tv Business - News Deutsche Welle May 17, 2023 1:15am-1:31am CEST
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stop as of whether its rights and appropriate to make such an arrangement as a cause. i open to debates and each individual case is good to you. under the plea bargain, 3 defendants will be released from custody until they begin their sentences. but that's all for now. coming up next, my colleague chris co but will be along with the company business piece is coming up after a short break. don't forget our web site this. they are doing deputy dot com for all the latest news and analysis any time you need it. and we're on social media as well for twitter. instead, the handle you need is asked. you definitely need some at the help. thanks for watching and stay with the com. haven't changed out the highlights you every week in your inbox, subscribe. now. the amount of cost is increasing every year. many gone up watching on various holiday destination drowning and plastic way we.
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we might take a look at the year 064240 1000000 tons of plastic waste. is there another way? after all the environment isn't recyclable? the make up your own mind. d. w. made for mines the a feel good meeting with a little bit of an inch as india and the european union and hold their 1st ever trade and technology summit. a correspondence will tell you what each side wants to get out of. also the show, the europe in bank for reconstruction, band development lawyers that they've got on the outlook for most of the countries,
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services across 3 continents will tell you what's behind the 1st couple of welcome to the program. european commission officials and senior indian ministers are meeting for the 1st time ever for a trade and technology summit, 2 other ones. the largest democracies will be keen to boost cooperation on everything from artificial intelligence, to digital governments to climate saving technologies. the you is playing catch up on the tech partnership with india. the u. s. has already a similar and brussels will have to navigate through any trade issues, such as a planned levy on foreign businesses selling that carbon intensive where's within the $27.00 country block? for more or less spring and dw correspondent rosie birch yard in brussels and charles car to k in delhi. rosie, let me start with you. tell us more on why the us so keen on holding the summit as
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well. it's no secret, but brussels is very much on the lookout for new partners. and this is the 1st meeting of this format. so it's also an opportunity for high level ending new politicians to get some face time a no need or 2 big democracies with big ambitions on, on their agenda, according to your officials. i've been speaking to, they'll be discussing corporation on a digital technology. so high performance computing a corporation and exchange on send me conductors even on waste management. so of course, there's some big point here which is that the e u has advanced research and innovation on technology industries. so does india. but we're india is really ahead, is when it comes to workforce and manufacturing capacity. so if you speak to some business leaders in groups, they'll say, well, this is simply a match made in heaven and a very attractive offer. tennessee for the to proceed from the business perspective . charl over to you and delhi, what does in do you want india? i want to get out of this as well it's, it's generally seen as an attempt to
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a yet another attempt rather to deepen the trained relationship between india and europe. now chris, we all know that the talk photo photo, the photos free trade agreements between media and european union has been going on for several years now. in fact, they will stop the talks with store for several years, but they've been recently renewed and india is very keen to see those docs to insect. a foreign minister junko who is advert buses right now has gone to the as i said, that this would be a game changer if the free trade agreement could come across. so essentially in the i scheme to deepen its trade relationship with the european union and in these, especially in these areas of technology and trade. therefore this, this, a counselor was a setup. uh, and it was announced last year. and during the slip on the lens, visit to india, chris rosie back to you in brussels as much as both sides. want to sell this as a feel good moment. there are differences in major one is the used carbon board
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border adjustment mechanism. a tell us more on that. you're right, it's not of happy families here and the you is on a big mission. it says to try and make polluters pay. so us claimant policies get more strict within the european union. there are fears of what's called carbon. we kids and not square of businesses would simply relocate carbon intensive production outside of the u, where there are less stringent policies in order to cut costs. so the european unit has hired new policies to try and call don't know, not by essentially making it more expensive to import carpet and types of goods. for example, cement still of that is raising a big bone of contention between these 2 sites. a charl. why is this so much of an issue for the indian government? the o into is really wario said inside it is almost looking into is almost looking this looking at this as a trade in value in this point is that this law is,
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is going to increase the cost for india as exporters, and especially of exporters with energy intensive products, you know, there's, there's, there's to you, there's a medium, the c meant that fertilizers, so there are a lot of products and a lot of exporters which will be affected. the debt price is going to go up. india has said that this is unfair. and many analysts feel that this might even force him to explore those to look at other markets where so it's taxes do not exist. so it's, it's almost a very, very, the threatening sort of a close for the trade relationship between the 2. but those, it's r o, if the mechanism is such a touchy issue for the indian side, what are officials then making of the use for and policy to use it? joseph burrell saying in an interview that the blog should crack down on india re selling russia oil, russian oil into europe as refined fuel. i was engaged yet to respond to that then we uh we, we get to see if uh, joseph brown is personally going to uh,
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take this up with the foreign minister institution. good yet. but uh it is being believed that the statement is more about you. importers then about india, because if you look at his papers closely, you said that this is the indians. so it is because someone here is buying and we have to look at who is buying. so it looks like boredom is lazley, addressing the importers in you who by process crude oil and which, which one of the suspects or you suspects that india is coming out of the crude, that it has been buying from russia. rosie back to you in brussels. um, as the you wants to the risk, but not the couple from china is in the likely to function as an alternative. equally important trade partner. well, as i say, i think you've seen as an attractive partner here in europe and not only for those reasons i mentioned, but simply because for the simple reason that it is not china,
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brussels is trying to diversify its supply chains away from dependencies on beijing and i think india certainly will be part of that, although that relationship brussels has with beijing is so expensive, it's unlikely that india is going to be able to replace other supply chains in all areas. for example, the use looking to north america when it comes to replacing supplies of critical role materials. they're both, i'd say they want to move ahead to your button. there are no breakthrough expected when it comes to that free trade agreement that char, we mentioned. so if they want you to different types even further, that would be a next step which is not expected to be any sort of a breakthrough or any sort of a big move on. not from that tuesday's talks, dw correspondence, rosie bird charging brussels and charl card to gain daily. thanks to you about of the european bank for reconstruction and development of financing and supporting projects in almost 40 countries. across the 3 continents,
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not mid high energy price is elevated inflation and increasing borrowing costs. many of these countries roles, economic growth retreat this year the bank says and its latest forecast. with some notable exceptions. the destructive forces, on least by restaurants, invasion of ukraine continue to recover on global economies. but developing regions from the southern mediterranean to the baltic states spice a particularly hard fight in its latest report. the b r d terms, its regional growth forecast for 2023 by 0 point one percent to 2.2 percent. inflation high energy prices and types of credit conditions are in smearing emerging europe and beyond. we see that emerging europe households are just getting by majority of households are just making the ends meet. about half of the households are unable to safe. and while in western europe, there is
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a lot of discussion about the cost of living crisis. emerging to europe is feeling the pain more severely simply because these countries are poor. the are the forecast, slower growth in eastern europe and congress us this year. but just like central asia, i would expect it to grow more strongly in central asia is the region that has received an influx of capital and labor from russia. many i 2 companies have relocated here from russia. this is also the region that is benefiting from remittance is sent to by migrant workers who are working in russia. and these remittances have remained strong because of labor market in russia has been quite strong. the b i. d is more upbeat on the momentum into regions in 2024, picking up to 3.4 percent. presuming inflation eases a
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landmark deal allowing the safe blacks the export of ukrainian grain is due to expire this week. and it's still open whether it will be renewed. the agreement between restaurant ukraine brokered by turkey and the united nations allows ships to bypass the rushes, blockade of the printing coast. the expand of military call up to the ukrainian army has made the most important times of performing calendar, sewing and harvesting seasons, even more to a country road in don't bus pharma. you really pianos was headed to his fields the another attack next to the village. but found, got a truck is on its way here it comes. the we control machine is spring fields. just a few 100 meters from where grenades are exploding. doesn't matter how scary it
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gets to continue to work. we need this to survive, to pay my work as to what, because it's dangerous and difficult. on the zillow. the situation is a bit better in central ukraine. that's where dutch pharma cheese, wheezing a manages large tracts of land. he needs work as a consult for rate large machinery, but his short staffed around 40 of his $350.00 workers are serving in the military . our main. a guy who does the repairs of the machinery in the fields. he's been in the army already since the very beginning. so he's 35 and repairing machines. you know, you can find if a tractor is broken, you can find a solution very fast. and then within 5 or 10 or 15 minutes, you have to track that running again. and our new guy is gonna take him one hour, one and a half hour. you know, every cultural project is ukraine's main export and the country relies on the
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revenue. that's why skilled farm workers are exempt from being drafted into the army. the situation is dire. i think the dental all the forms all over your brain. i think in general and efforts they last. last, like up to 15 percent, around 15 percent of their labor force to the army. the war meant the farmers couldn't plan seed in the spring harvest, devastated ukraine's weak production is expected to be half of what it was before the war begun. and here's a look at our top story. european commission officials and senior indian ministers are meeting for their 1st ever trade and technology summit. to a large democracies are key to boost cooperation on everything from artificial intelligence, to digital governance, to climate saving, technology, and social for more check on our website at
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a d. w dot com slash business. i'm 1st cobra berlin. thanks for watching. have a successful the toxic air. south africa's economy depends on cold. but air pollution is a legal problem. one's in deals are pushing for a switch to renewable energy but with so many livelihood, it's dependent on cool. it's a test message to sell. 83000 t w's. it's more speed ahead for venerable a distress than which might soon be the location for micro chips in your thanks to silicon maker hi tech, from sex. any competition is fierce the investments gargantuan. because these
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