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tv   Business  Deutsche Welle  March 23, 2019 12:30am-12:45am CET

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a deal on raising eyebrows and concerns italy's rolls out the red carpet for china's president using pink as it's set to become the first g seven country to join china's controversial new silk road project also coming up more bad news for boeing in the just like carrier wants to cancel a large order of seven thirty seven max jetliners citing a loss of confidence after two crashes within two months and there is the free internet on the stret in europe the u.s.
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plan to protect artists copyright and revenue streams faces stiff opposition. from chris colfer welcome to the program. italy and china are set to sign a deal to make italy the first western european nation to join beijing's belt and road global infrastructure project at least cash strapped government is hoping for ample investment but the country's partners in europe see the deal as a bid by china to expand its power into europe. china's president got a warm reception in row host country it's really it's become the first g. seven a common me to join the new silk road project beijing is keen to package it massive maritime rail and road venture as an opportunity for other nations. already. we want to strengthen our synergies to enhance cooperation in the infrastructure poorish logistics and maritime transport sector is.
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trying in order to build a series of concrete projects along the silk road for you. but critics say the project which is officially known as the belt and road initiative will primarily benefit beijing many countries have expressed on needs about china's growing dominance for italy though the potential economic boost appears to outweigh the perceived risks. italian presidency. is adopting a win win at pro church. the ancient silk road was an instrument of knowledge among people and a tool to share reciprocal discoveries. the new silk road must also be a two way street to share not only goods but also skills ideas knowledge and
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forward looking solutions to common problems and projects for the future. other e.u. nations notably france and germany are taking a more cautious stance leaders of both countries are due to meet the chinese president in paris on tuesday the new silk road is certain to be on the agenda. in the nation's national carrier is canceling its order for forty nine of boeing seven thirty seven next deadline or so after the model was involved in two crashes in recent months the decision could spark further consolations from other carriers including from good as rival lion air back in october a seven thirty seven next model lion air jet crashed in indonesia and earlier this month an e.p. if you haven't airlines jet of the same model went down shortly after takeoff and both cases all people on board were killed. with more on this let's bring in the
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unscored on wall street gans what do people on the trading floor make of this cancellation is it a sign of worse things to come for boeing it is the first big to come up with the idea of cancellations and this boeing lost about three percent in value shortly before the weekend but we have to wait and see how this plays out to first of all boeing will actually meet with the representatives of next week and you can't just cancel an order without penalty and then also a lot of our lines do not even have an interest to change from one plane make to another if you look at the pilot training if you look at maintenance and other issues it's months more cost efficient if you only deal was one plane let's say from boeing all from us so it's really early to tell if. it
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is the single case and if it at the end they will really cancel the planes at all maybe switch to a different type now and zero stocks finished the week with losses over concerns of an economic slowdown now the warning signs have been out there what triggered the sell off on friday. what triggered the sell off on friday basically were a couple of economic reports weaker reports from the german economy weaker reports from manufacturing here in the united states and by the end of the day that blue chips lost a good four hundred sixty points in value was down by about one point eight percent technology stocks even got to have been hammered more than friday by a loss of two point five percent we also have banking stocks for a couple of days now under heavy selling pressure already on wednesday fed chairman
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general impala hinted that there won't be any more interest rate increase in the united states this year and that is especially bad news for big banks and well the federal reserve said it there are signs that the economy won't be growing as fast in the united states or in europe and that causes this pressure against court in new york thank you. now to some of the other global business stories making the news right ailing company uber has picked the new york stock exchange for its i.p.o. the listing is expected to go ahead in april and could value the company as high as one hundred twenty billion dollars making the i.p.o. one of the five biggest of all time also general motors says it will spend three hundred million dollars at its orion plant near detroit creating four hundred jobs at the plant will make a new vehicle based on battery powered bolt one point four billion dollars will go into other u.s. plants with three hundred new jobs earlier however g.m. had announced a string of plant closures and over fourteen thousand layoffs budget bag paid its
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management board members their first bonuses in four years and twenty eighteenth's germany's because number handed out just over fifty million euros for the entire top management and one point nine billion euros in total bonuses twenty posted its first profit in four years. the international monetary fund has sent a team to mozambique to support efforts to help the economy recover in the wake of devastating cyclone each day hundreds of thousands of people have been affected by the disaster which left a trail of destruction across southeast africa hitting some of the poorest countries in the world. psycho need i made landfall near mozambique's fourth largest city bear on march fourteenth green devastating winds of one hundred fifty millimeters of rain in a single day rescuers and as struggling to bring aid to survivors many stranded on car gazer and roofs were stuck in trees the flood zone covers a vast area three thousand square kilometers. the i.m.f.
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has promised to help mozambique as well as other countries in the region. our solidarity is with the people of moves and beak zimbabwe and malawi in the aftermath of cycling. our condolences go to the families and friends of those affected by this terrible. disaster and an i.m.f. staff team is no in. to evaluate options for possible i.m.f. support the u.n. calls cycling you die one of the worst weather related disasters ever to hit the southern hemisphere mozambique is the worst affected country around ninety percent of beara has been damaged or destroyed even the port city affectively an island without power clean water or communications for the desperate residents of beera rebuilding after each diocese in enormous challenge. now in europe a heated debate has been waging over how to deal with content on the internet the
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european union wants to make providers like facebook or your perspire answerable for copyright violations their users commit on their sites not providers threaten to employ special algorithms so-called upload filters to block e. reserves from uploading content containing copyrighted material. who on earth would ban this song from the web. well you to my do it for one. if the new e.u. copyright directive comes into force content sharing platform such as you tube might end up using automatic upload filters to prevent copyrighted songs or photos
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with registered logos from being posted on social media there are concerns that posts containing users' own cover versions are holiday snaps which would be allowed under the new rules might also be erased by faulty content matching technology and that the filtering software might not recognize humorous posts like me critics of the e.u. wide directive say it could end the free exchange of information on the web some fear the new barriers with effectively isolate europe from part of the internet supporters of the measures dismiss such objections and scaremongering they say the new rules will mainly affect a few commercial platforms and they emphasize that the directive addresses a problem that artists have long been unhappy about. that's the thing that the creative community has been demanding for years namely to be paid for content and for content to be licensed is going to happen. but if
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a viral rendition like this vanished it might leave the web a less friendly. let me show you what that means here's a video a colleague of mine made of his son making called wales now if you listen closely the radio is on in the background and lady gaga is playing so the future of my friend wants to put this on you tube or facebook to share it with his family and friends he can't upload it because of the news of him but. that's. thanks for watching and have a great week of. climate
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secrets lie behind these. find out in an immersive experience and explore fascinating one cultural heritage sites. w world heritage three sixty fifth. i was here when i arrived here i slept with six people in a room. it was hard i was from there. i even got white haired. learning the german language and now a lot this gets me a little bit uniquely to in truck loads of say you want to know their story. it's the fighting and reliable information for migrants. i know nothing out of the gym well i guess sometimes i am but i stand up and women prefer
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to have instincts deep into the german culture of looking at stereotypes clefts but if you think the future of the country but i don't blame. need it seems to take fullest drama day out to me it's all about a new time a job join me to meet the gentleman from p.w. . post. hello and welcome to news from arts and culture i'm karen homestead and today will focus our lines on the fact that not all that glitters is gold. the golden pharaoh to it uncommon also known as king tut comes to paris a major immersive exhibition of his treasures includes over one hundred fifty original items from tucson commons to sixty of which have left egypt for the first time. and rebecca horn is germany's gone dumb performance and
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installation art is famous for her explorations of body extensions and machines aren't turns seventy five on sunday and take a look back at her career. an exhibition that looks at the influence of late pop star michael jackson on art and on other artists has opened in bonn and the buddhist queens tuller that's hosting it is having to justify the decision to go ahead with it and the show opens just weeks after the h.b.o. documentary leaving neverland made new allegations of jackson's alleged sexual. abuse of children forcing us to consider the king of pop in a new light who was this man who millions of fans still hail as the king of pop the sex abuse.

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