money, i told cornstarch to head up to 2016 presidential election. trump has called the indictment political persecution, vowing to fight it in course. and of course we'll have more on that throughout the next hours here on top of you stay tune up next on dw business. steven beasley has the latest including us president jo biden's, cold, the tougher rules for mid sized bags to prevent. finally, it is more and a w dot com and on social media to at t w. i'm showered great in both in thank you for truth . what secrets lie behind these will discover new adventures in 360 degrees and explore fascinating world heritage sites. d, w, world heritage. 360,

get the app. now we're interested in the global economy. our portfolio d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. east. this is west. ahead with the w business beyond with 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?

ah, 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 strict 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 ford 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 bad 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 carry hot

bowers, a senior fellow at the peterson institute for international economics where he focuses on international trade. gary, welcome to the showed ford announcing its teaming up with a chinese company at a time when the us 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 indeed this inflation reduction act that you referred to. i. it's a lawyers treasure. i mean the rules will be very complicated. and god, if ford missteps, it god only risks money penalties from the u. s. government a but also, you know, the kind of hearings we've had for other companies doing business in china. so

it's a gamble, as you say, i think 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. show sure it's a 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 it's 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

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 talking about doing more mining and refining show 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 rob, much of rail and air traffic across germany to a halt. inflation in germany has rob, hello, 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 drop in the previous month. however, consumers can expect to see much relief with gas and food prices still high in the near term. with a bite administration is pushing for tougher rules on midsize banks in response to

reset lender failures in the us. let's go to and quarter on wall street for more ends. what do we know? what is the by the administration? pushing here for yes. even into what a difference an administration makes it not that long ago under donald trump actually when some of the stress that for instance, some of the requirements for midsize banks were dropped back then by the way, also with some democratic support. so now biden is looking for higher liquidity standards for some of the bank dress tests for mid sized banks. and what i also find particularly interesting, someone recently healed wall street says it's not your grand bank run any more of what we've seen, for example, with silicon valley bank. so now those stress tests are supposed to take into account high speed, digital withdrawals, and the ability of social media to spread information. so all of that,

1st of all will also investigated what part of it played in the recent turmoil. and then also how we can deal with the, well not your grand parts, but your grand kids bank run in their month 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 when there will be a tougher requirements and also when it comes to putting aside more capital. but i mean, this is a 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 ends court in new york. thank you. and shifting gears more than a year into russia's invasion of ukraine signs are growing that 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 countries 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 2 western sanctions also continued to bite according to russia's president, didn't leave for his kaitlin again. he illegitimate 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 it 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 going 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 if the 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 engaged kevin has been detained on espionage charges . his latest report from moscow focused on the russian economy, slow 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. while 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 knows 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 screw demit all nerve, we do everything to the product that i witnessed along a ton of hip just repaired, of course, and audio who watches it, but we're really only the only phone we were i. our bags is sold and the object of the lifespan of 50 sequels yohina has also, i would say that i've never told you that it's full of the iron cruise. 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 as the source for dial some other models. luxury and recycling. not util. exclusive says another watchmaker was innovative models feature, an oil bubble display controlled by magnetic fields that through the dds with the materials we chima level to watch or either recycled

over my productions as them in which we have a confidence dawn of them. we want to be looking like certified as a christian aide, but i also want to become a yamaha would lead a certificate for social and environmental sustainability for some, it's part of the feel good factor when we ring 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 in the business he likes watching conflicts with tim sebastian as the fighting grind zone in ukraine. spare a thought for some of the countries on the edge of the wars i. i'll stay below very these days that small, diverse foreign minister, nico, profess group,

is government struggling to come back. i bring attacks from russia. support is just how long this pro west to the state, even the hope to survive. conflict with on d. w to the point in strong opinions, clear positions, international perspective resident got to me about things announcement that he plans to station tactical nuclear weapons and beta lewis has raised concerns about the father escalation. this is the 1st time since 1919 that russia was deployed outside of this quote. we'd be discussing this shortly on to the point with 60 d w. ah. with who did you do? the food i gave to china fantastic. she survived auschwitz,

thanks to music. he was, the nazis favorite conductor is morally degenerate. ah, 2 musicians under the swastika, a documentary about the sounds of power, inspiring story about survival of the home and go get the tennis. i was the only one. what minded look. music in nazi germany. watch now on youtube, d. w documentary. oh, as the fighting grind, zoning, ukraine, spare thought for some of the countries on the edge of the war zone. a fable of a these days. just ask mo volva, the constitutional provision of neutrality is not enough to ensure mold over security. that's moldova, as foreign minister nico.