one should have to make up your own mind dw, may for mine's investors are like a box of chocolates. you never know what you're going to get. a prominent example being the elf tower and hamburg. here's the vision. and here's the reality. was the story. hello, sorry, work resume to do, we can say anything. one of the various projects run into the ground by renee, thank goes signature group. so you can understand the workforce at a famous term and still maker being skeptical when another billionaire investor fancies buying a stake in their firm and their future also on this edition of made as

a super tax. the answer is a financial inequality. well, in the as new government is the big player status and what's future electric claims headed for and there might be changes i had here at germany's biggest steel maker check billionaire, daniel kuchinski is soon to buy an initial 20 percent stake in choosing crypt steel division with plans to take over a further 30 percent later, a green light for the deal would give him influence over a key player in german industry, which chosen groups deal division struggling to stay in the black and recent years . there was widespread skepticism among its workforce. probably not a serious hotness, particularly the worst possible option. i don't think it's good. all right,

and he'll give it some storm assess the situation. and at some point the company will be broken up and part of the solid off daniel kuchinski is business empire is based in an upscale neighborhood in prague. he doesn't do interviews or generally speaking, public accepts when talking on his own sports tv channel, about football club sponsored prague, another of assess cartoons. these total wealth is estimated at $9000000000.00 euros . according to company figures, his energy unit has an annual turnover of around 24000000000 euros. the lawyer turned business man made his 1st fortune from mistaken youth street, slovakia and pipeline operator that transported russian gas to austria easily entered germany. the christian sky also owns around a 3rd of the check media sector,

including the country's biggest tabloid paper list. and he's harness that power and exposure to promote his commercial interest. eager for further expansion beyond just need to check republic. he purchased a number of climate damaging leak night, fired power plants in germany, and elsewhere in the e. u. in 2016 risk investment in old technology with no other buyers. but the russian invasion of ukraine prompted a steep prize in energy prices and billions and profits for content check. and g o reset has been following curtain skis, operations, and is critical illness expansion into fossil fuel plants in the face of climate change actions. they say that will push back the development of renewable energy use for decades. they plan to build to more than 6, and you give us a full gas bar plans in italy and germany,

a great britain and also he didn't take it public. and the 2nd reason is that they are trying to pro long the operation of the coal power plant as which isn't good still works. and despite the management has made a commitment to going green, meaning no more cold and turning to hydrogen as an energy source. but it's pretend to be the right choice on that front. union representatives are opposed to the billionaires perspective involvement, citing the lack of a viable business plan. and the works council is likewise critical up. the move into stock is just the ones that have to be avoided, that we're expecting to see an industrial concept of how he envisions the green future of a steel. and they agreed to come to start the part sale to pretend sky was only approved due to the vote of the supervisory board chairman counting twice. but it's still not clear whether cartoons key will actually invest fresh money. experts

a key could simply deliver low cost electricity ditches and groups deal to the tune of $150000000.00 euros a year. is the world we live in a fair one? a world where the richest one percent of the population, almost half of the world's wealth, where the privilege to live in luxury and celebrate their good fortunes. while millions of people around the world go starving, a situation that's prompted renewed calls for higher taxes on the old for rich, and the name of justice and the quality. the precious few who have plenty of the money to have the preciousness of the growing divided between rich and poor is a major issue in modern society. we have

a 6 ration right now. that's the rich to billionaires at the top of that works in just the last decade. and we've seen the cost of living crisis that has to be voted this galleries ordinary citizens. so, but we're seeing that which getting richer and everyone worse off. and we think that's highly unsustainable, even if you have a suit, the rich you profit and lost everything society, many of them fortunate to have and haven't got money. and they don't give anything back on line really. and just a thought by people who could i speak to each time i can understand people who feel that there are other people not paying enough taxes, but excessive taxation is not going to get companies to invest money or do research should need to be innovative. and create new jobs in the future. enough to come to the shop. this is how the distribution of wealth breaks down worldwide.

in 2020 to 45.8 percent as well as in the hands of the richest one percent. just on the house of 12 and 53 percent as well. with the remaining 1.2 percent left to more than half of the global population that's getting the quality that spoke to bank types. the idea of a super tax and it's not a new concept. 40 years ago, the wealthy often faced fall high, a taxation rates been is the case. today. we had an extremely high tax this actually in country after country, the us as a good example. we often associate them with no taxes today, but before the eighty's they had very, very high marginal tax rates on the rich, reaching above 70 percent. and they had high growth also. but from the eighty's onwards we started seeing this war against progressive taxation. now that requiring calls for higher taxes for the secret rich with the debate will say reaching the us

call them. and really there's pay an average rate of 8 percent on their total income. 8 percent, that's the average they pay. so now i'm a capitalist, but uh just i want i, if you make a 1000000 bucks, great. just pay your for your share. pay a little bit of firefighter and a teacher pay more than double double the tax rate. that ability there pays the guys ult trowbridge. eureka to pay that fast. yeah. from bill gates to warren buffett. office is inside the healthy individuals. we say we could pay more hands to name tax. we know text me now. the presenting on government has proposed the introduction of a global minimum tax for the wells fully and as the efforts that g 20 is trying to create now to tax the very, very rich. and that means that all g twins has the members needs to get behind is

the invest, the c o, the investments that are absolutely necessary in gemini, they all have lower dividends. we have the wealth tax will mean losing tax revenue somewhere else due to a wealth ex, it has to be effective at global see for rich types would be international cooperation. increasingly, just how high could that tax ation rate be without causing economic damage? what other tax rates that we can go to before we start really hurting the economy? and the their estimates is, is, uh 6070 percent or above. take a far above what the rate just commonly pay in most countries as the fight against pulses he continues to devise ties of fat taxation is set to intensify the gulf between rich and poor doesn't get much starker than that in india, including financial inequality between the sexes the recent elections mean to

render moody is that to stay in power, but in a power sharing governments. what will the coalitions biggest economic challenges begin? because it promises cri new jobs and reduce poverty? india after the election. how can the new government encourage stronger economic growth? how can i drive forward education and industrialization? the country has risen to become the 5th largest economy in the world, and it will probably move up even further in the rankings. i mean, oh, estimates the i'm asked for example, the world bank. they will tend to think, sir, and i think that, you know, one thing that can be overlooked is that, invest is globally, are seeing india as the next big economic power. in terms of gross domestic product . india is know among the big global players with the g d. p of over $27000000.00.

the us is in top spot followed by china, then germany and japan, india at 3 and a half trillion us dollars has now overtaken britain. india's economy is currently growing by 7 percent per year, but relative to its huge population of over $1400000000.00 people per capita income is lower than in all the other g 20 countries. so india has a lot of catching up to do to ensure more prosperity among the wider population and to fight poverty. one problem is the low employment rate in general, and especially among women just 60 percent of men are employed and only 36 percent of women. female labor force participation g. it has always been loyal that international

levers. and even though historically in the other country, use it because the reason that it could make gold in the indian case, it has been going down in the past 2 decades. the indeed is new government, therefore, needs to invest more in the ailey school system. above all, by providing students with a good education. many of them leave school without any qualifications and teachers are often in sufficiently qualified renewal. i think we know that what you really have to do is prepare people to be lifelong. done is to be able to adjust to whatever situation and then whatever needs to be learned at that time. even among young graduates be unemployment rate is in double figures. the previous government was not able to solve these problems. but there's a lack of jobs in the manufacturing sector, in particular, the country in ports,

more goods than it exports. how could india's economy grow faster? economists like decides countries such as china and south korea as examples of china. the investment drains were between 35 to 50 percent of g d b. and that's incredible, right? almost half of gdp was invested in south korea. it was between 35 and 45. so very high investment rates. and if you invest so much, yes, you will get higher built for sure, you can get better infrastructure and better facilities that just apply conditions and method did not get. but the 2nd is that they actually did manage the structure of the transformation. in china, for example, it was possible to build up a broad industrial base when wages in the country for as low as they are currently in india. but that required extensive support programs for small and medium sized enterprises. to actually have

a package for these micro small and medium enterprises, which provides them the same kind of benefits. we are currently giving logical products that is edits on equal terms, access to inputs, access to knowledge, access to markets on other things. but i think are routinely provided in other countries, but we have not been provide. nevertheless, india is making progress in many areas in infrastructure. for example, counselors, highways, new railroads and airports have been built the last government spent $100000000000.00 a year on the infrastructure, and even more money will be needed in the future. india is also attracting more and more tech companies. investors such as apple, microsoft, samsung, and as a p one advantage. but also a challenge for the country is population growth. with over 1400000000 people in

the us population is larger than china is and will grow to 1700000000 by 2064. only then will numbers start to decline again. with an average age of $28.00, india also has one of the youngest populations in the world and enormous potential . perhaps some analysts are right in predicting that the country will experience growth over the next few decades. similar to that which began in china over 20 years ago. but above all, huge investments will be vital in order to create enough new jobs. did you know that the world's biggest spire of aircraft last year was india. aviation is responsible for around 3 percent of global emissions. i figure forecast to increase 8 fold by 2050. how about organic fuel alternatives made from

allergic or sustainably produced hydrogen electric plains are also an option. but will they ever really take off our flying reporter investigated of the with in a vision school in sweden with future pilots are being changed and flying electric plans. we, we want to sort of me the industry into something new and show that it's possible to find new products with high quality and, and bought in a sustainable like electric engine is going to be 3 times more efficient than those that he was supposed to sales and of course they don't degrade the equity during operation the papers to the ballast they fly here doesn't need much electricity. it takes around an hour and a half to charge on which is going 545 minutes. but the result of 30 percent that you get faster tough to get in the house 1st is easier. i'm ready. correct. i've got

the fast this is a super light plane, but it can only go to people with no have luggage to go. any bigger e plans are faced with a big problem. heavy batteries, even though they've been a lot of advancements in batches, we actually haven't come that far. because successful for cause roughly for an electric chevrolet boat to drive the distance a honda civic. good on a full day because you was the battery would need to be 17 times heavier and cost to stay on the ground. so the width does not have so much. but for a boeing 747 to fly from say, london to istanbul. batteries will need to be this much heavier than a full time. this just going to work, since this wouldn't be 10 times heavier than the heaviest payload ever lifted. when

you're storing energy, you need a very high level of energy density. that's good, garry, how does the apples program at the u. s. department of energy use national renewable energy lab or, and petroleum and petroleum related products or petroleum drive products like biofuels have a really high energy density. when compared to the energy density of traditional fuel batteries, they've very poorly coming in at only 2 percent. but conventional aircraft to be flying today, i've been for jet fuel. it all started with a design off. and the 1950s, they mean propeller plans the most popular at the time and still buying into it looks like this. overtime this though bye and or tube and we can design, we can vast be more efficient or clear. we know if there is, but the thing is this design has peaked in the way it's very hard to become more carbon efficient unless you squeeze even more people onto already very died plans. so governments and many of the industrial going back to the drawing board to

redesign in another 1950 style design of it's a really, really interesting time in that sense because things are up for grabs. again, this is done, but in a vision expert who looked at on the ground infrastructure to support the transition by working together with detroit. but we looked at 2 main modes of operation for doing that one, which was a battery charging system. so where the battery would remain fixed within the craft, this would be the simplest way operationally speaking. but they also found that charging would waste precious time when current air traffic relies on a quick don't around. the 2nd sort of mode of operation we looked at was a battery swapping system. and that would be where you would have pre charged x rays. and then when an across came in, you would remove the battery from the frame and then swap it with one that had already been pre charged. this would save space and time, but it would require a lot of specialization which we currently don't have anywhere. and it would be

a big risk. meddling with an airframe is always dangerous. and there's also the major risk of files from holding so many batteries in one place. the, the, i mean you can find you on what do i do if you want to go down for just take forward if you want to. thanks back those 2 issues with the 1st plans to be certified. but this is another huge challenge. ition has come back because being certified for safety. so everything takes time for r n d testing and tony for battery safety and the use long certification process. all right, thank you. although we said i don't my mother actually i've had the company than me that the district is now working on a full see the plane. and the already big ones, a plane called alice secretary 9 passenger. the 2 crew members seem to be close to commercialization, promising to fly around $400.00 to auditors. when you look at,

if you think about their existing cargo routes that use small aircraft, their existing communities, that their only connection is a as a 9 senior crap ambulances at axis. and small cargo planes also need only small across the child has all the 12 plans for low emissions postal deliveries which can help local noise and quality too. but let's put this all in perspective with everything that electrification can do. now, based on current battery check and operational challenges, a study by the international central and team evaluation estimates. but electric aircraft called govern 9 percent of the coming to markets. that slides with more than 19 passengers and distance is shorter than 500 kilometers. but this only accounts the 0.002 percent of global deviation. by 2050, the estimated could be up to 0.2 percent, which is still smaller. what am i talking about? carbon emissions. but this is purely electric. we're talking about

equals a house versions of hybrid. so you could have a series hybrid which is where essentially fuel is used to power an electric my to which then powers the aircraft. so you're using fuel to charge a battery, essentially. and then you also have local power, low hybrids, which is why you have the electric mertsa and the fuel source. so kerosene pull hydrogen, probably is being used for propulsion. i couldn't imagine this tiny play and getting much bigger in the next 2 years, but the hybrid argument really makes sense. the idea estimates that hybrids would be the next leap, navigation of the 20 thirty's, with new designs, replacing the tube and wing. and this will contribute to a 40 percent reduction and emissions by 2050. the petition is a small step, but it gives hold for the potential of the diversity of technologies that are going to need the or do you sometimes

feel overwhelmed and today's bigger boulder and busier airports. operators are eager to serve and profit from rising passenger numbers around the world. the global airlines association predict so record 4700000000 people taking to the skies and 2024 demand that requires more capacity and more construction. here's what major airports of the future could look like. india estimated cost over $825000000.00 noise. our international airport is said to be in the largest. it's being developed by swiss company flow coffins, irig, ag and bills. but our project once finished, the airport will have capacity for 70001000 just by yet. the 1st phase of the airport should be completed this year. single for estimated cost around

$10000000000.00. there will be a 5th terminal, a chunky international airport, which will boost the capacity by $50000000.00 passengers. the d 5 is expected to be a super low energy building, featuring solar panels, district cooling and thermal energy storage has a lower carbon emissions. it will also support the use of alternative fuels like the sustainable aviation fuel. the 5 will be ready to welcome travelers by mid 2030, the vietnam, estimated cost over $16000000000.00. long sun international airport is planned to be vietnam's biggest international airport in 2026. the 1st phase of the airport should be completed. when that happens, the airport can serve $25000000.00 passengers, but yeah, but once it's fully complete, it will quadruple. it's passenger capacity. a saudi arabia,

estimated cost over $50000000000.00. the king size mon international airport will be operational in 2030. it's expected to serve 120000000 passengers and then 20 years later, its passengers capacity will increase by more than 50 percent. this app board will generate 150000 jobs. british architecture from foster and partners are behind it's design, the u. e. new apple to them. another for $35000000000.00 . to buy has started work on a new terminal to create the world's largest airport. with 400 gapes it will be able to process 260000000 passengers annually. the 1st phase should be completed within the next 10 years. however, it will likely take decades to complete the entire project. the

today is addition of made, took us from billing in error investors to it versioning, indian economies ready for lift up wishing you safe travels until next time. or do i do if you want to know the

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