Skip to main content

tv   Business - News  Deutsche Welle  May 23, 2023 8:15am-8:31am CEST

8:15 am
fly to space. joining her with all the mission. heck morris saw the fighter pilot, an american businessman there led by a retired financial office from the lived in space. she's just adding to that total on this mission. you're watching the, the, the news from berlin coming up next. we've got the business for you. stephen beardsley will be here with more details on methods record break and you want terry martin, thanks for watching the journalism filters and overcoming divisions for the dw global media on 2023 in germany and online the increasingly fragmented world with a growing number of horses digital amplified where this clutter can we
8:16 am
we really need overcoming divisions and a vision for tomorrow's journalism. register now and join us for this discussion at the 16th edition of d. w's global media forum, the, the you hits meta with a record breaking fine over data transfers to the u. s. metro says it's up to politicians on both sides to solve a problem. that's dog transatlantic relations for a decade. also in our show, china flashes flashes of anger after the latest g 7 meeting and puts us chipper micron on a blacklist for major projects in the country. it's also on our show is a new wind blowing in the fight between communities and wind turbine developers. we look at some new initiatives to give residents
8:17 am
a lot of the prophets. hello and welcome to show, i'm speaking beardsley in berlin. and we'd begin an ireland where regulators have had met with a 1200000000 euro fine, largest such penalties since the strict data privacy rules inter entered effect 5 years ago on the data regulator. so the parent company of facebook, whatsapp and instagram continues to run a file of rules governing data transfers to the us. they submit a has 5 months to bring its policies into line. the company says that it expects the u. s. and e regulators to work out a broader data privacy agreement in the coming months of the fine is the latest chapter and a decade long dispute. going back to revelations, the us intelligence agencies were accessing personal data from facebook as well as other social media companies. for more on this, i'm joined by rosie birch are in our brussels bureau, rosie, i'm good to have you on the show, help us understand what's going on here. what exactly are irish data regulator saying with this finding with this penalty as well?
8:18 am
not to a stands accused of violating, reaching that you were opinions, privacy rules that can, it's really all here about questions of protecting european union users of the day . so when that data is transferred to the us and particularly questions around us surveillance activities, but to understand how we go here, we need to we why? because this is part of a lease has twist. in years, a legal wrangling under which we've seen privacy activists challenge big tech in courts. now back in 2020. the years taught, court struck don't a previous data sharing framework of data flow framework between the european union and the united states, which has been known as the privacy shield since then. metal has been rely on another mechanism known as stumbled standard contractual closes in order to keep the data flowing across the atlantic. now we face latest decision from data protection authorities in dublin. and the reason it's happening in our own,
8:19 am
just because meta, you headquarters is in our lives. that latest decision says the, the backup method, those standards, contractual close, is used to keep the data flowing well. those to that method to is in breach of the real book and is breaching you was it was a both of you and you say that they're working on a common, a data access regulation for the summer. does that mean essentially this matter is out of met his hands and really it's, it's on a much higher political level right now. as well. messer has said this latest decision is flawed and on justify. but indeed, it really has to wait and see no fault of brussels on washington. come up with because since that decision of the has taught court in 2020, the, the us has been trying to work out a nother and mechanism. another framework, which will stand up to legal tests to, in order to keep trans atlantic faces at it, to a trusted loving data. fully known meta says that so far there is no disruption to
8:20 am
its services in europe. so for example, facebook and instagram on. but there are several months in which it can implement this decision. now the european union has said in the last couple of hours and it said that it will be looking to try to secure a new deal or even us state to transfers with the us before the summer. so within the next few months, but it does mean that this kind of hangs in the balance here. and what we're seeing overall is a tension here, and you're between protecting users data on, of course. and of course, creating a stable environment for tech businesses. rosie bershard in our brussels bureau, helping us understand that new fine against matter. thank you. which one is regulators bound to band some domestic purchases of chips made by us for micron technology. as big gain continued to register its displeasure over the outcome of the latest g. 7 meeting regulator saying us company failed a security review, excuse me, beginning earlier this year. and it badging would now prohibit domestic operators
8:21 am
of key industries from doing business with microns china. recently accounted for 11 percent of microns revenue. so much of it in the area of consumer tech at the move allows last week's g 7, excuse me, follows last week's g 7 meeting in japan or countries bound to the risk their economies from china, of more than 4 decades. earlier i asked george magnus of the oxford university of oxford university of china center, why beijing was so upset by the communicate or statement released by g 7 countries at the end of that meeting take listen. so the communicate refers to a number of things which are clearly pointers of china. so for example, among the many paragraphs that were included with those that involved and an approach just like well known market policies, which is basically how they describe china. and that was a non market economy about co version of other countries in terms of trade and commercial policy. they object to or don't like the harmful effects that are quote,
8:22 am
some countries adopt with regards to certain sectors like grab the judges digital sector. and there's plenty in there about the requirements for international standards in governance and peace and stability. so they're almost, you know, you could pick any of those. and i think paging probably would have looked at the whole not as a, as a sort of collective. and then sir, do you know that so elated us and we didn't like it. we think back to this is not something that to, you know, we, we know that we're in the process here. we don't worry about it. it's moved by badging against us to make her my con, is this largely symbolic or does it really carry any have to for the company and ultimately for washington? i think it's probably quite important some micro and i think good, you know, certainly a kind of a at least a low double digit proportion of the revenues of sales. as far as i'm aware comes from my business in china and the fact that they've been picked on by which i'm use
8:23 am
government um as a kind of a quick quote, because obviously the chinese government doesn't like their companies being picked on by the us congress or by the, by the, by the white house. so this is, this is part of the tit for tat of the, this engagement, you know, which is taking place. and so in microns being uh, i think the chinese infrastructure companies and projects have been banned from so so a single by micro on a chip. so mike, on products, so that projects, this is um, i mean, in a way this is kind of possible because this is, this is just the way that the united states and chinese governments are kind of behaving to one another. not withstanding the fact that they're trying to establish, i think they're trying to establish more of a dialogue and then by adult to see before the sign was balloon incident. earlier this year, right, we're hearing more and more reports that there could be more dialogue between the 2 sides. um, after a lot of those tensions you just mentioned the pollutants and of course i'm going back to micron real quick. and can we imagine a rift,
8:24 am
there is other companies to try and rush in potentially including from american allies such as samsung and south korea. they would actually fit that profile pretty well of what micron is doing there. i don't know if that's intentional from china or if that's just something that the dallas will have to deal with. is it realistic as well? it, it certainly creates 2 kinds of incentives, the grades and incentives, the chinese semi conductor companies to try to fill the gap. and in fact, the shares of some of that, a semi conducted companies that rises in the way to be my current announcement. it also creates an incentive for microns from cartridges to kind of steel bit of a market as well. um, but um i was same time. i mean, there are lots of new ones if you have uh, at the same time because the united states government, the south korean government, the japanese government. um, are you know, all in negotiations and talks to try to reinforce americas regulations that were introduced last year to prohibits they sell of
8:25 am
a sensitive materials, particularly advanced micro chips to, to chinese companies. so yeah, it's a bit of a tussle going on here as to, you know, no doubt, some companies will try to get round the regulations, but ultimately those regulations are not going to be abandoned. all right, that's george magnus at the china center at oxford university. thank you so much, george. i think you that interview was recorded earlier. you can find the full version on youtube or the dw news channel. will germany has big plans for renewable energy this decade, with wind turbines, in particular set to play a major role. if they can find social acceptance, especially more world parts of the country where not all are happy about the joining structures. now some developers are funding clever ways of winning over residents, including giving them a copy of the prophets. the town under wind turbines,
8:26 am
there are $37.00 of them in dodge as time. and those who live here see them all the time. like high go to going to his grandson doesn't know any different for his grandfather to. they have long been part of everyday life. we strolled. those up to doesn't bother me at all. we sit outside a lot in the summer and it's no problem. i put it in the mood is completely different. 120 kilometers further north, near luda. that's 44 wind turbines are an operation here, but no one likes them, like tanya schultz who misses her unobstructed view and something else upsets her, the increased electricity prices. she has to order electricity elsewhere, and her provider is now raised the price per kilowatt hour from $22.00 to $0.46 a month with letters. yes, one becomes naturally angry. they basically doubled the price per kilowatt hour and that's we've got everything on our doorstep and we don't get anything out of it to go to everything becomes more expensive and we get nothing. now,
8:27 am
once these types of 2 bad doses focus us auto back in dodge time, things are obviously very different here. the wind farm has made sure of that. it gives local residents a share of its profit. i can do so. residents can benefit from cheap electricity, $0.30 per kilowatt hour. peter sholtes has opted for this. his previous provider raised the electricity price to almost $0.60. if this knew that this investment but they are released because actually many things that increased accept my money that has an increase much the wind farm does even more. the operator voluntarily transfers one percent of the profits to the child's associations. the mayor is also pleased with the income from the business taxed and can offer residents even more. the bill was wonderful and our citizens and we've limited this to our own village here and can make it directly to capital investment in the wind farm up unless they receive an annual interest of at least 4 percent off. yeah. and
8:28 am
when the wind blows, it's even more fuel puts in. when the vin, with the mail word has spread, the secretary general of the world wind energy association from bon is visiting dot . this time, he knows how important it is to get local residents on board. if the energy turn around is to succeed and you know, to see some people can identify with it, they become part of it. then they are to some extent and also lobbyist on the ground for wind energy. they want to have and that themselves. tom, there is a good chance that there will soon be more supporters of wind power in germany. companies are now legally required to involve local residents for tonya schultz. it's a little too late. it's not so far so you can find out more on line to w dot com slash business. we're also on youtube. under the definition, it's watching the
8:29 am
word is part of hallmark of civilization the reflection of our society the spiritual awakening. an entire universe of culture, a new episode each week, parts unveiled a pulse, the beginning of a story that takes us along for the ride. it's about to perspective the culture information. this is the the news w mines. we've got some hot tips for your bucket list.
8:30 am
magic corner chat, hot spot and some great culture of the board has to vote w travel off. we go the 1st time that i saw it. it was in 2004 as a video and i really cries about it. and that's why i decided to as savvy archaeology, this was i'm with division for me to study and to see if my coach or.

14 Views

info Stream Only

Uploaded by TV Archive on