tv Business Deutsche Welle September 19, 2019 8:15pm-8:31pm CEST
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in case the haze effect sunday's nighttime race of the haven't given any details. is remembered by his reminder of a top story israel's prime minister benjamin netanyahu is called for a coalition government with him in the top job centrist label benny gantz also wants to form a coalition without mr netanyahu with himself as prime minister. since africa with . next with more world news being at the top of the hour i wouldn't. touch a pretty. sure link to news from africa more story link to exception stories and discussions from news is easy and i would say deputed comes to join us on facebook g.w. for god. i'm not laughing at the gym well i guess
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sometimes i am but i'm still nothing when that happens thanks deep into the german culture of looking at the stereotypes of the classics sitting here thinking future of the country that i now i am. pm needed to rethink this drama. it's all about a new i might show join me to meet the gentleman from d.w. . post. south africa's reserve bank has left interest rates i'm sorry but the decision to keep things as they are has not been welcomed by everyone. while he launches what could be the world's smartest 5 g. phone in munich's today but it still doesn't have a fighting chance on the market without access to talk about apps like google. this
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is business africa. south africa's reserve bank monetary policy committee 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 of 6.5 percent citing the recent u.s. fed decision it says central banks in advanced economies have provided monitoring 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 it's projected to reach more than 60 percent of a few years and it's right above the average in sub-saharan africa so
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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 recently there's 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 largely because we have the medium term budget policy statement being presented at the end of october and that is unlikely to draw
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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 have a lot of currency risk where we could see that impact inflation so she believed 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 have been taken off the table. up until the announcement of this often you know a lot of analysts had expected that race 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 differently seems like they would be room for a cuts but governor lissett you're saying that they've already cut once this year
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that was the plan and so in the event they weren't because. what we've heard. is threatening to go down a notch on south africa's credit rating is that is regarded as 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 there is month as the country's leaders struggled to
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deal with the worst drought in decades the lack of rain has cut contradiction by half forcing the government to look abroad to feed the population official estimates say an additional 700000 tonnes 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 fool described the kickoff as a historic moment project is being funded by beijing so chinese officials also attended the groundbreaking ceremony. or oil field china's national petroleum corporation announced last month that had signed a contract with the government of any. way as unveiled its 1st new smartphone since the us added it to a trade blacklist the chinese company has been showing off the made 30 and made 30
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pro other launch event in munich germany because of restrictions on u.s. companies working with weiwei the new smartphones are not expected to have any google apps analysts say that could put many potential customers off new features of the make that includes a 4 lens camera. modo the studio by mark tidd since 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 about cycle and it's not clear what the end version is on that phone is it not going to be very clear which i'm very versed in the using i think the real question here is the possible to play the monopole view of google and is not really about politics here is about users because not on the google services and how to use different google products and we're talking about 250 or so products that google offers when many of them reach or a 1000000000 or 2 to be young or users but also other patients are relying on word
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services so there's a huge dependency of users on google as a company and the question here is when someone will come is it possible to break down when the police is a good test the highway come out 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 very buggy doubtable 30 says because it's off of the possible will services only allow you to have the most updated google applications or those of collaborative google etc well the wiser phone functions normally without will go 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 these days most of them are made in places you don't think of most in china and a way doesn't matter does i phone or google made products etc highway produces high and therefore g.
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that is also affordable so the question is would people choose one of the cheaper one and how they're going to decide what works for them the question event has been collected how it's being collected applies to any kind of devices doesn't matter where 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 also what applications you're downloading to your phone and using them. do you think that huawei 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 to root and bring them on the police and we have much more competition in a market where we can utilize open source on trade and use different services on the top of that i think we need others users marginally thank you very much. not as some of the other global business stories making headlines today the organization
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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 instead of 3.2 percent he always he says trade tensions such as the u.s. china trade will have driven global growth to its lowest levels since the financial crisis. parliament has voted to reject the plans marcus or 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
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from their homes because of lingering radiation. because the gig economy a system which runs mainly on temporary jobs california has just signed new labor 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 done a homemade explains to us in a sky conversation you know this is probably that there are various parameters for
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example when was the car last claimed if more than 30 days have passed or more than a 1000 kilometers have been driven or 15 to 20 bookings have been made if any one of these is triggered a cleaning orders generate it. 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 smartphones. you are here are the hogs all over the city and we have found a nice rack to find these bikes and for example these guys called but we'll look for this guy by its name and it's way more easy to find and we educate us mike and have done our full time employees but there are numerous small businesses which service the fleets of vehicles own by vehicle share companies but they work without
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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 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. i'm dumb 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. and 1000 from me in the business today and stay tuned for more news and here's a quick look of global markets as off. the
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. that's are coming. into the 60 minutes model i'm going to call. people for information providing. the means to want to express g.w. on facebook and twitter to help today to get in touch follow us. this is d.w. news africa coming up in the next 15 minutes. on the continent we have a report from mozambique and the delayed rain is. and the one didn't mind that. he was killed by the congolese army when it brings stability to the region and i didn't feel right unless i had.
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