of the story we're following for you today. nato cheesy installed, burke has signal support for you. framing membership in the alliance. thing and invitation will be issued when conditions are met. with responding to criticism from ukraine's president valencia said earlier, it was observed that his country had not been given a complete timeline to join and you're up to date, but stay with us. different bears we will have the business headlines after a short break. i'm really from all of us here in our newsroom and berlin. thank you so much for being with us tonight. the nurse to us. that's why we listen to their stories.

reporter every weekend dw. the only way i can be on the top is to create my own empire. discover stories was just a click away during the destination, right. find this document trees. the subscriber name, treat the upper stage project for indian semi conductor production falls apart. fox con and indian conglomerate for don colquitt on their admissions plans, which delhi had touted, is marking a new era in the high tech manufacturing also on our so the price for is back on

the group of chinese, electric car makers and tesla put it into a short lived truce in their tooth and nail fight for buyers. and how about a 4 day work week? we'll look at a small firm. it says it's already making the leak. hello and welcome to our show, obviously busy in berlin. it was a prestige project for an adventure bodies 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 to 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 comes, you turn won't affect his chip, making emissions. but analysts are calling it a setback 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 to 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 extended 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 bought on board, apparently 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 then which, which about possibly lead to the breakup of these di, know, both these companies. we don't on fox gone. they have said that they are looking at other partners and inside pickup and defendant has also said that both these companies are now free to independent to pursue this goal of setting up semi uh, conduct a manufacturing facility in india. the chart daily 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 of the country

. that's correct, steven. it's indeed indeed a big, low plans to make india a semi conduct a global hub. they are a big part of the school, you know, and this deal, uh, what was the centerpiece of this plan? now with this deal having fallen through and not being enough, that idea as to what really happened behind the scenes. this is definitely being seen as a major setback for in those funds a but it is 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 bit 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 the of what is being said that this is definitely listed back in other investors, in maybe in other fields. also. they just, there might be taking this as a, as a 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? yeah, so if we take a look at the big picture, it seems at this moment it seems to be a bit of both. it'll desmond reports. uh that would be know that for them is a different invest, those have been putting out from the us market and they've been looking at other markets across the world. and 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 sent a piece of not just the semi conductor plans. bunch of plans for a major, the investment goals in india as well. so bit of both as of now, which remains to be seen what the next few weeks will mean for future developments

. stephen. alright, my colleague char carter k, in delhi, thank you this last week and saw a new twist in 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 sign last week by 16 chinese automakers and interesting late 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 antitrust laws of the group and said 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 the macintosh 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 has led some of the chinese government to believe that this is actually home full to the industry and consumers, milwaukee and we're hearing, of course, that it's 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 know i'm hearing that has law has once again, cub price is just a couple of days. it's about an hour off of the room and was a sign. we also hearing that the agreement in the 1st place might not be aligned with china is empty. trust regulation, so there seems to be a lot of that has

a 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 we sold that tesla in the early generation hub 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 make his pilot. and they reduce vehicle prices by as much as 3040 percent. and then the phone call may just also enter the freight. um, we had some dealerships selling toyota vehicles, actually offering you a free internal combustion vehicle if you were buying toyota this latest e b. so this was a really concerning to some of the industry. of course that leads 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 there's also um, 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, basically cash cow that china has been for them. they have to reduce price is to actually retain the market share. the goods thing for them is that they have deep pockets at the moment. so for them this price will hasn't been as bad as to some of the small 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 is launch matches, which arrival threads has top 100000000 users. that makes it the fastest growing online platform in history. deep throating chad should be teeth, which took 2 months to reach the same number of users. and that's despite threads currently being unavailable on e u. app stores. of the market for minerals that help 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 a report by the international energy agency, agency, warrens, and limited supplies remain the biggest threat to the energy transition german union affair. the has caught on workers and 9 amazon distribution centers to strike for higher wages, various as amazon workers or hundreds of years, less than workers. a 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 the new concept, which comes with its own challenges. it'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 site. the year ago, the firm introduced flexible working hours, including a 4 day week. the company owner hoped to change would attract new work as the middle of other houses to so i can get pregnant. we're now working monday through thursday, and people really like that. it gives them a long weekend and 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 keys. i used to be on site myself and realize that from 11 am on words on the productivity plan . jackson and everyone's thinking about the weekend. um, the whole move that the company has changed for the better to oppose it to not jessica hands and found new employees like was a lease link. she plans to stay on after her internship and already knows which day she would like to take off. the nice thing i would actually prefer having mondays off, i don't like mondays so much 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 think you time you went digital a year ago, just everyone uses i. ipad materials are booked over the i ipad as it's more f for

it. but since i've been doing this, we a much better organized dresser is even getting to the physical if we can manage the improving the organization of work through the use of digital tools of the work is productively and few hours while maintaining the same level of prosperity and we are on the right path. oh, getting like we've done the last 200 years, i've shown that this is possible. so i don't know if you all have a good site. this 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 is there a matter 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 mining conglomerate for done to, to set back for india surrender moody, who had made for an investment in the country a main policy plan. right, that's our show is always you can find out more about these and other stories

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