Skip to main content

tv   Business - News  Deutsche Welle  May 2, 2018 3:15pm-3:31pm CEST

3:15 pm
a. lot of them. may have told some of us presidents read some type of hour long program and i mean moon pressed. for celebration world press freedom day may third on t.w. . but i'm not here i've been reporting from the microphones for young voters but i was you know side of no but
3:16 pm
the so much about focus on who's your favorite team. in the gym about the link between them a fanatic called syria. a champion of free and fair reporting for the last sixty five years w. me for mines. i think. is a blip or is the eurozone really losing steam growth slows sharply in the first quarter adding to fears about the blocks recovery. budget woes brags that blows a hole in the e.u.'s finances member states may have to tighten their belts. and go palla the women of nairobi who are disrupting the taxi market with you bapak. i've been fizzling that's the business growth in the eurozone is staging a shop slowdown in the phone. three months of this year the economy grew by less
quote
3:17 pm
than half a percent in twenty seventeen the economy expanded by a steady zero point seven percent from the second quarter through to the end of the year but an initial results by the european statistics authority for the first quarter of this year reveal a slump to zero point four percent last week the european central bank warned the protectionist dangers were affecting the monetary blocks recovery it's made up of the nineteen e.u. states that used the euro let's go over to frankfurt to our financial correspondent ali batts ali how bad are the numbers are we talking about. a blip a dip or something more serious. well it certainly is a dip i don't know if it's a blip i think it's a trend that's too serious for that and there are a lot of economists that are predicting a less growth this year than last not least because of course rising raw materials prices but also because of the possible fears of the effects of protectionist
3:18 pm
policies mostly emanating from the white house and the president on the trunk and the e.c.b. has already warned about other economists as well so it doesn't really come as a surprise to the people who observe these developments very closely and so these people i include the people in the financial markets and the reaction here was practically not a reaction the docks for the german trend went down just a little bit but it's recovered sense and it's going up quite nicely. people hope that it will be an improvement in the next quarter or in the quarter we're at now and one of the arguments for that is that one reason for the growth in the first quarter being as slow as it was almost half of the quarter before was the strong euro it peaked out at one dollar twenty five and as we're speaking it's about a dollar twenty so that's much lower that's much more favorable for exports you use the trend but then you go on to say we could see some sort of improvement in the
3:19 pm
following quarters i mean germany may be slowing but there are quite a few member states of the eurozone that look quite favorable. that's right and that's why it's it's possible that it's a downward trend from the high numbers we saw in the year before and for germany perhaps not the german figures come out in two weeks but if you look at other countries there is a clear improvement you look at italy or portugal or even greece they're doing a lot better spain also than they have and that's also making its mark in the labor market now the labor market is not yet something to write home about the overall rate and the rates and so. country still very high but certainly improvements there so the picture in the eurozone as a whole mixed but of course you need a strong france of course you need a strong germany to pull and for that you need protectionism to stop and you need free trade for the eurozone to really get kicking zero interest rates in the
3:20 pm
eurozone make a case for that all that growth we're seeing is not that it's that substantial and that's sustainable again the fears and hopes from frankfurt there with all the bad thank you. well he calls it reasonable and responsible european commission chief has unveiled a bigger budget for the block the reason being that the u.k. will blow a hole in the use finances by leaving it's a big contributor but all other states will now have to focus more close to one point three trillion euros in total from twenty twenty one to twenty twenty seven is a look behind the scenes at how they do the math. how much money can the e.u. spend and who gets what won't get subsidized and what gets cut to the windows and who then loses. every seven years the e.u. budget is a political struggle for money and power from brussels green party member of the
3:21 pm
european parliament tell get knows a thing or two about budget talks she's twenty cents at the negotiating table. the toughest is the behavior of especially the finest ministers or their ambassadors to say we don't have any money we are not ready to pay we are not interested in the common goals of politics because we are only interested in our national politics it's always every country looking at the tour saw how much to pay in as a country and how much to get back. brett says looming over the negotiations this time britain's departure from the e.u. will leave a gaping hole in the accounts of about ten billion euros a year how should this whole be filled should the budget be reduced as the austrian swedes and dutch suggest or a cuts to costly areas such as agriculture on the cards. or policies disproportion it's far too large a share of you spending and it doesn't deliver on the kit with the courts at the
3:22 pm
end of the day this is a very small part of the population and it receives essentially forty percent of e.u. spending i mean this is such an. even distribution the european commission wants more money to go into the pot and is reportedly proposing an increase from one to one point one percent of the blocks gross domestic product that money could go into defense migration and research one suggestion is an e.u. why digital tax on us tech giants but that's not without complications all of a sudden there would be a real tax capacity which means also some power transfer to brussels and it could have that the majority in the council is not ready to go for higher budget that would be a disaster from my point of view because that would mean that we all lose as europeans on the global level the e.u.
3:23 pm
budget can only be decided unanimously making difficult negotiations inevitable there's a lot at stake here specially for eastern european states which. tend to be net recipients of e.u. funds. a building boom is lifting the allure of lisbon a portuguese capital is a hive of activity after being down in the doldrums was so low property prices are rising but so rich. while lisbon is known for its beauty its property market was ignored for a long time that has changed in recent years investors have been pouring money into lisbon's real estate sector in twenty fifteen investment in commercial property more than doubled from the previous year to eight hundred seventy six million euros and the levels have remained truly truly high since then. real estate prices are also rising in the portuguese capital from the city's historic center they increased sixty seven percent between twenty seventeen and two thousand and eight
3:24 pm
according to local real estate experts so affordable housing is harder to find and some residents are becoming more marginalized in twenty fifteen be authorities cleared slums on the outskirts of lisp and while that may have offered some property investors a better view locals when given an alternative critics say so portugal's property boom is also leaving many behind. time to take you for a drive through downtown nairobi is a small revolution happening on the streets of the kenyan capital men once dominated the taxi sector now women of muscling their way in with a powerful tool that the heads of popular right hailing app called little caps customers choose if they want a male or female driver. of the new era is here understand english self-confident wanted that and to kenya's female taxi driver as the little cabs app allows customers in nairobi to opt for a woman driver. that's becoming increasingly popular so female cabbies around the
3:25 pm
rice. with that said you know. you are very few who are like fifteen of love. to one hundred to one so far and also you are looking old to be more kenya's economy is expanding but the increase in wealth is far from equally shared women still worse off than men. i meet the best. it's the best option people are. just sitting at home asking for handouts from. anyone. and interesting exists in. the cabbies and around five hundred euros per month. depending on how many call outs they get the feature is a rating system too but for most it's having
3:26 pm
a woman at the wheel that counts. i'm more comfortable being driven by a woman than a man one. woman. is it to talk to it makes the ride more enjoyable and. the job looks easier than it is the women have to be strong and self-confident partly because many men still see driving as a male demanding harassment can be a problem too obviously expect them to see a very beautiful like me in these left obviously we'll but the don't get into it very much you don't want them you give them a one in this top. this is also an s.o.s. but in the rare cases they need more support and one day these pioneers want to have their own fleet exclusively for women to watch out more on the digital front and big brother will be watching if you go through the newest terminal at
3:27 pm
singapore's changi airport testing facial recognition technology for checking in immigration and boarding the airport. says it's partly to locate lost old light passages but the plans have raised privacy concerns those in charge also want to use the latest tech to predict flight arrivals quick and cut taxing times of the runway i don't mind being watched nice doing business with you i'll see you again very soon here on the band fizzling or news at its gala event.
3:28 pm
clearly for our. culture. card hair. superman. super food stylish style icon. lifestyle you're wrong. your. next.
3:29 pm
guest on the charm. money is a strong country. so we have achieved so much we can do this and if something hinders on some we must overcome it. going where it's uncomfortable global news that matters t.w. made for mines. we make up oh but we want tons of our food the un does the trick but we are the civil service and. they want to shape the continent's future who can speak part of it and join our dumpsters as they share their stories their dreams and their championships the seventy seven percent platform for africa chart. philosopher and star adored and despised by karl marx farrakhan of communism
3:30 pm
a man whose ideas changed the world but also divided our will of india is he today and what influence does he have on politics and general culture. on the two hundredth anniversary of his birth the documentary marks and his ears do w. . good. to have you on board again some fantastic photos to the list as this is what's coming up that today so. colorful of this artist gives a black and white soldiers into the next. battle alice in the spanish capital.