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tv   Business - News  Deutsche Welle  April 15, 2023 1:15am-1:31am CEST

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the dying is fasting, faster or slower? no, it just doesn't. bassette does, but i mean, it's obvious thought in the morning or early left. but despite the challenges, beatrice called the experience excellent. and even said she didn't want to leave her cave at the end. now that she's back on the surface, the madrid based explore, we'll have her hands full with medical examinations and media requests. but before all that, she said the top priorities were a hot shower and a meal with friends. that's our time business is next staging for that. ah, with our sports all with fighting scoring, we say they were about never giving up sports life every weekend
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on d w. i. when you work as an architect that go all in or not at all. women in architecture. why are they so invisible to the larger public? we decided to ask them, what is the poetry the secret of a house? shattering the glass ceiling. women in architecture starts april 20th on d. w. ah, it's the end of an era in germany as the country shutters. it's final 3 nuclear reactors. critics war the move adds more uncertainty to an all ready to mulch was energy market. we'll hear from one of them. also on our show, the pressure is growing on germany to take a firmer stance on china, but will business ties getting the way?
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we'll take a look. hello, welcome to the show. i'm seeing busy in berlin. germany is pulling the plug on nuclear power. the countries last 3 plants will be turned off tomorrow. they're 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 harvest time to near stuart got 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 would when, when 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
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a good decision. oh nina, i don't think the energy supply is secure. a laws think the thing of nuclear power is despite risks is one very greenest forms of energy. data is available at the moment. so by turning them off, your think, watts, alternative kinds of energy, we can use more coal, more oil. so nato asking is a good thing to do along the lines. they've 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. it seems there's just no strategy kind, blonder and dolphins. i marcus fitz a is a professor at the frankfurt school of finance. he joins me now for more on this mark as thanks for coming to the show you side an open letter to the chip to the german chancellor asking for these 3 reactors to continue operating. why did you
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sign the letter? but thank you very much for having me. yeah. well that, or of course it's more from my perspective is more way to draw attention to this issue. what i don't actually think that that will be the politically sort of thing to keep these rafters running at this point. since they're being switched off at the weekend. i think it's important that germany isn't completely retracting, it's from nuclear power. this is a thing that almost no other country does at the moment. for good reason that probably many of the speakers will find mentioned. but also, especially for germany, we have the right expertise, the ride human a brain power here to be a leader in all kinds of technologies that help us with the government. and paul is
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one of them and deliberately saying, no, this is the technology that we won't touch. your logical reason would be very danger. it's not just boss, but for the world. if not everybody who has the ability is continuing to develop technology for more of a practical standpoint, do you think it's feasible that germany could still get back in a nuclear or is that chapter pretty much shot at this point? well, i'm not an expert in what we can do is the power plants that are being rebuilt right now. it's not just the 317 pod plans have been switched off in 2001. i don't know if we can use them, but it depends. what do you mean by getting back into the game? of course, they're on new development for even say for coming on being drawn up right now. we can continue to be an important player in developing this technology further.
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and this of course mean using it in the future. be conscious, develop it with building expertise here, you know, entry industry groups here worn that they're afraid that there's not the right mix 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 appointment to say, look, the cost of renewable is much, much lower, and we're in the middle of a huge build up. well, you're still silly to the plant because they require additional been to replace them and we would need all addition of and we couldn't get to repair the code bar. i mean there's a big issue. we need to find the solution. the situation is in order to become carbon neutral,
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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 power plant. but we need to increase our electricity capacity by . i don't know us an expert in the 80 percent or so in order to become a percent. but we want to switch off the 17, not just 37 or you know, over the last 2 years. 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. boeing faces delivery delays on
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a significant number of at 737 max plains 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? but the industry faces a shortage of jets pakistan has announced financial support from the united arab emirates and china totaling 1300000000 dollars. giving the struggling south asian economy a shot in the arm as a seeks to meet conditions for the resumption of an international monetary fund. bailouts. us retail sales fell more than expected in march. is 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
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a lena bear bach. on friday, burbock warn beijing 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 and recent years. those growing trade boundaries are a rising concern 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 on a lena bear bock is considered a hawk on china. but we know that german business is so 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 bear 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 asked the question capable, the answer is yes. and whether it's willing to do so, it is another matter. and of course, now we're in the crosshairs. really a very,
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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,
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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 s 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, for example, before cove. it a lot of that is due to automobiles and to automobile parts, particularly electric vehicles, for example. so, so in a way are, or the used kind of commitment or involvement in china. trade is, you know,
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we're trying to hang on to basically a kind of a position in china, which is becoming increasingly difficult partly because we want to do a lot of things itself nowadays. you know, we spoke to an i m f 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 kind of purify their own supply chains. 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, that's george magnus with the china center at oxford university. thank you.
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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 lottery 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 into 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, a top business story. germany is shutting down is 3 remaining nuclear plants on saturday. this is betting that it can fulfill its green ambitions without atomic power, despite the energy crisis caused by the ukraine more that's a for sure. you can always find out more about these and other business stories online. checks 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.
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what's making the headlines and what's behind them? w. news africa. the show that was the issues in the continent. life is slowly getting back to normal. yeah. well, in the streets, to give you enough reports on the inside of our correspond, that was on the ground reporting from across the continent and all the trends doesn't matter to you. next to on d w. rooney, check come fi check. in 1st it seems pretty flawless. the mercedes e q s that seemed the now let's see what it can really do. we test drive,
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what's probably the most luxurious, all electric se on the market read. in 60 minutes on d, w. for what people have to say, it matters to us. got it. mm. that's why we listen to their stories reporter every weekend on d w. ah, ah, this is dw news africa coming up on the program. we all along the to return home. i, what of do i separated from it by years or even centuries? the north in nigeria we meet homecoming women rebuild in the community still wants driven from bifocal. her robin said.

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