tv Business - News Deutsche Welle May 12, 2023 8:15am-8:31am CEST
8:15 am
as well, even as early as wednesday, so about 16 or 18 hours after the fighting began after the 1st attack from the i d . f on, on an appraisal on attack on choose day they were already room. is that a safe? i had been reached to the egyptian media publishing that one had been raged, but of course that didn't come to fruition. that was a c sticking points. largely these, i mean he had one thing is round to a great a stone is how good totally is that something that is around willing to come to the table on rebecca that's we will have to leave it continuing from time. am all right, thanks rebecca roses and you're up to date stage of your business. let's say, for example, the have someone else do the cd highlights of selected for you. you every week in your inbox, subscribe now. become a criminal. pretty clinic. already
8:16 am
told me about sugars paralyze between your societies, computers and governments that go crazy for your data. explain how these technologies work. so that's how they can also watch it. now, the chinese company at the hearts of one of germany's most important logistics hubs. costco gets the green light to 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 and us lawmakers are ad loggerhead
8:17 am
over plans to raise the government's death limits. there's no deal is done the country risks at defaults. business, do you have any business? i'm paid for. excellent. thanks for joining me. 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 pushed through in the end by german chancellor, all of charlotte who actually previously served as the mayor of hamburg earlier. i
8:18 am
spoke to soft you 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 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 timelines. 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 pull strategy because cast costco already owns the stakes and
8:19 am
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 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 a health professional. the chinese state and companies. chinese food companies will continue to state tony's major international corporations being private goals, state of use to make
8:20 am
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 code a logistics breakdown, and of course, the breakdown and international shipping. the chinese, the state authorities, had a window of opportunity to rain into companies to drill a lot of control and interstate authorities to reduce the professional economic um performance. in order to
8:21 am
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 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 china, not only in europe but, but on a global scale. and you can see more of my interview with software here on the doping, 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 new minutes rest of the debt default in the united state. lawmakers in the country are
8:22 am
currently wrong. cling 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 monitor so much report on brand new tory explains of the, the debt ceiling is the maximum amount, 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, it's that k o c and 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 the recession. it's congress is job to do this. if they fail to do it,
8:23 am
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 to make harsh concessions to republicans. they approve of deb ceiling res, only in exchange. so i have no budget where i bought change, but 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 calling has made a huge investment in india. and that's been seen as part of
8:24 am
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 and 50 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, dr. china know, earlier i spoke to our correspondents hire cards. okay. um i asked him what this investment means for india? well, uh 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, 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 finding report also says that, uh, uh,
8:25 am
fox going to india subsidy has made 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 would 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 expect it to be generated from here. katie, 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 called
8:26 am
daniel sierra and is excited. his 7 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 what so much more. the type of house that you're good. yeah. that's are buying property in thailand. we definitely feel like there were some plus factors like we would 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. so it has to be and why money can buy freedom in china? it sure can here, but it's not cheap. that's a whole pass and i think of the before the pandemic, most of chinese buyers, bach, middle or lower level homes for investment. but it has changed
8:27 am
a lot after the pen demik. most of the sudden you choose to buy luxury apartments and to live in the 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 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're 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 expects 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
8:28 am
a 3 d print it home, guided by a computer program, a robot tile layer upon layer of cement, eventually forming a 55 meter long, 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 t 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,
8:29 am
the enters the conflicts own with sarah kelly, a carefully choreographed of russian victory day celebration was, ain, that's showing military might on red square this week. my guess on complex ellen is nina cruise drove up. she has spent most of the war in moscow as russian for parents to face the ukrainian counter offensive. how safety is prudent positions? thank you for inviting me. conflict zone on d. w. to the point. strong, clear positions. international perspective. turkey is, boy, is to hold an election that could prove decisive for the countries democracy and for the leader who has held power for 20 years. so we're asking everyone's moments
8:30 am
of truth. find out onto the course the dw, the what there's to us that's why we listen to their stories. reporter, every weekend, d, w. a carefully choreographed russian victory day celebration was a, that's showing military might on red square of this week. but as proved and presided over the parade, she had little to show for the costly winter offensive. and ukraine have russians grown tired of the fighting. my guess on complex zone is nina crew stove, a professor of international affairs at the new school in new york. and the great.
21 Views
Uploaded by TV Archive on