tv Business - News Deutsche Welle August 3, 2023 1:15am-1:31am CEST
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ma, now out of 61 and there was a surprise, a group f as brazil have been knocked out off the golden rule against the jamaica, jamaica through to the round of 16 for the 1st time ever. and the desired was able to secure. but jamaica had the best, the chances of a single point was enough for them to move into the next round result, legends motto had previously announced this would be her final words. you're watching the news live from sullen bringing them how much sense of what you all see by the every jenny is full of surprises. we've gone all out to give you some
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of the right people in your northern most count the police the free time. but still very much alive. your guy to the special in germany recognizes where exactly it was fine. art, culture history, all their dw travel extremely worth a visit. the united states gets down graded finch, has load america's credit ratings from aaa to double a plus we'll get to the bottom of why china is big. unrestricted exports of key
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metals needed for electronics. well, why we'll ask if we can do without chinese, gallium and germanium and painting 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 right things agency. fitch has a downgrade of the united states credit rating, pointing to a political route of a raising the us debt. saving switch says the issues a clouding the outlook for the $25.00 trillion dollar global market. 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 correspondence in new york, just cause the young guys 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. i what do they mean by that?
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well, i mean, the timing is definitely a pretty on because i mean we had all of 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 them is surprising. i mean, that was a missed this functional is one claim that the rating agency is making. the other one is the debt loads and that is still there. if you look at the huge debt that the u. s. 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 downright. i'm wanting to his, the us government have to say about this, particularly the treasury. what it was that every i convinced the downgrade. yeah. the head of the treasury agenda down does not seem to be a to a mused about this step,
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but she's claiming that actually fits is arguing with some old information and pretty much saying that it's the old administration that had to travel with them having a functional a 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 of 2025. so, so the governments of the current administration, especially genta data, does not seem to it seem to be a to a, please send them use their was this that and you as well 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,
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the lower the rating was in 2011. also. then we had cited fights about the increase of the debt ceiling effect, vendor was standard and poors, lowering the rating back then that did cause some termites 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 zip so surprised if it would be any different at this time around. 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 wednesday, 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,
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the automatic printing of receipts to protect the environment. and if the government says over 30, pending and 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 government 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. the country and taurus to where evacuated from the greek calling the roads will be allowed to spend a week on the holiday for free in spring or some of next year, according to your degree prime minister and to view with the ice. with evasive in the u. k, k, a customer needs to talk is didn't provide information on exactly where the tours could apply for the offer that a china has imposed new export controls on to
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key role materials used in micro chips is raising concerns about the label supplies of gallium. and to amount am you can see here. now these are very important. metro is anita, not only to produce mobile phones, but also the side of the panel is electric, cars, and satellites. china is a rat element of superpower, accounting for 95 percent of gallium production, up to 68 percent of germanium output, worldwide badging. the decision to restrict exports. it appears to be part of a tit for tat between the us and china. let's get more in this format, correspond to newton lee who's in tie pay for us utah. and 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 us and is elyse because the position came from aging, which was announced in july came as the us announced that it would require
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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 like 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 of 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 key is how effective this can be. as retaliation, i mean how well can the rest of the modem, particularly the western world cope without these metals from china, where the china is the biggest player and, and the supply chain of gallium and under maintenance, if reduced as 80 percent of the wells gallon and 60 percent of the domain. so these
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2 metals are actually artfully chosen by china to hurt the west. but some expertise are saying that the impact is actually not fatal. it's simply costly inconvenience and difficulty because these like moment to use, uh, not completely replaceable is 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 west and reliance on china for rabbits as well as the gallium and germanium. so what all western governments actually doing to ensure that they continue to have reliable supplies, if 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,
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diversify the supply chains. and i think in july, they are always asking the local producers to try to produce a gallon 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 mining 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 elyse as well. be, 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 us. thanks for breaking that down for us. now guessing into the well, the work can itself be
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a competitive business apprenticeships games can often be massively over subscribed, and that's why one living from a started putting potential training is through the paces to wish them down to just an issue as ease. now julio wants to become a carpenter after working many part time jobs. the 22 year old you that carpentry was the profession for him. up to spending a year and my day or a portugal thoughts one you mentioned people were so free there and full of passion and wanting to make things and help themselves. and that is encouraged me to be here today. so i'm with discharge. and so that nicholas ag low 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,
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at the berlin base firm fee less. now, 12 candidates are here and the company wants to hire half of them. a different stations, including 2 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. button teddy's 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 good x of excited, but in good spirits. hopefully everything is secured up cuz it's 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
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i don't even last 30 meters high. and as this didn't even hold on like the other candidates have this, 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, so 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 that. that's all for me on the business
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team. hand balance, i'm all head over to the data. we don't com slash business or close the data. we use youtube channel and we'll see where the at the front nearby moves ukrainian armed forces have suffered losses and need to train new soldiers all the time. our camera team, a company recruiters, heard about their fear and courage. and then suddenly, the team to face more holding focus on europe. enter the complex own with sarah kelly. a carefully choreographed profession victory day celebration was a that's showing military might on red square this week. my guess on complex own is
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nina cruise drove up. she has spent most of the war in myself as the russian for parents to face the ukranian counter offensive. how safety is prudent positions? thank you for inviting me conflict zone. in 60 minutes on the w would or sports scoring, we say they were about never giving up sports flies every weekend on d w. the hello and it will welcome to focus on your up. it's great to have you with us and
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