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tv   Business - News  Deutsche Welle  August 3, 2023 8:15am-8:30am CEST

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aided perpetrator spread his patriot for jews and white supremacist police online before the shootings. the 2018 massacre as a tree of live synagogue was the deadliest edu submits a contract in us is just remind of our top story. security in washington is tight with forward present donald trump doing court there . these pricing has most serious indictments yet for his efforts to overturn jo biden's victory in the 2020 election on terry margins. thanks for watching the news. you become pretty kind a told me about
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sugars paralyze between your societies. computers that are similar to governments that go crazy for your data. explain how these technologies work. so that's how they can also watch it. now, 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 big, unrestricted exports of key metals needed for electronics. well, why last?
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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 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 market for us government debt. downgrade from triple a. to double a plus is the seconds time of the us rating has ever been cut. the last one by us and paid was also triggered by stand offs by the debt savings of more and that's, that's across throughout financial corresponded in new york. yeah, of course, the youngest guys have you on the program. i saw 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?
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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 weeks past. 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 death blow, then 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 just doing this. downright. i'm wanting to is the us government have to say about this, particularly the treasury. what was the reaction been to the town, right? yeah. the head of the treasury agenda down does not seem to be too amused about this step, but she's claiming that actually fits is arguing with some old information
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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 the increase and most 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 government to the current administration specially jenna data does not have to it seem to be a to a, please send them use their 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 to uh 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 sites 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 to you 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. i. i will take a look at some of the other level business stories that i'm making. the news front says bands the automatic printing of receipts to protect the environment. and the government says every 30 pending and receipts to print it every year that that
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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 of the country. and taurus who were evacuated from the greek on the roads will be allowed to spend a week on the holiday for free in spring or 7th of next year, according to degree prime minister and to view with the ice. with evasive in, in the u. k. coast minutes 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 the label
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supplies of gallium and to amount am she can see here, now these are very important, metro is that need and 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 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, ty, pay for as you can. 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 u. s. and this 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 come the rest of the world. i'm 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,
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but some asperger's are saying that the impact is actually not fatal. it's simply costs inconvenience and difficulty because of these live roll 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 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, diversify the supply chains. and i think in july they are always asking the local
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producers to try to produce a galleon under me. and 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 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, getting into the well, the work can itself be a competitive business. apprenticeships games can often be massively over
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subscribes and that's why one living from a started putting potential training is through the paces to whistle them down to just the lucky issue as ease. now, julio 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 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 zag 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, at the berlin base firm fee less. now, 12 candidates are here and the company wants to hire half of them. a different
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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. but and tell you that 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 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 it on the last 30 meters high. and as this didn't even hold on like the other
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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 they can both, we are the staff blue t shirt off info. so of course the tension is somewhat reduced and the anticipation is definitely there to finally get started is okay for me. so for me it's a great alternative. so i finally quit my studies both the company and you apprentices 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 the that's all for man,
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the business name, hand balance. i'm all i have is a data we don't com slash business or cost the data. we can use youtube channel and we'll see where the of the future and the machines of yesterday. the german economy is changing the new tech energy efficient smart factories and resource reprocessing, as part of a circular economy, is the answer to the climate and energy crisis. made in germany on t w. at the front, near bottom, moves ukrainian armed forces have suffered losses and need to train new soldiers all the time. our camera team, a company recruiters,
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heard about their fear and courage. and then suddenly the team to face more hold a focus on your 60 minute dw, say what you love about anything except for away from the spot. i'm not even allowed to have my own car on everyone with later holes and every single day. just getting you ready to meet the gentleman enjoying me. rachel stood on dw, we're on the midst of a revolution and then.

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