a new planted marly, tanya will provide germany with green hydrogen, much needed after losing russian gas and a 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, beijing's 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 begging. our correspondent charo car to k a 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 is a 1st to follow these seem to be unconcerned unconfirmed reports because fox gone itself is yet to confirm. in fact, on saturday, it a very give out of any kia got statement and saying that it has not entered into any binding or a definite of agreements with any or state government orders. federal government at india. however, the chief minister of the state of good nautica had did announce that of the site this deal has been signed. and so well basically were 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 situation 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 awaited, but those are very big numbers. now, indian china, of course, has been jockeying for regional economic dominance. what do, what do the news like this mean for a race like that? well, janelle, it will definitely mean an edge for india and of this kind of buzz has already been generated because fox cons chairman has been visiting india in factor 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, not 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 gone is definitely i x, expanding in india,

or rather moving a lot of business from china to india. but of course, there are 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, fox one has already been making eye forms in india. it has had a no facility in the southern seat of time allowed was since 2019 dat 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 for, for our telling, i know we're a new home has been created for which is known as a prototyping center. apart from that does, there are reports that deb 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 as reported, you planning a joint venture with be done to, to enter a semiconductor, to merge set up a semiconductor manufacturing facility as well. supplied a lot on the cards are there. janelle, terracotta chaos from delhi. 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 key 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 exchanges, 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. the future of european energy could rely on africa with lots of sunshine and wind. much of the continent is ideal for generating clean electricity or for using it to

create another clean fuel hydrogen. now, the united arab emirates, egypt, and germany have struck a $34000000000.00 deal and malware tonya, where they'll build a hydrogen facility near the capital new walked shot. it has a plan capacity of 10 gigawatts. the output of roughly $5.00 to $6.00, a standard nuclear power plants. the 1st phase of the project is set to be completed by 2028. now stuff and leaving is the c o con young touch the german developer. on this project, we asked what made my re, tonya a good partner for germany. isabelle, america is considered to be one of the best locations worldwide to produce hydrogen, because it's a blessed with a great wind and solar conditions at the same time, which is important to run electrolysis plans around the clock on. so we believe technical and commercial conditions are very attractive, and mauritania has been

a stable a country in a region that sometimes has ended difficulties. and the government has expressed strong interest to build stronger relations with germany. and this could be a 1st lecture project that will strengthen ties and things, because mauritania couldn't become a significant supply of green adequacy and, and green energy to germany, stuff and leave. and talking to my colleagues, christy applauds and their to argentina now and residents of windows, 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 per cent. pushes the value of the argentine paso down torture. get us. a suburb of what us aris gustavo, do are j, 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 set to increase by 65 per cent. when 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 libra or zona prop in apple at the forum 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 here by the seattle to your visio 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 short,

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 to boise. if on it a local authority. 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. 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 for this new law does not allow,

at least 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 from a b spoke suit to an english draped fit for a duke. several ro in central london is an illustrious name in man's where and now it seems for women's where to one taylor on the famous fashion street is catering specifically to women. having survived the pandemic brags it, and the cost of living crisis. a company says the future is now looking bright as more and more customers are coming in. welcome to london's saddled road where british gentlemen have been buying high and suits since the late 18th century. in

2020 the deck opened as the 1st to women's only store. many thought it wouldn't stand a chance, but it's been so successful. it just moved to a larger location to meet the demand of it's $1000.00 plus push customers. we have historically more difficult bodies, but bodies that don't fit the form of what society tells us. it should be, you know, straight up straight down on having breast this size or above this bagel. and so it's been a huge struggle for women forever to try and find clothes that fit them as they should and have clothes rather than them squeezed themselves into, into clothes and, and make that was a 2 p suit cost well over 2000 euros. now for lot, even for a high end clean tell we're looking at doing the payment plan solutions and stuff to be able to you know,

allow more people to shop with us. and also looking at bringing very kind of small curated beats for liner ready to are made by our same taylors. at is more women fill up management roles the own as best thing on her store to thrive on civil row . that for shelf. thanks for watching with with

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