and he wants to slow some of its own trade with china, in this case for drone parts. as of modernize, it's military. also on our show, the economic crisis in turkey shows no signs were bathing. that's bad news for traditional carpet weavers. hello, welcome to the show i'm seeing busy in berlin. you as president joe biden is issued an executive order banning us investment and chinese quantum computing, advanced chips and a i. technologies, citing national security concerns of the ban, which is have to take effect next year. will require companies to inform washington of any active using the 3 areas. do us as intensifying efforts to stop china from having access to american technology. aging says that it was that it is gravely concerned with abiding ministrations decision which comes as china faces declining trade and deflation. right, for more or less, i'm joined by marketing colorado. he's a senior consultant of china, focus consultancy seen a linux, margie,

welcome to the show. how serious are these newly announced measures if we look at trade flows between the us in china? stay. so having the, um, let me make 3 initial um, ups evasions from us on the new executive order on. so 1st of all, uh, the executive order has not created and both owned investment screening ready as of yet. um, but this only started the process of making increments its um in the future. so as you said next year, um is that like the timeline? so nothing is set in stone yet and how exactly the implementation of it looked like uh, still remains to be seen. of the 2nd point that i want to make is that not smooth, if this has been already awaited for quite some time. so it is not entirely surprising, but this is coming off now. it's been in the works for about a year, and your team smells. training officials have a lot of time to engage us opinion on this. so that shouldn't be too many surprises on either side. but the point that i want to make this no guarantee that the order is more narrow in scope in what has been previously suggested. and but the us congress is going to do right now with national defense authorization act. so for

example, the current was exclude biotechnology, but of course the proposed was also to give the option to expand, to more technology areas. so as i said nothing, the human law says it's analyzing what the us plan to do with these curves. what does that mean for the you can we expect it to do anything or implement its own curves? yes, thanks for that question. let me answer in 2 quick buckets. so let me 1st start with invitation for this. um, for your business. um, we don't see an immediate impact on your team companies investment strategies since the executive order already started the process of defining the rules, the industry also. so the, as in the future, the us treasury is also actively seeking for comments right now. it has published a notice asking for input on specific questions. um, one specific area that your team businesses i'm fully aware of that i want to highlight is the noticed. also consider some rules that are limiting us persons,

regardless of whether they work in the us or in europe, from making investment decisions in certain technologies. but see again the implementation of this still remains to be seen in the details in terms of how this will affect european of the policy making process. um, and obviously we have seen the us previously already pushed a trans atlantic partners towards adopting stricter controls and technologies that the u. s. do use as a national security risk of the most prominent except for office the the dutch export controls on semiconductor manufacturing equipment. we don't expect the u. s . a to apply a similar pressure on the for the, on the investment screening 1st, getting the transportation department, the mind is much more important for export controls than it just for the all to an investment. screening. since technology and technology, the coaches are much more direct and the exports from other countries. you to flow seconds a given about a big city just that the union is already considering an old investment screening. what we think is the,

this executive order and how exactly the us implements the the best and speeding mites are of course, as a blueprint for the holidays you will take of this industry. yes. more team. very concise. only have 20 seconds. if i'm and if i'm a major business in the u. a german business, for example. what should i expect that an investment screening is coming in the near future from the european side or from the sides from the european side from new york is quite clear on that's both on the team level. the commission already um this i could be looking into how to do a proposal. the german side also already announced that it would've worked with the machine into ring. how does that look like? so? yes, i think we can expect that. all right, thank you very much. monte uncomfortable to with seeing a linux, a trying to consultancy firm. thank you. thanks a lot. all right. speaking of trade with china, india has been military drug manufacturers from using chinese parts, as deli attempts to modernize the military. the indian government point pointing to

security vulnerabilities alleging chinese technology could be used for intelligence gathering. but the band is raising the cost of manufacturing of manufacturing the weapons rather by forcing producer to source parts from other countries. other than only affects drones, china will still remain a major supplier for other machine parts over to charge the card to k in delhi. in charge of the us military still struggles to keep try is military parts from its own supply network. how hard is this going to be for the indian military? well, steven, the road ahead uh does look tough if, if, if india plans to persist with this policy. uh, some experts say that 70 percent of goods in the supply chain when we talk of military drones, they're made in china. so is sick to believe there's really no alternative. and you know, even if india tries to somehow, effectively, forcefully get china out of the picture, then the cost we go up dramatically that estimates does suggest that the costs we go by 50 percent. so in the we'll have to, you know,

decide review that if it is ready to go with that kind of a cost escalation to begin with. and so what is the plan here? does india have the manufacturing capacity, or is it going to try and create the manufacturing capacity or the trade relationships to replace these parts as well? yeah that's, that's the conundrum. uh stephen. the thing is that india experts say that india likes to know how to make certain types of drones, especially the kind of drugs that we're talking about in this for both of you and therefore enjoy it. relies heavily on foreign manufacturer is now the thing is, as i already said, that since china is part of the so 70 percent part of the supply chain manufacturers, all the other manufacturers also do not read. you have an alternative, so that'll repose the sun. manufacturer is still important, but even from china and they're basically just white labeling all of that material . so it's, it's a very tricky kind of a situation. there are some domestic projects going on, which a government funded, but they're running very late and they're not really up to the mock. so yeah,

it's very tricky situation. there are tensions between these 2 countries. there have been flash points in recent years. how would you describe trade relations, otherwise, outside of the sort of military arena? well, last year treat was actually blooming in spite of the tension in by that sort of die since may 2020 since the galvan attacks. but the numbers will be by the chinese government in the 1st half of this year. they've pointed out that the bilateral trade between both the countries has decline for the 1st time in the last 2 years. numbers say that the trade fell by 0.9 percent. it's not a big deal, but then it is a dip. never the less know many exploits say that this could also be because of a general slow down in the chinese economy. we know that china as well, little trade has followed and by about 5 percent. but it is also true that india has been imposing uh, controlled in several areas in which i not had

a solid role to play as far as the trade within the is concerned. and military drones being the latest example. right? those charo cards. okay. in delhi, thank you. and out of some of the other little business stories making headlines. profit that german shipping, john hop on, lloyd plunged in the 1st half of the year. the hubbard base firm posting a net profit of 2900000000 euros. 67 percent lower than it did last year with global trade searched after the end of pandemic lock downs. analysts say that inflationary pressures could affect the company's bottom line in the months ahead. us inflation for july increased slightly. the 3.2 percent year on year, that's compared to 3 percent in june. inflation is stable. it's still above the target rate of the federal reserve, which will make its next interest rate decision in september. well, entirety and economic crisis is likely to get worse before it gets better, economist, they're now expecting inflation to continue. it's toward pace into august,

driven in part by we can mirror the price is putting pressure on every business and especially those that were already facing stiff costs, stiff costs competition, such as traditional carpet weavers. take a look. give me a gee, in the province of my niece tuck, he's compet capital for centuries, people here been weaving comp. it's by hand, as the saying goes, you we the study or we've but for some time now, business has been stagnating. the competition, not on the law job, but more modern and cheap, is a small weaving shop on the cities outskirts, where crafts people have been weaving since the morning press. 33000, not some needed for one square meter, a welcome managers about 6001 shift. the daily wage is just a few years, but even could g g only use has materials from the area. the manager says the business is tough as profits decline. a steve citizenship model that have so many find out carpets too expensive because the costs are too high. and since the costs

are high, carpet dealers have to raise their price. yeah. that's why people know only buying machine made carpet, smoking industry. a good name, reduction of how night carpets is shifting to countries like no power or india. fresh ideas are needed. but do you mean that is something that brings the handle over and comp? it's a few streets further to lisa, which service? well, like is fonda ali has worked in the business since he was a child. he examines the goods, saying he knows every one of his compet. this one will be ready in a month. during that months he turns new contents into old, giving them an antique look which is popular in the united states. he lays the carpets on the road and watches them daily, so they can gather that in the 15 days, they lie outside into mount g. like everywhere and to keep the pinch of the

economic crisis is unavoidable. inflation, unemployment, and newly announced tax increases a waiting on people. mazda the appliances are getting more expensive, rents are also rising. but we're not, the only ones affected. a businessman are affected, does take the, the havoc isn't with a used on you. ali loves his hand, made carpets, but the heavy work is hardly worth it in the capital of comp hits, especially in times of inflation. and finally, how would you spend a 1000000000 and a half dollars? that's the question for one lucky lottery winter in florida. well, the identity of the winner of the mega millions jack pot has not yet been revealed . you'll have the choice of taking the full pay out over 30 years or taking a lump sum of just $783.00, not in dollars. when is taxes? of course, the tough choice. thanks for watching the

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wherever you get your thoughts costs, enjoying the conversation because you know it's last matter the of the door and 6, the con my child was screaming, don't take mommy to my son. your mom. he is not coming back. over the february 2022, russian troops invaded the ukrainian city of the computer and it was re capture. 6 months later, the occupation was hard. work was under russian occupation, who resisted get out of the issue. who collaborated? some people just remained to the posts during the occupation. how can life go on after all the terror?

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