stance on china or business ties, getting the way. we'll take a look. hello, welcome to the show. i'm seeing beardsley and berlin. germany is pulling the plug on nuclear power. the country's last 3 plants will be turned off tomorrow. their run had been extended due to the current energy crisis, but now they're going off the grid for good. at its peak, germany ran 17 power plants spread across the nation. they supply just over 20000 megawatts, are roughly 30 percent of all electricity use in the country. to day, only 3, remain east are to near munich. neck are vest heim to near stood guard on in and ins, land near the dutch border. and they've each been running for decades and have a joint output of just over $4000.00 megawatts. now, what an ordinary germans think about the decision to ditch nuclear power? well, we talked to some of them take a listen. good. when we're, it's a good thing. you have to stand by your plans when had, maybe they could have put it off for another year or 2. but generally it's

a good decision. oh nina, i don't think that the energy supply is secure a mas. think thing of nuclear power is despite risks is one very greenish holes of energy. that's a is available at the moment. so by turning them off, you're think, watts, alternative kinds of energy. we're going to use more coal, more coil. so nato, as things a good thing to do along the line, they'd been planning this for a long time. and now it's enough. we can't have this whole conversation again. it's been discuss 10 years ago with kind of help that's going to be as much of a chaos as the wind energy problem there. snow, or at least not enough wind turbines or solar panels. but it seems there's just no strategy kind, blonder and dolphins is. i marcus fitz is a professor at the frankfurt school of finance. he joins me now for more on this market. thanks for coming to the show you side an open letter to the german chancellor asking for these 3 reactors to continue operating. why did you sign the

letter? but thank you very much for having me. yeah, well, the letter of course is more from my perspective. there's no way to draw attention to this issue. i don't actually think that it will be easy, politically sort of thing to keep these reactors running at this point since they're being switched off at the weekend. i think it's important that germany isn't completely retracting for from nuclear power. this is a thing that almost no other country did, does at the moment. good reasons. as for many of the speaker so far mentioned, but also especially for germany, we have the right expertise, the right of human, a brain power here to be

a leader in or kind of technology. so with the company, a lot of them and deliberately saying no, this is the technology that we won't touch for the logical reasons, very dangerous, not responsible for the world. if not everybody who has the ability is continuing to develop technologies for more of a practical standpoint, do you think it's feasible that germany could still get back to nuclear or is that chapter pretty much shot at this point? well, i'm not an expert in what we can do is the plans that are being rebuilt right now. it's not just the 317 and have been switched off since 2001. i don't know if we can use them, but it depends what you mean by getting back into the game. of course they're on new development or even say for being drawn up right now,

we can continue to be an important player in developing this technology further. and this of course means using it in the future. i be conscious of building expertise here in our entry industry groups here warren, that they're afraid that there's not the right mix of, of energy potentially with nuclear gone. germany is getting out of coal as well. do you agree that this could be potentially dangerous or to renewable advocates have a point when they say, look, the cost of renewable is much, much lower. and we're in the middle of a huge build up. well, a plan because they require additional going to replace them and we would need all addition we can get the cobalt plan. i mean, this is a big issue. we need to find solutions on the

situation. is that in order to become carbon neutral, we don't just have to replace the power production. we have to replace electric, we have to use that tricity for heat and transportation. we need to dramatically increase the number of us or producing places for electricity. and of course, we can replace the free power plant, but we need to increase our electricity capacity by. i don't know us an expert in this 80 percent or so in order to become a percent. but we going to switch off the 17, not just $37.00 or 8 over the last year. it's almost a very silly way of going about this, or i want to leave it there for now. marcus fits at the frankfurt school finance. thank you very much. thank you. let's go now to some of the other global business stories making headlines. going faces, delivery delays on

a significant number of it's 737 max planes over production issue. us asian giant saying there were issues with fittings on the rear of the plane. it's just the latest problem for boeing is airlines rebound from the pandemic? with the industry faces. a shortage of your jets pakistan has announced financial support from the united arab emirates and china totaling $1300000000.00. giving the struggling south asian economy a shot in the arm as it seeks to meet conditions for the resumption of an international monetary fund. bailouts. us retail sales fell more than expected margins. consumers cut back on purchases of motor vehicles and other big ticket items, suggesting that the economy was losing steam at the end of the 1st quarter because of higher interest rates. shifting gears over to china, it's germany's largest trading partner outside of the e. u. and that's a fact, it's become controversial in the current government. just one reason why observers are closely watching this week's chinese visit by german foreign minister on

a lena bear bach on friday, burbock warren bitching about as close as to russia and its plans for taiwan concerns shared by western allies like the u. s. which has raised trade restrictions on china in recent years. those growing trade boundaries are arising concerned in europe. new export figures showing that china expanded its business with russia above all other countries. recently. george magnus is an economist and associate at the china center at oxford university. george, welcome to the show. the german foreign minister adelina burbock is considered a hawk on china. but we know that german business is still quite dependent on the country and that it's rather noisy about efforts to limit its investment or even put it in check. looking beyond bare box comments about china. can we say that germany is really even capable of giving a clear position on china? well, i think capable is, i mean, the awesome question capable, the answer is yes. and whether it's willing to do so, it is another matter,

of course, now we're in the crosshairs. really a very, very difficult cross, as of the tension between the, the way in which politics seems to be driving us in the world. and, and the reality is, of engagement in commerce, trade. and so, i mean, obviously the german government and other european governments have already expressed certainly some sympathy. and in fact, taken action to try to scrutinize chinese investment in what are regarded as a very national security sensitive and technology, technologically sensitive areas. but we don't see yet, i think in europe, the same kind of an determination to pursue the kind of export controls and scrutiny over investment flows and commerce as we see in the united states. and perhaps that's kind of a little to some extent because of your involvement. i was going to ask,

is it fair to say that europe is far more entangled with china when it comes to business? especially germany, even looking beyond volkswagen or b a as f. that they're far more entangled in business there? very much so i would say and in fact the, if you look at the kind of the trade statistics of germany and of the you with china over the last 2 or 3 years. even actually you'll see just a massive increase in volume and not so much on the export side, but on the input side. so we're taking so much more trade or imports from china than we used to. for example, before cove. it a lot of that is due to automobiles and to automobile parts, particular electric vehicles, for example. so, so in a way out or the used kind of commitment or involvement in china trade

is, you know, we're trying to hang on to basically a kind of a position in china, which is becoming increasingly difficult. partly because she wants to do a lot of things itself nowadays, you know, we spoke to an ins economist earlier this week who wore that this kind of fragmentation of global trade trade. that these new lines drawn over trade relationships, whether from the u. s. or from china or even europe, that the cost the west in terms of prosperity, how can should concerned, should we be about that as briefly as you can? yeah, i think we should be concerned. i mean, but i don't think there's anything that we can really do about it because the chinese are concerned to kind of purify their own supply chain. you know, they have this big program of self reliance and in liberal democracies, you know, we kind of want to keep china out of what we think our national security sensitive areas. so i don't think there's any choice really. i mean, supply chains will become more expensive and more fragmented. all right, the story magnus with the china center at oxford university. thank you.

and finally, tens of thousands have taken to the streets in paris in recent months to protest against the government's unpopular pension reforms. well, this week they turned against frances most popular luxury brands breaking into the headquarters of l. v. m h n, setting off firecrackers. other luck. other luxury businesses as wells banks along paris is main. boulevards in there, a boarding up their windows with plywood france has been paralyzed by the strikes for weeks with every one from transit staff to rubbish collectors. taking part here's our minor baton business story. germany is shutting down is 3 remaining nuclear plants on saturday, spending that it can fulfill its green emissions without atomic power, despite the energy crisis caused by the ukraine more that's for sure. you can always find out more about these and other business stories online. check out a d, w dot com slash business. we're also on youtube. under the dw news channel. i'm

sitting here in berlin, thanks for watching. with

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in our series, guardians of truth and watch. now on youtube dw documentary, ah ah, ah, this is dw news live from berlin, victory for emmanuel macro. as francis highest court backs his pension and reforms, the ruling clears away for pensions to begin at 64 instead of 62. but opponents a say the fight will continue also on the program. the suspect believe to be at the center of.