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tv   Business - News  Deutsche Welle  August 8, 2018 5:02am-5:16am CEST

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think sanctions i don't think so the exodus of foreign companies from iran begins with renewed u.s. sanctions taking hold. facebook tries to explain its way out of what sounds like the next doctor scandal involving banks. and the digital dumpster how it's them is unclogging city streets with smog bins. let's do business actually doing business with iran just got tricky. many multinationals do business with both the u.s. and ran for president or trump says it's either or. european companies are in a tough bind washington says firms that do business with iran will be excluded from the u.s. market the e.u. has responded with legislation that bans european companies from complying with the sanctions brussels sent a clear signal. we believe that it is and it has to be up to.
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the europeans in this case to the side with home to trade with major corporations like their bus undying love decided to quit operations in iran instead of risking sanctions themselves but medium sized companies cannot afford to give up the market and brussels is still hoping that washington won't proceed with sanctions when e.u. companies mechanism softness to the hope is that americans won't sanction european companies or otherwise disadvantage them but the more they do that the more we have to protect our business with credit or investment guarantees. could it got in it's gotten tea in the new you law provides recourse to any european companies hit by u.s. sanctions but even if they can claim compensation for any losses incurred many of them are still stuck between a rock and a hard place. more on that let's talk to our correspondent on wall street. sophie
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how much of a further strain will this be on transatlantic ties in your opinion. well i would say a lot at the moment the other countries all faced tough decisions now on whether to continue trading was terror on and risk u.s. penalties or to fall in line with the trumpet ministration before sanctions on oil are due to take effect in six months the white house's policy has faced a lot of resistance from your of friends germany britain they all want to preserve the iran do even without the united states so now the e.u. is trying to get exemptions for domestic companies and it is not clear yet if the white house is going to grieve the u.s. treasury said in a statement that the state department would evaluate and make determinations with respect to a significant reduction exemptions by country seeking such exemptions were advised to reduce the volume off their crude purchases from the even run during the one
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hundred eighty day wind down period critics are saying now champus ethen letting the situation for basically everyone for basically every country involved would you say it's clear that. what the u.s. government ultimate goal in sanctioning iran is. i think that's hard to say clearly washington is intensifying the pressure on iran let's hear what the national security adviser had to say john bolton said the administration approach to iran and by the way north korea was the same maximum pressure on both governments to give up their persecute to live rubel nuclear weapons but a woman not to talk to see if the needers are going to find a way out a side effect with big impacts would be a rise in oil prices supply would become more scars left iranian oil in the market maybe american oil producers would benefit but all in all this is just part of
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triumph way of negotiating with other countries with pressure being brought up being the elephant basically in the china shop off international diplomacy and main quite a mess that shops are future events thanks for your analysis. trying to contest the stock was told to choose the following tweet by its c.e.o. you know musk roach he plans to take the electric company private and has secured the funds to purchase it four hundred twenty dollars a share at a value the company has seventy billion dollars just like shares so just by eleven percent before the trading hold was under pressure to prove he can turn around a loss making operation going private would allow him to circumvent scrutiny by the monkey to regulate. facebook continues to cause concern about how private diaries there are reports the sprawling media company has been trying to get its hands on out bank account details. the dust is yet to settle on the facebook
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cambridge analytical scandal in which the data of millions of users were harvested to further political agendas and now facebook wants to collect detailed information on banks clients to broaden its range of services and increase user engagement on its messenger app which has one point three billion users the wall street journal says facebook has approached several major banks including j.p. morgan chase and citigroup but many of them have turned it down they don't want to pass client account data onto facebook facebook has denied its asking banks her clients account data it says it simply works with banks to offer uses a connection to check their account balance or chat with the back. editor in chief at motherboard deutschland mucks joins us now. and what should we actually believe this time i do remember that last battle it wasn't all that long ago true true we keep talking about facebook on this show right well i think we have to
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remember that knows such thing going on as a facebook representative and a banking representative meeting in a dr raj and exchanging secret of hard drives. no dodgy video it's not really about what the your wall street journal headline kind of suggests that facebook is giving access to their users and then asking for the banking data of the banks and it was especially only brought us banks they don't know all of our banking history by now what this is about though is facebook trying to become more and more of a platform where you do all your daily dealings on banking and financial transactions honestly one of those so does want you to spend more time on the platform so they get more of your data so we would need. at the end of the day wouldn't it whether not from the banks all from us but i guess it's the point that they have to ask us and our banks exactly well interestingly we're talking about facebook messenger which is a product that's not been talked about so much but it is one of the essential tools
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when it comes to product development and they already have a feature called marketplace we can purchase things and so it's only natural for facebook to try to do more with messenger and if you want to opt in on messenger. doing you know your financial dealings on on messenger then yes you will and your banking details you will enter what you do on your bank account and then facebook will know that so actually getting you a history of banking transactions not that interesting for facebook but having a perspective to have your data. and that's all development if you want to opt in yes it sounds like what they're trying to do is copy the chinese apps that have mustered this system of retaining cost of his and making sure they stay in that one app and do everything pizza's telephone with friends and update their bank accounts yeah you probably referring to one of the most popular chinese apps called we chat and i think the silicon valley has been doing this all along if you remember for
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example amazon it started as a book company and now they sell everything what do they not sell so facebook is just following that same strategy of trying to become an integrated platform for everything and yes that should concern data privacy as well and everyone who wants to use facebook should have that in mind. it's not that simple as with the chinese model because facebook is not a state state related company like. thank you very much for coming in extremely interesting stuff thank you. if you're driving through amsterdam you'll know it's like a game of super mario brothers you have to have one foot on the brake at all times and there are all sorts of digital solutions to ease the traffic. amsterdam is doing everything it can to prevent cars from driving into the city center but traffic is still a problem that's because it's not just hard it's filling up the streets as a garbage collector robert slobo explains. the situation in amsterdam has just
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gotten worse with the increasing number of tourists you've got to be even more careful. with so many street cars taxis cyclists and pedestrians on the road it helps to keep the number of trash collecting trips to a minimum so these garbage trucks only go out as needed when the underground bins that store residents trash throughout the city are full but how do trash collectors like robert know when these bins need emptying. he can see it on his tablet it's linked to sensors inside the trash bins and calculate the most efficient route before he sets out that it can stop work has gotten a lot easier in the past ten years we used to collect garbage bags and throw them into the trucks now we operate a cream we don't get dirty and we're a lot more efficient. we were sure. this is still
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a pilot project but because it's so successful the plan is to use the system across amsterdam leonia viren from the city's public works department is now looking for a company to carry out the job which offers many benefits. and all the big and the amount of garbage varies for example in the some others less of it he says and we can also let our people take vacation. planning is especially important since we don't have enough garbage truck drivers. the plenum with a note over a may. roberts work has been truly enhanced thanks to artificial intelligence. ten years ago i couldn't have imagined that i'd one day look at a tablet to see how much garbage is in containers. and so today it was a job that used to take ten people can be done by one person. but robert isn't
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worried about his own job as already mentioned there's a shortage of garbage truck drivers even in high tech amsterdam. business with.
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