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tv   Business - News  Deutsche Welle  May 20, 2023 8:15am-8:31am CEST

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back to this and was the 1st openly gay asked me to be sponsored by 19. in july 2020 greiner said she didn't feel the national anthem to be played before w. m. b a games. but since her return from russia, she now says hearing it well, just hits different you're up to date on the w news. i'll be back at the top of the hour where we will continue our coverage of the g 7 summit in here, row schmidt, where learners. lensky is expected to arrive a marietta, evan schemes from me and the news teams. thanks for watching. the west port winning offer is up in the world wide. and for every language level, learning german has never been simpler. german to go to 16
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talk we in fact, every day, the world wide web feel free to leave the, the timeline because we can make the different w, call the world. and also your info is and all the input w stores. now on to the out of the backseat into the voting booths, grease is holding its 1st election since spending controls imposed by the heavily indebted countries. creditors, and it will tell you how the economy is failing and what's on voters minds also coming up in 2019 italy and china agreed on a most i $1000000000.00 deal as part of asians belt and road initiative. it's all
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for a new old blood rome. once out. tell you why. i'm 1st coldwell bought from the program for the 1st time and more than a decade greeks will go to the polls on sunday to elect a leader. no longer confined to steering the country's economy from a backseat, according to opinion polls, the primary concerns for those casting their ballots are installation of the economy. the ruling new democracy party left by can react. goldsmith's attack is, is making a strong bid for a 2nd term, but they can serve or this promising to build on tax cuts and achieve 3 percent annual economic growth. well, so much for the problem is as of the future agrees, this recent past has been quite dire though badly hit by the european debt prizes in 2009 greece needed the more for and money to survive and return. creditors demanded half the public spending cuts which left the deep scars among the republic
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. the spending controls ended last year and ever since there appears to be some positivity as d w as jack power co reports. the backbone of greece is economy is small businesses like this 124 k olive oil based here in the city of patrice. so this is, this is your best product coming out of here. gold crystals, the root gets us, wants to expand the family business. the still see, 10 years ago was now employees, 9 people, only 15 percent of his products yourselves increase the rest of the exports to the united states, egypt, germany, and across the u. a protection against any potential economic worries here, boy will land while it's everything down there and go to the next step and big your facilities for us and the server and exports to also some other kind of the only
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warning about us. it is the cost. how to keep it then it goes to the lower levels, the olives use, but here's what we will come from $6000.00 trees, dr. donated with the region crystals. i say this grow makeup part of what's expected to be a bump, a u haul this for green olive oil produces this. yeah. but on level production only makes up 9 percent of greece is entire agricultural i put the sustain grows here. all of the countries industries need to keep expanding. the creases national debt in 2022 reached over a 170 percent of g. d. p. still the highest in your but that's a full 23 point. 3 percent full from 2021. when it was nearly 200 percent of g d p. none of the policies likely to succeed in the upcoming elections with introduced policies to stop that debt reduction. according to the governor of greece and the
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central bank of cakes, a greek party to go, the system has led lessons hardly from from the cartridge. i think nobody would dare to buck the block. the progress of this country has made over the, the previous thing here. progress based on she would sacrifice, which will be good. but i cannot make x bus one. the buying was still need more freedom to lend to small businesses. out of almost the one medium. small businesses, only $30000.00 or so met the criteria, were meeting the criteria of the over the banks or for borrowing. which means the money is very, very tight. whoever takes power off to the upcoming elections news they need to continue to tap into the power of growing businesses like the 24 k olive oil company. and now to some of the other global business stories making news. german
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is dax index on blue chip stocks at a new record high on friday, reaching 16294 points. shares were listed by growing optimism that you as lawmakers will hammer out a deal to lift the debt ceiling. and i've heard a confidence chattering default of the european stock market. we're also point german car maker folks buying and says it has sold as russian assets to the local dealership crude, avalon, this comes as part of europe because car makers exit from russia following the problem is invasion of ukraine. the sale includes the flagship co got factory which employs $4000.00 people. do 7 leaders are meeting in japan currently and along with the russians warn you crate on how to further respond to it. china is high on the agenda of the 7 leading industrial democracies of the world. the 7 member, italy, for example, back in 2019 struck an investment deal with beijing as part of china as mass of
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belt and road initiative. $2500000000.00 are on the line, but rome appears to one doubt. it's 2019 the year the head of chinese state. how did he his way they did this signature is made utility, the 1st 27 country to take part in china as new, so called infrastructure project officially known as the bout throughout initiative on the phone. now he totally is planning to hold talks with china about a potential exit from badging flagship investment program. but jerome is trying to do that without antagonizing china and putting commercial ties and venture to make it very blunt. i think to china on the tell you, we've probably agree on the next it strategy that is not to be single. i'm that we not imply retaliation. i think that the negotiation probably is happening in these front only between 20202022 china,
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interest that around 16000000000 euros and infrastructure projects. in addition to previous investments in the part of 3 esther and the container terminal near general, the b, i remember on the more understanding states that the domain is valid for 5 years and is it from what degree extended for another 5 years unless terminated by either party utility has to make that decision in 2024 a number of other european countries are also part of the best enrolled initiative, including some e u members like last 3 of which has signed a corporation to china is a lie. russia has not signed a b, r i memorandum of understanding, but it does also have a cooperation agreement so who benefits most from the b r i project some funding in the end all roads lead to badging trade with china and all of these countries because of the improvement in,
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in transport infrastructure with china is linking these countries further to china, but rather in the rather unbalanced weight meaning imports from china. so the trick that fits is our growing except for countries exporting commodities because commodity prices are very high. but that's, that's so it's a very they, as the metric gain for the time being time is running out. the g 7 is taking place in 0 should mount 119th of may. when prime minister georgie r maloney will have to reassure her rest and allies related or i spoke to francesca directly a belt and wrote expert at merricks, the mercator institute for china studies. and i asked her how likely it was that china that italy can out of this deal without disturbing its traits, ties with china? i think he said he would very much like that to happen. i don't think there's been
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a tendency to make that happen, including proposing alternative agreements, not necessarily the renewal of the m o u, but there are a lot your agreements, especially economic, between the tea in china. my size is that there is not much have, besides engaging to accept the sort of equity strategy and therefore i would not count too much on these auction is actually because china seas, these events, he as a victory for the united states, one actually to me self now, if we can always on the ation, this is still a piece of an open question. we've seen that folks done whole countries. the last of the 16 plus one framework with china, between central and eastern european countries and china, i've been decidedly being evidence is all ready to receive the captions. so there's a difference between the 16 plus one framework in the bathroom recognition team to 1000 really should be these much closer to teaching as
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a senior and is much more important for china as easily as well. is also quite a large country, was the 1st g 7 countries to joined the that the really need to be. therefore, we don't know whether in this case indeed indeed with the castles may occur. is francesca get ready of the mercator institute for the china studies and speaking there. and you can watch the entire interview about china's belt and road initiative. what it means to many of the countries beijing has invested in and how this massive project is being viewed with in china leadership on our latest in our latest dw business special available on the dw use youtube channel. it is to free lock in which has launched a projects to electrify, half a 1000000 of its took, took taxis over the next 5 years. with the help of the you and development program, the aim is to become less dependent on fossil fuel imports. something for lack of struggle for months to pay for the island nations, financial reserves drops to record low. there are 1200000 took,
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took some sri lankan roads. the name took took comes from the sound, their engines make as they sputter through the streets. but that sound may soon be history. representatives of the sri lankan government and the united nations have presented a petrol fuel. took, took, turned the electric curious to alaska. the ongoing going on a cruise crisis. jet exercise by the limited access to affordable energy, reinforces the need to invest in renewable energy option and also to freeze out fossil fuel. the pilot project will support the conversion of $200.00 took to looks . and if it's successful, the government plans to electrify half a 1000000 to dukes over the next 5 years. it is mainly for the enlightenment, that you are not actually anything any that accomplished gases,
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as well as for your pocket, because you will be completely saved the fuel that you are burning the pitch of the drug costs. you will be only charging the the electric because using the electricity because more cheaper than purchasing fit for the electric took took, couldn't travel 80 to 100 kilometers per charge. but with very few charging facilities available, many of 3 line coast took, took drivers are skeptical that it's practical. what it was, it did not go on a 150 k, allow me to hire. we will get stuck kind of way and we will have to stop take 5 hours to charge the battery and then continue. we won't be able to get home that day, but the next day this isn't unsuccessful project. the. the critics also point out that more than 80 percent of sri lanka is energy comes from fossil fuels like oil and coal power outages are also common. however, the government aims to achieve 70 percent electricity production from renewable
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sources by 2030. that's our show. thanks for watching. have a great weekend. s u z a z. the new mazda cx, 60 be comfy, unsustainable. means to test the new hybrid 6 cylinder engine. read the the, the,
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