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tv   Business - News  Deutsche Welle  March 26, 2018 7:15pm-7:31pm CEST

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is going to. tell managers you know good day nothing to change you know the banks you know why and so what's the language of the bankers running. for speaking the truth global news that matters g.w. made for mines. climate change. waste.
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pollution. isn't it time for good news eco and africa people and projects that are changing our environment for the better it's up to us to make a difference because let's inspire each other to. be committed for the farming magazine. long d.w. . science book finds itself than ever. now the u.s. consumer watchdog is running up the heat as big of a tossing signs are jumping ship on the world's biggest social networks of five the latest privacy stat. gyptian go into the fold. so elect
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a new president oh good has all seasons of ministration been for business. on the show as the u.k. lines up to leave the e.u. . wilting before they warmed yarning british it's. possible i'm going up now this is a business. in berlin. it's official the us federal trade commission is investigating facebook stock is trying to determine whether the company's privacy practices cause quote substantial injury to uses facebook stock plunged to further the deaths on the news following last week's decline the social media company has been on the pressure following a series of privacy scandals hash tag delete facebook has a new supporter in law and musk the billionaire tech maverick has now deleted the pages of his company's tesla and space x. but that's by no means the biggest low for facebook big advertisers are jumping
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ship like firefox creator mozilla in speaker manufacturers so knows the privacy scandal is expanding rapidly politicians the world over are raring to take action against data breaches. in the future going to monitor companies like facebook much more closely and as well as punish data protection violations quickly severely and seriously. on friday these images of a police raid on cambridge analytical went around the world the company reportedly misused the data of fifty million facebook users to target election ads to influence the twenty sixteen u.s. presidential vote to federal trade commission's probe raises the threat of billions of dollars in penalties for facebook. now how serious is this new investigation how damaging is that for the company that are the most valuable companies in the world joined by silicon valley entrepreneur and why it's a coffee smith who joins us from studios in washington causes should we all really
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be angry about facebook have we all forgot that on facebook the use that is the problem is. i think facebook actually helps us forget. i'm not sure if we should entirely only be angry at facebook and maybe also be a tiny bit angry about ourselves. but facebook definitely suggests that users are in a far more private environment and makes it very easy and convenient for people to share a lot of user data and to engage heavily and even share their friends' data so we all feel a bit safer than we actually are governments have begun to look more closely is the regulation do you think up to speed with social networks that constantly evolve and what do we expect from the large so he f.t.c. and the u.s. authorities. unfortunately i think the governments
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are in a catch up moat many legislator legislators in government might actually not be super familiar with facebook so i think right now it's really the time to get ahead of the curve and to familiarize themselves with the social network and how data is used by bringing in experts and probably also by using the app itself and by also talking to advertisers to getting multiple perspectives off like how data actually works and it's monetized on facebook but i feel they have a big catch up to do so what do you think facebook end up like my space i mean now it looks like they're bleeding news is could they is it too big to fail in the end though kind of they're like my space. i think it's definitely an extension of crisis however facebook has become such a big player in our lives we not only use it as
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a social network to share photos and memories with our friends but we actually use facebook as well to log into other apps instead of creating new accounts there we use it to remind ourselves of birthdays we use it to organize events and there is currently no alternative to facebook to replace all these important functions that we actually use every single day and i also doubt that this can be built overnight however the value of facebook is really the value of the number of friends and users that use it so it's definitely an existential crisis and facebook is taking a bit big hit right now. joining us from washington thank you very much for this analysis. egyptians have begun three days of voting to elect a new president but there are a few doubts that president up to fatah al sisi will win a second term his supporters say he's brought stability to the country of rock to
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rest since twenty eleven it is important for tourism in particular were just picked up again boston other parts of the economy are still struggling. the times may be turbulent but businessmen on cairo's streets seem to be content with their president. or not directly but you can bring me his replacement. if you can what would his replacement do what does he present what will he present our presidencies he can do it all. we want someone who we will be stable with. for. the support for el-sisi is obvious but have the egyptian people really done better during his administration unemployment has gone down slightly but it's still high at almost twelve percent and egypt's deficit has widened now at over one
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hundred percent of g.d.p. . alone from the international monetary fund should help the economy twelve billion dollars six billion of which have already been distributed but the country needs to set a strict austerity plan in motion the government has to float the currency on international markets cancel energy subsidies and introduce a sales tax of fourteen percent. that's cause prices to rise and the egyptian pound has lost value inflation has increased under el-sisi last year up a daunting twenty five percent. it's hard times for businesses. and yet they still support the president's plans. of course i will vote for president sisi vote for him for the stability of the country. we're living in stability. we have to keep living and stability. but i'm nothing like that with.
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it's unsure whether all egyptians see it that way after all a third of the population still lives below the poverty line. south korea has agreed to cut steel exports. to the united states by thirty percent in order to avoid tariffs threatened by resident on the trump south korea's trade minister described negotiations with the u.s. as fierce but insists that the country wasn't in a weak position the asian country is the third largest steel exporter to the u.s. after canada and brazil pledged to reduce steel exports as part of revisions being made to the existing free trade deal between the u.s. and south korea back here in europe breaks it is still causing a major headache britain's plan split from the european union leads to major uncertainties especially when it comes to future trade relations if britain leaves both the customs union and the single market border controls and customs checks
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will have to be reintroduced both slowing down traffic of goods and that's bad news not least for the flower business. since flowers only hold their beauty for a limited time getting them to the market quickly is crucial here in the dutch time of friens broke the floral trade dates back more than a century flowers auction here come directly from bro its greenhouses a third of the flowers on sale here are destined for the united kingdom. to be in england before six seven in the morning as latest everywhere that's what to try to do speed is the watchword in this business but when britain breaks away from the european union if things could slow down considerably and costs could increase. our exporters fear that their fresh blossoms will spoil in shipment as they wait in line for customs clearance. will be trouble for our customers and the customers of
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the worse it's everywhere in england. so for the same it's hard to sell those flowers this is no small deal either the floral business plays an important role in the dutch economy sales of flowers to the u.k. alone total of around a billion euros a year. and i think that in the u.k. people at the moment don't know what they are facing in the next year it will be a big problem not only for flowers and plants but also for foods and fresh meals and no one on the dutch side knows whether the floral business will continue to blossom after breakfast either but one thing's sure trade in general will become more complicated once the u.k. leaves the e.u. . tax cuts and increased government spending could accelerate economic growth in the united states over the next two years that's according to a new survey which projects the economy will grow two point nine percent this year it's best performance in three years since the national association for business
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economics lost its forecast presidents from as push to one and a half trillion dollar tax cuts through congress. ministration insists its economic policies will celebrate growth this is all rates of three percent or even more though george economists consider to be unrealistic. and that's it for me i'm busy time on a global markets this hour and thanks for watching thank you bob we've. we've . we've we've.
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the never ending construction site. for tourists. cologne cathedral joining us as we explore the history of this imposing house of worship. cologne cathedral starting march twenty ninth on t w. you tune to tomorrow today coming up. troublemakers devices designed to help you break bad habits. progressive packaging and inventor makes cardboard boxes from grass. and shoveling for seals volunteers protect a threatened species. in our first story we'll be looking.

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