tv Business - News Deutsche Welle September 15, 2023 5:45pm-6:01pm CEST
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is even more injured and it's also set to take a tough economic toll region. west affected by the quake has been seen infrastructure destroyed, and livelihoods have been put on the line that blows from their own trees. for many people in the small village of a nogales and then the rocket and province of al hose, the fruit is an important source of income. but the severe earthquake has caused devastating destruction in this area. houses in the village have collapsed and it's unlikely that there will be any income from apple harvesting this year. the agriculture i was seriously affect it. we will call to earn a little money by planting apple trees to prepare for the start of the school year . but now all the apples failed because of the u. s. quake rebuilding homes and livelihoods is likely to be an over whelming task. for most people in rural morocco,
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the most affected by the quake is recreation. almost all pipes were destroyed. additionally, our harvest of apples and walnuts failed due to the quake we have never experienced such a devastating quake before my mother. and i got fortunately, rescued teams are able to reach more and more remote areas and our initial a deliveries of food, intense. let's go to the discuss the economic impact of that devastating earthquake and morocco with mike scully and he's a political scientist. so the issue of development studies in london, thanks a lot for being with us. i mean, the human cost is really an immeasurable but, but what sort of economic damage has the quake guns barriers affected? i think you have said you. right it's, it's very difficult to, i think right now, further than the, the enormous even costs. and obviously i think our thoughts are with the people who ask the loss family members and as high risk ident. but i think over the coming weeks and months we're going to think i'm here a lot more about the,
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the longer time economic consequences for the region. the area that's been most effective. um, traditionally quite large given lines on, on both accurate culture and tourism. uh, the are these, these mountainous regions around mar cache, which obviously itself is, is a terrific hot spot. and both of these industries that, like you're going to be affected quite substantially for quite some time. they're also dependent on infrastructure, on roads, into the mountains, all of them, the condition of one of those in, in the coming weeks and months is, is unfair. but i think the most damage and impact uh, economic he's going to be on the people in communities in these areas. if we think about livelihoods in these areas, a lot of people tend to own their own houses. it's. it's a really central assets for people. um that income's often not, not nice, but you know, people have have a place to live in that they don't pay rent and i'm just not buy a lot of these houses. a lot of these assets along this infrastructure has been destroyed, is going to be really, really brutal hit on on livelihoods, especially amongst those who have
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a lower incomes in these communities. and it will take a long time for people to recover how well positioned is the rocker to rebuild, particularly the infrastructure that you've talked about. i think it, there certainly efforts are being made. and morocco has taken some international aid as well. but i think it's, it's a substantial undertaking that will take a lot of time and it's also for reach. and that time historically has, has often seen itself as being marginalized, as often seen itself as, as not having seen enough invested in it. and so that on top of these dynamics, you now have this, this further deterioration. it really means that there's a lot of work to be done. and that is, i think those work from morocco, but also hopefully for, for international assistance. and the world bank thinks that the escalade could not some 8 percent of morocco's gd page. that is because like $10700000000.00 is a huge amount of money. how is more, okay? or is more likely going to be able to cope with that kind of hit to
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a cdp. i'm always extremely cautious with a g p estimation. so i thought i'd come so quickly after a tragedy like this, i think it's extremely difficult to, to put numbers on these kind of things. the walk back is going to be able to, to at least partially verify some of us themselves because they have their annual meeting and in our caching, just a couple of weeks it, i think the impact of this will be had to genius, the distribution. and i think that is, is a key thing to keep in mind. that is, yes, it has a national impact. yes. or have an impact on the national g p. but the able to take today have an impact on the people in the regions where, where it is um, you know, where, where the of these things have happened. and so i think it's scanning to the national picture that quickly is, is distorting the impact quite a bit. the fact is very focused and very concentrated. so yes, it might save of a couple of points of gdp nationally, but it'll be a lot more than that. in, in these villages and towns that have been most effective like scully and from the state of development studies that now some of the other level business stories that
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are making the news british chip design a um, has made its debut on nasdaq and the biggest drive here since 2021, just saw it as much as 20 percent on the 1st day of trading value in the company. more than $60000000000.00. and when does have the nobel prize is we'll get more award money this year. totally nearly $1000000.00. the neville neville foundation says it's increasing the amount to reflect it's stronger financial position. he also compensates for decline, and the value of the swedish crown, the shipping needs to get green of the maritime industry accounts for around 3 percent of level greenhouse gas emissions. that's why one of the biggest companies in the business has just taken a step towards having a more environmentally friendly flipped there she lives in copenhagen harbor. laura, the pride of the world largest shipping company maersk at
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a 170 meters long. laura is considered a smaller container ship, but it is unique. laura is a 1st container ship to run on bio methanol and no longer on climate damaging heavy fuel oil. something mirrors can take satisfaction and it means a lot to me to see that we are the, let's say the pioneers in the car from rising the industry. and that's, we're making this happen here. and now, and we have a ship with us. and this is only the store, so it's because i think the other part is that it's just the source of many, many more ships that are going to come. so have to carbonized the, the industry curious onlookers stand around the pier. they want a glimpse of the 1st green container ships. they think this being a 1st mover is going to be an eye opener for a lot of other companies to follow merced and hopefully we're gonna have more green transportation in the future as well. so seeing mirrors do this and being the 1st company to do is in denmark is a, it's very exciting to, to make such
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a big impact in spam from the world. the mirrors because already order $24.00 more container ships with engines that can run on bio mass and all their competitors are also switching over the engines manufacturer is experiencing strong demand. i think you move in time of the moment. we have $180.00 engines in order and there are around $200.00 engines and the project pipeline. but when i look at the trend forward looking ahead, it's deeply upward. ok, there's a style level, but there's a problem. file method all is currently not available and sufficient quantities may i ask is partnering with firms like european energy using wind and solar power. the company wants to produce enough bio mass and all for laura and denmark. the plant is under construction, so it looks like construction sides towards the end of the year. so the mechanic completed, and then in the 1st half of next year, we put pallets with the plan. no stop producing the 1st drops of other projects are
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in the planning stage, but ships won't be held back for lack of bile, methanol, if necessary. the engine can still run on heavy fuel oil. we can now speak to dr. tristan smith from the u. c. l. energy institute, thanks a lot for being with us, is method of the solution to the shipping industries. environmental problems or not with it might be part of the solution, but it's not the one that we have identified is the luck to don't to them scalable solution. it's an alcohol which means it contains call them hydrogen and oxygen. and the common is actually the real challenge. how do we make mess? no competitive because we will need renewables also compliment and a way to get up to just come from bias offices and. and if we don't bring it from by sources, it's going to be very expensive. so we identify green, ammonia drawn from bonham, sub nubile electricity. that's the lowest cost solution for the shipping set to the
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bottom. and how close to those technology is to being a viable alternative to the way that shipping is being fueled at the moment. so the right place, we're seeing several orders for new build ships, which are ammonia to fuel ships, are able to consume a minute, as well as a conventional people who dislike the mask chips and you feel ships um, but just with mechanisms, you'll tend to, if you so the, so the machinery is being ordered now, and the supply of ammonia is ramping up squared aware of about 3 x seduce, which is a several 1000000 tons of production, which has been committed to come on the line with a misstep k. so by the production of the fuse on the machinery, the ships is developing in a similar speed, but maybe a couple of years behind the, the method, all possible to get a sense from mass because they do see the method l as a stop gap. they say that is,
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you know, they're not getting all in on mess and all, i think is the phrase that they used to describe it. but um, in the meantime, i mean, is that a big improvement on the, on the way that shipping has been done? should we be getting excited about mask ordering? 25 of these ships in my opinion? no. because essentially what they're doing is running. we ship some biofuels, so it'd be anything that matches now is to move the sec to to hydrogen drive. can switch it, produced using the renewable electricity, the ivers regulations in july we're clear that the average ship needs to have a 90 percent or better greenhouse gas intensity production will be on the existing fleet on the 2 $1008.00 bill ships, which is which is a baseline and this special operating on a by to is not doing bolden say 65 percent improvement. so it isn't capable of being the long run solution with a few minutes consuming. now, a biofuels can be used in conventionally designed ships, but there's nothing preventing us using something called hbo,
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or which is $100.00 basic vegetable oils which are another type of biofuel. but you can use those as a substitute for conventional aisles. but few miles that we use in ships which have conventional machinery. so it hasn't advanced us on the critical stimulation office, a 100 percent renewable supply chain of fuels. and it does show that we can operate best was the best. no, but there were companies stand up, for example, that were doing that many years ago. so it has an advanced shift technology hasn't advanced a supply chain given that they've already passed was already moving on. but use are just as nice from you cl, energy institute. that's all for me in the business name. and by the end of all i have to do either way dot com slash business or the data. we can use youtube channel to see whatever that i guess the
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. i just know that like i'm disinfo graters. that's something that i'd like in friends and name dancer, fashion designers, photographer. the multi talented artist is taking up the are seen in cape town. for him, it's all about transcending borders and taking on challenges of free macs in 90 minutes on d. w. really do become a criminal pre crime a i already told me it is who paralyzed entire societies computers that much of the governments that go crazy for your data. we explain how these technologies work, how they can help make, i'll will say that's how they can also go.
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the this is dw use life from the land. libya struggles to recover thousands of bodies from its catastrophic flooding. rescue as gallows through the mud and debris of the flow for his tad through the city of death. not the right cross ones, but the danger of opposite land might also coming up after shots of rock morocco's oh, quite clean. up after thousands of living in tents, dave is damaged or destroyed homes, dw made some of the supplies at a cold issues. the restraining order against the with ruby on, it is prevented from contact.
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