on the top story, the following for you here on dw news needle leaders are holding their 2nd day of their annual summit. in vilnius lithuania, they are due to meet ukraine's president bloomers. lensky inquiry and has been offered a fast track to join the military alliance. but not a firm timeline. next, it is business days to stay with us if you can for that. i'm sarah kelly and for line. thank you so much for watching the besides the it says to bangladesh, the goals, pacing the country with featured guessing

push fast even from their own families. i can be, they told me that it was the weekend on how to use it a lot more. now i will ask you on the slicing social moons, seeking your self determined life. let's go from drudgery and abuse. the oldest on the w, the a prestige project for indian semi conductor production falls apart. fox con in indian conglomerate, for don to call it quits on their admissions plans, which daily had touted is marking a new era in the high tech manufacturing. also on our show, the price for is back on 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 the leak 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 announcer plans to go to factory and go to rod at the home state of indian prime minister no branch remotely. the government says box comes, you turn won't affect is 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 bit onto 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 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 the on board a bought into europe in jamaica. 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 on. they have said that they are looking at other partners. and in fact, the government of india has also said that both these companies are now free to independent to pursue this goal of setting up semi uh you conduct the manufacturing facility in india. charlie 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 for an investments of the country.

or 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 category 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 uh, junior, i to minister in the union government has said that it would be a mistake to bid 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, of what is being said that this is definitely a list that back in other investors in maybe in other fields. also, they just, they might be taking this as a, as a cost to retain 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, there's still a little bit of ink 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, at the big picture, it seems at this moment it seems to be a bit of both, you know, different reports. uh, that would be not that far an just a different investors have been pulling 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 a semi conductor plans. bunch of plans for a major 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 development. steven? alright, my colleague char cards. okay. in delhi,

thank you to 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, instead urs 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 our institute for china studies and he explained it like this. thank you for having me, stephen. yeah. so disagreement which has been the focus present by d. 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, more likely. and we're hearing, of course, that has now fallen through that has looked 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 not only hearing that has the has once again cut price is just a couple of days. it's about an hour off of the ribbon with a sign. we also, he already got 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 in this price for in the easy sector has been going on since late last year. what begin this in the 1st place. so we sold that tesla in the early january comp, prices. this was, or the following initial price costs by the american could be produced in october last year. and after that, it really spiraled out of control, at least from the government's perspective. it was chinese, 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 freight. um, 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 the companies in china and abroad

for chinese companies, it's really concerning. a lot of them actually don't run a profit yet, 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 basically cash cow that china has to be for them. they have to reduce prices to actually retain the market share. the good thing for them is that they have deep pockets at the moment. so for them of 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. 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. deep throating chat, g b t, which took 2 months to reach the same number of users. and that's the spite 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 the 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. very says amazon workers or hundreds of years, less than workers. companies with collective bargaining agreements. amazon's

trusted entry level wages will increase from september onwards, and then it wants to implement more benefits. well, technology has added new flexibility into the workplace. flexibility that some employees hopeful as you're in the 4 day work week. a companies of different sizes are already trying out the 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 for take a look of the work day starts at 6 am at this painting company in northern germany . after a briefing the painters had to the construction side year ago. the firm introduced flexible working hours, including a 4 day week. the company owner hope the change would attract new work as the happy to. so i know we know 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 or some kind of quotes will out, and it's res. productivity fridays,

we never really productive 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 mood of the company has changed for the better to oppose it to find not jessica hundreds and found new employees like was the least link. she plans to stay on after her internship and already knows which day she would like to take off. so i think i would actually prefer having mondays off, i don't like mondays so much council would to make up for 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 that booked over the ipad as it's more f for it . but since i've been doing this, we a much better organized. that's how this even getting to the purpose of it. if we

can manage to improving the organization of work through 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 oh, 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'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 plant. right, that's our show. as always you can find out more about these and other stories online. dot com slash business. also wondering youtube channel,

front of the need to be watching the in good shape pathogens jo, stand a chance against the human immune system. there are things we can do to help it what those steps are, and why it's so important to follow the glitch w. katelyn independent society divided by a dream. the extreme right has a long history of exploiting the conflict and is redoubling its efforts. the head of a general election some later this year is spain at across the road. close

the 60 minutes on dw, the what there's to us that's why we listen to their stories. reporter every weekend dw, the, the noise is thrilled with danger, and that's why we protect ourselves where we can we install antivirus software on our computers and non systems in our homes to prevent break ins. and if there's a fire, we call them agency services. and out bodies also protect themselves from infection . the me.