Skip to main content

tv   Business  Deutsche Welle  July 24, 2019 8:30am-8:45am CEST

8:30 am
but 1000 talked to a team of british researchers who took an optimistic view. the while. the. world really getting better. $3000.00 special report. starts august 19th. and you heard all the bad news from deutsche bank well think again germany's big. second quarter losses of 3000000000 euro massive job cuts failed much. all those products really organic. sustainable $2.00 cost fake eco products a royal botanicals institution goes for sherlock holmes.
8:31 am
the c.w. business. has announced a loss of $3100000000.00 euros for the 2nd quarter of this year it's being attributed to the cost of a big restructuring plan announced earlier this month germany's biggest lender is drastically cutting back its investment banking operations with a loss of 800000 jobs c.e.o. . has already taken significant steps to implement that strategy. let's bring in our correspondent. in the frank. used to bad news from deutsche bank at a loss of 3000000000 euros that is monumental isn't it still within the remit of normal losses that companies of that size can stomach. it's an eye popping number there's no doubt about that and i think you know this is a bit surprising for investors in the market because just a few weeks ago which a big hit so that they were expecting a las below 3b3b euros so there is
8:32 am
a little bit of surprise about that but just to put it into context it's not the largest loss that bush because ever seen back in 2015 they had a loss around $6000000000.00 euros and you know during the financial crisis banks here in europe and across the world were regularly opposed to the sort of losses in that range so it's not completely out of the ordinary i think what's going to be more concerning for investors here is to sort of when you look at you when you look at the details of this report when you sort of strip out those costs the people the picture is still pretty bleak so you know the revenues from some of its most important business is sort of what it's relying on going forward we're also down and if you strip out the cost profits we're also down compared to a year ago so even even if you exclude the charges it's not looking great for deutsche bank you know it's a lot of the big picture that is firing tens of thousands of people is getting out of a deal to go i mean what's the feeling a moment investors will get back on track with this restructuring program
8:33 am
i think there's a lot of concern among investors you know this this this restructuring had been pretty highly anticipated people really had been looking for this for a long time but now there's all these questions over how they're going to execute and you know there's also the question now overhanging all european banks of sort of the e.c. be using program coming for that's going to be really difficult for banks and you know with with track record how do they carry out this huge restructuring while also facing just global had when if you look at the stock reaction today their shares are down about 4 percent in early trading so it's not a great deal of confidence so it's a delay in the thank you. trade holes and tariffs toll on world trade. for of shipping containers on their way to china could decrease soon the punitive tariffs imposed by the usa and china on each other are a particular burden on world trade and with the development of the global economy
8:34 am
the international monetary fund also sees a risk in u.s. sanctions which could interrupt global supply chains in the technology sector apparently a reference to the u.s. government's conflict with chinese telecoms equipment maker huawei. after global growth of 3.6 percent last year the i.m.f. expects only 3.2 percent this year by 2020 it's expected to be 3 and a half percent for both this year and next the i.m.f. has lowered its earlier forecast spice 0 point one percentage point. the i.m.f. also said another reason for the lower expectations is the uncertainty concerning brags that perhaps ironically the outlook for the u.s. the country that started the trade wars behind the global uncertainty is significantly better than the rest of the world. china's ali baba is now allowing u.s. companies to sell on its e-commerce platforms companies opening office be to be market
8:35 am
players to u.s. manufacturers distributors and wholesalers is part of its larger efforts to expand international market share and about wants to take on amazon's b. to b. venture and as a business in the process it. ties between south korea and japan have come under strain again in a route that dates back to colonial times between 910 and 945 the korean peninsula was under japanese rule many koreans were forced to work for japanese japan's companies now some of these laborers are demanding that their one time employer it's a big heavy industries sells its korean assets and use the proceeds to compensate its former workers. it's the worst japan south korea ra in years a group of aging korean ex laborers make their case carrying signs saying no abbé no mitsubishi and we waited 74 years mitsubishi must apologize and compensate
8:36 am
they were forced to work when the korean peninsula was under tokyo's colonial rule between 101-1905. in 2018 south korea's supreme court ordered mitsubishi to pay compensation tokio insists compensation has already been paid under a 1965 treaty nippon steel and nazi food because she have already had south korean assets seized following similar court orders this week the general counsel of the world trade organization is meeting to resolve escalating tensions tokyo's curbing the export of high tech goods to south korea the koreans say these restrictions violate trade rules and accuse japan of using them to retaliate for south korea's demands for compensation. to japanese governments export regulation is clearly an economic invasion of korea without using guns the
8:37 am
regulations also show that japan's nasty aggressive spirit of days past but forced tens of millions of people to wage war is still deeply rooted inside them. if the court approve the plaintiffs demands mitsubishi assets in south korea will be put up for auction to raise funds to pay the compensation. or more companies are jumping on the 5 g. brown wagon for their internal communications logistics needs german chemicals maker. is one of the tanker trucks will soon drive the thomas lee. side in look looks after using 5 g. technology company is building its own network to avoid congestion or the potential breakdown of a commercial system. this is transport of the future a tanker truck containing more than 60000 liters of chemicals twice itself around the headquarters of the german chemical company. remote controlled trucks smoked
8:38 am
the tanks and carry them to their destination on this huge site in new takes half and. then monitored and controlled in this room. the staff have an overview of tool times of what's in front of behind and next to the vehicles. of this part to be operated with cameras on a monitor the vehicles in forward or reverse gear which side is fitted with the same technology started the b.s.a. is currently trialing 6 of these trucks known as automated guided vehicles they hope to have 20 in use by the start of next year the camera images and like haitian data transmitted via mobile network. the images need to arrive at the control room in real time with lots of vehicles in operation of the same time the current 4 g. standard wouldn't cut. that's why b.s.f. is building its own ultra fast 5 g. network onsite. hopes he'll soon be able to
8:39 am
control the entire good's traffic across the 10 square kilometer area the network will also transmit data from up to 2000000 senses to the chemical plant to inform a tuna teams about problems in real time. the company ruled out using the. if a commercial mobile phone provider. and his nets out if we're on a public network and it breaks down we've got a big problem because the systems we want to put in place here would rely on 5 g. so they would all suddenly stop working for free in. germany is digital association bit come reports that half the country's industrial companies and almost 2 thirds of major corporations plan to use 5. expert nick carter says it's a great advantage for companies to build networks with their own specific frequency . and so far it's only been possible in germany. these
8:40 am
are using local frequencies companies in germany have the opportunity to join 5 g. early and to start making use of the networks advantages from. b a s f employee currently controls the automated fickleness but when the company's own 5 g. network is set up they should be able to drive completely autonomous. ecological organic sustainable those are the buzz words you need today to sell a product to an increasingly environmentally aware mark so many companies claim their products are sustainable. for consumers it's very often hard to gauge whether these claims are actually true now one of the oldest botanical institutions in the world is opening a laboratory test those claims and hold. to account. gardens in london home to one of the most vibrant botanical collections in the world and
8:41 am
now the site of a laboratory set up to find out which companies are faking and legions to the natural world the aim is to capitalize on huge knowledge of plants to authenticate or d. bunk the claims made on packaging. has it been prepared in the correct way is there enough material to justify any form of claim those are the types of things the challenges that the just so much supplementary companies are facing when you basically have these speak our voice the to supply that we can take a common shampoo ingredient like coconut for example big companies tend to bulk buy it in a processed form they often don't have the expertise or desire to conduct their own chemical tests not so to hear the ingredients are tested using a machine called
8:42 am
a mass spectrometer it's similar to the kind used to test out fleets for doping. so far the scientists to valuated food drink diaries fragrances and so-called traditional medicines the results have not yet been revealed but the hope is that they'll plant a seed for better regulation in the future. and that's it for me on the business being stay tuned for arts and culture that's up next here on the. odd.
8:43 am
luck. bursts. home 2 moves of species. a whole lot more significant. those are big changes and must start with small steps. to tell stories of creative people and innovative projects around the world. to control the good news to bring good submissions and be forced to. interact as content teaches the next generation the book the touch of. the bruising channels available to people to take action. and more determined to build something
8:44 am
here for the next generation coming along. the environment series of global 3000 on d w and all mine. the be. hi there and a warm welcome to arts and culture hi i'm karen helms said 30 years after the fall of the berlin wall the work of east german artists is being reevaluated we'll have more on that in just a moment and here's what else is lined up. landing artists all up for alias on returns to the tate modern with what's been deemed an unmistakable exhibition one that highlights his delight in visitor participation and concern for the environment. and in our series underground europe we visit an eerie subterranean lake in southern switzerland.
8:45 am
dividend or the turning point that's the term that germans used to refer to the fall of the berlin wall in 1909 an event that meant the end of east germany and cleared the way for the country's reunification artists who had found a way to co-exist with the communist system and opened a vast new world of possibilities at the same time however it up ended everything about their creative motivation and their lives for 30 years on an exhibition in like 6 looks at the art that was produced during this turbulent period. doesn't see herself as someone who can see into the future but what the lights painted just a year before the fall of the wall did come to pass people peacefully demonstrating with can.

32 Views

info Stream Only

Uploaded by TV Archive on