susan cecilia, as the procession passed, icon is cool behind it. darkened nations have agreed to form an alliance to fight deforestation and climate change in the amazon full ways to feed the world without destroying the planet and member if you need more news on the go, you can always check sometimes a seed is of all you need to allow big ideas to grow learning facts like global ideas. we will show you how, how we can make a difference. knowledge grows through sharing the, the world energy projects. the world's largest producer of semi conductors has agreed to the terms of a new fabrication with new new rules that loose and states subsidies for chip projects. as well as he announced he joins us from finland. they'll walk into the

show, help us subsidies to build these boundaries. this is not the 1st one. intel is also building authentic. so there's a big question of, of whether state money should be going to build the, these are the most advanced somebody, conductors, you're probably needs less semi conductor, the car industry and so forth, the basic chips. and at the same time probably should be spending a sprints which are in imaging and chemicals needed in the semi conductor chain. so i think this, we've seen what a crunch on semiconductors can mean for burgeoning technology. is this not a supply? yes, i mean the, you share of the global semi conductor market has though a coordinated with the us investments. and again, it's, it's producing, it should probably be better spent elsewhere in it, trying to achieve that sort of strictly germany with the pockets compared to other countries as exactly its pockets of friends when fall tax for this year. oh, it says removal, redistribute excessive gains. that lenders made from higher interest rates in order

to help public finances as well as mortgage holders of the tax, which again is only for 2023 months still past due. tell him, parliament criticism has grown across europe and recent months the banks were not passing along higher interest rates to customer deposits. countries such as spain and hungry have already imposed similar when full taxes on the sector. battalion bank shares dropped up to 8 percent and tuesday trading wall call is president of the european school of management and technology in berlin. you're welcome to the show. it only isn't the only country that's looked at siphoning, what it costs. excess profits from its banks. can we say what's behind this movement? the reasoning that is provided by the tony government is that there's a winding gap between the the interest rates saw by bags to them or us and the interest base paid by bass to get all the tests. and this is used as the rationale for employee. this task is does that make sense when we look at how deposit rates

have actually developed over the past few months? we've heard this complaint across europe. is it true that in this case it's lagging in many cases, or is it making slow progress? i think overall this decision is a very difficult one. also a dangerous one because it's really discretionary. so it's not a part of the time which no one expects it in which i know what i'm careful see as, as long lasting effects on the reliability. also the trust that invest us shall this have in government actions, and therefore they may always say that something like this may help them again. is this something that we could see happening in other countries? could they try and follow it was italy's lead in this case, to sort of discuss on the seemingly, on what is called excess process is but it's got to be seen in different countries,

multiple different industries. it's not only the case for banks on the case, but it's also important on the case, the discussions that we see for utilities companies, for example, in germany, and also as we see a full bass in the country. so this is a, this cost is taking base, but as i said it's of interest on getting the reliability invest. investors need to have, in terms of what actually constitutes a tax payment. and also the difficulty is imposing in terms of what is going to happen in the future. so therefore, it needs to be discussed very carefully and we see the reaction in stock prices on the repeats itself to we're talking things. but we also see actually dropped in stock prices across the entire site. so these governments maybe have a points that actually there has been such a divide between these interest rates. the banks have actually been doing well

a briefly, if you could. yeah, the discussion um on this, why don't you go and install this as bother me? your question off, i'm sorry to said you was competition robin with a tech savvy mattress. so this means indeed the tax, i'm sorry, your competition offering has come to the conclusion that there is, in fact a willingness by bass to pass on a high interest rates to, to the positive, very nice. and they should probably talk about the, the competition problems that come on the right from the steps in action. but they should not do this and it takes a little way. all right, eric will call is present of the european school of management and technology in berlin. thank you. thank you. and open out some of the other global business stories making headlines. toshiba has announced the $14000000000.00 buyouts once a symbol of japan's economic might. the 147 year old firm has been wired in turmoil,

including a profit patting scandal, experts expect the conglomerate to put some of its units for sale. once it's gone private movies, it's got the credit ratings of several small to miss mid sized us banks. the agency one paypal as long as the stable coined digital currency. this back by the us dollar. the debut of paypal, usb comes as the crystal currency industry, faces hard times, trouble by the meltdown of f t x and the growing number of legal cases against the branches. biggest exchanges. well, the us state of texas has become something of a poster child for clean energy projects. it's already the biggest bruiser of wind power in the us and it's well on its way to claiming that tougher solar energy to but not everyone is a fan. our porter met a campaigner fiercely opposed the plans to build a massive solar farm. your, his families land. everything's bigger in texas. they say no doubt when it comes to renewable clean energy. this springs to no other place in the us as more wind and solar energy plans and projects in the so called lone star state. so far so good

bucks is about what makes texas interesting is 95 percent of the land in texas is privately owned. 83 percent of that land is work in the past. those large blue areas landscapes, huge privately owned farms and cattle ranches for which texas is also famous for gave way for more and more equally massive wind turbine and solar panels projects all over the state. but that's no more. this is michael tickets were meeting the grandson of american business magnate t bu, picking some dice, texas just east of south. michael is active and a group of land owners who post a renewable energy project in the count. he's taking us on a little tour, show us that a massive solar farm here is a bad idea, mostly whitland and densely forest and area. the impact on the environment of the bio and the cost system here is devastating. yeah, it's a business,

it's capitalism. and it's maximizing profit, but you know, for us that live over here, you know, what, 4th, 5th generation tax and use my home. michael says he and his friends and many of his neighbors will continue to push against what they deem is the wrong place for a solar panel from barry wire, san angelo in west texas around here. the sun is almost always shining. the town has space, a lot of space, large solar and wind energy projects makes sense here. solar present, some really, really important advantages. not only in terms of energy production, but in terms of the economy in its growth. 3 big solar projects brought an investment of $800000000.00 into the cap for springs or back to like pickens, you know, take it somewhere in san angelo. there's a whole bunch of flat, treeless homeless land up all over the panhandle. you can put a lot of solar despite the bleak reality of ongoing and increase of the fights and

legal battles between preservationist landowners and the renewable energy industry . many here on the sense of over and regulations preparation and solutions for the future. all right, and is there a motive or top business story? we're following for you a time when a semi conductor giants, yes mc has given the green lights to a new factory in germany. berlin is expected to pay up to 5000000000 euros and subsidies, in line with new e rules aimed at attracting chip makers. alright, that's it for our show. find out more online, the w dot com slash business. we're also on youtube or the deed of the news channels. thanks a lot. the how do we feed the wow. without destroying the

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