tv Business Deutsche Welle October 28, 2019 11:30am-11:45am CET
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different languages we fight with different things that's fine let me also think up for freedom freedom of speech and freedom of press. giving freedom of voice global news that matters d. w. made for mines. germany maybe europe's industrial things are quite different in the digital space in terms of infrastructure the country is behind most of its european pairs will look at how the government and in industry plans to change that. and consider the lobster fisherman in the u.s. state of maine are suffering from trump's trade war canadian colleagues snap up the market share. this is t.w. business. welcome germany's digital infrastructure continues to live behind other
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european countries today politicians and lobbyists will be discussing how they can go about improving its industries summers here in berlin what's the current reality on the ground in europe's leading economy let's have a closer look well that's far from world class 1st coverage of high speed internet is still very patchy studies show that just 88 percent of households here even have access to the internet at speeds required for streaming video for example that's pretty bad for a country that prides itself and its technological prowess in international ranking germany finds itself odd on the list in 37th place to be exact and things don't look much better when it comes to while it's covers that is 4 g. there are dead spots everywhere only around 77 percent of the population have continuous. says to high speed wireless internet connections and especially when
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you're driving down the country's famous also bon motorways at high speeds preferably you'll find that the podcast you streaming on spotify just stops now let's have a closer look at this with my colleague rob ward's who is looked into this story a bit more detail why is germany struggling so much with this problem well in terms of the internet there are various factors but one of them is good old fashioned german bureaucracy. is there for example for mobile internet there is a great deal of regulation that means that if you want to have a new master example it can take up to 2 years so if you want to improve the signal to an area you start on a long road that can take a while whereas you know it can take less than 6 months in other countries there's an argument that there's also a lack of competition among mobile providers there are just 3 main providers here
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in germany that less than a lot of germany's competitors and there's a feeling that there's perhaps a lack of the competition that's required to drive up standards of the cartel than if it's only only 3 well i absolutely agree that the fact is that there are not enough of them pushing each other to cut costs and to try and improve the services because the cost of it's there in interesting also remains very high and in terms of broadband there's been a lack of modernization there as well for example telecom which still runs much of the infrastructure has opted to rather than install a hyper fast fiber optic cable to stick with the copper telephone wire that has been in there for decades and just slowly improve that and there's a feeling that that was probably short sighted we do know that many german businesses have struggled to digitalize who's to blame for the us or the lack of good internet it's obviously. a factor in that because you know if you want to
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improve your technology you need to have a good internet connection new technologies are acquiring better connections not worse connections there's also a suggestion that germany's corporate culture might be to some extent to blame for this thought doesn't encourage innovation so traditional sort of set of german corporation is this pyramid of management whereby if you want to if you're at the bottom of new if you want to get an idea through where you have to ask your boss just to ask their boss who has to ask their boss and things of based on decisions made with consensus rather than people being allowed to act on their own and try things out and there's a feeling that that perhaps stifles creativity and so stifles digitalisation to some extent and also we can come back to your ocracy again if you want to call it that i mean data protection for example germany is very hot on protecting people's data but one of the side effects of that is that companies tend to be wary of new
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technologies new software that might pose a risk to their data protection credentials so they tend to stick with old tried and tested systems so sounds very familiar what's being done about it well the government has got to act on this because it's already being used as a stick to beat them with in elections for example that the poor quality of connection in rural areas is something that the f.t. the far right party in germany has been using to to suggest that the government doesn't care about people in rural areas so the government is putting its money where its mouth is as such it's investing $100000000000.00 euros over the next 5 years to improve 5 g. to roll it out indeed and also said to improve the amount of fiber optic optic connections around germany because you saw you know the than 10 percent of germany's connections are done through fiber and for a developed democracy that was that sees itself at the forefront that's not enough
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for the prophetic actually thank you very much rob warts from your business. outgoing mario drug officially steps down in a ceremony with european leaders today he will be succeeded by francis christine legarde the former chief of the international monetary fund is the 1st woman to hold the office the 63 year old business to focus on issues such as gender equality and climate change is no expected to bring major changes to e.c.b. these seabees monetary policy. now let's go straight to frankfurt the seat of the e.c.b. we have chosen to lead the standing by chelsea is that true what can we expect from of the e.c.b. led by pristina god just business as usual look art is pretty closely mirror and most of her public statements since being appointed to succeed him she's talked
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about the need for a loose monetary policy for the foreseeable future she's also echoed in saying that you know monetary policy can only do so much and we really need governments to do more in terms of fiscal spending so they're definitely on the same page there at the same time look art is not she's not an economist and she's not a central banker so there is some talk about some some potential changes she's she's discussing doing a review of the c.v.s. policy in part to sort of men to their all of these rifts sort of that happening right now within the e.c.b. so we could see some changes through things like inflation and inflation targets through that. starting today what else can we look forward for this week. it's going to be an extremely busy week we continue to see earnings roland here in germany we're expecting volkswagen deutsche bank which investors are going to be watching closely for updates on restructuring we're also looking at the fed meeting
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on wednesday where the fed is expected to cut interest rates and also you know the continuation of and to read out the we us jobs report where jobs are expected to job growth is expected to slow. busy people like you or me thank you very much shows the dilemma in front of. and to some of the other global business stories making headlines today europe's largest lender has p.c.'s said that its profits slipped 18 percent to $4800000000.00 in the quarter and want to further headwinds the bank has its headquarters in london it earns most of its profits in hong kong which has been crippled recently by widespread demonstrations since. french luxury goods group. reportedly offered $14500000000.00 u.s. dollars for jewell a tiffany the financial times reports that the owner of louis we told made the
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offer for the iconic u.s. company earlier this month tiffany is expected to reject the big. space tourism is about to go public in a few hours investors can trade shares of virgin galactic on the new york stock exchange for the 1st time since its founding in 2004 virgin galactic has raised more than $1000000000.00 to develop a commercial service to take tourists into space. back here on earth is big business as specially the northeastern u.s. state of maine the industry built up a thriving trade with china now the trade war between the 2 countries has caused exports to collapse canadian fishermen are seizing the opportunity while the u.s. is looking for new markets. maine is renowned for its rocky coasts and
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indian summers a week or 2 of warm weather that often comes and fall when the brilliant hues of the leaves are a major tourist draw now the a delicate state up in the northeastern most corner of the u.s. has also become a battleground in the trade war with china lobster fishers there are being hit hard by tariffs lobster exports to china are down 80 percent and michael libby is feeling the pressure. we have a good chinese market and we ship directly that we get these tariffs that are buying for us the buyer from canada's dad but there's they're buying our products in care because there's a terrorist from the chinese from here it's just it's kind of frustrating. there's a lot of hands on labor in catching lobster like baiting the traps michael and his crew men have put out $400.00 today. the industry in maine is strictly regulated to ensure it remains sustainable michael has to measure every single
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animal caught and he too small have to be thrown back. they've caught around $500.00 of the cross stations today in portland harbor part of the catch and up with a distributor that packs the animals for transport around the world. last year the u.s. exported around 5 and a half 1000000 kilos of lobster to china this year it looks like it'll only be around a 1000000. not long ago china raised the tariff on them from 25 percent to 35 percent bad news for business owners like tom adams. we need all markets it's a big industry it's a big business for the state and they are there to be a secluded from 2 major market places due to tariff disadvantages is really makes it that much harder for a business to thrive and grow. canadian competitors have now seized around 90 percent of the law. star trade with china to make up for collapsing exports manes
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lobster industry has to unlock new markets fortunately other asian countries like singapore and malaysia have begun to develop a taste for the product. as the trade war between the us and china drags on michael libby is now also seeking to sell as many of his lobster as possible to local restaurants. he doesn't get as much for them as he used to. but at least the beer at the end of the day is on the house. and that's it from me and the business to my station to the w. well stores is next right after this quick look.
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after the fall of the berlin. in one night. this week on world story. brick city and britain's e.u. citizens. alba berlin goodbye to cheerleaders. but 1st to turkey hundreds of thousands of refugees from syria are living there but the mood among turks is said to be souring the guests are not so welcome now reports say many have already been expelled including to areas that are not considered safe.
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mohammed has been gone for almost 2 when offered a show thinks about what happened to her son she feels helpless lost. in early august mohammed was riding a friend's motorbike in istanbul the bike wasn't registered mohammed was stopped by police and then sent to a detention center. i don't see it as a normal about 12 days later i got a call from mohammed. he said they've taken me to syria to italy that was his last phone call i haven't heard from him since. when have rhymes not broken when a lad from syria he was still a small child. now they have sent him back to that place. and i don't know where he is still.
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