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, integrity shows no signs of a bathing. that's bad news for traditional carter weavers. hello, welcome to the show. i'm seeing beardsley in berlin. us present. joe biden is issued an executive order banning us investment and chinese quantum computing, advanced chips and a i technologies, citing national security concerns. and the ban which assess take effect next year, will require companies to inform washington of any activities in 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 the by the 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 consults the seen a linux model you walk into the show,

how serious are these newly announced measures if we look at trade flows between the us and china space. so having the, um, let me makes the initial um, ups of agents from us on the new executive order. um, so 1st of all, 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 um in the future. so as you said next year, is that like the timeline? so nothing is set in stone yet. and how exactly the implementation will look like a still remains to be seen. of the 2nd point that i want to make is that not middle, 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 had a lot of time to engage us opinion on this. so that shouldn't be too many surprises on either side. the 3rd point that i want to make this note guarantee that the kimberly porter is more narrow in scope than 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 a to more technology area. so as a set, nothing that is set in stone. all right, so a bit more narrow than some had expected or feared that you mean lots of 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 and test a 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 notice also consider some rules that are limiting you as persons,

regardless of whether they work in the u. s. or in europe, from making investment decisions in certain technologies. but see again the implementation of the 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 obviously in the export controls on semiconductor manufacturing equipment. we don't expect the u. s. a to apply a similar pressure on the for the all investment screening 1st, getting the trans atlantic purpose of mind is much more important for export controls than it just for the also an investment screening. since technology and technology, the coaches are much more direct, i mean, exports from other countries. you know, um, seconds given um, that's a big stick to just that the union is already considering an old investment

screening. what we think is the executive order, and how executive the us increments of the investments meeting might serve, of course, as a blueprint for the holiday. you will take of this individual. yes, martine, very concise, only have 20 seconds. if i'm an, if i'm a major business in the u. a driven business, for example, should i expect that an investment screening is coming in the near future from the european side or on 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 activity looking into how to do a proposal, the german side also already announced that it would've worked with the commission into green. how does that look like? so? yes, i think we can expect so. all right, thank you very much. monte uncomfortable to with seen a linux a trying to consultancy firm. thank you. thanks a lot. all right. speaking of trade with china, india has been military drone manufacturers from using chinese parts as daily

attempts to modernize its 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 producers to source parts from other countries. of the band only effects 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 struggle 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 assist 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, 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 goals that we are talking about in this report to you. and that's what enjoy it relies heavily on foreign manufacturer is. now the thing is, as i already said, that since china is part of this, of 70 percent, part of the supply chain of manufacturers, all the other manufacturers also do not read. you have an alternative. so that'll repose the sun manufacturer as i 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 bilateral dies 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. now 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 fallen by about 5 percent. but it is also true that india has been

imposing the controls in several areas in which i now had a solid road to play as far as the trade with is concerned and military drones being the latest example. alright, does charl 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 hubbard, base firm posting a net profit of 2900000000 euros. 67 percent lower than it did last year with global trade search 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 there now expecting inflation to continue. it's toward pace into august

driven in part by weaker lira. 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 money says 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. pratt, 33000, not so needed for one square meter, a welcome managers about 6001 shift. today the 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. it does 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 the price. yeah. that's why people know only buying machine made carpet, smoking industry, a good name, reduction of how do i have carpets? is shifting to countries like no power or india fresh ideas and needed. what do you mean and a son that brings a handle from comp, it's a few streets further to lisa, which service was 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 month, he turns new carpets 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. in g, like everywhere, kentucky, the pinch of the economic crisis is unavoidable. inflation, unemployment, and newly announced tax increases, a waiting on people. appliances are getting more expensive, rents are also rising, but we're not the only ones affected work is hardly worth it in the capital of carpets, especially in times of inflation. and finally, how would you spend a 1000000 and a half dollars? that's the question for one lucky lottery winner 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 $783000000.00 plus tax of course, top choice. thanks for watching the well

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this is to w news life from berlin. west african leaders agree to keep all options open, including military force to restore civilian rule in the chair. they conclude the crisis, some of the neighboring nigeria by activating a stand by force. but there are no signs. that means there's going to a will hand back.