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tv   Business - News  Deutsche Welle  August 3, 2023 5:15am-5:31am CEST

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all for jamaica had the best of chances and the single point was enough for them to move into the next round. for the legend march, i had previously announced that this would be the final world. his reminder of our top story, the seller donald trump, has been invited with full new criminal charges of his alleged efforts to overturn the 2020 presidential election, which he lost us. justice department accuses him of conspiring to block the trunk house. you're watching. the diabetes live from vernon this much fall on the website as well. d, w dot com. i'll see you soon by the door. it was like 3 minutes. don't take mommy under your mommy's not coming back. it's over. february 2020
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russian troops in faded the ukrainian city of coupons. it was recaptured. 6 months later, the occupation this hard drive under russian occupation resisted who collaborated. how can life go on after all the terror? not everyone can endure the fear, weeks out every day. when rush starts august 25th on dw, the united states gets down graded page has loaded america's credit ratings from aaa to double a. plus we'll get to the bottom of why china is gun restricting 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 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 finch 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 right here has, haven't been cut the last one by us and paid was also triggered by stand offs by the death of a more. and that's, that's across throughout financial correspondence in new york. yeah. because the young guys have you on the program. i started, fitch says that the u. s. is governance has been to, to,
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or i think the past 2 decades now. i what do they mean by that? 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 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 downright. i'm wanting to see what's going on. i have to say about this, particularly the treasury. what was the reaction been to the downgrade the yeah, the head of the treasury agenda down does not seem to be
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a to amused about this step. 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 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 jenna data, does not have to it seem to be a to a, please send them use their was the step. and yes, what is the asked, what impacts if this going to be? i mean, is it going to the effects america's ability to borrow and is, is 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 to find 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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lower the rating was in 2011. also back then we had cited sites about the increase of the debt ceiling and that vendor was standard and poors, lowering the rating. and then that did cost some turmoil on the financial markets. but eventually the world kept giving money to the united states, meaning buying the depth of the us. and i would say, i'm surprised if it would be any different 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 to your, in the early when say it's writing that we do see some price or at least on financial markets, when i go to joining us on the new york stock exchange. thank you very much. i it will take a look at some of the other level business stories that are making the news from
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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 gym 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 degree prime minister and to view with the ice. with evasive in the u . k. custom, it's the 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 key role
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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 to us and need a not only to produce mobile phones, but also side of the panel is electric, cars and satellites. china is a rat elements, the 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. less good morning. this format correspond to newton lee who's in taipei for us, utah, and what exactly is china starting to restrict to these expos of gallium and gym am for it is widely seen as an active retaliation against the us and its elyse because the position came from aging wedge was announced in july came as the us announced
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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 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 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
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chosen by china to hurt the west, but some asperger's are saying that the impact is actually not fatal. it's simply costs inconvenience and difficulty because of these, like bro materials are 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. if the parents as well as the gallium and germanium. so what are western governments as he 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 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. 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 things that 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 subscribes and that's like one, but then from a started putting potential training is through the paces to wish them down to just an issue as these know who really wants to become a carpenter. after working many part time jobs, the 22 year old knew that carpentry was the profession for him. up to spending a year and my day or a portugal thoughts when 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. and 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 as important. as we're talking about and cutting it 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 off because it shows up like a nicholas tries, his hand welding foils, which you 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. that 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 multiple comes in and you will parentheses 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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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 entered the conflicts with sarah kelly. a carefully choreographed of russian victory day celebration was, ain, that's showing military might on red square this week. my guess on complex ellen is nina cruz drove up. she has spent most of the war in moscow as russian for parents to face the ukranian counter offensive. how safety is prudent positions? thank you for inviting me. conflict zone on dw the it's in the air, the most creatures dancing in the
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aero biologists are exploring the world. those fairly plain, these little ones are dancing with the 1st itself and calling on humans joining the dw, what secrets? why behind being discovered new adventures in 360 degrees and explore fascinating world heritage sites p w world heritage 360 yeah. now the a carefully choreographed of russian victory day celebration was in that showing military might on red square of this week. but as proved and presided over the parade, she had little to show for the costly winter offensive. and ukraine have russians grown tired of the fighting might.

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