i find out best documentaries on you to see the world, the subscribe. know to dw talking entry, 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. so why for work resume? you do we can say anything. one of the various projects run into the ground if i renee. thank goes take next group. so you can understand the workforce at a famous term and still make are 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 answers of financial and equality. well, in the as new government two's the big player status and what's future electric claims headed for it. there might be changes i had here at germany's biggest deal maker check billionaire daniel kuchinski is soon to buy an initial 20 percent stake in choosing crib 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 with truce in groups deal division struggling to stay in the black and recent years. there was widespread skepticism among its workforce. not a serious on the project lead. it was possible option to sell i don't think it's

good. all right, and he'll give it some storm assess the situation. at some point the company will be broken up and possibly sold out. 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 spotter, prague, another of his assets christian's keys, total wealth is estimated at 9000000000 euros. according to company figures, his energy unit has an annual turnover of around 24000000000 bureaus. the lawyer turned business man made his 1st fortune from mistaken youth street. as the rocky and pipeline operator that transported russian gas to australia easily entered germany. the christian sky also owns around

a 3rd of the check media sector, including the country's biggest tabloid paper blast. and he's harnessed that power and exposure to promote his commercial interest. eager for further expansion beyond is need of check republic. he purchased a number of climate damaging leak night, fired power plants in germany, and elsewhere in the e. u. in 2016, a risky investment in old technology with no other buyers. but the russian invasion of ukraine prompted us the prize in energy prices and billions in profits booker tents, check and g o reset has been following curtain skis, operations, and is critical of as 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'll be give us

a fuck as far 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 that's interested in groups deal works and to support the management has made a commitment to going green, meaning no more cold and turning to hydrogen as an energy source but is pretend sky 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 of the move into stock is just the ones that have to be avoided. that we have expect him to see an industrial concept of how he envisions the green future of a steel agreed to come to start the part sailed to pretend sky was only approved due to the vote of the supervisory board chairman counting twice. but it's still

not clear whether cartoon scheme will actually invest fresh money. experts say he could simply deliver low cost electricity to chosen 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 many who have preciously sold. the growing divides between rich and poor is

a major issue in modern society. we have a situation right now. that's the rich to billionaires, as couple that works in just the last decade. and we've seen the cost of living crisis that has to go to the, the salaries of ordinary citizens. so, but we're seeing that rich getting richer, and everyone worse off. and we think that's highly unsustainable. i mean, you have the super rich, you profit, most everything society, many of them fortunate to have inherited money and they don't give anything back on line really in just a song by the 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. well enough to come to the shop. this is how the distribution of wealth breaks down worldwide.

2020 to 45.8 percent as well as in the hands of the richest one percent. just the house of 12 and 53 percent as well. with the remaining 1.2 percent left to move in half of the global population the scanning the quality that spoke to by any type of the idea of a super tax. and it's not a new concept. 40 years ago, the wealthy often faced for high a taxation rates. when is the case today? we had an extremely high tax is actually in country after country the us as a good example. we often associate them with no tax us 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 own words, we started seeing this war against progressive taxation. now that requiring coals

for higher taxes for the seat, the rich with the debate will say reaching the us call them and believe there's pay an average rate of 8 percent on their total income. 8 percent, that's the average they pay. 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. a firefighter and a teacher pay more than double double the tax rate. that a 1000000000 there pays. and some of these guys, oh trowbridge, are you good to pay that fast? yeah, from bill gates to warren buffett office. you can try to healthy individuals. we say we could pay more. hence the name tax. we now takes me now to personally and 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 or teach one says that the members needs to get behind is the invest your, the investments that are absolutely necessary in gemini, they will have lower dividends. we have the wealth tax will mean losing tax revenue somewhere else due to a wealth. exodus stuff in this to be effective at global see for rich tax 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 stop really hurting the economy? and the their estimates is, is, is 6070 percent or above. take a far above what the rich is currently pay in most countries as the find tickets puppets. he continues to buy types of fed tax ation is set to intensify the gulf between rich and poor. it doesn't get much darker than that. any india,

including financial inequality between the sexes. the recent elections mean the rental mode is set to stay in power, but in a power sharing governments. what? well the coalitions biggest economic challenges begin is it promises to create 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 con, p or the looked is that invest is globally, ah, seeing india as the next big economic power. in terms of gross domestic product.

india is now among the big global players. with a g d p of over $27.00 trillion dollars. the us is in top spot followed by china, then germany and japan. india, a 3 and a half trillion us dollars has now overtaken britain. use economy is currently growing by 7 percent per year. but relative to its huge population of over 1400000000 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. a

female labor force participation g. it has always been lower than international levers. and even though historically in the other countries are because the reason the economic growth in the indian case, it has been going down in the past 2 decades. indeed, as 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 done 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 imports 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 range were between 35 to 50 percent of g b. and that's incredible. that 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 would get higher growth for sure. you get better infrastructure and better facilities that just apply conditions and better developed it. but the 2nd is that they actually did manage the structure, the transformation in china, for example, if 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. the 2 actually had a package for these micro small and medium enterprises, which provides them the same kind of benefits we have done and leaving logical products that is collected 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 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's 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. an 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 forecasts to increase 8 folds by 2050. how about organic fuel alternatives

made from allergic or sustainable produce hydrogen electric plains are also an option. but will they ever really take off our flying reporter investigated with an a v as in school in sweden where future pilots are being changed and flying electric lands. 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 choose. and of course, they don't degrade the quantity during operation. the purposeful rebel as they fly here doesn't mean much electricity. it takes around an hour and a half to charge on which is going 545 minutes with the result of 30 percent patchy . i get fast, tough to get in. so ask 1st is easiest i'm

ready. all right, let's go the . 7 as fast this is a super light plane, but it can only go to people with no have luggage to go any bigger e plans of face with a big problem. heavy batteries, even though they've been a lot of advancements in patches, we actually haven't come that far. we've cross, especially for cause roughly for an electric chevrolet boat to drive the distance a honda civic goods on a full day because he was the battery would need to be 17 times have you and cause to stay on the ground. so the width doesn't match us 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 cons works and so this would 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, head of the apples program of the u. s. department of energy is national renewable energy lab and petroleum and petroleum related products or petroleum. dr. products like biofuels have a really high energy density when compared to the energy density of traditional fuel batteries. they have very poorly coming in at only 2 percent. but conventional aircraft, we fly and today i've been is for just use it all started with a design off. and the 1950s, they mean propeller plans the most popular at the time and still by an end to it looks like this. overtime. this though, bye in or tube and we can design became vastly more efficient. okay. 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 and 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 looks 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 down around the 2nd sort of mode of operation we looked at was a battery swapping system. and that would be way 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 the one that had already been pre charged. this would save space and time, but it would require

a lot of specialization that was required and you don't have anywhere. and it wouldn't 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. yeah, i mean, you can find you on what do i do if you want and also go down for just take forward. if you want to take it back to this room with the 1st pains to be certified, but this is another huge challenge. ition has compared to cause being certified for safety. so everything takes time for our indeed testing, including 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 kilometers. 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 plans also need only small across the child has or the 12 plans for low emissions postal deliveries which can help local noise and quality too. but let's put this all in perspective. ready with everything that electrification can do now, based on current patrick check and operational challenges, a study by the international center on team evaluation estimates. the electric aircraft could cover 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 company issued by 2050, the estimated could be up to 0.2 percent,

which is still small. 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 a cool power low hybrids, which is why you have the electric lights up and the fuel source, so kerosene to hydrogen, probably is being used for propulsion. i couldn't imagine this tiny plan 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 2030 is the 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 us 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 in 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 switch 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 50 terminal, a chunky international airport, which will boost the capacity by 50000000 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 2030th 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 reports. 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 gates. 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 the addition of made took us from billing in error. investors to infer joining indian economies ready for lift up wishing you safe travels until next time . what do i do if you want to know the

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. this is data we news long from berlin, russia and north korea sign, a strategic partnership on security side of our improvement, kim jones, and also agree to expand our trade and cultural time as, as boot and makes his 1st official visit to north korea. in 24 years, also coming up boeing's boss, public, we apologize as to relatives of victims kills and crashes involving the company's plan. but maybe you're not convinced the company's culture will improve any time soon.