is remind of our top story at this hour you leaders meeting in brussels, have approved an increase in military aid to ukraine. plan will say ukraine received a 1000000 rounds about hillary ammunition open next year. i sent you up today to i'll have more world years at the top of the our next here on the w business and tick tock, c e o tells the u. s. congress does not work for the chinese government, and it went to the details in just a good thing with . the only way i can be on top is to create my own empire, discover stories with just a click away. majority the destination,

right. find out this documentary with the full subscribe. now i can then tree making raring to read me. if there is any erotic events between them, you'd have to find it between the lines. he w literature, 100 german st. ah, ah, is it time up for tick tock, the social media apps, c e o. testifying to u. s. congress at stake. the potential banning of the app in the united states will get the word from washington. also coming up, ford says it's electric cars division is burning through billions. but can the car

company convince investors it's still in the driving seat? our correspondent on wall street has the answers. and brazil says it's making gains in the fight against illegal gold mining, but affected community say, the damage is already done. it's that time again, d w. business. welcome. is it a harmless video sharing app or a means for the chinese communist party to track your movements and spread propaganda? the head of tick tock was on the defensive in washington speaking before a u. s. congressional committee. c. e. o. show chew faced intense questioning by law makers who fear that beijing is using the app to hoover up sensitive data on millions of americans. to said that the aps owner, bite dance is a private company that does not work for the chinese government, but admitted china based employees would be forced to cooperate with state intelligence agencies. stephens humans has been following the story from washington

for us and dan ives, as a tech analyst from wed bush securities that are let's start with you. set the scene for us. how did the hearing today go for mr. chu? well, to be frank, i don't know anybody who wanted to be in the shoes of mister shoe. i for sure, wasn't willing to do this. why? because it was really aggressive. it was a proverbial blood bath almost. um i, i think he didn't even stand a chance and why? because there were some really unified democrats, as well as republicans in this committee drive to really almost put this into absurdity at some point. it didn't really matter what the tick tock c o said at the end. it was all about proving that there is no independence of tick tock at no guarantee. it will ever be totally independent from the chinese

parent company by dance. and that is a concern for a lot of law makers. of course there's a ton of other issues which they could have asked any other tech company. instagram, twitter, or facebook slash matter is cetera. but it is all and was all about that. and they were aggressive and they didn't that go in at the, at the end, it seemed like really it doesn't really matter. and it didn't matter was that that tick tock, c o said it was a done deal. they don't trust a tick tock and they kind of wanted bent and done. you've described his testimony as a disaster. how serious is this for take talk. so i don't think there is a disaster and it sets the scene where a tick tock likely is going to get back in the us. and you're forced to be sold or spun off. i think there were just no concrete answers on the data around china and i think you ought to tight room. and this is ultimately something where i being now in the clock struck midnight from tick tock. 7 in the u. s. current form and then

how justified are the concerns of the committee? i think clearly there's no us china cold tech, we're going on. they become the person child. there are with gentlemen concerns around the data, the access they don't know where it all my employees and i think, you know, you come out of this, i think ultimately more questions than answers in terms of weeks from the china beijing data component. ok. but then pick talks, pledge to separate us citizens data, saying all of the servers would be based in the us and overseen by a 3rd party. in this case, the computing from oracle. don't you think that would be enough to lay the concerns of lawmakers? book has studied for years. right. and i think that's really the next step in terms the ruling from there about how secure that would be or call it's one of the best

brand stalwarts within the us. so that's clearly, that was their sort of way to sort of rectify the situation, but he was like, the way this is playing out that that's probably not going to awesomely ally, there's theory next. the issues here. so you mentioned serious the committee on foreign investment in the united states that interviewed or, or heard the testimony from mr to just now stephan. i'd like to go back to you the final word. what happens next in this case? well, there will be more questions from the committee members or forwards via email or in any other means to the, to clark c e. o. and he has a, a tight time for him to answer those. and then there will be at some point, maybe another hearing or if the committee decides they heard enough a recommendation to put a put possible ben a to vote on the, on the floor to the house house of representatives. keep in mind, and this is what everybody needs to keep in mind. those committee hearings are

serving a political purpose for the committee members who are playing of course, and use this as a platform to play, to their own constituencies and to rally their troops. but keep, also in mind, and that's the bigger picture. this all matters also for 2020 for the presidential elections because national security, china is an adverse her adversary to the united states. as the other year said, tech cold tech course between u. s. and, and china, these are top topics in the presidential election, 2024. so they have it. that is also why president biden and the white house and by new administration says we sell it or you get bent and uncertain future for take talking today. certainly didn't help stephan demons in washington and dan ives, in sunny california. thank you very much. staying in the us. ford says it's electric vehicle division has lost $3000000000.00

over the past 2 years. and it says it expects to lose another $3000000000.00. this year with more to come after that it's as the losses stem from necessary investments as it brings production facilities online in the us, telling investors to see the car maker like a startup. and teddy austro is in new york with more on this forest teddy. how does ford explain this massive loss? well, you write, daniel, this is a massive loss in the v department of the company, bigger than the last 2 years of losses combined. certainly sent the stock down about 2 percent. that ford is trying to make the case that this is the cost of doing business. after all, ford is one of several automakers that are vying for a top spot in the green energy transition. they would like to be selling only 0 emissions cars by 2040. now they're doing this through investment investment, big $50000000000.00 through the end of 2026. now this is in developing new models.

this is and building factories that actually build these cars as well as the electric batteries that fuel them. now it's important to know that ford actually isn't losing money. this is the, this has to do with their e v department. they are expecting to do better than last year just among their combustion engine vehicles. so they're doing fine overall. but what sports plan to start turning around it's e v. manufacturing business. well, let's remember, the tesla actually lost money for the 1st decade of its existence and now is the top e v manufacturer. ford is number 2 and has a long way to go. they are trying to jump started through these investments of this start up like department. it's actually a part of a larger shakeup at the company. they're trying to fund these investments through their combustion engine, vehicle sales, but of course they have stiff competition. us automakers, foreign automakers,

and of course tesla and a big hurdle will be the cost of batteries which are sky high. they will hope that to see them decrease, but they're quite optimistic for saying that they will be manufacturing $2000000.00 automobiles, electric vehicles per year by the end of 2026. and they're hoping for pretty hefty profit margins will test. are always argue that it was more of a tech serve and now seems ford is doing the same. teddy austro on the new york stock exchange. thank you. illegal gold mining has long been a problem in brazil, a new government agency is now fighting back and report so that is making good progress. but for many indigenous communities in particular, it's a stubborn scourge. and they're worried that the damage has already been done. brazil's federal police are calling it a new era in the battle against environmental crime and in defense of indigenous people in the rain forest. the newly created environment and amazon department of

the federal police says it ousted nearly all of the illegal gold minors from the yano mommy people's territory in northern brazil. illegal gold and other mineral mining has devastated the region which is about the size of portugal. not just polluting rivers and scaring off wild game. miners have also threatened indigenous people with firearms. that's all lead to higher numbers of malaria, malnutrition illnesses and dad's. work well is so central to the community. they are 180 communities and approximately 14215000 gentle mommy, people in a state of emergency stuff. jim, a federal police say they focused on seizing equipment, including dredging raf, speedboats, and plains equipment is often and also destroyed. please say this engine was used. any legal gold mining authorities say they've confiscated $1.00 kilos of gold and

it's gold and other precious metals that bring illegal miners like this one to the region illegally. mind sources account for roughly half of the gold exported by brazil. the government is considering laws to crack down on gold laundering, but that would require electronic receipts, which is but he sees it the hell. we need a structure that isn't based on good faith seizure policy either. it has to be on the approval for origin than a robust legal tracking system through text document and sort of the, the hash, the lead gao authorization and the police were well support whenever there is a suspicion that legal parameters were not followed us were boy to see if go over once, policy us the gifts farms leg i can for offended. indigenous people are suffering immensely due to illegal mining. how well a federal police say they are now conducting an investigation into what could be

a genocide of the yano mommy population. but many miners have not been arrested, and the fear is they'll move on to other regions of the amazon to continue their illegal operations. before we go, a reminder of our top story take talk ceos appeared before us congressional committee to answer questions about the apps. use of use of data the lawmakers are considering whether to recommend an outright ban of the app in the us and you're up to date with a d w business from me and the team here in palin. thank you very much for watching conflicts own with sarah kelly as the fighting rages in russia's war of aggression against ukraine. the international criminal court has issued a warrant for putin's arrest. my guest this week on conflict zone has called the deportation of children, a genocide and demand justice, ukrainian m p,

and chair of the parliamentary committee on integration of ukraine for the e. u. ivana claim push in sada joined me from to conflict zone for next time on d. w to the point in strong opinions. clear positions, international perspective as russian missiles and drones blasted ukraine, chinese president vision ping concluded what he called a journey of friendship and peace to moscow. could this friendship make china the winner as the ukraine war drags on find out on to the boys? to the point. in 60 minutes on d w week. ah, ah. willing to go on field. yes. citizenship

a man. we're all in. as we take on the we're all about the stories that matter to you. whatever it takes, policeman follow with w flyer made for a new tag along to this visual hotspots in germany, europe and the world d. w. travel extremely worth a bit. o. as the fighting rage is in russia's war of aggression against ukraine, the international criminal court has issued a warrant for pollutants arrest, accusing him of the war, crime of unlawfully transferring, at least hundreds of children from occupied areas of you praying to russia. my guest this week on conflict zone has called the deportation of children, a genocide.