tv Business Deutsche Welle August 13, 2019 3:45pm-4:00pm CEST
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transformation. soon energy research and education meant to be the new sources of prosperity but such changes will inevitably also bring new ways of thinking and living life after coming. in 45 minutes long t w. i think is everything challenging 1st i became a muslim. so much different culture between here and there challenging for if. being. an islamist a southerner was worth it for me to come to germany. months ago my license to work as a swimming instructor i'm sure now our 2 children 100 adults describe the toughest question. what's your story take part sheriff on info migrants caught next. robots
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are still in the development phase. but it's going to happen when they grow up will humans and machines be able to peacefully co-exist or are we on the verge of a robot collapse. artificial intelligence is now spreading throughout our society chaotic world experts be able to agree on ethical guidelines or will this technology create deadly new autonomous weapon systems. or robot let's start aug 14th on t.w. place. planes may be taking off again from hong kong's airport but investors worry the unrest there could its the global economy in territories probation. or warns
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against what she calls a path of no return also on the program argentina's peso and financial markets plunged after a presidential primary are set to tell you what exactly has investors so severe and is the place for the person who has ever seen except a convenient way to travel the world seen by the e.u. is unhappy about how cyprus standing out. on his welcome to the program. hong kong airport has reopened after pro-democracy protests but fear of another sit and have seen hundreds of flights canceled also there is a broader anxiety about hong kong's future as a global economic hub and asian stocks tumbled amid dire warnings from mainland china about terrorism the threat of intervention and embattled hong kong chief terry lamb warning against what she calls following a path of no return. the arrival and departure listings are back in hong kong
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airport but hundreds of flights have been scrapped and more destruction could be on the way. it's not just passengers investors are anxious to they believe the hong kong protests are evolving from a local issue to one with global economic impact embattled hong kong chief curry lama has tried to soothe market fears i as a chief. executive will be responsible to rebuild hong kong's economy to engage as spike lee as possible to listen as attentively as possible so my people scream and says and try to help hong kong to move on lagos. i the words have done little to ease jitters around asia asian stocks have tumbled amid darr warnings from china about terrorism and threats of intervention fears of a drawn out sino us trade war and worries of capital flight from hong kong have added to woes investors believe hong kong's future will be decided by beijing and
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those worries have been taking a toll on singapore's economy as well the city state has cut its annual growth forecast as their trade spat hammers exports singapore is an export up and highly sensitive to external shocks it's expected to grow between 0 and one percent this year that's a sharp decline from the previous estimate of between one and a half and 2 and a half percent many asian countries have slashed their growth forecasts. argentina's financial markets are known to be volatile but if by these standards it was a brutal meltdown investors panicked after the country's business friendly president was walloped in a primary election by his leftist. the peso tumbled against the dollar on monday and stocks on the argentine market went into freefall losing over a 3rd of their value on average in a matter of hours investors are worried that when elections take place in october
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a current president. will be out he's worked with the i.m.f. to try to steady argentina's economy in part through painful cuts now voters appear to be running out of patience. like i said at the i hope the economy revives because many people want to work and can't we get to the end of the month just making it we're now working to pay taxes because being able to save money ended a while ago. unsteady international markets and poor harvests sent argentina into recession and 2018 markley hope the country would be able to export its way out of trouble this year but the global economy has slowed inflation and unemployment are high and many say markley hasn't helped his government accepted a big bailout from the i.m.f. which is unpopular in argentina and also put austerity measures in place. is a bad manager of the economy he applied to gradualism that didn't work well. that's
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where sunday's big winner comes in opposition candidate as wants to renegotiate the i.m.f. lifeline an uncertain proposition that the elections in october argentines will face a tough final choice stick to the painful path of reform which at least promises some stability or take a new direction based on big promises that remain they. let's get a quick check on european markets where the dollar is and advised us standing by the frankfurt stock exchange i met the shares of germany's 2 biggest banks are slumping tell us more about. yes it's the 2nd day in a row we are seeing dogs are back and for mass bank close to record lows for coming out spunk they even touched a record low as of yesterday and the reason behind that is a perfect storm for the banks they have a very low profitability and they were both kind of banking on high interest rates but they are not coming it's more that we are going to see an in-state cut from the c.v.s. soon as september and that's the same time the german economy is going from bad to
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worse and that also is a problem for the banks because clearly their loan portfolio is deteriorating is specially for come and spend so a new strategy needs to get in place for commands frankly waiting for one towards the end of september and for gawd's or bank it remains to be seen how the lend can really turn around its fortunes the shares of german automakers are also under pressure is that also the question of how to move forward into the future that has investors board here gets it's all about the outlook i think it's getting more and more clear that we are not going to see a recovery and demand in the 2nd half of this year we just got numbers out today as well henkel is making 50 percent of its revenue is actually with the automotive sector and they also saying they're not expecting it pick up in demand here in the
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international space and that's something which is marriage across the board actually in germany in the especially with the carmakers so i guess there is no relief also for the 2nd half of this year for the comic i see especially with china and also the u.s. going not very well in terms of cars the mond with us back to you and the device both in frankfurt thank you. one thing that comes in handy as a citizen of the european union is that passports issued by e.u. member states grant entry to more than $100.00 countries around the world without a visa but there is a way for non e.u. citizens to quickly get their hands on one as well they need to bring quite a large amount of cash though and a suitable investment in cyprus lately mainly wealthy russians have managed both. suckers is booming again and its 2013 financial crisis seems all but forgotten.
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