Skip to main content

tv   Business - News  Deutsche Welle  December 12, 2017 2:02am-2:16am CET

2:02 am
germany's top domestic intelligence official says thousands of germans were targeted by chinese spies posing as head hunters or researchers. unfocused unfair and ineffective the u.s. representative scolds the world trade organization at the bodies meeting in argentina in or turn to your leaders lashed out at washington's tax plans also on the program bitcoin futures begin trading in chicago bullets stabilize the price of the cryptocurrency or burst the bubble and sick babies contaminated milk and a sales ban the world's largest food producer is facing a salmonella crisis. this is a business i'm christopher will welcome and we start the program with the turmoil at the world trade organization at the bodies by annual meeting and when is iris
2:03 am
the u.s. representative said the w t o has lost its focus and was going to easy on wealthier developing countries like china the e.u.'s top five economies it back saying donald trump's tax cut plans may distort international trade. protests are a common sight at these conferences but they're not the only ones upset with the w t o the united states was once a big proponent now under president donald trump it is more of a skeptic well all members agree that the w t o needs improving the u.s. is threatening to pull out altogether a sentiment made clear by u.s. trade representative robert slight ties a who presented a veiled critique of china in particular we cannot sustain a situation in which new rules can only apply to a few. and that others will be given
2:04 am
a pass in the name of self proclaimed development status far from the usual trade wrangling with china this was an attack on the w t o itself with the e.u. seeking to strike a more conciliatory note. so we need to have a clear objective in mind for the european union this is to preserve and to strengthen the rules based multilateral trading system and for its to thrive it has to develop it is not perfect but it's the best we have and we have achieved great things together and we can the w t o maybe we can buy skepticism from within but there's still room for progress. but as of monday you can bet on the future price of a bit current on regulated markets which is lending the cryptocurrency credibility investors are going for the safest options the one month future gesta made a twenty one percent gain on the value of bitcoin this year the cryptocurrency has
2:05 am
set records it is currently trading one thousand six hundred percent on the year now some analysts are concerned that a bubble may be in the making now for some more insight let's cross over to our markets men korda in new york yes you've got here is a financial reporting under your belt how do you evaluate the surge. it is certainly the talk of the town right now everybody talks about it let it be kept driver's kids and interest in that correctly. so one of the platforms where you can trade bitcoins is one of the most downloaded apps here in the united states or to a certain degree of reminds me a little bit of the of the time of the dot com furia you had back then companies who scribbled ideas on a network and then they brought those companies public and the stock price has exploded so well i mean there is certainly some risk to it and it's not that i
2:06 am
haven't seen anything like it before but it is certainly a frenzy but also big then in the year two thousand when the dot com bubble burst some companies died but also some to wife that are quite lucrative today now let's look at bit more closely here is the absence of regulators like central banks for example actually attracting investors it might trick some people using it and if you look at transaction costs that you're quite often have banks or so those can be avoided if you use. are also the underlying block chain to good knowledge what the step means and now you have futures trading well nothing that changes at this point and vote it won't be more regulated it just means that some investors have the possibility to bet on falling bitcoin prices that wasn't really possible that much before and now that this is possible you will
2:07 am
have some bigger institutional investors who now will be allowed to head sure might have pension funds for example as it managers who can participate in this game so you can make some money but you certainly also can lose some money like always future will tell you and scored in new york thank you. apple has confirmed plans to buy app maker for a reported four hundred million dollars the company develops software that identifies songs using your smartphone after richard forwards here to the song on your favorite music service analysts say apple wants to use the acquisition to bring more users through its own music offering and away from competitors like spotify. germany's biggest tech group siemens slashing jobs around the world and in germany now that's infuriated employees and politicians as humans posted record earnings lake now the company's management has been called into the economy ministry in berlin for talks. making noise to make sure their voices are heard
2:08 am
german tech giant siemens is planning to slash six thousand nine hundred jobs worldwide around half of them in germany the company says the move towards renewables has put pressure on its turbine division eastern germany will be hit hardest with sites in the cities of light seeking gurlitz to be shut down completely. protesters accuse even c.e.o. joke of leaving them in the lurch. so this isn't necessary that's why we're so enraged joe casey himself said after the last election that the rise of the if he can be seen as a failure of the elitist class well he belongs to the elites and if he continues what he's doing in eastern germany the populist message will resonate all the more populist and german economics minister will get to two places to hold meetings with the local representatives as well as management in berlin. statelessness and i think we have to recognise that industry in germany is in the process of
2:09 am
restructuring. on the other hand siemens has received one point five billion euros in public subsidies in the last twenty years in the form of guarantees so there's a certain obligation in my mind to say hey let's take a more consensual approach. meanwhile siemens has signed contracts to build two gas powered electricity plants in libya but management says such a move does not alter plans to cut jobs in its turbine division in germany to spain the basque country is a key industrial region of spain the economy is picking up again following the financial crisis but because many left for work abroad local companies are now campaigning to get them back. engineering company x. atar produces parts for the automotive industry and lists major car makers among its clients ninety five percent of its goods are exported prompting the company to
2:10 am
embark on a recruitment drive for professionals with experience abroad including in germany seemed. the german market is very important for us so we need people who have good german who understand the culture and can relate well to customers. exit or was among several companies which recently took part in the jobs fair in the german city of munich it had a specific target attracting skilled basque workers home the event was organized by an agency called b. sky a talent which helps companies recruit staff around the world and. we're looking for people who have left the basque country for their careers but are familiar with our culture. we then connect them to companies which can tell them about the opportunities available. with the spanish economy improving jobs are opening up earlier this year engineer who lay in a bus has left her job in hamburg and returned to her home the move was arranged by this guy a talent. back when i graduated the job prospects were very poor that
2:11 am
applies to positions as well as pay. to have it done. now there are more and better paid jobs available and the economy i mean i understand what's on the bottom one of the. companies say recruiting abroad also saves time. since the people have been abroad specifically in germany they understand both cultures that's a big advantage compared to people who've only studied here and have to pick it all up on the side as a company we want to take advantage of this and. the talent scout in your peers to be working the companies have been able to peak the interest of many professionals ready to return home. yeah agree again i thought i'd gather enough experience abroad and i wanted to go return to my friends and family. that was the most important thing for me i feel
2:12 am
a fabulous i mean low so much input on what i mean thousands of spaniards have already returned home bringing with them valuable skills. a major case of salmonella contamination is hitting dairy giant french authorities say more than two dozen infants have become sick since the beginning of the month future contaminated milk now has to halt the sale and export of several of its baby food products. it's a parent's worst nightmare contaminated baby food although his child wasn't affected this father is planning to take action against the food produced elect alice together with other parents. own a pill is what we are afraid and we are thinking about what to do we are wondering whether we should go to the hospital immediately about any disease that could lead to committed use of those only. products made since mid february and now being
2:13 am
taken off shelves as part of a precautionary measure that could make it one of europe's largest food recalls this year and it is already affecting stories. this morning for example i had a parent who returned the beast to you tens of. millions of customers in other countries will be returning like tell us products the recall includes brits and moral pakistan and china among others but that may do little to quell the fears of parents. thanks for watching.
2:14 am
migration to sign him seekers remain hot topics in europe but european politicians trying to provide counsel so fans who fled wait might come to europe and a refugee crisis incites clips of them to cut the cost of a suite on d w. w e speak your language doesn't up. for content in dari pashto. prospects for returning to our web special. journeys like germany and the prospects for those returning
2:15 am
home. join the discussion on t w dot com and on facebook. prospects for returning. d.-w. maybe for mines. stories that the world over information they provide the plans they want to express t.w. on facebook and twitter up to date and in touch follow us. cause we've got to keep but it. is honest is it. by default i get to the a little sort of little energy house of a subaru to see. a lot if it's on its side the fittest post. will be easy.

57 Views

info Stream Only

Uploaded by TV Archive on