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tv   Business - News  Deutsche Welle  October 14, 2023 3:15am-3:31am CEST

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fuzzy has hostage that's all from us for now, but your business a 4030. see now looking at how the conflict is disrupting instead of the economy. reminder you can get at any time on the dot com and unfortunately your handbook is at the start as well. thank you for watching the votes. people have to say the that's why we listen to based on the ritual every weekend on d. w. fast fashion as an environmental night
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clothing graveyard in the to land desert. this is where things well, the industrial nations no longer need and flight us textile ways get stranded fashion, watch now on youtube. the start up nation goes to war. we look at how that israel homeless conflict is disrupting life and business in israel. thousands of rockets fired by him us. how's the militant group able to fund the tax? we ask an analyst and a fusion, the energy has been just around the corner for decades, but now startups hope to make it a clean energy reality. the i'm of the,
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the not welcome mazda is a tax on israel and the escalating conflict and gaza could have a global economic impact. but 1st and foremost, it's being felt on the ground. businesses, including the countries driving start up sector, are grappling was to fall out from the violence is rarely tech sondors estimates that as much as 15 percent of their workforce will be drafted into the army. the disruptions are hitting small businesses. in particular, as israel prepares for the possibility of a protracted conflict, it's economy faces an unprecedented test. yes, that's yvonne is the ceo of investment company adventures and tele views and visiting and the professor at the israel institute of technology. i asked him how the conflict is affecting those really economy. major, major impact on both. uh,
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so the local economy, you know, a supermarket say are not getting enough a medium created because there are no drivers to the trucks. on top of that the, some of the error population has no driving to work. so this is a impact. number one, manufacturing in the north is in the south is uh, uh, not occurring at the same rate. of course, with the employees thing gets home and there's a little bit of a fear and, and for the high take a sector. it's a complete the bose of many of the things that we are doing again and trying to re balance things move some, some activities to lot of the country with partners partnerships, counseling, good trips, counseling visits, both say people going from israel to europe in the us both people coming to as well . so major change. right,
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so everything seems to be on pause right now. you already mentioned the tech sector . israel husband up the start up nation that has more startups per capita than any other country. how has the war impacted that for now and how do expect the impact to be in the future on this important sector in we had the very difficult year. uh anyhow. uh, because of the journal issue was that we had the legal issues, the demonstrations. um, now there is a war and this is affecting us directly. it's uh, you know, uh you have the, a team of the 3 people in the software department. and then one of them is gone
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towards the or, and the other 2 needs to work from home and cannot meet the project managers. so this is a major effect, not to mention the whole business of the funding, you know, startups on 1st and foremost, a mentor of a vision and a mentor of the future. and when the president is being attacked and nobody has energy to think about the future. yes, that's the volume seo of investment company adventures and televisions for its incursion into israel laws use drones, cyber attacks and rockets, the conflict has raised questions as to how on loss is able to fund these complex attacks. i spoke to matthew levitz, director of the program on counterterrorism and intelligence at the washington institute for near east policy about who funds from us. u. s. government estimates that are wrong, provide somebody somewhere between 70 and a $100000000.00
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a year. probably additional funds in moments of crisis like this, and that has been constant. that is money that is in kind, that is weapons. there's on top of that training intelligence, support, etc. and then i must get some money from other states that are trying to support humanitarian stability and gaza. for example, the state of cut our provides a salaries for home us employees, even if that actually goes to i'm us employees at present funds for other things as has investments and they have people who oversee their investments. the us government has designated persons in turkey and jordan, for example, who sit on the i'm us finance committee overseeing their investments in the region . and finally, i'm us raises funders through front organizations, illegitimate charities, and some charities that pretend to be legitimate, raising funds publicly for needing palestinians, which of course is
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a legitimate purpose. but in fact, taking that money and providing it to us. and there been a series of cases recently people arrested in israel, a father and daughter team in the netherlands, arrested just a couple of months ago in that case. for importantly, having raised over 5000000 euro from us. that was counter terrorism, expert matthew levitz. you can find an extended version of the interview on our deal, the news youtube channel. now to some of the other global business stories making news, the microsoft got the green light to acquire activision for $69000000000.00 by british regulators. the sale of the maker of call of duty and other popular games, such would be the biggest ever in the video gaming industry. world bank president, a james bond has outlined and business plans to include climate change and other global crises and the lenders mission and to offer more loans at lower cost. the
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world bank says this will help it pays out cold and east global crises. german sports car maker pours increase the sales in the 1st 9 months of the year. it delivered $240000.00 vehicles from january to september 10 percent more than during the same period last year. that's the spice of 12 percent fault and it's the largest market. china, higher sales in europe and the us helped offset the chinese slum shaky global economy also means investors are looking for new opportunities for growth. regional instability is driving the search for alternatives to fossil fuels like oil take fusion energy for example. it promises to provide nearly limitless, clean electricity. fusion means smashing hydrogen atoms together to produce helium . the process has been understood for decades, but so far,
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no one has been able to get more energy out of the system then they put in. now some sort of thing they can do just that with the right technology, dw steven beards we spoke to hika, finds c o o of jeremy's marble fusion. she asked, she asked her how marble fusion was able to convince investors to put on $150000000.00 and hopes of finally making fusion practical. so definitely it's not a topic that is kind of made for all investors, right? so you need to have investors that come from the defects face, but also investors that want to invest into climate tests and into i mean, testing climate change is one of the biggest topics we need to soften the sensory. so there is a certain openness and investors that especially want to invest into those topics. and i'm an engineer by education i'm, i'm the tech optimist. i believe that only technology consoles, those problems that we're in. and that is also something where we see that,
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that resonates very well with a lot of investors. and we have also seen globally now it's going to mention in the space. so they've, they have seen over 6000000000 now closely invested in susan energy and more than 90 percent of that was invested only in the past 2 years. so this is just for a moment to invite some of that has slowed down recently as well, right? i mean, there was a boost of investment after that experiment that you talked about earlier to show that there was a net gain. is it possible that a lot of that comes on out of excitement, but then maybe when some realities are merge or when people take a closer look that it could be a little bit scary or i think in the, in general, the invest in the system is through the slow what then it was kind of like 24 months ago and that's something that i see all the technologies out there to be a see and know all side of how, how stuff challenge. however, i see that for especially for fusion energy, that is still a good interest in,
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in the market and the investors are looking into where to invest. however, now given that we're like, if i compare your pin ecosystem to the us system, especially when it comes to investments, more than 90 percent of all the investments globally have been done in the us and not in the private using companies space. do you feel like even if there is this kind, a concerted push from the german government, from european governments for fusion, this won't change the underlying type that in the us, you probably have a lot more that private money. is that going to be decisive for you at the end? is where that private money is instead of where the public capital is it's. it's a very sad question. and i think the biggest challenge, because the happen europe is really the funding gap for the tech. so it's not about getting like, well, it's relatively easy to get the 1st funding volunteer view of i think we have a good system to phone companies and to get those 1st funding rounds. but if you
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then get those fundings rounds of a $100000000.00 plus, and they're on the lot of investors in europe, that can actually invest into, into the tech. and that is a massive problem. i think it's the biggest challenge that we have in the defect area. is just funding gap and that needs to be addressed. so we need to put incentive, some place for private investors to invest in to detect why is that, why is there such a difference? is it just a structural difference in the u. s. over the years that there is much more of a private capital arena, obviously, i mean, anyone would look at and see that is that's something that someone can turn the right screws and sort of fixing away here in europe. how do you look at it as someone who's in this industry? so think a, it has different aspects sort of thing. one thing in the fusion industry, we have seen that the early investors and fuses have seen the high net worth texas value in this, in the us to gauge favor. it's an old man and so on. and we obviously missing that's in the ration of tech 1000000000 this some what's here in europe,
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because we also didn't built the 2 of us and microsoft and pay falls and facebook and so on in the past 20 years. so that's the gap that needs to be filled to you. i think the other topic is around mindset. kind of having, i think we still have very much risk averse. my search here in europe compared to the us. um, but this all goes hand in hand with, with that we need to put incentives someplace. so it's capital to europe. i believe we have amazing human capital here. we have quite tenants here. we have a quite industrial system here. so germany both have all the pieces here to develop the next 10. tompkins, but with the missing funding gap. it's so so impossible to commercialize those those those innovations at the end in europe. ok, i got phones with level fusion. thank you very much. thanks, steve. thanks for watching the
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to the point. strong opinions, clear positions, international perspective. her most her attack on israel is the largest mass, murder of jews since the holocaust says, israel's president, it has cast a long shadow worldwide. how will it change the middle east? that's our topic on to the point to the point next on d w. they know all weaknesses in security. illnesses and profit from them will be a bit like writes that they are experimenting uh how much to companies like google know about the most intimate secrets. and where do we draw the line? may to measure in 45 minutes on
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d w. these places in europe smashing the rank one step into a bold adventure if the treasure map for modern globetrotters describe it as some of us regular bragging sites on youtube. and also the, the most terror attack on israel is the largest mass, murder of jews. since the holocaust says, israel's president, what he called this country's darkest hour has cast a long shadow worldwide. the assault on october 7th as prompting comparisons to massacres, perpetrated by the terrorist group isis. a mass fighters killed more than a 1000. his release, including babies. children were old people, they ceased an unprecedented number of hostages. so far at least a 1000 palest.

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