say yeah, possibly out, it's the possibility of those 2 possibilities. be stripped of its political rights, would be much more likely to any kind of jail sentence. thanks for that, sam, cower in south paula and key. and set you up today to more world news at the top of the our, steven beardsley has your business updated just a moment, including miss president, jo biden's call for tougher rules for mid sized banks to prevent a fight. i'm good with me. what people have to say matters to us. mm. mm. that's why we listen to their stories. reporter every weekend

on d w. hello guys. this is the 77 percent. the platform for africa. you to defeat issues and share ideas. you know, all these channels. we are not afraid to copy. young people clearly have the solution. the future belongs to the 77 percent every weekend on d w ah, i was the beardsley in berlin. here's a look at our top stories. american car maker ford analysis. another partnership with a chinese company, as it raises to bill batteries, but will it supply chain pass muster with tightening us trade rules?

the white house joins calls for tighter bank regulations, amid recent turmoil. us president joe biden wants regulators to focus on mid sized banks. years after they successfully pushed to be exempted from stricter rules and switzerland shows off its finest watches as sustainability becomes a selling point for more and more luxury buyers. welcome to our show. american car maker for it says it's joining a partnership for a $4500000000.00 nickel processing plant in indonesia. as it looks to ramp up battery production for electric vehicles. ford will join chinese firm jet young, y o cobalt and indonesian mining company p t volley in the venture. it's the company's 1st investment in indonesia and it comes as car companies are racing to secure critical minerals for batteries. it could be a risky bed as rules for a mass of american subsidies package, which will help electric vehicle. buyers remain unclear. those rules, banning companies from using too much raw materials from certain countries. gary

health bowers, a senior fellow at the peterson institute for international economics where he focuses on international trade. very welcome to the show. ford announcing its teaming up with a chinese company at a time when the u. s. is actively discouraging companies and carmakers in particular from including china in its battery supply chains. is this a bit of a gamble for the company? it is you did on this ha, 5 should reduction back that you referred to i, it's a lawyers treasure. i mean, the rules will be very complicated at god. if ford missteps, it, god only are risks, job money penalties from the u. s. government. but also, you know, the kind of hearings we've had for other companies are doing business in china. so

it's a gamble, as you say, i assume they've all looked at it pretty closely. they think they're on the right side of the ledger. but let me add that the ledger keeps moving like keeps moving in terms of discouraging a u. s. firm from doing business in china with china, et cetera. so short to risk companies expecting some of those rules to be clarified tomorrow, already in terms of what they need, where they can source from these companies face another pressure and that is to keep costs low. how possible is it to keep battery costs low without the help of china, which sits on a lot of these minerals and is very active in battery building? well, you're right to raise the question. let me just say on the regulations, the treasure will issue. i used to write regulations and the tried very on tax issues and they are anything but clear. oftentimes they're kind of murky. so all

clear crystal clarity will be elusive. but ah, yeah, you're right. china is the principal refining country for all these minerals, as well as the principal mining country. and the question will be whether some of the critical minerals, which are, let's say, used in japan or europe. ah, you don't have this chinese orientation or origin which is forbidden show it taught. but right now you can't get a lot of these minerals anyplace else. i know that candidates talk about doing more mining and refining so in the u. s. so as europe, but these refineries, they're not built overnight. ah, they're very expensive. and just so it's a, it's a problem as you indicated. all right, that's gary. how far with the peterson institute for international economics?

talking about ford, it's critical mineral resources, and of course the inflation reduction act, which us that many of those subsidies off. thank you very much. thank you. now over to some of the other global business stories making headlines, germany's transport sector could face more disruption after unions rejected a fresh offer of a pay increase from employers. unions are looking for a 10 percent raise. they've been offered 8 percent on monday, a one day strike brought much of rail and air traffic across germany to halt inflation in germany has romfolo 8 percent for the 1st time since last august. price is increasing by 7.4 percent annually. according to the latest figures that's considerable dropped from the previous month. however, consumers can expect to see much relief with gas and food prices still high in the near term. the by did ministrations pushing for tougher rules on midsize banks in

response to recent lender failures in the us. let's go to the ins quarter on wall street for more. yes. what do we know? what is the bite administration pushing here for? yes, even enter what a different some an administration makes it thought that long ago under donald trump actually when some of the stress that for instance, some of the requirements are for midsize banks where it dropped big then by the way, also with some a democratic as so port, so now a biden is so looking for higher liquidity as standards, where some of the beg stress tests serve for a mid sized bang, said what i also find particularly interesting. someone recently healed wallstreet says it's not your grand us bank run any more. what we've seen, for example, with silicon valley bank. so now those so stress tests are supposed to take into account high speed, digital withdrawals and the ability of social media to spread information. so i'm all of that to 1st of all,

but also investigated what parts it plate in the recent turmoil and then also how we can deal with the well not your grand pause, but your grandkids, beg, run in there a month and years to come. so more rigor being called for from these banks, i would imagine they're not too excited about this proposal. well, clearly, i mean hardly anybody is excited to know when there will be a tougher requirement and also when it comes to putting aside more capital. but i mean, this is pretty fresh idea that biden is coming up with if it will get through also remains to be seen. the white house actually believes that they can make those changes even without the majority. and congress, all right, that the court in new york. thank you. in shifting gears more than a year into russia's invasion of ukraine signs are growing. moscow is struggling

under the weight of ballooning military spending. it's now classified or left unlisted, a 3rd of its spending, while the public might not know the specifics. one thing is clear. war expenditures are crowding out much of the country's budget. russia's defense minister inspects his supply lines. but munitions like these are running in short supply, and my new weapons is an expensive business. and when russia is hoping to keep out of the public eye, according to russian finance, ministry, data, unlisted or classified spending has doubled since last year, indicating around a 3rd of the budget is likely connected to the war effort. $31000000000.00 in total, dwarfing all other publicly listed government expenses. each of those stood western sanctions also continued to bite according to russia's president. only briefly 50, let me give you legitimate restrictions imposed on the russian economy. the medium term can indeed have a negative impact on it. this regard, we need to ensure

a sustainable increase in domestic demand in the situation. but it becomes the leading factor in economic growth. i wish you you put in was saying the opposite. just a couple of weeks ago. so what could this mean? i think it means that who it and is realizing that this war is gone to be longer than he anticipated. and that it will be more costly and that it will also demand a lot more sacrifice from the russian population. and so i think what he's trying to do right now is to prepare the public. and also, the elites that does has gone to be longer and more expensive than originally thought. it's unclear to kremlin, can kick start domestic demand according to russian official figures. the country went into a slight recession last year with g d, p. contracting by just over 2 percent. however, that factors in increase military spending, indicating rushes domestic consumption is likely ferrying worse than it seems at 1st glance. meanwhile, in russia, a wall street journal reporter,

evan gish gavin has been detained on espionage charges. his latest report from moscow focused on the russian economy, slowed down amid western sanctions. and with more and more arms needed to keep russia in the fight. moscow's war machine is when heavy on the kremlin coffers. or sustainability often comes with a higher price tag. for luxury watch buyers, that's not such a problem. and watch makers are getting the message, like at a recent trade there for swiss companies. they seem to be floating in time and space. even the company enables horse has elegantly taken off, and miss watches are extremely desirable for collectors, rich collectors in particular, as they retail for thousands of dollars, much lower than the price, the company's ambitions when it comes to sustainability, a mis aims to achieve net 0 emissions by 2050, other than that,

the firm says sustainability is built into the product because it's meant to be treasured forever. to submit all nerve what we do, everything to the product that i went last along, a ton of history report, of course and audio. we'll watch that little yellow light phone. we were i, our bags whistled and the object, the lifespan of 50 sequels. you're enough. also, i would say that i've never told you that it's full of these items crews. however, more can be done and more has to be done as swiss watch makers are facing increased pressure to prove their commitment to sustainability for its current collection. oldest works with straps made for cycle polyester. recycled plastic is the source for dial some other models. luxury and recycling, not mutually exclusive, says another watchmaker was innovative models feature an oil bubble display controlled by magnetic fields. that tooth, indeed the sh with the serial switch. similar to the watch or either recycled over

mutt productions as them in which we have on finance dos and we want to be looking like certified as a christian aide. but i also want to become a yamaha that would lead a certificate for social and environmental sustainability for some, it's part of the feel good factor when wearing the luxury time piece and that's our show for more about these and other stories. you can check us out online d, w dot com slash business for also on youtube or the deed of news channel, or even on facebook for me and the business team. thanks for watching. one tragedy to many vincent. so, luciano had been a fisherman in crow tony italy for 40 years. he was one of the 1st on the beach, when more than 80 people had drowned. since then he can no longer pursue his work.

the drama of international refugee policy destroys so many lives. focus on europe next, on dw, to the point. strong opinions, clear positions, international perspective resident gotten a po, things announcement that he plans to station tactical nuclear weapons and beta rose has raised concerns about father escalation. this is the 1st time since in 1990 is that russia was deploy um, outside of that supportive, we'd be discussing this shortly on to the point with 60 minutes on d. w ah, blue with as to who did you do the full? i'd have to channel fantastic. ah,

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