tv Business - News Deutsche Welle May 12, 2023 5:15am-5:31am CEST
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of good to size did ruling saying you chose the standards of justice are being applied in cons, fee of a since con. so may i think, asked for corruption charges on tuesday. who's supposed to have class to be to needed to put is the protesters. how about tech, military and government side? so far, at least 10 people have been killed in the unrest and thousands of protests. those have been arrested and you're up to date, thanks for tuning on there until. thank you for joining us. the room. because these orchestra called the brain continuously, that's itself. we ask a few,
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a few questions. we smarter ones for us. psycho causes monster waves. how powerful are your thoughts? we can control our thoughts, which makes us very powerful. questions about the universe and the rest were series 40 to be answered almost every thing this week on t 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 in one of the terminals at the port of hamburg. we look at why the deal is so controversial also coming off and you as lawmakers are as long as it
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has over plans to raise the government to death limits is no deal is done. the country risks at defaults. this is 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 repeat 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
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spoke to soft q a. he bought 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 participation. also a major chinese state company to costco. in requiring a steak, they made a mistake 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 seas of sold off point to new a string of po of strategy. because cas costco already owns of stakes and
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parts and ports and 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. it's 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 allstate,
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or 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 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 drill 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 control and that is 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 total total for 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 and 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 the government couldn't meet its obligations if the ceiling is in raising time by the congress. the us risk defaulting on is that k o c and 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.
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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. but that feeling 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 revenue budget where i bought change as a result of that stall, the crate of trading of the us was downgraded for the 1st time in the country's history. the apples number one, supplier fox calling has made a huge investment in india,
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and that's been seen as part of a drive to diversify. it's be a, it's business beyond china. the size in the tech hub of bang glue is equivalent in $5.00 to $50.00 manhattan officially blocks and will 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 correspondents, our cards. 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 sites. now on the outskirts of banking, the 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 lightning report also says that, uh, uh,
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fox going to india, subsidiary has paid about $37000000.00 for it. now, um, it is being understood that this site is above the construction office factory that folks go 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 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. katie, that was tara karsh k 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 funds 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 called
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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. and why money can't buy freedom in china. it sure can here, but it's not cheap. that's a whole paso and i think i've been before the pandemic, most of chinese buyers, bach middle or lower level homes for investment, but it has changed
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a lot after the depend demik. most of the chinese choose to buy luxury apartments, it to live in the t dollar and doing 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, the number of buyers has increased up. there isn't a huge supply of good homes in the market that you want, and then your 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 do you mind for us to have projects with us and to show me things, i've been down 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. the speaking of property here in germany, a pair of construction workers has been overseeing the creation of europe largest
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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 faster on 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 from where you can always check i d, w dot com slash business. we're on the t v. news youtube, as well, from me on the entire team here in berlin. it's good bye. take care. the
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of the global economy runs on ships of the manufacturer of micro chips. taiwan has made itself indispensable. a possible invasion by china is adding to industrialized countries tree is a dangerous shortage of a ship to well do without tie. one outputs of semi conductors made in germany next on d. w. when i heard the verdict, what i felt was deep sorrow for the state of the judiciary and the judges in my country. a voice from prison. the talk of human rights activist, us on cabala,
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has been in solitary confinement. he charged with an attempt to to he was sentenced to life behind bars on the bottom in 45 minutes on dw, with our sports scoring, we say they were about never giving up sports lights every weekend on dw, the, the power of micro tips is enormous and has catapulted a small island nation into the eye of a geo political.
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