heart that got all from my heart. malaga is very beautiful. i with it's all for me, but coming up next after a short break is your d w. business updates. i'm aaron chilton. berlin, thanks for tuning in. 3 . come have a g g county. the highlights you every week in your inbox, subscribe. now. i tried several times. i went one on 6 times to increase his throat. i have to land line from 500 to 600. you currently more people than ever on the move worldwide in such a life. you know, this is a very difficult journey. and 13 on the cortisol is very hard. they beat

you, they think, oh, it rooting all your stuff. find out about some man story. in so my going reliable news to migrate wherever they may be. ah, a plunge and operating profits of 95 percent. that's what samsung is expecting 1st quarter earnings to show as memory chips sales were hammered by a global downturn. we'll have expert analysis on where global ship demand and production is headed. also the ship. india is looking to massively expand as green energy generation, even as its economy is still heavily reliable cold. we'll hear from our correspondence what to make of the practice of cobra. welcome to the program.

samsung electronics is looking at it's worst quarterly earnings in almost 15 years . the south korean tech jain saying it expects profits in the past 3 months to have plunged by more than 95 percent to $455000000.00. samsung says, memory demand has dropped sharply due to the global economic downturn. chip prices have fallen by about 70 percent of the last 9 months of shoppers have been cut back on purchases. amid rising inflation, the samsung groups most important subsidiary received some support through solid smartphone sales. i'm dr. now by june park, she's a political economist at schmidt future. she joins me from sol, welcome to the w june. now we all know that inflation has been biting the economy could have been better, but a drop and profit of 95 percent. that sounds brutal,

operating profit to be exact, and the company has not yet released the net profit losses. so we'll have to look forward to the reporting that comes from something out, and it's at the end of the month. but, but then again, what you pointed out, operating profit i does, it's not the full picture yet, but what are we to make of that development? what sure is then some song, some songs main, a d by solution area which, which are on memory chips. they performed a poorly during the sluggish demand and mainly impacted by the consumption lack of consumption from china, and that the competitors as k. hi, next. and my con, they already decided from a late last year. so they're at the end of 3rd and 4th quarters of last year, both competitors decided to go about decreasing their production.

so it's a time that samsung electronics started to, you know, shift gears a little bit more to, to fit the market. trent. yeah, i was gonna ask, i mean, what does it mean now that, oh samsung says it wants to caught trip production in a quote, meaningful manner meaningful manner and that they cannot, ah, explicitly state how much they are going to cut given this is a very cut throat competitive industry, but at the same time that they are willing to shift the markets so that the dram prices and nan flash prices could go on. let's try to look at the bigger picture here. i mean, not long ago, semiconductors were in high demand, accompanies actually have to scale back production because the central ships were missing. what does the picture look like today? base, you're thinking about different kinds of chance. we still have shortages in different

parts of the industry. so say for instance, auto champs or r a i chips and there are in different kinds of kinds empty man thresholds. so memory chips in this regard is a little bit of a problematic picture here because there is too much supply and there are stocks. there are accumulating in there in the warehouses. so it's about time that something electronics shifts gears and that's the right decision. june park, political economist, judgement futures. thank you for your thoughts now to some of the other global business stories making years, the russian rouble has hit the lowest level against the euro in the us dollars since april 2022 russians now have to pay $90.00 roubles to get one euro. analysts say, wealthy russians converting roubles is partially behind rushes worn ukraine

and western sanctions have hit the criminals. coffers rushes federal budget deficit reached almost $29000000000.00. the 1st quarter. the finance moves to said energy revenues fell by almost 50 percent. while the government increased its spending on military production, well through prices have fallen by a 5th compared to a year ago says the united nations prices had soar to a record high after russia invaded agricultural powerhouse ukraine. their down partially due to a deal that allows ukraine to export grain through a safe corridor in the black sea. it is to india now, and the countries the world's 3rd largest green house gas, and that are after china and the united states. but is looking change that by increasing efforts to boost its non fossil capacity, namely solar and wind energy, as well as nuclear and hydro and bio power. it wants to reach 500 gigawatt capacity

by 2030. now this would raise its share of non fossil energy from the current just under 43 percent, up to 50 percent coal at the moment, accounts for over half of india's power generation capacity. hydropower accounts for 13 percent, wind and solar together make up 25 percent and to help to reach that goal in the us government is issuing tenders, it hopes will encourage the installation of renewable energy sources. earlier i spoke to our correspondent and deli, charter, carter gay, and i asked him how india wants to split up this plan capacity among the different ways of generating green energy. well, of course, what we know so far is that at least a den gigawatts of this is going to be wind power capacity per year. the rest of it

could be solar or a solar wind hybrid kind of model. what is the connecticut is that this will mock a break from? the boston area has so far, never been able to bid out more than 15 gigawatts per year. so taking that up to 50 valia, that's a big jump. now, india missed its target to. busy install honored and $75.00 gigawatts in renewable energy capacity by this year. why should the country be more successful in trying to reach the current goal? what you know, chris india is pretty conscious of the fact that it is known as the was 3rd largest emitter of greenhouse gases. and it wants to reach ned pseudo by 2017, has already blessed that it has already promised her that target. but the problem is that the countries in a tight spot because of its ever growing power demand 1400000000 people now leaving the pandemic behind. so, and at least in the northern part of the country, there are long summer heat waves and colder than expected winters. so all of this

has perpetuating the problem and are either pushing the power demand every year up . so hold to keep up with this and to prevent power cuts. that's the challenge, caro, all of this comes as india's, our power output in order to satisfy this, this hunger for energy is growing at its fastest pace in more than 3 decades. and it's mainly fueled by coal. we're right, chris, that unfortunately is the sad part call is still the biggest part of an energy mix . currently, it is believed to be more than 70 percent. and so in the herb is conscious of the fact that there's a heavy responsibility on her shoulders to say good bye to call eventually and to bring down its emissions. the silver lining, however, is that renewal power is also growing according to one report. the renewable energy capacity excluding big hydro and nuclear power right now exceeds 122 a gig or what?

so the good bye to call is a is a sort of a long term process. but right now that does remain a challenge. chris target again, deli charo as always, thank you. so the indian government wants to massively support the extension of solar power, but even on a small scale, there are hurdles. take a look. share ronnie is a financial consultant who now work from home, which means his electricity use has fight. he tried to set up solar panels on his roof to gnawed his goblin footprint, but ran into a problem. living in as a delay, when by late your day me understand that little stop is there, go community spirit. so shared spheres, it's not on late. the other thing is that you have your own holes, your own rooftop, that you can, you know, use or control ah,

sol gating access to little thought. who set up a whole lot by mill warns that electricity, because i didn't get those here. diesel openly gone weekly or bi only me. this is one big problem. several renters and homeowners in crowded cities like mom by are facing and it accounts for a large gap between the countries. ambition for rooftop solar generation and the reality on the ground. india doggett was to produce at on 40 gigawatts of energy from rooftop solar generation. by 2023. so far, only 8 gigawatts have been generated. are the factors holding it back out, a lack of standardization in solid policies and practical financial support for solar installations. ah, but there are now a few startups in india working to reach these gaps like betty, whose job that has raised private investment to install low cost solar panels for residential communities. so far they have set up solar panels for 100 residential

complexes in one by pony and nashik, the modern and was a long term leasing contract and financial support. eventually, the communities will own the panels. so with us, the died of his fixed of, of the does that does one benefit. second, it is immediately i, i, i busy though it is 50 percent off your cost and $3.00, it is free. and when you set it up at the end of 15 years, the plan discounts for to the consumer free. of course, dad working with a bank loan, bees technologies doctor called sunday grades, also attempting to make solar energy more accessible and affordable by going digital. is it possible for us to basically be couple of the board, the problems of a having to go so at wanting to go solar on one fed and having a physical installation doesn't necessarily have to happen on your own rooftops. it sounds norville, but it's similar to our credit trade scheme. how it works is sandy grid sedans,

grids belonging to the residential solar project from betty, which are the units of energy produced here, are marked as toner credits and can then be traded on their platform. customers can invest in the panels, monthly and reserve units of solar credit. and this platform was exactly what shavani was looking for. and here's a look at our top story. samsung electronics is looking at its worst quarterly earnings in almost 15 years, say, expected operating profit stuff launched by more than 95 percent. future sluggish global demand for memory chips. and that wraps up our show on per se cobra and berlin. thanks for watching. enjoy your weekend

blockbuster sounds from the phone in the middle of a german village with pete burgess lives and works here with his team, a superstar long. so the awesome love with w. she may is fighting to survive for justice and for some happy to herself and hundreds of thousands of aids patients in china, victims of medical scandal that began in 91 single past due she made kind of a scandal 45 minutes on d w. ah,

what people have to say it matters to us. ah, that's why we listen to their stories reporter every weekend on d. w. for all. oh, he's an unknown international superstar. the man.