Skip to main content

tv   Business - News  Deutsche Welle  March 28, 2023 12:15pm-12:30pm CEST

12:15 pm
terry and crisis sincerely as north west is far from over. and a reminder now of the top story that we have been following for you here on the w news. ukrainian defense minister alaska resident off as welcome to the delivery of the 1st british delivered challenger to battle tanks. london has pledged to send 14 challenges to keep berlin announced on monday that it had also delivered 18 long awaited german leopard to text. up next my folly cake, ferguson takes the business news to stay around with us if you can for that. i'm sarah kelly and berlin. thanks for watching with oh, what people have to say matters to us. m. that's why we listen to their stories reporter every weekend on
12:16 pm
d. w. hello guys. this is the 77 percent the platform with issues and share ideas. you know, on this child we are not afraid to talk to the kids to talk to young people clearly have the solution. good future with the 77 percent. every weekend on d w. the israeli neighbor unions, coal, or a massive nationwide strike after prime minister benjamin netanyahu agrees to denay controversial. traditional reform is economic language. netanyahu understands
12:17 pm
all coming up. the european union agrees to bond fossil fuel cars by 2035, or offering germany a confession. why locals in hungry are protesting against the construction of an electrical plugs. doors this is the w business. i'm kate ferguson. thanks for joining me. israel's largest labor union has called also a nationwide strike after prime minister benjamin netanyahu said he would delay a controversial judicial reform the alliance when comes after tens of thousands of people talk to the street to show their opposition to the plan, which was a road the power of the supreme course, business leaders, economists on security chiefs are among those warning that the proposed legislation would push israel towards on autocracy field. when i'm, that's bring in. yes. c van founder and ceo of i a ventures
12:18 pm
a platform focused on innovation. yes, a good to see you. we've really seen the power of unions in this. can we expect a strike every time that benjamin netanyahu tries to post through an unpopular reform? well, this is an interesting good question. i think we have never seen such a strike. it was a strike that combined both the unions, the employers, the local businesses and the global business has all combined together. they were unified against the government, against the b, b. it's on the out to make sure that this was a glide toward the hell is not continuing. so i guess every time they will feel weird lighting to hell they will last right back. all right, well i'm not a recent report from that calculus business publication suggests that foreign
12:19 pm
investors helping, pulling billions of dollars out of israel since the new government was born in you work in the tech industry. how do you personally experienced this exactly like you described in as a company, we moved our money to the u. s. and very simple way. nobody wants to work in a dictatorship. it's very simple. and all. what are you going to do after this? when you've moved your money the us for next. so everybody is embracing for a very, very difficult year, both locally and globally, meaning we're not seeing any capital coming into israel in the near future. and we're also seeing capital and employees and innovation and energy and positiveness is moving away. even worse than that, the energy of the high, the brightest of people in israel are now being directed internally to fix the
12:20 pm
situation. i think that's the interesting angle that had occurred. many of my peers have worked diligently for many, many years to establish as the capital of innovation, moving from a start up nation into a growth nation. and now we and i apologize for that. we collected the local scene, and now we have to put our energy into the local scene again to fix it. now, some economists are warning about if i could lose it's a plus credit ratings over these traditional funds. maybe you can explain to me what is the direct link between these reforms and is around fundamental economic integrity the again, i, i want to be don't be one sided on this, but it's actually very, very simple. when the government is trying to control,
12:21 pm
they very no independent legal system that we have here. business people are afraid. they're afraid that so suddenly they're going to be all kinds of new rules and nobody would protect them. they're afraid that the ip would not be protected and who wants to do a business in such a way. and it's so it's, it's straightforward. the, the, the global side of the israel is recognizing that this moves are not going to be good for the economy. and they haven't already acted, and it's like a belief that starts to emerge now within the business leadership. and therefore everybody wants to stop it. and that's the reason we had to strike. and that's the reason we had the thousands and thousands of thousands of people industry. yeah, sure. so fine, thank you for breaking down for us. thank you very much. now to some of the
12:22 pm
other global business stories making is united states on japan. how struck a deal on electric vehicle battery minerals? the aim is to strengthen us japanese collaboration on bought for production in order to reduce dependence on china for the required minerals. the 2 countries agreed to review the deal every 2 years. researchers from the world bank say china has spent well over $200000000000.00 to ease the debt burden of countries that borrowed money to fund infrastructure projects. many of the schemes, part of the belt and road initiative have so far failed to pay off financially manageable. the european union has agreed to bond the sale of new fossil fuel cars by 2035, after offering concessions to germany. a deal comes after months of negotiations following an unexpected, 11th our objection from berlin. under the terms of the new deal combustion engines
12:23 pm
will still be allowed to be sold as long as they run on more environmentally friendly, fantastic fuel. rather than diesel or gas critic say, the caveat could encourage emissions teasing as was seen in the decent gates scandal and nothing. the incentive to switch to electric mobility. the band on fossil fuel cards is a key part of the ease aim to become climate neutral by 25th. for more in this we can talk to report her louise osborne louise, welcome along. what exactly are these synthetic fuels are exempt from the bomb. so we're talking about things like e curse in the mess and all e methane. these are fuel sort of made using carbon dioxide emissions and hydrogen, and a key component of that is also electricity. now depending on whether they use renewable electricity or electricity made from fossil fuels, will would tell us whether these e fuels are actually carbon neutral or not critiques of this decision that has been
12:24 pm
made. say that there aren't enough renew also says in the you to cover a fuel being made a fuel. so actually 5 times more energy intensive or need 5 times more electricity than electric batteries for example. so this could be a big problem support as the saying though that it would be better to be able to transition the, the car fleet in a more steady way using e fuels. there are a lot of cars in the u. s. over 250000000, so there's a lot that needs to be done. okay, so just so i understand the bottom line. if i buy a dirty fossil fuel card to day and i still have it in 2035. can i keep it? you can keep it so you can keep running that car for as long as you want. essentially, i mean what the e was doing is they want to try to cut carbon emissions. transport is worth $24.00 or accounts for 25 percent of carbon emissions in that you so it's a big batch and,
12:25 pm
and they want to cut that down. it just means that the car that you buy, for example, would have, would end up being more expensive essentially in terms of um, the fuels needed to run it, the insurance, these kinds of things because they want to push you obviously to electric or maybe an if you will run current at and electric vehicles are looking to be less expensive by 2030, some studies say 10 to 30 percent more or less expensive. so maybe, you know, if you're purchasing a car, you want to think about those things to very well explain. thank you so much though . is osborne now the rust to embrace cleaner mobility has highlighted the need to ramp up the production of electric batteries. but getting projects off the ground isn't always straightforward. in hungry plans to build one of europe's largest electric battery plants huffy met with fierce resistance from locals. here's why. oh,
12:26 pm
in the suburbs of debits and people are angry and frustrated over the construction of a massive chinese own battery factory for electric vehicles. thank you. good, good news, the environmental, lofty, and nobody cares about the interests of the people who live in this region in the group behind the protesters, mothers against a battery factory in the line. so mothers concerned about the potential effects on health. mariam bureau is one of the mothers. she's been taking through the streets for her children. she says, oh, eat their best. okay. plan to spend our entire lives here. that's for sure. now we're concerned about lack of water about water pollution. what they'll allow to go into the water, because then i can no longer trust that what i buy from local producers is organic viewers available. so deborah, sending east hungary is a government strong. but many here who support the ruling fittest party like marianna feel let down. when she shows us how close to plant will be to residential
12:27 pm
areas covering at least $220.00 actors. the size of more than $200.00 football fields, the battery plant is set to be one of the biggest of huron soil preparation for the plant have already begun. estimated costs. 7.3000000000 euros. scheduled completion year, 2028. many locals here say this farm land, the water and the arrow to region will become toxic. the government says the plant will create new jobs and people's concerns are based on fake news. china's growing foothold in hungary is no surprise. it is part of our bonds, longstanding policy, to look east. he wants to promote hungary as a hump for electric vehicle, berries, and hunger is currently in dire need of investment. as it struggles with inflation, a we currency,
12:28 pm
and declining you subsidies. resistance for the plan started to grow after the drought last year, dried up this lake near the construction site. the water is back for now. but environmentalists are concerned. minute tube for justin's zoom has come to the region in the st. capacities expands, the needful water will roll and it will worsen the situation. water doesn't come by itself, and water only comes from rainfall caught with your new one for to problem is not with the battery plants in general, environmentally say it, but where they are. bill just measure me more years ago or call me hungry. the government wants to set up so many battery plans that they could produce a 5th of the entire you supply o'clock. that means hungary would produce batteries for so many people on $8.00 to $10.00 times more than the current hungarian population needs. and hungarian resources very likely can't cope with that amount or you are that of what i saw maybe of marker the local government in deborah at cent,
12:29 pm
declined or interview request about the environmental visibility of the battery planned. officially, the 1st face of construction has been approved. for marianne, it's clear if to plant isn't stopped, she wants to put her house up for sale. and li, and that wraps up our show from where you can always check i t w dot com slash business were on the d. they'll be news huge panel as well for me and it is a theme here berlin, it's a bike. i think i think
12:30 pm
wood stoves are back and with them particle pollution to save money, germans are turning on their fireplaces. it's cheap and cozy because his massive air quality problems, scientists are sounding the alarm, demanding all fireplaces be equipped with catalytic converters tomorrow to day. next on d w 2 .

18 Views

info Stream Only

Uploaded by TV Archive on