as all the latest news information, any time you want on our website, that's s d w dot com. you can get the very latest coming through on our social media feeds as well. you the handled there at the universe bind terry martin for me and all of us here at the the leaders team. thanks for watching the base not rubble out from g. if you can see in the middle, dasha deacon, sasha organizing reconstruction to the new houses and

renew. last it's getting cold. the rates of holding sign and the volunteers will winter season mission. kids tick, nursing rebuild jobs, move indices, dw, the will determine governments come to the rescue of demons, energy negotiations for a multi 1000000000 euro loan guarantee are under way off of 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 mass of lifeline to aiming power companies, demons energy, a potential 16000000000 girls in loan guarantees is on the table. a 1000 a, bring 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 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. it spans maybe also it's parin, z men's 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 privatize 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 and the date in this situation. the banks can do that, the parent company can so do it. what about the idea of a level playing field though? siemens is facing competitions from china, which provides mass of subsidies to it's renewables. companies. surely the last

thing the company languish is and nobody's interest including that of the german people. well that all a ways to deal with farm subsidies if they are unfair that i've been to, jo allows countries to levy and paul terrace. so if the you things, the wind turbines from china are subsidized and then on 5 minor it's 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 on long. 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 mence,

energy and they should fix these things on their own. i want to talk about those management hours though, because companies uh has a huge backlog of order is what has gone wrong here? yes. with, with, with the log back lock 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 it. 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 banks, 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 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 what those high interest rates may be . take on a fewer orders and maybe focus on the most profits about the auto, something like that. but it's certainly not. i mean, the response to high interest rates as 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 investment projects, but to put to the sides is some but less profitable ones. and that's exactly what the management should do. payments. who'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

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 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, on soil. yeah. in argentina, as well as other latin american countries. the new rules has the mass with a mixed response. so 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 who 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 that we lost the leafy trees that functioned as a big filter for the water. now we have flooding every year, the like the highest to add to this, the rising temperatures and the impact of the use of pesticides. the regency is rising numbers and 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. i called body the firm,

owns 3500 hectares, and has cleared the 2 thirds of it over the past 25 years. me bicycling the 3 of the medicine seems the 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 wouldn't go more of the commodities. i've seen this. that's because whatever i pull by they can't 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 cleared. it's the last resort to possibly pleasing the regulators assaulting university economists who have, who still pos says the deforestation in the area over a quarter century had a devastating effect in the regions. wealth investigators, indigo. or do you think when we look at that,

we're looking at all kinds of indicators to appraise the comic and social situation in the province. they're not pointing up, they point to a clear decline. don't pointed on the quote at any bill that was 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 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 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 my so protests continue to roy panama over at cooper 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 of cannot be in mining company 1st quantum minerals to operate the largest couple of mine in central america to a local subsidy already. mean that up on anybody 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. have 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 from them on the fate of to mine, he has previously been in favor of the deal of what insight was little more. that is this young score like the re made the right decision. fussy, 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 but to terms and conditions for the countries that the most often the holidays that amino equal and the ceiling 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. 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 not also by show from where you can always check out until the dot com slash business for on the daily news youtube channel as well. for me and the business team here in portland is by taking the

superstition reality. they are assigned to this day, the dw reporter causing him. it follows in the footsteps of her and sister who is at stake is the knowledge here, which is really a thing of the past on d. w. a pulse the beginning of a story that takes us along for the ride. it's about the perspectives, the culture and formation. this is the w news. w mines.

we say they're about never giving up every weekend on d. w. they fly through the air on broomsticks, the cast spells, conjuring both good and evil. that can be hideous, in frightening or sassy, seductive and downright sexy. which is the main stay in western pop culture. but jokes and entertainment aside being labeled, which can still get you killed. imagine you find out your ancestor with which at least they said she was

a witch. apparently she poisoned.