Google Speech-to-Text API Automatic Transcription (Chirp). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:04in
00:00:06a
00:00:10Hello, of you're of watching TRT World, I'm
00:00:15of a a of Lequ, a reminder of our top stories: of Iran says it's reached an understanding with
00:00:17of Oman a route for ships transiting the straight of Homoz. However, Tehran
00:00:21has also warned that the agreement does not guarantee safe
00:00:24passage through the straight
00:00:26of due to the US naval blockade. Officials in Washington had. for an
00:00:30agreement to open the straight happening this week.
00:00:33a Mr. Trump saying talks with Iran are ongoing despite Teran
00:00:37denying holding direct negotiations with the
00:00:40US. I can say that the
00:00:43latest situation is that almost all
00:00:46of the topics are under
00:00:47of discussion, the map, the
00:00:49of transit roots, the entering and exiting of maritime traffic,
00:00:53and those by literal site agreements with Oman, because it's not
00:00:57just map, these fundamental agreements with Oman.
00:01:05of and they said please don't do it let's
00:01:09talk and then
00:01:10of they don't they said we never said
00:01:12of that you know what the fake news knows they did say that
00:01:16but we are talking let's see what happens
00:01:19Israel's continued challing in southern Lebanon has wounded at least four people in
00:01:23overnight strikes the attacks come after
00:01:26in two Israeli
00:01:27of soldiers were killed in a landmine explosion in majd. Salem, the
00:01:31strikes
00:01:31in also hit targets inside designated pilot zone. All of this
00:01:35taking place whilst
00:01:37of delegates from both countries are in Rome discussing the
00:01:40in next of phase of a gradual Israeli withdrawal from southern Lebanon under
00:01:44a USB broker mechanism. The Ukrainian
00:01:48president Volodimir Zelensky has once again appealed to European
00:01:52allies for urgent support following Russian strikes.
00:01:55Mr. Zelensky says Moscow wants to further
00:01:58of escalate the conflict with...
00:02:02of of missiles, at least 20 people of have been killed and dozens injured in Russian attacks across Ukraine since
00:02:06Wednesday. And Myanmar's leader is in
00:02:10Thailand on an official visit as
00:02:12of Bangkok pushes for
00:02:14of re-engagement with its wartorn neighbor and the regional block Asian.
00:02:18Its leaders have been barred from ASEAN
00:02:20of summit since 2021, when Ming Hang
00:02:23staged a coup against the elected government of
00:02:26of
00:02:26of Angsansuchi. It led to a civil war that killed an estimate.
00:02:30100 thous people. The news continues
00:02:34me right here on TRT
00:02:38of World.
00:02:46a
00:02:47of
00:02:56of
00:03:04of
00:03:13Asian stock markets decline as the tech rally
00:03:16in loses
00:03:18of a of momentum while oil prices stabilize,
00:03:19of of in meanwhile new US curves on Chinese AI transceivers deepen global
00:03:23tech divisions and
00:03:25of we explore how drone strikes targeting Russia's top online
00:03:28marketplace are disrupting chains and threatening thousands
00:03:31of small
00:03:32of businesses. hello, i'm with the latest business news here on TRT
00:03:36World.
00:03:40of
00:03:50of of Asian markets will mostly down on Thursday with tech
00:03:54stocks back under pressure
00:03:56of after a 4-day rebound. South Korea's tech heavy cosby
00:04:00losses slipping 5% dragged by SK Hinix, Samsung Electronics
00:04:04and Sol semiconductor. In Japan, Soft Bank Group
00:04:08dropped 4%, while chip equipment Maker Tokyo Electron fell
00:04:11more than 5%. And Taiwan's TSMC, the world's
00:04:15largest contract chip manufacturer was also
00:04:181.6% lower. The pullback follows a
00:04:21of week's session on Wall Street
00:04:23of overnight which saw shares of SpaceX and ADM stumble
00:04:26after their quarterly earnings. As
00:04:29of magnificents. when stocks struggled, the Dow Jones rose to a fresh
00:04:33all-time high for a third straight session. Meanwhile,
00:04:37of oil of traded in tight range as Iran and Oman reached an agreement
00:04:41a shipping route through the straight of, fueling expectations of
00:04:45increased energy flows through the critical waterway. Brent
00:04:48in Crude held below $80 a barrel, its lowest level in three
00:04:52weeks. For more on this, let's speak to Milad
00:04:55of Azarin Beirout. He's a market analyst at XTB Menner.
00:04:59Welcome back to. program mulad: now Asian semiconductors took a sharp hit on
00:05:03Thursday after a
00:05:04in brief rebound, is this pullback simply routine
00:05:07of profit taking or our investors growing increasingly
00:05:10concerned about? earnings
00:05:13growth, good morning, thanks for
00:05:17having me today, yes we saw at the the first
00:05:20break that space x and
00:05:23abm took a little bit of it because
00:05:27the disappointing result after that we saw last night
00:05:31sandx and the semiconductor sectors
00:05:34and wester western digital disappoint the
00:05:38market again that's why we saw this downturn
00:05:42in the Asian market and especially in the cosp
00:05:46market, in the south korea market, we saw skyx,
00:05:50samsung and other companies going into their red, because of
00:05:53those results, we can see that it's more than profit
00:05:57taking, more than the deterioration the
00:06:01basics of this sector right, and south korean
00:06:05chipmakers in particularly have been most vulnerable
00:06:09recently, what does that signal about investor confidence in the?
00:06:12stocks that have led the AI driven market rally this
00:06:15year? yeah, it's normal
00:06:19after every boom, there is bus a little bit, we can see
00:06:22that first the
00:06:24since year cosp took a very long term of a
00:06:28bullish momentum after that very normal to get some
00:06:32retracement before continuing this bullish momentum at the
00:06:36end we can see that the inflation a way or
00:06:39another is weighing on those stocks, but the end this
00:06:43sector is still a good position to continue this
00:06:47bullish momentum at the long term and despite weakness in the
00:06:51magnificent seven and major tech names Dow Jones hit
00:06:54another record high on Wednesday is the US
00:06:57market seeing a broader uh sector
00:07:01rotation away from technology into traditional
00:07:04industries? yeah,
00:07:08this is very good question, in the last few weeks we so...
00:07:12revaluation the AI company, the tax sector
00:07:16and we saw that the data from the US, the real
00:07:19economy is still doing well from the ISM non
00:07:23manufacturing to another ISM manufacturing, all the
00:07:26data are saying that the US company still
00:07:30strong, the US sorry economy is still strong, so
00:07:34on the long term we can see that the investor are rotating from the
00:07:38AI sector that need some revaluation to the
00:07:41real world sector and the real
00:07:45manufacturers right, and meanwhile Iran and Oman have said they've
00:07:49reached an agreement to secure shipping through the straight of Romas, but
00:07:53Crude is still holding at around $80 a barrel, does this suggest
00:07:57traders remain unconvinced that the lower geopolitical
00:08:00tensions will translate into lasting increase in global
00:08:04oil supplies? yes we can see
00:08:08even if we see a real some agreement it's show to
00:08:12agreement at the end between Oman and Iran, we did not see the
00:08:16finish the war between Iran and the US, there is
00:08:20lot of misunderstanding about
00:08:23this agreement and this negotiation, so what we
00:08:27can say here that the investor, no, they are not
00:08:30really convinced that the market will be
00:08:34like before the war, we can even if the war
00:08:38stop after two days, one week, we need more than six months.
00:08:42to regain uh the production, to regain uh the
00:08:46uh export level before war.
00:08:49all right, interesting insights there. Milad azar market analyst at XTB,
00:08:52mena, thank you very much for speaking to us. Thank
00:08:56you. China has retaliated against the latest
00:09:00US tariffs announced by President Donald Trump two weeks ago. It's
00:09:04imposing export controls on US made drones and sanctioning six
00:09:08other companies, saying the US has harmed China's legitimate rights
00:09:11and and economic interests, as Em Bots
00:09:14reports. Traffic here
00:09:18a US port continues as usual, but shipments from
00:09:22China may soon become less frequent. That's after Beijing
00:09:26announced retaliatory measures, just days after the US imposed
00:09:29fresh duties on China and 59 other countries. The
00:09:33US says the countries on the list are those accused of violating labor
00:09:37laws. For China's officials, it's a step too
00:09:40far. China's position on
00:09:44China, US economic and trade issues is consistent
00:09:48and clear. We oppose all forms of unilateral
00:09:52tariff measures, tariff wars and trade wars are not in the
00:09:55interests of any party. But China has now imposed more
00:09:59export controls on US drones, their components, and related
00:10:03technology. They've also imposed counter measures on six US
00:10:06businesses, including biotech company applied DNA sciences
00:10:10and geoscience research firm.
00:10:12from stratum reservoir. China says those on the list support US
00:10:16sanctions related to Shinjang. They've also said Washington is
00:10:20willfully seeking to suppress Chinese companies. Last year the
00:10:24US China. tariif war continued escalate month by month,
00:10:27what began as baseline tariffs of 20% each incrementally
00:10:31got higher. the US began with a tariff in February which it
00:10:35described as punishment for fentinal flow into the US, with
00:10:39China responding on US agricultural goods. the peak the tariff
00:10:43war was in April with Trump announcing what he called liberation
00:10:46day, hitting China's goods with
00:10:48125%. China then counted,
00:10:52imposing 125% duties on all US imports
00:10:56eventually on May 14th,
00:10:58both nations agreed in Geneva to reduce reciprocal
00:11:01surcharges. Washington is yet to respond to this latest
00:11:05Chinese move, but there are fears of another tit for tat
00:11:15as
00:11:15the United States and China race toward technological
00:11:18self-sufficiency, the world is witnessing the emergence of two
00:11:21increasingly separate AI and technology supply.
00:11:25chains. The US is drafting a ban on Chinese-made optical
00:11:28transceivers for American AI data centers. They act
00:11:32as high-speed connectors between AI chips, enabling the
00:11:36massive data flow needed to train and run AI
00:11:39models. Companies in the US, Japan, Europe and Taiwan
00:11:43are leading the market. China is scaling up fast but still
00:11:47depends on foreign technology for top tier components and
00:11:51equipment. Washington is steadily expanding restrictions.
00:11:55to block China from accessing critical strategic technologies like
00:11:59advanced AI chips, semiconductor manufacturing tools,
00:12:02robotics, drones and next generation telecommunications
00:12:06hardware to slow down Beijing's technological
00:12:09progress. And for more on this, we're joined by Abdul Wahab
00:12:12AUB, he's head of TRT well's a digital desk. Hi, Abdul
00:12:16Wahab. Now, how severely could a ban on
00:12:19Chinese-made optical components disrupt American tech
00:12:23giants building out next. generation data centers,
00:12:27well taba, the optical transceivers or the photonic
00:12:30like silicon photonics is the next big thing in
00:12:34AI infrastructure build out, is the next bottleneck
00:12:38basically, because just to put in context,
00:12:42as data center rapidly grow and advanced AI
00:12:45chips go into hundreds of millions and eventually to
00:12:49billions, the transformation the data, the communication
00:12:53between these chips, is crucial because so
00:12:57far has been done by coper, that's why coper prices have
00:13:00skyrockets recently, and now but that's not enough, because that burns a lot
00:13:04of energy, lot of um and the models become less
00:13:08efficient, so with this new technology with now
00:13:12light is going to be the communicator between tokens, between
00:13:16informations on chips and this is that's why it's so
00:13:19critical for both countries uh on this now
00:13:23US, Japan and Taiwan are leading in this, so US trying
00:13:27this uh new uh, let's say bottleneck, trying to have
00:13:31a leadership and trying to prevent China from reaching it
00:13:34uh,
00:13:35at least trying to gain time on this, and of course short term is going to
00:13:39increase fast uh the prices of data center build out in the
00:13:42US, but long run the strategic uh thinking of us is
00:13:46that uh as much as possible we delay
00:13:50China uh have access into this we're going to keep dominating
00:13:53the sector. so how long will it take for Beijing to
00:13:57achieve complete supply chain independence across critical hardware
00:14:01manufacturing? well - so far the
00:14:05both US and China are lot intertwined basically,
00:14:08it looks like both of countries uh are creating their
00:14:12own indigenization let's say the
00:14:16AI critical infrastructure so because that's
00:14:19crucial to better models to better robots
00:14:22to better uh satellites tomorrow. and all
00:14:26other components, but uh so far uh China
00:14:30uh both countries b are leading, China is leading massively
00:14:34on rare earth which is critical on everything build out like
00:14:38tech from EV to chips to everything, it's leading about
00:14:4180% on humanoid robot so far at this
00:14:44stage, but China, United States is ahead
00:14:48on most advanced chips to two
00:14:51nanometers chips to designing them.
00:14:55and these photonics trans photonics which as
00:14:59just mentioned before, so both countries are trying to create their
00:15:03own uh ecosystem, vertically integrated ecosystems,
00:15:07but it's far neither country to uh fully
00:15:10uh reach independence into this, and as the US
00:15:14expands sanctions across these technologies, what
00:15:18does the growing division mean for allied tech markets
00:15:22across Europe and Asia? well,
00:15:25That's everybody is concerned about this, because
00:15:29as technology as we see indigenization the AI
00:15:33infrastructure continues, both countries
00:15:36now. are really dependent into each other, so we
00:15:40going to mostly see the next cold war, tech cold war
00:15:432.0 where uh other countries like Europe,
00:15:47Taiwan, South Korea and the rest the world is going to force
00:15:51somehow to choose which uh which AI
00:15:55or which uh components they're going to use, whether it's going to be
00:15:59US or Chinese one, and that's of course going to increase
00:16:02costs of transportation, cost of building data
00:16:06centers, cost of... chips itself, so it's going to uh
00:16:09pass over this cos on companies, which of course
00:16:13these companies are going to pass on to the consumers, so who
00:16:17using them
00:16:18and who pays for tokens spent on generating AI
00:16:21or tomorrow on agentic AI at the same
00:16:25time? abdul wahab, great speaking to you, thank you for your
00:16:29insights. now weeks of extreme
00:16:33heat and dry weather have left two of Europe's most important rivers
00:16:36facing. water shortages with economic consequences for
00:16:40industries ranging from German chemicals to Italian
00:16:43ceramics.
00:16:48has more rivers are becoming a growing business risk
00:16:51in Germany
00:16:53the Ryan has fallen to an near record lows after weeks of dry
00:16:57weather stretching 1230 km
00:17:01across western Europe is Germany's main commercial artery
00:17:05carrying hundreds of millions of tons of
00:17:07crude oil and grain every year, but falling
00:17:11water levels mean vessels can carry only a fraction their
00:17:14usual cargo. with normal water levels a
00:17:18rhine barge can carry around 500 containers, currently that
00:17:22capacity is down to just 20%, meaning only 100
00:17:25containers, that leaves 400 containers sitting idle somewhere,
00:17:29while the 100 that can be transported become much more expensive to
00:17:33ship. in Italy, the por river is also running
00:17:36low. the poor plane is one of Europe's most
00:17:40concentrated manufacturing regions and Italy's
00:17:43agricultural backbone. water shortages here don't
00:17:47just hurt farms, they hit factories too. disetia,
00:17:51one the po's main tributaries runs through the heart of Italy's
00:17:55water intensive ceramics industry. manufacturers rely
00:17:59heavily on water to grind raw materials and clean
00:18:02equipment. geographic concentration, that is the
00:18:06industrial. effect is the most important characteristic of
00:18:10ceramic manufacturing, over 90% of tile production is
00:18:14concentrated within 20 square kilometers, enabling companies
00:18:18to form synergies in water recycling, waste recycling and
00:18:22technology research and development, but the machinery,
00:18:25textiles and pharmaceuticals have different water quality
00:18:29requirements and the cost of new equipment remains a financial
00:18:33barrier for smaller companies, water recycling systems and
00:18:37waste. to treatment equipment are not widely adopted among
00:18:40small and medium enterprises because they require
00:18:44significant capital investment, infrastructure investment and
00:18:48sufficient construction space. two rivers, two countries,
00:18:51one shared problem. Europe's drout is turning water
00:18:55shortages into direct economic costs. as
00:18:58extreme weather becomes more common, investing in alternative
00:19:02transport and water recycling systems is becoming
00:19:06business necessity. Tülay Karlon Haznederoğlu TRT
00:19:09World.
00:19:16Let's take a look at some other stories we're following around the world. New US
00:19:20tariffs will hit 7.4 billion dollars of Singapore
00:19:23exports with roughly a third of shipments facing a
00:19:2712.5% duty. Washington introduced the measures
00:19:30over forced labor concerns targeting products like
00:19:34chemicals and optical equipment. Singapore sayid. has found
00:19:38no evidence of forced labor in its exports, but warned the
00:19:42restrictions could hurt global supply
00:19:44chains. Brazil's central bank has cut
00:19:48its benchmark interest rate for fourth straight meeting,
00:19:51lowering it to 14%. But authorities say
00:19:55they will remain cautious as higher oil prices and inflation
00:19:59risks continue to cloush the outlook. The latest decision
00:20:02comes less than two months before Brazil's presidential election
00:20:06with infl remaining key concern for many
00:20:10voters. Australia
00:20:13posted a trade surplus of 1.9 billion
00:20:17Australian dollars in June after deficit in May. The
00:20:21surprise recovery was driven by nearly 10% jumping
00:20:24exports led by stronger shipments of metal ores and
00:20:28coal. However, analysts say Australia's trade position is
00:20:32still weakening as the long-running commodity boom begins to
00:20:35fade.
00:20:39Meanwhile, Mata reported that one of its AI models breached another
00:20:43company system during a cyber security test after setup
00:20:47error gave it unintended in. internet access, the
00:20:51company says the model exploited a security weakness a third
00:20:55party service and that the incident is now under
00:20:58investigation. Metta is the third major AI developer to
00:21:02report similar case following recent disclosures from
00:21:05unthropic and open
00:21:07AI.
00:21:11And Alphabet is reshaping its AI leadership
00:21:15with deep-mind chief Demis Hasabit becoming the
00:21:19company. chief scientists while stepping back from day-to-day
00:21:23operations. He says the move will let him focus on long-term
00:21:27AI research and scientific breakthroughs including drug
00:21:30discovery. This reshuffle comes as Alphabet faces
00:21:34intense competition from Open AI and Anthropic emit
00:21:37delays to its next major AI
00:21:39release.
00:21:48Recent drone attacks on logistic. Hubs used by Russia's largest
00:21:52online retailer Wild Berries have disrupted operations and forced the
00:21:55company to redirect shipments. The company is now expanding its
00:21:59logistics network into neighboring Kazakhstan, but analysts say
00:22:03thousands of small businesses that depend its warehouses
00:22:07could also take a hit. Dusha Chinashover has this report from
00:22:11Moscow. For thousands of small
00:22:14businesses, online shops are the center their entire operation
00:22:18from warehousing and Six to wide
00:22:20deliveries.
00:22:23Sells a range
00:22:23of goods through Wildburies, which is widely seen as Russia's answer to
00:22:26Amazon. He says drone attacks have exposed how vulnerable
00:22:30small businesses can be when they depend heavily a single logistics
00:22:34network, although he expects the company to
00:22:36recover. We are lucky that we
00:22:40stored only a small share of our goods at marketplace
00:22:43warehouses. We know how to adapt, plus we don't have heavy
00:22:47credit burden, that will help us lot. those who had 80 to
00:22:5190% their goods destroyed and bought that inventory with
00:22:55borrowed money are in very difficult situation, for many
00:22:59businesses, even a brief disruption can create serious cash flow
00:23:02problems, with inventory trapped inside damaged warehouses, sales
00:23:06stop while storage fees, supplier payments and other operating costs
00:23:10continue to bill up. small and
00:23:14medium-sized businesses could suffer the most because their
00:23:17entire business model depends on infantry
00:23:20turnover, many bought their goods using borrowed money,
00:23:24and if they can't maintain the sales volumes they originally planned,
00:23:28they may struggle to repay those loans. The impact
00:23:32extends beyond salaries: re-rooted shipments means thousands of
00:23:35independently operated pickup points are seen fewer deliveries and
00:23:39lower customer traffic, but there are now plans to build additional
00:23:43warehouses in neighboring Kazakhstan and Belarus and strengthen
00:23:46security to make supply chains more resilient.
00:23:50This could affect the range of products available on the marketplaces and
00:23:54push up prices for some goods, but it won't fundamentally change the
00:23:58platform economy. Online marketplaces remain Russia's
00:24:01dominant retail sales channel, and so we're more
00:24:05likely to see redistribution of sales than a collapse
00:24:09the system. Analys say Russia's well established trade links
00:24:13with China could help replace many low cost imported goods,
00:24:17limiting longer term disruption for consumers. Recent drone
00:24:20strikes come a time when companies are already facing high borrowing
00:24:24costs and higher taxes, so any prolong disruption could add further
00:24:28pressure to one of Russia's fastest growing
00:24:30sectors. World,
00:24:34Moscow. Let's speak now to Olga
00:24:37Krasnik, who is associate professor at the High School of
00:24:41Economics, she joins us live from the Russian Capital. Welcome back
00:24:45to the program, Olga, now with thousands of sellers holding up to
00:24:4890%. their inventory inside centralized
00:24:52well wildbury warehouses, how severe is this bankrupcy
00:24:56risk for small businesses that finance the stock with
00:25:00high interest loans? well, it's still
00:25:04hard to see how this painful for small
00:25:08and middle size businesses, but this platform weld
00:25:11indeed one the biggest one retail platform
00:25:15in in Russia, but also need to understand that the
00:25:19sellers good. they redistributed in many uh different store
00:25:23houses, few them been destroyed, but not
00:25:27all them, and of course it cannot be denied some
00:25:30negative impact on small businesses, but at the same time
00:25:34businesses always have a certain risks especially
00:25:37considering that Russia a situation of war
00:25:41with with Ukraine and with its western partners, so
00:25:44and in this case yes, some risks are
00:25:47inevitable, and does Russia have have enough alternative
00:25:51logistics capacity if attacks on major hubs
00:25:54continue uh well this is the
00:25:57biggest one but not the only one we have
00:26:01different platform. which do the same, but
00:26:05while
00:26:06bear is the annual revenue by the way it's 75 billion dollars, so
00:26:10it's one the biggest platforms, but the same time
00:26:14we understand it's a private business, and the founder of wildb is
00:26:18one the richest person in Russia as far as I can
00:26:21see, and in this case, well high risks are imposed on
00:26:25this business, but at the same time I do not believe that the logistics
00:26:29and the delivery of goods will be somehow destroyed. or
00:26:33severe severely impacted by these drone
00:26:36attacks and could expanding into neighboring countries like
00:26:40Kazakhstan actually protect Russia's domestic retail supply chain from
00:26:44ongoing infrastructure attacks? well I do not believe so
00:26:48it will would have a certain negative impact on the Russian
00:26:51retail uh but uh it is understandable as the founder of wild
00:26:55beries that kim she uh wants to minimize
00:26:58the risks and of course she tries to uh maybe to use like
00:27:02alternative platforms, alternative territories like Kazakhstan, but
00:27:06it's private business, and she is in her own right to expand it towards
00:27:10Kazakhstan, but I do not see may
00:27:13huge negative impact on the sellers and the buys like
00:27:17ordinary people in Russia are because of some store houses being
00:27:21destroyed, and could physical disruptions
00:27:25become inflation problem if fewer goods reach
00:27:28Russian consumers? well, I don't think so.
00:27:33that it would cause some inflation, so the inflation
00:27:37can come from from different reasons and following
00:27:40few weeks uh this energy crisis indeed we had
00:27:44it and uh because this shortage of of gasoline of of
00:27:48oil of course it somehow
00:27:51increased the the price for logistics, but now
00:27:54we overcome this crisis energy crisis and uh
00:27:58if some inflation would come it just only from logistics
00:28:02and the price for gasoline, but it's not about
00:28:06the infrastructure of store houses of wildbs. professor
00:28:10Olga Krasniak from the high school of economics in Moscow, great to speak to
00:28:14you, as always, thank you. Chinese tech
00:28:17firms looking to expand overseas have been turning to Hong Kong to raise
00:28:21money, test their products and build credibility. firms
00:28:25flocking to the cities capital markets have helped drive the busiest start
00:28:29to the year for IPO's in half decade. but
00:28:33some Chinese companies are still facing barriers when looking for new
00:28:37trade overseas. Laura Westbrook reports from Hong
00:28:40Kong. This
00:28:43Chinese tech firm is hoping their smart blackboard is the
00:28:47future for classrooms. It's one the artificial intelligence
00:28:51products made by voice recognition company IFlytech. Around
00:28:5540 schools in Hong Kong have already bought their product and now it
00:28:59wants to expand further overseas.
00:29:02it is very good opportunity for us to go global because the
00:29:06standard of Hong Kong is very close to international standard. The firm
00:29:10is targeting markets in Southeast Asia and the Middle East. We
00:29:14think that these the countries is that we
00:29:18can see the demands and we can see they are
00:29:21economies fast growing and we have very good
00:29:25relationships in term in terms of geopolitics so that's very
00:29:29important as well. Partly state-owned ifly tech relies on
00:29:32domestic chips, it was put a US blacklist in
00:29:352019 for its alleged role in the surveillance of
00:29:39minorities in Shinjang, effectively barring the company from
00:29:42buying advanced US chips. One of Hong Kong's great
00:29:46advantages is its proximity to the mainland. Also, there
00:29:50are freeer capital flows and access to professional
00:29:53services. What has been different over the past few years
00:29:57is that the slower nominal growth in the Chinese economy
00:30:01basically has pushed. firms to go more
00:30:04overseas to hunt for profit. tech firms based in mainland
00:30:08China have recently been flocking to list on the Hong Kong Stock
00:30:11Exchange. Hong Kong is a free market compared to the Mainland
00:30:15Chinese exchanges where there are stringent capital controls.
00:30:19The city is benefiting from Chinese companies looking to raise money
00:30:23here to expand abroad. This is supported by policies
00:30:26from both local regulators and regulators on the mainland.
00:30:30While Beijing is encouraging companies to expand abroad,
00:30:34it is also tightening scrutiny of overseas investment,
00:30:37particularly if there are national security concerns, especially in the
00:30:41fields of tech data and talent, so it's not all plane saling for
00:30:45Chinese firms moving beyond Hong Kong. If you look at the
00:30:49US or European markets, they are
00:30:53imposing various screening uh
00:30:56over incoming investment, particularly
00:31:00related to companies involved in... deep
00:31:02technology, AI,
00:31:06quantum, computing, semiconductors
00:31:09and tying all those investment to national
00:31:12security, data protection, and so on. As the
00:31:16tech race heats up, Chinese firms like IFly Tech are
00:31:20calculating where they position themselves an increasingly
00:31:23polarized geopolitical climate. Laura Westbrook, TRT
00:31:27World, Hong Kong. And that's the business news,
00:31:31bye for
00:31:32now.
00:31:36Sharp to the point. Round table shuts out the noise
00:31:40and gives you the detail. John Kerry told round table, Poland
00:31:44has. here in Berlin, take a seat and listen to those who
00:31:48really know what's going on. War in Europe, distrust are means
00:31:51an argument, and there are very specific reasons why Trump has gone
00:31:55after them. Who's going to blink first? Confusing world, we're
00:31:59here to clear the f. You'll understand exactly
00:32:03where you are. Round Table on TRT
00:32:05World.
00:32:24With dozens of towns occupied and the south still under
00:32:27attack, will Israel remain in Lebanon?
00:32:31Representatives from both countries and the US return to the table for
00:32:34seventh round of talks in Rome, but with Hesbollah refusing to
00:32:38disarm until Israel leaves, while Israel refuses to leave
00:32:42until Hezbulah disarms, can peace talks... has really
00:32:45succeed. I'm Andrea Sanki and today's newsmaker is
00:32:49Lebanon.
00:33:06Well, it's obvious you have to manage expectations when a lead negotiator
00:33:10says peace talks shouldn't move too quickly. That is
00:33:14not what hundred. of thousands of displaced people want to hear, desperate to
00:33:18return home, some have made their way back to villages left in ruins in
00:33:22southern Lebanon, with occupying Israeli forces never far
00:33:25away, it's added more hardship to the country marking six
00:33:29years since its capital city was virtually destroyed in the
00:33:33Bayrut port explosion, so while Lebanon's people remain as
00:33:36resilient as ever, will they actually get the peace and
00:33:40accountability they deserve? here's a
00:33:44look: the latest Israel talks aren't about
00:33:47negotiating another peace deal, they're about assessing
00:33:51whether the one already agreed can actually work. for
00:33:55the first time since 1993, Israeli and lebanese
00:33:58officials have been meeting directly marking diplomatic
00:34:02breakthrough after decades without face-to-face talks,
00:34:06but turning that breakthrough into peace may prove far more
00:34:09difficult. at the heart the framework is faced
00:34:13Israeli withdrawal from southern Lebanon, the first
00:34:17test is series of so-called pilot zones. Under the
00:34:21plan, Israeli forces would gradually withdraw, the Lebanese army
00:34:25would take over security and the model would then be expanded
00:34:28elsewhere. But after weeks of negotiations,
00:34:32only one pilot zone has been implemented. That
00:34:36slow progress reflects the deeper problem. Every stage the
00:34:40framework depends on another one. Israel once Hezbulat
00:34:44disarms before. completing is withdrawal, hezbullah
00:34:47insists there will be no disarmment while Israeli troops remain
00:34:51inside Lebanon. The talks also expose one the
00:34:55biggest gaps in the process. Hesbullah remains outside the
00:34:59negotiations and rejects the very premise it's built
00:35:02on. We consider that all direct
00:35:06negotiations with Israel have brought nothing but shame,
00:35:09humiliation, disappointment and continuous
00:35:12concessions. The division. are not confined
00:35:16to the negotiating table, Israeli military operations have
00:35:19continued across southern Lebanon, raising concerns that
00:35:23implementation remains far more fragile than the agreement
00:35:27itself. The UN interum force in Lebanon continues to
00:35:31observe daily Israeli violations of Lebanese
00:35:34airspace. Between Thursday and Sunday, peacekeepers recorded
00:35:37125 air violations with a combined total
00:35:41overflight time exceeding 418 hours.
00:35:45Surveillance and arm drones were observed near or above unifill positions in both
00:35:49sectors. Peacekeepers also report extensive military activity
00:35:53on the ground in south Lebanon, including significant engineering works and
00:35:57active troop movements. For displaced Lebanese, that's delaing
00:36:01any return to normal life. Some families have gone back to
00:36:05their villages, many others are still waiting with Israely
00:36:09troops remaining in parts the south and entire communities left
00:36:13in ruins. We can say that the
00:36:17matter cannot be measured in terms of time, but rather in terms
00:36:21of solutions, and the solutions are very complicated when
00:36:25it comes to completely withdrawing. weapons from within
00:36:28Lebanon. The issue goes beyond the national sphere. It
00:36:32may even have regional dimension. Therefore, I
00:36:36believe that the timeline for the Israeli occupation will be a
00:36:40long time. The negotiations have reached a new
00:36:43stage. The diplomacy and the conflict, however,
00:36:47still appear to be moving on two very different tracks.
00:36:51So are Lebanon-Israel
00:36:53peace talks a positive trajectory or just barely maintaining a lot.
00:37:27personally feeling about where your country is headed right now, given
00:37:31the state of political affairs as well as
00:37:35these continuing talks in in uh
00:37:37with Israel,
00:37:41well you saw sumed up the major problems in
00:37:45Lebanon, so I'm going to try as much as possible to
00:37:49in few seconds to answer that, I
00:37:51mean the way what we reach at this point
00:37:55is series of uh state collapse,
00:37:58regional intervention, decades of
00:38:02mismanaging public
00:38:06affairs, but now we are a very critical moment, I
00:38:10think an era is ending in South Stebern, the way we know
00:38:13it, but we are transitioning to something that's not very
00:38:16clear yet and it's being forced imposed
00:38:20by force whether the Israeli force and
00:38:24the US support for this force and "this is
00:38:28might bring some temporary resolution,
00:38:32but it's not going to bring a long term, and now Lebanon is in
00:38:35limbo is waiting for US, Iran basically talks
00:38:39and we have these talks in Rome as you mentioned this
00:38:42week, without the clear road map, maybe we will discuss
00:38:46it later in detail, but I think all the
00:38:50problems now I mentioned are
00:38:53really the culmination of it is what's happening in.
00:38:58Okay uh, let ask,
00:39:02Romy, Joe says it's not a clear road
00:39:05map um and that they're transitioning right now in
00:39:09in Lebanon, this also something that's just not very clear, but they they at least have
00:39:13these pilot zones, do you think they're working and are
00:39:17they really the best indicator of of actual
00:39:20progress? well they're working as they're
00:39:24supposed to work, which is to reaffirm... Israeli-American
00:39:28superiority and and sovereign
00:39:32control over South Lebanon and forcing
00:39:36the Lebanese government to comply with what Israel
00:39:39wants, so in that respect they are working, most
00:39:43the world doesn't think, I think most the region and much the world
00:39:47doesn't think this is a really fair and
00:39:50legitimate and equitable process
00:39:53and like the board of peace and '
00:39:58and Gaza and some the
00:40:02things that were developed with Iran and the US
00:40:05under American pressure, these are not
00:40:08serious peace processes
00:40:11or movement towards a
00:40:15mechanism for peaceful coexistence in the long
00:40:19run, unlike say what you saw in Northern Ireland or Southern Africa,
00:40:23which did lead to an equitable peace, so in that respect,
00:40:27no... "they're not uh, they're not real progress
00:40:30in the long run, and they, but if they can
00:40:34spark push by all
00:40:37sides to get to the next stage that is more
00:40:41equitable, for instance the Lebanese should determine where do the
00:40:45Israelis withdraw from, in phase two, in phase one, the Israeli said we're
00:40:49getting out these areas, some of which they didn't even occupy. phase two,
00:40:53maybe Lebanon should say, well, these are the villages you got to get out of,
00:40:56and these are..." the errors you have to stop bombing, something like that
00:41:00could rectify the imbalances now, but that
00:41:04rarely happens, but we'll just have to wait and see, the Lebanese are very talented
00:41:08people, but it depends on whether the US comes down
00:41:12equitably for Israel and Lebanon or continues to
00:41:15push a process that favors what Israel wants? so you're saying
00:41:19that the pilot zones could somehow
00:41:22spark the real progress, but there's
00:41:26this overlying... concern that, well Israel has definitely
00:41:30highlighted this, that Hezbol will try to return
00:41:33to these pilot zones, once it's established that the
00:41:37Lebanese army is in control. "do you
00:41:41see that as as something quite possible or
00:41:45is are you suspicious that Israel is looking for excuses to either stay
00:41:49as an occupier or be able to return
00:41:52later? um, hizballah is issue, but
00:41:56it's not the issue. the issue is the
00:42:00tensions between zionist colonial
00:42:03expansion, american support for that, and
00:42:07inadequate lebanese and arab'.
00:42:10systems and foreign
00:42:12manipulate in the region since the
00:42:151920s, that's the real problem, so the
00:42:19hezballah is willing to make like Hamas
00:42:23and Palestine, is willing to make reasonable concessions
00:42:26if the core root the problem is addressed,
00:42:30which is Israeli occupation
00:42:34and was born to push
00:42:38back Israel to get them out. Leban, they weren't born for
00:42:41anything else. Okay, I'm going to follow up with that in just
00:42:45second with Joe, but first I have to ask aqiva,
00:42:49because on the Israeli side, I i mentioned the
00:42:52suspicions that Israel already has, and it's also said that it it
00:42:56has to verify somehow that Hazbullah has
00:43:00disarmed. How would that ever happen? And I
00:43:04mean, then you have to also quash the suspicions that Israel has
00:43:08that the Lebanese army is somehow going to... cooperate with
00:43:11Hezballah uh because that's just what they do, and
00:43:15again it opens the door to prolong
00:43:18occupation. well, I can tell
00:43:21you when it's probably not going to happen, and
00:43:25this is between now to October 27th,
00:43:29until the the elections in Israel, because
00:43:33what the current government is doing is looking
00:43:36at every strategic question,
00:43:40from
00:43:40you know through the lenses the
00:43:44belloting boxes to the elections and
00:43:48right now they are still having a
00:43:51problem convincing the communities in the Israeli no there
00:43:55was a kind of symmetry that we are doing
00:43:59between the Israeli
00:44:01refugees that had to leave their
00:44:04homes during the war that started all
00:44:08this and started. reoccupation of
00:44:12southern Lebanon, and they are also
00:44:15demanding some kind of guarantees
00:44:19from the current government that it will not happen to
00:44:22them again, there are still people who move to
00:44:26the center of Israel and they are not back yet because they
00:44:30don't feel safe, so Netanyahu right now
00:44:34is looking every morning at the polls
00:44:37and he's not happy.
00:44:40with what he sees and probably
00:44:43the good news is that in
00:44:47October we will have another government that
00:44:51will look at the Israeli international
00:44:54relationships and public relations of Israel a
00:44:58different way, different from what Netanyahu was
00:45:02suggesting a super sparta, he said
00:45:05in on
00:45:06the in the Kness that he sees himself as the
00:45:10Israeli churchill that
00:45:12offers kind
00:45:15of blood tears and
00:45:19sweat with no deadline,
00:45:22and the other problem is that even the
00:45:26Israeli opposition, the leaders the
00:45:29parties that will probably be in power are not
00:45:33mentioning anything about withdrawal from Lebanon or
00:45:37even talking about the two states.
00:45:40solution, there is no leadership that
00:45:43is suggesting a deadline for the Israeli
00:45:47occupation and timeline, they are talking
00:45:51about sequence, first they have to stop terrorism, first we
00:45:55have to this make sure that to disarm
00:45:58hizballah and the hamas, but they
00:46:02don't offer anything, yeah, they are blaming government for
00:46:06outsourcing Israel security, outsourcing to...
00:46:10his government, to President Trump when it comes to Iran
00:46:14and to the new peace council
00:46:17in in Gaza. Okay, um, let me come
00:46:21back to uh, Joe in Beirut, because I need to pick
00:46:25up on something that Rami had said, he he seems to have some confidence
00:46:29that Hesbolah would act in good
00:46:32faith if um Israel were to to
00:46:35withdraw. However, Hezbulah says that these talks alone have brought.
00:46:53to foreign power and that the Hezball goes goes ahead and
00:46:56makes unilateral decisions to attack Israel and then complains
00:47:00on behalf of Iran for that matter and then complains that the constitution
00:47:04is being violated because they didn't get to agree to
00:47:08negotiations, so how dangerous is
00:47:12that difference of opinion alone within
00:47:15Lebanon? I mean, regardless
00:47:19the emotion and ideological difference. sets
00:47:23are
00:47:23very you know a high level and level on for me, i like to
00:47:27focus on how how the policies
00:47:29are, obviously we have
00:47:33now two visions of foreign policies in in libanon, one is
00:47:36batic on what's happening on talks, the other one is
00:47:40betting on on the talks with directly with Israel through
00:47:44yes mediation and neither can reach very
00:47:48clear solution, now we have a framework.
00:47:52you have especially security anx, you mentioned the pilot
00:47:56zones, they don't address the core the problem which
00:47:59has been in the last two years since the last is fire in November
00:48:032024, is how you deal with the issue of disarmment and
00:48:07withdrawal, they tried the step by step, netanyahu government
00:48:11refused, now they are trying to built
00:48:13zone, there are
00:48:17some structural problems in the security annex that makes the
00:48:21the framework agreement and to reach them, it's gna stop at some point, because
00:48:24neither Israel, neither, and there are no
00:48:28mechanism to force them to do this, so the agreement was was signed
00:48:32on the assumption that hisballah will voluntary
00:48:35accept, because neither Israel government
00:48:39can disarm by force as we saw in in the
00:48:43last year, so it's a very complex issue, part of
00:48:46it, it has to related
00:48:48to decision tehran because the US talks,
00:48:52are Libanese Israeli long decades
00:48:55of of tension,
00:48:59especially what most ofceive
00:49:03as continuous Israeli aggression as we see in the last
00:49:06strike in Beirot, just before the last spire, and we have
00:49:10problems inside Lebanon, which is the relation between the government
00:49:13and how it will be after after
00:49:16this, these talks or whatever is happening on the border, so
00:49:20those are all complex. issue, but but the framework
00:49:24agreement presented by the US now in this talks doesn't
00:49:28desolve resolve the same, the core dilemma the
00:49:31core problem
00:49:33in what's happening in souban. yeah, let me come to Romy, buse
00:49:37joe has mentioned this uh, alluded to this several
00:49:40times now, you tell us how much you
00:49:44think the peace process in lebanon is just
00:49:47contingent on
00:49:49the US war on Iran and the position. Iran takes
00:49:53and the position the US takes, I think they're directly
00:49:56linked, they're not only linked in short term that the Iranians are
00:49:59insisting that the fighting stop in Lebanon for the
00:50:03US, Iran and Israel, Iran fighting to
00:50:07stop, they're linked a very much more
00:50:11important and older way, which people in the west, and
00:50:15I think in Israel, probably, but akiva can tell us more on
00:50:18that, the people don't understand very well, the the...
00:50:23in the middle east today that are most active in
00:50:27resisting Israel in the US are Lebanon,
00:50:30Palestine, Iran. What do those
00:50:34four countries have in common? They are the countries that
00:50:38probably have been more ravaged,
00:50:41manipulated, occupied, humiliated,
00:50:45and and overall beaten up by
00:50:49western and or Israeli colonial.
00:50:52interventions in the last 120 years,
00:50:56Iran and Yemen, it's
00:51:00not by accident that these countries
00:51:03together continue to push back, and
00:51:06and saying you can't
00:51:09forcibly disarm somebody like Hisballah,
00:51:13because they've tried it in Gaza with Hamas, with a
00:51:17massive force destroying Gaza, and they've
00:51:21tried it in. on and it hasn't worked, you you so
00:51:25if if the Israelis and americans are
00:51:28and and Palestine, they're not going to get
00:51:32anywhere in Lebanon, that's why they've come up with this, you know
00:51:36sort of make believe political process
00:51:40in Lebanon starting in Rome, which is nice place to
00:51:44start buse, it's a great place to visit, but now
00:51:47they're really not getting anywhere very significant because they're
00:51:51running up against the core, issue of of
00:51:54Hizballah has to be involved any negotiations like the
00:51:58Vietnam were like the Taliban war and like Hamas was eventually
00:52:02you've got to sit with Hisballah and government all together,
00:52:06I don't think the Lebanese government will have a problem in
00:52:10reaching an agreement ultimately, the problem is more with the
00:52:14Israelis and the and the Americans and
00:52:17possibly the Iranians, but yes the linkages are are
00:52:21deep and old and they have to be appreciated.
00:52:25Okay, let me come to akiva then, because just quickly
00:52:28akiva, there's the long-term issue as
00:52:32well, and the question over how...
00:52:35motivated Israel and especially certain
00:52:38Israelis are to hold to the
00:52:42lebanese land that they are now occupying. it's still part of this
00:52:46greater Israel vision that one would hope with the next
00:52:49election will be diminished, but how serious are the
00:52:53chances that it won't be diminished and Israel has every
00:52:56motivation to keep holding to the land it's taken
00:53:00believing
00:53:00it is
00:53:01theirs.
00:53:05"the the Israeli people have lost faith in
00:53:09the in the kness, in the government, and
00:53:13this is, as I mentioned, this is something
00:53:17that hopefully will change in October,
00:53:21but we hope that the next prime minister will
00:53:25probably be the best chances, is Godty
00:53:28Isencock, who was a chief of staff,
00:53:31and I, I know him quite well, and..." "I
00:53:35believe that, unlike Netanyahu, he doesn't
00:53:39believe that the name the game is
00:53:43catch as much as you can territories, if
00:53:46the Hizballah will strike the
00:53:50Israely northern communities, then we
00:53:54will occupy five kilometers, then if they
00:53:58strike the Israeli soldiers or
00:54:01they undermine the Israeli occupation." along the
00:54:05new line, then we capture more
00:54:08land. this is the same thing they are
00:54:12doing in Gaza, holding more
00:54:15than 60% the territories of Gaza,
00:54:19and in the West Bank. Next year, we will mark 60
00:54:23years to the occupation the West Bank, and if
00:54:26you ask the Israeli, the average
00:54:30Israeli, who most them were born after
00:54:3367, born... into the situation of
00:54:37occupation, they will tell you that we can't afford to give
00:54:41up territories because this is the only guarantee
00:54:44we have for our security, they
00:54:48will tell you, no, we are not interested in territories, it's all
00:54:52about security, now you need a third party here,
00:54:56and the Israelis have to know that there is something
00:55:00else that they can lose, it's not just security, and
00:55:03security is not, equal to
00:55:07territories, as Rami said, this is colonialism,
00:55:11and colonialism is built
00:55:13for me, is bad for my children, because the
00:55:17Palestinians or the Lebanese, more than 300 thousand
00:55:21people, including children and old
00:55:24people, will not forget what's happening in 26, it
00:55:28will take decades to come to terms with the
00:55:32existence of Israel and to believe the israel
00:55:35Okay, that is not what Netahu was
00:55:38suggesting, an extra large
00:55:42sparta, okay, and peace
00:55:46initiative waiting for us on the shelf, and we just need to pick
00:55:50it up. I'll tell you what, uh,
00:55:53we we down to our last minute and a half, so Joe, I just have to come full
00:55:57circle with you, because on Tuesday, as we mentioned, it was the six-year anniversary
00:56:01the Bayroot port explosion, and Lebanon's information minister.
00:56:05has said that indictments will be issued within
00:56:08months uh, in part because they're no longer
00:56:12hindered by the former government. i'm bringing this up because
00:56:15it is so important to talk about the state of Lebanon
00:56:19internally, so will the Lebanese people finally get
00:56:23justice and accountability, and is this finally a real opportunity for
00:56:27this government to deliver something to the
00:56:30people and build the confidence that it really needs, or do
00:56:34you fear? will become more
00:56:36divisive. I
00:56:40hope that I was on in the march on August 4 that
00:56:44went from downtown to the port and and you see the families
00:56:47of of of those died on that day and you
00:56:51see that after six years, it's not about
00:56:55what the the state did do or not do,
00:56:59but what allowed to happen that you have those natural ammonium
00:57:02basically that crossed all the security. person
00:57:06personnel in in the airport and arrived, until now not one
00:57:10person was was detained, not one press conference by
00:57:14any government official to explain the process, now an
00:57:18indictment is going through clearance,
00:57:21there's now public pressure to release it by the end the
00:57:24year, we are hearing that maybe there are 70 might be
00:57:28indicted, it's it's going to be cross political class, not
00:57:32only one one major political
00:57:35party, we have 2019 the collapse
00:57:39and all the what happened, so we we
00:57:42have a state basically who killed this people
00:57:46and let the financial collapse and is unable
00:57:50to to have clear foreign policy and protect the border, so
00:57:53this is defining moment, i think for the god government, for the president to
00:57:57basically allow to have
00:58:01some to make sure that there's a trial
00:58:05and to make sure that this not gna repeat again,
00:58:09because
00:58:11i it's hard to imagine i think what the big of
00:58:15explosion was on august 45. and it it could prove a
00:58:18unifier if handled finally with real accountability, but
00:58:22unfortunately Joe, we're going to have to leave it there, I'd like to thank all three of you so much
00:58:26for being with us on this edition the newsmakers, our viewers for joining us as well, remember you can follow us
00:58:30on social media and do be sure to subscribe to our YouTube channel. I'm Andrea
00:58:34Sanki, see you next
00:58:35time.
00:59:06Strat breaks down Turkey's place in the
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00:59:14region.
00:59:18Straight talk understanding the challenges facing Turkia
00:59:22and how it's adapting to a changing
00:59:24world.
00:59:29Straight talk on TRT
00:59:31World.
01:00:15Hello and welcome to RT World, this is the news hour
01:00:19live from Istanbul, with me, Lequesa Byarak. So coming up in
01:00:23the next 60 minutes, we're going to be focusing our attention on this
01:00:27stretch of water, because Iran and Oman have
01:00:31reached an understanding for the straight of Homus, now
01:00:34reportedly agreeing on the coordinants for route.
01:00:38US President Donald Trump also optimistic saying that he does
01:00:42prefer diplomacy over war. An agreement is
01:00:45expected soon, we are waiting. It could ease
01:00:49traffic flow through the waterway, or rather start it up
01:00:53as well, all critical to those global supply
01:00:56chains. Also, today, Israel is certainly.