Skip to main content

tv   Business - News  Deutsche Welle  August 16, 2018 3:15pm-3:31pm CEST

3:15 pm
and outside the country travel rights tightly restricted by kim jong un's regime the south koreans who are here have a privilege and a dream. one put it all on the boss people caught at least one korea is already a reality. this is david is live from berlin we have more coming up after a short break. and germany with t.w. any time any place. news video.
3:16 pm
we have on the back of those. songs to sing along to come down to just a combo from soup. to music too much of. a very kind of into active exercises that are available and d.-w. don't come slashdot actually and i'm on facebook in the uk still. german for free but the devaney. company which owns the operator of the no one motorway bridge head south before they suspended from trading in italy. and turkey exporting companies feel the pinch their country's economy is thrust into the global limelight. it's.
3:17 pm
welcome to do business and we start with italy where the government is considering different options to fine infrastructure group atlanta the company that operates the motorway on which a bridge in genoa collapsed the of this week investors have already punished the company bringing shares down over twenty percent after they suspended trading this morning is the parent company alpha out there which some are blaming for the disaster the italian government has threatened the company with heavy fines and is demanding it contribute to the bridges reconstruction stratus says it conducted regular safety checks investigators have not yet to stop established the course of the collapse. so clearly when it comes to who is at fault the verdict is still out but a tragedy like that raises a lot of questions of course and for more let's cross over to already bought saw financial correspondent of the from fred stock exchange early if the collapse was
3:18 pm
caused by negligence on part of the operator what was that tell us about other key infrastructure in italy. well it certainly raises questions about the safety of the infrastructure of the state didn't have an overview of what might happen and if it didn't have a grip on what happened to this bridge in genoa but it's i think too early to make a general conclusion on the whole of italy's infrastructure and certainly in the course of the reporting on this disaster on this tragedy one saw a lot of pictures of roads in bad need of repair italy would have some funding from the e.u. to address the problem a spokesman for the commission said today that in the budget that goes to twenty twenty two and a half billion euros mark for italy to invest in infrastructure for example. just bear with me i'll be back with you in a second because we have another story i would like to discuss with you german rain operator dodge of on and telecoms john she joins you take all of both ending
3:19 pm
activities in iran as a result of the natives to sanctions targeting that country the iranian subsidiaries of both companies say they will still use consulting to teach there the u.s. says any company doing business in iran can be banned from operating in the u.s. and while the e.u. has created legislation to protect european companies many are unwilling to risk being sanctioned by washington. and without i'd like to go back to willie bots in front could only daughter i'm to georgia telecom both german industry heavyweights dropping iran due to u.s. pressure what signal does that send out to other companies doing business there or anywhere else in fact the u.s. is having issue with. it's just too dangerous so there's just too much at stake as you suggested the iran business it's an important growth fracture for many companies yes but in terms of total volume of pales in comparison to what's at
3:20 pm
stake if people lost access to the u.s. market or were subject perhaps to fines totaling billions that's been that's been imposed before by the united states and companies like your bank or the doj and have accepted that and when you look at this particular example the deutsche telekom all it says deutsche telekom but they have a huge u.s. subsidiary just. took over another company to become even bigger it's one of the biggest players in the telecommunications market in the united states there's billions of stake thousands of jobs right in the bottom front but thank you so much . china and the u.s. will hold lower level talks later this month and a bitch to resolve the it's escalating trade dispute the chinese promise ministry said a delegation led by its vice commerce minister will meet with an american group led by the undersecretary for international affairs at the department of treasury the
3:21 pm
chinese markets and currency have suffered losses in recent months investors have been spooked by washington and beijing's to attach terrorists. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in main the shanghai composite has declined more than ten percent and the you won has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the you once fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china to strengthen the yuan and it's also the man. ending beijing to make concessions to lessen its trade imbalance with the u.s. so while these low level trade talks are welcome news analysts warn that it may take some time before the two countries come to
3:22 pm
a truce. the time has come to take his rescue amid the currency crisis the qatari government pledged fifteen billion dollars in investments in turkey supporting a rise in the near and yet industries are having a hard time with the country's economic turmoil but not all is lost especially in an export sector that has prospered in the last twenty years now it's up to take his political leaders to make sure it stays afloat. jamil there is so glue has survived a few financial crises during his thirty eight year career the is to base producer of electric parts for cars and buses can still remember turkey's last economic crash that was in two thousand and one when he was forced to turn off his machines the situation today is different however. the news about turkey today has a potential export volume of one hundred sixty billion dollars annually the nation has developed a production based economy over the last twenty years before there was almost
3:23 pm
nothing produced that could be exported. within the tin and. while many turkish firms are gripped by losses and fears of bankruptcy exporters like the middle sized know are showing fewer signs of panic after all they continue to bring in dollars and euros at least in part next to tourism turkey's export sector brings in the most foreign currency that doesn't mean it's safe from the inflation and currency falloff of recent weeks however. that the after them we purchase our materials in part overseas but we still get a lot from local companies lately more of these liveries have been falling through because the businesses have come to a standstill. that the trade conflict with the u.s. would affect only the steel industry is a commonly held belief here because europe is turkey's most important trading partner not the u.s. or russia nearly half of all turkish exports go to the e.u. . and many countries it's become normal to pay with your smartphone well in
3:24 pm
technology where we germany it has just yet now more and more banks are starting to offer mobile payment questionis while the germans and bracy. michael comrade's likes to drink coffee and what the professional legs even more than drinking his coffee is paying for it not with cash or card but with a smartphone. and. my wallet is heavy and bulky just the fact i don't have to reach for it is super comfortable it's a lot of fun to pay even though i'm spending money at it just because it's a completely different experience than paying with cards. because. it's an experience still rare among germans. cash remains king in germany where currently only two percent of customers pay with their smartphone those who don't
3:25 pm
don't see why they should and as with most new technology people worry about their data. the governments want to i only bought my smartphone this year for safety reasons i'd say it's too dangerous because of data protection so you feel it was a momentous when i tried to pay in cash as much as i can so i don't leave traces everywhere as medicine is too ok for me with all the data on everything. but slowly the market seems to be changing mobile bank and twenty six for example was one of the first to partner with google to bring smartphone payments to germany in late june. we can definitely see that there has been a strong need for users to have this feature because you have seen very very great time operates on the first couple of days for people who are actually waited for that and. if i look at also how the future is continuously news we have very happy
3:26 pm
with a feature that said n twenty six is the trendy fin tech start up popular with young and digitally seventy customers it's no great surprise they're embracing mobile payments. but the long. established german savings banks are also making a move to launch their own mobile payment up to most of the customers which means millions of germans could as of now pay with their smartphones could the tunnels and because of methods always evolve along with customers needs and these are very diverse there are many people who still want to pay in cash so we always offer the full spectrum of payment methods but it's like the new technologies will have more and more of an influence on. the mobile payment feature has been available since early august first results so it's not only young digital natives who are using it so maybe next time michael come right pops out for a coffee he won't be the only one reaching for his phone. and we have
3:27 pm
just time for this as more and more countries decriminalize the use and position of marianna the market for legal can of this is growing and industry has just seen its biggest investment yet us wine and to be a make a constellation bought shares worth four billion dollars in part to produce a canopy growth companies based in canada where we had will be legal as of october spending on the account of his worldwide is expected to more than double to over fifty billion u.s. dollars within the next five years. to keep some people happy that's a business update here on g.w. thanks for keeping the company.
3:28 pm
current flowing. culture. hair. color superman. superfood stylish dialogue on the job lead
3:29 pm
a. lifestyle during. the moment. where the real talent resides. i come from there lots of people in fact not been a brilliant get into blood nonsense democracy that's one reason why i'm passionate about people and aspirations and they can sense. the truth in the mission the book is trying to get in the name onto the floor of the un in one and i remember thinking at the time because born in broken fullwood anything can happen if people come together and unite for a call. but i do the news i often confront a different or situations more conflict between does the us down the high seas
3:30 pm
response my job to confront was does one policies and development of a spotlight on issues that matter most food security question marshall nicely since . to not have to be cheap but so much more needs to be john and i think people have to be a concrete solutions my name is on mcclatchy not you know what katie doesn't. mean. everyone welcome to the day special edition of your next full of weird and wonderful stories is what's coming up. heavens above our hotel room
3:31 pm
with no board. policy time unicorns are also about spin london.

28 Views

info Stream Only

Uploaded by TV Archive on