tv Business - News Deutsche Welle February 28, 2019 12:30am-12:46am CET
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post. pics and really begin video. clip groups with. different story. their current. positions from around the world. every week to w. . an exercise in expectations management u.s. trade representative robert light hisor appears to play down progress made in the us china talks that's after days of more confident statements from his boss. also on the show the head of microsoft and parks in berlin to talk connected cars
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our correspondent listened in. welcome to the w. business i'm joined in berlin thanks for joining us and it's mixed signals coming from the u.s. from talk of upcoming signing festivities between the u.s. and china finally sealing a trade deal to what appears to be a walk back from one key negotiator from the american side trade representative robert light hisor has spoken before a panel of lawmakers this is what he had to say. be clear much still needs to be done both before and agreement is reached and more importantly after. it is reached if one is reached if we can complete this effort and again i say if in can reach a satisfactory solution to all to the all important outstanding issue of
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enforceability as well as some other concerns we might be able to have an agreement that helps us turn the corner in our economic relationship with china now here to translate for us is against carter he joins us now from wall street yes good to see you now that statement from light highs are remarkably less red euphoric than what we've heard from a trump in the past few days who has a better read on the situation do you think and why well it's probably not so much who is right or wrong but you have to look at the agenda of the u.s. president and chief negotiator ties or by flight ties or is well known to be a hard liner when it comes to trade negotiations so he already did so in the eighty's when you had to trade talks with japan the question is does he just want to put some verbal pressure on china or is he really skeptical that the deal can be
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reached him soon and then on the other side we have u.s. president donald trump who saw that for example the stock market reacted quite negatively specially in december when there was some doubts about the trade talks that he now tries to get a deal done so we will see who in the end has an upper end but what we definitely learn from comments those trade negotiations they're not easy at all and those comments were the main reason why the market lost of at least a little bit in the wednesday session now his boss of course is on the other side of the world in her no i wear boeing has just signed close to sixteen billion dollars worth of deals now how is that going down with investors. well pretty well we did see the stock of boeing reaching a new all time high and also when you look good at the competition between boeing and airbus boeing has so far this year has the upper end having much more orders so
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far then there you are a peon rival and so well for vietnam that's also overall a good news for the first time ever as some of the vietnamese and i answer will be allowed to actually to offer a direct flights to the west coast of the u.s. but boeing stock traded to the upside and as i mentioned reaching an all time high on the u.s. boeing flying high there on wall street like our young thank you very much. now we live in the digital digital age which means most the products have had to graduate beyond their original purposes mobile phones aren't just phones anymore and speakers have become smarter and cars can no longer just be for driving now the heads of fife fog and microsoft met in berlin on wednesday to talk about their joint effort to turn the humble passenger vehicle into a fully connected online platform. cars that don't only drive themselves but also
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know everything about you folks wagons id model lineup is a signpost for where europe's biggest carmaker wants to go next it's banking on microsoft's cloud computing service and its capabilities in ai and the internet of things to get there already today the car is a huge software product now we have about ten million lines of code in the car which is probably ten times more than the smart phone so if the capabilities to today are very limited that is changing rapidly i have a much very much a believe that in five years and then years from now we're probably not going to talk about a tech industry and an auto industry or a retail industry it's going to be technology digital technology is going to be race for its part microsoft is betting big that the computing services needed to turn cars into connectivity hubs will be lucrative both companies leaders have announced they're taking their cooperation and connected cars beyond europe into
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china in the u.s. key automotive markets that only continue to see big tech and big auto partnering up. in ten to fifteen years all cars will be connected in some way to digital slowed giving and receiving information a good way to think about this is to imagine your car as a data center on wheels or like your smartphone only perhaps one hundred times more powerful according to folks so i can see you know herbut peace within twenty five years all cars on the roads will have. this level of interconnectedness that's part of the reason why volkswagen and microsoft see their digital collaboration as part of volkswagens long term vision for the future of driving but challenges remain familiar issues with connected devices like the dangers of hacking or surveillance could find themselves replicated in the connected car collaborating companies like microsoft in v.w. will have to reassure the motorists of the future that software security keeps pace with advances. brags that remaining
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a threat to business banks are running for cover when a from london that is u.s. money transfer giant money gram has moved its european headquarters from london to brussels even british by barclays has shifted assets to dublin as part of its price of contingency plans all their major banks are also on the move. the city of london this financial powerhouse generates more than ten percent of britain's total tax revenue but since to reason may's bricks it bowls started rolling companies here are all about one saying upping sticks and heading east to europe however no one seems willing to divulge just how many jobs have shifted to other e.u. countries for financial consultants though such figures are key the wise john liver gives us a rough estimate at least seven thousand so far. those numbers they were as over couple of months ago so we would expect them to be increasing and then in terms of
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the scale of the relationships that move the customer relationships. that around about eight hundred billion pounds of assets again had been declared. you can fire moved from london to frankfurt in his native germany last summer with him when banks european interest rate trade britain will now miss out on the lucrative tax income from it i was noida shift that the oil on new business is being processed in the e.u. and all the profits from that text in germany and. he doesn't give us any exact figures though only this the move has cost the company so much in terms of money and effort that reversing is very unlikely decisions over a dozen because we've come so far and now that all the relocations are underway i can't forsee us reversing this move immediately. of course i don't know where we'll be in ten years but right now our trade is being transferred to frankfurt. in our
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eyes everything is settled so it was just. the city has long believed that a no deal breaks it is on the cards and for most companies here it's simply too late to wait for parliament to agree a way forward so these are things that take many months if not years to. noise and to execute say that's why the institutions have been doing that for a while now and they have to continue on that path until and unless there's any certainty that they can stop which at the moment there is not. you can fire says he'll miss life in london along with its pubs but otherwise he like most of his colleagues is happy to be back in gemini mostly it was i come from a village originally and so now i'm back not quite in a village of course but there is a big difference between frankfurt and london. for london however the irreversible departure rests thousands of bankers from the city could have devastating
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consequences for french sporting goods retailer the calf law and has scrapped plans to sell a good job for women runners in france following a public outcry french politicians have said the hit job which decathlon already sells in morocco violates france's secular values with some lawmakers even suggesting a boycott. it was meant to offer muslim women a way to participate but french politicians said the running he job contradicted the country's secular values there were threats of a boycott until retailer decathlon buckled under pressure from angry activists. you needed a dick of your dick is promoting a garment that's actually a confinement of women's body. these women should be doing sports but it's supposed to be for the liberation of bodies and athletic excellence this shocks me don't just. get to kaplan said it had received hundreds of calls and e-mails in protest
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of the job and that staff and stores had been threatened but not everyone is offended in companies and women should do what they want i'm afraid if they can't put this on they'll not do sports. it's a purely commercial decision sports has nothing to do with it why should they cut lawn not sell this. decathlon is still selling the item in morocco while muslim women in france can find he jobs at nike stores the u.s. sportswear giant introduced the product last year. and that's their business update thank you so much for watching.
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what's the connection between bread. and the european you. know killed my tests b.t.w. correspondent and avid baker proud. turn to stay in mexico about recipes for success and strategies that make a difference. baking bread. d.w. . hello there and welcome to the latest from arts and culture i'm karen homestead and here's what we're in for on today's program. highly hundred. two with the mexican director of the oscar winning films birdman and the resident has been named president of this year's cannes film festival jury. spies in the family
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the personal story of german author duke palms is the stuff of a new novel and sheds light on how germany's legacy of espionage is still affecting generations in berlin. and in our series baking bread. takes his skills to new heights with the austrian kaiser rolled. so that was looking good but we're starting with some exciting news on the festival front and i'm joined by my colleague scott ross for our film expert scott can has just announced a new jury president for this coming may so tell us about yeah i was on. the fourth time oscar winning director of one of everything of babel birdman of the revenue at the level of the phenomenal phenomenal director and i think it's a huge coup for.
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