so tight as well examines proposal as the new global regulations and a new data center is causing a dilemma in no way with local factory saying that wouldn't be enough energy to go round. there's a database, nissan roberts, in berlin, welcome to the program. so as well in your it's making a confident, less attractive for business. so the answer is not yet. and if it goes from jim and he's just outside for an investment health study last year, despite the 10th situation surrounding rushes, invasion of ukraine on the massive impact it had on germany's energy supply chains that were more than 25000000000. yours of investment in germany last year that's according to jeremy trade and invest and that is considerably more funding 2021. as you can see here. but that difference is almost entirely accounted for by us to make it entails plans to invest over 17000000000 in german plans. the us is the

leading country for direct investments and terminate with 279 projects in the pipeline. in 2022, you can also see an investment from post breakfast for us on the u. k is also rising with a 21 percent jump last year is u. k. fence seek a foothold in the gemini is proving particularly attractive. it seems and it comes to a chip making electronic ability and energy industries that are being forced to innovate by digitalization and climate change. but despite a rise in the value of investments, the actual numbers, the rule, fig, for foreign projects, germany attracted last year was almost exactly the same as it was in 2021. so at the h 2 in the then i asked germany, trade and invest see jo, robot, ham on for his take on that. it's a good sign. so i guess some uh, also shows that i'm germany is still attractive. i was all the different

difficulties that we have around the many is attractive for important investments for money from investors. some outside of germany shows the business opportunity that we can offer in germany attractiveness of the transformation of the industries . i think it's a very good sign for a recent developments. yeah, embracing developments. we're talking about the year when, of course, a will began in europe and has the invasion of ukraine by russia. had an impact on how companies approaching the idea of moving gemini, and of costs. it has an impact on those companies and do more. i do think about whether they are deciding to invest in the region where the war is not that far. so it has an impact of cause. also the influence of the war and the energy supply in germany has an impact on investment activities of companies. more than

every sector and so there are companies that are much more influenced by energy cost. what's their activities as us don't have such influence or don't see that there is an impact on their activities in germany into service sector. for example, digitalization doesn't. this has not been influence with the war and ukraine, but it has an influence. we don't see that in the numbers yet. um uh, knowing that an investment project takes about the year from the 1st stop cent you think, or is that a company thinks about investing in the region. so it is relevant that is that we have in mind that this impacts might change the numbers in 2023. we don't see that yet for 2020 to somebody else that might end up having an impact to the numbers in the long term is present in bivens inflation reduction act. and they sent, devising companies to authorize in the united states instead of in your space. that's how the european union seems to see it. all you expecting that to have an

impact in the coming? yes. i expect that this is going to influence the investment scheme or um, in, in total for europe. we don't see that in the numbers in 2022, the impression reduction act and the opportunity started only in 2022. so we see that there is going to be um, investments that are relocated, almost relocated. bunch of that companies that think about where to locate their money and to investment projects. we don't know what, how big the intake is. we see that as a risk funds um uh, to 0 paternity is that offered through the impression reduction act. again, look for every sector and look for every company from every nation. so there are companies that still half and sees you have them in mind to invest in germany and see opportunities in germany. as before in europe, starts investing in germany means also investing in europe, the supply of a repeat market, for example. and so i have the impression that i'm going to be stu companies,

and i'm very much interested in investing in europe and in germany, in certain sectors energy supply or what's the relevance where energy supply has an impact. all there is the transformation of an industry has an impact mobility or future mobility. for example, they might think that the opportunity is big and that might influence their decisions. prod him on c o, o german, a trade, an investor aspect to at the headquarters invalid. now the world's biggest securities watchdog has proposed the 1st global set of standards for regulating crypto assets. i also those members include most of the well as market regulators, including the c. c in the us. is recommendations, follow a series of scandals in the crypto industry and the collapse of the exchange f t x is millions of clients. so i believe to have collectively lost billions of dollars . i also guys recommendations as regulators around the world to cooperates to control companies with operations across the board. as i've been speaking to the

secretary general of, i'll go mountain maloney, i asked him is the collapse of f t x could have been avoided to you know, in a well regulated environment, you shouldn't get outcomes like that. then it is quite notable that the part of the f t x meant a business that was actually domestic cases in the united states. and it states an overseen by us regulators did not suffer from the kind of problems that f t x itself a faced. and so, yes, in principle, you shouldn't be able to avoid that kind of experience, but only on the basis of very significant changes in the way businesses runs, the kind of conflicts of interest. we saw the f t x model, they just didn't exist anywhere. how confident tell you that i ask is because those will be taken out. we are record is that our proposals are usually taken out by everybody. it can take

a little bit of time because changing legal systems takes years. so um, but you've got to start somewhere, so i'm pretty confident we will get there. i'm also pretty sure it will take us some time the period of perhaps years of engagement with, with jurisdictions to actually talk through it. and once they've achieved how to change on how to get up to the right level, so we will get there. but it's a hard struggle because as you say, it's a globally fragmented market with lots of jurisdictions doing things that are all away as like a mountain maloney secretary general of bio sky. thank you very much for joining us on the w business. got you. thank you very much, and you'll be able to watch an extended version of that interview on the domain, use youtube channel. now let's take a look at some of the other global business stories making the news, economic growth and the, or is there an edge down in may 2 or 3 months low because of a drop in industrial production of a growth has been in positive territory for almost 2 years. meanwhile, inflation remains 7. the high maintaining pressure is on the ac

b to raise rates for the international monetary fund. this does have his 1st review of a $15600000000.00 loan program for ukraine, which is approved in march. it's part of a $115000000000.00 global package to support countries. economy is a factor as much as invasion and take talk is filed a lawsuit against montana's decision to bomb the for the operating in the us. you know, in the us state, in order to protect residents from the last intelligence gathering, tick tock c showed c to close them on can stay unconstitutional. assess, he's confident his company will prevail now, which is more important access to both to or to data. so very futuristic sounding dynamic, but one was actually planning out right now in norway funds to build an energy intensive data center. so companies including take talk, raising concerns from nearby factories. that word, that wouldn't be enough energy to go around. it only takes a few tops on

a cell phone, and this bedroom transforms into a stage for tick tock performance. maya amina and julia, from oslo, enjoy making short films for the platform. the app is a central part of how they spend their free time. that's that the best part is that the videos are very short, so it doesn't get boring. and the algorithms personalize the content for everyone. a, tick tock may be entertaining, but it threatens jobs here it easy flow were parts for water infrastructure are produced. the company is located north of oslo in a large industrial park. these operations require plenty of energy, and that is in short supply in norway right now. probably 2 squares to also cover the power requirements of a new data center being built nearby, which will be used for processing take talks, video data, the industry fears for its power supply. for 4 o'clock the mailbox, it's

a hobby. in the short and medium term, we have enough electricity, but in the long term, a lack of electricity could prevent us from growing and contributing to clean drinking water around the world. you know, i think it's more important to supply the world with drinking water than to build a data center for tick tock to norway has been able to meet its electricity needs almost entirely from hydro power green electricity is now attracting many energy intensive companies like the tick, tock, data center, and to that the transition to each vehicles and the export of electricity to other european countries. there are problems even with the expansion of wind power. these mills are located in a protected reindeer grazing area, which is illegal. so protesters mobilize to stop the expansion of the wind park, including environmental escalate, a twin bed. one investor wants to put 3000000000 euros in the tick tock data center . he says it will create $350.00 permanent jobs and safe guard. europe's data

security, tick tock already has a dubious reputation when it comes to data security. many companies and government agencies in norway prohibit their employees from using the app on work phones for fear that the data could end up in china. now the data has to stay in europe to do that, we're building this data center here in norway into more in ireland, so that the data doesn't leave europe the nor ways. dilemma is not just a tick tock problem. it's a question of how the country allocates its resources until new energy sources are developed. just a reminder, the top business story that we're following for you this our, for an investment in germany has the name is elleon despite the challenges facing the country's economy. if they could show it, remain largely on change last year, even as energy prices sold as a result of russia's war and ukraine. the even bigger increases investments from us

and the u. k. so from the end of business to enhance the length of all head over to the data we dot com slash business. so the, the

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