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tv   Business  Deutsche Welle  May 3, 2019 3:45pm-4:01pm CEST

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the czech republic made headlines last december when its cyber watchdog warned about the potential dangers of network technology from two chinese firms while way and z t e with that prague suddenly found itself in the middle of a larger transatlantic debate over chinese tech firms and the rollout of critical five g. mobile networks about debate has returned to prague this week where the u.s. in particular hopes to convince european allies that huawei is a threat. super fast four k. television the internet of things artificial intelligence a fast transfer of massive amounts of data over five g. networks is key to all the coming tech trends but fast is not all that counts more important than speed is security and the question who handles our data and how politicians the world over are aware of the future impact of decisions made now. in a nut shell the within. a fraction of
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a second zero point one second i think today you're able to transmit this matter information but under the new framework of five g. within that zero one seconds we'll be able to transmit this amount of information from inside out and outside in that would include a model where mower data as well. leaving the debate on five g.'s security is the united states. i mean we hope that like minded governments will avoid committing to any one system or vendor until they're able to properly vet and compare available technologies and fully assess risks cross the lifecycle of five g. networks installation and operation. stein man's common stock targeted at one company in particular while away the chinese telecoms equipment maker is the global leader in its field it's said to have the best technology but some accuse the firm of being too close to beijing and then able in the chinese government to spy on
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countries working with huawei hardware the us has banned while way hardware from being used in its networks and is trying to convince others to follow suit european allies are at the center of its pressure can pain and the czech government itself is divided on the issue the company however remains optimistic about their global perspective. so far we've shipped more than forty thousand five hundred base stations around the world in china korea across europe in the middle east. and we've signed more than thirty commercial five hundred contracts so far twenty nineteen we see is the year of five g.'s when five t.p.k. it. is a journey ahead but the early signs are very encouraging while the proc conference did not come to a conclusion on huawei the pressure from the u.s. and other countries will almost certainly continue to hamper the company's success . and let's bring in our financial correspondent ashutosh condé who is joining us
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live from frankfurt ashutosh the u.s. has been making this case for a while been pushing its allies in europe for a while is it coming ahead is it making progress with his case against wall way. it's does not seem so so far because major allies in germany and britain have indicated that they may not completely ban who obvious from participating in the five g. building a five g. network in the country britain has said that while it shares u.s. concerns it feels that it can actually deal with the. clues these scrutinize the company and its office so that can do this there can be managed. and also because the europeans feel that most of the major european get is laid out for and they already use a lot of who are going to change that or to move to another equipment would not only be proved to be costly but also would believe that all of the five g. and remember europe is our lady our lady late to the five g.
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party so having said that and also the fact that of frustration of us can begin from the fact that how threatened. that it would in intelligence sharing if the country goes ahead with five g. . and also the fact that there are reports that there would be u.s. companies would be told not to supply some sort of equipment to hawaii to take to prove prevented from actually coming out with the five g. technology and other equipment that it uses for its five point rather than stay with us ashutosh as we look at another report that we want to ask you about and this one about h.s.b.c. coasting on the back of a strong performance in asia to report profits profits topping thirty percent in the first quarter of the year the bank which is based in london but reports in dollars said pretax profits came in at six point two billion dollars which beat expectations the group also reported it had significantly reduced operating costs
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and it's tried to grow keeping outlays under much tighter control. so ashes are some strong numbers there from h.s.b.c. the question now. that keep it up given the weaker growth we're seeing in china. stephen this is certainly a field so the shares are up three percent in london footsie hundred the best performer on the index and that's because the company has managed to cut costs and it has predicted that it is going to have stated this cost cutting efforts and the fact that it sees this is going to be choppy environment going forward there's going to be uncertainties in this market in asia and that's the reason why it is going to keep reducing costs to actually meet its twenty twenty goals and investors have to have that and they have that because this quarter they have actually managed to raise that avenue at a much higher than the course which had been
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a target for them in the pas and they were able to teach that but this time they have managed to do that and that's the reason why you see how. the and in the expectations of profit and joining us live from frankfurt thank you ashutosh. over the u.s. now the american economy adding two hundred sixty thousand jobs in april notching a record one hundred three straight months of job gains it's just the latest suggestion that the current u.s. expansion is far from stalling the unemployment rate fell to just three point six percent that's the lowest level since one thousand nine hundred sixty nine right now the u.s. has more job openings than unemployed people in a situation some economists call full employment since most job seekers are able to land a job. investors were hungry for imitation meat producer beyond meat on its first day of public trading the vegan burger start up more than doubled its
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initial offering price in the day it close to sixty dollars a share and giving it a market valuation of nearly three point four billion dollars that despite the company warning it likely won't turn a profit in the near future. leonardo di caprio bill gates and snoop dog they're very different celebrities with one thing in common they're investors in beyond meat which makes plant based meat substitute burgers and other products that are already widely sold in supermarkets in the u.s. . on the first day of trading beyond me cheers skyrocketed to one hundred sixty percent of the original offering price now ewing the company at three billion dollars. that's a similar figure to the amount americans spent on vegan products last year but demand is growing strongly showing the kind of potential investors believe the
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sector has even fast food chains are getting on board last month mcdonald's put a vegan burger on its menu. the big question is whether the company is really worth all the hype analysts point to the fact that beyond meat employs under four hundred staff and had sales of only about ninety million dollars in total last year and ended up around thirty million dollars in the red. let's go back to europe where fans of t.v.'s game of thrones have been flocking to croatia in particular dubrovnik on the coast but in the very real middletown cope with so many fans of a fantasy show. the. tourists visiting to bravo neck enjoy acting out the scenes of the popular us series game of thrones set the spots where they were actually shot the tour guide mario surf takes some to the film locations the tour cost twenty euros per person he now has three
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employees. business is booming last year one point two million people visit dubrovnik. it's not just that you don't lose the phone the newest star wars you. know because the newest one here even bollywood came here with the biggest star should call in the film we hear all that helps a lot. every morning tourists converge on the old town. during high season around eighteen to twenty thousand people walk through its narrow streets each day. of course not all are game of thrones fans but the fantasy series is especially popular with younger tourists. the city council has discussed limiting the throng of visitors even many of them think that's a good idea. sometimes.
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you can do that because of the ways if there's too many of you and you don't do a live feed of. the entire old town has adjusted to mass tourism. the cityscape is dominated by souvenir shops hotels and restaurants the us go world heritage site is a bonanza for the coalition tourism industry. too much people sometimes people most are believed to be able to. vote and then the position they're sure. to surf is also critical of the mass tourism. as dubrovnik reaches its limits he suggests stepping up efforts to rein in the chaos. to a limited number of people that. we just need to. it's a first step each day just to cruise ships are allowed to dock in the port of
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dubrovnik but that's unlikely to do much to limit the crush of visitors in the long term the tourist season has just begun. has been hit with a class action lawsuit in australia that comes shortly before the ride sharing firm is set to go public taxi drivers say the company knowingly broke australian law to gain a competitive edge they're demanding compensation for lost income a lawsuit is just the latest reminder of the regulatory battles ahead of upcoming i.p.o. . that's it for me in the business team i'm stephen beers in berlin thanks for watching.
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the for. the phone.
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to go. to spider-man of mumbai is on the prowl but he's out to protest in the it's. become a just righteous knows the secret life of legged creatures like no other. and he knows how important these are often in. the few minutes. the furious moments to yourself miss her. channel six critics don't miss out. no cause for celebration world press freedom day on t.w. . and action packed life. anything's possible as long as up because he and
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his friends can dream that his movie theater in kenya is the dob refugee camp. his life story ran aground to a. twenty seven years ago but there's no holding back his dreams. thank you for cinema dub starts in may twenty seventh on e.w. . frankfurt. international gateway to the best connection self road and rail. located in the heart of europe connected to the whole world. experience on standing shopping and dining offers and try our services. biala gassed at frankfurt airport city managed by frog bought.
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this is the w. news live from our land cycling fanny slams into the east coast of india more than a million people have been evacuated from their homes for rental rain and violent winds. of more than two hundred kilometers an hour are affecting the weather across the entire some top talent also coming up on world press freedom day we need a journalist in slovakia who says that growing right wing extremism there is a threat to journalism and the personal safety of reporters.