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tv   Business - News  Deutsche Welle  January 12, 2022 11:15am-11:31am CET

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that will give you access to all of the latest news from around the world as well as push notifications for any breaking news. and if you are part of a new store, you can also use the d w app to send us a photos and videos of what is happening, where you are coming up next, why the violent unrest in cars expand has raised alarm bells in china over its belt and road initiative, rob watts has details on the d. w. business coming up in just a few minutes. and don't forget to get all of the latest headlines by following us on twitter or handle their act. dw, thanks for watching. ah, we got some hot tips for your bucket list. ah,
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magic corner check hot spot for food and some great cultural memorials to booth a t w travel off we go. hello guys, this is the 77 percent. the platform for you to beat issues and share ideas. you know, on these channels, we are not afraid to talk to young people clearly have the solution. the future is 77 percent. now every weekend on d w ah, ah, catholic spans neighbors count. the cost of the unrest, china,
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a keen interest in things to fillasy in the country, which plays a vital role in regional trade. though, discuss why 2 german shipyards have filed for insolvency after the hong kong has ran out of money. now the finger pointing has begun, undergoing is good for gold prices have been rising for the past 2 decades. but we'll look at the illegal mining industry that's built up around it. is the state of the business on robots in berlin. welcome to the program. the world has watched on with concern the last 2 weeks have seen the worst violence in cassock. stan since it gains independence from the soviet union 3 decades ago. the country's importance in terms of raw materials and trade, has made the unrest of particular interest to europe and neighboring russia, and his massive neighbor to the east. china is also watching closely the core gross logistic center on the chinese contact porter shows how important kazakhstan is for
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china. freight trains set off from here in the direction of europe. cor gross is of vital link in china is built in rude initiative. and kazakstan has acted as a secure transit treasury for european market. china also relies on kazakhstan for raw materials. the country has launched deposits of copper, uranium, zinc, gold, coal, and oil. the more than 2000 kilometer among pipeline from the caspian sea pumps, 20000000 tons of oil to china. every year kazakhstan is also an important transit country for gas from turkmenistan. no wonder china is interested in its neighbors stability. while china is willing to increase co operation with kazakhstan in law enforcement and security, yet as the junk maintain the security of the political systems and regimes of the 2
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countries prevent and oppose any attempt at cover revolution and jointly opposed the interference and infiltration of any external forces in order to ensure the major cooperation between china and kazakhstan, goes on, safely and smoothly. i can enter in addition to the economic ties, there are sensitive political interests that way. kazakstan borders directly on the chinese province of tion. john, the muslim minority of riggers living there is, according to the assessment of many oppressed by china and forced into camps many of connections the kazakhstan, the current unrest in kazakhstan, spilling over the border is something that china wants to avoid at all costs. well let's get more on this from our residents, china washer. clifford kane and cliff. a great, have you on an i, the started this, china was talking about what was happening in kazakhstan as an internal issue. but
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since then, it has become a bit more vocal talking about economic support sending and possible security support. why we're seeing that change from china morning, rob, i think china has several priorities here. the 1st one is, is, is energy security. it's an obsession with china as well as with most government and complex down as a key part in the ensuring the china as an oil and natural gas. one fist of its natural gas, comes from context on or through context on past quanch's. if it's all coming through there, so they need as much stability as possible there. and i think another thing which change then is the fact that russia intervened. russia and china hubs, what you call it best, a fraction relationship. but at the moment it's a solid. is it going to ever be on there? i think the fact that russia was able to intervene meant that china was able to be a bit more vocal and how it felt about what was going on there. and also,
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as it was mentioned in the word, the word in the report, the words color revolution can have a chilling effect in china because it's always afraid of a popular uprising over throwing power. so once overturning its government in china . so once you have words like, dash, i think china is going to step up the rhetoric and i think that's what we're seeing here. there is a key strategic position there collect stan holds particularly for about and rose was what the potential impacts of belts and rows of this well, the borders nearly 1800 kilometer long with between china and cars next time. in many ways, china has been delta funny, geopolitical holland. it's got so many borders in the region. and bells and road is part of the way of obviously spreading chinese influence within those bordering countries and beyond. but also in as far as we can insure in economic stability in those places, or ensuring that it can a habit economic influence in those bordering countries. and i visited course
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a few years ago, which is one of the towns on the border between complex down in china. and it's amazing to see just how much trade goes through there and how much is going back and forth this far as europe on trains. and phrase, so this is a key part of china's belgian road initiative, and it's going to do it to make sure it keeps particularly the closest neighbors like target start like how much time and the other neighbors that can keep them as close as possible and closely matched the bells and wrote initiative. okay, clifford can and thank you very much for bringing this up to date on that. clearly, a lot of potential knock on effects for china, from situation and can extend at the moment. next, the blame game has begun. after 2 german shipyards declared bankruptcy this week, they declared themselves in self and after their hong kong owners failed to reach
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a financing deal with germany government. it brings enormous uncertainty for the size, thousands of employees and the project projects they're leaving unfinished. the global dream has room for almost $10000.00 passengers, but it's a dream that might never come true malaysian owner again. ting was set to spend 1500000000 euros on the ship, which is 3 quarter spilt, but now canteen can't service it sloane earlier. this week, m fall belton, the german shipyard building, the global dream, filed for bankruptcy to the shock of its 2000 employees. the pandemic has up ended the truce ship industry with implications for the entire holding company. for getting beer, heart profits haft in 2020 and the news wasn't any better in 2021. jennings, main business isn't resorts and casinos. it's also dealing in agriculture and real estate. the company's crews business is listed at the hong kong stock exchange. and
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it's in serious trouble with hopes for a rescue from the german government dashed. it's been looking for an investor to take over so far without success. well, let's get more on this from our correspondent in ty paid some hon. so thanks for joining us. can you just explain to us how getting shipbuilding business in germany has ended up going bankrupt midway through this mega cruise project or off that 2 german shipyards were bought by a yen ting, hong kong to build 2 vessels, global drink, which is now 75 percent complete, and one that has not been named and built plans were for the global dream to enter service the last year and the other this year. they haven't yet because of the covey restriction, apparently it's financial health, rapidly deteriorated, and this led to insolvency. genting hong kong weren't, it may not be able to meet financial obligations without the funds from the
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government and trading of you and in hong kong. i'm shares on the hong kong. stock market has been suspended since friday, and the subsidiary and the shipyards had to file bankruptcy to secure their mother . company's finance. there appears to be something of a blame game between the german authorities and getting their each saying the other one is entirely responsible for what's going on here. and what are they saying exactly all on a genteel hong kong accused are the, the state government are not to be able to provide the subsidiary or for the rescue plan as they promised. but yet at the same time, the scape state government also accused om genting, hong kong of not be able to meet some of its demands. and from the federal government level. it's the same, like the federal government asked, leant in hong kong to prepare some fund. 10 percent of the rescue funds that the federal government prepares to plan,
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but there are no agreements. so this where we are right now that they are blank ends and they are also like this on words and mouth. so it's not looking very good . this is obviously terrible news for the people that work at those 2 german shipyards. is there any hope for them or we don't know what happened to the 2 vessels, which are now complete in germany, there is a glock to right now in cruise ships. we have seen the scrapping of cruise ships, non stop. unlike the 3 largest crews, companies that we know carnival royal caribbean and norwegian gent in hong kong doesn't have the ability to draw upon reserves and the collateral of a large arm fleet. and it warned that more defaults, due to the insolvency will happen. and it's a vicious circle and doesn't look very good. okay. so mm hm. so in taipei for us, thank you very much for the update. now some of the other global business stories making the news. a judge in the us has ruled that the federal trade commission
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antitrust suit against facebook's parent company. meta john, proceed. f t c argues that the has suppressed competition. it seeks to rein in meta possibly by forcing it to spin off instagram and whatsapp. phillips says it expect last quarter's profits to drop by 40 percent to 650000000 euros. it was hit hard by a recall of ventilated respiratory devices during the period. and recent years, the dutch company has sold it's electronics business to focus on medical equipment . now if you invested in gold at the start of the millennium, you've had a good couple of decades. it's more than quadrupled in value. but with booming prices has come. a booming trade in illegal mining, it's an underground industry that is getting ever more sophisticated. yano. mommy is the largest indigenous reserve in all of brazil. it's the size of portugal,
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reaching far flung areas of the territory can be time consuming and complicated, so illegal. gold miners use planes to transport, prospectors and equipment. the price of gold makes the associated cost worth it. the value of an ounce of gold has gone up from $400.00 in 2002 over $1800.00 announced today. and so there are hundreds of little gold mine sort of emerged in the last couple of years. indigenous rights groups are angry and they say 20000 minors are present in yano. mommy, the government says it's closer to $3500.00. with my intent is to at some point, obviously with a helicopter to land in a minute area. we are not going to arrest anyone, it will not be an operation to inspect the legal mind, and i just want to talk to them in the way they lived there. so we can have an idea of how goldie extract with global schedule. since those comments brazil's
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environmental regulator, e bama, has ramped up efforts. last september, it closed 59 air strips, 5 helicopter pads, and 3 river ports on the reserve and destroyed equipment by setting it ablaze. despite its efforts, illegal mining continues, devastating the land, the government is meant to protect. so that's all from me on the been a team here in berlin for now. but if you do want a bit more from us, you can head over to our web site, d, w dot com slash business. they can also seek us out on the de dwayne use youtube channel android on facebook as well with d, w dot business until next time. he took half. ah, keeping an eye on grandma, china's seniors are well monitored by robots. but are they also well taken care of?
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it's a matter of perspective. china is using robots to help the elderly because many of them live alone in need contact. but is this model the right solution? close up. next on d, w. o senators, if grades only the p couple available to go over and over and that's and home the fours. i include them, hold on, i miss him and that we can member to address that mr. bottle, mr. the valley that the last dragons in the subordinate had called to home for 2 years, take over your books on, in the caring for the elderly and china. this is the vision of things to come. the data of
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