tv Business - News Deutsche Welle October 25, 2018 3:15pm-3:31pm CEST
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for any breaking news can also use it to send those photos and videos. so we'll have more on the size of balakot and your business update with ben facility in just a moment i'll be back up to talk of the hour in the meantime of course there's always the web sites that speed up new dot com so many choices a good. book . scars cover don't forget women in russia have to live with violence sexism and oppression a lot of muslim men finances knowing when russia. where putin is petri arche rooms
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today women's rights were already gaining traction hundred years ago. people here don't have a clue about feminism but there are women who want to instigate change in everyday life for justice and equality. under the skin of russia's women starts november thirteenth on g.w. . you need. to do that. when you're up the creek without a paddle there is not much you can do a c b holds off at a rate hike but confirms that it will end its massive bond buying scheme by year's end that's despite a doc around folk. lodge and city of anger over state spending cuts the lower house of congress approves and all still a budget bill. acas attack cathay pacific the airline admits to
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a huge passenger data leak but hof a year after it happened. and how the philippines has managed to save its most popular tourist destination from tourists. i mean physical and let's do business the outlook for economic growth around the world is darkening and political turmoil in italy looms large over the eurozone nevertheless the european central bank will continue to phase out its on preset dented stimulus measures e.c.b. confirmed on thursday that its two point six trillion euro asset purchasing scheme will end this year and interest rates could rise of the next summer president mario draghi said that the central bank still sees risks to euro zone as broadly balanced regarding italy's spans with the e.u. over the country's rejected budget mr druggy said easy be the leaders didn't discuss the matter widely and that he personally hoped both sides could find
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a solution. let's bring in paul bullets at the frankfurt stock exchange. let's talk about italy first of all quite surprising to the not talking all that much about italy considering where mr draghi comes from. yes not just the fact that he's italian also a lot of questions in the question around from journalists about italy and that's of course because there was some expectation that mario draghi and the e.c.b. might in some ways show that they would you know are leaning towards helping italy in some way shape or form but none of none of the sort happened mario draghi said that he personally is confident that an agreement will be found because both sides were seeking a dialogue however this is mainly
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a fiscal issue and the e.c.b. doesn't deal in fiscal issues it deals in monetary policy and so at this point it's not going to get involved it will however continue to watch the situation continue to watch for possible spillovers should italian banks get into more trouble and should that be the case it may adjust its policy we'll be looking for december to see what's going on you know until now and following the financial crisis the e.c.b. has basically used up all that supply of power but it is going to start winding back that stimulus program of its use in. wa. well you mentioned all the risks and all of these these risks that have sprung up and that are there and are you drunk and acknowledge these risks and said they were
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there but they weren't significant enough to change monetary policy because a lot of them were country specific factors you mentioned the german car industry for example which is having a pretty bad quarter right now but the expectations for the following quarter aren't that bad he said also that consumption was still pretty high rising wages. and the business investments and that's that's why it's important for the interest rate for. sorry that for the interest rate consideration for. others who puts first in frankfurt thank you very much. thousands of people have taken to the streets of one desires to protest against austerity he had been sitting and president and lawmakers in the lower house of approve the unpopular budget for next year which includes a range of spending cuts aimed at reducing debt. dozens of protesters hurled rocks in front of congress while police in riot gear responded with rubber bullets tear
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gas and water cannon. nearby thousands gather to oppose steep spending cuts and tax hikes aimed at or racing the country's budget deficit tensions are rising as public utility subsidy cuts trigger higher heating and electricity bills that's fueling inflation which is expected to surpass forty percent this year earlier this year president mockery committed to the austerity efforts as part of a fifty seven billion dollar bailout package with the international monetary fund analysts say the loan will help cover the government's financing needs through next year but activists disagree. that it's the budget for the i am if not for the people everyone suffering because there are layoffs companies are closing down and the government is destroying our entire research infrastructure there destroying everything we will be left with a country with a monumental date and no way out. is inside me that we've taken to the
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streets so this budget is not approved this is the beginning of a popular movement to stop the agreement with the i.m.f. . south america's second largest economy is expected to contract by two point seven percent this year and another half percent next year mockery needs the budget to pass to maintain his economic could just not plan and turn the economy around. flung cathay pacific before well hackers could have some of your most private data and they could have had it for half a year now that's how long it's taken the airline to report this to authorities and the public talking about the details of some nine and a half million passengers. a check in with potentially serious consequences the un authorized access at cathay pacific was uncovered during routine checks on its internal i.t. system the hong kong authorities were informed of the incident on wednesday. the
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data exposed includes passenger names physical addresses and passport numbers cathay is now the third major airline this year to reveal it suffered a large scale data breach. last year alone cyber attacks cost companies an estimated four hundred fifty billion dollars and a growing wave of data breaches. the biggest revealed so far was in twenty thirteen when the data of three billion yahoo users was stolen. the second most serious breach involved friend finder in twenty sixteen when the passwords and e-mail addresses of four hundred twelve million users were leaked and last year a cyber attack on american credit bureaus equifax leaked the social security numbers birth dates addresses and driver's license numbers for one hundred forty five million people the data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables
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computers in charge of production lines docs and hospitals generally those targeted have to pay or some of the cryptocurrency to restore access. the news from cathay pacific has millions of customers now worrying about the misuse of their personal data. the airline itself is under pressure to explain why it took seven months to make such a massive data breach public. now when years of mass tourism take their toll and once pristine beaches are almost beyond repair it's sometimes only one solution shut it down that's what the philippines government did with its most popular tourist destination after half a year it's open again and we sent our reporter john l. to larn for a little working holiday. has waited six months for visitors to. boosting years of environmental mismanagement and over tourism might take more time than the ready or not however the island is reopening amid efforts clearly ongoing
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buildings have had to be raised and declared don't build zones or move to make way for you grow it's on a beach workers race to complete an overhaul of the underground sewage system was overloading the two hundred waste water being dumped into the ocean one key issue that led to his closure last year more than two million tourists came to this tiny island of just over ten square kilometers more than half of them for it now the tourism authorities are warning incoming visitors to manage their expectations and you can see why as it turns out fixing an island isn't easy here. it's been hard on business owners fernando dorris tried to keep his smoothie shop open during the shutdown but major roadwork displacing electricity posts had led to frequent hours long power outages that's set to continue and i'm going to pick the effect on us is that we struggled we made very little money and my staff suffered i couldn't feed
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them so they left. her some the closure and the island's complicated recovery is wholesale punishment for the misdeeds of a few but others see it as a sign of political will returning to brockley after years of poor governance. corruption is the main reason why you know the negligence of some of our leaders so we are all part of this kind of misery and painful journey of closure a bra and we all be learn our lessons from from this mistake and this is a wake up call for every filipino that is doing business in the country. then you brought. comes with a new set of rules like strict arrival limits authorities hope fewer people will keep it sustainable to stop businesses from cutting corners to keep up with demand but some worry a lack of accountability would be the sacrifice was for nothing i can make out if
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those who violated regulations were shut down and blacklisted others would be afraid to follow suit but what's actually happened is that no one has been arrested for violations no one's been punished no one knows how much was paid in penalties. it's possible barack i could be my dirty again because no one went to jail and. there's strong support for the idea here that the national government had to go to extremes and deprive iraq eye of its tourism revenue for a while in order to save it that the rescue continues as tourists return represents a new test for the island but when. i was doing business with you.
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europe every day very strange on top of the romantics on asked douglas. for student school in the. first clue. and then stores grand moment around him join hearing a tang on her journey. you know or an interest deduction toronto entering it returns home home. births. two years of species. a home worth saving and. yes those are big changes and most start with small steps but global ideas tell stories of creative people and innovative projects around the world. like news that come to
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the good news to bring a niche solutions and before stiction. community interactive content teaching the next generation about environmental protection. using all channels available to inspire people to take action and most of turning to build something here for the next generation the idea is for the environment series of global three thousand on t w and online. they're welcome to another year on that special all this week we're showing you around the most popular european countries to visit and today it's italy here's what's coming up. city of rome out's exploring the nation's capital rome.
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