tv Business Deutsche Welle May 29, 2019 10:30am-10:46am CEST
10:30 am
when you think. stopping no one is more popular than. rock and religion a clash that brings many. of the really so if you're reconcilable come. june 17th. in the up again and down again world of cryptocurrency these big calling has made a dramatic comeback tell you why you can't ignore it any longer and also coming up chinese telecom giant hallway resorts to u.s. courts to fend off attacks from washington and. urge the developed countries to also revealed that many ways and stop shipping out to the developing
10:31 am
countries. why malaysia is shouting out their long arms to the industrial world. welcome to the program crypto currencies have seen a remarkable comeback this year after investors ditched them in droves and 2018 the value of bitcoin for example surged nearly 70 percent this month alone to almost 9000 dollars now some analysts are predicting it will climb as high as $10000.00 but going to was the 1st and is the largest of the currency and has become the standard for digital currencies built on a decentralized peer to peer network it's inspired a host of other crypto currencies such as life you 3 m z cash that and big players are looking to create new digital currencies facebook is looking at a product called global calling while u.s. bank j.p. morgan has come up with its own crypto currency the j p m coin now earlier i.
10:32 am
philip zentner of the blocks and center of the frankfurt school of finance and management what he thought was behind this surge cryptocurrency yeah thanks for having me well from my perspective it shows that the technology is really pretty and there has been some ups and down you know as always in capital markets and now the technology is basically show off its real value and it's also the needs to in my personal opinion the new up rise with regards to especially because in part also author currencies what is the real value of a crypto currency to talking about. the out so you need to imagine it as a base layoff or trust such that all kinds of organizations and individuals can actions upon it it can potentially be some kind of store of value once the volatility fades away and therefore i personally think that not just the technology's pretty and her partner will also be some quite huge importance in the future do you think there could be a currencies have gained more obligate lost by now. well you know what awareness
10:33 am
by the media is really you know lots of media outlets have reported about it so just increases the huge awareness but the technology also has failed to deliver so far you know adoption is extremely low if you talk about market penetration you could estimate it when you're not really below one percent you know it's close to 0 but now also when it's getting picked up are also institutional investors are more and more interested to potentially invest in cripple currencies and also infrastructure is getting better for example regulation constantly providers and so on. infrastructure is being built and now potentially this infrastructure can be used by you know i suppose now j.p. morgan the banking giant in the united states is the 1st major bank to come in with their own currency facebook is planning something simular how far along are we on the path from a speculative investment to
10:34 am
a way to golly gee that might benefit many many people. yeah that's a very good question that you know you always need to differentiate between the public doctrine systems that bitcoin and if your home and potentially private box in system run by a bank for example or potentially run by facebook we also need to see that all these companies now are coming to the market with press releases also including j.p. morgan and facebook it's just announcements it's lots of experiments it's. there and song on the other hand tight not much has happened so far so it takes a little while until we see real product for the center of the frankfurt school block chain center thanks for talking to us thanks chinese tech company hallway has asked a u.s. courts to throw out legislation barring u.s. federal agencies from buying its products the lawsuit was initially filed in margin the chinese company is now asking for a summary judgment all that after u.s.
10:35 am
president donald trump has also banned the telecom equipment maker from trading with any u.s. companies. for way the case is clear politicians in the u.s. are use in the stance of an entire nation will come after a private company they are using every had to or they have including legislative administrators and diplomatic a china us they want to put us out of business well you've been there for months washington has been accusing hallway of spying just and delivering data out to leaders in beijing soon to walk away is something that's very dangerous you look at what they've done from a security standpoint from a military standpoint it's very dangerous from shenzhen with a clear report all the u.s. government has provided no evidence to show that highway
10:36 am
is security threat. there's no gun no smoke only speculation. speculation that has landed huawei on the so-called entity list a list of companies that u.s. firms cannot trade with google has already announced that it wouldn't provide updates of its mark phone operating system android to huawei shares of some u.s. tech companies including chip makers have come under pressure. meanwhile the us chinese trade war is escalating beijing has announced it was thinking of limiting exports of rare earths to the u.s. endangering the tech sector they are chinese 3 are earth are a key resource used to make smartphones as well as computer and even military hardware. and now to some of the other global business stories making the news the
10:37 am
u.s. treasury again found that neither china nor any other trading partner is actively manipulating the value of its currency u.s. presidents trump had repeatedly accused china of currency manipulation the treasury's semi annual report released on tuesday the treasury did however call on china to avoid passively allowing the rim in between. the head of car maker an old today presented plans to merge with rival company fi ups to longtime ally nissan in tokyo japanese car maker is regarded to have been blindsided by the likes nissan is already facing nosediving profits and a tarnished reputation since the arrest of its former chairman carlos gone. general electric is considering plans to cut more than a 1000 jobs and friends that's despite the french government repeatedly urging the us engineered fairmont to do so earlier this year g.e. it was fined by the government in france for failing to meet a promise to create a 1000 jobs after it acquired the french rival al storms power business and 2050.
10:38 am
1 of the world's largest drug manufacturers has gone on trial in a multibillion dollar lawsuit by the u.s. state of oklahoma prosecutors accuse johnson and johnson of deceptively marketing painkillers and downplaying addiction wrists by doing so they say the company played a key role in the state's opioid epidemic. gail box is heartbroken at the loss of her son austin was a college football player at the university of oklahoma and only 22 years old when he died from an overdose of opioid painkillers here the last day i saw him was the day he graduated from the university of oklahoma that day one of his coaches britton venables came up to him and said austin. hasn't gone
10:39 am
time and he said coach will live and then turn just leave and jerry. but unfortunately austin was living a nightmare the nightmare at prescription drug abuse prescription opioids to be exact it were drugs like these produced by manufacturers like johnson and johnson that killed almost $50000.00 people across the u.s. in 2017 now legal action is being taken against the company. the pain anguish and heartbreak that oklahoma families businesses communities. and individual qualms. is almost impossible to comprehend. how did this happen. at the end of the day your honor i was sure one word answer.
10:40 am
greed. the state of oklahoma is accusing johnson and johnson of intentionally creating an oversupply and lying about the risks the company denies the allegations . many african countries have generated income by recycling plastics and electronic waste from industrialized nations asia also jumped on the bandwagon but the load has become overwhelming now malaysia is refusing to become a dumping ground for its emissions. a deluge of plastic. more than $300000000.00 tons of it is produced globally each year lots of it ends up here at ports lying malaysia's busiest shipping port. since china halted imports of plastic within 2017 southeast asian countries like malaysia vietnam and thailand have taken over a big chunk of the global plastics recycling trade but the flow of plastic west
10:41 am
from wealthy nations around the world is proving too much to handle last october malaysia banned the import of non-recyclable plastic rubbish now it says it will start sending all the plastic west imports back to where they came from. we are here to urge the developed countries to also revealed that management of plastic waste and stop shipping garbage out to the developing countries if the sheep to malaysia we will return it back we doubtless please this inspection of port klang uncovered more than 450 tons of illegally imported plastic waste packed tightly into 10 containers that came from as far afield as astray or bangladesh canada china japan saudi arabia and the us wherever this waste eventually ends up the chances are it will simply be added to the world's plastic trash heap just 9 percent of the plastic produced between 19502050 in that 65 years has been properly
10:42 am
recycled. and finally amazon founder jeff bezos ex-wife mackenzie has pledged don't have the majority of her wealth to charity in a letter published on the giving pledge the website a charity initiative launched by warren buffett and bill gates mackenzie wrote quote i have a disproportionate amount of money to share after splitting from jeff bezos the 49 year old became the 4th richest woman in the world with an estimated net worth of more than 36000000000 dollars and that wraps up our program for more check out our social media feeds our website n.p.r. . thanks for watching.
10:43 am
10:44 am
secretive then you'll. singling of going super rich definitely around 20000000000 more or less how do germany's wealthiest people live why do they keep such a low profile we have a snoop around to catch a glimpse of top of the discreet lives of discipline which starts june 10th on the c.w. . can artists spear replaced by artificial intelligence are machines capable of creativity on this edition of arts and culture will be asking kemah ai make good art or art and all will have experts a d.w.i. global media forum weighing in. also on the show the uncensored and very human
10:45 am
photos of boris mikhail the 80 year old artist who documents life on the streets. first though it's goodbye rembrandt hello robots well not exactly but more and more artists are getting artificial intelligence to do their work for them or at least testing what ai ai is capable of so when will the machines just take over and when they can eventually produce music or movies all by themselves will it really be art here's a quick look at some of ai's artistic accomplishments so far. contacts myself a blood red recently seen i think that is the end of me and controlled by intelligence software not an isolated case robots an ai have long figured on the art scene artificial and artistic intelligence seem to work well together something something.
34 Views
Uploaded by TV Archive on