foreign policy principle, putting business first, not military power, was suddenly, it looked like weakness. chancellor olof shulz promised dramatic change. my guest is the state secretary for cooperation niels annen. so has germany got a new strategic vision? niels annen, welcome to hardtalk. thank you. pleasure. it is great to be here. let s start with the war in ukraine. i think there is no doubt that putin s invasion of ukraine shocked germany. would it be fair to say it has also destabilised germany? no, i don tthink destabilised germany? no, i don t think so destabilised germany? no, i don t think so but destabilised germany? no, i don t think so but it - destabilised germany? no, ll don t think so but it certainly shocked germany because a lot of our economic model was based on the assumption that we would continue using cheap russian natural gas and it was also based in a kind of historic, i want to say historic experience that although russia was a competitor an
policy making principle putting business first, not military power well, suddenly it looked like weakness. chancellor olaf scholz promised dramatic change. my guest is state secretary for economic cooperation niels annen. so, has germany got a new strategic vision? niels annen, welcome to hardtalk. thank you. pleasure. well, it s great to be here. let s start with the war in ukraine. i think there s no doubt that putin s invasion of ukraine shocked germany. would it be fair to say it has also destabilised germany? no, i don t think so. but it certainly shocked germany because a lot of our economic model was based on the assumption that we would continue using cheap russian natural gas. and it was also based in a kind of historic, should i say, historic experience that although russia was a competitor and an enemy in the cold war, it was always also, in economic terms, a quite reliable partner. and i think that was somehow, you know, seen as a constant policy. and we did n
my guest is state secretary for economic cooperation niels annen. so, has germany got a new strategic vision? niels annen, welcome to hardtalk. thank you. pleasure. well, it s great to be here. let s start with the war in ukraine. i think there s no doubt that putin s invasion of ukraine shocked germany. would it be fair to say it has also destabilised germany? no, i don t think so. but it certainly shocked germany because a lot of our economic model was based on the assumption that we would continue using cheap russian natural gas. and it was also based in a kind of historic, should i say, historic experience that although russia was a competitor and an enemy in the cold war, it was always also, in economic terms, a quite reliable partner. and i think that was somehow, you know, seen as a constant policy. and we did not really realise that it s not the soviet union any more. it s a brutal dictator and an unpredictable dictator. but what you ve just described is a very big de
to discuss, not least the ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down the chinese spy balloon and flaming tensions in the south china sea and also joe biden ramping u
South africas battered economy tries to recover from a double downgrade, but it wont be easy especially trying to borrow money from its internationalfriends. And all on board. Yep, how a group of enterprising berliners, fed up with paying ever more for their daily Train Tickets clubbed together to crowd fund their own train line. Were going to take a ride with them. Welcome to World Business report. Im aaron heslehurst. Welcome to the programme. If you give me your eight minutes, i will give me your eight minutes, i will give you an exciting snapshot of the world of business and money. We will start south, south africa in that. As South Africas president jacob zuma celebrates his 75th birthday, festivities may be rather more low key than usual. In less than a week, the countrys members of parliament are scheduled to hold a vote of no confidence against the president. Why . Well it comes after he ousted some of his key political opponents in a recent cabinet reshuffle. Today, members of