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tv   Business - News  Deutsche Welle  February 24, 2018 12:15pm-12:31pm CET

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but a win over a direct rival of the bottom of the table would give them a huge boost in the fight for survival they're expecting a real battle. we'll have really hard tackles and a high intensity game every player will run to the max on both sides but i'm definitely not expecting an unfair match. saturday's dobby is a crunch game for both sides they found by blues they can expect a strong reaction from their fans. and that's the news coming at the top of the hour thank you for joining us. every journey begins with the first step and every language but the first word published in the. eco is in germany to learn german why not learn its simple online on your mobile and free themselves from. learning course because fifty german made it easy. they make
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a commitment. they find solutions. they can start. africa. stories of both people making a difference shaping their nation. and their continent. w.'s new multimedia series for africa. dot com africa. could german cities soon begin banning diesel cars that question was slated to be answered by a cord and leipzig on thursday diesels might now be controversial because most produce too many nitrogen oxide emissions but they're also very common on german roads us. surprisingly the prospect of
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a diesel ban has met with stiff resistance from those whose livelihoods depend on it but just six representatives have even warned that banning diesel guzzling trucks could hamper deliveries to the cities germany's oldest automobile club has also been speaking out to poke holes in this is the power behind people's livelihoods to say suddenly that they can no longer drive into the city almost amounts to expropriation and where it's always the people who can't afford an existence of electric cars who can't buy a new diesel that are most affected if that doesn't make sense to us that. pollution is a major problem and high traffic spots one that has consequences the e.u.'s to maids that up to four hundred thousand deaths a year in europe could be attributable to diesel emissions. but the leipzig court is taking its time with the question of a ban. on a decision didn't come on thursday after all it's been rescheduled for next tuesday
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to allow further time for reflection. the small baltic republic of latvia has in the last years developed into an important finance center for the region many customers from russia or bellerose for example now use latvian banks as they believe their money is safer inside the e.u. . but let's be as good reputation took a serious hit this week when it's top money man central bank governor good muslims have edge was accused of soliciting one hundred thousand euros a month in bribes. on tuesday he was temporarily suspended from office although he refused to resign and continues to deny the charges. been targeted by a coordinated campaign of some lacking in commercial. thanks in order to discredit
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the latvian state. the bank scandal has morphed into something of a political thriller after latvia's defense minister accused russia of pulling the strings on the scandal behind the scenes at the end of the week however that accusation was withdrawn again due to lack of evidence. the european central bank is now also under pressure as a member of its governing council rimsha bitch has access to sensitive e.c.v. information and europe's most powerful financial authority is also being called upon to respond to a second crisis at latvia's largest private bank a.b.l. v. which is facing money laundering allegations in response to the allegations the e.c.b. stopped all payments to a b l b on monday. latvia's finance minister sought to calm the stormy waters but. i can assure you the latin and finance system is stable banks
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have no liquidity issues depositors can feel completely safe to protect the finance sector stability and reputation i think lynch of it should resign while the investigation is ongoing. but even if he does trust will be slow to return at least until the scandals are explained and that will take time not. coming in and out too what do you think about today's news on the european union's anti trust watchdog has fired a shot at business cartels today the commission has decided to feature carse. and three other companies involved in these cartels well they excrete getting a fine because they came to us to reveal the cartels. in the shipping industry the fines affected chilean shipping carrier three japanese carriers as well. as
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a scandinavian carrier together they formed a deep sea vehicle transport cartel for almost six years in the automotive parts industry germany's bosh and two japanese companies ran a cartel supplying spark plugs to european car makers and bosch was also involved in running another cartel fixing brake system prices companies can escape fines by handing over inside evidence of cartels a system which in the cases announced wednesday proved to be effective. the german economy continues to tick along well and it continues to take in more than it spends last year federal state and local governments recorded a surplus of more than thirty six and a half billion euros according to the country's statistics agency that's the highest it's been since german reunification. europe's biggest economy also grew by around two point two percent and twenty seventeen and the federal government
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expects even higher growth this year. south korea has launched a complaint with a w t o against planned u.s. import duties on certain products made with steel and aluminum the european union also says it won't take new tariffs lying down the european commission has already threatened to counter measures on the table are possible duties on american products like motorcycles whiskey and produce e.u. representatives have repeatedly emphasized however that the bloc doesn't view the situation as a potential trade war. greece continues to struggle to clear up a scandal involving pharma giant no vomitus prosecutors have been investigating the swiss company for over a year it stands accused of bribing high ranking politicians to smooth the way for expensive sales and fast approvals for its medicines in greece now the country's parliament is also getting involved the affair has provoked furious reactions in
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greece where many blame corrupt politicians for the country's economic woes. kentucky fried chicken customers in the u.k. were left disappointed after the fast food chain was forced to close most of its nine hundred outlets because it was unable to get fresh chicken delivered the first food chain recently switched its delivery contract to d.h.l. which clearly had some serious logistics problems neither k.f.c. nor d.h.l. went public with the reasons for the shortfall. it's called petro and is meant to help pull venezuela out of its endless crisis. on tuesday the country's president nicolas maduro launched a new digital currency. but it definitely won't today marks the birth of the lead. cryptocurrency that can take on superman the petro not even superman could threaten
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it was the only way. to encourage trust in the new crypto currency the petro is to be backed up by crude oil reserves no one has faith anymore in venezuela's currency the body of ah inflation in the country is hovering around four thousand percent. food and medicine are scarce hunger and misery are now common in venezuela. move the petro help solve its problems. and well you would have thought about it all depends on the trust in the issuer we can see the example set by the body body in theory it's backed by the whole venezuelan economy but no one has faith in the body because nobody believes what the government says. that. that may be true but maduro at least claims that venezuela raised seven hundred thirty five million dollars on the petro his first day of pre-sale where in fact the president is so enthusiastic about it that he's
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already announced another crypto currency that petro gold is slated for launch next week it'll be based not on the country's oil reserves but its gold. every morning her into a cut thomas sets off on a job that requires speed and efficiency the two things that india's overstretched roads do not provide her window works as a delivery man near delhi for e-commerce logistics firm shadowfax he has to deliberate dozens of packages a day on time to customers in hellish traffic. another problem is finding addresses in india's many unplanned settlements pentodes house numbers and landmarks are often inaccurate and confusing. the money. but. her vendor often has to call customers for directions before. he can make that delivery that means he loses precious time further ramping up the pressure here the. finding
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addresses isn't easy sometimes there are several houses with the same numbers and then we have to call up the customer sometimes several times some customers get angry and say why are you constantly calling me when it's your job to find the address your delivery man will go but it's frustrating to know. the challenges are well known here at shadowfax the startup operates in seventy indian cities delivering everything from groceries and electronics to food or clothes co-founder via bow of country while is a big believer in technology to tackle logistics his company crunches traffic and location data and uses artificial intelligence and predictive analysis to optimize delivery pounds and times yeah i would say these problems only be sort of a break in the short term if you see in the long term yes the looming need for big actions according to it but in the short term it is definitely a deck which can make businesses move faster. the focus on technology also means
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delivery workers like harinder have to be trained in using the company's out tracks the entire supply process. at another shadowfax hub technology is also used to tackle one of the biggest headaches for logistics companies processing the huge volumes of goods unhappy customers return. india's e-commerce market is growing fast it's estimated it will reach one hundred billion dollars by twenty twenty the countries push to a digital economy is also driving more people to shop online but getting deliberate logistics right remains complicated in a country in which millions of customers are spread out across vast often unconnected areas it would take some time to cope with such a wide network and with the infrastructure. challenges offer. and that's what is really a quick witted so significant you know investment in the experience to come to sort
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of international standards e-commerce may be booming but brick and mortar corner shops across the country aren't going to disappear anytime soon. and that was the weekend business. louise at full speed. but always on the move. today and in the future.
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faces. the gap between the poorest and the wealthiest keeps growing. increasing inequality is dividing the world in a society focused on. sixty minutes g.w. . played your smart t.v. the smarter with the t w force more. what you want when you want it up to date extraordinary. to decide what songs find out more. cops more. state state by. the most colorful.
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