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tv   Business  Deutsche Welle  April 9, 2019 5:02am-5:16am CEST

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governing coalition with a group of right wing parties. a downgrade sends boeing stock into sharp decline and it drags wall street down with it. also on the show fighting in libya drives up the price of oil as investors that worry about supply disruption. and a code of conduct for a brave new world and europe make ai systems ethical. welcome to d.w. business i'm joined on in berlin thanks for joining us a mixed finish to wall street as investors wait on hundreds of corporate earnings reports a jew later this week but one of the day's big losers was boeing its stock dropped by more than four percent over friday's announcement that it would cut production
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of its seven three seven max aircraft several analysts are predicting lower profits amid continued fallout from the two recent fatal plane crashes are saying reputational damage as well as the max's ability to sell it could eat into market share in the long term. joining us now is our financial correspondent yan's quarter and wall street hello good to see you so we have an unfortunate makes here of a downgrade production cut so the prospect of financial liability for those two fatal crashes is that there is a way out for boeing. at the moment there are not really that many good news surrounding boeing and looks like it will take much longer to actually deal with the issues was the seven three seven eight planes and that is not just true for boeing which lost by the way about four and a half percent in value here on monday that alone caused the dow jones industrial
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average about one hundred nineteen points or without boeing actually we would have finished the day to the upside but we also hear from more and more airlines american for example saying that it will take much longer to actually get the planes going they're talking about ninety cancellations per day we also got a downgrade for southwest airlines also. facing some trouble and we also saw stock prices of those decreasing here at the beginning of the week a gloomy day for the aviation sector but stay right where you are again why your input on the next story and that's because fear at chrysler is teaming up with electric car maker tesla not to work on more electric vehicles but to comply with the european union emissions rules starting next year the e.u. will impose an average fleet limit of ninety five grams of carbon dioxide per kilometer analyst's wired last week that fia chrysler was the automaker with the
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highest risk of missing the target but the rules allow car makers to join forces sophia chrysler will count zero emissions test the cars as part of their own fleet bring that average below the limit. now yes i have to say this is slightly a jarring now is on loss because often touted his vision of a carbon free future is a healthy other car makers watered down their own emissions figures really the way ficker really the way forward. well if you look at tesla you have to consider that this company is so face she is facing a huge debt load and we do not have any of fishel i don't numbers yet but some wall street analysts are expecting that tesla could get about five hundred million dollars from chrysler for that deal so that is money that certainly can they use and then it is a controversial topic we do have emission trading if you look at the big industrial
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corporations especially in europe so that's the big debate actually companies with those higher costs and so it is not that it does not come to a price for fear of chrysler easer so that. it was facing this higher cost that companies actually might consider to produce less emissions so it's a it's a tricky and very controversial topic at this point but if you look at fear of chrysler and ford tesla at least business wise that seems to be a win win situation a balancing act for a few at chrysler and tesla thank you very much and carter on wall street and it's all eyes on libya as of the continued unrest threatens to reduce oil output on the world market the threat of supply disruption sent the price of oil climbing to five month highs the prospect of protracted conflict has investors praised bracing for more price swings. the fighting in libya sending
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shock waves far beyond the capital of tripoli and it could soon have an impact on global energy supplies as well. libyan oil fields like this one produce around a million barrels of oil a day and the renewed fighting is threatening to disrupt output. for opec members at least that's good news the organization of petroleum producing countries scaled back production at the end of last year in an attempt to raise oil prices and so far it's worked well prices have rallied by around thirty percent since the beginning of the year we would do on two to stabilize the markets and keep them stable i think we're getting to a stage where i'm going to reduce our started to stabilize and come down but there's still significantly above what i would consider normal levels. however the block is being tight lipped about any plans to expand output after its next meeting
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in june if the fight for tripoli impacts libya's oil production that's likely to drive up prices a temptation for oil producing countries to open the taps that's because current prices of around seventy dollars a barrel remain below the level many member nations need to turn a profit. shares in general electric sunk by nearly six percent today after j.p. morgan downgraded the company's stock but on looking regulators find the u.s. . fifty two million euros for filing a misleading application to take over denmark's wind power turbine company authorities and brussels eventually approved the merger after g.e. revised its application to. the european commission has unveiled ethics guidelines for artificial intelligence including for example maintaining human oversight for ai or ensuring the algorithms are biased these guidelines for
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so-called human centric a.r.e are to be piloted from member states where the central question being can ai really be made accountable. artificial intelligence offers great potential for work mobility and medicine using thousands of x. ray images researchers at stanford university have trained their own homegrown ai to conduct diagnoses or you have to do is photograph and upload an x. ray and wait a couple of seconds for the result. it's a mass and it's this thing over here is a possibly cancerous lesion and i can see that right over her. controls through even apparently under markable data like how a body moves while walking algorithms can use such data to recognize potential signs of conditions like parkinson's signs a doctor could easily miss but caution is advised. much of what we see might be
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great but it throws up ethical questions which need to be answered alongside the developments we make and we don't want to situation where we have very ethical that fail to progress nor should we just freely develop things and ignore the ethical side. take google's intelligent microphone's for example google itself warns in some detail what can be derived from household sounds like the length of time we spend brushing our teeth or whether we argue or if someone in the household is sick who. is to take over the world. direct our thoughts between person and person our communication about official intelligence grants huge power to silicon valley's tech companies gemini's justice minister once data monopolies to be broken up as a sling and must adapt antitrust law to the needs of the modern age for example facebook's takeover of whatsapp should have been prevented by antitrust law because
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it was completely clear what it would lead to namely a massive concentration of data being collected by must even dot com sent out so there's no avoiding it the ai revolution is coming the question is can ethics keep step with progress. shareholders have kicked carlos colon off the board of nissan that's the company that he was once credited with saving but charges of financial base conduct have dogged a goal making the japanese carmaker eager to sever ties with him. and shareholders arrive to decide the fate of carlos ghosn at a meeting that began with an apology. behalf of the company allow me to express my sincere regret for any concern the recent events may have caused. the row to psycho urged investors to trust the board and dismiss carlos.
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the final decision on the criminal charges will be left to the judicial system. however the two asses of the issue is removal on the grounds of breach of copyright ethics even of one of this misconduct would lead to the dismissal of any executive or employee you know just before his fourth arrest last week going again denied the charges against him saying they're part of a conspiracy within this hour to discredit him and his plans for the company nevertheless shareholders did as they were told and approved his removal as the comic his chair on the floor it's really such a pity he was a brilliant executive i guess he became complacent as he was being praised so much . for the piercers over this is so disappointing but when he came forward with his survival plan not just me but about twenty thousand employees across the world who fired the work as we now see you have so much money to spare and squander i feel
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there was no need for him to fire as i really don't get it. and that's it for me and the d.w. business team for more business news and features you can always go to our website d.w. dot com slash business thank you so much for watching. fake
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