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tv   Business  Deutsche Welle  September 19, 2019 7:15pm-7:30pm CEST

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you know how it stands with the standings and then to turn the it's too. strong performances in the group stage will be key in new zealand win against south africa should set up an easy apos to the final. again hot alpha's how's the business opera come in just a moment and i'll be back with your world news at the top of a good. every journey begins with the 1st step and every language but the 1st word published in the book. rico is in germany to learn german why not play with him simple online on your mobile and free to sapps court t w z e learning course nikos fake german meeting.
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south africa's reserve bank has left interest rates on site but the decision to keep things as they are has not been welcomed by everyone. and while a launch is what could be the world's smartest 5 g. phone in munich today about its doesn't have a fighting chance on the market without access to popular apps like google maps. this is business africa. south africa's reserve bank monetary paul. the committee
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has left the repo rate the rate at which it lends back to other banks at 6.5 percent central bank's governor said the decision was unanimous the federal reserve also left its benchmark interest rate at 6.5 percent citing the recent u.s. fed decision it says central banks in advanced economies have provided monetary accommodation to ease financial conditions. well south africa's economy may have avoided a technical recession last quarter but it is not out of the woods it remains a major concern the country's debt to g.d.p. ratio has grown steadily over the past decade and is projected to reach more than 60 percent of the few years and it's right above the average in sub-saharan africa so while the ious well south africa borrowed heavily during the great recession lately it's had to bail out failing state firms like electric utility eskom and
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recently there has been weak growth leaving big holes in the budget to credit rating agencies have already lowered south african government debt to junk status moody's is set to take another look in november lower rating could mean higher borrowing costs. bronwyn cmon joins us now from johannesburg bronwyn some say interest rates need to go down to boost the economy why did the central bank decided to sit still this time. absolutely if you look at our growth picture it would seem that we should definitely have cut today but i was speaking to an analyst after the announcement and she said that it's launch day because we have the medium term budget policy statement being presented at the end of october and that is unlikely to draw a very pretty picture of the currency of the country's finances because of how we are having to support state owned enterprises and because of that we're going to
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have a lot of currency risk where we could see that impact inflation so she believes that we just needed that little bit extra breathing room so that's why the south african reserve bank kept rates on hold today there was some hope that. this meeting what seems to been taken off the table. up until the announcement to the off to noon a lot of analysts had expected that rates would be cut at the november meeting and certainly a lot of what was see today would have indicated that because the reserve bank did come down on its inflation expectations for this year to 4.2 percent and it kept its growth expectations at north point 6 percent so definitely seemed like they would be room for a cut but governor lissett saying that they've already cut once this year that was the plan and so in november they won't be cutting well we've heard. is threatening to go down a notch on south africa's credit rating is that regarded as
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a threat. so it is always a straight because moody's is the last rating agency to keep us above junk status but they've been very accommodating of late they've also highlighted that they'll keep a close watch on that medium term budget policy statement next month but they've also said that they're going to give us a little bit of time about 12 to 18 months to see how the government implements economic policy before making a ratings decision. from johannesburg thank you very much. zimbabwe is said to import around 100000 tons of corn from tanzania as the 2 countries finalize a deal to bring the badly needed food aid to zimbabwe it is seen repeated demonstrations like these and risen month as the country's leaders struggled to deal with the worst drought in decades the lack of rain has cut coal production by half forcing the government to look abroad to feed the population official
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estimates say an additional 700000 tons of corn will be needed before the year's end. construction has begun in these air on a 2000 kilometer or oil pipeline it will deliver crude to neighboring been named the president's mamadou is to food described the kickoff as a historic moment project is being funded by beijing so chinese officials also attended the groundbreaking ceremony at the other them or oil field china's national petroleum corporation announced last month that had signed a contract with the government of any. who are way as unveiled its 1st new smartphone since the us added it to a trade blacklist the chinese company has been showing off a made 30 and made 30 pro other launch event in munich germany because of restrictions on u.s. companies working with weiwei new smartphones are not expected to have any google
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apps analysts say that could put many potential customers off new features of the mates that include fork lens camera. modo the studio by mark to james he's a tech expert based here believe mike how do you see the chances for this kind of smartphone on the market without access to popular maps like google and it's not clear what the end what version is on that phone is it not i think to be very clear which i'm very versed in the using i think the real question here is the possible to ablate the monoplane of google and is not really about politics here is about users because not only google services and how to use different google products and we're talking about 250 or so products that google offers but many of them reach over a 1000000000 or 2 or 3000000000 of users but also on the implications of relying on mobile services so there's a huge dependency of uses on google as a company and the question here is in some way will come is possible to break that
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one up for the physical test the highway comment into the horror it is possible as you told me earlier when we spoke with your own phone i mean you don't run a google android and i run on a very but you know who both are pieces because it's often possible will services only allow you to have the most updated google applications or those of collaborative google etc well there was your phone functions normally without google services and you can use it for anything you want but as it as a consumer if i buy this huawei phone can i trust that it doesn't give the chinese government access to my phone the question is really complicated actually because can you trust and if one or any device is the most of them are made in places you don't think of most in china and the way doesn't matter does i phone or google made products etc highway produces high and their fellow g. that is also affordable so the question is would people choose bench you want to let you for one and how they're going to decide what works for them the question if they type screen collected how it's being collected applies to any kind of devices
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doesn't matter what they may and by whom because you have different actors coming into the business of collecting data and there's only one. operating system but as for what applications you mean downloading to your phone and using them do you think that they will be successful they want to be independent both with software and hardware. to get around the trade restrictions put in place by the u.s. that's very hard to predict i would hope that to be many more different companies trying that route and bring them on a polish so we have much more competition in a market where we can utilize open source under it and use different services on the top of that i think we need others users. thank you very much. now to some of the other global business stories making headlines today the organization for economic cooperation and development has cut its global growth forecast for the year it's now expecting the world economy to expand by 2.9 percent of 3.2 percent
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always he says trade tensions with china trade will have driven global growth to its lowest levels since the financial crisis. office parliament has voted to reject the plans macaluso a trade deal between the e.u. and for south american nations it's not the only country to voice concern about the intended agreement both france and ireland threatened to block it if brazil does not do more to protect the amazon. a court in japan has found 3 former executives of nuclear power station operator tepco not guilty of professional negligence for their role in the 2011 fukushima disaster it's the only criminal trial related to the meltdown which continues to keep thousands of people from their homes because of lingering radiation. because with the gig economy a system which runs mainly on temporary jobs california has just signed new labor
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legislation to protect rights that drivers that companies such as and lift the gig economy also exists here in germany mostly the brave new world of mobility. the clock is ticking abdullah has around 30 minutes to clean each automobile he services car sharing vehicles all around berlin the customers might just use the cars for a few minutes but when they do the car has to be spic and span. yellow stuff here is for the summer to clean the car's exterior this year's glass cleaner and this one is all purpose cleaner. the headquarters in stuttgart determines which cars have to be cleaned they use an algorithm as the company's boss a hermit explains to us in a sky conversation. the problem is that there are various parameters for example when was the car last claimed if more than 30 days have passed or more than
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a 1000 kilometers have been driven or 15 to 20 bookings have been made if any one of these is triggered a cleaning order is generated. and get its. workers known as shepherds take care of every vehicle in their fleet almost every day they maintain electric bicycles for a danish bicycle rental company donkey republic the shepherds can see which bike needs a new battery on their smart phones. here are the hogs all over the city and we have found lease rack to find these bikes and for example these guys called the 1st real. for this bike by its name and it's way more easy to find this mike and have done our full time employees but there are numerous small businesses which service the fleets of vehicles owned by vehicle share companies but they work without any social security there's never a guarantee of enough orders it's a thorn in the science of workers' unions. it's basically about
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how i deal with working people and of course no one is forced to do these jobs it's hard work it's night work and it's very poorly paid but obviously there are people whether they are students and whoever feels like doing this kind of work exist in their distant zene these days i would say. i've done a is almost done he snaps a few photos so that everything is documented he sends to pictures to the headquarters with his smartphone then he's off to the next. of his 10 cars a day. from any other business and then stay tuned for more news on here's a quick look at global markets as up. to
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its. gravitational pull. the finest musical compositions. with some mystery. built into a few words into the don't tell me that there is he never wrote. and
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the jointer come up in the morning. the souvenirs of john is. the mom's car. starts oct 11th on to colorado. this is g.w. news africa coming up in the next 15 minutes. on the continent we have a report from mozambique and the delayed rain. and the london drivel come on that. he was killed by the congolese army would it bring stability to the region.

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