were coming out, the european union agrees to bomb fossil fuel cars by 2035 after offering germany i confession and why local in hungary are protesting against the construction of an electric door. this is dw business on kate ferguson. thanks for joining me. israel's largest labor union house, called also a nationwide strike after prime minister benjamin netanyahu said he would delay a controversial judicial reform. the announcement comes after tens of thousands of people took to the street to show their opposition to the plan which would 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 an autocracy. one book that's bring in yes, yes, the van founder and ceo of i 8 ventures a platform focused on innovation. yes,

a good to see you. we've really seen the power of unions in this country. we expect a strike every time that benjamin netanyahu tries to push 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 on the how 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. suggest that for an investor is 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 experience this exactly like you've described it 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 what, what are you going to do after that? when you've moved your money the you ask what 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

situation. i think that's the interesting angle that had occurred. many of my peers have worked diligently for many, many years to establish just as the capital of innovation moving from a start up nation into a growth nation. and now we and i apologize for that, we neglected the local scene, and now we have to put our energies 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 reforms. maybe you can explain to me what is the direct link between these reforms and israel, fundamental economic integrity the again i, i want to be, i don't have the one sided on this, but it's actually very, very simple. when the government is trying to control,

they vary an 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 a straight forward the, the, the global side of 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 the strike. and that's the reason we had the thousands and thousands of thousands of people industry. yeah, sure, fine, thank you for, for i think that for us thank you very much. now to some of the 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 agree 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 themes, part of the belt and road initiative have so far failed to pay off financially. the european union has agreed to bomb 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 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 diesel gates scandal and nothing the incentive to switch to electric mobility. the bond on fossil fuel cards is a key part of the ease aim to become climate neutral by 25th. for more in, if we can talk to reporter louise osborne louise, welcome along. what exactly are these synthetic fields that 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

made. say that there aren't enough renew or sources in the to cover e feels 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 is the thing though, that it would be better to be able to transition the, the car fleet in a more steady way using a fuels. there are a lot of carbon units over 250000000. so there's a lot that needs to be done. okay, so just so i understand about right, if i buy a dirty fossil fuel car today 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 or accounts for 25 percent of carbon emissions in the u. so it's a big batch and, 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 the fuels needed to run it, the insurance, these kinds of things because they want to push you obviously to electric or maybe . and 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 plans. huffy met with a fierce resistance from locals. here's why. oh, 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 and a line. so mothers concerned about the potential affects on health. mariam bureau is one of the mothers. she's been taking through the streets for her children, she says, all if the rest 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 waterfall, 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 fetus party like marianna feel let down when she shows us how close to plant will be to residential areas covering at least

220 actors. the size of more than $200.00 football fields, the battery plant is set to be one of the biggest of europe. soy preparation for the plant have already begun. estimated costs. 7.3000000000 euros. scheduled completion year, 2028. many locals here say this far land, the water and the arrow, the region will become toxic. the government says the plans were 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 oregon's longstanding policy to look east. he wants to promote hungary as a hub for electric vehicle, berries, and hunger is currently in dire need of investment. as it struggles with inflation, a we currency, and declining use 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. minister for justice humors come to the region in the street 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. contribution to problem is not with the battery plants in general. environmentally say it, but where they are bill me more years ago or called me hungry. the government wants to set up so many battery plans that they could produce the 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 out of what i shall not be of mocker. the local government endeavored at cent, declined, or interview, or request about the environmental visibility of the battery plant. officially,

the 1st phase 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. we're on the deed of the news channel as well, from me and the business team here in berlin. it's a by, i think with

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in our series, guardians of truth and watch. now on youtube, d. w documentary we're ah ah, this is detail you news live from berlin, tragedy at an immigration center in mexico. heartbreaking scenes after a blaze killed dozens of people at a facility on the border with the united states. authorities say they've launched an investigation. also coming up.