to a sheet, a lot of sports and yeah, many who are against these issues. so i can, i can imagine that will be a big discussion coming up soon. right. that's very clear. thank you so much for sharing euro insights with a sports journalist hires that i think you're up to date. we'll, we'll do. so the top of the hour next on the w chinese e commerce john ali baba says it's breaking up even badly. have details, no business update in just have a good day. we got some hot tips for your bucket list. romantic corner chat. hot spot for food and some great cultural memorials to mood w, travel off we go. hello guys.

this is the 77 percent. the platform with issues and share ideas. you know, on this channel we're not afraid to talk to young people clearly have the solution . the future belongs to the 77 percent every weekend on d w ah, i'm stephen beardsley in berlin. here's a look at our top stories. chinese tech giant ali baba announces a split to 6 different companies. one day after founder jack mar was seen on the mainland following a link. the absence. disney cuts its met diversity according to a new report. it's the latest sign that the much hyped virtual universe is still struggling to find its feet broken to our show. we begin with chinese tack,

tightened ali baba, investors are applauding the conglomerates decision to split into 6 business units with company shares on the new york stock exchange, surging by 14 percent tuesday. that comes up to reset signals. the chinese government is easing its hard line regulatory stance on the tech sector. under the plan, each business unit will have its own board of directors and be able to secure financing and less stock independently of alibaba, which effectively becomes a holding company. alibaba says the move will speed up. decision making. analysts say could also help it manage government regulation. beijing cracked down on ali baba and its affiliate ant group in 2021, prompting investor flight winston mars a professor at the n y u. school of law and author of the hunt for unicorns winston, welcome to the show. can we say whether ali baba is doing this to ease regulator concerns in china? or is there a compelling business case for this kind of split up?

i guess you can see both, you know, on one hand, and the brother has being a huge, a conglomerate. after so many years of growth, so it's time for some break up to release some of the value out of the conglomerate . because at the very beginning of the bubble with the chinese version of it, if you remember and, and now it looks like the combination of e bay, amazon, netflix, over, and many other pieces into one company. right? so it from a business perspective, it also makes sense to break up the company's into different verticals, so that to call the computer people can develop independently of from the, the business of e commerce, for example, at the same time from a regulatory and comprised perspective. it is also easier, you know, for the different, smaller units to deal with compliance individually,

instead of like a one huge company to deal with multi facets of data regulations at the same time. you know, the beijing has cracked down on tech firms like ali baba in recent years. in fact, this announcement comes a day after the founder of ali baba jack, mom was seen again in china after a lengthy period out of you wish we read into that. yeah, in media who says that it could also be viewed as a package, you know, in terms of managing the market expectation. you can imagine if you don't have the founders, a news, you know, the market may take the company, break up with a little bit with a little bit of surprise. and now when you have the 2 pieces together, you know, this makes the market feels more comfortable and, you know, very positive context. a market believe that the chinese government right is

becoming more positive, more supportive to large internet platforms. and on top of that, you know, the company is, is doing major restructuring out of that confidence in the chinese policy. if china is taking more positive outlook on a tech firms, what does that mean for companies like ali baba when it comes to listing in the u. s. in the future? yeah, i think it's a still an issue of uncertainty for companies like alibaba, as was other many chinese companies listed overseas because this is really a time of i call it a regulatory clarification period. and this covers both china. yes. right. we just touched on the china genocide last a couple years, a lot of regulations change of government. now you have the new government setting

new messages and, and you would see a new normal industry in internet industry regulation in china. that's on the china side around the us side of the these chinese companies, you know, who are listed in the u. s. may still have to develop new political with the u. s. a. c, c. and related to regulators. radical p. c, o, b, the accounting board, etc, for them to be to stay in in the new york stock change in nasdaq. right. that's when my professor at in why you school of law. thank you very much. thank you. staying with china for a decade. the country is ambitious belts and road initiative has been a prominent lever of its trade in foreign policies by funding major infrastructure projects around the world. the gene can help its own companies on the one hand and improve relations with countries far and wide on the other, or turns out the costs have been steeper than expected. a new study now shows that

many of china's loans have fared badly, putting not just borrowers endanger, but also chinese banks. another country is opening its doors to china. this time it's on doris, which could join china's multi $1000000000.00 infrastructure program, the belgian road initiative. but there's more to the mega project than a quick path to investment. many delta road participants have been struggling to pay back billions and loans force invasion to fill out debtors to save its own banking system, which lengthened the cash in the 1st place. china spent $240000000000.00 to be allowed to belt in road countries between 282021. almost 80 percent of the rescue loans were issued between 20162021. argentina received the most with $111800000000.00 followed by pakistan and egypt. 9 countries received less than $1000000000.00. critics have long accused china of loring

developing countries into so called debt traps by offering large amounts of loans. the study shows that the chinese bill loans remain small, but are growing rapidly. beijing on the other hand, rejects these accusations it and says those loans are purely a part of transparent investment projects. georgia, china's carried out investment and financing corporation with developing countries based on openness and transparency. china respects market laws, international rules and a will of relevant countries. china has never forced any country to borrow money or to pay, or we won't attach political conditions to loans. and doesn't seek political gains, you return to silly. according to the study in 2010, less than 5 percent of china's overseas loans were extended to the countries and debt distress. in 2022,

that figure had sword to 60 percent. the study revealed that the loans are drifting away from funding actual infrastructure investments. they are instead moving towards covering their losses one seen as a highway to increasing economic dominance by china. the belgian road initiative is increasingly proving to be a rocky road for beijing's banks and the countries it promised to help. let's take a look now at some of the other global business stories making headlines. the united states and japan have struck a deal on minerals used in the production of electric vehicle batteries. the agreement eliminates barriers on trading the strategically important resources and is expected to allow u. s. companies to source the minerals from japan and still be eligible for subsidies under the new inflation reduction act. us prosecutors of accused sam bank than freed, of offering $40000000.00 and bribes to chinese officials in

a new indictment bagman freed is charged with conspiracy to violate the anti bribery. provisions of the foreign corrupt practices act, the founder of the collapse crypto exchange, f t. x has already pleaded not guilty to separate charges related to allegations he cheated. f t x users of billions of dollars. british gambling regulators have slapped a $24000000.00 fine on companies owned by gambling group william hill for failing to protect consumers and for applying weak anti money laundering controls of the regulator. so the issues were so worrying that are considered suspending the firm's license disney will eliminate its met diverse program as part of a broader series of cost cuts. that's according to a new wall street journal article. let's go to tay austro in new york. teddy, do we know how far along disney was with its metaphors program in the 1st place, and then what is leading it to cut it? well, we don't know that much about the program because we really haven't seen that much

since it basically hopped on the bandwagon in 2021 after facebook changed the name to meta and projected that the meta versus digital universe would be the future of the internet. right, and it was considered a good opportunity for disney because of it's vast, vast content, but now we're seeing, they don't consider it where the investment, it's being wrapped up in a larger sort of restructuring. the company cutting 7000 jobs trying to reduce spending boost cash flow. and this is because the company saw some economic headwinds last year. that includes some stiff competition in it's streaming services, but also other hits across the company, such as at the box office. can we say whether for companies like disney, the timing is just bad for investments in the metaphors right now, or if there's some question about the fundamental mainstream appeal of the metaphors? well perhaps it's a sign that such a large company such as disney is pulling back from this right. lots of companies

hopped on the band wagon not wanting to get left behind and technology. they created all of these executive positions, specifically dedicated to the metaphors, and that includes companies such as procter and gamble ones. you wouldn't expect now with the larger sort of tech downturn that we saw last year as well as specific failure, such as at meta with met over. there certainly is a lot of skepticism and i think we're going to continue to see that already australia, your thank you and finally in new ministers have agreed to a plan to ban the sale of new fossil fuel cars by 2035. after making a lake concession to germany, the tweaked plan allows for the sale of certain combustion engines past 2035, provided they run a more environmentally friendly synthetic fuels, rather than diesel or gas. a critic say the caveat could encourage emissions cheating and then it dampens the incentive for drivers to switch over to electric

vehicles. the ban on fossil fuel cars is central to the used goal of reaching climate neutrality by 2050. all right, that's our show. you find out more about these and other stories online, d, w dot com slash business. we're also on youtube under the dw news channel. i'm seniors in berlin likes watching. oh woman like freedom. cool, that's arabian women, not taking to the streets with my mom risking then line who are fighting against oppression, full freedom. the women in iran, a show of resilience. close up next i d,

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