tv Business Deutsche Welle October 26, 2019 1:30am-1:46am CEST
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sedan has been an object of love and admiration for 60 years. trying. to. take it personally. with wonderful people and still make the dream so special. for all true for. more than. online. the u.s. deficit reaches heights last seen in 2012 at almost one trillion dollars the trump administration is hoping a strong economy will make up for generous spending while others warned of dire consequences. also on the program indonesian investigators released a report into the fatal lion air boeing 737 next disaster they blame the plane
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software along numerous other factors. and we follow the paris line scooter patrol as it goes fishing in december for the electric scooters. for business on the w m how you know it's good to have you with us the u.s. treasury has announced that the country's budget deficit sorts to almost a trillion dollars in the 2900 physical year that's a 26 percent jump from 2018 the trump administration has spent far more than its tax revenue because of the republican led tax cuts taking advantage of a booming economy government spending grew twice as fast as tax revenues the u.s. treasury secretary steven muchin said trump's economic agenda is working well lawmakers fears the government is undermining fiscal just possibility. for more on the subject i'm now joined by the w.c. financial correspondent on wall street. these deficit numbers definitely sound
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worrying at least how do they fit into donald trump's view of the u.s. economy. well i mean as long as the dollar remains the world currency the damage might be limited if you have debt not to repay it but to make new debt and then repay the old debt or the interest but if you look at the overall trend there is no sign that we might see a reversal we rather see an increase of debt u.s. president donald trump plays around with the idea to actually lower texas again for the middle class by mid next year we have to wait and see if that's possible with congress and if you look at the democratic candidates for the presidency they're talking about free health care for everybody so that would also increase
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spending soul there is no real sign of any reversal when it comes to the huge debt load that the biggest economy in the world faces speaking of signs of the economy as we saw a lot of corporate earnings throughout this week walk us through what we'll learn from those numbers now well we had some big hits but we also had some big misses especially when you look at companies that depend on trade or on business with china for example or also caterpillar were clear missis we had ritter disappointing quite a bit that stock got tempered by more than 20 percent in the thursday session alone and then on the other side we had some tech names some intel for example coming in better than expected that stock was the biggest winner in the friday session gaining more than 8 percent and then the earnings flow continues next week with names like google or apple for instance by the way reached a new all time high here shortly before the weekend well keep us posted thank you
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very much from new york. indonesian authorities released the official investigation into a lion air flight 610 which crashed crashed about a year ago killing all 189 people on board one of the bestselling 737 s aircraft a deadly combination of design flaws inadequate training and maintenance problems led to the incident confirming previous versions that have caused a crisis at the playmaker. the lion air boeing 737 max plunged into the java sea only 13 minutes after taking off in jakarta. now indonesian air accident investigators have found that a critical sense of providing data to the m cast like control system was wrongly calibrated during the repairs they also cited strong evidence that it wasn't tested during installation by a lion air engineering staff fed with false data the anti store system pushed the
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plane's nose down leaving pilots fighting a losing battle to maintain control neither their training nor the aircraft manual included information about m. cas. investigators also addressed cockpit procedures. were these even. one. the job of flying. in the. boeing has issued a statement saying it is working to address all the report's recommendations to prevent similar flight control problems from recurring all 737 max 8 jets are grounded worldwide boeing is under intense pressure to explain all the problems associated with the flight control system that played the key role in the lion air crash and one in ethiopia 5 months later. and now to some of the other
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business stories we're following for you the united auto workers union members have reportedly voted to accept a tentatively agreed settlement with general motors management the agreement came after a bitter 6 week long strike involving $49000.00 workers which cost g.m. an estimated $2000000000.00. facebook has a new news service called facebook news its journalists will choose the headlines while an algorithm identify stories based on the user's interests media sources will reportedly be paid fees for their stories there has been much media anger over tech giants that swallow advertising revenue while paying nothing for articles they post on their platforms. trade unions in rome began a 24 hour strike on friday workers from more than a dozen city controlled companies including the public transport system are
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protesting against the mayor of virginia it argues management of the city about $240.00 flights from rooms fuming cino airport where council. a month after over $5000.00 tonnes of lubricants went up in flames at a wall chemicals plant french authorities and the owners lubrizol have agreed on compensation the region's farmers lost $40000000.00 euros they were banned from selling their crops and animals after the blaze deposited masses of suit over local farm. cities worldwide fight each other to become the next big startup hot spot rankings where leigh include dhaka that's the capital of bangladesh but maybe they should dhaka is home to one of the live li a startup scenes in asia except there's one problem foreign investors still have to discover it. this group is getting ready to shoot a video that will appear on the streaming service and. the everyone can give you
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good. bongo is one of the most successful startups and bangladesh that provides entertainment and information aimed at bengali speakers its founders recognized the market was ripe for the service it's already started paying off and there's plenty of room to expand 300000000 people speak in bengali right now we have 75000000 people that are already attached to our network our content so we still have a lot more to grow. the streaming service is already making a profit but back in 2013 the founders had to come up with the initial $500000.00 investment themselves. bangladesh is still off the radar for most foreign investors even though things are looking up here the economy is growing strongly and although many people remain poor poverty levels have fallen substantially in the last few
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years. the government has also passed new laws aimed at making investment in bangladesh safer and easier its largest financial services provider has now set up a venture capital fund the c.e.o. hopes it will draw more attention to what's on offer. by introducing the v.c. fund we want to showcase to the bangs financial institution investors and interested investors that there are opportunities in by all of this and i hold that all of the success of ideas see other people also join this journey. the startup scene in the capital dhaka is still modest but that could change quickly this co-working space which opened in 2015 used to be empty much of the time now it's hard to find space to sit down. on khan says there are many good ideas but that many potential entrepreneurs lack funding. thanks parties experience or a combination of all 3 his latest startup up skill seeks to address those needs he
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wants to focus on what makes the market unique. there's a lot of problems and as an entrepreneur i see that these are opportunities and sees as a bomb additionally we understand this problem is much better than outside or we're in a very better position to solve this for ourselves so i'm saying that we don't have to wait for outside help to solve it as we can do it ourselves and if we can solve it skew money will follow. bangladesh ones people in investment circles to finally start talking about the country and telling positive stories about doing business there. electric excluders have become popular in europe and recent times but not so much in paris where many complain that the $20000.00 east scooters clutter the sidewalks doesn't land in the river said we are in a team of superheroes to retrieve them meet the lie scooter patrol. cast your hook out then really back in it's
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a simple english principle the catch just has to be landed cases like this requires serious effort home and dry this time but it usually means wet feet. like that one over there where the handlebars are stuck in the key so it's impossible for us to pull it out of the water practically impossible you've really got to get into the water turn the handlebars pull it out and then bring it up. to this patrol hooked 15 scooters inside 3 hours they'll be overhauled and then set free again electric scooter angling might just turn out to be a recession proof profession. maybe that's how startups fight unemployment that's all for this edition of business thank you very much for watching we'll see you next time or whenever you like on our web site e.w. dot com.
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course. german. after the fall of the berlin wall nov 9th on d. w. . to france dear antonio here's a see here this is a tough business i'm sitting on the terrace in twilight it's peaceful my 3 grandchildren sleep untrammeled and started out when i was in france is in germany was split in 2 and remain divided for decades and. the anonymous when your mother was born in 1969 the world was already 8 years old and you know my grandchildren were born after the wall fell born in a very fine german a wonderful time
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a time of great joy. 3 generations of one family on a journey through recent german history. this starts november 6th on d w. hello there and a warm welcome to arts and culture well it only took 60 years thoughts as statics the pilot sighs superhuman gall who is pretty much akin to a national treasure in france is finally getting up with the times and before we tell you how here's a quick teaser of what else to expect on today's program. the kiss of sculpture
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park in norway now has a new addition the tourist art galleries bands 60 meters across the rungs have a river. and a singular world of german artists a are paying is celebrated in a brand new exhibition in his home town to face. back in 1959 at the 1st asterix comics appeared in the franco belgian magazine and 38 volumes later and just in time for its 60th anniversary asterix and the chieftains daughter has just been published with a nod to the politics of today because for the very 1st time in history the tiny goal actually steps aside to let a female hero drive the narrative. asterix is celebrating his 60th birthday with a brand new adventure the fans can hardly wait. to creators are
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