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tv   Business - News  Deutsche Welle  February 1, 2019 7:30am-7:46am CET

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digital investigators combed through the flood of images of the combined summer suits trying to reconstruct what happened and to substantiate claims of crimes thanks in this video recording of the somebody who shot the young man is on trial now st. paul's forensics between bits and bytes. truth detectives starts feb fifteenth on t.w. . germany's largest lender finally get some good news deutsche of og posting its first annual profit in four years but is it enough for the embattled bank to stave off a merger with a rival lender. and what to do about the growing need for caretakers in japan immigration is one answer but japanese society is also looking at robots. and
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also on the show it's swine time in asia as we approach the chinese year of the pig . i'm stephen beard's in berlin thanks for watching. germany's largest lender deutsche bank has reported a profit for last fiscal year the announcement marks the first time the troubled bank was in the black since two thousand and fourteen according to the bank's numbers deutsche bank made around three hundred forty million in profits the positive numbers are slightly lower than analysts expectations but still market turn around and georgia's fortunes begin raised speculation about a merger with germany's smaller comments bonk skeptics said the resulting bank would still be too small to be competitive. he used to be a powerful symbol of the german economy deutsche bank but it's been in crisis for years the problems are mainly so for me the police raided the company in november the suspicion was money laundering once again a scandal with
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a german industry leader its reputation is ruined and business is bad also in investment banking. deutsche bank share price fell by more than fifty six percent in twenty eighteen. in the global ranking it's far behind american and chinese banks in eighty ninth place. christiane's even has been the new chief executive officers in april twenty eighth seen he wants to turn the tide and make the bank fit for the future again the political pressure is increasing for the c.e.o. to get his house in order. and i'm joined now in studio by sasha stephan professor for finance at the frankfurt school and by our frankfurt correspondent paul christiane brit's paul i'm going to start with you how are investors supposed to anticipate these numbers that are coming out the stock exchange course isn't open yet but what it was expected to happen there. yeah steve
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traders are just getting their day started but we got a preview yesterday of what we can expect when bloomberg reported that merger talks may start as early as this summer because while we're seeing a profit here at the bank in twenty eighteen the numbers are still a little disappointing they're below analyst expectations and yesterday we saw a loss of three and a half per cent. and today things aren't likely to turn around because these numbers aren't strong enough to turn the fate of deutsche bank quickly enough or at least that's unlikely so talks about a merger will continue and investors don't like that. so professor stuff and obviously some good news here we look at it at the surface but what are those problems those deeper problems that paul was referring to there with deutsche bank i think there are a lot of things that need to be considered on the one hand as of course the cost
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was booked as apparently they're doing a little bit better on that front but then definitely two other aspects one is profitability and the other one is what they call legacy so basically what did the back to the past how much of the risk in the book apparently this is really hard to value given all of these transactions a bank done in the past so it's not really clear for the market in general and investors basically where the bankers go away and what is the sort of the business model how dodge bag is going to look like in the future what are the areas the bank can actually really become profitable than and i think this is where many banks are struggling in but. this is clearly of the focus now given all of these discussions surrounding it of course we talk about these discussions these are happening on a political level there is a lot of political pressure for this merger between comments. what about what you bank has said that it doesn't really want to do this right away that it would like to sort of return to profitability before considered such a such a measure is time running out for them i mean i'm not i'm not sure i don't i. i
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don't think that basically even if they show the best possible result that they can have really stuff of this just probably it seems to be that but in saying look here's a seems to be much more then just sort of like a business so to speak but draws a political issue so we really have want to have a national champion we want to be you safeguards us again competition from the u.s. and china basically so it seems to be that that this is happening and it's apparently is happening this year there's also when we're talking to people also close to the politicians apparently this is well what's going to happen what role do the recent scandals that have hit play in some of these pushes for a merger we look at the money laundering accusations the raid happened in frankfurt its relationship with bank in denmark what role do you see there i think it does play a role but i think the overall situation was ok given what we've seen during the financial crisis of companies which. did not have enough credit they want to make
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sure that basically we have a large national bank that actually can even if there is a crisis which can. possibly lead to these companies which i think it's a big mistake because it's not this is not probably not what's going to happen i think the the result overall would be exactly the opposite right so more to watch in the coming quarters professor start such stuff in from the frankfurt school hall christiane brit's joining us from frankfurt thank you both. to tape two days of trade talks between the u.s. and china ended thursday with out the announcement of a deal disappointing but not surprising investors there's just a month remaining until a temporary trade truce between the nations expires potentially triggering u.s. import duties on two hundred billion dollars in chinese goods now u.s. president donald trump says there will be no final accord until he meets with his chinese counterpart xi jinping. the world's two largest economies are battling for
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future dominance in critical high tech industries according to robert light highs and the lead u.s. negotiator in beijing's corner chinese vice premier you hate the smiles hide the fact that beijing is fuming over washington's prosecution of chinese telecoms giant huawei but president trump clearly believes he holds the aces and is willing to play a waiting game we're going to go into everything you probably saw this morning as they were going into everything this is small deal which this is going to be a very big deal or it's going to be a deal that was just postponed for a little bit earlier trump had tweeted his negotiating position looking for china to open the markets not only to financial services which they are now doing but also to our manufacturing and other u.s. businesses and industries without this deal would be unacceptable beijing strategic plan aims to make the nation the global leader in aerospace robotics artificial
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intelligence and new generation sectors the u.s. officials say the crown jewels of american technology and innovation the u.s. is attacking chinese trade practices they call unfair including the forced transfer of american technology by a man to treat joint ventures with local firms. as in many advanced economies japan's population is aging rapidly and in desperate need of care takers the country's workforce is shrinking and immigration has never been a reliable source of labor so can robots make a difference the country is set to find out. and entire country is retiring and those who grow old don't only stop working they also need help especially in the care sector workers are in short supply to compensate japan relies on robots and they can do quite a bit. you. need some getting used to maybe but in japan it's
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already a fact of life. that the workplace a combination of man and machine can boost productivity this portable chair supports the legs the japanese already have very long working days the idea behind it is that it helps to get a little more done. the. sort of thing you think i think there are jobs all over the world where employees have to stand for long periods of time we hope to spread our technology throughout the world. doctors for example could use the chair for more enduring strong long operations. and this warehouse worker can handle heavy loads while working alone once it's been instructed the robot pokes around without bumping into anything during deliveries. the logistics industry is complaining about too few workers perhaps the digital speedster could help. japan is investing heavily in robotics and artificial
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intelligence the country urgently needs to do something to attract skilled workers immigration has so far been rather alien to the japanese but now it's being made easier because not everything can be taken over by a robot some things still need the personal touch. and staying in asia it's just a few days until the chinese calendar rings in the year of the pig supposedly a year of good fortune satisfaction and wealth ahead of the celebrations hong kong's restaurants are busy with preparations to take a guess what's on the menu. here they hang ready to be roasted this restaurant in hong kong offers the only suckling pig to be roasted in underground grills the veteran chef fires up the ovens every morning the pork it's cooked at three hundred sixty degrees celsius. that was the last roasters to
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roast pigs and wood fired underground barbecue pits a roast pig skin comes out crispy with a deep flavor the meat has a hint of smoky taste which you can't experience anywhere else. once the meat is cooked it gets cut up very carefully. when shopping roast meat it's most important to cut it into neat and even cubes. park is very popular in china and hong kong ten to fourteen pigs are prepared here every day but now in the run to chinese new year it can be up to one hundred and they're delivered to other restaurants and private customers. but overall meat consumption is on the wane in china too fatty to heavy. more and more chinese are adopting healthier diets but the master roaster has other worries. that young people think this
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job is too hard also if we go out of business one day they won't be able to find a job anywhere else so young people are not willing to join us. shortly. but for now grill chefs expect people to really dig into pork during the upcoming year of the pig. think it's yummy the skin is very crispy delicious. and twenty twenty is the year of the rat but it's unlikely that people here will go hog wild for it. and that's it for me and the business team here in berlin don't forget you can always go out to the web site for more complex business thanks for watching.
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and take a closer look at modern culture from the. culture. once upon a time there was a young girl. with a burning ambition. to become a conductor. it wasn't difficult shrewd
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at first but one day she really did become world famous conductor. of the bottom of us. my stuff starts at eighteen. yes it's time for news from the world of culture welcome along and here's what's coming up today. as the home boat forum is completion in the center of berlin the round of cultural artefacts is supposed to. meld c o m g w's night grooves the show which brings together pop stars from
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unusual musical encounters returns for its second season. in a major museum venue is one of the most hotly debated construction projects here in germany a my colleague david leavitt's has been following the story welcome david first of all. tell us about the controversy surrounding the building it's. ok robin brace yourself for a little bit of time travel here because the home board form is partially a reconstruction of the size of the baroque city palace of the german emperor is located at the heart of berlin now the allies did bomb it in world war two it could have been saved but no socialist east germany had other plans they tore it down and put up the palace of the republic in its place that's their parliament and cultural center hideous yes but also kind of great in its own way i think. you are
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right with hideous well you know a lot of people were still yes it is but still a lot.

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