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tv   Business  Deutsche Welle  November 7, 2019 11:30am-11:46am CET

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after the fall of. the we're not going to talk. about this of the railroad to keep. people over for over a mention on the 4th and. last mission will go to. the bottom of the belly that the last dragons which were called to hold the 2 years. on the. german industry complemented seamen surprises analysts with better than expected quarterly results but who see otoh case of caution about a tougher year head due to the global economic slowdown. also coming up 16 months of trade dispute between the u.s. and china have taken their toll on farmers in america's midwest. and germany
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marks 30 years since the fall of the berlin wall we look at how my life changed the towns along the form of quarter. what prompted you to be a business i want to johnsonville i'm glad to have you with us german engineering conglomerate siemens reported a rise in its 4th quarter profit and revenue beating analyst expectations the company said it achieved its 4 year targets for fiscal 29000 despite headwinds from a cooling economy siemens is in the midst of a restructuring process that aims to make the group fit for the future. siemens chief executive joe kayser has big plans with his vision 2020 plus strategy he wants to make the industrial giant ready for future challenges he's going to do this by splitting it into 3 major units health logistics and digitalisation as far as he's concerned the era of large corporations is over britons are him their names concerned. with our corporate concept barking on the biggest transformation in the
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company's 172 year history this is a significant even on the storage milestone stories from. the health care division has already gone public with the listing of health and nears last year after some teething troubles it's now a successful business siemens still holds the majority of shares then there siemens energy yunus with its troubled gas turbine business this was the group's core business for many years the plan is for this to go public as an independent company the energy unit generates around 40 percent of siemens total sales of $30000000000.00 euros it employs 80000 people that leave siemens digitization business its railway technology sector and its stake in health nears this should make siemens leaner and more profitable but this restructuring is risky critics fear that siemens is in danger of destroying itself. from a let's preserve it often actual market correspondent chelsea delaney of the
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frankfurt stock exchange tells you 1st of all how did the siemens news go down on the trading floor. so you and yours are really on a tear. there of about 5 percent one of the largest gainers in the dax there is definitely a lot of anxiety coming into this report because siemens is really at the front lines of the industrial sector and europe they supply a lot of industrial customers so there was a lot of fear that this would have the slowdown we're seeing in that sector would have a much bigger impact on the companies so. for their expectations for $21000.00 but they also gave a forecast that was considered better than expected for next year so especially they're seeing a lot of growth in their some of their core businesses for this vision company of the digital infrastructure company of the smart automation sector as well so those were definitely bright spots for investors no semen c.e.o. joe casey has come under a lot of fire from critique who say his strategy spinning off parts of the company
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of the division is harmful but going by the current results he seems to be right. i think investors and the company were it would both call this the when. the company has said several times that this is maybe more profitable that all of their divisions are getting more and more efficient. but it also comes at this time of when everybody when the entire call for president vesting world is really reevaluated the place for corporations and conglomerates and that structure so this is not only siemens but also. another great example of a company that has been really tangled up and these questions so there's a lot of a lot of pressure on them. to realign solves all right chelsey delaney there reporting for us from the front of stock exchange thank you. cabin crew at
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a german flag carrier. started a 2 day strike the counts of 700 planned flights today and on the 600 to be axed tomorrow the strike is organized by the u.f.o. trade union that represents the cabin crew it wants higher expenses and allowances for flight attendants as well as better access to regular employment for seasonal workers moved on this is that despite the strike it will stick to its annual profit target of 2 to 2400000000 euros. now could this be the long awaited breakthrough in the u.s. china trade dispute washington and beijing have reportedly agreed to cancel tariff hikes on each other if they agree to a 1st phase of a trade agreement a chinese commerce ministry spokesman said that in such an instance the 2 sides would scrap tariffs proportionately efforts to resolve the months long trade
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dispute have intensified in recent weeks. while a quick solution to the us china trade war would certainly be welcome news in the heartland of america the midwest where farmers have been voicing their frustration . thousands of kilometers away from the farms of iowa u.s. and chinese trade negotiators are working to complete the 1st phase of a trade deal this could defuse the ongoing trade dispute between the world's 2 biggest economies not before time farmers here say it's all a forest areas gone this long i think we're getting a little closer to a deal there's been some news recently that says a china is coming closer to making a deal they want to take off from tariffs and still going on and then they'll be a little more willing to make that final commitment china is the biggest buyer of u.s. agricultural products such as soybeans grain sorghum and cotton which made these products an obvious target when retaliating with tariffs china also hopes that by
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putting economic costs in the u.s. farming heartland voted overwhelmingly for trump in 2016 it would put pressure on the president to end his trade war. the supply and demand work you know and. care of all these tours. they they've gotten very good at what they do and we feel that we're pretty good at what we do. trump said he hoped to sign the trade deal with chinese president xi jinping at a u.s. location she visited iowa in the 1980 s. and again in 20121 beijing official said it was not impossible that to sign a deal she might take that road one more time. sluggers internet connection this one of the big threats to german growth so building a next generation 5 g. network will be essential elin is still debating with the chinese take from what i can be part of that efforts its critics say beijing may use your wife's access for
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industrial espionage or to disrupt vital infrastructure quality founder ren jong fate is a legend in china. he wants to counter widespread claims and accusations that his electronics empire is too closely involved to the powers that be in beijing but if you were to go high 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 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. of course we can guarantee germany that we won't pass on any data that's a promise for womanish. way produces marvelous surveillance technologies such as the city of the future where nothing goes unseen the chinese police state exploits
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the technology ardently but chancellor merkel has ruled out excluding quality 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 leaderships 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 confidentiality rules berlin is still weighing risks and benefits but for now while his role in germany's 5 g. infrastructure remains undecided. this week marks 30 years since the wall fell it was a momentous event that paved the way towards demographic ation and transformed to many towns on both sides of the iron curtain one of them was. in the former west germany like many places the in a german border it suffered years of neglect while the country was divided next
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reports takes a look at how businesses that have embraced the opportunities offered by the unification. it's midnight and syllogistic center for $24.00 plus in pot has felt is bustling $750.00 tons of products are shipped in the warehouse every nice the products come to this transfer point from all over germany to be loaded on to other trucks their arrivals and departures are timed to scifi to save money 20 years ago peter paul mine was a logistics pioneer in the half of it all by the by the time this area was pretty remote without a lot of road infrastructure but that has changed dramatically for us in the last 20 years when it comes to shipping the road network has been built out now and it's very extensive. that would also be bold work and. several highways cross here there are important connections in all directions now all the big players in logistics
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are in the region. here at the former inner german border the east german watchtower and barbed wire have been turned into a memorial band who works for the local government here he's responsible for welcoming new companies to the area he experienced the border here opening in november of 1989 but these days he has other problems in his district there's hardly any more room for new investors. he to be helping those companies is getting more and more difficult because there are fewer properties large enough to serve big companies and it's hard to find suitable personnel when there's not an employment rate of only 4 percent. of. the properties that companies look for are close to the highway like in the time a fleet of. there's a lot going on in the business parks here near the logistic centers there are plenty of small and mid-sized businesses like this alex tronics company in the past
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employees here built simple switch boxes but today they're producing complex automation technology. we have lots of employees from former east germany so for us it was definitely a positive development today there's no trace of the former german german border in this area. back to the logistics firm $24.00 plus the company's a testing ground for new software and logistics solutions everyone here is thinking about digitalisation barbed wire and border walls were forgotten here long ago. and that's your business update here on d.w. for now for me on the business team and thanks for keeping us company.
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else isn't calculable. goes inside. their rivalry deadly. dream of being the. rival concerns
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of cold starts nov 27th on the t w. welcome to the but is he going. to talk about the. 3. so you know. hello and welcome to another special edition of arts and culture all week long we're celebrating the 30th anniversary of the fall of the berlin wall which of course happened on the night of november 9th 1989 it was a night that changed the course of world history and surprised even the highest
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political officials but one thing penetrable border between east and west berlin began to crumble and in a so real and good a few hours east berlin poured into west berlin the 1st step towards this country's we unification. to celebrate the 30th anniversary all of the walls demise berlin has events happening all over the city in historic locations and one of them is the east side gallery and my colleague david levitz is down there now for us hi david can you tell us just where you are exactly and what it might have been like 30 years ago right karen well the east side gallery is the biggest stretch of the berlin wall that is still standing there very few of them and this is the biggest and tonight it's not just a wall it is a projection screen for a film about the berlin wall where better to watch this film to now where i'm
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standing right now is not always an outdoor cinema this was what was known as the death strip and 30 years ago.

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