what are your concerns in this area? so my biggest concern, of course, is that the criminal will continue systematically trying to dismantle ukraine's energy grid. the way putting has been doing since the middle of october, i think in key there's a great sense of satisfaction and pride at the risen billions that their system has demonstrated the flexibility that the ukrainians have achieved by cannibalizing
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from one system to another. critically important support from across the international community in particular our g 7 group and i would commend germany's leadership as g 7, president last year in establishing a specific energy focus group that i've been helping to coordinate from the u. s. side. the united states has put a lot of resources into this $53000000.00 of equipment which we delivered last year . we have additional appropriations now from our congress of $1100000000.00. oh jeff, and quite a while. last talk, talking about the one for $1000000000.00. i mean, what sort of solutions are ukranian allies like the u. s. looking at in terms of energy support from ukraine going forward, whether that's in the mid term or maybe even after the war. so we're trying to do 2 things at the same time. one is to undo the damage that vladimir potent has done. so restoring transformer stations,
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helping to build resilience in the grid. and that's something that we're working with very closely on with our european partners. and then also addressing the challenge that you just had minutes or shanker talking about, which is to build back better, to build a new ukrainian energy system, which is more resilient, more decentralized, more european, more focused on renewables, rather than the old soviet system that ukraine had depended on in the past, right. i wanted to ask if you agreed with the energy minister's view that expanding renewables in ukraine would make the grill grid more resilient to rush attacks. what's your take on this? he's exactly right. it's true for the rest of europe as well. that is the greatest source of energy security as an energy system which is decoupled from russian oil and gas, and which is much more focused on renewables. ukraine has substantial potential in the areas of wind, solar bio mass. ukraine also has one of europe, largest nuclear fleets,
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united states and other european partners are working closely with ukrainians in that area as well. so we see a substantial capacity for ukraine to emerge after the war, not just as self sufficient in energy, but as a major provider of energy to the rest of europe. as ukraine has been in the electricity sector up until october, when he's a tax began. we'll have to leave it there. that was the u. s. assistant secretary of state for energy resources jeffrey piatt. thank you so much for joining us. thank you for having. well, india is the 2nd largest global producer of footwear, after china, manufacturing $2000000000.00 pairs a year involving hundreds of production stages that consume energy that's mostly derived from burning coal. but it's not just this waste. the production process itself, places a huge burden on the environment. i'd cobbler's have long been a fixture of city life in india, the small shops, dodge residential neighborhoods and markets. part of
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a traditional repair and reuse economy that extends to shelf life of shoes. it's a sustainable approach, but it's on the decline. india's economic growth has opened up new opportunities for the marginalized communities that long pursued this profession. it's also given consumers greater footwear choices and money to spend on them to day the massive footway industry, jones out products made predominantly of synthetic materials. they're harder to repair and recycle and often end their life dumped in the environment. to former ad leads from delhi, began looking for away forward and started a social enterprise that uses part of its profits to provide shoes to people who can't afford them. being that of you very close to shoes running, renewed our doodle every 4 months. we have to change our so, so that's where we thought or let's go deeper into it. i research and found that there are 50000000 choose which will to learn 52. and at the same time the people
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who are walking barefoot. so this is a clear connect whether if we start repairing the so that the start up cycling the soon, we can our brenda from going to landfills and give it to someone who requires it. green sol has set up a large network of collection centers across india where people can don't need unwanted footwear thousands of old or damaged shoes. slippers and sandals are then processed for up cycling. the entire process is done by hand transforming the separated parts into functional footwear. proceeds from sales have helped provide more than $500000.00 fairs of footwear to school children in rural areas. another company is turning footwear production to cut the wm of junk in the environment. mom buy based startup bar docs makes shoes from discarded, tire tubes, cork, and fabric. this as you're seeing right now,
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is that directly from the dial from the goddard dyer than that usually ends up in dogs. lanfield, this is the upgraded version which also ensures the finance. this is a mixture of or die or with some other elements that are recyclable, unsustainably, by definition, a truly sustainable shoe needs to be durable, made from non polluting, or recyclable material. and it should be manufactured with renewable energy sources . but experts say the best way to minimize foot, where's ecological footprint is for consumers to buy less and prolong the lives of the shoes. the already have global energy related c o. 2 emissions had a new record in 2022. that's according to the international energy agency. the group says emissions rose by 9 tenths of a percent to almost 37000000000 tons last year. and that governments around the
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world have to speed up the global transition to renewable energy. well that's our shout around out the we check in with me tomorrow. i'm christie plats. i'm here in berlin. thanks for watching. into the conflict with sebastian b. e. you says it will stand with ukraine for as long as it takes us with joining the union for a long way to go with the war. now it's 2nd year. what happened for the son, urgency by the you membership here said was so vital my guess is week is a barley, a vice president of the european parliament conflict on
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d. w to the point in strong opinions, clear positions, international perspectives. the war in ukraine is becoming a clash of systems. western democracies are feeling challenged by autocracies, like russia and china. and they are all, cording, non aligned countries like india. so on to the point we ask war and you create our new alliances, dividing the world to the point 160 minutes on d w. ah, hello guys. this is the 77 percent. the platform for africa is used to be beat issues and share ideas. you know, are the channels we are not afraid to capture and delicate because population is
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growing. and young people clearly have the solution. the future belongs to the 77 percent every weekend on d w d . you says it will stand with ukraine for as long as it takes, but as for joining the union, well, there's still a long way to go with the war now and it's 2nd year. what happened to the sense of urgency about membership? the care said with so vital what about the fund that we're pledged to not delivered my guess this week.
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