besides, the slow phase of government helps pull the devastates the area. one estimate puts the damage from the store being $15000000000.00, the farm. and that's it. from me and the new steam for now. maybe you can get all the news around the clock on our website, and that's dw dot com. i'm gonna have an office in berlin from me, the whole news team here. thanks for the sometimes the shawn rothschild, i choose out to the highlight for every week, not the model base up level out from g. if you can see in the middle, dasha deacon, sasha organizing reconstruction to the new houses and

renewed us. it's getting cold. the rates of holding sign and the volunteers will winter season mission kids particular seeing rebuild jobs, move indices, double the it will determine governments come to the rescue of demons, energy negotiations for a multi 1000000000 euro loan guarantee. are underway after the company posted the mazda of losses, and it's a wind turbine division, potentially at stake. germany's energy security and climate goals. also coming up farmers and producers in argentina, re up to the use toss new rules on deforestation. and it's being the

source of major pro test. now, panama government says april, hold a referendum on whether to stop a canadian company from operating a huge copper mines. this is the only business i'm take, ferguson, and thanks for joining me. the german government is considering plans to extend a mazda of lifeline to aiming power companies, demons, energy, a potential 16000000000 girls in loan guarantees is on the table. a 1000 abling the company to meet a mass of backlog and deliveries out it's gone means that wind turbine division of the company, a spin off of former parent, siemens, how space significant repair bills due to flow discovered in the turbine high borrowing rates, increasing the costs of construction have added to it. well, that's bringing crime in fullest president of the for research institute,

the critic of plans for the german government to rescue siemens energy. mr. falls to why do you think this was such a bad idea? but it's a very bad idea because it is primarily the responsibility of events, energy. it spans maybe also its power and z mens to, to finance these guarantees and certainly not the government. the trouble is when companies have issues have difficulties by time to the government and when they make profits, they've privatized those profits baptist on file, and it also sets the wrong incentives for management, inviting them to act in a very risk away. so there's no reason why the tax payer should have the events energy in this situation, the banks can do that. the parent company can answer to it. what about the idea of a level playing field? those emails is facing competitions from china, which provides most of the subsidies to it's renewables companies. surely last

thing the company language is and nobody's interest including that of the german people. well, there are ways to deal with farm subsidies if they are unfounded up to jo allows countries to levying paul terrace. so if the you things the wind turbines from china are subsidized and, and on file manner, it can raise terrace here. um, this is not so much about the competition being too tough. this is about a big on walk. in fact, the company has where it needs financing to process that all along. and it seems that banks, the parent company don't want to finance theirs because they are concerned about mismanagement in the subs that said you re gummy saw these events, energy subsidies a gummy. so it is not the tax payer's job to pay for management errors. so there's

not so much about chinese competition, it's about the management arrows at z men's energy and they should fix these things on their own. and i want to talk about those management errors though, because kamesia has a huge backlog of order as what has gone wrong here. yes. with, with, with a lot of backlog of orders, it is important to have enough financing to get those orders going to process those orders and it's standard to deed with that it's, it's a management question to make sure that how do you make sure if you take on orders, how do you make sure you have the financing to actually carry out and process these orders and for that you need to talk to your clients, you need to talk to your banks. it's a standard management job that went wrong. and now it's the most energy times to the government that's really unfair. they should fix it on their own. but there are external factors when it comes to financing,

high borrowing rates has made construction much more expensive. absolutely, and it is the job of management to adjust to those high interest rates, maybe take on a fewer orders and maybe focus on the most profitable auto, something like that. but it's certainly not. i mean, the response to high interest rates is not to get the money from the government. the high interest rates set by the central banks are a signal, maybe not to carry out on an investment projects, but to put to the sides of some, but less profitable ones. and that's exactly what the management should do. him and so it's there and you can watch the full version of our conversation on the dw z 2 channel now to some of the other double business stories making news and stay in germany where the economy contracted by 0 point one percent in the last quarter. high interest rates, a drop in private, the consumption and manufacturing slowed on all contributed to the decline.

investor news. so inflation has flowed dropping to 3 percent in october. the vs banking giant, hsbc is pre tax. earnings has more than doubled in the 3rd quarter or coming in nearly a $1000000000.00. the bank said one reason for the year on your jump was higher interest rates. earlier this year, the european union introduced tough, new rules aimed a cracking down on deforestation. under the regulation products grown online that has recently been conversate from forest to agricultural use would not be allowed into the you. the rules apply to common in ports like coffee, coke, cocoa, and for you in argentina as well as other latin american countries. the new rules has the mass with a mixed response. when eric zamora was born 31 years ago, the force here was dense. today they are drastically fewer trees in the until region of argentina, salt province,

the result of the forest station in the name of solely being farming and meet production. agriculture has changed drastically over the years. all that's left now a small natural reserve. eric zamora is an activist, he supports the new you law of advanced the import of agricultural goods from the force of the areas after 2025 become a black hawk sooner get the and then uh like many other measures, this helps me keep our ecosystem intact. that's important at a time when we're struggling with global warming. and as we lost the leafy trees that functioned as a big filter for the water. now we have flooding every year, a is the highest add to this, the rising temperatures and the impact of the use of pesticides. the regency is rising numbers in respiratory diseases and cancer in kids and adults. and yet, medium to large scale farmers from argentina, brazil, in park. why have joined forces in an effort to fight the law?

they called a protectionist. among them is portugal based aykl body. the firm owns 3500 heck doors and has cleared the 2 thirds of it over the past 25 years. me, but i $63.00 of the medicine seems that you puts up a commercial barrier and uses environmental problems as an excuse know they want to use using the deforestation argument to put pressure on prices for our continued meet. i want to come on, all the commodities are continuous. that's because whatever whole body can sell to the you, they will have to sell to other markets. what prices will be lower due to an over supply situation. now they're trying to see if they can receive emission certificates by promising to preserve the land, not get clear. it's the last resort to possibly pleasing your regulators assaulting university economy. as whole help was to pass assess the deforestation. the area over a quarter century had a devastating effect. and the regents wealth,

investigators, indigo. what do you think when i look at that, we're looking at all kinds of indicators to appraise the comic and social situation in the province, and then not pointing up the point to a clear decline. your point that i may call that, i mean build our still 15 lots in american african and asian countries, including argentine oper, zill, indonesia, nigeria and mexico has spoken out against the law. they all fear trade hood will set up by a market that use a subsidies for farmers against the market that doesn't is to panama, whereas the government says it will hold a referendum on the extension of a controversial mining project. the sites in question, a huge open pick copper mine, i find a part of my city is operated by canadian company. first quantum minerals and extension of the contract would guarantee the country and on the will income of $375000000.00. but would also give the company rights to the territory for

20 years. a prospect that has horrified environmental lives, trade union, so light musser protests continue to roy panama over a corporate mine worth around. 4 percent of the country is gdp. workers from various sectors, teachers, doctors, religious leaders, environmental this are united to demand the repeal of a contract that the low can not be in mining company. first, quantum in there was to operate the largest couple of mine in central america to a local subsidy already. mean that up on may, anybody about to potentially catastrophic environmental consequences of the operation of the mind. 5 we have seen how rivers have been degraded, how large extensions of forest have been lost, how the mind has effected biodiversity in the heart of the mezzo american biological court, or it not only impacts panama, but also the region and the planet opened in 2019

the open pits corporate upon them. a minus 20 kilometers from the car to being cost can produce $300000.00 tons of copper per year. despite the popular opposition, the government of panama has been determined to go ahead with the deal, even though it was declared unconstitutional by the supreme court of panama. back in 2021. while the president of panama has proposed that are from them on the faith of to mind, he has previously been in favor of the deal a wedding by level. the memo that is this young score like the re made the right decision. i'm fussy, not the easiest one. we will not be facing off through a difficult and complicated negotiation for more than 2 years. i know a contract was agreed to in 2023. that is, between me not upon a mazda at the end, depending on the on site that guarantee is much better to i'm seeing you and conditions for the country. so the most often the holidays that amino equal in the

ceiling. and by the advice, the terms and conditions of the agreement say that 1st quantum will pay the government 375000000 dollars each year for 20 years. with the deal being, renew vote for another 2 decades. but the opponents maintained that the new contract is unconstitutional, and that the amount is still in sufficient, especially given the environmental costs. and a reminder of the top business story we're following for you this. our german government is considering plans to extend a mazda of lifeline to alien power company. siemens energy potential, 16000000000 euros in no guarantee is on the table. and not also by show, from where you can always check out until the dot com slash business from the daily news youtube channel as well. for me and the business team here in berlin is by taking the

israel more analysis and background stories to create a sense of deja. the news provides extended coverage. what is the humanitarian situation? how can an escalation of mileage experts report from the extended coverage on the the news next on d w, the, we're all set and we're watching closely. we all seem to bring you the story behind the news. we're rolling about unbiased and mation fremont.

we say they're about never giving up every weekend on d w. the high dish panagerie's. welcome to day on the program, the following 3 stories about the east around how mos full un secretary general and tony a good time. it saves the situation in gaza. he's going desperate end of the number of civilians killed and injured is totally unacceptable. we looked at how the water is still contentions and from from the united states between jewish.