tv Business - News Deutsche Welle October 26, 2018 1:15pm-1:30pm CEST
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expo's view on what the silicon valley and the tech was is toxic to female employees. that story and more coming up again hard as those shortly you're watching the deadly news to stay with us if you can. play play play play play play. and six. school in the jungle. the first clue less of them in the door is grand the moment arrives. joining a regular chain on her journey back to freedom. in our interactive documentary tour of an orang utan returns home in the long t w don't come to tanks. we make up over three quarters of us in the under the tip of we all of the civil
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service and. then once she's the continent's future it's hard to enjoy dumpsters as they share their stories their dreams and their challenges the seventy seven percent w.'s platform for africa in charge of. the lead. stock markets tanks once again despite us titans i wasn't on google parent alphabet reporting huge profits lists fear the streak of multibillion dollar profits could come to an end as geopolitical warriors crowd investor sentiment. and a new report suggests that the number of the super rich around the world has grown again then one country is set to replace the u.s. as the home of most billionaires. this is your business
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has some one hundred billion dollars were knocked off amazon and google's market capitalization on thursday investors fear their strong runs could be ending that's despite amazon's best ever quarterly profits its net income represents a ten fold increase over the same period last year their results were bolstered by its web services subsidiary as an outlook for the crucial fourth quarter including christmas fell short of expectations. the show has off of about the parent company of google also fell as much as five percent off for its disappointing third quarter result of its twenty seven point two billion dollars revenue fail to meet market's expectations google's avatar's business grew slower than expected from july to september while its costs were on the rise the internet giant has also come under fire for giving a nineteen million dollars severance package to senior management figure who was
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forced to resign for sexual misconduct in response to the criticism google received said it's fired forty eight people feel sexual harassment in the last two years alone among the thirteen seen about inches. here i asked to as a mark of germany have google whose motto is do no evil what's become of the old fashion the corporate with the toxic culture now. well i think things are as mine is all over the floor in my hands and about how i don't stray sions and these years and not get younger unconventional companies like google either are free here these are not so in two thousand and seventeen it will software engineer in a senior position published and i've received a diversity manifesto which is why i'm sure it is a charity and while it was met with some rejection from the employee it also gave internal support and many of us to basically said we will distract him from coding
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so why is the company i work for also had to learn that the hard way that station risk and issues are also widespread and unconventional companies and it takes courage and is also part of growing up to review these internal power structures and to make the workplace but an injury rise. which is very widespread and take a safe workplace for everyone. it was terrorism loco vies germany speaking to me earlier to brazil now the country which is bracing itself for sunday's presidential election runoff the country is headed straight for insolvency and a debt crisis spending cuts seen inevitable and have become a hot topic in the complaint and these cuts will hit pensioners first because pensions account for start growing thirty three percent of all government spending brazil has a generous system citizens retire at the age of fifty five on average but as demographics change that also may have to change. rush hour in
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sao paolo in brazil's biggest city many people work far more than eight hours per day some start at a very early age so they can retire at fifty five and then continue to earn seventy percent of their final salary for the rest of their lives for decades that's been the norm in brazil. it's what says that was hoping for after working as a teacher for more than thirty years an accident before retirement led to her salary being cut now the sixty three year old gets less than the minimum wage and now i have. no it's inhumane to have to live on a minimum salary everything is getting more expensive with inflation and all that we and people keep on getting a salary which now i can live on the baby so it's very difficult. with less than two hundred dollars a month she can barely afford more than her rent and although she bolsters her
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income by selling handicrafts she feels desperate about the future. they all know they only a day i have no idea what to do i have faith in god that he will open up doors for me but i really don't know it's very sad you know they have they. moved into this. says that situation is not an isolated case poor and middle class retirees especially from the private sector are finding it harder and harder to survive on their pensions so they keep on working sometimes for decades after retiring. so but even so i paid in more than twenty times the minimum wage and so did my company and i did that for ten fifteen years gains even then they reduced it to a contribution on ten minimum salaries that was so out of the day so in a nutshell i ended up retiring with only one times the minimum wage.
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so i do menial and life expectancy is increasing in the country it's a demographic change that's leading to fewer younger workers supporting more retirees in addition to the recent years of limited or negative growth and the very generous pensions granted to the public employees brazill is rapidly heading to a point where it was no longer be able to meet its pension obligations in twenty seventeen the government ran up a deficit of more than sixty billion dollars in order to cover pensions despite this unsustainability an overhaul of the pension system is politically difficult to achieve. usually their government and. remembers the problem only when there is no crush available. and not because you need that good sees things in order to people feel more secure more comfortable weekend
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a foreign system. and so all the time that the drive the reform always the scene this séance of cutting expenditures and not being brought by the in a better service. the issue of pension reform is complex and controversial and neither of the presidential candidates facing off in this sunday's election runoff have clearly addressed it however it's one of the most urgent challenges the newly elected congress will face in twenty nineteen. let's talk more about brazil with my colleagues and us officials from the w. business who grew up in brazil and reap. regularly poll see mr balsam hour here the right wing populist in front in the round of on sunday the brazilian business community is quite happy about that why now and the first place i think very simple because of them and their eyes anything is better than lifting
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up the working party again into power because they're working party is has been blamed for everything that is running badly wrong in brazilian economy at the moment and right. widely blamed although with the corruption scandals all the other parties will involve also involved but the campaign was basically putting all the blame on the workers party and they don't see how the working party can tackle all these problems related to the economy they have an unemployment rate of twelve percent at the moment huge step. and growth basically non-existing and so these are the main problems at the moment both of our being a right wing populist simmers donald trump was very opposed to this is the beginning of his brains and as a as i understand it to free trade and liberal how did that change and why and i
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don't know if it has really changed but this is something very interesting because it relates to the second aspect why the economy is so much in favor of him because he has an economy economic advisor and was actually the designated finance minister also and his name is paulo get is and he comes from the chicago university known for its neo liberal approach and he has already said that he's pushing for a private huge privatization program of a hundred and fifty state owned companies go being privatized and he also wants to reform the. system which is really complicated and complex and brazil he was speaking about a flat tax income tax of twenty percent so this is usually something that the economic economy the economy likes to hear and appreciate send back to bill so narrow he was he was already saying well. with regards to the
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privatization program i would suggest that we stick to some regions but they are definitely the electricity sector and the state of company petrobras which was involved in the corruption setting sector he doesn't want to touch on that because very briefly when. you're to well it seems like an ira is going to make it you know whether it's official from do your business thank you very much. well you'll be relieved to hear that the world's billionaires became twenty percent richer in twenty seventeen according to a report by us and price waterhouse coopers they continue to grow in number two two thousand one hundred fifty eight people around the globe have no humility of more than one the billion dollars of wealth together they are worth to up to eight point nine trillion dollars north america is still home to the highest number of
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billionaires western europe has now lost the second spode to the greater china region which includes hong kong. taiwan china is home to more than three hundred billionaires the vast majority of them oh entrepreneurs. and that's it for me and the business team ahead and a live update for you and for that stop the mean time to check out all facebook and twitter feeds our web sites which is called slash business thank you very much for watching a. program. or i'm. going to.
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international talk show for journalists to discuss the topic of the week. from struggling to lead us into the decades old nuclear arms control agreement with russia the u.s. leader accuses moscow violating the treaty oh well russia responded doesn't you cool now lie ahead point out what we've done shortly. quadriga in sixty minutes on t.w. . slate. listen carefully. to suit. me to get.
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