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tv   Business  Deutsche Welle  October 29, 2019 7:15pm-7:31pm CET

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late on tuesday will it be clear if and when british voters will get to have their say. on the w. business news asia with ben facility. we'll have more world news at the top of the mean how close is always websites to. the day.
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after the fall of the berlin. the night. a recession is on the cause for hong kong the warning comes from a leading carry them months of pro-democracy protests cutting business. levanon central bank says anti corruption ok states could destroy the economy demonstrators say the bank is part of the problem. human rights watch says washington sanctions against tehran. fred the writing is right the viking medicine. and saudi arabia
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opens its doors to the globe's fast growing tourist trade but is the country ready for it. and it was all an extra business hong kong's worst political crisis in decades is also causing economic upheaval leda carolan says the city is on the brink of recession as it enters its 5th month of pro-democracy protests tourist numbers have dropped and retail businesses hurt as they've been forced to shutter their doors during rallies. after 5 months of pro-democracy protests some people in hong kong are tired of the demonstrations and blocked roads the city state's divided community is on edge many were looking to carry lamb speech and shoes there to see whether she would yield to the protesters demands she issued a warning things you. need all that there is a large likelihood that for the year 2019 we will see a full year recession that means we will reach 0 to one percent growth so this
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situation is highly serious in addition as i have stated in the policy address the hong kong government will closely monitor the development of the economy and take appropriate measures. on the. issue when it gets o.c. . also said her government will tackle protesters who resort to violence head on the hong kong government isn't backing down and neither are the protesters. the standoff in hong kong could continue to hurt the asian financial hubs economy. steve tongue joins us from the university of london chief executive kerry says there will be no political solution until the protests and that doesn't sound like this is going to end anytime soon. i think you're absolutely right the way how the chief executive is approaching the issue shows those who need it that's not to have any understanding of what the situation is and what
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a political solution needs you have you work for political solutions when you are in a very difficult situation after the situation has resolved itself does china have more of an idea of how to handle this situation what about beijing's chances of muffling this dissent. well not very good because all that they are really trying to do is to stand for. and apply a bit more repression and they really don't understand where the problem comes from to begin with that the demonstrators in hong kong are perfectly well aware that these people have an economic price falls to pay they are prepared to pay that price they are out here to defend their value democracy and their rights as individuals with even the business side of things what could this through to hong kong international business reputation. one thing what is hurting hong
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kong's international reputation and the economic climate it's not so much that there are demonstrations in. major cities like london and paris have had demonstrations and they do not destroy the reputations of those places is the way how the government hendo xit organised handles it which will have far greater impact on the reputation and of the place and that you cannot make prospect of the city and it is what we're seeing in hong kong stiff sung thank you very much for your analysis from the university of london. school of oriental african studies thank you thank you. lebanese banks were shut again today demonstrations that paralyzed the country in the fog long closure of banks has raised fears of economic collapse the central bank says a solution is needed within days of protests to say it's part of the problem.
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on monday the protests continued all over beirut in places the blockade looks a little like a street party but looks can be deceptive people are angry. that isn't exactly 30 m. and if we do not block the roads then we can put pressure on the government to get me going we need to bring all the people to the streets and not only those who are already here and have done and then the government will be forced to listen to us. a group of protesters also blocked the road leading to lebanon central bank on monday. dozens of people called for the resignation of the bank's governor riad salome. this is the central box at the location where the corruption and the comparison is of the headquarters for the well that we're hearing with leaving in the press the formation of all the hundreds of millions of dollars that have been taken away from the people and also calls for the people it's gotten all natural and it shows that the inside is alive it shows that there are you through have
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escalations worth of life what about the government. the protests against corruption poverty mismanagement have paralyzed the country bank schools and many businesses are closed but so far there's no sign of the government giving any ground to the protesters. u.s. sanctions against iran means some rain ians can't get their hands on vital medicines that's according to a report by human rights watch despite a tricky situation many iranian companies continue to do business with other countries it means they need to be very creative. this construction site is located an hour's drive from the arabian capital tehran it will one day house a factory that produces medical implants it's the brainchild of entrepreneurs ali amare i like yari the idea came to him before the united states reimposed economic sanctions against iran the move is complicated business ties with other countries
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too including germany. from one years ago up to no. exports and imports of iranian. youth more than 50 per cent and it's not good news and we ask from the german government that they find new solutions. germany has traditionally been an important trading partner for the country iranian companies are well represented at medical trade fairs like medical disorder of cheap labor and it's advanced technology sector have made iran an interesting investment destination for german businesses but sealing deals is no longer as easy as it once was even for. kerry whose medical technology company isn't directly affected by the sanctions over it my routine can relate to those difficulties he runs a company that makes medical devices used for lab tests the products are exported
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to armenia afghanistan and iraq but europeans seem to be interested in them too and they are surprised when they see or pulled out something for iranian products that could have a very good day to eat don't have a negative post were of sanctions even i heard some countries deal iranian companies to have and an exhibit sions other of our main problem which is money transfer in to try to find ways to continuing our business. back to the construction site alyea mario is hoping to have about 100 people working here in a few months from now he's not concerned about demand but he is worried about how his foreign customers will be able to pay him pressure from the u.s. has discouraged most international banks from facilitating bank transfers with iran . we need to solve these problems have we have
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a plan to do something with the european countries and companies and good result in this case but i think i do see it's a very difficult to read the european side despite the difficult conditions marianna harry is determined to attend the next big medical technology trade fair taking place in germany next month. to some of the other business stories making news google's parent company alfabet says its quarterly profit fell 23 percent to $7000000000.00 missing market expectations it says the main reason is rising research and development costs the company is trying to maintain growth while investing in a variety of new gadgets and services. meat substitute specialist beyond meat has reported its 1st quarterly profit sales the past previous expectations things partnerships with restaurant chain mcdonald's and major u.s. gross across the vacant burger make is expecting revenues of up to 275000000
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dollars this year. holiday makers making history saudi arabia is keen to reinvented see image and display openness and transparency especially after the damage done by the murder of journalists. the government's now opened up its visa process to allow in more international visitors. saudi arabia is welcoming its 1st big wave of holiday makers among them this group of polish tourists they've taken advantage of the country's new more liberal visa regime that until recently restricted visits mainly to pilgrims and business travelers certain rules have also been relaxed for foreigners sophie doesn't have to wear the body covering a buyer expected of saudi women. number to draw. before we came here i was worried about what i was going to wear because i'd read about the
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strict dress codes a certain regulation so i was concerned about what to wear every day. but actually it's been a very pleasant surprise for us to. put on a positive thing in. the tour groups trip through the mass market 14 riyadh's old town was made possible by crown prince mohammed bin salmond's reform program aimed at reducing saudi arabia's economic reliance on oil however talk i admit i'm a mood says saudi businesses are struggling to keep up with the changes. along his . star it is a moving at a much faster pace than we expected and we understand this fast change those changes are positive but we is businesses can't keep up with their speed we don't have the same level of resources.
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but with many more holidaymakers sure to follow in this polish group's footsteps tour guides like metal. need to be ready to help them on their way. finally livia newton john is auctioning off some of the clothes she wore in the hit musical grace one of the top plots is the leather outfit her character sandy wore in the final say the jacket and pants are expected to fit fetch up to $200000.00 for a new. cancer treatment center a total of $500.00 items going under the hammer in beverly hills on november 2nd oh my goodness at least. get a flight that's doing business with you i'm outta here. happy
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days hope i receive a mention defending the position of the top of the bonus league i could win at home against i'm tough from. the so mood is not so great. after an unconvincing win against underdogs known them since this true champions
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look like. a 16. we speak different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for mines. this as news africa coming up on the program to live or to die vast is the question sounds like an easy decision to make but what of there is the lack of doctors all health facilities to kill your god as health minister eyes here have to talk about a situation in his country to increase the number of me twice and increase the number of mrs inductors racial piece i mean publishing is going to gently increase
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the will.

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