tv Business - News Deutsche Welle May 24, 2023 1:15am-1:31am CEST
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to give the cowboy a good run for his money, but unfortunately she did not get to see if the grass was greener on the other side of the highway. she was captured and she was returns to the farm. just didn't make to know the story is the last of that's pretty cool. that's all the news for now. coming up next, rob watts has your business update, including of look at how the warranty print is affecting invested. it is more on d, w dot com. that's our website and also for us on facebook and twitter. i'm on the and he says, thanks for joining the work secret slide behind these discovered new adventures and 360 degrees and explore fascinating world heritage sites p w world heritage 360. yeah. no
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one picks all. we in fact, every day the world wide web for free comes we can take the different w called world, unpack pulse of your info and all the input your w story. now on to the, those wall mean businesses are avoiding investing in your up. we'll look at the latest data from gemini and also here from the people who compiled it. a kind of well come together to tackle rogue crypto traitors. we'll examine proposals for new
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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 a. there's a day to be a business on robots in berlin. welcome to the program. so as well in your it's making the confident, less attractive for business. so the answer is, not yet you, 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
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leading country for direct investments and terminate with 279 projects in the pipeline in 2022. but you can also see investment from post breakfast britain, the u. k is also rising with a 21 percent jump last year is u k. fence. so you can foretell in the germany is proving particularly attractive savings. 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, 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 q in, but then i asked germany, trade in invest. see jo, robot, ham, on his take on that. it's a good sign. so i guess some uh, also shows that i'm germany is still attractive from, with all the different difficulties that we have around the many is attractive for
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an, for an investments for money from investors. from outside of germany shows the business opportunity that we can offer in germany the attractiveness of the trends mation 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 war began in europe and has the invasion of ukraine by russia had an impact on how companies approaching the idea of moving to gemini. and of course, it has an impact company 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
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energy cost. i was there activities as us don't have such influence or don't see that that there is an impact on their activities in germany, in the 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 you have for 2022 to somebody else that might end up having an impact to the numbers. and along to him, his president 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's to have an impact in the coming. yes,
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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 2020, to the infection 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 response to the paternity is that offer to 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. and europe starts investing, and germany means also investing in europe. the supply of you repeat market for example. so i have the impression that i'm the going to be still companies and i'm
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very much interested in investing in europe and in germany, in certain sectors energy supply or was 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 german, a trade and investor aspect to at the headquarters invalid. now the world's biggest securities watched out has proposed the 1st global set of standards for regulating crypto assets. i also those members include most of the will as market regulators, including the c. c in the us is recommendations. while i was there was a scandalous in the crypto industry and the collapse of the exchange f t. x is millions of clients. so i believe to collectively last billions of dollars i'll scares recommendations as regulates as around the world to cooperates to control companies with operations across the board as well. i've been speaking to the
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secretary general of all sky and mountain, maloney i asked him, is the collapse of f t. x could have been avoided in a well regulated environment. you shouldn't get outcomes like that. and it is quite notable the parts of the f t x, a business that was actually domesticated into united states and noted states and 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 proposals will be taken out. we are record is that our proposals are usually taken up by everybody. it can take a little bit of time because changing legal systems takes years. so um,
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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. 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, as a globally fragmented market, with lots of jurisdictions doing things that are on the way as like a mountain maloney 6th street general of piles sky. thank you very much for joining us on the top of your business. go to thank you very much, and you'll be able to watch an extended version of that interview on the do you use youtube channel? now let's take a look at some of the other global business stories making the news. economic growth in the or as i edged down in may, 2 or 3 months. no, because of a drop in industrial production. the growth has been in positive territory for almost 2 years. meanwhile, inflation remains 70 high and maintaining presses on the c, b to raise rates. for the international monetary fund,
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his balance of his best review of a $15600000000.00 loan program for ukraine, which is approved in march. it's part of a $115000000000.00 global package support countries. economies of factors versus invasion and take talk is filed a lawsuit against montana's decision to bomb the, from the operating in the us. you know, in the us state, in order to protect residents from the last intelligence gathering, tick, tock, c, o showed c to close to them and can stay unconstitutional. assess, he's confident his company will prevail now, which is more important access to both to or to day. so it's a very futuristic sounding dial. another one was actually playing 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 entities to go around. it only takes a few tops on
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a cell phone, and this bedroom transforms into a stage for tick tock performance, my a amena 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. it's
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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 is 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 the 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 tune bag. 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
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security. check tucker 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 to take talk 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 investments 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 versus blowing ukraine. they were even bigger, increases investments from us and the u. k. so from the end of business to
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enhance the length of all head over to the data we dot com slash business. so the, the lots and lots of children to, to fuse the wells population is growing at, on the balanced rates. in some places it seems nation press and was hoping to present global d, w. ready for an underground upgrade. big data and quick instruction side of the spin mom spelled tunnel. this 18 kilometer mega project will connect germany to denmark,
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from 8000000000 euros. a real deep sea nozzle made in germany in 60 minutes, w, outdoor sports, all of our scoring we say they were about never giving up sports lights every weekend on dw, the or 3 things really in, in the most of the best, the steps and migrating more and more of the folks and more and more younger ones to we have a problem. how can we solve the
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