tv Business Deutsche Welle September 5, 2019 8:30am-8:46am CEST
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the goal is to you to do is to. turn to the root issue again minus. the charge family from somalia live around the world to them one of them needed urgent assistance to. the family starts october any on d w. investors snob the global steel giant and coke and industrial heavyweight with over 200 years of history is picked out of germany's main stock in things. take down notice the world economic forum on africa as violence hurts south african businesses at home and abroad. and taking the heat and around it germany's wee hours say that one of the oldest oh by construction is down south again. and a physical and let's do business is that the end of an era steel and engineering
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grape juice and hope is the latest german blue chip company to be relegated from the dax the company was a founding member of the flagship index and has traded on it for more than 30 years a setback for tucson cope as the ailing conglomerate tries to turn around its fortunes it loses its fall out of the index after a steep decline in its share price made $1.00 a spice extensive profit warnings it's also had to restructuring plans for the pieces like many suppliers the steel company is suffering from a fall in production in the auto sector which is partly due to the trade well. let's go over to our financial correspondent privately but sylvie is this is something that investors just on to interested in traditional industry enable. well i'd have to give you a yes or no one no because you know replace doesn't cope the industrial grade it's
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a new up and coming and just your company and t. you know engines and that's an engine maker that makes high tech equipment for anything from supersonic military jets to big air bust passenger planes and of course the technical industry giant in the chemical industry also one of the most valuable companies in the dax but the most valuable is s a p and just last year a fin tech with a very narrow business model kicked out old school could not spank out of the dots and it's really old and older digital companies that are creating such a buzz on stock exchanges all around the world. that's right to digital companies like that fin tech wire card but also if you look at the big picture in the united states companies like apple facebook amazon and alphabet google they're the ones who interests and most investors and that's why they're among the most valuable companies in the world but the leaders have to have an impression of being
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able to change develop transform the business model and all the successful digital companies do that they have to do that even with their business model to stay in the game all the balance of the frankfurt stock exchange. the united states and china have agreed to return to the negotiating table in early october in washington to discuss trade it will be the 1st time level face to face meeting since the tax disputes rapid escalation in recent weeks the agreement came in a phone call between the chinese chief envoy by spreading hate u.s. trade representative. and treasury secretary steve minutiae investors worried the escalating battle will tip the global economy into recession. a key committee within the european parliament has backed former i.m.f. chief christine the godspeed to head the european central bank while addressing the e.u. don't make it as she said she wants to keep policy loose sticking to the playbook
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employed by the man still in the seat until november 1st mario draghi. a 1st impression of what the e.c.b. is monetary policy could look like and christine lagarde who is set to take the helm in november the former i.m.f. chief and french finance minister doesn't plan to rock the bolt. i therefore agree with the view of the governing council that a highly accommodative policy is warranted for a prolonged period of time in order to bring inflation back to the famous below but close to 2 percent that could potentially mean negative interest rates something banks aren't happy about law interest rates in europe have already made european banks less competitive than their u.s. peers and that's a concern lagarde also raised at a confirmation hearing in brussels they are also some important questions on the arisan that monetary policy will need to address. first though the impact
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of unconventional policies continue to be net positive we need to be mindful of the negative effects and the potential side effects of those policies and we have to take the concerns of the people into account and that's not the only balancing act for the e.c.b. future head she says monetary policy will also need to take into account the global economies headwinds including trade disputes and rising geopolitical risks. south african president poster officially opens the 28th world economic forum on africa today but. attacks against other africans living in south africa are overshadowing the of it the riots also sparking reprisal attacks on south african businesses in nigeria. many african foreigners no longer feel safe in south africa these demonstrators want an end to the violence against women in the country. have stepped up security at the venue for the world economic forum the mood is tense but
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south african officials aren't taking part in the press conferences and some participants want to talk about the attacks i think it should yes i think it should especially as really iconic now that we're having this meeting there are demonstrations about xenophobic attacks right outside the building i think it should be a focus point on the agenda to some participants the causes for south africa's problems are clear. it's inequality so i think it's inequality which is just in tune few the anger which is led to the protests but the inequality also rising from the unemployment so there's a real challenge of unemployment and inequality too many people feel that the alive it's and they feel that it's an issue of justice and fairness and. other people who could do so are the people that he can reach. the time may come when he can reach beyond those vulnerable people and they could be at the very struck just of the
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global economy and people in this room what it does he make his truck so there will have to reopen ice that that means politicians of the world economic forum may not be able to turn a blind eye to the attacks in south africa. business consultant jeremy gaines joins us from our studios in frankfurt generally is just really one thing i'd like to know right now and that is is that a good time to do business in south africa and south africa i think it's always a good time to do business the opportunity is immense the country benefits from extremely good infrastructure easily to be breached from europe and little buyouts of unrest on going to change the structure of them they aren't going to change the fact that south africa's will sort of traditionally be the entry point into sub-saharan africa for german businesses are these just little bouts of violence
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when when we see reprisal attacks in nigeria south african businesses they're having to close and investors quite concerned the ones i've spoken to at least as far as continuing to do business in places like cape town. the real question we need to be asking ourselves is what has caused these incidents of violence against nigerian retailers in particular there's been little light shed on that to date therefore until we know what is actually driving this violence we should wait in judgment and i don't think it's time to hastily abandon ship what about other even more serious topics like corruption something that does put off many companies from doing business not just in south africa but a cross the continent. i think on the topic of corruption we have to differentiate very carefully what we're talking about corruption is something that traditionally comes into play in my humble opinion as regards government contracts
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where officials leverage now those contracts tend to be infrastructure come contracts large bulk orders and we've recently seen the world bank blacklist various chinese construction companies active in africa and in particular nigeria for corrupt practices if you turn to the private sector however to that traditional the main of assamese in germany and in africa where they are fast growing them we're looking at say manufacturing assembly plants the value added chain consumer goods that private sector is fairly impervious to corruption and therefore is not affected by it and those are the areas where german businesses are good and where german business is kind of course find partners in africa matchmaking needs to be done more i think that you very much for joining us some interesting insights there from jeremy gaines. thank you well germany has committed itself to
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climate protection by 2030 it plans to sow 65 percent of its electricity from sustainable energy but it's a long and winding road to get there in the 1st half of these here almost 50 percent of german power came from sustainable sources wind energy is the key factor behind that it generates a quarter of all german electricity fumbled in solar power all hydroelectric plants wind power is now almost as important as coal a picture book success story you might think but all is not well in the sector hardly any new wind parks are being built in 26 think construction continue to pace as it did in 2017 but in 2018 newly installed capacity collapsed to need 2400 megawatts the 1st half of this year's sort almost grind to a halt the government is sounding the alarm and has called for a crisis summit to tackle the why array of problems the sec the county faces.
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things aren't running as smoothly as they used to for when. there's another company has shut down send one of germany's oldest wind turbine makers and it probably won't be the last sector in germany is facing a perfect storm once upon a time it was the world's biggest market with guaranteed prices for the power generated but the 8 programs which got the turbines turning are over the business no longer profitable and getting worse. increasing regulation restrictions and long and complex planning approval of making new wind parks have a harder to construct. they're also dragging on business many here want green energy but not wind turbines or power lines in their own backyards. but power lines are essential to distribute wind power throughout the country the wind here is blowing up the road as a still as new power lines are constantly delayed so now the one time poster child
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naturally reaches. precious resources. and a room morning investment. farmland has been called. green all over the country as an abundance of the families of the to international group china. the government try next month and the corporations high profit margins. but not everyone benefits from the booming business. model creation.
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bar mental destruction starvation a zooming out of a country dead donkey. i have stored september 18th on d. w. the committee. the book. greetings from berlin and a warm welcome to arts and culture photographer peter lind back changed the face of fashion photography in the 1990 s. and tributes are pouring in after his death on tuesday at age 74 we'll look back at his remarkable career and also coming up. director and filmmaker on those fi it is renowned for intensely political cinema his latest effort is cutting edge theatre and she'll join me in the studio to talk about it.
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and in the latest episode of meet the germans our intrepid reporter rachel stewart takes it all takes it all off to the grave the german sauna landscape. well his aim was to portray women in a different way and he said he felt responsible for freeing them from ideas of eternal youth and perfection. master of the cinematic image he assured in the supermodel era and in so doing helped redefine fashion photography and beauty standards over the course of his 5 decade long career he captured everyone from kate moss to the climate activists most recently and his legacy will inspire for generations. very little makeup and not specially styled and yet beautiful in the 1990 s. photos like these help and cindy crawford touch on a party.
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