tv Business - News Deutsche Welle January 25, 2019 2:15pm-2:31pm CET
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there are two that are gathered there will they be going home to solve the world's challenges or simply create more of them. got all the coverage from our team in davos coming up for you just after the short break it will be with us for that ten all the rest of the business news you are watching the news from berlin course you get all this news information around the clock on our website that sent d.w. dot com stay with us for. here's what's coming up on the going to sleep you have plenty to talk about here one. the money is legal every weekend here to.
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celebrate one hundred years of house and join our photo competition show us the powerhouse movement impacts your world for a chance to win one of three like the cameras follow us on instagram tag and post your pics using hash tag powerhouse one hundred so get snapping. my gold terms and conditions at the w documentary on instagram. as the world economic forum in davos draws to a close what answers did the gathering of the global business elite in the swiss alps provide for an increasingly polarized world. this did of your business. on the last day of the world economic forum ministers
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from seventy five countries including the united states and china launched talks aimed at drawing up global e-commerce rules the use top trade officials. announced the initiative in davos after calls for closer international regulation of technology are growing it follows an address on wednesday by german chancellor angela merkel who. has the world trade organization to secure more government oversight of the digital world. now even the queen seems have had enough of the ongoing briggs a drama queen elizabeth the second cold for opposing factions in the u.k. to find quote common ground statement is seen as a veiled plea to end the bitter fighting over. the head of goldman sachs britain didn't manage a smooth exit from the european union investment bank would still down expenditure in the u.k. . made the comments at the world economic forum mirroring this year's underlying
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sentiment. but few real answers. in just a few hours time peace and quiet will return to davos the delegates who came here to seek solutions to the world's problems will be gone for another twelve months. as usual participants at this year's gathering tackled some big issues conversations focused on trade conflicts climate change and of course the many unanswered questions about britain's departure from the e.u. . you're easy to see but it doesn't come directly to be delayed others were less tight lipped and came up with and ologies to describe the prospect of britain leaving the e.u. without dale it's like in a family husband and wife divorce without an agreement i have not known any such situation which ends happily so the only thing that should have the nose discard
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this option from that they will and focus on building consensus on any of the other options on the table chancellor angela merkel also made a plea for more international cooperation some saw that as a message to u.s. president donald trump who stayed at home due to the u.s. government shutdown there were some new faces this year though brazil's new president j. airball scenario made his first appearance using the opportunity to try to attract foreign investors many of the leaders who normally grab the headlines didn't attend the world economic forum this year but for most participants that didn't matter they came here to talk and to do business and those events don't tend to happen on the big stage but in the back rooms of the congress center or even here on the streets of this little swiss town. well from the back room to the streets and the big states are hard working dynamic door correspondents see it all this
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week so i asked. for their personal final thoughts before they head off to the next moves. pointless or painful there are two options on the table according to former british prime minister tony blair he told me the only way out of this brigs that mess is a second referendum but of course that would mean that this whole ordeal drags on and that at a time of a trade war which is raging on between the united states and china according to economist david autor we could see the global effects will feel the global effects of that for decades from now and we're already seeing a chinese slowdown we don't want that to speed up interestingly enough though according to s.a.p executive board member folks mothman a lot of sixty one percent of e.u. firms actually less worried about a slowdown in china and about chinese innovation indeed many are worried about to
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the dominance of china of the chinese in terms of ai companies obviously from a competitive standpoint but citizens from a democratic standpoint the a moral application of algorithms for uses per for example of social control but we have to remember that algorithms themselves are immoral they don't see contacts they don't have life experience but we have learned here that we can teach datasets to be unbiased and that actually represents an opportunity to make the world a bit fairer well the world economic forum could be using algorithms to enjoy more female participation because there well i'm a minority here apparently only twenty two percent of participants at the world economic forum are women and one of the greatest quotes about i actually heard here ben was about there are no doubt glass ceilings only a thick layer of men so that's a very visual metaphor i'm going to hang on to that one picture myself barreling through i think linear of men but it gives me hope to know that the world leaders tasked with defending the multilateral order are women german chancellor angela
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merkel and new zealand's prime minister has said i've done so and there are opportunities there there are definitely opportunities and not just opportunities for women but whole economies i was. to amy weaver the president of sales force and she said that women are going to be the driving force behind globalization except that i thought globalization was fizzling out well that's why they've all come here to find it's like they did so well from globalization on the other hand here in davos you have to get your mind operating on somewhat contradictory levels you have the biggest winners of globalization the world's most powerful talking here about how to reduce inequality or you have the biggest corporations who are responsible for some of the environmental destruction we've seen talking about climate change and at the same time they're flying in on their private jets they're being ferried around in their private cars with their drivers waiting outside with the engine running as they run inside to talk about to talk about saving the planet so there is there is a bit of a disconnect there at the same time the world economic forum says fourteen percent less private jet use this year what an achievement. but i was only fourteen
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percent well i was thinking maybe you will these executives are getting into jet sharing well maybe they are you know there's the sharing economy is such an important thing but i just couldn't imagine that now the boys club in the air that that's how that works maybe not the girls maybe not the girls anyway whatever is happening here in davos world leaders and bosses are trying to get their message through let's see if they get it through if they get it through. follow those on the dollars from our correspondent. now. investor george soros has some strong words for the chinese president calling the most dangerous enemy of free societies speaking at an event on the sidelines of the world economic forum he said china social credit system will give she told control over his people beijing is currently developing
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a facial recognition system which source says would enable the chinese government to determine how big a threat an individual poses to the regime. u.s. tech giants like facebook needed to be reined in for the sake of democracy. germany's economic growth will be considerably lower this year than originally forecast that's according to new government predictions in its annual economic report the government says it expects germany's economy to expand by just one percent in twenty nineteen that marks a sharp drop from the previous one point eight percent the dive is linked to drilling exports by global trade of it and the lack of clarity over braces the rest of demand meanwhile is expected to remain intact. let's go straight to our financial correspondent. for in that studio the car that's the second time the projections were lowered it echoes the sentiment at davos that does
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that what has changed what's changed your heart is that fewer and fewer business people believe that things like breaks it or the trade conflict between the united states and other places of the world will be temporary up until not very recently many people in germany's business world also here in the financial world said well in terms of breaks it those two sides will of course not risk hard breaks it in terms of trump they said well trump is a salesman he likes to talk loud but he will do not much turns out this is not the case breaks it really really to be a hard one and you know the government shutdown in the u.s. is showing that trump is really willing to push his agenda notwithstanding the risk that this might seriously hurt business this is what has you know made more and more people in the business world concerned and what really weighs on the outlook for our economy kyra looking at the company news today intel figures of
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disappointed investors. in an interesting week for chip makers hasn't it. that's true a couple of chip makers for example also of texas instruments s.k. hynix also s.t. microelectronics came out with quarterly earnings below what analysts said forecast also the outlooks were not overwhelming but i have to say at least for some of those chip makers demand for the shares has returned in the course of this trading week a lot of this has to do with five g. the new mobile data standard today here in germany the government has started the auction of the licenses for five g. and you know eventually in the future this means a lot of business for the makers of semiconductors. thank you very much. microsoft being. china being inaccessible.
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a. lifestyle sure. i'm not laughing at the gym well i guess sometimes i am but i said nothing whip it up and think deep into german culture of looking at the stereotype question if you think the future of the country that i now live from. kiev needed to fix this drama down to me it's all about ok. i'm a joke join me for meet the gentleman from d w. post hey listen up. that's what video game music sounded like thirty years ago. today's
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tracks take the experience to another level. times to him compose a moot point it's. featured in many games his music is bound to. his fans he opens doors to. sounds good. though genre that's so much more than just background music video game music stores february twenty fifth on d w. i wrote a welcome to another exciting edition of euro max i'm your host maggie lake as usual. embarking on a cultural journey around europe of but we start off today show with a grandmaster of couture french designer frank sorby a he's one of the only
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