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tv   Business  Deutsche Welle  November 14, 2019 7:30am-7:45am CET

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world. there are full power and boundless ambition of the middle east into a great crisis. to rival princes of the cold starts nov 27th on t w. china's economy grinds low on october indicators missed forecasts for industrial output the trade war hits the chinese services sector and asian stocks retreat. many hails tesla's decision to build its 1st european factory in the area to take you to the size of a mammoth project that has the home side on the edge. and keeping the peace down colombian business people help a school a fund has to reintegrate into society. and bring
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physical and lets you business trade frictions seeing china's main growth engines volta its services sector is no longer booming putting pressure on jobs retail sales growth is at a 16 year low and chinese factory upward grew significantly slower than expected last month global answer best demand a weak china's trade war with the u.s. is dragging on and stock markets in the region of falling japan's economy at least holds during the 3rd quarter growth of point 2 percent is well below the previous posters 1.8 percent as pressure on policymakers in both japan and china to brand up stimulus. let's go over to chelsea delaney off a national correspondent in frankfurt chelsea where is all this leading. really only further downward for both of these economies at the heart of the slowdown and japan and china is really the trade tensions between the u.s.
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and china which of put a drag on global trade but they also are both dealing with domestic issues as well japan has recently raised sales taxes which is expected to slow consumption there and in china they're dealing with a lot of problems including surging inflation inflation is at the highest level in 8 years in china which really makes it difficult for policymakers in china to implement any stimulus that could really boost growth so it's really hard to envision either of these economies really recovering anytime soon because they will you watch you'll see because german g.d.p. daughter is due out soon the figures could show europe's largest economy in recession analysts predicts the latest on who will see growth running deep into a hole in the 3rd quarter u.s. china thomas dispute has helped drive germany's he met effect from say the into a shop down to. show you things are looking bad already basically don't think. they are looking bad in germany
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it's not quite clear if they actually are going to fall into a technical recession expectations are either for flat growth or slightly negative so it's going to be a really close call even if even if germany did fall into a technical recession it doesn't necessarily mean that it's an economic crisis like the financial crisis and over the past couple of weeks we have seen a lot of data that's been sort of boosting expectations that maybe the economy has bottomed out here things like survey data sentiment data or data for the factory sector have been increasingly positive so there is hope that things are going to be getting better from here but i think it's also important to keep in mind that. the growth prospects even if we have bottomed out are going to be extremely low going forward. we're talking about maybe a one percent growth next year not really a return to 2 percent growth so it is going to remain difficult given the trade
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climate and struggles in the auto sector and things like that very tricky times chelsea delaney thank you very much and staying with the auto sector building in miss sadie's backyard this is bold but it's what tesla c.e.o. elon musk is all about is gigantic gigafactory in which robots build electric cars and batteries have been springing up like mushrooms the germans have been quite slow in shifting to mobility but even v.w. is converting one of its eastern german plants into a pure fact free recently announcing it will be europe's top performing electric car factory along comes musk just days after the state said it had boost subsidies for buyers of electric vehicles. somewhere around here is where tesla is european production plants will be located or is the law must cause it the next gigafactory the most recent one is in shanghai finished this year it took only 8 months to
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build at a cost of $2000000000.00 must finance states with the help of chinese investors with the german site accusations that state subsidies have been offered have been made berlin denies that. obviously if tesla invests in germany if it creates jobs then we were treated exactly the same as any other corporation in the automotive sector we would treat all players who invest in germany equally in a discrimination free manner i there are 2 over the. 100. he long must broke the news of his decision at an event in berlin he came as a complete surprise there wasn't much detail but there was soon talk the thousands of jobs tesla's website already lists vacancies staff will be producing batteries and the model y. and electric s.u.v. 440000 euro's with a range of 540 kilometers. german electric cars are also expected to achieve that
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kind of range but they'll be cheaper like folks bargains id 3 choosing germany wasn't a roll of the dice this is your it's biggest market the country is home to test his main competitors and there's a huge reservoir of automotive engineering talent brandenberg also generates huge amounts of wind energy something also said to have influenced musk's decision. years in to be able to produce climate neutral products in a climate neutral way in the future we've got the wrong materials we've got renewable energy in brandenburg and we're top of the league in germany. with a lot must calving already promised to put humans on mars by 2025 and should be easy enough to put to kick a factory in by 2021 now to some of the other business stories making news a southwest airlines pilots association has criticised boeing of trying to paste in
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the return of the 737 max to service it as the plane maker was putting increasing pressure of regulators to greenlight the plane after it had been grounded in march when 2 crashes southwest of boeing's biggest customer facilities have the max. more than $10000000.00 people signed up to disney's new streaming service on its 1st day is the plus was launched in the u.s. and canada with a brand new series based on the star wars films a subscription is around $7.00 a month. we work is more than doubled its quarterly loss to one and a quarter $1000000000.00 the struggling of the sharing companies as a result is due to the opening of almost $100.00 new locations the company has recently shelved plans to go public and accepted a cash injection by japan's tech investors soft bank. and in dubai virgin hyperloop one is showing off one of its passenger pods which will one day rocket along at up to 1200 kilometers an hour and is building
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a test track in saudi arabia the track between mumbai and india in india begins construction next year. given his country's trade war with the u.s. china's president xi jinping has been keen to stress the importance of a global free trade system in a speech to the brics countries meeting in brasilia he made the argument for reducing trade barriers she also called on emerging economies to network better with one another india's prime minister narendra modi urged brazil russia india china and south africa to be more ambitious in their trade goals and investment. the peace process in colombia is facing new challenges that could endangered deals signed by the state and form of rebels but there's also a new push from communities to strengthen peace with the government young business people supporting projects that help x. to relieve fighters reintegrate into society he w. visited a textile factory and brewery that have got involved rubin. is
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checking the brewery equipment the beer is one of the items think produced by former farm rambles following the peace agreement between fark and the government. just like then about $3000.00 x. fighters live in these camps made for x. park members to reenter society the former fighters receive the equivalent of $200.00 euros a month it's the same money that finances the brewery. even though it is very popular seals income doesn't cover production costs. more just doesn't been as colleagues gave us the brewery and the fermenter they buy them for us and trust us to take care of them the way racking up debt to keep the project going when that working just to pay off the debt. was there on this body with us. it's a problem that the ex finders in the cooperative weaving for peace know all too well
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here just a few meters away from the brewery clothing is being assembled the factory is only able to stay open with the help of a small company called money fiesta from bogota the entrepreneurs design and sell the clothes at the cooperative. but a little bit along i think but for us the reason behind it is the most important thing the story of the ex fighters who are using this here as a chance to once again become a part of society by doing good but at. the clothes sell well but the factory doesn't have the necessary resources and machines to help the ex fighters live from their sales. colombia has invested 8000000 euros in government projects independent projects like lateral or manifesto don't receive any support but government representatives emphasize that their financial aid is helping 50000 people and they finance a new project every 10 days. see you know why
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billboard all the available if there was another place on earth that founded a new company every 10 days it would be considered the most productive place in the universe might succeed does not believe us. many colombians are against the peace process the situation has gotten worse since 2 former high level fark leaders once again took up the armed struggle against the state for joshua throaty one of the agreements negotiators this situation means it's more urgent that exploiters find success in their projects is the school will be able to go to be able to view any and all of these colombian men and women live in a world where dealing drugs and illegal mining attempting alternatives will fall. because states has to offer them better opportunities that are more attractive than criminal activities or hey let's get it out if of economy if you've got until or
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and the money if yes to team know that it won't be easy but they end the exploiters want to prove that little by little piece in colombia is possible. and just keep you up to date china's economy crying's loa japan's stoles in the last quarter both blaming the trade war and german g.d.p. is jus out next hour europe's largest economy could be in recession i was doing business with your.
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welcome to the euro max new channel. gold mine of stories. with exclusive. and a must see concerning barclays culture to europe. the place to be curious minds. do it yourself networkers. so for subscribers don't miss our.
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coach of britain a. link to news from africa. or link to exceptional stories and discussions. and museums and while it's a demo to come smash recap join us on facebook. africa. hello and a very warm welcome to news from the world of arts and culture we'll be visiting a big retrospective of one of germany's most influential office of the 20th century mountain kippen bagga also coming up in baking bread our intrepid europe correspondent. tension to a traditional bread of spain combined with a humorous look at the politics there. and a british photographer who makes cameras out of well almost anything including
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cheat. monte kiffen bag-o. was one of the great. blood of german pows well contemporary art he was incredibly prolific producing thousands of works of all sorts of artistic endeavor including even 150 books in his short life time he lived on the edge and died in 1970 of liver cancer just 44 years old right now a museum in the western german city of ball his holding a huge retrospective of his work which reflects his extraordinary production in all its facets and cold tends. provocative cynical sarcasm.

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