the price for is back on the group of chinese, electric car makers and tesla, put it into a short lived truce and their tooth and nail 5 for buyers. and how about a 4 day work week? we'll look at a small firm. it says it's already making newly hello and welcome to our show. obviously, been busy in berlin. it was a prestige project for an adventure modi's made in india campaign. but now fox con is pulling out of an almost $20000000000.00 deal to build a chip, making plant with indian mining conglomerate for done. so the move comes less than a year after both companies announced their plans to go to the factory and go to rod at the home state of indian prime minister no branch remotely. the government says fox cons you turn won't affect his chip, making emissions. but analysts are calling it a set back for india's tech goals. let's go down to charge the card to k in delhi. charlie, do we know what went wrong with this deal? with steven redondo has been awfully quiet on this, but folks going uh,

did give out a statement saying that the project was not moving fast enough that they were challenging gaps, quote unquote. and that there was some external issues and related to the project. but, you know, several reports having taping over the last, at least 2 months. that'd be the external issues, but not really unrelated to the project. both these companies were trying to get a technology box on board up. i don't see a european chip maker, but those talks went on for quite a long time. there is this, the made eventually. and eventually that did not work out and which, which bob possibly led to the breakup of these di, know, both these companies to be downtown fox gone. they have said that they are looking at other partners. and in fact, the govern defender has also said that both these companies are now free to independent to pursue this goal of setting up so many uh you conduct a manufacturing facility in india or a chart dilly has said that this is essentially a matter between 2 private companies, at the same time, this has to be something of a blow from bodies plants to attract more major foreign investments the country.

that's correct, steven. it's indeed indeed a big low plans to make india a semi conduct the global hub. they are a big part of the school, you know, and this deal was the centerpiece of this plan. now with this deal, having fallen through and not being enough to edit the as to what really happened behind the scenes. this is definitely being seen as a major setback for in those funds a but it does putting up a brave front of the, a junior i to minister in the union government has said that it would be a mistake to bet against india because india has just started rising and that this only means that these companies are free to pursue, that it goes independently. but then uh, what is being said that this is definitely listed back in other investors, in maybe in other fields. also. they just, they might be digging this as a, as the cost of retail, or you're, you're already getting into my next question. will other businesses look at this as

something that's related specifically to these companies? and you said yourself, they're still a little bit in clarity. what exactly happened, or will they look at this as a problem this essentially coming from the country itself? or yeah, so if we take a look at the big picture, it seems at this moment it seems to be a bit of both. you know, desmond reports, uh, that would be know that far needs to do for me, but those have been putting out from the us market. and they've been looking at other markets across the world in india has been among one of the markets of their choice. because of which they didn't share markets have been rising explanation over the last several weeks. and yet in spite of that, this particular incident will uh, come as a come come as a major note of caution. because again, this was a center piece of not just the semi conductor plans, bunch of plans for a major investment goals in india as well. so bit of both as of now it remains to be seen what the next few weeks will mean for future developments. steven, alright,

my colleague charl carter k in delhi. thank you this last week and saw a new twist and the price for an electric vehicles, but that's been going on since last year. well, this time because of a pledge against abnormal pricing, signed last week by 16 chinese automakers. and interestingly tesla, the intensely rolled out a new incentive for purchase referrals and chinese automakers retracted their pledge. adding that it appeared to violate china's any trust lots of the group. instead. ers chinese automakers to comply with local laws and continued independent pricing. but what exactly was this agreement the 1st place? well, yesterday i spoke with greg o sebastian of america to an institute for china studies and he explained it like this to thank you for having me, stephen. yeah. so disagreement which has been the focus present by the c a. m, which is the chinese automotive association. so the most important and also

a state directed association in china is really the outcome of half the year in tens um price cuts by trying to use it. also for an electric vehicle manufacturers, which is let some of the chinese government believe that this is actually home full to the industry and consumers, more likely. and we're hearing of course, that has now fallen through that has look continued with a price lowering activities. does this surprise you? it is certainly surprising because obviously there's a lot of back and forth between the government. now we're not only hearing that has la has once again cut the price is just a couple of days. it's about an hour off of the ribbon was a sign. we also hearing that the agreement in the 1st place might not be aligned with china's onto trust regulation. so there seems to be a lot of that has shots,

the government and also participants in this, in terms of price went on going negotiation this price for in the sector has been going on since late last year. what begin this in the 1st place? so be sold that has learned in the early january comp, prices this was, or the following initial price costs by the american you'd be producing in october last year. and after that, it really spiraled out of control, at least from the government's perspective, who's trying to see the make his pilot. and they reduce vehicle prices by as much as 30 to 40 percent. and then the phone call make is also enter the fray. we had some dealerships selling toyota vehicles, actually offering you a free internal combustion engine vehicle if you were buying toyota latest e b. so this was a really concerning to some of the industry of, of course that eats into profits in

a significant way. how serious could this be for e d companies in china and abroad? for chinese companies? it's really concerning. a lot of them actually don't run a profit yet of taking away the warranty, which is obviously the market leader and is also in the battery business. so has a lot of profits to play with a lot of the smaller plans, and we really talking about dozens of companies. they really depend on the couple of sales that they have and on general government support. so for them, this price for is, is really dangerous, but it was the phone companies are starting to get worried because this is eating into the, um, but basically cash cow that china has been for them. they have to reduce prices to actually retain their market share. the good thing for them is that they have deep pockets at the moment. so for them, this price, what hasn't been as bad as to some of this more lady class. alright, that's great. goes to boston with america, tory institute for china studies. thank you. thank you to let's get

out of some of the other global business stories making headlines. 5 days after his launch. meta is which arrival threats has top 100000000 users. that makes it the fastest growing online platform in history. the throating chad should be teeth, which took 2 months to reach the same number of users. and that's despite threats currently being unavailable on e u. ab stores. of the market for minerals that helps our electric vehicles, wind turbine, solar panels and other technologies key to the clean energy transition has doubled in size over the past 5 years. that's according to the report by the international energy agency, agency, warrens, and limited supplies remain the biggest threat to the energy transition german union. it fairly has caught on workers and 9 amazon distribution centers to strike for higher wages. very says amazon workers or hundreds of years, less than workers and companies with collective bargaining agreements. amazon's

trusted entry level wages will increase from september onwards. and then it wants to implement more benefits. what technology has added new flexibility into the workplace. flexibility that some employees hopeful usher in the 4 day work week. a companies of different sizes are already trying out new concept, which comes with its own challenges. there's not just office work places are next door. i looked at a small house painting firm, take a look. the work day starts at 6 am at this painting company in northern germany. after a briefing the painters head to the construction side. the year ago, the firm introduced flexible working hours, including a 4 day week. the company owner hope the change would attract new work as is the have just to so i can get pregnant. we're now working monday through thursday, and people really like that. it gives them a long weekend long as many say it's like a mini vacation. some kind of quotes will out,

and it's res. productivity fridays. we never really productive for the teeth. i used to be on site myself and realize that from 11 am on words on the productivity plans. and everyone's thinking about the weekend. um, the whole move that the company has changed for the better to hopefully to find not jessica hands and found new employees across at least link. she points to stay on after her internship and already knows which day she would like to take off the i think i would actually prefer having mondays off. i don't like mondays so much with the student council would to make a 4 day week possible. the firm had to reorganize the way stuff worked above all, they had to become more efficient. so they invested in new equipment. out of that, i mean i'll tell you, went digital a year ago says everyone uses i, ipad materials are booked over the ipad as us. it's more effort. but since i've

been doing this, we have much better organized fast. all these yet is even getting to the purpose of it if we can manage bill by improving the organization of works with the use of digital tools, stuff that work as productively and few hours while maintaining the same level of prosperity. and we are on the right path and all things like we've done the last 200 years. i've shown that this is possible. so i don't know, i'm good site is a movie, is these painters joined the company mainly because of the working hours doing a 5 day week is something they can no longer imagine. right, here's the reminder of the top business story. we're following for you. a fox con is pulling out of an almost $20000000000.00 deal to build a chip, making plant indian money in conglomerate for done to, to set back for indian ridge remotely, who had made for an investment in the country a main policy plan. right, that's our show. as always, you can find out more about these and other stories online to

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do you like it? do you want and then i'll go up, put the pedal to the metal and let's ride the or 30 minutes on d w. oh gosh, i can check on the rest of them for you. okay, mark. okay, sounds good. the transport is the greatest causes 3 o, 2 emissions in europe. and that requires urgent action. the feature is

the determines now you're up revealed part 5 of our series 75 minutes on dw guardians of truth. my name is junk and and i have paid almost every price of being enjoying this in a country like to tease taking on the powers that be they risk every thing they want to kill me and they try many times john, do dar s activist journalist and politicians living and anxiety. what drives them? too much on my shoulders, but i have to hold this way because i'm responsible for the future. all countries for the people behind the past. the courageous effort against corruption and

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