tv Business - News Deutsche Welle November 14, 2018 2:15pm-2:31pm CET
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the right to staged what's called the world's largest inclusive sporting event for people with intellectual disabilities up. you're watching did n.p.r. news still to come is germany's economic boom in trouble the country's economy has shrunk for the first time in years so is it a temporary setback or part of a larger trend. gardell first we'll have that story for you coming right up in business. or digital more years. for women for internet activists one mission the battle for freedom and dignity. against repression and violence they deployed the powers of social media.
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their messages are spreading like wildfire social media spectacle is critical to the boat and thousands of. homes. on the streets they know women who are changing the world to. digital. stores or much of anything on g.w. . i think the. war is about germany's economic boom for the first time in years the economy is shrinking diesel gary then trade fairs are to blame but is this just a blip or a sign of impending slowdown. meanwhile germany's falling behind when it comes off the fiscal intelligence potentially cost to become free. trillions of euros. could
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this be the birth of an asian e.u. countries expect to have a regional trade pact in place by next year. this dude of your business i'm going to help us welcome it's the first contraction for europe's power engine in more than three years the german economy shrank zero point two percent in the third quarter more than expected growth was stifled by global trade disputes and problems with the car industry analysts say the data is another wake up call that stable growth is by no means a given. exports were down and imports up in the third quarter that's trouble for an economy built on strong exports a major part of the problem has been a bottleneck in car deliveries by german automakers the result of new more rigorous you emissions rules but there are other issues political ones global trade disputes are threatening the bottom lines of german companies both b.m.w. and dime were cited trade uncertainty in their latest earnings reports briggs it is
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also threatening a chunk of german business with the u.k. analysts still believe the german economy will grow this year but the news figures show that the country's political stability and low unemployment with a weak euro currency don't guarantee a strong economy. like few other nations the german economy relies on overseas consumption at a time of growing uncertainty it only makes sense that it's feeling the pinch. let's see how the markets have reacted to this piece of news on the standing by in frankfurt done here how boring are these signs for investors. but again hard even though many have said that the big boom seems to be a little bit over i do have the feeling that investors are kind of playing these numbers a little of that down at the moment italy and rexford are two topics which are keeping investors more busy here at the moment they are calling the latest g.d.p. figures
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a sort of one off and are optimistic we also heard it in the report that growth is set to continue in two thousand and nineteen as a result we also don't really see a negative impact here at the market today the blue chip index x. was at some point down but that was more related to bracks said in italy and then in the last hours recovered so we are actually here in the green at the moment. is this just bad news for the german economy or do these figures have a why they are. well i do feel we really have to talk a little bit more about the wider impact of this situation germany is still strong enough that even though those g.d.p. . figures when they are down at the moment also not dramatically down there are geopolitical reasons behind this analysts are telling us that germany's export figures have been going down mostly because of this ongoing trade tension with the united states with and talking lately more about the trade war between china and the u.s. but we also have to keep in mind that the u.s. president on our travels have really attacked europe and also germany as well and
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this has been slowing down the economy so export numbers went down consumer spending as well while at the same time imports from of brought went out don you know i hope in frankfurt thank you very much for this analysis. i was there in germany where people are traditionally skeptical when it comes to new technology the country is great slabs but it could take a long time before new technologies become a part of daily life now the german government has set aside around three billion euros for research and development of artificial intelligence it's part of an initiative to close the digital gap between europe's economic powers on the one side and the u.s. and china on the other. a low everyone in an english artificial intelligence this is my is this the new show of the future last week china unveiled the world's first artificially intelligent news anchor the robot was modeled on
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a human newsreader using special intelligence software it's part of a major push by china to advance its prowess in ai technology many chinese tech companies are working on new developments and beijing will invest massively between now and twenty twenty five. the p w c consultancy recently estimated that artificial intelligence will contribute some sixteen trillion dollars to the world economy by twenty thirty. the greatest gains would be seen in china where the economy would grow by more than a quarter thanks to ai while north america's growth potential is nearly fifteen percent. contribution to germany's g.d.p. would amount to about eleven percent. the parts of the economy that will experience the biggest transformation include the automobile manufacturing and health sectors . but even farming will be affected in one project at the west coast university of applied science in northern germany
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a robot is learning how to distinguish carrot plants from leeds. experts at the german research institute for artificial intelligence say germany is doing well in ai research but lagging behind other countries when it comes to turning know how into products for them to put it all political parties agree that we have to digitalize in that is a motive for progress the population remains skeptical that has to do with fears of job losses fears about data protection maybe also with a generally skeptical attitude towards technology those are problems in germany i think that's why no one is really prepared to fund it properly. for the experts the solution is more information showing the public the advantages of artificial intelligence applications such as smart homes were timeless driving where they say the prevailing skepticism must be overcome if germany is to catch up internationally. china japan and india are all asian nations
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who say they're in the final stages of a massive trade agreement on the association of southeast asian nations wrapped up two days of meetings in singapore with a with a valid reason a comprehensive economic partnership all are set up finalized by next year the deal could be the world's largest commercial parts covering sixteen nations and the company for staggering fourteen percent of global trade also stemming from the summit was an agreement by singapore to promote a chinese bond of the us. us quite significant and hang in singapore. the c.f.o. is now promoting chinese bonds does that mean that china is opening its markets. well it may seem like it is but. saying that it still appears a little one sided this arrangement means that international investors get to wade a little deeper into chinese domestic markets and this is likely because needs then
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boost in the domestic markets which hasn't been performing well over the past two years. a trade agreement why the room. of. well this is part of china's longstanding plan to attract foreign capital very simply put the plan is to have eleven percent of china's assets owned or accounted for by foreign investors which also means which also implies a one point five trillion dollar capital inflow by that time this also means that i always the credit risk away from the banks from the central banks in china which did reduce this is liabilities as well and it also allows china to develop a stronger pension plan that label it he then requires a better. bet to s.s. scheme so a big is this long to do ration that allows him to build that foundation also as i
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said you know that you feed off that a bit of pension scheme for his citizens. thank you very much for the mouse's. now you like me probably like grape juice it's certainly healthy as it's packed with antioxidants parents trying to lower their cholesterol kids think of to make them stronger but want to do with all the stuff left behind after you've crossed the grapes well there's an idea well use it for fuel. most closers in the french region have run on diesel not this one the driver is a big fan of her alternative fuel so it's good to see it's very very flexible compared to the other buses and a lot more quiet to you don't you. think that makes for a more comfortable ride but passengers also appreciate the environmental aspects.
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pollutes lassen increases the life expectancy of the planet. aquitaine many vineyards produce a huge amount of great promise what's left over after pressing the skin pope seeds and stems that can be processed and transformed into wrong. and subsequently distilled and hydrated to produce bio ethanol a fuel that's cleaner than fossil alternatives. it leads to much lower greenhouse gas emissions than diesel we've measured ninety five percent drop in c o two emissions and minus fifty percent in carbon monoxide and there are practically no particles. the local gas station sells the great based upon your fuel for eighty five euro cents a liter even though the bus burns it quickly it's comparably cheap. you don't we just drove one hundred ten kilometer sam we used fifty three leaders of fuel it's still a lot more than diesel and i did mention atlanta. that's quite a bit of fuel but one that's cleaner and better for the planet for now buses
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running on great promise or a good choice for. a nineteen paris pink diamond sold for forty four million euros at auction house christie's in the swiss city of geneva known as the pink legacy the jewel size intense color brought a bit that's the previous recall for price per hour as in that category. extremely rare high demand has led to stratosphere with prices for similar stones recently put up for sale. from me and the business team here in berlin but for you in the next hour state your attacks is the next and before you go here's a real time check on global markets.
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