tv Business Deutsche Welle October 2, 2019 8:30am-8:46am CEST
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as you see when i arrived here i slept with 6 people in a room and. it was hard. even the white hair. which had no place to keep me and me to interact with the thing you want to do their story. your writing and reliable information for margaret. protests in hong kong again turned violent and now businesses are ramping up the pressure on the employees they could lose their jobs if they participated in the protests we spoke to one woman who got fired over her support of the democracy movement. and leaders of global financial institutions tell german chancellor
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merkel it's going to get very very gloomy. this is d.w. business live from berlin i'm good how the elf as well come asian stocks are down after a weak u.s. manufacturing report heightened fears about the global economic outlook but it's not the only factor worrying investors throughout the region they're also concerned about the situation in hong kong tensions are high after an 18 year old protester was shot as close as close range during tuesday's anti-government demonstrations the protests were triggered by a controversial bill but have since morphed into a broader movement demanding more autonomy from beijing. the impact of those protests is also being keenly felt in the business world with china putting pressure on companies to crack down on employees taking part in the protests no one has this been more apparent than at hong kong's flagship ally and cathay pacific we met kathy. employee who supported the protests and lost the job correspondent.
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this instance of for one month ago flight attendant rebecca c. was called suddenly into an urgent meeting with the management of her company it just happened in 5 minutes and it ended my 17 years covering it already. screenshots of facebook posts she made in support of hong kong's protest movement and she confirmed they were hers she was fired she had been working as a dragon a subsidiary of hong kong's traditional pacific she was also a chip person if the flight attendants union that supports the protest. it's just what was special offer. a facility manager tells us to leave the company's premises beijing has put pressure on hong kong businesses to suppress protests to divinities because they is at the center of the controversy china issued a security warning against the company banning crew and piloted protests from
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flying into and over the mainland more than a dozen employees were laid off creating an atmosphere of fear closing their facebook account belittling all of the photos. changing the profile page and changing the name. they've become so common nowadays when i look up my facebook oh my gosh i could i reckon recognize who is that hong kong's economy has suffered from the crises tourism and retail are affected most but also the financial industry that connects chinese and international businesses employees of the industry have been active in the protests some have founded a union in support of the movement nathan lung one of the founders has since been put on paid leave. this is they have it pressures of. freedom of speech freedom of assembly freedom to form a union so this is not my. business anymore it's all the workers.
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in hong kong. his company a subcontractor of the bank h.s.b.c. denies any link because political activities but fear on one's business sector is real. i think when rebecca sees new premises of her form and ploy many colleagues stop to encourage her none of them want their face. i haven't been crying that hot even for myself to see things my terminations but then when i receive the message that. i've really tried so hard. in a sign of solidarity she was reluctant chairperson of the union just days after her time in nation. of foreign companies operating in hong kong as well. experiencing the protests let's speak to need
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a market is for the german champus of commerce in hong kong. foreign businesses being told what to do with employees taking supporting the protests. by the chinese government what are you hearing that. of course we are very sensitive on this issue and the process of these cases you just presented because a german side can clearly say that we don't have any indication that the john company has been put under pressure and that is based on a survey that we simply did and and then we'll look connected so that i did to save you would know if such things would happen and i would like to add a quote by chairman pitt is a center of anyone who is protesting in a peaceful and probably manner is put take that by the company so that it is the judgments ok about how else our foreign business is currently affected by the
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protests and of course all companies are affected by the disruption although they are mostly on the weekend and not on the workpiece to be cancellations all for business troubles that have been cancellations of delegations and conferences. but you have to do distinguish to the effect of the local business you have described it retail to reason that it's all suffering from shock increases about all the $1500.00 plus regional headquarters you have in hong kong. the business is still is not very good that much and that's also true for the drone business community our business model is different we don't have that many clients in hong kong we do business by oh ok how important is it for foreign companies that the hong kong status does not change. this very hollow
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that's absolutely crucial and we need the call elements of the special administrative zone which is free flow of kurds will goods and people and the freedom of speech to free access to all sources of information the freedom of assembly of cause which creates a special advantages here for all and if that would vanish then who would be just a normal seat years other centers of business in the region and then it would be too expensive to do business why also we lost 21 country 2 systems principle and we of cause. the this is good preserved. thank you very much for this update. thank you for. this year global trade is expected to weaken to its slowest pace since the recession that followed the 2009 financial crisis the gloomy outlook was the focus of
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a meeting in berlin between german chancellor angela merkel and the leaders of several financial institutions including the world bank and the world trade organization the us china trade dispute and uncertainty surrounding breaks it are among the issues weighing on the global economy. our financial correspondent charles elaine is standing by in frankfurt for us chelsea the lead in germany economic research institutes are also presenting their autumn statement later today we're can we expect that. we can expect these economic organizations to basically forecast or a session for germany's so and the 2nd quarter german growth turned negative the economy contracted by a small amount point one percent but there's been a lot of forecasts saying that the growth will also be negative in the 2nd quarter
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that would constitute a recession so we're going to be looking for recession calls but also you know to look at what they're forecasting for next year right now most people are forecasting growth around 1.5 percent for next year it will be interesting to see how those forecasts change what's been sort of surprising over the past few weeks is just how sharply the manufacturing sector has been contracting here we had data this week showing the lowest growth and 10 years so i think all of the trade tensions are all sort of weighing on now look here for germany. also has the german government preparing for a potential recession. right now the government is saying you know we're looking at the square preparing potential packages but we're not at this point you know deploying a large fiscal stimulus at the finance minister here has said we have many many billions of dollars ready if we do turn into recession but that's not their their baseline forecast right now at the same time germany is getting
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a lot of pressure from from businesses here from the e.c.b. to really ramp up stimulus and you know germany is a is a huge economy it's the largest economy in the euro zone so the implications here are not just for germany but really the global economy. so that any in front of the 4 thank you. that's been described as the netherlands was of a trustee on tuesday a protest by dutch farmers built hundreds of kilometers of road they feel. as the netherlands tries to be green oh it's them taking the biggest it's all the sectors of the economy are getting off scot free. the farmers got up early to give the rest of the netherlands a rude awakening they set off on a tractor trip to the hague to demand a fair deal. we may look for the netherlands as
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a world leader in animal welfare low emissions minimal use of pesticides no other country does that better than us but we don't get the respect to 17000000 dutch inhabitants nor the dutch government so that's why we're leaving for the hague now . what followed was a go slow one the netherlands roads lead to a nightmare rush hour for many the protest is part of an angry reaction to reports that nightly blamed farmers for spiralling nitrogen emissions the farm owners feel they've been unfairly targeted while other sectors such as air travel are escaping scrutiny and it's great news dots here for the strange thing is that more planes are allowed to fly people airports and there are no restrictions no limitations what they emit lots of c o 2 and also the dutch harbor's all industry they pollute the air but it's up to us the farmers who have to improve. with their exports bringing in 1000000000000 euros to the dutch economy last year farmers feel they hold serious sway among their
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demands and no further limits on the number of animals they can keep and an independent review into their emissions the dutch government has promised it will listen to their concerns. comic a general motors has temporarily laid off $6000.00 workers in mexico due to a level strike in the u.s. that has disrupted production of 2 plants that the comic has said the move was a result of a called shortage due to a united auto workers strike against g.m. layoffs comes on top of a furlough of $3000.00 workers in the u.s. and canada in a $50000.00 u.s. employees join the boycott which is in its the week. and that's it from me and the business team for now for more business news check out our web site .
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on this edition of arts and culture we're we'll hear more of that unforgettable voice as we look back on the trail blazing career of jessye norman also coming up. drag performer extraordinaire taylor max things $24.00 decades of american music in 24 hours the artist will be here to tell us more about this epic undertaking. and can techno music help turn around struggling neighborhoods in one of the sounds birthplaces the city of detroit. will start this music packed show with attributes of the legendary opera singer jessye norman who died on monday aged $74.00 just norman's vocal range was just enormous and that became her nickname critics described her singing as sumptuous and penetrating new york.
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