minister at the airport, which is behind me before he flies on to italy. that's the benjamin and young, of course, lying on to italy and went off and going back to the u. s. protesters meantime very clearly making their point. we can see that they've actually stopped there behind you for a little bit or rebecca reuters joining us just outside of been korean airport. thank you so much for your reporting and coming up next year and they'll be news. it is business with my colleague to now, to milan, so just stay with us if you can for that. in the meantime, i'm sarah kelly and berlin. thank you so much for watching with with our flying rivers created by waterfalls,

throwing water particles into the air b, trees, sweating out up to 1000 liters of water in a day. or sea forest fires evaporating large amounts of moisture tune in to get the answer. learn more about this phenomenon with the invisible river that flows through the sky starts march 23rd on d w or ah, a race between 2 regional powers. apples top supplier fox con, has its eye on india, as a fix to diversify away from china. also on the show clean

energy from africa to europe, a new plant, and my return yell will provide germany with green hydrogen, much needed after losing russian gas and residence in argentina. find themselves having to compete with tourists for housing. as more landlords charge rent in dollars, this is the w business. i'm janelle dumas on, welcome fox con, wants to boost its production in india as the company seeks alternative production sites outside of china. fox con, which assembles i phones for apple, is aiming to rely less heavenly, heavily on the world's 2nd largest economy. be james 0. coven policy force that fox con to cut production from month. geopolitical issues including concerns over a possible chinese invasion of taiwan are also a growing concern as firms could be vulnerable to any future western sanctions

imposed on beijing. our correspondent chart cartucker joins us now from delhi. hi charo. now, can we tell at this stage what this deal will mean for india's economy? well, janelle, of earth, 1st of all, these seem to be unconcerned unconfirmed reports because fox corn itself is yet to confirm. in fact, on saturday, it, it very give out of etiquette statement and saying that it has not entered into any binding or a definite of agreements with any a state government or the federal government at india. however, the chief minister of the state of good nautica had did announce that of the so this deal has been signed. and so we're basically, we're whatever a little we know about this is because of the statement of the chief minister. and he said that this plant is going to create about a $100000.00 jobs locally. now this would be a major boost for the employment distribution in the country. also,

there have been a report that this will be a $700000000.00 investment, which again, is a big deal given the current investment climate, as well as the unemployment situation. janelle, so final confirmation stella waited, but those are very big numbers. now, indian china, of course, have been jockeying for regional economic dominance. what do, what does the news like this mean for a race like that? will janelle, it will definitely mean an edge for india and her disgust buzz has already been generated because fox scans chairman has been visiting india in fact, or his recent visit lasted about a week long. and he met of various officials who mr. murray met chief ministers of various states, and he also met prime minister there in the movie. so the buzz is very clear of. we know that fox one has already had a presence in here for a long time. but now the chairman's week long visit and these other reports seem to

be suggesting that fox con is definitely i x, expanding in india, rather moving a lot of business from china to india. but of course, they're a big numbers involved. so this shift might unfold over a long period of time. janelle, as you say, they're not the only deal involving fox con on the table in india. well, more can you tell us about fox kinds presence there? well, stock stone has already been making. i forms in india, it has had a facility in the southern seat of the mulatto since 2019 that facility employees are fee, about 35000 people. apart from that or when the fox and chairman was in india recently signed a deal in another south in the state of our telling gonna we're, a new home has been created for which is known as a prototyping center. apart from that does, there are reports that del fox gone also. what also wants to get into electron ago,

manufacturing of electronic vehicles in its new facility, which is likely to come up in bangalore, income nautica. and then it is also i in the semiconductor space, which india is also trying to promote the federal government is trying to promote india as a semiconductor destination of the future. and fox gone, i was reported you planning a joint venture with bid and are to enter a semi cont, a to merge set up a semiconductor manufacturing facility as well. supplied a lot on the cards are there. janelle, terracotta chaos and deli, thank you very much. now to some of the other global business stories making news, the dodge government is planning a new restrictions on semiconductor technology. exports to quote, protect national security. the u. s. first imposed sweeping restrictions on china last october. but in order for the restrictions to be effective, it needed,

he suppliers in the netherlands and japan to get on board talks had been ongoing for months. us crypto lending bank, silver gate is shutting operations. it was one of the major banks for crypto exchange is like defunct f t x. silver gate says all deposits will be fully repaid, as the company winds down, the bank has been struggling for months. it reported a nearly $1000000000.00 net loss in the 4th quarter standard and poors as downgraded south africa's outlook from positive to stable. citing severe power outages no locally as load, shedding wide spreading power cuts are carried out several times a day by state owned energy utility s. com to avoid a total collapse of the grid with outages lasting up to 10 hours. now speaking of energy, the future of european energy could rely on africa,

where the lots of sunshine and wind, much of the continent is ideal for generating clean electricity or for using it to create another clean of fuel hydrogen. now, the united arab emirates, egypt, and germany have struck a 24000000000 dollar deal in mallory tanya, where they'll build a hydrogen facility near the capital new act shot. it has a plant capacity of a 10 gigawatts. the output of roughly $5.00 to $6.00 standard nuclear power plants . the 1st phase of the project is set to be completed by 2028. now steph, on leaving is they c o of con young to the german developer. on this project, we asked what made me re tonya, a good partner for germany. germany at the moment, important 2 thirds of its energy needs in the form of fossil energy, oil, coal, guests. and if you want to become green by 2045 in the law, it's only going to happen by turning some of these in quotes into green products

and impulsive green product. and more retailer has the potential for taking advantage of that lead and demand in producing hydrogen based. they're reverse. ok, and what happens now that all parties are on board with this project? where does it go from here? you signed an agreement today to join, to develop a 1st face pilot face, going to have a size of 400 megawatts in thomas's capacity. and we're now going to use the next few months to undertake initial studies to check wind solar or characteristics of the site to do it detailed technical planning and to look out to financing. and then we're going to go full speed in building the 1st pilot face of the project on the ground. oh, you just mentioned wind and solar. i actually wanted to ask you, you know, i understand this was a hydrogen project, but more a 10 years,

also known to be well suited for women solar. so you're saying it will be both or, or can you explain that to me? we're going to build a plant that is going to produce green hydrogen and the projects that make it a bit easier to transport. an electron. this is going to be fed. i agree, and christy, that's the main important component to produce hydrogen. and that green electricity is going to be coming from new wind solar p v feels in the area that we need to build ok stuff and leave and talking to my colleagues kristy plaids and their to argentina now and residents of when was iris and other argentinian cities say that unregulated tourists rentals are pushing them out of the housing market. that's as tourist dollars are quickly becoming more preferred among landlords. as an inflation rate close to 100 percent pushes the value of the argentine pesto down torture. get us a suburb of white house aris,

gustavo duarte had to move here and into a home without running water or sewage. it's almost 2 hours by bus and train to the argentine capital. gustavo used to live in the capital, but then his rent was said to increase by 65 per cent. what he looked for other options, he found many apartments in the city were being offered only to tourists on platforms like air b and b. booking, mercado lea bray, or zona prop in that letter form on most of these recognize such platforms that types of search, for example, either permanent or temporary rentals. and if you set the filter for permanent apartments, those are not available yet. but if you look for temporary rentals, options appear. see about a sienna chin gear. vcr munoz is the president of the argentine tenants association . he shows a map of the 20000 apartments in buenos aires that are offered on air b. a. b munoz is calling for the regulation of tourist rentals. just like in other

cities around the world such as paris farce, alona, berlin, or new york. it follow sequoia show what i like. this type of business should only be able to operate in a very touristy areas, where there must also be a percentage of tourists rentals. also, the number of nights for a tourist rental must be limited to electric sip with a plan, a local group. alejandro is a retired chemical engineer who inherited his mother's apartment 10 years ago. he had been renting it out to tourists for 8 years. so he government, in my family, we've had experiences in the past with apartments that we rented out. the tenants never paid the rent or so those people lived there for free for 2 or 3 years. the president of the argentine real estate chamber admits that taurus rentals are reducing this life permanent housing. but he blames this mainly on a law that has extended the term of rental contracts since 2020 but this

new law does not allow a lease to be signed for less than 3 years. and the rent increase will not take place until at least one year. but then inflation has already eaten up that rent increase. we have an annual inflation rate of almost 100 percent. while gustavo has to get used to his new home, the government of what else areas has not yet outlined. next steps to combat the larger problem. air b and b only answered that quote. they will continue to work with authorities and other stakeholders to find solutions. and a reminder of our top story diversifying out of china. that's what i will make, or fox con is trying to do as the company looks to india as another production site . box. cons business suffered last year under massive coven shutdowns ordered by bay jake. one of the many reasons the company is looking for alternatives. that's her shelf. thanks for watching

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