tv Business Deutsche Welle November 19, 2019 11:30am-11:46am CET
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deadly. 3 princes. all of whom dream of the leading the arab world. the rival princes of gold starts november 27th on the d w. rule. and rest in chile is boiling over as the gap between rich and poor catches up with latin america's most successful economy also coming up leaders of african nations gather in berlin as d. g. 20 investment summit gets underway and the next time you get your nails done take a virtual trip through an icelandic waterfall where else but. i'm chris cuomo welcome to the program chile is facing its biggest crisis since the
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south american nation returned to democracy in 1994 a month now protests have rocked the country leaving more than 20 people dead and thousands injured the unrest began over a hike in metro fares but quickly spun out of control devolving into riots and looting and took their toll on the economy as well as a result the government promised to draft a new constitution to replace the current one president. also admitted that security forces have met the demonstrators with excessive force until it is considered one of latin america's strongest economies growth this year is likely to be around 2 and a half percent but many of its people aren't feeling the benefits the country is one of the world's most unequal just one percent of the population holds nearly a quarter of the country's wealth. and the bottom half collectively own just 2 percent and they have very little chance of escaping poverty now as the protests
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don't show any sign of calming down businesses are feeling the impact even if some of their leaders are trying to put on a brave face and questions arise about chile as a destination of foreign investment. at this testing center in santiago de chile robots made by german company kuka are being put through their paces they're designed to carry out clearing work in mines fast and autonomous lee humans once had to clear the rubble after a blast with shovels slow and dangerous work. the mining robots have attracted a lot of interest in chile and abroad. the head of the parent company doesn't believe that investors will be put off by the current protests in the country he says investments in the mining sector tend to be long term. the biggest good. and it will ripple korea will through history but at the moment we're in
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a phase of uncertainty. but as a country we have a tradition that shows that we overcome crises. in the world knows that were reputable serious country that is currently in a process of transformation. but many economists are more skeptical they say it's hard to predict how long the protests will continue. to look for foreign investors already have less confidence in chilo and we can already observe some capital flight from the country go. even in the office districts in the capital santiago the situation is palpable many companies send their employees home at midday to keep them safe businesses barricade their doors for fear of looting or vandalism. they hide their names hoping not to be attacked small and medium size companies are having cash flow problems. or
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maybe not but many of them are making less of it soon they'll have to reduce their employees' hours. and that means less income for a lot of families that we want to happen to get. some 200 kilometers further south this farmer says the situation in chile is hurting his business nicholas medallist grows blueberries and exports nearly 150000 kilograms a year half of that to china but now with the civil unrest there often road blockades and other transport problems to look me in the studio this. lots of foreign customers see a threat there why because the fruit want to arrive with the desired quality because there's some him strikes at the ports but they want to avoid it will take time for the economy to recover most people here realize that but nicholas moralist at least hopes that his blueberry crop will not end up spoiling. now here in berlin
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german chancellor angela merkel is hosting numerous heads of state from africa at a high level investment conference the compact with africa set up a by germany in 2017 aims to promote private investment and job opportunities on the continent in return for economic reforms the event brings together european business leaders with african policy. the chancellor opened the conference with a keynote address she stressed the need for efforts to fight corruption. we believe and of that i'm thoroughly convinced that more transparency or bring more investors to these countries because it is important to germans and to other g 20 investors and for mid-sized companies it is very very important to have trust and transparency and they want to know where the investment is going and under what conditions will in this year they should they should begin. german chancellor
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angela merkel speaking there and we'll have more coverage of the g. 20 compact with africa summit in berlin later today thanks and now to some of the other business stories making headlines around the world. u.s. fed chairman drone policy is sort of the independence of the central bank and white house talks with president trump the federal reserve said it will keep making decisions based on what it called careful objective and non political analysis is the trump has been a frequent critic of the fed's policy. the united states has granted huawei an additional 90 days to do business in the country washington added the chinese tech equipment supplier to blacklist in may so i think national security concerns the apparent all of france comes as investors await news on the progress of u.s. china trade talks. vs signed a deal worth a reported $500000000.00 with the international olympic committee to sponsor the
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games until 2028 it's the accommodation booking platforms 1st major global sponsorship and it will begin with the tokyo summer games next year. fox wagon sales and earnings are expected to fall short of targets in the coming financial year the german carmaker has largely recovered from the emissions cheating scandal but a weaker global economy has put additional pressure on the company. kylie jenner has sold a 51 percent stake in her 1st medics and skin care company to beauty products giant cody the reality t.v. star turned a businesswoman will rank in rake in $600000000.00 for the sale which values her company at over $1000000000.00 now the deal will combine generous huge social media following with codis distribution prowess earlier this year jenner became the youngest self-made billionaire ever according to forbes magazine's richest
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alright conrad who is our financial correspondent in frankfurt half a 1000000000 euros to $600000000.00 for a part in the beauty business of a social media personality what has made this brand so valuable. well kylie jenner has 151000000 followers on instagram most of them young most of them young women willing to spend a lot of money on cosmetics this is the appeal for coach we amass market producer of cosmetics but most of those brands are a little bit old fashioned they're serving an older customer base like for example david of perf umes jil sander perfumes or added us per fumes coty by the way is owned by one of germany's richest families the family from
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billionaires but unlike the generous and can dash ins the family keeps a very low profile you don't even find photographs of them on the internet so what is there is there's a good deal. well people i talked to say this is a good deal coty definitely needed to do something to attract younger customers all of its competitors. as stay larger she's a toll all of them in recent years have spent a lot of money in order to attract younger customers coty on the other hand also be cause it was dominated or it is dominated by this a big conservative german rich family the highlands it had a reputation of being a bit too slow of being a bit too conservative to operate quickly in this very fast moving fashion driven
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market now the acquisition of kylie cosmetics by coty by the family that has the potential to change this color business frankfurt thank you. i'm staying with all things beauty a los angeles nail studio known for catering to a list celebrities is looking to add a new way to relax during pedicures and other services and they're using virtual reality technology to do it. what could make a luxury manicure or pet a care even more relaxing forget about hunching over a table under a spotlight and journey to a remote beach in the tropics or an icelandic waterfall. or even a peaceful forest. that's one of the new offerings from a los angeles nail studio bella cures where customers can sit back decompress and enjoy the virtual reality technology. american spent nearly 8 and
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a half $1000000000.00 on mail services last year and that could be just the beginning the manicure pedicure industry in the last few years has blown up in a huge way now the leaders in the industry are the ones who are thinking outside the box they're the ones who are making the manny pedi not just a physical experience and a great result but they're tapping into people's psyches and they're giving him this like mental wellness and mental checkout experience and that's what makes those clients keep lloyd stay loyal and keep coming back for more and more treatments with that company each treatment is designed to soothe all the senses simultaneously so while your nails are being pampered you can escape to the hawaiian sands as your feet get a coffee foot screwup. after a long day of work this is exactly what i needed the coffee scrub just made you feel like your feet were in the same and and you could almost hear the waves and just feel that false full sensory experience. but this luxury futuristic experience
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will cost you $60.00 for a pedicure and $55.00 for a manicure. the coffers crown look in there that wraps up our show if you want more just go ahead and check out our website at the w dot com slash business or follow us on social media i'm chris cuomo rambling from me me and the entire team thanks for.
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why i subscribe to g.w. books you meet your favorite writer write. to what i write is to share where to find beautiful. books on you tube. i think it's everything china. so much different culture between here and there challenging for it's. just the same i think it was worth it for me to come to germany. and i got my
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license to work as a swimming instructor here in our 2 children nothing else just random stuff just put. your story take part share it on info migrants dot net. welcome to news from the world of arts and culture small floods endangering venice is architectural and to stick treasures more on that in a minute also coming up. lebanese street artist i hear joins me in the studio to talk about. oppression. and lying to save people and for the common good is the topic of jacob the liar one of 100
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german must really believe that. venice is still flooded and did the latest set of 80 percent of this the goon city off the northeast coast of italy on the water 3 of the worst 10 floods since records began 120 years ago have happened in the last week now salt water is no good for many things including priceless works of art and the foundations of historic buildings. the record high tides have brought venice to its knees known for its canals and gondolas venice has always been a city of water but it's never experienced a week like this one the so-called or high water flooded the city's historical buildings including many of its most famous monuments water flowed into st mark's basilica submerging its crypt and covering the church's mosaic floors the extent of the damage can't yet be established but.
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