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tv   Business - News  Deutsche Welle  August 17, 2023 8:15am-8:31am CEST

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the deductible has risen to $110.00 people as more and a $1000.00 for main touching is opting at this hour. stay tuned for the business headlines coming up next. to now assess, you can always find out on our website too. at t w dot com. thanks so much for joining us. the door in 6 o'clock. my child is screening. don't take mommy to my son, your mommy's not coming back. over february 2020 russian
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troops invaded the ukrainian city of compliance. it was recaptured. 6 months later the occupation was hard. how can life go on after all the terror? not everyone can do with the fear we felt every day. when russia comes starts august 25th on dw, the china won't release youth unemployment figures anymore. aging says it wants to reconsider how it comes to numbers, but investors and locals aren't buying it. all correspondent in taipei will tell us why she lives green emissions. we'll look at how it is transforming its energy production and tourism and russian occupied crimea. takes a hit, businesses are counting their losses as the unintended consequences of the war in
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ukraine mount and russia. welcome to the shell, to upon the term value to china has stopped releasing use unemployment figures. bingeing says it is reconsidering how it calculates the jobless rate for 16 to 24 year olds in june. chinese youth unemployment roles to a record high of more than 21 percent. that's nearly 4 times higher than the countries overall. jobless rate regions latest move has left investors concerns about data transparency and china. the decision was really cute on social media. it is the latest warning sign. the beijing is struggling to turn its economy around dw correspondence suits them. hon joins us from taipei with more to what does this move tell us about meetings, policies? well, there was a similar episode in 2021 when aging repeatedly delay the census data release. such
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a move suggest that bad news on youth employment rates, of course, bad news needs to be tightened and worried at to minimize the impact of mass panic or sentiments in countries like china. agent will still have some internal information as to take 6, and it will not affect the implementation of the employment policy or the location of policy resources. however, it is an admirable that the outside world perception will still be on the negative side if it's solely analysis, that it will not release the relevant data. and how ordinary people in china are responding to this decision has now already drawn wide sarcasm and quizzes. and some people say that this is how the government usually solve the problem. some quoted a cover up or hide and seek and suggested that other negative data like the low birth rate should be suspended as well. something you've been said that move um
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will cost more social panic. but on the positive side, there are people who believe that stopping releasing use unemployment data can prevent those who think that they cannot find a job is simply give out looking for one from frustrating their job seek and employment intentions against on the ground that that unemployment rate is so high in the employment environment is poor. now until recently signed as economy was going fast. so why are we seeing record high youth unemployment? well, some scholars tells me that it's a backlash against education and married talk receive. it's a predicted outcome all the expansion of higher education opportunities since the 2000. the government inflated the supply all the demick degrees on the one hand to cater the demand. all the growing middle class, on the other hand, passed on the cost to individual families. chinese young people today face
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a paradoxical situation. they have more opportunities in the education to any previous generations. and yet their chances of translating these into good jobs and prosper, site lifestyle on certain. so use unemployment is on surprising to many. it goes back to the government's policy making in education to thank you so much for joining us. sheila is rich and many sources of clean energy. the country has more than it can use on its own. that's why it holds to one day at sport, green hydrogen gas to other nations and south america. now here is a look at how chilly is transforming its energy production. i literacy stiffness fills a pot with water to boil an ordinary everyday task, but it's one that has become somewhat extraordinary in the past 8 months. his home is one of more than 2000 properties and lots sit in on po kimble,
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running on gas mix with green hydrogen. now what i'm going to do some people using this gas with the injection of hydrogen. you can really notice the difference in speed. when you're cooking the water boy is much faster and in the shower, the boiler heats up much faster. it's not a very positive effect typical to in order for the inputs you do. in 2022, the company entered a gas initiated an unprecedented project and loss it in kimball. cities were several wind and solar farms are already producing lots of electricity. in this latest form of clean energy. electrolysis separates the components of the water molecule of releasing oxygen into the environment while generating green hydrogen, which is mixed with natural gas. both in the whole, the structure that today works with natural gas can eventually be operated in the future with green hydrogen. but we don't know a 100 percent, but we do know in irrelevant percentage throughout, this is the 1st step that will prove it. in practice,
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the blending can be replicated in other cities around the world. natural gas is transported by truck and liquid form and negative 174 degrees celsius here. and this co campbell plant it's transferred, stored, and then returned to its natural state through these re gas if occasion plants that's owed rise. finally, the mixture is created, the gas that reaches homes right now is mixed with 3.2 percent green hydrogen. the goal is to increase the percentage to 20 percent, which won't require any modifications to domestic burners, the university of last city and as monitoring the project. christian chavez explained its full potential of the when the most at bank into the day when we're able to inject 20 percent of green hydrogen into natural gas. we have a reduction of approximately $340.00 tons of carbon dioxide per year,
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and so forth. and that's just for the 2100 homes in the project where the company is currently providing services you to be in a potential settings for that in place of homeowners. notice more than an increase and efficiency, they're also aware that they're contributing to the environment without any change to the cost of their gas bills. but a, you also do that and we'll give it in full wonderful. we have to look at the future at the pollution we have and we have to lower it somehow. and then we have to look for the means to have a better environment for the future of our grandchildren, of the people who come later. because as we are at the moment, we're not doing well at all, nothing like that mostly and put in a real contribution to de carbon ization in a country rich with many sources of clean energy chilly could one day be ready to export green hydrogen gas to its neighbors
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and now to some of the other global business stories making use as intel will drop, it's $5400000000.00 deal to inquire is rarely, chip maker, tower semi conductor. the company was unable to secure a regulatory approval from china. the development underscore is how tre tensions between the us and china are spilling over into corporate deal, making, especially when it comes to tech firms. written here in year inflation dropped. inflation rates dropped softly in july to below 7 percent due to lower energy prices. it is the lowest reading and 15 months. however, you can't. inflation remains the highest among the 7 nations, despite the bank of england hiking it's key, interest rate. more than a dozen times since late 2021. if you have the means electric vehicle make or vin 5 to switch shares climbed by to 70 percent edits. now is that the view on tuesday by
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end of trading? the company was worth more than general motors and ford. however, only a relatively small number of shares were traded, so investors expect shop price movement. besides the currency collapse, vices war on ukraine has also had many other unintended consequences for the country's economy. now that includes the tourism industry on the peninsula of crimea, which was unexpired russia in 2014. with the current war businesses they are losing out. crimea was supposed to be russians, crown jewel, according to the clinton, not just important militarily, but for trade and tourism with its sandy beaches in inclement weather, that the jewel has lost its shine. tourists all staying away. this is the you could also fish. this is a standard room for 2 adults and 2 children. there's a small kitchen here as it is an apartment and a bathroom, but as you can see,
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unfortunately were empty. there are no guests, no one wants to stay here. the usual flood of tourists just isn't coming in 2021 holidays decry me and made up 19 percent of the entire russian tourism market this summer. it's just one percent. this is 132 ago that uh, the 2023 season and the worst season for quite a young lady, since the collapse of the soviet union will sit as well if it's because they use it towards flow when compared to the season to just mention the reasons again says when that was chosen, those 2021 says on the probably drawn up to the quarter. ready football compared to last year because of the i think the drum unit has to have with them yet the worst of virginia most like look at these 2 percent of in russia has stepped up, its military presence here, trenches, bases, and helicopters,
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and more anticipation of an attack by ukraine is the satellite picture show crime use infrastructure has been targeted explosions, rocking the coach straight bridge twice. and the cost here is the main entre reconnecting crimea to russia, meaning even those who want to come struggling to get here sort of secluded the there were difficulty. so we waited a whole day for the various or use the use. i still loading processing the claim when brands are still on is that the fact that it included the new world funding for the land. you also have traffic sounds every day. you wait for 2 days, what kind of house going about? trumpet, excess ability is difficult. so far, but that does allow us to the list to be the russian government, as of promised a cash injection to keep up and tell her to companies or float lima. but as long as the parents feel everybody was caught in the conflict. torres, as will stay away,
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after all, who wants to holiday in a was own? the german government is set to approve of plan to liberalize rules on kind of setting the path for the criminalization of limited amounts of a narcotic. the plan will allow german residents 18 and over to joined non profit kind of as clouds, where they can buy up to 25 grams a day for recreation to use. germany's willing collision helps the change will help push back the black markets and protect consumers against contaminated products while reducing drug related climb. and that's always show for today. for more check out the dw business dot com slash business, and d, the d. w, use youtube channel, and we of course, also on facebook. so for me and the entire business team here in berlin, it's good by and take care the
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routing for similar to a ranking as the words 3rd largest economy, india is blasting off. the country wants to catch up with the us and china by 23rd. some factors driving the upswing, digitization education and lofty ambitions made injury to lose he lost everything in a mere 2 hours. benedict put trucks, next house was completely destroyed by the disasters. flooding in slovenia relief workers. and neighbors help as much as they can. everyone here is searching for a beautiful mid mountains of money on your 60
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minutes dw. we've got some hot tips for your bucket list, the magic corner check hot spot and some great culture of the board has to vote. w travels off we go. the in india is booming and it aims to become one of the world's biggest economies. india has come a long way since its independence from british rule. on august 15, 1947. after years of struggle, the indian independence movement succeeded largely thanks to the leadership of.

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