tv Business Deutsche Welle October 17, 2019 3:45pm-4:01pm CEST
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on the channel are cautious and keep stockpiling goods just in case. beijing's universal studios amusement park won't ask you for a ticket facial recognition software will ensure you've paid your entrance fee. welcome to your business asia a monica jones in berlin good to have you with us chancellor angela merkel says germany will make relations with china a key issue during its 2020 presidency she says europe needs a unified policy on china the world's 2nd biggest economy it's also germany's largest trading partner a crucial market for its cost of machinery brussels has taken a tougher line on beijing of late describing it is a strategic competitor germany takes over the rotating 6 months your presidency in the 2nd half of next year. for more let's cross over to our financial market correspondent all of ours are standing by for us in front
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furred all in how the former economy minister of germany said the difference between europe and china was that china has a plan is germany now trying to catch up here. i think so angela merkel sounds like she at least has the idea of a plan and she wants to tackle that when she takes on the presidency as of july 2020 and the time is right the partner u.s. is involved in a trade conflict with china and it's threatening europe as well there's a w t o's spat over airplane subsidies with the united states so angela merkel has a case to move closer to china and i think also playing a role is that as the e.u. president she can set the agenda for her presidency and get people on board for what she has and planned i mean this is of course going to be the big challenge because what machall also says is that europe is lacking
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a joint china policy how realistic is it to get one. was extremely difficult if it were easy we would have already had a joint policy china's already a major player but it will get more and more important it will continue to grow not the growth rates we've seen but still plenty of money and orders and consumers in china middle class customers to go around. thing is angela merkel is on her way out she's going to be end of chance 3 for her at the latest 2021 and the others know what might be a chance for her to approach her colleagues in the e.u. with a bit of a more schuman touch and get them on board and a great trunk that she has in her hand ursula funder lion the german president of the e.u. commission those 2 perhaps in the past not always the best of friends but they should be able to work together very effectively. but they're reporting for us from frankfurt on china policy thank you so much. the
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british pound surged today on news that negotiators from britain and the european union have finally struck a new brakes a divorce deal of the currency rose above $1.29 and $1.00 euro 16 on hopes of britain's exit from the e.u. will be in an orderly manner but the currency remains volatile as some hurdles still remain the other 27 member states and the british parliament have yet to confirm the deal the u.k. is due to leave the e.u. on october 31st and the ongoing breaks that uncertainty is putting a lot of businesses under pressure a french confectioner is struggling to meet the demand in the u.k. as shops there are stockpiling sweets for christmas just in case. the workers at french confection is clues e.e.o. working extra hard this autumn they're packing up box after box of sweet treats to
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send to pretty sri tailors keen to avoid the christmas crisis set in it you know an exception that on them this year is exceptional in that some of our british clients self want to have their orders delivered before the famous october 31st deadline which is increased activity even more during the period from september to october until they are to pummel to. the fare for the company's british clients such as london's famous fortnum and mason department store is that the u.k. could leave the e.u. at the end of october without a deal throwing customs arrangements up in the air with boris johnson facing an uphill struggle to get the agreement struck on thursday through britain's parliament that threat remains on the table. the story tomorrow on what that historically britain has to be years in years being our number one x. or market and it's also the market which probably has the best potential in the
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future but given this uncertain situation we have decided not to make britain the priority for either 2019 or 2020 in april and we need to develop this work on. some research suggests a fish the british firms have been importing christmas stocking early. their concerns could yet to prove unfounded with an agreement once thought impossible now reached but with boris johnson's promise to shake the u.k. free of the e.u. by the end of october whether a deal is passed or not the 2 sides are cutting it rather fine. and now to some of the other stories making news around the world. tech firms dominate the list of the world's most valuable brands apple tops the list by market consultant interbrand the firm is valued at $234000000000.00 google amazon and microsoft all follow with valuations above one $100000000000.00 non take firms have
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slipped coca-cola placed 5th the top european brand was mostly dispense in 8th place. the 3 main distribution companies for pharmaceuticals in the u.s. cason amerisource version and cardinal health have offered to pay a total of $18000000000.00 to settle thousands of lawsuits drug maker johnson and johnson offered an additional 4 $1000000000.00 the companies are held responsible for their part in the deadly opiate crisis. and the u.s. federal communication commission has approved the $26000000000.00 merger off. and sprint the deal would slash the number of major mobile service providers in the u.s. to just 3 that's why over a dozen state attorneys still oppose the merger. thousands of rich residents in hong kong opening bank accounts in singapore and other financial centers as
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protests spark anxiety about the territory's future international banks including u.b.s. h.s.b.c. and credit suisse have all seen a sharp increase in hong kong customers opening overseas accounts as according to the financial times a report by goldman sachs shows as much as $4000000000.00 u.s. dollars in capital may have headed to singapore because of the on race. harry potter. and the transformers will be among the attractions of the universal studios amusement park currently under construction in beijing and visitors won't need a ticket thanks to cameras that will scan their faces to see if they've paid. 'd visitors to beijing universal studios theme park you don't you show their faces to catch kong flu pound on the minions universal's new park will use facial recognition cameras to internet giant ali baba's pay electronic payment platform
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visitors can open lockers pay for meals and join xpress queues for rides using their faces was what. we hope people will discover with amazement that they can travel freely in the whole resort only using their faces to create a new expression for sure which face. to be on them it's only a new one in. china is the world leader in facial recognition technology there are concerns about privacy and its use by state security for wide scale surveillance many optic ations are for commercial purposes such as supermarket checkout and these have been embraced by consumers. since we can use facial recognition to take the subway why can't we use our faces on the most important biological wallers and idea after all for all kinds of experiences and this is just one small fraction of our future plans for the theme
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park. on either side of the phone in park operators are keen to profit from china's fast growing middle class. i just remind the british pound search today on news that the negotiators from britain and the e.u. have agreed on an orderly form of a breaks it deal for more i'm joined by sylvia del angelo a senior economist at hermes investment management in london we've been there before we've had a withdrawal agreement on the table is this deal better than the previous one. well actually it's really just a variation of the day that the resume reached a few months ago the main difference really concerns the backstop for on an island and the related customs agreements or arrangements in bars johnson's trade deal the u.k.
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would leave the european union go some soon on northern island be subject to the rules and procedures in terms of starry fs of the european union customs union this is very good news for the president 60 years because it allows for more divergence between the u.k. and the european union in the future but it's bad news for the democratic unionist party that the u.p.a. . which holds 10 seats in the u.k. parliament because it means that the north northern ireland would effectively end up outside of the u.k. which means in turn that it's a very close call where the u.k. parliament will approve this deal or not so there are hurdles in the way what happens if this deal is also not approved by parliament what does this mean for the british economy. well it just means more uncertainty really and no certainty has been significant issues for business investment and
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growth investment actually contracted last year. and that also has negative consequences for both of their growth down the line i think the most likely scenario if the deal does not pass it's like an extension of article $58.00 negotiations and early elections in the u.k. and as i said there would imply more uncertainty about sylvia to launch a low their senior economist in terms investment management in london thank you so much for your time. well that's your business update on g.w. for me and the team in berlin thanks so much. the for.
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the last of their kind. words are threatened with extinction every year around half a 1000000 of them end up as a delicacy. it's prohibited but for the bird mafia it's a lucrative business. and by our presidents or never to look human i snoozed to know that we're going to be there. in 90 minutes. i am.
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after the fall of the last november knowledge. will you. dear france dear antonia dear sis see him just as opposite as i'm sitting on the terrace in twilight it's peaceful my 3 grandchildren sleep on trouble that's asked out when i was in france is a germany was split in 2 and remain divided for decades and it was given a mother your mother was born in 1969 the world was already 8 years old. my grandchildren were born after the wall fell born in a green unified germany a wonderful time a time of great joy. 3 generations one family on a journey through recent german history. it. starts
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nov 6th on g.w. . above. this is news live from berlin and the deal is done. britain and the e.u. say they have reached an agreement on the way the u.k. leaves the european union at the end of the month brussels calls calls it fair and balanced but any deal must be backed by all the member states and the u.k. parliament what are the chances of success. also coming up the u.s. officials arrive in turkey hoping to broker a ceasefire in northern syria.
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