Skip to main content

tv   Business  Deutsche Welle  August 7, 2019 8:30am-8:46am CEST

8:30 am
is spreading through our society they are real experts be able to agree on ethical guidelines or will this technology create deadly new autonomous weapon systems. all robot collapse stores aug 14th on t.w. . markets in asia are still raw sold by fears the us china trade or could spread to the currency arena even though darvish tones are coming from the white house investors are fleeing to safe havens in droves. and shocking new figures show how increased use of internet streaming services like netflix is pushing c o 2 emissions but we all have warming the planet one clicked at the time . and didn't want to make some bucks from climate change global warming turned
8:31 am
these full of fishermen into their prey is really really big. pieces d.w. business. in berlin asian stock market slipped for the 8th session in a row the escalating us china trade war is casting a wide shot shadow traders worry about the continued weakness of the yuan against the dollar stock market benchmarks in tokyo hong kong and soledad down around half a percent china is intervening to steady its currency after recent folds of the currency slipped in one state trading keeping markets guessing goldman sachs has announced it no longer expects a deal in the u.s. china trade for the 2020 u.s. presidential election morgan stanley believes could tip the global economy into recession by the middle of next year. meanwhile more dovish tones for. the white
8:32 am
house donald trump's economic advisor larry kudlow pointed to upcoming bilateral talks as a source of confidence. the door is open for additional negotiations. we are planning. for the chinese the in the coming year in september you know they are meeting. they have their. leadership on clay for about 10 days i think it's already begun and then no come out of that to still be ahead of the september 1 terrible line and you know we hope the economy or we hope we can have some very positive results and we go she ations that's an optimistic view the president's office said. that we're open to negotiations like. the national correspondent only bonds joins us from frankfurt only do these multi mystic tones there from a called low help. it seems to be helping here and early european trading
8:33 am
and frankfurt where i'm standing it looks like the opening will be a little bit higher positive that's not certain yet and that's not certain even if it is open higher whether that will be the trend for the day one so yesterday on tuesday here in european markets people starting off with a bang being very positive and then at last seem very quickly and dax for example in the losing but certainly what larry kudlow is saying there is a booster he's he's reiterating and he's making clear to the markets that there is still hope for talks that the united states is expecting progress despite these accusations of currency manipulation that you mentioned people fleeing into safe havens yes they're doing that the gold price this morning at about $1485.00 per ounce the last time it was at that level was at the middle of 2013.
8:34 am
you mr trump yesterday accused china of currency manipulations will europe and the e.c.b. be next on his hitlist. well he's already criticize the e.c.b. for being much too hard on the economy and on and on rates and that's being unfair to the united states attacking this is made by mario draghi and his colleagues but the e.c.b. is a different case than china china directly sets a trading level for that you on so directly tries to influence the trading and the yuan pretty well trades at those levels that's that's a fact the e.c.b. doesn't do that it sets rates and it buys up securities at the moment not new new levels of securities but it can do that and has done not and that influences the way the currency trades so much more indirect level and remember also for germany the euro as it stands now may be a weak currency improving the competitiveness but not for southern europe for
8:35 am
southern europe the euro is still a very hard euro for countries like italy spain portugal greece. only bonds in frankfurt thank you and it's only just said due to all that uncertainty investors are flocking to safe havens like gold the price of gold on world markets 6 year high of around 1400 $75.00 an ounce in india prices have also reached new peaks. india's gold traders have much to celebrate prices are soaring and still there doesn't seem to be a shortage of buyers the prices. because office to. gold isn't just an investment here people wear it in many festivals so the indian rupees recent tumble against the u.s. dollar isn't helping and last month the government raised import taxes on gold to 12.5 percent from 10 percent but market observers put most of the blame on the us
8:36 am
china trade war. us war where. america has. production coming from jayna so for now the only way for prices may be up. in 5 and shares of the walt disney company tumbled as much as 5 percent after it reported a steeper than expected earnings decline 2nd quarter profits fell 51 percent the disappointing figures come despite strong box office against thanks to record breaking film's advantages which became the all time top grossing film disney announced it was spending more than anticipated in the run up to its launch of its 1st bundled video streaming service in november. we were
8:37 am
talking about climate change we rarely think about the internet industry we all assume the oil industry is the biggest culprit manufacturing transport and agriculture also are seen as the big climate baddies but a study from the think tank in france now suggests that the internet isn't nearly as green as you and i have thought digital services account for an estimated 3.7 percent of global greenhouse gas emissions as almost twice as much as civil aviation. and still about half as much as all the world's cars and motorcycles one reason the huge server farms that most your that host your social media activities and the movies you watch on netflix or you tube use loss of energy and thousands of cell towers providing everybody's smartphones with mobile internet need energy to also the digital economy is growing all the time small phone usage is on the rise as is connectivity via the internet of things. the interior of the economy
8:38 am
is in freefall following the reintroduction of the us sanctions soaring inflation has even prompted the government to shave 4 zeroes off the value of the currency meanwhile the sanctions are clouding the business climate in iran so many foreign companies pulling the plug on their operations in iraq once upon a time doing business in iran was reasonably straightforward now foreign companies operating there are finding themselves caught up in political strife of the 120 german firms that had a presence in the country how often i pulled fearful of angering the united states if they stay european businesses that want to keep trading with iran without infringing u.s. sanctions can do so by using a specially created instrument called insects but take up is not widespread and the reintroduction of u.s. sanctions hasn't only damaged business ties it's all but
8:39 am
a road iran's most important source of revenue oil. back in march of 2018 iran was exporting some 2800000 barrels of oil a day just over a year later the figure has halved and alice now say it's close to 0. the international monetary fund expects the iranian economy to shrink by 6 percent this year the turmoil has even prompted the government into a drastic move it's a 400 for the value of the rio in order to curb inflation. you know reaching it so this could have a bad impact on our lives it makes me think about how valuable those zeros once were it changes the value in our minds my money is now so devalued that i don't see it is worth much. as inflation continues to soar many a rainy and are struggling to afford basics like food and medicine unemployment to especially among young people is on the rise. as the world is getting hotter
8:40 am
all of the world's polarizes melting so why not make a few bucks from it while we can and that's what they're doing in newfoundland and labrador in canada's north in an area where fishing was once a top industry form of fishermen have now become hunters and it's not animals that after shooting a much bigger prey. yes that's an iceberg and this is how edward keene now makes his money the 60 year old canadian fisherman hunts ice that's. to the north and drifted south to warmer waters his team breaks the giant pot sometimes with the help of a rifle pushes them out of the water and holds them into the a boat where they're thrown into a container to melt all for this bottled glazier water welcome to the profitable side of climate change with the arctic swarming waters come new opportunities for
8:41 am
the business minded in canada and not just for bottling more tourists are flocking to iceberg once frozen corridors are now opening giving visitors the chance to reflect soberly on the revenues of climate change. the region is benefiting from the boom which has helped to offset the decline in the area's traditional fishing industry part of the newfoundland and labrador coast has even renamed itself the iceberg corridor or keep getting better every year we got 2 or buses coming here and. we can see what we decided to about 3542 or. older people coming into town every every season or so. back on keane's boat he's got a hole to deliver he can collect as much as 800000 liters from may to july which he'll sell locally for a dollar a liter the same water will be sold again eventually fetching as much as $12.00 a bottle target market luxury shoppers in europe and the middle east keane is
8:42 am
philosophical about his role. 3 weeks. naturally because back to a jury. here. climate change appears to be unstoppable might as well make a little money in the process. why not make the best of it and that's it from me and the business team him blend business. users always check out of the w dot com slash business venture watching seduced to d.w. with up to world markets.
8:43 am
i'm secure in the fire more than talent and in the end there's a me you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers were lions of the what's your story ready. i mean when i was a women especially in victims of violence and take part and send us your story we
8:44 am
are trying always to understand this new culture. for you are not of a little another year you want to become citizens. in for migrants your platform for a while information. hello and welcome to the news from the world of culture we'll take a look back at the career of the novelist tony morrison who died on monday night also coming up the world's a nicer place in my beautiful balloon goes the pop song you'll see that's true at a huge balloon festival in france. and a revolutionary new out that's changing the way art is created and experienced.
8:45 am
the american novelist tony morrison who died on monday night aged 88 is of course best remembered for a book beloved it one has so many fans and so many accolades to. morrison once said we die that may be the meaning of life but we do language that may be the measure of our lives wise words a look back now at her extraordinary life greg maddux solution a technical in toni morrison's career the 1st african american nobel literature laureate receiving the presidential award of freedom from america's 1st african-american president barack obama in 2012. her path to success was studded with obstacles that she overcame with defiant inspired by her grandfather as she remembered in a documentary the pieces i am released earlier this year.

38 Views

info Stream Only

Uploaded by TV Archive on