The free time, but still very much alive. Your guy to the special hot spots in germany recognizes where exactly it was fine. I have learned a lot of our culture history travel extremely worth a visit. The the west announced as long awaited curbs on high tech investment in china. The by the administration thing, the rules will be highly targeted within sensitive technologies, such as artificial intelligence, aging says that its gravely concerned in he wants to slow some of its own trade with china. In this case for draw of parts as of modernize, its military. Also on our show, the economic crisis in turkey shows no signs were bathing. Thats bad news for traditional carpet weavers. Hello, welcome to the show. Im seeing busy in berlin. U. S. President joe biden is issued an executive order banning Us Investment and chinese quantum computing advanced chips and a i technologies, citing National Security concerns. And the ban, which is have to take effect next year, will require companies to inform washington of any activities in the 3 areas. The us is intensifying efforts to stop china from having access to american technology. Aging says that it was that it is gravely concerned with abiding ministrations decision which comes as china faces declining trade and deflation. Right, for more or less, im joined by marketing, colorado. Hes a Senior Consultant of china, focus consults the scene, a linux mark you walk into the show. How serious are these newly announced measures if we look at trade flows between the us and china space. So having the um, let me makes the initial um, ups evasions. From us on the new executive order on. So 1st of all, uh, the executive order has not created and both owned investment screening ready yet. Um, but this only started the process of making increments its um in the future. So as you said next year, um is that like the timeline . So nothing is set in stone yet and how exactly the implementation will look like uh, still remains to be seen. Of the 2nd point that i want to make is that not smooth. If this has been already awaited for quite some time, so it is not entirely surprising, but this is coming off now. Its been in the works for about a year, and your team smells. Training officials have had a lot of time to engage us opinion on this, so there shouldnt be too many surprises on either side. The 3rd point that i want to make it is no guarantee that the executive board is more narrow in scope than what has been previously suggested. And, but the us congress is going to do right now with National Defense authorization act. So for example, the current was exclude biotechnology, but of course the proposed was also to give them the option to expand a to more technology area. So as a set, nothing that instead of stones, all right, so bit more narrow than some had expected or feared that you mean lots of analyzing what the us plan to do with these curves. What does that mean for the you can we expect it to do anything or implement its own curves . Yes, thanks for that question. Let me on certain into pick pocket. So let me 1st start with invitation for this. Um for your business, we dont see an Immediate Impact on your team companys investment strategies. Since the executive order already started the process of defining the rules, the industry also says the, as in the future, the us treasury is also actively seeking for comments right now. It has published a notice asking for input on specific questions. Um, one specific area that your Team Businesses im fully aware of that i want to highlight is the notice also consider some rules that are limiting us persons, regardless of whether they work in the us or in europe, from making Investment Decisions in certain technologies. But see again the implementation of this still remains to be seen in the details in terms of how this will affect european of the policy making process. Um, and obviously we have seen the us previously already pushed a trans Atlantic Partners towards adopting stricter controls and technologies that the u. S. Do use as a National Security risk of the most prominent except for obviously in the export controls on Semiconductor Manufacturing equipment. We dont expect the u. S. A to apply a similar pressure on the for the, on the investment screening 1st, getting transportation. The purpose of mind is much more important for export controls than it just for the also an investment screening. Since technology and technology, the coaches are much more direct from the exports from other countries. You to flo seconds a given um, thats a big stick of just that the union is already considering an old investment screening. What we think is the, this executive order, and how exactly the us implements the, the, all the best and speeding mites are of course, as a blueprint from the european side or from the side from the european side from new york is quite clear on thats both on the team level, the Commission Already this i could be looking into how to do a proposal. The german side also already announced that it wouldve worked with the commission into green. How does that look like . So . Yes, i think we can expect so. All right, thank you very much, monte uncomfortable to with, you know, linux a trying to consultancy firm. Thank you. Thanks a lot. And speaking of trade with china, india has been military drone manufacturers from using chinese parts as daily attempts to modernize its military. The Indian Government point pointing to security vulnerabilities alleging Chinese Technology could be used for intelligence gathering. But the band is raising the cost of manufacturing of manufacturing the weapons rather by forcing producers to source parts from other countries. Of the band only effects drones. China will still remain a major supplier for other Machine Parts over to charge the card to kate in delhi, in charge of the us military, still struggling to keep trying his military parts from its own supply network. How hard is this going to be for the Indian Military . Well stephen, the road ahead uh does look tough if, if, if india plans to persist with this policy. Uh, some experts say that 70 percent of goods in the supply chain when we talk of military drones, they are made in china. So effectively theres really no alternative. And, you know, even if in the tries to somehow effectively forcefully get china out of the picture. Then the costs we go up dramatically that estimates does suggest that the costs we go by 50 percent. So in the well have to, you know, decide review that if it is ready to go with that kind of a cost escalation to begin with. And and so what is the plan here . Does india have the manufacturing capacity or is it going to try and create the manufacturing capacity or the trade relationships to replace these parts as well . Yeah thats, thats the conundrum. Uh stephen. The thing is that india x, but say that india likes to know how to make certain types of drones, especially the kind of drugs that were talking about in this report to you. And therefore, the android relies heavily on foreign manufacturer is now the thing is, as i already said, that since china is part of the subs 70 percent, part of the supply chain of manufacturers, all the other manufacturers also do not read. You have an alternative. So then ill repose the sun manufacturer as i still importing, but even from china, and theyre basically just white labeling all of that material. So its, its a very tricky kind of situation. There are some, uh, domestics projects going on, which a government funded, but theyre running very late and theyre not really up to the mock. So yeah, its very tricky situation. There are tensions between these 2 countries. There have been flash points in recent years. How would you describe trade relations, otherwise, outside of the sort of military arena . Well, last year treat was actually blooming in spite of the tension in by that sort of dies since may 2020 since the galvan attacks. But the numbers will be by the Chinese Government in the 1st off of this, the, theyve pointed out that the bilateral trade between both the countries has decline for the 1st time in the last 2 years. Numbers say that the trade fell by 0. 9 percent. Its not a big deal, but then it is a dip. Never the less know many exploits say that this could also be because of a general slow down in the chinese economy. We know that china as well, little trade has fallen by about 5 percent, but it is also true that india has been imposing the controls in several areas in which i now had a solid road to play as far as the trade within the is concerned. And military drones being the latest example. Alright. Those charo cards. Okay. In delhi, thank you to and out of some of the other little business stories making headlines. Prophets that german shipping john hop on, lloyd plunged in the 1st half of the year hubbard, base firm, posting a net profit of 2900000000 euros. 67 percent lower than it did last year with global trade searched after the end of pandemic lock downs. Analysts say that inflationary pressures could affect the companys bottom line in the months ahead. Us inflation for july increased slightly. The 3. 2 percent year on year. Thats compared to 3 percent in june. Inflation is stable, its still above the target rate of the federal reserve, which will make its next Interest Rate decision in september. Well, in turkey and economic crisis is likely to get worse before it gets better, economist, theyre now expecting inflation to continue. Its toward pace and to august driven in part by weaker lira. The price is putting pressure on every business. And especially those that were already facing stiff costs, stiff costs competition, such as traditional carpet weavers. Take a look. Give me a gee, in the province of money such as tuck, hes compet capital for centuries. People here been weaving. Compet spy hand as the saying goes, you we the study or weve but for some time now business has been stagnating. The competition, not on the law job, but more modern and cheaper. Theres a small we even shop on the cities outskirts when crafts people have been weaving since the morning. Pratt, 33000, not so needed for one square meter, a welcome managers about 6001 shift. Today the wage is just a few years, but even could g, g only use has materials from the area. The manager says the business is tough as profits decline. Youve 2nd to shift market that have so many find out carpets too expensive because the costs are too high. And since the costs are high, carpet dealers have to raise the price. Yeah. Thats why people know only buying machine made carpet, smoking industry, a good name, reduction of how the carpet is shifting to countries like no power or india. Fresh ideas are needed. What do you mean . And a sudden that brings the handle over and comp. Its a few streets further. Ali sat like is fonda ali has worked in the business since he was a child. He examines the goods saying he knows every one of his compet. This one will be ready in a month. During that months he turns new contents into old, giving them an antique look which is popular in the united states. He lays the carpets on the road and watches them daily, so they can gather that in the 15 days they lie outside into me a g, like everywhere, kentucky, the pinch of the economic crisis is unavoidable. Inflation, unemployment and newly announced tax increases a waiting on people. Mazda the appliances are getting more expensive, rents are also rising. But were not, the only ones affected. A business man are affected as take the, the had a case where they used on you ali loves his hand, made carpets, but the handiwork is hardly worth it in the capital of carpets, especially in times of inflation. And finally, how would you spend a 1000000 and a half dollars . Thats the question for one Lucky Lottery winner in florida. Well, the identity of the winner of the Mega Millions jack pot has not yet been revealed. Youll have the choice of taking the full pay out over 30 years, or taking a lump sum of just 783000000. 00 plus tax, of course, top choice. And thanks for watching the modern days sway in spain. They came here legally to earn money for their families, back home for 16 hours a day, 6 days a week, with no contract, and no minimum wage. They look after other peoples children and never get to see their own family. Focus on europe. On the train actually in june, youre going to the 77 percent to come to i dont and 65 full was while all those top 5 years, 31 to 115. We are here to help you make up your mind. We are here on please find your mind. So all of the topics, im much it to you from. Campbell fixed a new culture. And in 15 minutes, lets say together, parts of our Community Life on the research is now on the hello and welcome to focus on your up. Its wonderful to have you with us. You might think that slavery is a ping of the past by millions of people that are