tv Business Deutsche Welle November 19, 2019 10:15pm-10:30pm CET
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during the return of luis enrique our personal issues and we won't get involved in that i love him persona like a muscle do not touch it's a turbulent 10 to the year for the spanish national team they have just 2 games left before next summer's european championship. you're watching u.w. newsroom watch is up next with business news stick around for that. only the adventures of the famous naturalist and explorer. too soon will bring to comics on the front boards $250.00. morning on the for you tube discovery. expedition boy. i'm not laughing at him well i guess sometimes i am but i stand up and with that research i don't think stephen for german culture of looking at the stereotype
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question but if you think the future of the country that i don't i. needed to take this drama day out to eat it's all that. i might show join me to meet the gentleman from d.w. . post. a 1000000000 euros were pledged last year but where's the money gong. african leaders in berlin for the latest g 20 contact with africa ambitious investment program to get cash flowing to the continent. putting the x. in textbooks google hopes its game streaming service will put an end to sensational games consols. and as unrest in chile continues businesses grapple with not knowing
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when it will all end. this is the day when you business sign rob what's in berlin welcome along. german chancellor angela merkel has told african leaders that transparency is the key to the future development of the continent has been hosting the g 20 compact with africa which was initiated by germany to help boost intercontinental investment but despite a 1000000000 euros being placed last year the impact is still yet to become clear. rwanda's one of africa's flagship economies last year bokes wagon opened a plant in the capital kigali to build electric cars creating hundreds of jobs the german car maker wants to invest $20000000.00 in could golly it's a significant step for a wander. up the compact with africa summit in berlin chancellor angela merkel told leaders that africa had a key role to play in solving global problems but there needed to be more openness
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and trust. via the phone beneath the t.v. we believe and i'm thoroughly convinced of this that more transparency will bring more investors to these countries because it's important for germans other g 20 investors as well as medium sized companies to have trust and transparency. is this guns guns b.c. they want to know where the investment is going under what conditions. do you thin . it's a question of good governance but it's also about funding so far 12 countries are signed up to the initiative and they're hoping they will secure investment the compact will help the government and all the stakeholders to implement reforms that will improve for the use of doing business germany signed reform partnerships with senegal and ethiopia at the conference which should facilitate better private sector development with africa. africa's you can but all africa's youth needs
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a future and that means education and jobs to do this we need to scale a financing that the public sector cannot manage alone. and in a bid to come the german economy needs to grow there too but it's slow to adopt less than 2 percent of german companies are active in africa. now in the u.s. the dow jones has slipped from its record levels thanks to some rather gloomy forecasts from the retail sector america's largest home improvement chain home depot saw its worst shares drop of the year after its latest quarterly figures failed to meet expectations its lowered its $2900.00 cells forecast for the 2nd time this year meanwhile department store kohl's saw it stock slump more than 17 percent after it slashed its the its earnings outlook so let's get an idea of
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what's eating these 2 major players in the u.s. . financial correspondent young's quarter in new york hello again so is what we've seen on choose day a sign of broader problems in the u.s. retail sector. well 1st of all we certainly saw some steve losses with the stock prices of the 2 companies home depot losing more than 5 percent in value of being by far the biggest loser in the dow jones industrial average and when it comes to the department store chain colts that stock was down by almost 20 percent it's not so much that americans are not spending any more actually the outlook for the holiday season looks pretty promising in some war where american consumers are shopping and that is not so much a brick and mortar stores and any longer we had some pretty huge bankruptcy cases when it comes to sears or barney's in new york so americans do spend but not
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necessarily at the big department stores any longer and when it comes to home depot there seems to be some internal factors some investments in the recent past that have nots transferred into higher sales at this point here let's talk a little bit more about home depot it's america's biggest home improvement chain as a. so what do these disappointing results tell us about the real estate situation in the us. you have been for the beef cause over the 1st glance you could guess that if the biggest improvement center isn't doing that great maybe that is a warning sign that something is wrong in the u.s. housing industry but at least for now that does not seem to be the case we got some fresh numbers from the us us home housing industry and actually housing starts continue to recover and if you look at building permits so if you church indicator
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we even saw in october the biggest increase in we reached the highest level when it comes to those permits in 12 years so overall especially with the federal reserve lowering interest rates so we see lower mortgage rates overall that does seem to improve the overall housing market as i mentioned home depot really seem to be an internal factor of why those numbers disappointed. all right thank you very much to that we use financial correspondent yens cortez speaking to us from new york. now the games console has for decades held a dominant position on christmas lists all over the world but google is now hoping to change the way we play with its new online streaming service if it can and has been taking a look at stadia. for years it's been mortal combat in the video games industry
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between different formats platforms and consuls now google is joining the fray with stadia the tech giant hopes playing video games across multiple devices could become as easy as watching a you tube video with its new online platform. google stadia is a new generation gaming platform one does away with the. additional barrier to entry for gamers by getting rid of the hardware that you need to buy in your home you don't need to buy an expensive p.c. or game console in order to enjoy the latest greatest aaa blockbuster games we take care of that you know datacenter and we think that this is a revolution for the games industry. stadia is taking on beloved console's like playstation and x. box by streaming the games from google data centers a special device plugged into a television makes the connection. google has spent heavily on cloud software and data centers tech sector analysts say stadia is one way of boosting returns from
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those investments. it's certainly a bold tactical move in the battle for gaming supremacy but some gaming experts remain unconvinced that streaming can achieve the same real time interaction as the good old console. now to chile where antigovernment protests don't show any sign of calming down small businesses are feeling the impact with many choosing to close their doors for fear of vandalism or even being looted meanwhile major foreign investors are dealing with the risks that come with any political uncertainty. 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
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a blast with shovels slow and dangerous work. the mining robots have attracted a lot of interest in chile and the broad. 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. as you just did it and it will ripple korea will through history but at the moment we're in the 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 good for foreign investors already have less confidence in chile and we can already observe
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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. to get. on a meter 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 walk. up to get them. some 200 kilometers further south this farmer says the situation in chile is hurting his business nicholas marlo's grows blueberries and exports nearly 150000 kilograms a year half of that to china but now with the civil unrest there are often road
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blockades and other transport problems to look. video this way if you took lots of foreign customers see a threat there why because the fruit want to arrive with the desired quality because there are some him strikes at the ports but they want to avoid thought it will take time for the economy to recover most people here realize that but nicholas morales it least hopes that his blueberry crop will not end up spoiling. and also from a business thanks for joining us. playing
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him. to stuff in simple online on your mobile and free. t.w. z. learning course nikos free german meeting c. this is t w news africa coming up in the next 15 minutes germany's brad plan for africa johnson i'm going to back will say is they are all more opportunities that risks in africa but i invested just buying into that. and food bullets and fear is that if extensions could be inflamed anything yet as the people not sit down but the better to look at the referendum on the economy that will shape the future.
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