tv Business - News Deutsche Welle July 7, 2023 11:15pm-11:30pm CEST
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on immigration policy. and let's get you a reminder of the top story that we're following for you. in addition to that, the us and cindy cluster bombs to ukraine. whitehouse as the present invite and made the difficult decision to supply the controversial weapons because it was the right thing to do. you're watching dw news have a good weekend. everybody tries is we've got all out to give you some of the right people in your northern most count the police the free time, but still very much alive. your guy to the special sauce in germany recognizes where exactly it was fun. learned a lot of our culture history,
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dw travel extremely worth a visit. the china introduces an anti espionage load that broadens the destination of national security to intrude anything from the business documents to social media posts. the new rules come up to you and others to reduce their economic dependence on aging, will fix to the presence of the hurricane chamber of commerce in china. also coming up maritime nations agree on the goals of slash submissions from the shipping industry to net their 2015. we lost our climate reports or how feasible bosses this is dw business on kate ferguson. and thanks for joining me. just days ago, a new on the espionage low went into effect in china, shooting fears that foreign businesses and country code sites legal risks. as
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a result, the law 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. means while 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 beijing are currently high as countries seek to reduce their reliance on the chinese economy. earlier ice folks, he has escalated to president 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 we have and to get the context of the vital
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development that we have seen in china or several years now. we have seen that security considerations secure, it's a bit self reliance consideration, obligating to saving to mobile aspects of, of it cannot make life. and i think that is probably the, the primary concern for us and we're not. and we have specific instances where companies have had issues with the impact is given us know itself is also ready to do. it only took effect on the 1st of july. it is all of this into a parent, a home, a goal centers of the economy that are coming within the purview of a security across the races you're seeing now for several years. this drive towards eh, it has the chinese self reliance with us the full energy within a technology, and that's something that has a fairly direct impact on the business. so instead of focusing on this one for $200.00, so i think it's more of the trip by the direction of travel,
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the boys us that's you choose to come see the reasons seem to take a look at an option dr. pop. and in terms of opportunity considerations in china, so they use the 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 a good question because 25 use a go to really a very different across the china was just getting ready to enter into the w t o and a cost china's into entrance into the w t. o was the very big instance of i bought it 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 the go go to the age of globalization and also,
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and your participation dot com, you obviously as a patient by the child's economy in, in, in, in europe. what we have seen the after the google s ice process is a c, that's that it has in particular or the past decade, progressively, in certain areas to come and do bit more difficult for you will be covered as ad 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 most of this is gonna be industries where your customers, uh, they must live in west, not a controversial. there'll be a lot of other industries with that with the other screen. and then of course, chris or to is, is also for china add add to the past, make use of these disagreements. so i think the space very important that the,
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the european union that the member states that they develop its capacity to speak with a one was, i don't understand also the chinese side if that is a bit of frustration sometimes by visiting coming out of names. these, so at least from your perspective, standing in china would be very beneficial if we can make sure that whenever we engage x to which i don't know the confidence that, that the multiples, heavier you, even if i was or i can't ask who i'm 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 paging. twist or has reportedly present assume
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mass off the launch of its bible short messaging platforms. the new app threads attracted more than $30000000.00 users and its 1st day twitter owens by 11 month accused mess up run by mark soccer, bird of 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 figures may come as welcome used to the federal reserve, which recently paused, is aggressive interest rates high come pay. chinese authorities are expected to impose a more than $1000000000.00 fine on on the group marking the end of a years long, regular treat overhaul office in tech company. the record fine comes and that
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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 i'm, it's around 3 percent of global greenhouse gas emissions, and that's set to rise. approximately $11000000.00 tons of goods are shipped every
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year. a figure estimated to triple by 2050 shipping is an integral part of global supply chains. and so if were to be carbonized, everything else we need to do car made 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 have to good that's we have good frameworks in place. shipping, firms are already investing in low carbon solutions like a mess, the know a climate neutral fuel. but it will be a long journey ahead to bring the sector in line with international climate goals
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to, to speak more about this that spring and dw climate reports. are it louise osborne but we've not 0 by around 2050. it'll 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 well hoping for. they wanted to see emissions caught by 45 percent by 2030 and for hod net 0 deadline by 2050. obviously they were disappointed this deadline or this target that's now put in place is a lot more flexible. it's also no binding. so that's little penalty for, for 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 the i m o has said that
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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 fuels. maybe you could tell us a little bit more about the process of the carpet, isaac, the shipping industry. how does that 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. 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 or energy, especially because we are the byproduct of using hydrogen as 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
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up minus $253.00 degrees celsius, which obviously leads to a lot of problems. okay, so issues the difficult challenge, 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, the, the on to that is not like the, the renewable energy required as last to make these a fuels and b as opposed to solutions that we're 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 e fuels 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,
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80 percent of what we consume comes via ship. so it's a big factor 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 that louise osborne, thank you so much. and that brings us to the end of today. so for more you can always check i d, w dot com slash business. we're on the dw news youtube channel as well, from me on the business team here in berlin. it's, i take the business, let's view. we'll tell you who we are happy that we are boxing the story. we have a getting a visa is more difficult than finding gold hosted to you for the,
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