a fire arrested immigration detention center in the mexican road. a city of sodas, waters has killed at least 40 people. authorities say migrants being held at the facility started the fire as a protest. dot quad us is a major crossing coin for undocumented migrants seeking to enter the united states . u. s. a. d w sly from bullhead coming up next chinese e commerce. john alibaba says it's breaking up. stephen beardsley has, has the details on dw business after a quick break, allow soco, and i mean the team pair bonded actually a company with just a thought say what grade level,

and what people have to say matters to us a little that's why we listen to their stories reporter, every weekend on d. w. ah, ah, stephen beardsley, in berlin, here's a look at our top stories. chinese tech giant ali baba announces a split into 6 different companies. one day after bounder jack mall was seen on the mainland following a link. the absence because it's met diverse team according to

a new report. it's the latest sign that the much hyped virtual universe is still struggling to find its feet. book into our show. we begin with chinese tech titan. alibaba 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 le 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. paging cracked down on ali baba and its affiliate ant group in 2021, prompting investor flight winston mazda professor at the n y u. school of law, an 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 been 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 . we 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 view, which 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, the market feels more comfortable and, you know,

very positive context and 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 a 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 a koya. it a regulatory kind of a cation period and a discovery, both china. yes. right. we just touched on the china genocide last

a couple of 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, your internet industry relation in china. that's on the china, 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 regulators like a p, c o, b, the accounting board. accenture, for, for them to be to, to, 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 or funding major infrastructure projects around the world. b gene can help its own companies on the one hand and

improve relations with countries far and wide on the other. what 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 in danger, 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, forcing beijing developed 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 bailout 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's 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. yeah, like under 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 reveals 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 us 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 in bribes to chinese officials in a new indictment bank. been freed as 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 finance companies owned by gambling group, william hill for failing to protect consumers and for applying weak anti money laundering controls of the regulators. so the issues were so worrying that are considered suspending the firm's license. disney will eliminate its med averse program as part of a broader series of cost cuts. that's according to a new wall street journal article. let's go to teddy 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 that 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 better vers 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 matters, 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, e 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 seeing there's invalid watching eco ashtray. com. they've planted over a 100 trees in just a few weeks. and on stopping any time soon, the south african activists are giving nature

a voice by healing the environmental rules of deforestation. eco africa. next on t w. o. on the road caravan along the ancient trade. we discover a country between prefabricated buildings and 1001 night between nomadic tradition and modern nice styles lou discover because tom shambling the silk road by train in 45 minutes on dw. oh, a

currently more people than ever on the move mold wife, in such a better life, won't have us answer which as a committee god, the hello goes out. what does the noun have? is it a mac or a noun? the god actually also condense the potato still nanda bernice. him one back to the gun. find out about robina story info, migraines, reliable news for migraines. wherever they may be done. ah, a good. hello everybody, and welcome to vis new edition of eco africa. get to have you with us. i have chris the lamps.