tv Business - News Deutsche Welle June 27, 2023 11:15pm-11:31pm CEST
11:15 pm
the chinese influenced back drunk featuring dragons and blossoms. it was the last painting that the artist completed before he died in 1918 flints. masterpieces have fixed some of the highest prices in the art work. this is a reminder of our top story, this. our ukrainian officials say at least the people have been killed in a russian missile strike on the eastern city of chroma tours. within 20 others injured, rescuers are raising to look at people who may be trapped under the roof. first covers of next week dw business days, have a good evening of the, enjoying the views, and come to take a look at this. out to the highlights. every week, email inbox, subscribe now become a criminal pretty kind,
11:16 pm
a reading news told me about sugars paralyze between your societies, computers and governments that go crazy for your data. explain how to use technology's work. that's how they can also watch it. now, the, the germany is the biggest industrial scandal and decades sees its 1st quarter rolling, and it keeps one of the formerly highest ranking facilitators of the diesel gate scandal out of jail. to learn experts you on the verdict also coming up for the car
11:17 pm
industry, shift towards electric, mobility b m. w is breaking ground in the united states for a brand new battery assembly plant with keeps its options open. and after i recently spike and gas prices, we ask the trade minister of norway, which is producing a lot of natural gas. if elevated prices are here to stay, i'm 1st cobra. welcome to the program. former all the c o rupert style has been given a suspended sentence of one year and 9 months for his involvement in the diesel emissions scandal. the munich district court also find in 1100000, europe's earlier this year, the former seo and fox flag and board member agreed to a plea. bargains with prosecutors and exchange. he admitted he was aware that the car maker had installed a legal software which allowed the vehicles to manipulate emissions while undergoing tests by authorities. just establish the highest ranking, former fox by an executive to be convicted so far over the emission scandal that
11:18 pm
rocked the auto industry in 2015. let's take a closer look at this verdict with legal expert alexander folk. welcome to the w, a suspended sentence of one year and 9 months and a fine of 1100000 yours. what's your impression of this? really? i think it's a very forgiving verdict and the costs of went pretty life on him and considering what he had done and what is the volvo off in the menu palatial scandal? so in his confession group of solace had he had stopped the sale of nip related cars too late. this was outlined his entire responsibility in the scandal. and i think not because he was in tops for a long, long time. and um he had all the contacts and was in touch with all the engineers and with all the managers especially um the other products you didnt man,
11:19 pm
i'm both going hubs. and that's, i guess just the tip of the iceberg. uh so if this is a rather mild rolling uh, in your point of view, and if uh, the concession by mr. such style a doesn't really outline all is responsibility. so why did it come to this ruling and your opinion? i guess um the state of the prosecution was a little bit tough even for the, for the judges, for the court and for the fed prosecutor sold is the yeah, it's a done deal for all of these sites. and i guess it's just the best way to put it in as we say here, this is rolling play to the impression many people may have that corporate executives can do whatever they want. they what they will not go to jail for it. unfortunately that's one step ahead and this kind of terms and once
11:20 pm
a bit ahead in this direction. unfortunately. so yeah, i think the public is not too happy about this verdict and the view they made, but i'm yeah, completely understandable. i guess. what do you mean when you say this ruling could just be the tip of the iceberg? and it could have been the tip of the iceberg. um, what could have been in terms of what could have been on i'm viewed, i guess now the case is closed as we say. and no, nothing is going to be reviewed of couple of that one to. so you suspect that these verdict said, we heard that there are going to be basically a single a rulings does not going going to be a wave of convictions. i guess not maybe in terms of other managers who are getting prosecuted right now, but not in terms offer, but you gotta how much is the current drive and electric mobility? it's want to look at the industry as a whole. so how much is
11:21 pm
a this drive and electric mobility, the result of this emissions the scandal and your point of view? i guess the whole emission scandal is way bigger than the money pollution around the audi company. but uh, in terms of folks back in and as we uh with our firm in this kind of mental condition scandal from the very 1st a receipt that there was a change and since 2015. and that's the scandal. and it wasn't really the. yeah, what's we need to turning point for the automotive industry to um get away from the, from the diesel and the super a vehicles um way um to the way and uh to the shift to the electric. uh, automotive industry, us attorney likes on the phone speaking to us earlier today. now, staying with the auto industry in the us, the government is reading of its last week structure car manufacturing towards
11:22 pm
electric vehicles, subsidies a new exhaust regulations are pushing companies to build new generations of cars and the necessary production facilities. you know, the reporter mountains least month visited bmw, his largest plant in the world and south carolina. that today is breaking ground for a brand new batteries assembly facility while keeping its options open. this is what this investment electric vehicle looks like. a massive undertaking revolution and mobility, which humans will have to work and lock the machines to make it all happened to be in w and south carolina workers are part of this innovation drive, but not without some fee is over the safety of working on the high voltage batteries involved anxiety, mark newton addresses and his classes with trainees together, our associates weren't trained or if they didn't use the correct grounding of these components, we could have a high current effect or, and with any electrical hazards that involves high levels of current associates
11:23 pm
might get stuck to a system unable to pull themselves away. seems obvious draining. dr. comes is it invests $1700000000.00 us dollars to manufactured electric vehicles, here in spartanburg, south carolina, a brand new battery, assembly facility, and expanded production space with solid, upgrading, next years within the next 7 years. painted inspection process, these 2 are deemed w won't change much as a transition center for the electric vehicles. the company will type further into a market set to increase massively over the next decade. also aided by policy intervention, the environmental protection is expected to boost the sales united states tax credits through the inflation reduction the like the cars cheaper for consumers. the, with the set a rewarding inability investment in north america. because customer demand is
11:24 pm
difficult to forecast, w keeps its options open with the ability to switch deduction lines between combustion engine unfettered car. so you have to have a next symbol set up the brick maybe, and those people are rand bubbles and you'd be in the mind, or maybe in a little bit of as low of the mind. hmmm as investments with windows, the supply of the visa around the world, about 2 thirds of the cars rolling off the plans and spartanburg, are exported. the latest us industrial policy is designed to test that attract more for and high tech companies to become local manufacturers. don't use metro, so he's been reporting there now to some of the other global business stories making news, the international monetary fund. as a warning for central banks, the i m. s. deputy had died. coping us says central banks may have to tolerate a longer period of higher than targeted inflation rates to help them avert
11:25 pm
a financial crisis. that's because they're increasingly faced with the choice of solving debt distress and some countries and hiking rates to 5 inflation. european central bank presidents christine la garza is the cd is unlikely, and an end of its recent interest rates increases anytime soon. the arizona central bank had also reiterated plans to raise rates next months. that would be the 9th rate hike in a row on inflation 2 years on this node. underlying pressure is on prices to persist or after months of release industry and homeowners have to deal with price hikes for natural gas. and guess once again, that after several production facilities and norway have been taken off line for repairs. meanwhile, gas demand has been on the rise. after high summer temperatures have increased the need for energy, intense, cooling, and air condition. some industry experts fear that higher demand and reduced supply
11:26 pm
could be a long term issue for markets meeting. the higher prices for some time to come. for more on what more we can do. my colleague murray seen a spoke to you or ways trade minister, young christian investor. this has to your norway. it has displaced russia as your ups main source of gas. from your experience, how has norway's role these other europe shifted in this time? it has made that we're partnership even stronger. because we are, by far the largest supplier of natural gas resources 2 years now, that's really very important for european stability and then for the energy situation in europe, at the same time we are going through a huge trends formation. so we are increasing our investments also in new technologies such as hydrogen, carbon capture and storage batteries, offshore wind. and it's really important that we work together with our close
11:27 pm
friends in europe now to see how we can accelerate this energy transition. and that's quite challenging for our economy as well. speaking of investments, norway has the largest sovereign wealth funds in the world, and that's solving well funded as billed with money from exporting oil and exporting gas. now your government has said how to use this money responsibly in order to protect the environment. but isn't that a paradox? no, i don't think so because we will need equity and funding to be able to find on the green transition. and it's true that norway is a rich country, that's because of our natural resources, but also because we have a highly skilled people with a lot of competence and knowledge. and they where a higher degree of innovation and productivity and we're able to, to rethink and to always develop already industries. but that also gives us a huge responsibility right now we are exporting as much gas. we can to europe, to make sure that we have a well functioning european energy market,
11:28 pm
but at the same time, we have never been investing more in you agree? technologies in germany this past year economically was marked by an energy crisis . what do you think when i started i can learn from norway? i in my life, so they are he and he's government spacing really big challenges, but they're also facing another opportunity. so there are things germany can learn from norway, 4 out of 5 car, seen or way know are fully electric. we have been able to, to replace or all the oil based heating system. so now we're household being replaced by heat pumps and so on by using the right people don't make incentives, carrots not sticks to be able to make sure that everybody's on board is the green transition. and i think that's at least to accept this where we are more than willing to share our experiences. great, thank you so much feedback that wraps up our show for now for more check on our website at www dot. com slash business. and of course, the dw,
11:29 pm
use youtube channel for me and the entire business team here in boland, thanks for the blessing or a curse. mozambique scott, as wells was suppose to boost the economy. but the country is beset by terrorism. instead, western energy investors have put their big plans on, hey, rwandan soldiers had been sent in a c, c, d, w, of 64 countries. this went out to, to i need to since the tax, nearly half of them are right here in the world views clash on this street debates and i wrote the policeman will address it to detain. you both being eligible.
11:30 pm
the problem starts with religion. i do think the vision is responsible for these large executive, 77 percent, 60 d w. we've got some hot tips for your bucket list, the magic corner check. hot spot for food and some great cultural memorials to w travel off we go. the soldiers patrol a city in northern mozambique they passed by rows of destroyed shops and holmes. a handful of stores of just reopened.
20 Views
Uploaded by TV Archive on