in china, also coming up maritime nations agree on a goal to slash submissions from the shipping industry to net 0. by 2015. we lost our climate reports or how feasible losses this is due to the business on k, ferguson. and thanks for joining me. just days ago, a new on the espionage low went into effect in china. fueling fear is that foreign businesses in the country could face legal risks as a result. below expands the government's definition of espionage to cover accessing any documents related to national security. this could include university research, multinational business dealings, or even social media chests. meanwhile, in a separate development, china postponed a trip by the use foreign policy chief joseph burrell. scheduled for next week, without giving a reason. tensions between western powers and aging are currently high as countries seek to reduce their reliance on the chinese economy. earlier ice

folks, he has escalated presence of the european chamber of commerce in china. i began by asking him how worried to foreign businesses are about this new anti espionage all them i think we're not particularly boards and above the as i is the boss and no i. so i think it's important that the, the context of the vital development that you've seen in, in china or several years now. we have seen that security considerations secuity bit self reliance, consideration, obligating to saving from all aspects of the, of the cannot make life. and i think that is probably the, the primary concern for us as we are not. and we have no specific use. this is where companies have had issues with the anti is in us know itself is also ready to do. it only took effect on the 1st of july. it is all fish into a panel of

a goal. the same size of the economies that are coming within the purview of a security can see races you're seeing now for several years. this drive towards it has the chinese self with biased with us for it to you, but then a technology that's something that has a fairly direct impact on the business. so instead of focusing on this one for to go so i think it's more of a trip like the direction of travel, the boys us, the secuity come see the reasons seem to take and don't go as an option, dr. pop. and in terms of opportunity to consider raising some china now you've been living and working in china for 25 years, would you say there is more or less of a level playing fields now, then there was when you 1st arrived it's, it's a good question because 25 years a go to it was really a very different across in china was just getting ready to enter into the w t o at

a cost china's into incidence into the w t. o was the very big instance of i bought an opening in china and what photos and from china's accession to w 2 in the 2001 and also the global financial crisis. 2008, was really to go go from the age of globalization. and also, and your team participation dot com, you obviously as a patient by the charge economy in, in, in, in europe. what we have seen the after the google interface across is, is a c that then it has in particular or the past decade, progressively, in certain areas to come and do bit more difficult for you. open carpenters add to participate. and there's a lot of criticism that the you does not speak with a unified voice, and it's dealings with china. how does that affect business on the grand

and i think it tips tips very much. this is a be industries where your customers, they must live that way. it's not a controversial. there will be a lot of other industries where that where the other screen and then of course, crease or, or to is also china add add to the past, make use of these a disagreement. so i think it's a very important that the, the union that the member states that they develop its capacity to speak with a one was, i don't understand. also the chinese side is a bit of frustration sometimes by the beast visiting, coming out of namespace. so at least from your perspective, saving in china would be very beneficial if we can make sure that whenever we engage x to china and all the countries that, that be moved towards heavy unions, us was all right. yes. ask on president of the european chamber of commerce in

china. thank you very much. i to night to some of the other trouble business stories making news. and staying with china is foreign relations us treasury secretary, john jaelyn says a d coupling of the us on chinese economies would be quote, virtually impossible. she made the comments during a 4 day visit to the country intended to stabilize on increasingly tens relationship between washington and spacing. twist or has reportedly threatened to sue massa off the launch of its bible short messaging platform. the new up threats attracted more than 30000000 users and its 1st day twitter owens by 11 multitude mess up, run by mark sucker burke of on low fleet using its trade secrets by hiring former employees in the united states hiring appears to be slowing down with fewer new jobs unexpected creation in june. the world's biggest economy out of 209 size and job last month died from 306000 in may. the vickers may come as welcome

use. the federal reserve was recently post it's aggressive interest rates, high come pay. chinese authorities are expected to impose a more than 1000000000 dollar fine on ons group marketing the end of a years long regulatory overall office in tech company. the record find comes admit a wave of bruising crocodiles on 5 as enterprise now, maritime nations around the world have agreed to reduce emissions from the shipping industry to net 0 by around 2050 the vague deadline. and i said, amazing of the us international maritime organization. in london, apparently aims to take into account differences in national circumstances. the shipping industry comments the kinds for around a 3 percent of global greenhouse gas emissions. putting companies under increasing pressure to switch to green or fuels. the 18000 containers. a typical

soul for the merry mask, it will be at sea for 6 weeks, transporting the goods from europe to oakland and south korea. like most of the global contain a fleet, the ship is powered by fossil fuels. the industry emits around 3 percent of global greenhouse gas emissions, and that's set to rise. approximately $11000000.00 tons of goods are shipped every year. a figure estimated to triple by 2050 shipping is an integral part of global supply chains. and so if were to be compromised, everything else we need to do. carmen shipping in 2018. the us international maritime organization puts in place targets to reduce carbon emissions by 50 percent by 2050 compared with 2008 levels. but delegates this week of the meeting in london to come to a new, more ambitious agreement. you know, it's possible and,

and it's going to be far easier and far less costly if we had to good as we have good frameworks in place. shipping firms are already investing in low comp and solutions like a mess and all a climate neutral fuel. but it will be a long journey ahead to bring the sector in line with international climate goals. to speak more about this that spring and dw climate reports are at louise osborne louise. net 0 by around 2050. it all sounds a little bit vague. how big of a deal is this agreement actually? so yeah, it's a lot more vague. then environment's less hoping for. they wanted to see emissions caught by 45 percent by 2030 and for hardnet 0 deadline by 2050. obviously they were disappointed this deadline or this target that's now put in place is a lot more flexible as well. so no binding,

so that's the little penalty for 4 countries that don't meet that and it's leading to, uh well it basically means that it's not in the direction that they wanted to to be going and saying that it is a step forward 2050 as a net, so net 0 deadline, even if it's around that point, it's still better than what they have before, which was a 50 percent reduction by 2050. so the secretary general of b i m o has said that this is a starting point and that they can, i intensify that later on in the is the com. okay, so based upon which to work? now we heard mentioned in that report of carbon, low carbon carbon neutral feels, maybe you could tell us a little bit more about the process of the carpet ising, the shipping industry. how does it actually work? so they're looking at a number of pathways. one is a fuels like a mess and all of that would need to be produced using a renewable energy for the electricity producing it. so that is one direction and

companies like mask are investing in the moment. and then there is also hydrogen, which is another possibility. a lot of industries are focusing on hydrogen as a way to, to move to clean our energy, especially because we already by products of using hydrogen is water. the problem with that is that it needs a lot of infrastructure to be put in place and also liquid hydrogen needs be kept up minus $253.00 degrees celsius, which obviously leads to a lot of problems. okay, so it's usually a difficult challenge and i'm thinking it's not just shipping that is trying to be carbon as a whole. lot of other industries are as well. so the demand for these cleaner fuels must be enormous. is the capacity there. be the honest to that is not like the renewable energy required as last to make these a fuels and b is up with a solution is the way of talking about and there isn't the capacity for that. at the moment. the b, they will be looking at what, sorry, this is also making

a fuels more expensive. one story for example, set the operating costs of a ship would be increased by 40 to 60 percent by using these. if you look at the moment, just because the quantity is not there, i think that there is a lot of pressure on companies at the moment to produce our carbon emissions. and they are then putting that pressure on shipping companies. 80 percent of what we consume comes via ship. so it's a big sector and very important. and they also need to look at the compromising the supply chain through government and penalties and policies as well. so. okay, so a huge amount of work to be done. there louise osborne, thank you so much. that brings us to the end of today. so for more you can always check i t w dot com slash business. we're on the t v news youtube channel, as well, from me on the business team here in berlin is by and take the,

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i've always been very interested in the concept recycling su am come, is a jewel, isn't gonna greet done in pieces, inspired by the past and is a passionate advocate for recycling gold. we love to make meaningful pieces. one of my previous symbols is this article 5 single weeks me. then from the past 3 megs. 19 minutes on a d, w. it's all just a practice, or is it at the mention of a simple clock with a wayne 7 months before russia attacked ukraine, a filtering documents of daily life in the town? how are the people from the club? was the growing tension currently to go in and be insight starts july 8th

on dw. evelyn charmaya, welcome to my pod cast. last the matter is that i invite celebrities influence of ad experts to talk about all plain loves extra date. and yet today, nothing less. the south, all these things, and more in the new season of the fuck. com. make sure to tune and wherever you get your pots costs and join the conversation. because you know, it's last matter the frankfurt international gateway to the best connection, south road and radio. located in the heart of europe, you are connected to the world experience outstanding shopping and dining offers and drawing alice services be our guest at frankfurt and bought cd,

managed by frank bought the business day though he knew his line from berlin. the u. s. is set to announce cluster bombs for ukraine. the pensive on is expected to include thousands of the controversial weapons and a new military. a package for the fight against russia with rights groups are raising concerns. also coming up, natal prepares for a key summit with a focus on membership for ukraine and.