the people kind of go through the process as long as they have of would be if you're in good connection. in return, germany's entering talks with nigeria aimed at establishing unacceptable quoted for legal immigrants. but this requires a joint agreement, which is likely to take time to this as the domain is live from berlin, stick around business is coming up next season by the interest, the global economy, our portfolio dw business be here's a closer look at the project to analyze the flight for market dominant get a step with dw business beyond cream was like a step in point to, you know, 5 or 2 into that warranty wants to finish your studies. now you have

a safety for me to train. you can choose to go back or somewhere else currently more people than ever on the world wide in such a base in life categories. something that is come in very, very sense. and yeah, can we learn more about or know when a story info, migraines, the 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, react to the use tough new rules on the far station and it's been the source of major protest. now, panama government says april, hold

a referendum on whether to stop a canadian company from operating a huge compromise. this is the only business i am take, ferguson, and thanks for joining me. the german government is considering times to extend a mazda of lifeline to aiming power companies, demons energy, a potential 16000000000 euros in loan guarantees is on the table. a 1000 a bring the company to meet a mass of backlog in deliveries audits. gun means that wind turbine division of the company, a spin off of former parent, siemens, how space significant repair bills due to flow of discovered in a turbine high borrowing rates, increasing the costs of construction have added to it. well, that's bringing increment force president of the for research institute, the critic of plans for the german government to rescue siemens energy. mr. foster,

why do you think this is such a bad idea? but it's a very bad idea because it is primarily the responsibility of events, energy, uh, it spans maybe also its power and z mens to, to finance these guarantees and certainly not off the government. the trouble is when companies have issues have difficulties by time to the government, then when they make profits, they 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 to 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 humans is facing competitions from china, which provides mass of subsidies to its renewables companies. surely the last thing the company language is and nobody's interest including that of the german people.

well the a ways to deal with farm subsidies if they are unfounded up to jo, allows countries to levy and paul terrace. so if the you things the wind turbines from china are subsidized and then 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 autumn 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 subsidies since you already 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. i want to talk about

those management hours though, because co mesa has a huge backlog of order is what has gone wrong here? yes. with, with, with the log back block 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, and process these orders and for that you need to talk to your clients, you need to talk to your bank. so it's a standard management job that went wrong. and now is the most energy times to the government? um that's really unfair. they show to fix it on the wrong. 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 what those high interest rates may be, take on a fewer orders and maybe focus on the most profitable or something like that. but it's certainly not. i mean, the risk amongst the high interest rates is not to get the money from the government. the high interest rates set by the central banks are a signal that maybe not to carry out on an investment project. spot to put to the sides is some but less profitable ones, and that's exactly what the management should do. payments loose 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 a manufacturing slowed on all contributed to the decline. investor news, so inflation has flowed dropping to 3 percent in october

versus banking joint. 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 and cracking down on deforestation under the regulation products growing online that has recently been conversate from forest to agricultural use would not be allowed into the u. the rules apply to common in ports like coffee, coke, cocoa, and for yeah. in argentina, as well as other latin american countries. the new rules has the mass with a mixed response. or when every 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 um, 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, and so we lost the leafy trees that functioned as a big filter for the water. now we have flooding every year. a know if the thought of how you 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, and part of 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. but i 63. the co medicine seems that you put some. ready commercial barrier and use of environmental problems as an excuse, know, they want to use using the deforestation argument to put pressure on prices for our continued meet. i wouldn't go more of the commodities. i've seen this. that's because whatever i've told by they 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 regulators. assaulted university economists who have was to pos, says the deforestation. the area over a quarter century had a devastating effect in the region 12th and by samuel's indigo. what do you think when we looked at they were 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 field trait hood will set up by a market that use a subsidies for farmers against the market. that doesn't it's depending on where the government says it will hold a referendum on the extension of a controversial mining project. the sites in question a huge open pit compromise night side of panama city is operated by canadian company. first quantum minerals and extension of the contract would guarantee the country an annual income of $375000000.00. but would also give the company rights to the territory for 20 years. a prospect that has horrified environmental lists trade union. so like a muscle protests continue to roy panama over

a copper 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 laws that cannot be in mining company. first, quantum minimizes to operate the largest popular mind in central america to a local subsidy already mean that up on many worry about to potentially contest jessica 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 core door. 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,

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 put onto him on the fate of to mine, he has previously been in favor of the deal quite in by was little the mom on that is this young girl like the re made the right decision, plus the not the easiest one will not be facing after a difficult and complicated negotiation for more than 2 years, i knew a contract was agreed to in 2023. that is between mean that upon amount at the end, depending on the on site, that guarantee is much better to i'm seeing you and conditions for the countries that the most often the holidays that amino equal and the ceiling bye, that 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. the reminder of the top business story we're following for you this. our german government is considering plans to extend the mazda of lifeline to alien power company, siemens energy potential, 16000000000 euros in loan guarantees is on the table. and also by show, from where you can always check out to delete. com slash business, we're on the daily news, youtube channel as well. for me on the business team here in berlin is by taking the xerox forgotten children for us on their

father's members of isis. barton for in prison. and so they are forced to work together. they search for usable things. they are societies outcasts, this rep collectors of most of those next on d, w, a pulse the beginning of a story that takes us along for the ride. it's about the perspective, the culture in formation. this is dw news, w. mine's world in progress.

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