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tv   Business - News  Deutsche Welle  November 23, 2017 4:02am-4:16am CET

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they'll be joined by eleven other factions the last parliamentary elections were held in two thousand and six and were won by hamas sparking a civil war the two sides have been meeting to firm up a reconciliation agreement. a huge hack attack leaks millions of customers data the thing is that was a year ago the company paid to keep it hushed up will take a look at the consequences for the silicon valley company. and when the berlin said they wanted bicycles crowding the streets this isn't exactly what they meant we'll get the story on the mysterious piles of rented bikes cropping up all over germany . and bolivia signs a mega deal with global energy giants to develop its gas production was over one and a half billion dollars. and on the winter and this is your business update it's
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a massive data breach which affects millions of customers and yet kept it under wraps for a year your name email address and phone number could be among the leaked data with the threat of legal action on the horizon says that it's already in touch with the federal trade commission but the leak itself isn't even the most controversial point. not only did he know about the hack and keep it from authorities it paid the thieves one hundred thousand u.s. dollars to keep quiet hoover isn't the only company to be extorted by hackers experts say yet firms in the u.s. and u.k. are required to disclose breaches to the government that means ober could face have to fines or stay the cover up also expose the firm to customer lawsuits. more seriously it raises questions about hoover's management at a sensitive time the company's trying to change a reputation for recklessness following a string of scandals under founder and former c.e.o. travis colonic it's also pushing for a new round of investment the fact that they refused to tell people that tens of
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thousands of driver's licenses that all of this personal data was around floating around outside of its control only reinforces the impression that people have this is a company that doesn't care about what happens to its users data customers say the latest revelations make the money easy on comfortable for them now it's a little disappointing i mean as a consumer i mean i you who are now at it had no idea this was going on but will they actually leave valued at nearly seventy billion dollars the company is already the largest ride sharing service in the world and it's continued to grow despite past controversies. that means the latest scandal for hoover may just be the latest bump in the road. and yes call it is on wall street for a c.n.c. there's no doubt that it's a serious case but what could the cautions be. first of all it certainly doesn't help the image of or it has been
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a pretty rough year there have been allegations from google for example that still trade secrets in respect to self driving knowledge e then there has been sexual harassment claims the founder and c.e.o. had to step down at the top position. and now we have this. mess of breach a good year ago and one of the big questions is did they have to give notice to customers much earlier and if there might be suits from customers to follow up so a lot of open questions at this point if passengers will start to switch to other companies still remains to be see yet another crisis at this hack went undetected but what are the chances it's just the tip of the iceberg it's pretty likely that we will see something similar again that to
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a certain degree is the risk that we're having in our digital world to them and it has happened before if you look at yahoo for example order or at equifax a company specialized in credit score ratings here in the united states so it just shows that not all systems obviously are bullet proof and it is possible that something like that certainly could happen again how far reaching that is and how safe the systems is nobody can really tell at this point it seems they haven't quite learned about the importance of security somehow younes quarter on wall street thank you very much. and data security is certainly one of the pitfalls of the new sharing economy and here's another one if you share something you don't own it and if you don't own it you rarely feel responsible for it that's the issue that many cities are confronted with when it comes to bike sharing services concerns are growing among city planners that the bikes are being being used are just clogging
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up public space. you can't mesut the no frills bright yellow bike with no gears lots of plastic and thick solid group of tires it's a decent short distance bike you can rent one for a year or an hour using an app that shows she where the nearest bike is. i've never used one which has been station the speed for this one like i think yours has g.p.s. or something attached to it so it looks very interesting next bike the publicly funded bike sharing platform has fixed parking stations and it's these loose bikes could cause chaos they look neat and tidy now but who knows when they'll be broken wheels lying around or blocked subway entrances and pavements. companies who use public space where there's the most demand not where it makes
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most sense in terms of traffic was for instance for its us. if bikes start to accumulate they're supposed to be collected and redistributed a geo fencing program on your find shows where to park and when not to park the out also saves the route to the bike the german manager wants to dispel accusations that it's all the way to collect customer data. you have to read the data protection policy when it clearly states that we don't pass the data on it's used internally to develop the app on our services or lose our cyber bordering the most and. for now it's still in the test phase. whether or not be any bikes can stand up to the competition. only time will tell. britain's finance minister has the an enviable task of trying to relieve the burden
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of austerity while reducing borrowing and the timing couldn't be with us in his autumn budget on wednesday philip hammond lowered his country's five year growth forecast amid grex of uncertainty the country's decision to quit the european union has resulted in a shop fall of the pound and an increase in inflation now he set aside three billion pounds for bricks at contingency plans. bolivia is rich in natural gas but not all of its resources are being exploited at a time when countries around the world are eyeing natural gas reserves considered clean up fossil fuel and on wednesday livia signed a raft of deals with international companies to develop the sector it's one of the biggest gas contract symbol of years history foreign companies will invest one point six billion dollars in the development of the country's natural gas fields they include british dutch company royal dutch shell repsol from spain petrobras
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from brazil and argentina as pan american energy bolivia's president is eager to quell doubts that the socialist government overnight on the agreement. contracts are going to be fulfilled. we have a flexible cabinet of ministers and a parliament that is well organized and will approve policies that favor bolivians . to guarantee major investments in bolivia. in two thousand and six the newly elected president evo morales nationalized the gas industry using military force foreign companies receive compensation but were not happy the move made very unpopular with investors but that nationalization was a boon for bolivia generating extra revenue that was in ten invested in oil and gas production. the output of natural gas has increased enormously since then by more
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than fifty percent in ten years to around twenty billion cubic meters today the majority of households have gas plus the government has been able to build new railways streets hospitals and schools president morales is confident that the new mega deal will give the country a fair the big boost and promises that this time he'll stick to the contracts with foreign investors and they likewise have an eye on the future bolivia is the biggest natural gas exporter in south america and there's still plenty more in there is. employees of bankrupt line then taken to the streets in the german capital to protest against job losses their futures hang in the balance and the company's new owners left hands and easyjet. they say they've been forgotten hundreds of former air berlin employees took to the streets to vent their frustration the airline's insolvency has left them in
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a peculiar kind of limbo. and here people today were calling on politicians to take responsibility but this is about a company takes over as the facts stand today eighty percent of us here are flight crews we have no work anymore we were let go conditionally which means we're not entitle to social welfare because we weren't officially fired i don't think people realize the situation got in for me and more than anger especially at the decision to guarantee payments of up to four and a half million euros to former air berlin c.e.o. told must think i'm on. many people accuse the company of breaking promises. to restore back to square one people need to apply for new jobs from scratch not other companies which makes sense but we've been counting on being kept on with the same salaries as had been promised this hasn't happened and that's a great shame. the protest took place as air berlin's bond holders learnt that
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they're unlikely to recover more than one percent of outstanding debt as a result of the company's insolvency meanwhile the future of thousands of workers remains up the navy air. and that's all for all this edition if you want more check us out on facebook and i'll be back with even more tomorrow same time same place until that and the date of the business and thanks for watching.
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