chosen by the jury from what a 175 candidates. he says he cried when he heard the news. the banker won 4000 euros in addition to the procedures title. that i guess is considered a symbol of french tradition last year, unesco awarded at the status of an intangible cultural heritage. and you're up to date, but to stay tuned up next on business, trying to buy as part of a key german port kick ferguson looked at why the deal is so controversial. remember, if you need more news, you can always check out our website, a, c, w dot com, and there until the member link. thanks for joining us, the use of species populate our planet. most of them are here long before us human escape. that the mass extinction began

and the diversity of sanctions exist on the british aisles. the index they are going to preserve this habitat, the wild dials start to main 19 d w. the chinese company at the hearts of one of germany's most important logistics hubs. costco, get the green light to choir almost a quarter of stake and one of the terminals of the course of hamburg. we look at why the deal is so controversial. also coming off and us lawmakers are ad lager has

over plans to raise the government's death limits. if no deal is done the country risks at the full business dw business. i'm paid for. excellent. thanks for joining the chinese state 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, i'm sure 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 was a controversial deal push through in the end by german chancellor,

all of charlotte who actually previously served as the mayor of hamburg earlier. i spoke to soft you a, he's a 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 unsettled the suggestion from 6 major parts of the administration. 6 ministries and institutions in his own government that advised against a participation. also a major chinese state company to costco in requiring 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 diamonds is a, it is of course, from the side of chinese strategic investments and the c's of sold off point to new

a string of pulse strategy. because cas costco already owns of stakes and parts and ports in other parts of europe in the netherlands in spain and it to me. 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 with that. so this is a 24.9 percent stake. and one of a number of terminals at the port of hamburg, how much strategic control dose is 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, chinese food companies will continue to stay, tony's major international corporations being private, all state of used 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, 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 coven logistics breakdown, and of course, the breakdown and international shipping. the chinese state authorities had a window of opportunity to rain into companies, to drill a lot of control and interstate authorities and to reduce the professional economic um performance. in order to

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, has to invent a new economic model. now with the do the with a to circuit model, but that brings in more state control, and that is a potential threat to about free and future minded entrepreneurship. not only in shaw, not only in europe but, but um on a global scale. and you can see more of my interview with soft guy he, for on the developing use youtube channel. now, finance ministers from the g 7 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 talks, hoffer is the limits,

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. the u . s. 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 that governments could meet its obligations if the ceiling is in raising time by the congress. the us risk defaulting on is that k, as in the markets, wouldn't issue and the economy would slow down. hundreds of thousands of jobs could also be at risk as it would be hard to avoid the recession. it's congress is job to

do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making. and there is no action that prison and fighting, and us treasury can take to present that catastrophe. for debt ceiling has been raised 78 times since 1960, usually with bipartisan support. still conflict on the topic between the white house and congress is nothing new. back in 2011 president obama set 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 credit trading of the us was downgraded for the 1st time in the country's history. the, the apple is number one. supplier fox con, 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 city 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, um, 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 not cause the site isn't in the airport. and the stop fighting report also says that uh uh, 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 going ahead to announce that it will be setting up in the, in the state of connecticut. and which building invite a massive investment about $700000000.00. so of this appears to be the site for that factory. uh, a bad it reported the, 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, or that was tara cars. kay? in delhi. now thailand is expected to welcome some 5000000 of chinese visitors this year off the appetite for travel returns following the lifting of ponds on mac 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 buy property backlog.

daniel beyond this excited his 70 year old mother and his real to look on as he shouts his greeting 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 in with so much more a 10 holiday. you're good. yeah. that's are buying property and thailand. we definitely feel like there are 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. so for you, the freedom is very important deal to and why money can buy freedom in china? it sure can here, but it's not cheap. that's a whole paso and i think could be before the pandemic. most of chinese buyers block

middle or lower level homes for investment, but it has changed a lot after the pin demick. most of the sudden you choose to buy luxury apartments and to live in the dollar and doing, and that's because buyers perspective has shifted so 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 going to instance i, the number of buyers has increased up. 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. and in fact, it has already been growing. we are already feeling the spike and demand for us to it and projects with us. and to show me things i've been done of thailand 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,

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 on cheaper a promising prospect for anyone at the bottom of the housing letter. a potential solution to the country, skilled labor shores. that wraps up our show for more you can all 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

entered the conflicts own with sarah kelly. a carefully choreographed the russian victory day celebration was, ain, that's showing military might on red square this week. my guess on complex zone is nina cruise drove up. she has friends and most of the war in moscow as russian prepares to face the ukrainian counter offensive ho shaky is prudent physicians. thank you for inviting me. conflict zone on d, w. to the point a clear vision, international perspective. turkey is forced to hold an election that could prove this price for the countries democracy and for the leader who has held power for 20

years. so we're asking everyone's moment of truth. find out on to the court, the dw, the what there's to us that's why we listen to their stories. reporter, every weekend on d. w. a carefully choreographed of russian victory day celebration was in that showing military might on red square of this week. but as proved and presided over the parade, he had little to show for the costly winter offensive in ukraine. have russians grown tired of the fighting? my guest on complex zone is nina cruz strove at professor of international affairs at the news.