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tv   Business - News  Deutsche Welle  May 26, 2023 11:15pm-11:31pm CEST

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big places, but that's hardly paid, enforced. now, there was some concern among opposite residents that the ban on smoking weed could stuff on the same site. and that's all from the news for now, rob watts has your business updated after a short break, but the look at why germany is putting pressure on the governor of 11 on central bank. i'm the coast really for myself and all of us in the newsroom here in berlin . thank you so much for your company today. the stay up to date is our highlights. the t w program online, the w dot com highlights hello guys. this is the 77 percent the platform for the issues page share. i did
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the, you know, or did send out will be a not a great to catch. and then the top of applicants population is moving fast. the young people clearly have the solutions, the future is 77 percent. every weekend on dw, the germany tends up the pressure on lebanon's central bank chief. but then it's frozen millions of yours, of assets belonging to reinstall the by days after issuing a warrant for his arrest in spain stands ready to be your energy hubs. that's according to the country's economy. minnesota has been speaking to
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d. w. a state of your business on robots invalid. welcome to the program. germany's public prosecutor's office says it's frozen more than 27000000. yours an assets belonging to lebanon's central bank governor. germany has issued an international arrest for, for reinstall. it may accusing him of financial crimes including the loan during a $330000000.00 is also being investigated by several other countries from among the a 72 year old was once seen as the guardian of lebanon's financial stability. but it is now widely blamed for economic meltdown to began in 2019 to speak to on a kistin over and from the middle east, sent out the london school of economics. thanks so much for joining us now. i just wanna get an idea about who we have selling may is and what he's been accused of by gemini, and by others, what can you tell us? well, so let me is festival set to be one of the responsible see goes behind the economic
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crisis that have thrown big parts of the lebanese population depot, betsy, and he's currently being tossed of money laundering and industrial vend. but it's important to stress that his responsibility for the crisis actually goes beyond these charges. so. so that means the architect behind the so called financial engineering policies, which i've seen as a main drive up to the east crisis. and he's politics. are these policies briefly explained, ensure that private banks and nothing on which allows you owned by the brewing? indeed, what paid artificially high interest rates for the dollar to push as they have placed in the central bank. and i was away for the central bank to attract enough dollars to keep the value of the lebanese pound stables. but it also resulted in the accusation of wealth in the bank sector. and the move which the positives who were offered sky high interest rates for the deposits and that these banks. and we took them over 10 percent. so it's really something that's in distance lenses for
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them to pay the money in the bank rather than investing them in these businesses. so i think what people will be wondering when we say that gemini is issued an arrest warrants, and actually the european countries are investigating frances also issued an arrest warrant. why is a so interested in this issue and his handling of the finances in nothing on well, one of the reasons is that european countries have been pouring money into left and on. and i'm very interested in also trying to stabilize the lebanese economy. nothing on has been promised because financial resources and several times around. and in order to get access to these resources, they need to deliver financial accounts, abilities, and reforms. so europe in countries i'm interested in finding out or improving the transparency of these economy. so they can stay blogs, the country essentially,
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that secures interest to your team countries and keeping the lebanese economy as stable as of time. because of these to close. ation of less than them could ultimate, the results in various security threats, including refugee streams from from the country. havoc is dino ryan from a let's go to walk. you know, it's that now some of the other level business stories that are making use they've done so as buying a minority steak in italian carrier ita for 325000000 yours. it will also have an option to take over the rest of the company like to idea is the success of 2 la talia, which went bankrupt. stanza has long been trying to gain a foothold in it. today, i, the present galactic has completed a final test flights of thoughts taking paying customers on short trips to space 6 of the company's employees. aboard the flight experienced a few minutes of wait list best. the 1st commercial flights will be a science mission with the it's highly an apple followed by paying customers have
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been waiting for years. and techies currently has fallen to a new rack or low against the us dollar ahead of this weekend's presidential election run off, the lira has slips to 20 to the daughter on the prospect of edwin's re election. he's currently leading the pose against his political opponent. come out of kenny strode, springs. economy minister has told a to be a business, a country is ready to become your energy hub. nadia california has been speaking to us as span names to establish itself as a key strategic source of power for the rest of the you. the country is banking on renewable technology and in particular, green hydrogen. they looked like potholes on the way to an indoor sky slope, but it's too warm in this huge hall full that was trickling. isn't snow either.
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it's fertilizer and that needs hydrogen. lots of hydrogen can. you can leave it as is component, the phone number and the hydrogen is critical for ammonia production is what i might depend that in turn is the critical ingredient to make fertilizes that we sell fast a single c on this up until now, hydrogen has been produced with natural gas at this plant and put the yano, it's severely climate damaging. the more difficult for every ton of ammonia, we produce natural gas images, 2 tons of c o 2. set you very as one of your largest fertilizer manufacturers. it aims to be climate neutral by 2035, and to do this, it needs above all clean. we produce hydrogen. the energy company bedroll law is to supply it. even though this hydrogen plant is your largest, it is still only a drop in the bucket. you bedroll, i supplying, says 3000 metric tons of hydrogen. why? 160000 metric tons of it is needed by fertilizer manufacturer, us. but it was
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a matter of learning how to integrate green hydrogen into the production process. and that's what it was. it was now that we have the experience of this plan does. engineers were ready to build another plan and even bigger one in terms of operation maintenance. but it depends on the client's requesting. like in spain is the ideal country for green hydrogen, lots of space. lots of some booming solar production can supply lots of cheap electricity. without it green hydrogen is still too expensive. but more and more hydrogen means more and more water is needed. the production of one kito rama 3 and hydrogen uses 9 leaves of water in a part of spain that display by drought. but they don't worry about that too much input. so yano mean then for the sum of replacing gray hydrogen with green hydrogen means actually saving water because the production of grey hydrogen takes about
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twice the amount of water has green hydrogen investigate. i keep killed at some points. pain aims to produce enough clean hydrogen and ammonia and even exported. because in spain, fatty bailey, uh, along with refineries and steel mills, need hundreds of thousands of tons of green hydrogen per year. let's find out more about spain's green entity finds on the countries upcoming presidency of the u database. popular fairly alias spoke to spanish economy minister and nadia convenience and started by asking a lot springs doing to maximize its potential in clean energy. the energy is obviously a key issue for the competitiveness of, of european industry in the european economy and also for the welfare of european citizens. that's why last year we to reduce the variance solution which has allowed us to bring energy prices down very significantly and bring inflation down as so that spain is one of the countries with the lowest inflation rates right now. and
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that's thanks to the regulation, but also to a high penetration of renewables in spain. and indeed, we're betting very hard on renewables. we're investing a large share, 40 percent of the europeans funds, the next generation new program is directed towards the green transition. and in particular, developing the roadmap for green hydrogen and plastic renewables, sun and wind and, and we already see the, the impact on the ground around 50 percent of energy generated in spain comes from renewables. we want to increase that share and we would be happy to become euro ps, energy hub. we need to invested into connection though. let's talk a little bit about now the you, because spain is taking over, of course, the presidency of the you in july. and also i want to bring in here as well medical source. okay, because now spain has expressed, let's say, an interest in dealing with at the fact that at medical, sued has been installed now essentially for years. and,
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but it is going to seek to get that trade agreement moving. and how much influence does madrid have out? let's say a european level to get something moving with that with respect to medical. so we're rich to a preliminary agreement back in 2019. indeed, there has not been much progress since backing we do have a window of opportunity to now, not only because of spain sharing the european council of ministers, which i do think shows an increase is the interest uh, with regards the transatlantic relations. but also because right now there's a new government in brazil leading medical. so right now i'm from a geo political labor. busy i think there is an increased awareness that we need to have a deep cooperation with our lot in american partners on the other side of the atlantic . so we will do a or we can to make progress with miracle sort. also the agreements with mexico and
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taylor, and i do think the next semester brings us a window of opportunity that i hope we seize in europe. because we have every interest from economics, but also from a geo political point of view to defend our cooperation with us in america. now you're here in frankfort. you're, you're going to be meeting a transfer, shows that this is sort of a, a sort of rough, this, this conversation that we're having today. or what do you think transfer shelton germany will say, can learn from spain a well, i have a i have the utmost respect for 10 sort of shots. we're where i think good friends, since he was finance minister, worked very closely together to provide these european progressive response to the crisis generated by the fund that makes that is allowing us to have such a different way out compared to the one we lived up to the great financial crisis, i think he's a, one of the key actors of, of european solely, sorry to keep a are going forward. and, well, i think that's being conceptually pay
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a leading role with regards to a couple of issues. digitalization, we have invested and we are investing heavily in digitalization. we think there's a new digital economy, and we have to jump on this bandwagon. and, and, and europe has to be leading in these new technologies. and then there's a secondary, a we test to do with energy regulation thanks to the energy reform we, we on the took last year, which it has a temporary nature. but these be very effective in europe. a spanish industry is having a competitive edge because of lower energy prices. we've been putting on the table proposals to reform the european regulatory framework in the energy market. and i hope the germany joins in and is also a driver for change for change. so that we can insure europe's as for physical autonomy and also the competitiveness of european industry going forward, vice president of spain and the economy minister. now the academy. you know, thank you for joining us on t w. face to you. it's been a pleasure,
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a mess over this as an update of the business to the next time the was making the headlights and what's behind them. dw news, i forgot the show that hopefully issues shaping the continents slowly getting back to normal here. well, in the streets, the give you enough for points on the inside corresponds is on the ground a reporting from across the continent, all the french stuff from outside to you. the next you go to india. agriculture that's in harmony with nature. india embraces new ideas with the traditional method in different regions. farmers are experimenting with old gray varieties and natural fertilizers,
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avoiding model cultures and focusing on diversity. in 60 minutes on dw, she's got issues with a lot say what? the the says the, the news africa coming up on the program, the people forced to leave their homes and sit down for example, congo and fights and has people, li, we speak to some of them who i've ended up in refugee comes in the neighboring chat . sometimes when he hasn't agent as my 5 people say that way and victor.

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