tv Business Deutsche Welle September 11, 2019 3:45pm-4:01pm CEST
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$1000000000.00 market but e-commerce to thomasson gets ready to be part of the action. but country doesn't want to get jones will end the t.v. with us so the hong kong stock exchange has made a bid for one of its biggest european rivals the organization says it has offered more than 36 $1000000000.00 for the london stock exchange group the proposal envisions a single exchange joining europe with asia the chief executive of the hong kong exchange chance lease says the deal would quote redefine global capital markets for decades to come. now our financial correspondent bruce in a standing by at a nother eggs change out of the frankfurt stock exchange conrad's interesting bit but given the current political tensions between hong kong and beijing and of course the brics of chaos here in europe what does all that mean. that means there are still a lot of question marks about whether or not this deal is really going to happen or
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not with beijing tightening its grip on hong kong more and more one really has to ask wouldn't such a deal mean that in the long run at least europe's most important market operator in london and one of the u.k.'s the united kingdom's most important strategic assets would be dominated at least indirectly by beijing the communist government there remember a few years ago frankfurt the stock market operator here tried to merge with the london stock exchange the deal finally did not happen because london refused to be dominated by the germans it's very very doubtful whether the proud people in the city of london would prefer to be dominated by the communist government in china instead for frankfurt the market operator here and also of course for euro next to the other big market operator of the european continent such a deal would mean a huge new competitor at especially in terms of i.p.o.'s you know initial public
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offerings so something that people here are not particularly looking forward to certainly would be a game changer but it's not yet written in stone and frank said thank you. and in another part of frankfurt the world's car industry is currently gathered at the front row with german car makers show casing new electric models asian manufacturers however have a lower profile this year some big japanese names for actually known shows chinese auto makers and supply is on the other hand have boosted their presence with 79 companies showing their whereas in france and they're pushing hard for supremacy in the electric market as european regulators get tough on pollution. and my colleagues and they'll do is the. show is so let's bring her in general i'm
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sure you had a look around who from all those asian carmakers made it to frankfurt. and did the 1st of all well noted that there are a lot of missing names here in frying for the ages biggest manufacturer toyota not here the japanese contingent of the renault mitsubishi nissan alliance also not here in fact of the japanese carmakers only honda is president of presenting its own honda an electric compact city car but there yes. you've also noted as well that the chinese car makers have really stepped up their game here in fact many of them are here for the 1st time like the likes of a honky and over by 10 and it's interesting that they're coming here in full force at a time where even germany's homegrown car makers are scaling back their presence here at the frankfurt motor show you had b.m.w. flash about 75 percent of its investment into the show is here back as well the
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fight for relevant for the frankfurt motor show is such that if the chinese carmakers wanted to come back in a 2 year is the know when the next frankfurt motor show is scheduled it's not even clear that they would be coming back to an event that still exists in the form that it now exists all right so while it still exists in the form that it does exist in how do the chinese those asian cost different from those that we see from europe. you know there's this longstanding close shave got european cars down for a luxury and asian car stand for affordability and it's a testament to how much the market is changing. the car industry the car makers they all seem to be pulling in the same direction electro ability of course as big a topic for chinese car makers and for their products as they are for european manufacturers especially because of those european the european environmental regulation set to come into force they're going to apply across the board to many of these manufacturers that want to make it onto the european market all right
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general we have haas a minute left considering that many big names are missing you mentioned it what do those who are there hope to gain. both for the chinese maker of chinese car makers specifically it is a way of getting a foothold onto the european market especially as the u.s. china trade war continues to rage on there are looking for they're looking for more business here in europe as the u.s. trade war complicates relations between those 2 countries and to her perhaps somewhat ironically of for chinese consumers knowing that other chinese brands are getting more recognition abroad sends a signal to them that it's also good enough for them to buy especially as the chinese brands within china still have to compete with the more established international brands operating within their country. their reporting from the frankfurt also shows thank you so much. well then who needs to own a car that's
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a growing question in the cities where public transportation and ride share apps are often widespread and younger people of course typically new concerns about their carbon footprint and we sent one such costs our own. to the fact that oscar show to see if he could be convinced to get behind the wheel. i'm almost 30 and i've never owned a car and why would i. living in berlin means i can get anywhere pretty much any time by pass or train. and if i do need a car i can just rent one through a car sharing service i'm perfectly fine without my own car. i'm going along with this only one 3rd of young german city dwellers say a car is important to them and i'm wondering what is the car industry going to do about that. well what better place to find out than at a motor show at the i.a.e.a.
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in frankfurt a major car companies from all over the world a showcasing their latest models one of them is opal the brand but parents have driven since i was a kid trying to reach young urban customers with the course eat a new electrically powered version of an old classic. and what is now before when you see on the show when i look at you i think that driving enjoyment is something that can get you excited electric cars are a lot of fun and if you go to the bakery or the butcher or wherever and you don't emit any c o 2 and that's very appealing but he sardines in this endless understood . ok that does sound nice but not 30000 euro nice if you ask me even a soccer coach jurgen klopp or some dos in the car. but why are comical struggling to win over people like me i meet up with a market analyst and ask him. people tend not to draw. anymore you know them i have
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an apartment in my i have a shared carriage you know but i think it's that that sort of idea of having the pride and joy in your drive is becoming less appealing and less relevancy on people and that is a difficult conundrum for the car makers to to to work out. how many cars are trying to adapt to what young people want smart which belongs to my cities for example developed an app through each you can share your own car with friends and family but again that alone is not really going to sway me into spending 20000 euros on a car that i really don't need. the american. young women are just that young people when a car isn't available once i've taken on certain obligations they start asking themselves which cars and could make sense for me if i could come to his auto condon's in my home for me. maybe i will get to that stage one day but for the moment i'll remain colace and maybe that is for the best.
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and not just some of the other business stories making news. chinese factory set prices dropped in august at the quickest pace in 3 years businesses have slashed prices to cope with lacking demand amid a global slowdown and the trade disputes between the us are with the united states the new numbers prompted investors to sell off risky technology stocks breaking a week long winning streak on the beijing exchange. as off korea's launching an official complaint to the world trade organization of japan's decision to limit exports of chemicals needed to make high tech equipment the 2 countries have been locked in a dispute about compensating victims of forced labor during world war 2. it's estimated the value of india's e-commerce market will reach into the hundreds of billions in the next few years and apparently online retailer amazon intends to secure a large chunk of that it's opened its biggest building worldwide in asia's 3rd largest economy. from the outside amazon's new building in hyderabad rises high above its neighbors from the inside it at times resembles
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a sports center with space for 15000 employees ferried around by 49 elevators the building is a statement of where amazon sees future opportunities the e-commerce industry itself is going to have around 1000000 jobs between the 22 this whole sector is predicted to have around 200000000 jobs in 2 to 3 years. the value of the indian e-commerce market is expected to reach $200000000000.00 by 2027 secure the biggest possible chunk of that amazon will have to keep in step with u.s. rivals walmart and asia's own reliance industries has set aside $5000000000.00 to help it compete. with other big challenge on the way is regulation new e-commerce rules in india prevent companies like amazon from selling products from firms in which they own a stake and ban them from striking exclusive deals with retailers red tape is not
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quelling amazon's appetite. it for expansion in india where i now employs more than 60000 people. i told us it is very very important to continue tapping this style and and you know and to continue growing our workforce here because we've had really good experience in finding the going to talent we are looking for in india and as its bustling workforce continues to grow amazon's new hyderabad campus will also expand. and that was business here and u.w. thanks for watching.
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is g w news live from berlin a plane carrying the body of the late zimbabwean leader robert mugabe has landed in the harare where live pictures of that landing there in the harare magog he died last week in singapore at the age of 95 he was a controversial figure who led this country to independence but was ousted from power by his own army and will speak until they speak to our correspondent we see here for more on how mugabe will be remembered by the people over 4 decades.
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