tv Business - News Deutsche Welle September 19, 2023 8:15am-8:31am CEST
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game every, everything can happen and we want to surprise on the when. so let's all go modern football or from feels like a crusade to make the most money. but there are still occasional fairytales and the champions league for the season at least keep watching to find out how low boy levels on the panama canal, a shipping disrupting global shipping costco. but we'll have that story. all have mobile useful. you next. now you want to jump, you want info is worth to stay with the $700.00 children are arrested every year. it's israel pod line again, send this to me and mine is the most common reason throwing stones we to,
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to full of prison in the army officials. unicef has accused israel of crimes against humanity is the day starting september 30th on dw, the a number of arrests and a whole new layer to a growing problem. police in china, detained staff at the wealth management arm of about a property developer ever ran. for a lot of expert analysis on the impact of the company struggle to serve on also on the sho, apple supply or fox card says it's going big in india to hear more on what that means for the country. and it's, it can all make rivalry. let's try it out. and look,
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water levels have been disrupting shift traffics through the panama canal, with consumers likely to vary the price during christmas and chinese new year celebrations. course cobra, welcome to program. police have detained staff at china's and battled property developer. every company sits at the heart of the nations property crisis, and the investigation by law enforcement signals. a new phase involving the criminal justice, police arrest the staff of the company's wealth management unit, not disclosing how many people were detained shares and have a grant plunge. 25 percent when trading opened in hong kong, but later bounce back for more let's bring in zoe new zone. young. she is a fellow for international economic policy at the council on foreign relations. welcome to dw zoe. what are we to make of these? these arrests, i thank you very much, chris,
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for having me. i'm 1st of all, the having the police department or public a security people involved again, a financial crime or financial issue is, is not necessarily unusual in china because the, the justice a system with him, off the public security or the local police bureau and be have a financial crime you investigation also here is in this particular case with regard to our ground. there are the so far we do not know exactly to what extent are there is a financial crime or, or, or anything related to that has actually happened. however, it has evolved into a public a security concern in china because um, starting from august, the 2021. there have been uh, several waives of prod, house related to our grand is
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a wealth management unit or the wealth or so yeah. other word is the shuttle banking, the idea that our grand, you're getting involved into the shuttle banking system. it is triggered the masters to protest. so it became a public security problem. now there's been a statement issued by the patients and a police saying that an investigation into the financial management unit is ongoing at the police call on investigators and the public to report any cases of suspected fraud to the authorities. is it a finger point towards what is being investigated here as a very, very, very likely because ara grande's either had, didn't have a wealth management unit and the wealth management unit is notorious knowledge of support and we're brandy. but across the financial, across the banking system in china is notoriously not transparent. and there have been multiple cases of fraud. the print in previous years of being reported. what
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are these are risk then mean for ever grand as this and battled company as it is? i'm a, our ground as a company is already fall from the throwing in terms of the property, of privately owned property developers in china market. and right now, the company itself is still in the midst of government, a guided data restructuring. and it has been locked in for quite some time. so this additional giving us negation probably came into on the one hand, further looking into where the money could, could have gone how to trace money back from the more importantly, how to stabilize china is the housing market. so as again, as the council on foreign relations speaking there then not to some of the other global business stories making news. germany is set to draw more than half of its power from renewable sources. this, that's according to economy is sort of an object because it more is needed to meet
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emissions renewable energy goals until 20 for oil refineries are struggling to meet global demand for diesel with prices for the fuel. jumping to a seasonal high guides, the trend or saudi arabia and russia limiting production of crude and black, las, the refining capacities, reflecting refiners, devious diversification away from these products. auto workers and united states continue the strike against the detroit 3 after negotiations between the union and general motors, ford and chrysler parent companies to lantus didn't lead to any agreement. almost $13000.00 workers mailed strike against different plans. they are demanding a brief increase of 40 percent while they have been offered $21.00. time one is apple supply or fox con, ends to double as workforce and investment in india over the coming 12 months. that's according to a company executive, the world's largest contract maker of electronics has been expanding his presence
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in the world's most populous nation. a bid to move away from china, fox con, has already invested in manufacturing facilities and southern india of our employers, 40000 people. and last months, the state of canada cassette a supplier will invest $600000000.00 in projects there for making iphone parts and ship making equipped for more. and that's, let's bring in our vend ponagorada i. he's an economist at the columbia university in new york. welcome to the w. why does fox con, want to do that as well? you know, monthly prospectus in there has been rising and that the economy is doing then. so it's a good, a destination for multi nationals, but also there is a diversification going on from away from china. and that the large company needs
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to be tied operating in china from various parts of the word are looking for an alternative at that location. and then, you know, potentially in some sense, india of course be a lot of this market. you know, so it's not just being turned on the market from the products, but also if they want to then diversify into the components, etc. all what they initially going to manufacture and then uh at the school force that's expansion in india, it's much larger. i mean, i'm comparing here with countries like we have, i guess all these different countries, i think the only other contributes that half of the size is indonesia. but the probably the ecosystem and big growth stuff. india is a significantly larger let's talk about how india is taking up against these are all the countries here in the 2nd. first, i would like to know the fact that this announcement was made on prime minister and their under modi's birthday tells us what they may be going
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to bed. so it may very, very be ork estimated as read because you know, the prime minister mode be a must pay attention to these details. so it's entirely possible, but then the as a, you know, before fall is going on. so to get the attention of the prime minister and then they chose to a non say, punk, this thing that was, are going to punish already a professor of indian political economy at columbia university in new york. and you can watch the entire interview. on the d, w. youtube channel. one of the world's most important shipping routes is seeing significant disruption only around 80 kilometers long. the panama canal saves vessels having to circumnavigate the whole of north or south america or embark on time consuming land. journeys up to $14000.00 ships, use the canal and central america each year. transporting grains crude oil,
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ellen gee, and all the products the past year. the canal generated around 4 and a half $1000000000.00, but this could change and ongoing drought has left water levels of the canal depleted, causing as operators to cut down on the number of passenger passages, the w's latin america correspondent, nicole ris reports. precision is key when huge vessels passed through the panama canal. it's a passage through the ivr needle, just over 33 meters wide. the middle floors loc allows for barely any wiggle room, but in the, in this ball, carrier from single pour can pass. but there's other problems affected by a severe drought. the canal administration has been tightening restrictions over the past months, reducing passages and the amount of cargo ships can carry. and it's difficult to say a full when the situation will change. a, c o m on a one sample to see if i am 80 percent worried right around now we should accumulate enough water to get to the next dr season that begins in mid december
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and ends in mid may. if we do not manage to recover to normal levels until mid december, we'll, we'll be in a more serious situation next year that i'm going to see the ceiling market. all right, but it is rainy season, but reinforce scares a drizzle at best. the all new phenomenon is hitting panama hard. that is worst river so close to drawing up. and despite some precipitation, reservoirs feeding the canals still carry less water than usually. although the canals secures passage for all the ships that have booked the slot in advance back lock, so now possible those with don't book except longer waiting times. meanwhile, the day the number of ships allowed in the canal currently $32.00 could also drop, causing the loss of up to $200000000.00 in revenues next year. and threatening trade, especially in the u. s. and asia. also some bare necessities art stakes. us economist
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color, so that's garcia after all, drain among other items. the ship to the canal. you know, i bigger concern has to do with greens with food and, and that could really just spike, especially with the worried crane and the conflicts there. decrease a lot of attention when it comes down to the actual supply of grains and, you know, in perfect world the one we're leaving, of course. uh, unfortunately, the, i mean prices may take arise until the next 69 months due to the situation, our base and right now in panama. meanwhile, canal administrator. so studying different options, including to get water from elsewhere to the window level of the sea owns one possible solution is the development of new water projects with some kind of investment that allows us to accumulate more water import water from neighboring basins in such a way that we promptly meet the need for growth of the surrounding population because there is also a growing demand of drinking water and there's the increase of best wilson goods
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the past. so the canals boy, but i think ok you, they probably got a people are getting approval for such plans could take years until then more restrictions are likely scenario to safe water and reduce losses. and here's a look at our top. sorry, chinese, please have detained staff at china about the property developer ever signaling a new phase in the investigation of the company. at the heart of the countries property, christ's shares and every grant plunge, 25 percent. when trading open to non call, later, we call it social for an hour or more. check out our website at dw dot com slash business. and of course the details each was cobra and berlin. thanks for watching or be successful. the
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