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tv   Business - News  Deutsche Welle  July 8, 2023 5:15am-5:31am CEST

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then the kids and coaches would keep training and working through us, but dreams the peaceful and unified so that with that you're up to date. but to stay with us for business with my colleague, kate ferguson, that's coming up next. don't forget, you can always get more news on our website at w dot com, and you can also find us on social media on twitter and instagram handle that is at the top. your news. i'm number such as well. thank you for being with us. the stay up to date is our highlights. the t w program online, d w dot com highlights. ukraine was like a stepping point. you know, 5 votes you into that wants to finish your studies. now you have
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a certificate from a crane. you can just go back to somewhere else coverage the more people than ever on the world wide in search of a pass in life. so why do i want to go back tonight? yeah. like, i don't have any reason. there's no reason that's nothing for me. there yeah, i believe something that is coming very, very soon on. we know when the story in for my reliable news from migraines, wherever they may be, the, the china introduces an anti espionage load. that broadens the definition of national security to intrude anything from the business documents to social media posts. the new rules come us to be you, and others to reduce their economic dependence on aging, will fix to process the hurricane chamber of commerce in china. also coming up
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maritime nations agree on a goal, the slots emissions from the shipping industry to net 0. by 2015, we lost our climate reports or how feasible bosses this needs to be business on kate ferguson. 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, 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. mean 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 aging are currently high as countries seek to reduce their reliance on the chinese economy. earlier ice
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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 espy national. them? i think we're not particularly void and above the anti 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, security, been self reliance consideration obligated 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 aware of specific instances 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 of this into
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a panel of more of all the sensors of the economy that are coming within the purview of a security across the races you're seeing now for several years to strive towards. it has the chinese. so for the highest was the full energy within a technology that's something that has a fairly direct impact on the business. so instead of focusing on this policy, the 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 a look at an option dr. pop. and in terms of, of the considerations in china, they use the living and working in china for 25 years. would you say there is more or less of a level playing field now, then there was when you 1st arrived a it's a good question because 25 years a go to it was really very different than the cost of china was just getting ready
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to enter into the w t o, at a cost china's into incidence into the w t o was the very big instance off of bucket opening in china and what photos and from china's accession to w 2 in the 2001 and also the global financial crisis in 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 chinese academy in, in, in, in europe. what we have seen the after the google f ice process is a c, that's then it has in particular or the past decade, progressively, in certain areas to come and do bit more difficult for you being covered as ad to participate. and there's a lot of criticism that the you does not speak with the unified voice, and it's dealings with china. how does that affect business on the grand
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and i think it tips tips very much on this is of the industries where your cost is . uh, they must, a lot of that way. it's not a controversial, there'll be a lot of other industries where that where the other screen and then of course, crease or to is, is also for china and to pass 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 visiting coming out of namespace. 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 be multiple as heavy as you do. if i was, or i can't ask who i'm president of the european chamber of commerce in china,
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thank you very much. i a night to some of the other double business stories making news and staying with china's 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 beijing. twist or has reportedly present assume mass off the launch up it's bible short messaging platforms. the new op 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
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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 a wave of bruising crocodiles on 5 as enterprises. 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 commons, the kinds for around a 3 percent of global greenhouse gas emissions. putting companies under increasing
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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 round 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 we're to be compromised everything else, we need to do car. my 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 delicate 1st week of the meeting in london to come to a new,
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more ambitious agreement. for, you know, it's possible and, and it's going to be far easier and far less costly. if we have to good. we have good frameworks in place. shipping, firms are already investing in low carbon solutions like a mess or know a climate neutral fuel. but it will be a long journey ahead to bring the sector in line with international climate goals to, to speak more about this that spring and dw climate reports. are it louise osborne? believe not 0 by around 2050. it'll sounds a little bit vague. how big of a deal is disagreement actually? so yeah, it's a lot more vague than environments less spoken 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,
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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 in 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 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 ising, 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
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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 cleaner energy, especially because we are the byproduct 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. ok. 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 on to that is not like the, the renewable energy required as last to make these a fuels and be as of a 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
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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, 80 percent of what we can see and comes via ship. so it's a big factor and very important. and they also need to look at the colonizing 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 date of the news youtube channel as well, from me on the business team here in berlin. it's bye. take care. the
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