stronger and safer, but for now the finish of feeling relieved with a renewed sense of safety feature. now for the business news with stephen burglary, including use president biden's call for a tougher rules on mid sized banks to prevent future failures. don't forget there's always more news and analysis around the clock on d w dot com and you can of course follows on social media. our handle there is at dw news. i'm the call for the kimberline. thank you so much for your company with oh, what people have to say matters to us. mm. that's why we listen to their stories. reporter every weekend upon

d. w. hello guys. this is the 77 percent. the platform for africa, you to the faith issues and share ideas. you know, on these channels, we are not afraid to talk to kids talking to young people clearly have the solution . good future notes 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?

white house joins calls for tighter bank regulations. amid recent turmoil. u. s. 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 for its as its 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 is 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 bet, 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 here huff

bowers, a senior fellow at the peterson institute for international economics where he focuses on international trade. gary, welcome to the show. 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 your deed, arb this ha, 5 should reduction act 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. 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 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 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's taught, but right now you can't get a lot of these minerals anyplace else. i know that candidates talked 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 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's 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 and germany has dropped below 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 from the previous month. however, consumers can expect to see much relief with gas and food prices still high. the near term the by did ministrations pushing for tougher rules on midsize banks in response to reset lender failures in the us. let's go over dns quarter on wall

street for more. yeah. and what do we know? what is the by 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 mid sized bangs, we're dropping them by the way. also with some democratic support. so now biden is looking for higher liquidity extended through some of the bank threats, tests for mid sized bang said 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, but also investigated what part of it plate in the recent turmoil and then also how

we can deal with the well not your grand parts, but your grand kids background in their month and years took up some 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 has excited when there will be a tough 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 why tell us actually believes that they can make those changes even without the majority and congress. right, that the court in new york. thank you. and shifting gears more than a year in 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 were expenditures are crowding out much of the countries budget. russia's defense minister inspect the 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. major western sanctions also continued to bite according to russia's president don't leave for his he, italy, mcgee, he legitimate restrictions imposed on the russian economy. the medium term can indeed have a negative impact on it. in this regard, we need to insure a sustainable increase in domestic demand in the situation. but it becomes the

leading factor in economic growth. i wish you used put in was saying the opposite. just a couple of weeks ago. so what could this mean? i think it means that futon is realizing that this war is going to be longer than he anticipated. and that it will be more costly. and that had been 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 increased military spending indicating rushes domestic consumption is likely ferrying worse than it seems at 1st glance. meanwhile, in russia, a wall street journal reporter engage kevin 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 was a st ability 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 a recent trade there for swiss companies. they seem to be floating in time and space. even the company logos horse has elegantly taken off. a mis watches are extremely desirable for collectors, rich collectors in particular, as they retail for thousands of dollars, much lower than the price. the companies ambitions, when it comes to sustainability, a miss ames 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 school with all nerve, we do everything to the products that other last along a ton of history repaired. of course that always will watch it. but when we go here, i phone, we were i, our bags, us on the object, the lifespan of 50 sequels. your eat of years also, i would say that i've never told you that or spect full of higher matures. however, more can be done and more has to be done as swiss watchmakers are facing increased pressure to prove their commitment to sustainability for its current collection. all this works with straps made for cycle polyester, recycled plastic as the source for dial some other models. luxury and recycling, not mutual exclusive says another watchmaker was innovative models feature an oil bubble display controlled by magnetic fields. that tooth indeed, the shore, the materials we chima level to watch or either recycled over my productions as

them in which we have our confidence dos and we won't have a book and watch or fight. i need it, but i also wanted to yarmouth. 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 he likes watching conflicts with tim sebastian as the fighting grimes own in ukraine. sparrow thought for some of the countries on the edge of the was a stable of a these days that's moldova foreign minister nicu corpuscle, government struggling to come back,

i bring the tax from russia and it supported just how long this pro west to the state. even hope to survive. conflict with on d. w to the point. strong opinions, clear positions, international perspective, president god, maple things announcement that he plans to station tactical nuclear weapons and beta has biggest concerns about the father escalation. this is the 1st time since 1990 that russia has deployed outside of this phone has been discussing this shortly on to the point with 60 minutes on d w. ah oh, this is to fluid. you do the food i think to tenant fantastic. ah,

she survived auschwitz, thanks to music. he was the nazis favorite conductor. he is morally degenerate. ah, 2 musicians under the swastika, a documentary about the sounds of power, inspiring story about survival of the home and don't get the tennis. i was the only one what 9 did luc music in nazi germany. watch now on youtube, d. w documentary. as the fighting grind, zoning, ukraine for thought for some of the countries on the edge of the war zone are stable of a these days. just ask mo volva, the constitutional provision of neutrality is not enough to ensure mold over security. that's mobiles foreign minister nico passcode is government.