tv Business - News Deutsche Welle June 16, 2023 8:15am-8:30am CEST
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and yes, sands are set to go ahead and this is a reminder about the old story. the re coast guard says 9 survivors of one of the mediterranean is west ship disasters have been arrested on suspicion of people's month, like at least $78.00 people around when official boat carrying migrants capsized off the coast of grace. hundreds more amazing optics. the business news with cape ferguson, i beds as well, and i'll have to move world news fully, excel here on the people in trucks inject, when trying to free the city center. more and more refugees are being turned away. these straight pieces extreme around
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200 people around more than 300000000 people are stinking because no one should have to make up your own mind. w made for mines and who will pay for germany. steel industry to go green workers out industrial dine to some crow pop, sand sparks flying over fierce eas stays a rule that won't allow the government to live up to its climate subsidy commitments. also coming up why indonesia is government wants to stop people from
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the buying in portion 2nd time to close. this is the of the business i'm paid ferguson. and thanks for joining me here in germany. thousands of steel barkers helping, protesting against each stage 8 rules blocking a mazda of kasha injection, aimed at making the industry more climate friendly. economy minister, a little bit hop at reassurance, thousands of test and clubs, and 2 of our chris and just book the deal with brussels is on the verge of completion. the company says it needs subsidies of 2000000000 euros for new green field, making fonts that will be powered by climate neutral hydrogen. and it's due to begin production in 2026. this to them comp, still planned as part of an industry that accounts for nearly 3 percent of germany's carbon emissions ion and still making produces around $20000000.00 tons of carbon dioxide
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a year. thanks to blast furnace technology. but that set to change gradually. the 1st less furnace powered by hydrogen will go into a peroration in 3 years. special pipes will need to be installed for hydrogen to be delivered continuously. so the production run smoothly. germany still industry plants, a 30 percent reduction, and it's carbon emissions by 2030. and by 2045, it wants to make steal production, carbon neutral. that would mean only using green hydrogen. the switch to green, a technologist will cost more than $2000000000.00 euros for germany's largest still make, or it does include the government plans to support businesses. so that the use climate targets can be implemented, clean steel will be significantly more expensive, and that's why the industry needs the government's support to remain competitive on the global market where chinese deal producers are the biggest competitor. for
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morning this, that spring and d. w. time it reports that louise osborne louise, welcome a long no steel is an atoria, sleep dirty industry. how realistic is this target to become carbon neutral by 2045? so it's not impossible, but it's going to be very difficult. uh, companies are moving in the right direction. they're looking at investing in green steel through hydrogen. um, but there are lots of problems with that. for example, there is just not enough capacity to make the amount of hydrogen that would be needed at the moment to, to make steal. there's also going to be new infrastructure that is going to be needed. and they're high costs that are going to be involved in that, and it's going to be costly for people buying steel in the future for the moment anyway. but it needs to be done. 8 percent of greenhouse gas emissions are created by the steel industry globally. and so that really needs to be brought down. so
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again, it's going to be difficult, but it can be done. okay, so you're saying it's not impossible. we saw images there of to some cross work, chris protesting because they want to ensure that the governments give them enough money to build this green steel point. we got a little bit of a flavor in the report, but maybe you could explain to us what exactly is green steel. so steel is made using coal, amerman. and the idea is that an oxide is taken out the ground into prof, purify b, and they need to put in uh, the, the cole. so that the, uh, the, uh, the items from the oxygen from the iron oxide can react with the coal. and that makes some vast amounts, carbon dioxide. and that is a major problem of what they can do is try to take out the coal and to use hydrogen instead. so that the oxygen is, i'm reacting with hydrogen and making water, which is great. if you then have renewable sources that are making the hydrogen,
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then that can lead to to green steel. also the energy that is used if it's renewable instead of coal, then that will lead to a, uh, an environmentally friendly products basically. okay. so that sounds very promising, but you did also mention costs. green steel is more expensive, then it's dirty equivalent. how can builders be encouraged to buy is instead of the tape alternative? well, i mean, the whole economy is under pressure to be compromised and you know, consumers are putting pressure on on builders and also others to dekalb nice not only what they are producing themselves, but also the supply chain that, that is coming from. so build as a going to have to in the future. look for green, the top alternatives to make their consumers happy. so that's one side government for also putting pressure on on industries to d, called nice so that they can meet their green goals. costs of hydrogen based steel production is going to be very high to begin with, but that will reduce also. um,
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so from 2013 to 2040 that that price is due to come down and will probably also be cheaper than coal based still eventually. okay. so looking beyond germany, china has always be known as a producer, as very cheap and very dirty steel. are there similar efforts there to green the industry? i mean, that's a really important question because china produces around 60 percent of steel at the moment and it's a big player in the industry. and there is movement also that are to move to green steel, for example. they have 6 major wells players that are are making steel and at least half of them are already investing in hydrogen based steel. so, so they are moving in that direction. they also have the compromise ation goals as a country that they have to stick to. they want to peak on their carbon emissions by 2030 and become completely called the neutral by 2060. if they are going to do that still needs to play apart because it's the 2nd largest industry with regards
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to a company, emissions in china. and. and we're just gonna have to see how economic growth goes as to whether china will stick with that plan or not. okay, so things aren't tentatively going in the right direction. there is, i was going, thank you so much for pressing. hold on. now to some of the other global business stories making news. china central bank has cause it's main interest rates as new data reinforced concerns over a stalling post coven recovery in the world's 2nd largest economy. the move signals, the official dissatisfaction with the face of the chinese economy, which was expected to find a box after star. she's abandoned strict corona virus controls. canada is freezing ties, but the china led asian infrastructure investment bank, while it propes allegations that it is dominated by the chinese communist party. the canadian, former communications chief of the a i b, quit this week after making the allegations the bank calls criticism baseless and
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disappointing. the european central bank has raised his key interest rate by a quarter of a percentage point to 4 percent. it's the bonds, 8th consecutive hike, bringing borrowing rates to their highest level in 15 years. you inflation has dropped slightly over the past months, but remains of part higher than what economists consider healthy. a group of music publishers has filed a lawsuit against twitter over alleged copyright violations. the charges relate to around $1700.00 songs, which they say to us are used to attract users to audio visual posts. if science be in violation of copyright law, the social media company could have to pay more than $250000000.00 in damages. in indonesia, the textile industry employs some 3700000 people. despite the strength of the sector, many local choose to buy imports to 2nd hand clothing rather than the more expensive
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fleet domestic. he made terms of. now, authorities are violent to crack. that in the practice looks like dirty laundry, but it is not 2nd hand tech styles, satellite hot cakes and indonesia at this market. and by do was just saw there $1100.00 stalls, offering well known brands at low prices. the board of 2nd and close to indonesia has been illegal for almost 10 years, but no one here seems to care. for many some people maybe relax into wearing secondhand clothes. that 2nd item, the upper middle class people here are interested in the stuff themselves. i disagree with the fun because so many people get the income from 2nd, i'm trade unemployment will increase. if this is prohibited the
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imports get mostly from japan does by the bread bishan. indonesia has still imported more than $870.00 tons of use quotes worth more than $11000000.00 us dollars in the last decade. you know, now the recent government has had enough. they're adding to crime down hard on the 2nd hand market in a bed to protect the domestic textile industry. concerns over health issues such as mode found in word close thing are also among the reasons why get that mulatto import pockets. the band of imported cloth is not enforced by the government and we allow them to keep selling in indonesia. the domestic techs, the industry will be disrupted when did you out of the movies. yeah. yeah, and i don't. and when that happens, the power of the country develop the $100.00 that it will buy one part of the strategy you to protect the domestic reduction as dues lab. huge stairs on a long list of newly produced textiles and fabrics. but many in the industry say
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this is actually at the root of the problem high and board costs. do you do? tears have a negative side effects of factories like this one did, but do, would have to manufacture using only material produce in indonesia. this restricts their ability to offer a wider range of products and boost experts. plus the factors that don't develop neither those skills nor the machinery to produce global standard garments, says someone who is familiar with the textile industry. hello, say it, but i think on the and the problem in indonesia is actually that the supply chain is too long, long supply chains without in high costs that in countries like china, the supply chain is already short. indonesia inevitably has to go in that direction, but the live does the indonesia becoming more competitive on the global market, while still shopping for board designers shirts. i'm finally installation. it's got
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sweden looking so crazy right now because us senior be on site and may have contributed to the countries 9.7 percent here on your price. rise in may. the upper trajectory coincided for the stars of her world's tour and the country costs for hotels, clothing and recreational services, rose prompting an analyst, a sounds confined to conclude that her much hyped concert may have accounted for 0.2 of the 0.3 percentage points. which hotels and restaurants added to the countries, inflation rate bills, bills, bills, and that will suffice show from where you can always check. i do have a dot com slash business. we're on the deed of the news media channel as well. for me on the team here in berlin, it's by the
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entered the conflicts with sarah kelly. after months of speculation, the long anticipating new premium counter offensive appears to be under way. my guess this week on complex own is ukrainian deputy prime minister all her stuff and need to know who overseas ukraine's integration into the un nato. what more does she need from partners to future proof ukraine's defense conflict zone on d. w. to the point? clear positions, international perspectives. after much preparation, ukraine's long awaited calendar offensive has begun. and while its forces are still reporting their gains and meters, experts say the progress is credible how we're putting react. that's our topic onto the, the in the double hills or
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sports, all of our scoring we say they were about never giving up sports flies every weekend on dw, the after months of speculation to long anticipated ukrainian counter offensive appears to be under way. what will count as victory and on what time table could targets extend as far as russian occupied crimea? my guess this week on complex own is ukrainian deputy prime minister, all the stuff you need to know who overseas ukraine's integration into the when nato we.
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