Skip to main content

tv   Business  Deutsche Welle  March 21, 2019 2:02am-2:15am CET

2:02 am
it. is the world's most widely used weed killer going to break german chemical giant buyer a court in the united states a link to round up to a man's cancer buyer which now owns do her best i make her. may have to pay the price also coming up brussels strikes again and the european union has google with a billion dollar fine for the first time in three years we'll see what's got the e.u. commission so upset and white south koreans turn to fatty pork when faced with high levels of air pollution. good to have you with. a jury in the united states has found that the weed killer roundup was a quote substantial factor in causing cancer and a seventy year old men round up and die for state based herbicide is made by you as a group chemical for monsanto which was acquired by
2:03 am
a german multinational buyer last year a landmark verdict could affect thousands of other cases buyers said it was disappointed with the jury's initial decision the case now moves to a second phase to determine the company's financial liability. he holds monsanto responsible for his non hodgkins lymphoma and when hard to man use the killer rant up for decades he claimed this ruined his health and caused his cancer and the course agrees in coming weeks that decides on the compensation the plaintiffs should be given by a group which acquired monsanto last year took an aggressive stance and their initial statements. we are disappointed with the jury's initial decision but we continue to believe firmly that the science confirms that like the state based herbicides do not call it's come. in recent weeks the san francisco course heard testimony from numerous scientists and considered several studies however when it came to assessing potential concert risk scientists and studies came to different
2:04 am
conclusions the world health organization says in one study there is a cancer risk another says glyphosate does not cause cancer the court decided in favor of the plaintiffs though some twelve thousand other cases are in the legal pipeline the coming weeks will show if an avalanche of cost is rolling towards buyer only nine months after it pours up monsanto. for more on this let's bring in our wall street correspondent scored against buy your shares got hammered today in europe what was the picture like where you are. well i mean the one big question is if. does cause cancer and if so did monsanto all know about potential health threats and events could be or should be approved then it could really become expensive for a buyer then we're talking about punitive damages in the billions so what i'm
2:05 am
hearing here on wall street from analysts is that those two trials that we've seen so far that went against once until and buyer will not be enough to really get a clear picture of what still might come for buyers so probably we have to wait for a couple of more trials before actually it becomes clear what a buyer at once andro going to face and he ends another news the federal reserve and it is second policy meeting of the year and there's no more talk about raising interest rates quite the opposite in fact. yeah actually there was a pretty interesting fed meeting nobody really expected it but the fed chairman paul hinted that that's it no more rate cuts. in the united states not this year not next year but the next potential step could be downward not in this year but maybe a potential interest rate cuts coming up next year certainly
2:06 am
a lot depends on how the u.s. economy is going to fare and the federal reserve is still seeing growth for the biggest economy on the planet but growth is slowing and that actually did not go down well with investors here on wall street this special e this week is a look on the economy did cause stocks here on wall street to fall and then also we had specific be fine and stocks under pressure because in general for big bangs higher interest rates a good lower interest rates are not as good for business you know scored in new york thank you. european union regulators have fined google close to one and a half billion euros for abusing its market dominance the misconduct involving its own price comparison results and searches of the last two years the e.u. has now find google a total of more than eight billion euro. this is the third time european regulators
2:07 am
have penalize google for abusing its market position this time it concerns it and since service the program pursuer types the purchase of advertising space related to searches that take place on third party websites chief among the e.u.'s objections is that it prevents the websites from displaying ads from google's rivals. google is rivals they were unable to grow and to compete and as a result of souths well websites owners and websites hat limits its options for sending advertising space on those websites and were forced soon only to rely on google and as a result from that's google then if they did from network effects and became even stronger christian european regulators have been keeping a close watch of the google for years back in two thousand and seventeen the
2:08 am
company was fined some two point four billion euros for discriminating against rival comparison shopping services then last year it was hit with a record four point three billion euro fine for abusing its android mobile operating systems market dominance. those penalties haven't made too much of a dent in the tech giant's coffers the slightest fine is unlikely to live up in the last quarter of two thousand and eighteen google's parent company alphabet posted earnings of eight billion euros what's more significant though is how the rulings could affect the company's business model google's already taking action to comply with previous e.u. orders and has vowed to give more visibility to rival advertisers in europe. german luxury automaker b.m.w. says it expects to see a drop of more than ten percent and pretext profit this year the company has also announced a twelve billion euro cost cutting plan to offset spending on new technology
2:09 am
presenting annual results in munich group c.e.o. howard cooper said that pretax profit in twenty nine thousand would be well below last year's nine point eight billion euros this car maker now wants to bring costs down to fund its investments and you've been driving cars it says it has no plans for layoffs though. saudi arabia is hoping to raise twenty billion dollars to promote a remote site in the northwestern part of the country as a tourist destination. which last month olds that the region's first ever hot air balloon festival is famous for its present heritage sites it's hoped the investor will create over thirty thousand jobs and pump billions of dollars into the country the measure is part of saudi arabia's attempt to diversify its economy away from crude oil. the world needs feeding and more and more people are leaving their farms for the city right now the five biggest cities in the world are all in asia
2:10 am
and they keep growing where is all the food supposed to come from now some say urban farming is the key. vegetables from the factory many less water less fertilizer less crop protection and above all less land vertical greenhouses can fit just about anywhere even in the middle of cities like indonesia's capital jakarta in asia produces have been experimenting with high tech cultivation for years and not just for vegetables but also for protein meal worms or crickets for example can be produced in an urban environment and have significant advantages over traditional meats. for example only fifteen square metres is needed to produce a kilogram of insects per kilo of beef you need seventeen times that much space and when it comes to water all food consumption there also vastly more efficient. so
2:11 am
our city born tech companies the farmers of the future in two decades time they could be nine billion people living on a planet today's agriculture won't be enough to feed them all. it's to south korea now and the country is battling high levels of air pollution problems driving up shares of companies that make air purifiers masks but many locals swear by an old tradition using slippery pork oil to clean their throats. like everyone else in seoul teenager han dong jay struggles with the worsening smog but he thinks greasy barbecue pork is the solution. heard from my mom the pork helps and pork belly is my favorite food so eat more pork when find just as dense like today. that the. south korea's air quality is now among the worst in the region emissions from cars and coal fired power plants combined with small crumb
2:12 am
china and north korea mean south korea has double the levels of dangerous particulates matter than other rich countries so the south koreans follow the ways of their forebears by eating lots of pork sales of it are up around twenty percent so i'm going to do it feels like oil from the meat washes away the dust in my throat going to people who do believe that. the government has declared the pollution a social disaster health professionals sating pork is an urban legend and makes no difference but it doesn't just affect humans despite the discomfort harry sometimes has to get his mask on too now how would you fancy attending a conference devoted entirely to pastries and sweet treats well that's exactly what's just kicked off in the moroccan city of casablanca the international forum brings together professionals from the confectionery industry the aim is to highlight the importance of the cafe and restaurant sector and it's also an opportunity for morocco to promote its own unique sweet snacks.
2:13 am
and they look good and that wraps up our show for more check out our website and steve nash business for now thanks for the company see you back into our.
2:14 am
home for information. to express. facebook and twitter today and in touch. to the news. channel. the final story. with the exclusive. the must see concerning part of the church in europe. should be curious minds. do it yourself networkers. subscribers and don't miss out. gemini. at any time time he plays. beyond the cabin of the bunch of little scottish
2:15 am
songs to sing along. from soup. to for those interactive exercises. everything is online and interactive benjamin's a frame with t w. rome march fourth twenty eighteen revolution is in the air a new era is beginning in italy for the established political parties are reeling the n.t.'s down bushman five star movement and the right wing populists of the reagan north have gained the upper.

35 Views

info Stream Only

Uploaded by TV Archive on