tv Business - News Deutsche Welle April 15, 2023 3:15am-3:30am CEST
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who has intelligence leak has appeared in court in massachusetts, a 21 year old. the air national guardsman is accused of sharing damaging secret material and an online chat group. even beardley will be here after the break with your business news and an update on germany's nuclear power switch off state you in for that are more headlines you can always had to our website. that is, of course d, w dot com and you can and you should follow us on social media, our channel there on twitter, and instagram can be found under the handle. see the latest article really. thank you so much for your company with sometimes to be sure i had asked you, our tv highlights for shipping books and free week. not come up with journalism ellison overcoming divisions,
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register now for the d. w. global media form 2023 in bonn, germany and online and increasingly fragmented world with a growing number of voices, digitally amplified. you see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. register now and join us for this discussion at the 16th edition of d. w's global media forum. 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 already tumultuous 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 for business ties, getting the way. we'll take
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a look. hello, welcome to the show. i'm seeing beardsley in berlin. germany is pulling the plug on nuclear power. the country's last 3 plants will be turned off to morrow. 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. ease are to near munich. neck are vest, heim 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. good. when was 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,
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i don't think the energy supply is secure a laws. think 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're going to use more coal. ah, moya, so not as things a good thing to do. the language of law. 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 discussed 10 years ago with konica felt 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 planner and dolphins. i marcus fitz is a professor at the frankfurt school of finance. he joins me now for more on this. margaret, thanks for coming to the show you side an open letter to the chair to the german chancellor asking for these 3 reactors to continue operating. why did you sign the
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letter? but thank you very much for having me. yeah, well the matter of course is more, from my perspective, is more way to draw attention to this issue. what i don't actually think that it will be the politically, technically, 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 the thing that almost no other country does at the moment. good reasons that probably many of the speakers will find mentioned, but also especially for don't if 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 dangerous, not to 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 planted up being rebuilt? right. and it's not just the 317 par plans have been switched off in 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 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 in our country. industry groups here worn 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 appointment. they say, look, the cost of renewable is much, much lower, and we're in the middle of a huge build up. well, i'm a little bit silly to show the power plant because they require additional been to replace them and we would need all addition of and we can get through the cobalt plan. i mean there's a big issue. we need to find solutions. the situation is such that 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, you have to use it to increase our electricity capacity by. i don't know us an expert in this 80 percent or so in order to become a person, but we want to switch off the 17, not just $37.00 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 at 737 max plains over production issue. us asian giant saying there were issues with fittings on the rear of the plane is just the latest problem for boeing. is airlines rebound from a pandemic? but the industry faces a shortage of just pakistan has announced financial support from the united arab
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emirates and china totaling $1300000000.00. 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. 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, you know, the 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 online, a bare 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
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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 line a bareback 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 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 us, the 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, 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 and trade. and so, i mean,
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i was in 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 that's kind of a little to some extent because of europe's 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,
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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
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relationships, whether from the u. s. or from china or even europe, that the cost the wes 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, a concern to 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, the supply chains will become more expensive and more fragmented. all right, that's george 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 unpopular pension reforms. while 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,
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other luxury businesses as well as banks along paris is main boulevards ended up 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 a reminder of a top business story. germany has shutting down his 3 remaining nuclear plants on saturday, betting that it can fulfill its green ambitions without atomic power, despite the energy crisis caused by the ukraine more that's it 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 seeing beardsley. berlin, thanks for watching. imagine
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building a green house in every cellar, an energy plan, and an every ruin housing. what is being designed today in the metropolis is up tomorrow. active living pro active climate protection. our future city. next on d, w. the o. p like crisis in the u. s. has put many mothers in prison, punishing them for their addiction to pain killers. our documentary fall is amanda lydia and to mika for 3 and a half years. and they fight for their freedom and to reunite with their children. and allow us to the barbed wire. in 45 minutes on d w a thought say what grade level
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