tv Business Deutsche Welle November 6, 2019 6:15pm-6:31pm CET
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after the fall of. the night. set a goal is on the cusp of an energy revolution it aims to get about a 3rd of its power from renewable sources in the next few years and his points for west africa's largest wind going to the grid but the state isn't turning its back on oil. and germany's economic council trims its close full cost but insists german economic policy doesn't need to be reinvented. continues all of its to business spoilt for choice. senegal has it all lots of sun wind and oil but
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what will be the right makes the government's just announced a new round of licensing for 3 offshore blocks as the country prepares to tap its rich reserves to boost revenues we'll get to that in a moment 1st its lofty goals to produce a sizeable chunk of its energy needs from renewables. it's the test run of the new wind turbines in wind park in less than 2 years the british renewable power company of the keller built $46.00 of the turbines north of the capital dhaka are it's created 400 jobs here the wind park it's connected to the grid in december or early next year it will be supplying $2000000.00 more senegalese with electricity. book when it takes. the implanted up looking at bucket we are very proud to have built the 1st wind farm in west africa so. that the block you block to do
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its part of the emerging senegal plan which is so important to the senegalese government that. this farm the center of the national power company will have an energy mix approaching 25 percent renewable energy to be that will save around 300000 tons of c o 2 emissions wind here near senegal's coast is plentiful and free and this wind park is just the beginning it will also serve as a model for other countries encouraging them to shift more to renewable energies. they don't use in my day joins us from the senegalese capital dhaka what potential does oil have for senegal 1st of all. well. senegal has made discovered oil reserves of coal and it has incredible reserves according to the i.m.f. says around $1000000000.00 barrels of oil available and $1000001.00 trillion cubic
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feet of gas available as well. he can definitely help the country develop and develop its infrastructure all of the i.m.f. also announced that hydrocarbons will make of all this 5 percent of senegal's g.d.p. as it's an expected to come online between 20222026 so in the meantime it's vitally important for the country to be diversifying its energy mix what will be the right makes you think. well the right mix is still a work in progress central currently depends on expensive oil and gas imports at the moment and it's recently as september as a floating offshore power station arrives from taking on a 5 year loan to provide 15 percent anything to the national power grid and that because there is clearly an energy deficit in senegal only around 60 percent of the country has exited feet and 40 percent are in the dark or the rural areas now
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developing an energy mix with different helps to diversify and bringing solar and with wind into it will also help so it's about getting electricity to the people what about getting profits the profits of this huge power revolution for senegal getting those profits and that money down to the people who need it most because we are talking about a poor country he said ago. yes absolutely. the average work he wage is around $70.00 per month for the average person these great reserves who offer a lot of wealth for the country in terms industry infrastructure. the country will is able will be able to spend money on building that the road on providing electricity for people in the rural areas would really help develop their cultural practices and also able to help people could mean a good who earns improve their quality of life and this unit also developing
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infrastructure there are projects with the capital city how to recognize transit system developing airports in regional areas and it will help with moving people around and also helping them leave a good being able to sell they could but aren't quite far off in the future and i'm well thank you very much for the information. thank. south african presidents are secured $13000000000.00 in private investment pledges as part of his latest campaign to boost growth and employment he says the pledges underscore the business community's faith in south africa most of the investment shares will come from domestic companies last year rather secured of a $50000000000.00 investment drive so far the pledges have not put a dent in one point rate 29 percent that are some of the other business stories making news. reporting the chinese state
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firms would invest $5.00 to $10000000000.00 in iraq as planned i.p.o. so profound the oil producers pick and sovereign wealth fund china investment coal are among those in the sky to buy in the saudi oil giant. japan's tech group softbank booked a loss of 6 of one half $1000000000.00 last quarter as with a profit of nearly $5000000000.00 a year ago the results were hit by last making investments in startup we work. neither of which have turned an operating profit. london and washington remain committed to reaching a post briggs free trade agreement that's according to a statement from downing street in a phone call prime minister bars johnson as urged president donald trump to lift tariffs on goods including scotch whisky and exclude britain from possible judi's on european cars. a boeing whistle blowers told the b.b.c. up to a quarter of oxygen systems in the company's 787 dreamliner as could be faulty putting
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passengers in danger if cabin pressure is lost boeing denies the allegations. air travelers flying through or from germany can expect major delays as cancelled 1300 flights affecting around 180000 passengers category striking for 2 days. to bid to halt the strike at a frank mccourt industrial action centers around expense payments i am maybe affect flights leaving from germany on thursday and friday. the international monetary fund has cut its full costs for the eurozone and its biggest economy germany the council of economic advisors to the government has also trimmed its growth outlook for these year to just half a percent the council suggests that drop its treasured balanced budget policy critics of long blamed for galaxy crumbling infrastructure and problems with high speed internet access. the german council of economic experts said germany faces
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continued economic weakness but they are not expecting a deep recession the economic advisers recommend lowering taxes but chancellor angela merkel makes it clear she's calling the shots stuff you don't always follow your suggestions but they still provide us with inspiration and you will also find many of your thoughts in what we've already done. the advisers feel they are not being heard on the issue of industrial policy in particular they say the government has been too slow to expand broadband internet and is not that enough to promote innovation in the automotive and mechanical engineering sectors they also believe berlin's balanced budget policy could be a threat in a recession. from our viewpoint the balanced budget is a good devise to reduce demand and shed debt in a period of recovery but as the economy slows it is very clear that insisting on a balanced budget will not make good economic sense. the
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council of experts says that in spite of the global slowdown germany does not need an economic stimulus package they pick german growth for next year at point 9 percent. ghana is taking measures to step up production of offshore oil that he energy minister. told africa oil week summit in south africa he plans to revoke for licenses from companies that had not sufficiently developing petroleum assets at the same time says some laws must be revised to permit those who are producing to explore for more offshore oil fields in the gulf of guinea or is estimated to have oil reserves of up to 7000000000 barrels. the reuters news agency is reporting that mozambique is about to appeal a south african court ruling that is holding up the extradition of mozambique's former finance minister manuel chang and was arrested in south africa last year at
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the request of the united states he faces charges there related to his alleged involvement in a debt scandal that created an economic crisis in mozambique was it because also trying to extradite chang. the australian women's national soccer team will earn the same pay as the men and get an equal split of commercial revenues for the 1st time under a new deal the men's soccer rules traditionally have been paid more than the women's matilda's and a greater share of earnings matilda's profile grew dramatically during the $21000.00 women's world cup in france pay disparity has been in the spotlight since the u.s. women's team sued big governing body for gender discrimination. global c.e.o.'s have been walking a fine line with beijing the past few months criticism of what's going on in the international business hub of hong kong is out of the question pretty much any sort of sly remark on the economic giants human rights record or protectionist business
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policies is a no no of course that's not the message the chinese are trying to send from their premium import fair. china's swelling ranks of middle class parents are eager to boost their kids' skill sets using educational toys an ideal environment for lego the danish toymaker already has $120.00 stores in china and next year to expects twice as many lego's also establish its presence on digital platforms like ali baba 10 cent and j.d. dot com. in an interview with state t.v. lego c.e.o. neil's christianson soft petals on the remarks critical of china we welcome fair competition will be what we don't like is if somebody kind of misuses brand names or ip rights to mislead consumers so what we've seen also since last year and it is really that the soldiers have have gone in and have a back to the helps protecting those rights many companies remain frustration she presented himself as an advocate of free trade at the opening of the import fair in
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shanghai but other firms are critical of growing government influence preferential treatment for chinese state enterprises and theft of intellectual property. no one wants to miss out on the giant chinese market europeans hope that the e.u. china investment treaty will bring about positive change negotiations have been going on since 2013 and could be finished next year. nice doing business with it.
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in support. over. the debris of. this is g.w. news epic that coming up in the next 15 minutes help finally arrives in somalia parts of the country are still under water after being pounded by heavy rains now aid is trickling in. meanwhile in zimbabwe offering and wildlife is in grave danger. and the people making movies in a country where no one goes to the sin of the.
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