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tv   Business - News  Deutsche Welle  October 31, 2018 6:15pm-6:31pm CET

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leader of germany's christian democrats frederick the man said he was the right knobs in the right unite the divergent waves of refractions possible. call it we're coming up with our god alphas in the business since it is for a set to pour six hundred billion euros into developing an innovation campus and it's got place above it will have just about it i'll be back at the top of the hour have a good day. frankfurt . international gateway to the best connection self road and rail. located in the huff you're up you are connected to the whole world. experience outstanding shopping and dining offers and try our services. allan guest at frankfurt airport city managed by from.
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if you ever have to cover up a murder the best way is to make an accident raring to. never read a book like this. which list. the streets. bishes plans by one of germany's legacy industrial firms siemens is to build a big start up company in berlin can it succeed where google just failed. it's the tenth anniversary for the world's most famous crypto currency where does bitcoin stand a decade after the introduction and can we finally trust it. also on the show panama introduces the so-called tourism card for cuba how it should help the
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caribbean nation to gain more investment back home. is the business as welcome siemens will invest six hundred million euros in an integration center in berlin it's called future campus under spires to become the german silicon valley it will include research laboratories high tech production facilities offices and housing siemens has engaged startup companies to take part of almost science scientists in the conceptualization of the campus project for berlin it is the largest single investment in industrial company has made since the end of world war two cities in asia and the u.s. were also interested in hosting the innovation center google announced last week it will drop similar plans for its own campus project in berlin due to local resistance lack of political support let's bring in frankfurt danielle google just abandon plans to build that huge start up companies in berlin why
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siemens now trying it successful. yeah google had a similar idea you're right but was very disappointed about extremely resistant berlin us who were not in favor of this project well we also heard to see all of the kids are sitting today that he is very frustrated that many people fly over to silicon valley to talk to start to talk to start up companies there when we have very good and smart people here in our country as well siemens is known for high tech and worldwide leader in technology but seems to be very keen to become even more innovative and digitalisation and connecting with a stand up seems to be one of their new strategies maybe they are inspired by companies like wired card who have shown an impressive success story even kicking out call mastering out of the blue chip index doxy and frank for its also the c.e.o. pointed out today that they want to do a different compared to silicon valley that's why they also built apartments in
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this complex in berlin investors like the news the share price of the siemens has been up here all day with the class of more than one and a half percent in their thinking this is a good idea also to be. fit and ready for the future i don't have hope in frankfurt thank you today is the tenth anniversary of bitcoin founded at the outset of the great recession the cryptocurrency was supposed to usher in a digital revolution revolution in payments and just about a year ago its prize truly rocketed sky was before coming back to earth in spectacular fashion than a lot of investors cash on re entry into the real world sphere today this is much hope bitcoin as there is hype. in the heart of moscow there's a small and conspicuous shop it may look normal but inside it's
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a different world the world of bitcoin. there are a fake chocolate bitcoins as well as virtual bitcoins on servers for many of the crypto currency remains a great mystery even though russia produces more bitcoins than almost any other country. it was recorded the good yeah actually customers come to us and say i want but i don't know what it is and here like in an apple store we explain to them that it's possible to make bitcoins on these machines they're told that they can buy it or equip themselves to make it anywhere. and i feel like. the crypto currency is created in heavily guarded block chain data centers like this one in st petersburg bitcoins are bought and sold and the transactions are recorded here currently there are more than seventeen million bitcoins in circulation each worth more than six thousand dollars at the end of last year the currency was booming its
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value rocketed to almost twenty thousand dollars before collapsing even after a decade in circulation the big coin is still not a mainstream currency even though many say it's just a secure block chain technology allows highly encrypted transactions to be carried out and recorded more than a bit more than you can believe it or not but from an economic point of view think companies and for individuals virtual currency is a much more effective than any change that country's economy is now depend on it economically. but the cryptocurrency is not one hundred percent secure hackers have stolen large sums of bit points in several countries authorities often warn consumers about what's called crypto jacking and that has weighed on bitcoins reputation and value. often even those who have invested in big con don't really know how works it really is all a bit complicated but you don't need to understand how
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a nuclear power as those works before you can switch on the lights at home so or potential does bitcoin have for actual business says let's ask ben laker he's a crypto currency expert and joins us from the henley business school in reading near london ben let's talk a bit corn an everyday business what are the applications. well it's a certainly a very interesting area and i think at the moment you see lots of bitcoin if you see asked who are checking currency prices whether it's going up or where it's going down and actually if that type of behavior continues it will never become mainstream it will never be used as applications within business it is a french really a commodity which is trade on the open market that being said the technology that lies beneath the cryptocurrency which is of course blocked change that is where businesses should be focusing their resources their attention and that is has the beneficial aspect of creating technology to essentially change the way that
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consumers behave by selling fact live. you spoke of a big coin as an investment is it is is it a wise investment what is realistic what is. it's certainly not wise as an investment and i'm a university professor not here to give investment advice but on the sly i would say absolutely no it is a bubble like many other problems but of course the reason for that is because not many people truly understand its nature and actually a lot of people are trying to use the cryptocurrency to to get rich quick we've seen bubbles in the past we saw the dot com bubble perhaps one of the most famous of all was the dutch chool it bubble many hundreds of years ago and like bitcoin that also but first but because the bubble will burst it will however leave a significant legacy that being brought change. block shame there are still big question marks over. the security of crypto currency is how secure is the
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underlying technology. well as a piece of pure technology it is on hackable and of course it creates huge advantage is compared to what we have today so for example if we were looking at a financial implications a usage of block change every transaction that has occurred historically is recorded so for example if you were to take out a pound or a year of your pocket today within the block chain you to be able to identify how it is passed hands what transactions it's been part of so as a purely piece of technology it stands to reason that it's very advantageous the problems of course is we do uses we humans we forget our passwords we forget our usernames sometimes i leave my laptop open and people can then log in and then access the database is around currencies and block change so until there is additional technology to actually protect the usage of block sharing we're not in a position to say it's purely purely reasonable for businesses to invest heavily
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within it as many technology is not really safe in human hands and you very much took from the elitism. apple unveiled a host of new products and gadgets in new york last night after years of going without an update the macbook air for example got a new design with a retina display also drastically raise prices for the new products the new i pad pro costs one hundred fifty dollars more than the previous model the prize for the latest makeover an error is going up two hundred dollars apple users are accustomed to paying higher prices but critics say that under c.e.o. tim cook apple's focus has shifted towards boosting its share price instead of making every detail of its products just perfect. parliament has begun issuing a new tourism card that will allow cubans to travel to the central american country
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without a visa and buy goods there it's very tangible symbol of the strength and commercial ties between the two countries. panamanian president juan carlos introduced a new measure last week making it easier for cubans to travel to and buy goods in panama provided they can prove that they have ties to a private business in cuba currently there are some five hundred ninety two thousand cuban workers in the private sector. we feel that the tourism card will strengthen the economic opening that you're seeing in cuba and permit following the country's rules and respecting the countries regulations and all their systems it will make visits to panama easier because many cubans are traveling they travel to other countries they return to their country and they're setting up their own businesses they're moving forward and this facilitates the process. if i think that it is a process so the tourism card comes at a time when cuba is seeking more international investments and credit due to
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a liquidity crisis and the decrease in aid from venezuela. direct foreign investment in the country has averaged in the hundreds of millions of dollars over the last few years but the government is seeking an annual two point five billion dollars in investment panama's tourism card is supposed to help entrepreneurs in cuba gain more financial freedom. from the me and the business team and violent my colleagues because the cobalt will have an update for you in the next hour thank you very much for watching before we go here's a check on the time they will have a check on markets like. the. plague
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. entered the conflict zone confronting the powerful. after thirteen years in power in some damaging state election results under the list of thirty is visibly waning how low for those who do find good luck will cling on to college my guess is both gun shy that one of the most famous and infamous politicians here in germany conflict so for next fall off detail the first.
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time for an upgrade. how about furniture that grows all buying. a house with no roof. or design highlights you can make yourself. trans tips and tricks that will turn your home to something special. upgrade yourself with d. w.'s interior design channel on you tube. scars cover and forget women in russia have to live with violence sexism and oppression bluffing and violence is no more than russia. where putin's petri arky rooms today women's rights were already gaining traction hundred years ago. people here don't
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have a clue about feminism but there are women who want to instigate change in everyday life or just. just. under the skin rushes. after thirteen years in power and some damaging state election results and going to merkel's or thirty is visibly waning she's giving up the leadership of the christian democrats but she'll stay on as chancellor my guest this week here in berlin is. one of germany's most famous and infamous politicians a former finance minister for the christian democrats now president of the parliament how long can a wounded angle. cling on to power.

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