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tv   Business - News  Deutsche Welle  January 7, 2018 2:02am-2:16am CET

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russian president vladimir putin attended mass in his hometown sent petersburg. this week it emerged that i.t. experts have discovered a major design flaw in chips made by u.s. tech giant intel and others like a.m.d. it could affect every processor made since one nine hundred ninety five the flaw gives hackers relatively easy access to passwords and other encrypted data it's built into the very pocket texture of the chips making the computers call programs vulnerable to attack and breaches can't even be detected because they leave no traces in traditional log files some security experts are calling it the worst ever computer industry flaw it's an hardware producers are affected meaning the problem can be duplicated on intel a.m.d. and a r m processors that means smartphones laptops and also on cloud servers which
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means the problem is spread throughout the whole industry because i'm to industry for quiet. software updates are already on the way to help close at least some of the gaping security holes they could cause computers to run more slowly with some estimates indicating a death of up to thirty percent but intel says ordinary users are likely to lose no more than two percent of performance however a complete redesign of chip architecture will probably be needed to fix the problem completely. fires floods an earthquake in mexico and hurricanes in the u.s. help make last year the costliest in history for the insurance industry when hurricanes harvey and maria tore into the east coast of the americas last year they alone cost a total two hundred fifteen billion dollars of damage german reinsurer muni greece says industry payouts for twenty seventeen will come to a record one hundred thirty five billion dollars. of the three hurricanes it was harvey that cost the most the massive floods that inundated the city of houston
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accounted for much of harvey's eighty five billion dollars damage toll. devastating wildfires in california resulted in high claims because so many of the suburban houses destroyed were insured to the hilt yet the majority of losses from global disasters last year weren't insured in asia pacific for example fewer than one out of ten losses were covered and those figures don't include lost lives more than two thousand seven hundred people died in south asian floods but the disaster was less destructive for infrastructure than the u.s. eric and climate change is being blamed for the increasing number of storms. this year opened with the massive snowstorm currently blanketing the u.s. northeast and another active hurricane season is on the horizon insurers are gearing themselves up for more massive payouts. until now women in iceland have earned an average one thousand percent less than their male colleagues but those days are over equal pay for equal work has just become
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law there irrespective of gender ethnicity. sexuality or nationality the new law will cover over one hundred fifty thousand workers. until now women have borne the cost of the gender pay gap that cost is too high and to reach our goal we are all going to have to work hard some only then now we have the perfect chance to do so. the legislation affects the one thousand two hundred companies in iceland which employ at least twenty five workers who now have to publish their wage scales is the first time with all this full effect employees first and foremost they are offering their jobs and now it's up to them to show it to their responsibilities. and be part of this mission with. its hope the country's gender pay gap will be closed once and for all by twenty twenty two other countries have also made similar moves but for now iceland is the global pioneer. on wednesday in new
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york court convicted a turkish banker of fraud after an explosive trial over iran's sanctions busting that even implicated turkey's president red chip tire barrow on the jury found a tiller deputy c.e.o. of turkey's help bank guilty of involvement in a scheme to help iran trade billions of dollars of oil and gas for gold. turkey's foreign ministry brand of the trial as unfair and shameful a key witness had testified the president on himself had given his blessing to the deal. german wind water and solar power plants generated more electricity last year than ever before growing a whopping twenty percent to one hundred fifty four billion kilowatt hours renewables now make up one third of germany's overall power mix the heavily subsidized year which cost households on average three hundred euros a year making electricity here the most expensive in the e.u. . tesla has again missed production targets for its model three
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sedan electric car maker produce less than two thousand five hundred of the vehicles in the fourth quarter well short of the twenty thousand a month promised by company found a new law most investors are closely watching tesla's production figures to see if the electric car pioneer will be able to live up to its ambitions some of them have begun grumbling over the delays. there's free money to be had in germany but no one's interested perhaps because you have to buy an electric car to get it of the six hundred million euro subsidies the german government put up a year and a half ago only sixty five million have been claimed by its get two thousand euros from the government and the same from car makers the money was aimed at boosting e-car sales but they're still something of a rarity on german roads. british budget airline easyjet has begun domestic german flights the inaugural service left berlin for munich where berlin's recent
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bankruptcy left lufthansa with a monopoly on domestic routes and ticket prices have sought it's hoped competition from easy jet will help lower them again. when it comes to trade with non e.u. countries goods arriving in the e.u. are subject to customs checks this team prima hafen is inspecting a container from colombia cargo manifest lists detergent and fabric softener unusual contents for shipment from colombia the procedure takes two hours. not all inspections are so complex but whenever you suspect something's a little off with a shipment you have to take a closer look when i think. shipments within the you are only checked on a random basis that's about to change for the u.k. the country plans to leave the e.u.'s customs union or breaks it meaning shipments to and from there will once again have to be declared and cleared. you're not going
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to have the same shipping pace because of customs we want to move as quickly as possible of course because we don't want to be a financial burden on anyone. but the concerns of customs financial as well as security obviously have to be taken into account. the. carriers are watching closely hamburg shipping company e.t.s. earns a third of its revenue with it to u.k. business thirty to forty truckloads of. week ahead from hamburg to the british isles. with dog leashes of chemical products everything will have to go through customs that will be something new for the team on schultes and his colleagues e.t.s. specializes in entry european transport had little experience with customs. yes now also here it's up challenge without a doubt but we're definitely not giving up the market and then we just have to prepare ourselves educate ourselves and create the conditions to get things through customs here we have a partner firms in the u.k.
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who can do the same for us they're. heading for the name canonical. so i'm going to have to go into interim storage because the u.k. entry port of dover has neither equipment nor space to handle especially large loads. when you say the customs checks can only be done in dover and three hundred to four hundred truckloads a lining up waiting to be cleared and dover isn't especially big that's when you'll see enormous delays cropping up on the teeth in the event of to a norm for. delays mean costs cost shippers will add on to transportation prices not an appealing prospect for anyone britain is lining up to leave the e.u. in march twenty ninth. the pop up store with a difference fashion house claudette i dot com has opened a temporary outlet in its home city of hamburg for eight weeks customers can simply borrow the latest outfits. just the best i've just borrowed this coat and
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a skirt it's a new experience for me and so far i really like it make it fits within a fifty dischord closer now it's sustainable with a lot less waste that's where i think it's a great idea i hope it catches on my plate a ride as most of its business online customers can subscribe forty nine euros a month they receive four garments which they can then worth a four weeks for founders take live wilkening and poll offender it's more than just a business idea they hope to change lifestyles. it may sound corny but the big vision we have is that consumption patterns have to change and they can change and we can be at the forefront of that and make our contribution. that some left nearly two thousand items are currently in circulation they consist of clothes from up and coming designers along with selected vintage
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items and even pieces contributed by customers five employees are busy choosing shipping receiving and if necessary repairing the clothes the owners say they're reinvesting their profits to meet the company's growing demand. the company in the pop up store so customers could see the kind of things they could borrow they can also buy anything that strikes their fancy and when the store closes at the end of february all the clothes will go back to the warehouse but that's not all that will go back to stay true to its philosophy clyde and i dot com rented all its furniture and equipment even the pictures on the wall. this is the spectacular result of electrically charged particles colliding with atoms in the earth's upper atmosphere the northern lights visible only in the night time skies above the arctic circle. this couple from germany spared no expense to
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come here to the extreme of norway from us more adventure here and it's something special when we told our friends and family that we go to try. for a week and they were they become very jealous with the sun barely climbing above the horizon in deep mid-winter days are largely cloaked in darkness so the norwegians have come up with some rather special attractions for tourists a hotel built out of ice for example king crab safaris. and close encounters with killer whales in recent years know ways to resume sector has gone from also ran to leading light if you screw in school there were the last winter season we had the highest growth percentage wise but nearly twenty eight percent. makes me really happy. seven eleven. visitors to this increasingly popular corner of the world are also getting a buzz especially from those awesome night skies.
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on freedom and whole. world i come from the region is rich in history started on talent but so poor in education and opportunity and freedom this makes it especially difficult for independent journalists i see many of the younger promising journalists who are now making names for themselves all over the. song live along the way some might follow. with continue. their experience or freedom in a sense is life experience of the day you can visit it but your call comes back home. my name is your fish would i work at the.
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