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tv   Business  Deutsche Welle  October 2, 2019 12:30pm-12:46pm CEST

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don't tell me that he never felt. powerful yeah and the joint should come up in the morning blame em. repeal the symphonies of your harness play. the brahm's code. starts oct 11th on t.v. told you enough. the leaders of global financial institutions tell german chancellor merkel it's going to get very very gloomy and germany's leading economic research institutes agree and that they were also a statement that slashing their growth forecasts and hall. and businesses in hong kong are ramping up the pressure on them please they can lose their jobs a bit participate in the protests we spoke to one woman who got fired over her support of the democracy movement. also on the show french cops with
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a nose for trouble man's best friend is helping cuba clamp down on money laundering . business you've got your business i was in berlin welcome the heads of the world's banks the w t o and the international monetary fund were painting a gloomy picture for the german economy and they stopped by a berlin last night to meet. and today germany's top economic research institutes joined in and then they will autumn statement germany's top economists have lowered their growth outlook for this year to only 0.5 percent at 1.1 point one percent next year declining global demand for investment goods such as factory machinery in which germany specializes in so-called structural changes in the car industry was cited as reasons it ferguson has the details. the causes may be up for a good base but that message is clear europe's biggest economy is slowing down
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germany's top 5 fiscal research institutes have now joined the government in causing this year's growth forecast they're now expecting the economy to expand by just 0.5 percent in 2019 down from their original prediction of the year 0.8. homegrown problems include a car. that's been overshadowed by the diesel emissions scandal and a failure to keep pace with digital transformation. further afield of the trade dispute between china and the united states is also casting a long shadow. is the chaos surrounding britain's intended departure from the e.u. at the end of this month. when you consider that this exit is meant to happen on the 31st of october and many business people still don't know today what their supply chain is going to look like in the future then of course
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there's also a considerable potential for uncertainty great britain isn't a small european country a large global player. with the german economy facing a basket of challenges the government's under increasing pressure to boost growth by spending more that would represent a turning point in fiscal policy for years the government has done all it can to avoid taking on new debt. look into this a bit deeper joined in the studio was different because he's the head of for cussing at the kiel institute for the world economy and we've heard that one of the reasons structural changes for the car destry what is exactly does that mean well the car industry is affected by 2 factors actually the one is a cyclical factor of many years of strong growth in the qantas trade this is a typical pattern on but this is joined by that structural change towards
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more tea and this of course. means that we have to restructure the production processes very deeply and this is also weighing on the dynamics in this sector as it's ever going to see a bit late that they missed the bus if you well it's always very difficult to say whether they are late on not it has a lot to do with political decision making and the markets themselves will respond to these political decisions and therefore you can also be too early if you invent too early and it's still not clear what. car production technology of the future will actually look like. the car industry is very important as it is with germany is one thing but the rest of the downturn is it all down to trump and briggs it or. we must 1st of all not forget where we are coming from we are coming from overheating of the german economy which is now cooling down
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quite dramatically but we are still on an average level at normal capacity utilisation levels the trouble maker of course is the manufacturing sector which is very strongly exposed to global markets and they are affected by a high of political uncertainty due to due to more protectionism. involve trait in you of you this is kind of a cyclical kind of normal and maybe even healthy what we're going through right now is it time for government intervention german finance minister said he's voted to do so you know it's not we have very strong automatic stabilizers built into our economic system but will work anyway so there's nothing that must come. come on top of this plus the government is already taking very strong
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actions. currently. that the measures the measures which have already been agreed upon by the governments will melt down to structural that we are still having to practically 0 within the next 2 years so there is already a lot that is has been done by the government and another stimulus program what most likely a new stimulate the construction sector and this sector which is clearly still overheating so this wouldn't help the global total economy at all. it's a 2 for the world economy thank you very much as it. now to some of the other global business stories making headlines today facebook's plans digital currency libra hit a speed bump 2 of its largest corporate backers reconsider their involvement in the project these and mastercard have declined to publicly support the global payments
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network which is facing increasing opposition from national regulators. from facebook's poor track record with privacy and the coming of sensitive usage. of the month of climate strikes around the world the concept of flight shame has gained popularity across the you and the united states in a survey by swiss bank u.b.s. up to one quarter of respondents in both read. claimed they had reduced the number of flights out of concern for the environment. tensions are high in hong kong after an 18 year old protester was shot at close range china is now putting pressure on companies to crack down on employees taking part in the protests nowhere has this been more. flagship allied cathay pacific. he who supported the protests and lost her job for one month ago flight attendant rebecca c.
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was suddenly into an urgent meeting with the management of so company it just happened in 5 minutes and it and my 70 years 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 protests. it's just not what was special i had a facility manager tells us to leave the company's premises beijing has put pressure on businesses to suppress protest activities because they is at the center of the controversy china issued a security warning against the company banning pilots of content protests from flying into and over the mainland more than a dozen employees were laid off creating an atmosphere of fear closing their
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facebook account they lifting all 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 what is that hong kong's economy has suffered from the crises tourism retail are affected most but also the financial industry that connects chinese and international businesses and blue. the industry has been active in the protests some have found a union in support of the movement nathan lung one of the founders has since been put on paid leave. this is they were pressures of our freedom of speech freedom of assembly freedom to form a union so this is not my. business anymore it's all the workers. in hong kong. his company a subcontractor of the bank h.s.b.c. denies any link because political activities but fear on phones business sector is
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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 shown. i haven't been crying that hard even for myself so you can see my terminations but it was then when i received the message that. i've really tried so hard. in a sign of solidarity she was reluctant chairperson of her union just days after her time in nation. tourism has been striving and. drug dealing and money laundering but the police is now getting support from france and some of the french cops a huge sense for illegal business. meet the police dog she's excited about to new mission she's learning to identify the smell of
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money and to seek it out wherever it may be hidden because of her enthusiasm zeal his changes have a way to keep her mind on the job. a 2nd bit them well bucket becomes in game because they don't go looking for the toy when she finds its way and then gets a reward when her own a place with her is like an exchange she thinks i help my aunt to find something that you like contribute. and in the end i get wrong war to tell you and your family. the trainers hide the euro banknotes in a range of different locations to test the dogs sniffing capabilities. the program is part of a cooperation between france cuba and a number of other caribbean islands. among the most promising recruits that arrived from france this trio sniper search and sniffer the plan is for them to breed in cuba it's hoped that a bigger canine force will help or thorough take
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a large bite out of organized crime on the island whether that's related to drugs or money laundering. if you show it in a smell is different for example 5 euro banknote smell much stronger than 500 euro bagnères but the dogs must be able to buy them all. to you like your. once the dogs have mastered your race they learn how to identify us and canadian dollars to whatever the currency these dogs know how to sniff out a report. from stay tuned for culture of car.
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literature invites us to see people in particular. i like to see myself as the kids finds growing up her. right. to share working for. books on you to. be present you're up at its most fascinating and it's most exciting. it's most creative colorful glamorous trendy tasteful innovative
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brilliant charming exciting list and filesystem full. on g.w. . gone but not forgotten. it is. the late great soprano jessye norman singing when i am laid in earth from the henry personal opera dido and any of us. living. on this edition of arts and culture we're at we'll hear more of that unforgettable voice as we look back on the trail blazing career of jesse norman also coming up.
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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 his music packed show with a tribute to 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's metropolitan opera has called her one of the best sopranos of the last half century.

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