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tv   Business - News  Deutsche Welle  October 5, 2023 8:15am-8:31am CEST

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and that is the new website as our coming up next, we have the business headlines after a short break. and if you do want more news and analysis, you can always find that on our website at www dot. com or check us out on social media or handle, there is acting up universe. i'm clear. richardson and berlin for me in the whole team. thank you so much for watching the trast fashion. as an environmental nightmare. a closing graveyard. image of land desert. this is where things wealthy industrial nations no longer need and the lightest textile
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waste gets stranded here. all about the final stuff in the global fashion industry. fast fashion. watch now on youtube. the could artificial intelligence be a risk for europe's economics. secure blog is assessing what impact certain technologies are likely to have m as apparently pondering export control spell here from our correspondence. what china makes a piece plan. also coming up in an attempt to address, do you privacy rules? meadows considering charging uses in europe to browse a free versions of facebook and as a room full of expert analyses on the idea. impress koval call from from the
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program, steer of intermission as on building a list of 4 sensitive technology areas to de risk its relationship with china and other author, terry, and receipts cutting edge microwaves. a power systems quantum computing and genetic engineering will be put under the microscope to determine whether their exports and imports represent a danger to the security of the european union as a whole. the eu has a comb, wary of its dependence and partners like russia and china ever since. dakota 19 pandemic disrupted supply chains and the board ukraine lead to an energy price for more of this net spring in dw type, a bureau chief sold song hand. so the use says that this risk assessment will be country agnostic, but of course the question on many people's minds is how much of this initiative is targeting china, specifically for everyone knows that the biggest potential target is china
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and this is part of the use of nomic security strategy, senior officials from the you have repeatedly named china directly when discussing nomic races. but at the official press conference and a background briefing on the list of key technologies, they try to avoid such talkative, a number of a general list. they're asked questions center on the china factor, and one technology official responded by saying that joe political risk would certainly be taken into account and presenting the list. but that individual countries would not be named in order to maintain the integrity of the policies coverage. apparently, china has become he who must not be named or you know who that the european union does not want to say out loud. i mean, export controls could be uh, one measure that the, that the you couldn't put in place here. but the question is, how much pressure can you really put on china here?
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well, not much as we all know, like china has advanced technologies on these 4 areas. many page it is looking at the, at the 2 of you because we know for a lot of on the lie. and he, she said like the goal, like all these strategies are focusing on, on the, on the point that they don't want to be able to give aging. the ability to enhance is the military technology. when it comes to a possible, what happened in, in this region, especially with taiwan as we all know. so not much real pressure, but it's the attitude and the e stance in the future. that agent is watching closely. taiwan, you mentioned that taiwan is also involved here. um, how would the respond to the geopolitical risks of its dependence on taiwan for semiconductor? well, the official reply that the key technology policy does not target any content in
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country or anything of that sort. and that, of course, um european ships are very dependent on this part of the world, not just taiwan, but also south korea, which is why you has proposed that the you chipped act, which is 6 to restore you, your, your rooks chip, manufacturing power. and again, a reporter in the audience, i'll ask how much china the elephant in the room would affect the policy. the official emphasized that the policy was not designed for china, but that the u. 6. the risk of too much dependence on foreign countries or key technology and therefore it does what they need to do. now, on the same day that the list of key technologies was released, the parliament passed the anti cars and instrument legislation. tell us more about that as well. this is also part of the use of nomic security framework and which originated from china's trade course and a guest. and if you, any of this legislation is attempt to integrate the relevant policies already
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proposed and planned into this framework and indicating that the risk assessment will be made in full areas um at least supply chain and resilience critical role materials a security and leakage of technology and the risk of economic dependence, or where they say what the nice ation of not be course and so still china is a main target that, that you cannot avoid. but at the same time, it is difficult for the you to give up the interest of nomic and to a transaction of a china we, we know. so we still have to see how that you balance the 2 in their following moves. you w type a bureau chief thoughts on hand, so thank you. china is giving me economy has not dampened is people's desire to travel, despite slow growth, high use unemployment and a property market in crisis. the country is seeing record travel for the annual goals and we call a day with more than 62000000 people expected to be on the move. the millions
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of travelers descend upon china's most popular tourist spots. taking advantage of 8 days of holiday known here as the golden week. it's the 1st time china is nearly one and a half 1000000000 people can celebrate the stretch of holiday since pandemic restrictions were lifted in december. and the 1st time since the country resumed international flights, the gusto for both is palpable. there's so many torres, more than before. the area around the lake is so crowded, a lot of places you can't enter exit. china's ministry of transport predicts that are record breaking to 1000000000 trips will be made during the gold we holiday via railway, highway waterway and air boosting spending. as taurus, splurge on hotels, meals attractions and tours the consumer confidence has been rising slowly.
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it is far from pre pandemic levels. will tell because in q 2 was great. even look at effect capacity. yes, fully recovered to about 50 percent will create pen demik level. so we're not really not in full set capital recovery at the center of the sluggish growth is a number of economic crises in debt. crisis are real estate crisis and record use unemployment. the tourists are spending the cautiously especially those boys to enter the job market. soon the while i do sure we made the full use of a one day tour. we don't sleep overnight in the destinations to save money. we take a morning train visit as many sightseeing spots as possible and return at night. all that. why have that for you? that travelers also face to return to reality when golden week ends in a few days. and also some of the other global business stories making news. your opinion unit is investigating chinese subsidies for wind turbine manufacturers move
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comes us chinese heavy equipment makers, sadly, plans to produce wind turbines. it's 6 of its sites in europe. brussels will be looking into whether subsidies from basing are given chinese manufacturers an unfair advantage. the biden administration announced several sanctions against chinese companies and executors planning them for importing the chemicals used to make the deadly synthetic opioid fentanyl. it says companies that make the progress or fraternity precursor routinely mislabeled products in order to avoid being caught by law enforcement fentanyl. let's go 70000 people year since the year 2020 facebook and instagram here are those in europe may soon have to pay if they wants to browse ad free versions of the social media platforms. parent company, meta is exploring a plan that would charge people as much as 10 euros a month matter needs to comply with your opinion. union rules which threaten to
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curb its ability to personalize ad for users without their consent and hurt it's major revenue. so matter reportedly plans to implement the plans in the coming months. so let's get the view of den ives on this managing director and senior equity listed when bush securities. welcome back to the program down. why is met of discussing this stuff now? i mean, it comes down to the privacy issues, limits the advertising dollars they can make and they're all 3 looking to monetize . now if you go non add in terms of the services that i think this also shows it's a little bit of a shot across about you. when you play with fire, you can get her and i think this is really way of showing me what do you make of the proposed price structure? $10.00 euros are around $14.00 per month. look,
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i think what we're seeing with subscriptions across the board. i mean star with linkedin, you evaluated cc'd premium across the board. you know, whether it's on content. we can see it with x, you know, appointment, or is twitter. i think this is where. busy why these miles are going, especially non ad driven i especially is are looking to monetize the privacy. indeed, issues are a big thing. you especially that's playing out in europe. and i do think that the was of key been a bit and for companies like mehta, i mean they're sort of looking at opportunities now to monetize that you could have churn from a subscriber perspective. but i do believe this is maybe a changing the times. how do you think uh, facebook and instagram users are likely to react? i mean, these services have been free since they hit the market. and facebook, for example, repeatedly has been saying it will remain a free service to. yeah, well, i think it's also possible facebook. we'd have a lower subscription fee just i think there's
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a lot more ensuring that can happen there. but instagram, especially in certain demographics and when you think about younger generations, or maybe you instagram like eating and drinking and then instagram. right. and then i phone to it's become that important in terms of every day. i think meta and dr. burke understand the churn, the bar could be worse and the by, and i think it's experimental to what they're seeing. you. it may be a bit if it's successful here. it's something we can see in the us as well as global and. 3 do you think that the you will see its privacy concerns met with this step? yeah, well, i think you, as we all know and brussels, i mean we use or focus from a privacy perspective. big tech is something that's right now, you know clear target on their back and i think that will be to tight route remitted to sure to navigate here for privacy perspective,
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but it comes down to modernization. well, i mean the privacy issues then i was the managing director and senior equity analyst ad read vers securities. then as always, thank you for your analysis to. and you can watch the full length interview with dan ives on the dw use youtube channel. and he has a reminder of our top story we have for you. the commission has unveiled a list of for sensitive technology areas as part of its attempted the risk. it's relationship with china and other, other terry and regimes. you will examine whether trade and cutting edge microchips, a powered systems. quantum computing and genetic engineering represent a danger to the block, and that is our show compress. colburn. berlin, thanks for watching. have a successful the
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book. the environment trends. technologies come is digitalization, tops, new market, new media. the world is accelerating. sees the opportunity challenges to try new things. take flights with d, w. 's, business magazine, made into many next on d, w. the kluge landfill in romania is raising a major stink. b e u has invested 40000000 euros in creating a modern waste management system. but where has the money gone? our porter searches for clues, dirty task, focused on europe. in 60 minutes slot on d, w,
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he's got issues with a lot say what the of the, the, every thing is getting more expensive. first our energy bill sword, then food prices. the cost of living price is forcing many to cut corners. but switching to a cheaper alternative isn't always an option because even the roof of overhead is getting more expensive. rent prices are on the rise around the glove causing ex.

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