person has been killed and several others wounded in a car, remy attacking televi eve. the government has tightened. security and called up reservists as violence in the region continues to escalate. all right, that's all for now. coming up next after a short break is your g w business, off date. and remember if you need more news on to go, we can always check out our website. that's g, w dot com. and of course we're on social media. we're a handle is at the w news. i'm aaron, totally berlin. thanks very much for tanya. she's up to date. don't miss our highlights. the d w program online. d w dot com highlights. will you become a criminal m pre climate? oh, ready news with hackers?

paralyzing the tire societies, computers that out some of you and governments that go crazy for your data. we explain how these technologies work, how they can work in for, and that's how they can also go terribly. watch it now on youtube. oh, a plunge and operating profits of 95 percent. that's what samsung is expecting. first 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 on the ship. india looking to massively expand as green

energy generation, even as its economy is still heavily reliant on coal. with here from our correspondence, what to make of the claim. i'm chris cova. welcome to the program. samsung electronics is looking at its worst quarterly earnings in almost 15 years. the south korean tech giant 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 cutting back and purchases amid rising inflation. the samsung groups most important subsidiary received some support through solid smartphone sales. i'm right now by june park, she's a political economist at schmidt future. she joins me from sol. what come to the w

june? now we'll 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 at an x at the end of the month . but, 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 ah, the d by solution area which, which are on memory chips. they performed a poorly during the sluggish demand and main, the 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, ah, 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 trend. yeah, i was gonna ask, i mean, what does it mean now that, oh samsung says it wants to cut trip production and make hold meaningful manner meaningful manner and that they cannot, ah, explicitly state how much they are going to cut given this is the 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 accumulating in the, in the warehouses. so it's about time that something electronics shifts gears and that's the right decision. june park, political economist, edge mid 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 and 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 russia 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 power. how's 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 in 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 and hopes will encourage the installation of renewable energy sources. earlier i spoke to our correspondent and deli, charter carter k, and i asked him how india wants to split up this plant 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 past? india 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 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 of 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, as 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 barred coil is still the biggest part of in the us 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 its 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 gigawatts. 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 taro got 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 carbon footprint, but ran into a problem. living in us id like one by 8. your new me understand that little stop

is there, go community spirit. so shared space, it's not on laid. the other thing is that you have your own holes, your own rooftop. there you can, you know, use or control ah, sol gating access to little thought. who set up a lot by mail, wounds that electricity, because i didn't make 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 it on 40 gigawatts of energy from rooftop sooner 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'd, i'd, i'd 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 distraught for to the consumer free. of course, dad, working with a bank loan bees technologies dr. 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 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 owner project from betty, which are the units of energy produced here at mog bessolo 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, saying it expects 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.

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