tv Business Deutsche Welle November 7, 2019 4:15am-4:31am CET
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the unity. football news now in by and munich had to prove themselves in the champions league after sacking their coach last weekend and they failed to impress despite beating greek side olympiacos 2 nil robert love in those key open the scoring midway through the 2nd half with evan perez age adding a 2nd in the dying minutes thanks to the 2 know when qualify for the round of 16 with 2 games to spare in the group stage. business news is up next don't forget you can get all the latest news information around the clock on our website d.w. dot com tony.
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blair's after the fall of the berlin wall nov 9th to topple. the for. the end of the lock up period marks the start of a major selloff friday heeling absolute versus that shares driven down to a record low as early investors from both to shut their stock. also on the shelf germany of economic council terms its growth forecast and insists the country should spend its. later competitiveness. and speaking of competitiveness that's
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hard to achieve without next generation connectivity but can germany trust china's one way to help build its 5 g. infrastructure. this is the way of business i'm joined now the milan in berlin welcome and it's a rough ride for her as its stock tumbles to a historic low that's after a stock lockup period expired allowing early investors and employees to sell their shares analysts say that means 80 percent of all issue chairs could now hit the market the right ailing company went public in may in a bumpy i.p.o. and guber is still struggling to win over investors despite increasing sales losses remain astronomical they amounted to $1200000000.00 in the 3rd quarter the big question on people's minds remains whether the company will ever make a profit. he joins us now from wall street so you not exactly a vote of confidence from the market there what does this tell us about where
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investors think heading. there clearly a troubled waters for shareholders at this point to the stock prize was down another 4 percent here in the wednesday trading session meaning since the i.p.o. the stock is down by a good 40 percent so almost got caught in the hof and some of the earlier investors are underwater now meaning that there is share or the amount of stocks is worth less today than it is when they bought in certainly very early investors they'll still made quite a fortune but overall all but i did hear how this went on and we've seen this before when we have those periods and being that means that millions of shares are flooding the market and that usually puts pressure on those stocks. so a turbulent time for stocks but the tanking share price isn't even the only drag on
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earth today this itself driving technology has also come under a fair bit of scrutiny what more can you tell us. yeah there was a preliminary report from the national traffic safety board saying that the self driving technology from over is probably having some trouble. recognizing people who are jaywalking so we're not crossing the street said cross walks or. traffic lights we will hear more. official in hearing about some of the accidents that were cars that had been involved on november 18th but clearly if you look at self driving cars that is the future of over at support supposed to help bring costs down at the right sharing company and if this taken all the g.e. is having some serious issues and the introduction olds those vehicles might be
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delayed to substantially so that might also mean even more trouble ahead for over technologies as if they didn't it can use anymore thank you very much a part of there on wall street for us. germany's council of economic advisers to the government has trained its growth outlook for europe's biggest economy to just half a percent to reverse its fortunes the council suggests that berlin drop the sacred caliph its economic policies the balanced budget critics have long blamed berlin's frugality for crumbling infrastructure and poor digital services. the german council of economic experts say germany faces continued economic weakness but they are not expecting a deep recession the economic advisors we commend lowering taxes but chancellor angela merkel makes it clear that she is calling the shots. in i can tell you that we 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 have already done. however
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the council says the government has done too little for industrial policy leaving tens of thousands of jobs at risk in the auto industry the sector could easily use some state support especially for all to multipliers the government could also help by subsidizing part time work and retraining programs is feeling we're witnessing a downswing in traditional auto industry technology carmakers are focusing entirely in new technologies we have to adapt to that as suppliers. find it all costs money the council says the government should abandon its so-called black 0 goal of keeping the budget balanced and refraining from taking on new debt it especially advise investing in infrastructure to avoid a recession. this issue absolutely from our viewpoint a balanced budget is a good device to reduce demand and shed debts 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. but the government sees
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that differently and still refuses to take on fresh debt now sluggish internet connection is one of the big threats to german growth as such building a next generation 5 g. network will be essential here berlin is still debating whether while way can be part of that effort critics say beijing they used to always access for industrial espionage or to disrupt vital infrastructure. quality founder ren junk fate is a legend in china he built the tech giant from scratch he wants to counter widespread claims and accusations that his electronics empire is too closely involved to the powers that be in beijing it's a judicious response if you were to go hi summer holiday traditions have to talk about that we have to market persuasive products they are our best argument for all . the controversy is about the future of the internet while way as
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a global leader in 5 g. technology which radically speeds up data transfer that boosts capacities to steer and monitor citizens and traffic something that makes 5 g. dangerous. although you know of course we can guarantee germany that we won't pass on any data that's a promise or for womanish. away produces marvelous surveillance technologies such as the city of the future where nothing goes unseen the chinese police state exploits the technology ardently but chance of america has ruled out excluding qual way entirely from germany's own 5 g. network resistance is mounting though even in her own party it is down to for me it's about huawei without having any leverage as a company being completely at the mercy of the chinese state leadership that would mean our networks weren't being run by huawei but by the chinese state and the communist party of china that doesn't correspond with our ideas of security and
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confidentiality brylin is still weighing risks and benefits but for now huawei is rolling germany's 5 g. infrastructure remains undecided. beijing and paris signed contracts totaling around 13 and a half 1000000000 euros during the visit by french president. to china deals were struck in aeronautics energy and agriculture including approval for 20 french companies to export poultry beef and pork to china the european union and china struck also a deal to protect the geo graphic origins of 200 regional products like rock for cheese and poor tea separately chinese state news agency said they agreed to work together to push forward the completion and delivery center program of the european plane maker air buses a 350 model as well as step up investment by air bus in china. india has been trying but failing time and again to introduce a total ban on single use plastics this time it's running into unexpected
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resistance from the very people who are most affected by the trash problem. whether it's dumped in the street or polluting river ways and the sea plastic waste is abundant in india the country produces some 5 and a half 1000000 tonnes of it every year now the government is taking action launching an ambitious campaign to ban single use plastics from 2022. not everyone is behind the drive plastic producing factories say their businesses are in jeopardy. it has to build a business and business. that's what is going to happen and. for some consumers to the shift away from plastic is proving to be more complicated than expected. to do that it is you know when you buy for example my
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monthly back on what i know. if i'm going to not think. that in that one store you need to find. another group feeling the effects of the impending ban or garbage collectors some of india's poorest people earn a living by sorting trash now they're worried about their livelihoods there is a lot of chaos among companies. that they will lose jobs with people there's a lot of chaos because there isn't enough awareness on how. the natives you know. while environmentalists have welcomed the government's crackdown implementing the policy could prove to be an uphill battle. now to some of the other business stories making news japan's tech group softbank a loss of 6 and
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a half $1000000000.00 last quarter that compares with a profit of nearly $5000000000.00 a year ago. the results were hit by the loss making investments and start to rework and ride sharing out lie there which has turned an operating profit. air travelers flying through or from germany can expect major delays the found the has counseled 1300 flights affecting around 180000 passengers cabin crew are striking for 2 days over pay and conditions industrial action centers around expense payments that will mainly affect flights leaving from germany on thursday and friday. and that's it from us thank you for watching.
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the conflicts with sebastian in tones pro-democracy movement imagine qualified support of the international community to do better think again by guessers week here in berlin is joey sue a pro-democracy activist movement now charged or make a deal with the hong kong government report about becomes impossible conflicts.
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next on. shortage of teachers in rural areas it's a big problem for russia and a huge problem for children. our son yon isn't a teacher but he wants to do something positive. evolving terribly travels to remote areas in teaches kids to open doors of opportunity for them. 60 minutes on d w. i was here when i arrived here i slept with 6 people in a room. it was hard i was fair. i even got white hair.
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learning benjamin language then no not this gets me and critical but uniquely to entrap let's say you want to know their story lines her writing and reliable information for margaret. in a timeless way discover the film. starts nov 14th on the job. so you saying that people use those who are out of control well i don't believe they're out of control nobody forces you to break the law or do that the government buys the stuff it is hong kong's pro-democracy movement imagined it had the unqualified support of the international community it had better think again the british government has slammed what it called a hard core of demonstrators warning that follows was unacceptable and had to stop
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