him and germanium and pacing, train a against train, a, we meet the one of the workers taking boss and an apprentice challenge. state of your business on mobile. it's invalid. welcome to the product. ratings agency. fitch has downgraded the united states credit rating, pointing to a political route, and we're raising the us debt. saving switch says the issues a clouding the outlook for the $25.00 trillion dollar global markets. for us government debt. the downgrade from aaa to double a plus is the seconds time of the us rating has, haven't been cut the last one by us and paid was also triggered by stand offs by the debt saving of a more. and that's, that's across throughout financial correspondent in new york young's course. the youngest grades have you on the program. i started, fitch says that the u. s. is governance has been to, to, or i think the past 2 decades now, what do they mean by that? well, i mean, the timing is definitely

a pretty on because i mean we had all this fighting into about the increase of the debt ceiling on all we have a positive on the debt ceiling, but this is a weak pos. so that fits is now doing this move is at least the surprising. i mean that once i missed this functional is one claim that the rating agency is making. the other one is the debt load and that is still there. if you look at the huge debt that the us is running just in the past past year, the government was paying about $500000000000.00 in interest. so those are pretty much the reasons why fits is doing this don't right. what is the us government have to say about this, particularly the treasury. what it was that every i convinced the downgrade the yeah, the head of the treasury agenda down does not seem to be a to amused about this step. but she's claiming that the actually fits is arguing with some old information,

pretty much saying that it's the old administration that had to travel with them having a functional government in that now and everything is fine. also, they increase the amounts of the debt ceiling and happened, or actually that we have a pulse or was the debt ceiling at least until january 2025. so, so the governments of the current administration, especially genta data, does not seem to it seem to be a to a police tend to muse. there was this that and yes, we'll see. that's what impacts if there's going to be. i mean, is it going to effect america's ability to borrow and is, is it going to help other countries to bar? well, i mean, what is very important for every country and it'd be economy on the planet. it's a trust them. and that also is true for the biggest economy on the planet. what still is the united states and the last time that the and, and rating agency, the lower the rating was in 2011. also. then we had cited sites about the increase

of the debt ceiling effect, vendor was standard and poors, lowering the rating back then that did cause some turmoil on the financial markets . but eventually the world kept giving money to the united states, meaning buying the debt of the us. and i would say so surprised if it would be any different at this time around a but clearly we, the more we hear of those downgrades, the more it actually puts pressure on a trust. and that's never a positive. and we already see that here in the early when say it's writing that we do see some price or at least on financial markets, we're not going to joining us on the new york stock exchange. thank you very much. as i was taking a look at some of the other level business stories that are making the news from says bands, the automatic printing of receipts to protect the environment. and if the government says over $30000000000.00 receipts to print it every year that that

equates to cutting down $2500000.00 trees. finally, but consumer advocates say receipts help, prevent shop is from being ripped off the federation of gem and industries and says the country is on a slippery slope. economically, it's urging the governments to take action to avoid economic struggles and belong to the association is calling for lower taxes and energy prices. as well as a speedy digital transformation of the country and taurus to where evacuated from the greek on the roads will be allowed to spend a week on a holiday for free in spring or some of next year, according to degree prime minister and to view with the ice with evasive in the u. k. k, our customers to talk is didn't provide information on exactly where the tourist could apply for the offer that a china has imposed new export controls on to key role materials used in micro chips is raising concerns about global supplies of

gallium and to amount am she can see here, now these are very important match what was that need and not only to produce mobile phones, but also side of the panel is electric, cars and satellites. china is a rat elements, superpower, accounting for 95 percent of gallium production, up to 68 percent of germanium output, worldwide badges decision to restrict exports. it appears to be part of a tit for tat between the us china. well, that's good morning. this format correspond to newton lee who's in taipei for us. you tell me what exactly is china starting to restrict to these expos of gallium and germanium for it is widely seen as an active retaliation against the u. s. and it's a allies because the position came from aging, which was announced in july, came as the us announced that it would require a license, a for companies to explored. chipped products to china and following the us action

. japan and the netherlands also announced that they would restrict the chips making equipment to china. so it is widely seen as an act for china to strike back . so, but you know, like the chinese golf and we didn't admit that. so china, as a social kind of official said, that is a local action to protect its national interest and is not targeting any certain country. i suppose was k is how effective this can be as retaliation. i mean, how well can the rest of the world am particularly the western world cope without these metals from china? where the china is the biggest player in, in the supply chain of gallium and under maintenance, if reduced as 80 percent of the wells, gallium and 60 percent of the domain. so these 2 metals are actually artfully chosen by china to hurt the west, but some asperger's are saying that the impact is actually not fatal. it simply

costs inconvenience and difficulty because these live roll materials are not completely replaceable. it's just that they like the price from the chinese market is relatively lower. and also one researcher in taiwan is saying that compare with the curb to us inc posed to china. actually the come, the competition is obviously not on the same level. we hear a lot about of western reliance on china forever. that's as well as the gallium and germanium. so what our western governments actually doing is to ensure that they continue to have reliable supplies of the materials they need from china as well. we have not heard a lot from the you about the risk a. so the member stating that you wrote and union are trying to, you know, diversify the supply chains. and i think in july, they are always asking the local producers to try to produce

a galleon and remain in, in order to, you know, seek alternatives from the chinese market. so the u. s. is also trying to increase the domestic money and the processing from the critical materials to, you know, produce these 2 kinds of metals. so if they are finding a way to, you know, get these alternatives from other eliza as well. the, the, for example, japan has also produces really high quality gallium. oh, so the amount is not as much as china does. so it's still a long way to go in western countries are still trying to find a way to counter such, you know, retaliation from china. okay. you can lee and type pay for things that break and that's all down for now getting into the well, the work can itself be a competitive business. apprenticeships games can often be massively over

subscribes and that's why one but letting from a started putting potential trainees through the paces to which of them down to just the lucky issue as ease. now who really wants to become a carpenter after working many part time jobs, the 22 year old view that carpentry was the profession for him. up to spending a year and my day or a portugal thoughts on you mentioned people were so free there and full of passion and wanting to make things and help themselves. and that has encouraged me to be here today, so i'm with discharge. and so, nicholas aguilar, quit his economic studies because he would rather work with his hands ideally high up. so he wants to become a roofer. also, w freedom, the release from below and a bit more clarity is in that cloud. it's the yearly apprentice thailand, at the berlin base firm fee less. now, 12 candidates are here and the company wants to hire half of them at different

stations, including to once was ordering, unloading a transporter. applicants are tested in 10 minute intervals. they have to demonstrate skills and team spirit. nicholas tries to build a real structure with his partner. it's a job that can be done alone. so teamwork is important. you find cutting off, i'd say both candidates have what it takes to make it in the industry. and being able to work at high heights is something as this needs to prove, he can do of a good example excited, but in good spirits. hopefully everything is secured up because this of applicant, nicholas tries his hand welding foils, which he would have to attach to other roofer is miss. it's not particularly easy as you can see. it's also quite hot, but it is interesting. i've never done anything like this before. i was little for it on the last 30 meters high and as this didn't even hold on like the other candidates. i think he was excellent. the

decision is imminent. in this meeting, staff are discussing who they want to train. everyone can chime in while the applicants await the results outside. and once the decisions are made, as he is finds out is made it through. and so has nicholas who can now start his training of the roof or the can both where the staff blue t shirt off in 1st of course the tension is somewhat reduced and the anticipation is definitely there to finally get started. ok for me. so for me, it's a great alternative. so i finally quit my studies ultimate comes in and you will print and says will now have to complete a 2 week internship before signing contracts to ensure they know what they're getting themselves into. and good luck to them. that's all for me on the business name hand balance. i'm all i have is a d, w dot com slash business,

or cost the data we use youtube channel and we'll see where the

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