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tv   Business - News  Deutsche Welle  May 11, 2023 11:15pm-11:31pm CEST

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money for rescued and abandoned dogs. reminder over top stories today. thousands have gathered at mexico's border where the united states hoping to enter the country as the panoramic era migration regulation to expire at midnight. u. k, as announced of sending long range cruise missiles to ukraine, to 8 of the counter offensive against russia. hughes allies have previously held back from supplying long range business you're up to date next on business. china advised part of a key german ports that's with k. ferguson, thanks so much for watching the use of the species populate our planet. and most of them are here long before us. human escape. that the mass extinction began.
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and the diversity of sanctions of the british isles, the india they are calling to preserve this habitat. the wild dials starts on dw, the chinese company at the hearts of one of germany's most important logistics hubs. costco gets the green light, so choir almost a quarter of stake and one of the terminals at the port of hamburg. we look at why the deal is so controversial. also coming off of us lawmakers are ad lager. it has
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over plans to raise the government to death limits. if no deal is done, the country risk at the business dw business. i'm paid for. excellent, thanks for joining me. chinese stays owned company. costco has got the green light to acquire just under a quarter of a steak and a container terminal at germany's biggest port of hamburg. the decision comes after months of arguments within germany's coalition government. costco had originally for a 35 percent stake, a prospect that caused an outcry over fears. it would give china too much influence on german until repeating transport infrastructure. the current arrangement does not give costco any, say in management or strategic decisions. china kinds for around 30 percent of the goods coming in and as of the course of hamburg now they just mentioned this as a controversial deal pushed through in the end by german chancellor,
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all of shots who actually previously served as the mayor of hamburg earlier. i spoke to south q a. he passed senior lecturer at the university of leading the book, i author to explain why there was so much opposition to this deal. the former 1st may of hamburg amount chancellor shows intervened and answer ruled the suggestion from 6 major parts of the administration. 6 ministries and institutions and his own government advised against a participation, also made a tiny state company to costco and acquiring a steak, being at them on the stake in a part of hamburg harbor. we'd have to look at it from 2 different um dimensions a. it is of course, from the side of chinese strategic investments and the seas of sold off point 2 new
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a string of pulse strategy because cast costco already owns the stakes and parts and ports in other parts of europe in the netherlands in spain and italy. so this would be the 1st major stake and investment in a german court. and of course germany is a very important the most important your pin trade partner to china. and that is so much needed context there. but that's, so this is a 24.9 percent stake in one of a number of terminals at the port of hamburg. how much strategic control does this actually give china? not much as far as we know, what we would have to take into account here is uh, how professional the chinese state and companies tony stated, companies will continue to stay. tony's major international corporations being
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private, all state of use to make a point in employing international for jaime professional experts into their companies that most of houses in, in, in china. and it will be, it will remind to be seen how the, how the professional performance of state and companies in china will continue as, as a follow up of the code which pandemic as a follow up of the property crisis in china and follow up off due to corona, due to coded a logistics breakdown. and of course, the breakdown in international shipping, the chinese state authorities had a window of opportunity to rain into companies to draw a lot of control and interstate authorities and to reduce the professional economic um performance. in order to
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we could to, to, to get some national stage authorities more authority. so that is a crucial point in china's development history. so not has to leave the former development model in china has to reinvent test to invent a new economic model. now with the to do the with a to circuit model, but that brings in more state of control and that as a potential threat to about free and future minded enter premiership. not only in shaw, not only in europe, but, but um on a global scale. and you can see more of my interview with oscar. he for on the, the dumping use youtube channel. now, finance ministers from the dcf and group of wealthy nations are missing in japan for talks on issues ranging from support for ukraine to concerns over the face of the international banking system. overshadowing the talk to offer is the limits
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rest of the debt default and the united states. lawmakers in the country are currently one thing to agree on a plan to raise the amount of money that governments can far oh, if no deal can be reached by june. first, the economic repercussions could be enormous. but what exactly is the debt ceiling? and why does it matter so much? our report on brand new tory explains the debt ceiling is the maximum amount, so the us government can borrow by issuing bonds. back in january, the white house reached the current limit of $31.00 trillion dollars. the us treasury resorted to father extraordinary measures to ensure the government could meet its obligations if the ceiling is in raising time by the congress. the us risk defaulting on exec k, as in the markets, wouldn't you? and the economy would slow down, hundreds of thousands of jobs could also be at risk as it would be hard to avoid
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the recession. it's congress is job to do this. if they fail to do it, we will have an economic and financial catastrophe. the will be of our own making, and there is no action that prison and fighting and us treasury can take to prevent that catastrophe. the debt ceiling has been raised 70 a time since 1960, usually with bipartisan support. still conflict on the topic between the white house and congress is nothing near. back in 2011, president obama said to make harsh concessions to republicans. they approve of deb ceiling res only in extreme way of you know, budget where i bought change as a result of that stall, the crate, a trading of the us was downgraded for the 1st time in the country's history. the. the apple is number one. supplier fox con,
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has made a huge investment in india, and that's been seen as part of a drive to diversify. it's be a, it's business beyond china. the size and the tech hub of thing. glue is equivalent in 5 to 50 manhattan and 50 blocks. and we'll bring tens of thousands of jobs to the area. the nights when it comes just a month after apple opened, it's for us stores in the country. india, home to 1400000000 people have the 2nd highest number of smartphone users in the world after china know earlier i spoke to our correspond entire card. okay. um i asked him what this investment means for india. well, it's a huge facility. it's uh, 1200000 square meters according to the london stock exchange finding that has been submitted by folks going to to, to, to, to mess of site. now on the outskirts of banking, a rule which is known as india, as debt called within the southern states of could knock up the site isn't in the airport. and uh, the stop fighting report also says that, uh, uh,
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fox going to india, subsidiary has paid about $37000000.00 for it. now, it is being understood that this site is above the construction. also, factory that folks go ahead to announce that it will be setting up in the, in the state of connecticut. and which building invite to a massive investment about $700000000.00. so of this appears to be the site for that factory. uh, a battery reported they reportedly this effective and also have a have a lot of incoming potential about $100000.00 jobs that'd be expected to be generated from here, kate, that was tara cars. k, in delhi know thailand is expected to welcome some 5000000 of chinese visitors this year off the appetite for travel returns following the lifting of public restrictions. many of the visits will be simply for pleasure, but some will be motivated by business interests. for chinese, people with cash just their thailand has become an increasingly promising place to
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buy property called daniel b on his excited his 70 year old mother and his real to look on as he shouts his reading over his rooftop pool. and the skyline of bangkok for the shanghai resident, this new place in thailand is not just pure luxury, but presents him with so much more a 10, how that you? good. yeah, that's are buying property and thailand. we definitely feel like there were some plus factors like we will be able to holiday here is more freedom and convenience here to deduct from the freedom to enter and leave the country seem to travel back and forth. i see as well as the freedom of society and life the way it, the freedom is very important deal and why money can't buy freedom in china. it sure can here, but it's not cheap. as a whole class of, and i think i've been before the pandemic, most of chinese buyers box middle or lower level homes for investment,
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but it has changed a lot after the depend demik. most of the sudden you choose to buy luxury apartments, it to live in the dollar and doing that's because buyers perspective has shifted for many, middle, or lower level homes. used to be an investment, creating rental income. now, many a wondering whether they want to live here themselves, it had an immediate impact on the market. oh my, into instance i, the number of buyers has increased. there isn't a huge supply of good homes in the market that you want in the near future. there might be an obvious growth in the high end real estate market. in fact, it has already been growing. we are already feeling the spike and demand for us to have projects with us. and to show me things that's been done. a thailand to expect at least $5000000.00 chinese visitors this year, most of them towards staying for a few weeks. some however, might not leave again. speaking of property here in germany,
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a pair of construction workers has been overseeing the creation of europe largest, a 3 d printed home guided by a computer program, a robot tile layer upon layer of cement, eventually forming a 55 meter long and 11 major wide. and 9 major high ad with the construction time of just a 140 hours. experts say once prospected, the technology will make construction foster and cheaper. a promising prospect for anyone at the bottom of the housing matter. a potential solution to the country, skilled labor shores. that wraps up our show for more. you can always check out the w dot com slash business. we're on the t. v. news. youtube. com as well from me on the entire team here in berlin. it's goodbye. take care, the
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russia is coaching future sol, just students in particular, all the talk is of extensive recruiting at the same time, students who publicly oppose the war of aggression and should be silent. the students under the curtain who has experienced this repression. first, focus on your next on d, w. to the point a clear vision, international perspective. turkey is forced to hold an election that could prove decisive for the country's democracy and for the leader who has held power for 20
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years. so we're asking everyone's moment of truth, find out on to the court, the dw, these places in europe are smash the record. step into a little bit, venture pizza, the treasure map for modern globetrotters, discover some of us record breaking site on drawbacks youtube. and now also in book form the hello and welcome to focus on you hope it's wonderful to have you with us with new attacks. russia is yet again escalating the water and you came.

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