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tv   Business  Deutsche Welle  January 7, 2020 11:30am-11:46am CET

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global auto mobility show every week w. . in the. picture. for cars. what's in store. for the future. for can make a city to incite clear answer. is the threat of a randy in cyber attacks throwing around his targeted western businesses in the past to do so again as it retaliates for the killing of a top commander. and his bushfires are taking an economic toll tourism has been gutted in many regions some businesses have been stopped in their tracks and insurers are facing
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a wave of claims. this is your business report i'm stephen beers in berlin it's good to have you with us investors around the world are keeping an eye on tensions between america and iran with tehran promising a major retaliation for the killing of its military commander costumes with a mani american businesses be a target it would be the 1st time a rant has put them in the crosshairs iranian hackers target j.p. morgan chase bank of america and wells fargo with large the nile of service attacks between 20112013 that made it difficult for customers to access their accounts. the country attacked the saudi aramco oil company in 2017 with the shamoun virus that was so devastating that the network had to be rebuilt almost entirely from scratch and earlier last year i'm sorry later last year november 29th team microsoft experts suspected that iranian hackers were focusing on physical targets employees at major manufacturers and operators of industrial control systems used by power
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grids manufacturers and oil refineries now of course iran is also vulnerable to cyber attacks the u.s. targeted iranian air defense and command sites in a june 21000 attack that a response to tehran's downing of a u.s. drone now earlier i asked cyber security experts then happen if iran really was capable of a major attack. well iran has 2 prong capabilities their patriotic hacker of their do some low level stuff like defacing and sides and nothing too urgent but they have also very good cyber capabilities in the military we call them advanced persistent threats and they are pretty capable i would counsel to the top 20 capable militaries in the world when it comes to cyber attacks. should they or execute a cyber attack in this in the follow up to these tensions that are been going on with that we consider an escalation of the escalation how are cyber attacks seen in the spectrum of just warfare so i guess you can scale cyber attacks pretty well you can do something you can drop some bangs you can disrupt some companies or you can
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go for example for switching off original power grid if they have the capabilities and if they have the access to get serious then going after bank out imagine right so it can be a deescalation oh ok we respond only with you know shutting down the bank for one of the days with the denial of service attack or it can go to escalatory where we shut down the whole group of region in the united states so what they can do is pretty scalable and it remains to be seen what access they have and what capabilities have right now so these major banks that we just mentioned obviously they were prepared at the time that they were attacked are they any better prepared now or any major companies prepared for something that iran could pull off in your estimation so i think in the end of the day they're better prepared than they were a couple of years ago but that doesn't mean that they can withstand military capable side of operations force such as the iranians have some might be able to do that most of them will not be able to do that so the focus right now is looking inward preparing employees again saying there's something on the rise and test your contingency plans to what extent is the u.s.
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government prepared for an attack on infrastructure for example has it improved its defenses over time so they have improved but i still don't think they will be able to withstand not most or some of the what their range can throw at them are they reissued a warning the department of homeland security and their technical capabilities department. just issued a new technical statement advising what companies can do down to the details so they were prepared they should something but nobody's down on how good the industry is prepared who would you say is most vulnerable not necessarily naming names but what kinds of industries what kind of businesses in particular if we look outside of infrastructure maybe including a structure maybe some of these projects are more vulnerable what do you see so i think you go for what is not as secure but at the same time as it goes bang it has a huge impact i would definitely go as an attack i would go for the critical infrastructure i suppose supply water supply all that kind of things the iranians have proved a couple of years ago that they hacked into an american system for example so that's what i would go off and of course they have experience as well being on the
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other end with a limit games for one of the most famous cyber attacks have they learned through that that they have to be on the offensive i think so they know that they can be attacked in 5 years place we have just heard that it just happened again couple of months ago after the military strike so yes they are prepared they're preparing the offensive capabilities but the point is they are much less vulnerable than the united states because they are much less networked and the industry is much less networked than for example united states and the flight years old much less networked the country as a defense i guess it's been helping with the. thank you very much. markets have been stabilizing following a frantic start to the week caused by those tensions between the u.s. and iran oil prices hit months long highs on months long months long highs on monday excuse me as traders fear retaliation for the u.s. killing of iranian commander qassam soleimani but tuesday has seen a dip in prices with a revenge attack apparently seeming less likely global shares have also been
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recovering ground lost on monday. a slump in global demand so auto production in germany fall 9 percent last year the slows output since 1907 the industry association says germany built just $4700000.00 cars in 2019 export markets are continuing to dry up and demand has been hit by the us china trade war sales rose by 5 percent though the industry is also rattled by uncertainty about emissions restrictions as well as technological change. let's bring in our financial correspondent in frankfurt chelsea delaney is the chelsea the markets gaining again has the shock worn off from these tensions. and i'm not sure if chelsea can hear me right now are you there. i guess i can hear you chelsea and i just looks like markets again again today. has the shock worn off
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from these tensions between the u.s. and iran. it's actually a brighter mood on markets here today in frankfurt the dax as you can see behind me it's about one percent. stocks are also up about 0.5 percent so investors are going back into every scare assets but messrs also remained quite cautious here as as. iran has threatened to. fight back there at their base that today that they're considering 13 different avenues for retaliation and one of the concerns remains if they will strike while infrastructure which could have really close repression so i think it's on the backburner today but it's definitely going to her man a concern for investors going forward. and shells image and earlier that falling car production in germany what's driving these numbers. there are really a couple different factors that are really weighing on the auto industry here one of one of the big issues of the trade war between china and the u.s.
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china has been a really big market especially for a luxury german automakers that's really been hurting as as the economy has slowed down there one of the other problems. that's also very important market and uncertainty over that has really had exports for export for the german car destry were down about 13 percent last year and this all really comes at a bad time for the auto industry here in germany because they're really investing a lot of money and reading in this new fleet of electric vehicles that's very expensive for them so they really don't want to be seeing a decline and their and their major brackets right now all right chelsey delaney there for some frankfurt thank you. and here's the other stories from the automotive industry that we're trucking these on says it will still pursue legal action against his former boss carlos ghosn despite this escape from japan's lebannon japanese carmaker said committed misconduct at the company's helm
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meanwhile tokyo prosecutors have issued an arrest warrant for gold's wife carol go on in connection with her husband's disappearance. green carmaker hyundai and u.s. ride sharing service are teaming up to develop electric cell flying cars they made the announcement at the consumer electronics show in las vegas the vehicles are being billed as the answer to urban congestion a major technological and regulatory barriers remain. shares in aston martin have plunged some 13 percent after the company warned its profits would be down by nearly half the british luxury carmaker bling blames weak demands in europe for the fall. a celebratory dance from tesla boss in long last as the u.s. carmakers livered its 1st chinese made cars to customers ordinary buyers receive the 1st vehicles produced in the company's shanghai gigafactory for musk himself. this and i believe we have one more report here looking at the cost of these fires
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as we know those fires could last for months in the future but the economic costs are already making themselves known. chart and deserves it 50 each in the village of eden in fact eastern australia is usually teeming with turrets not all you can find here is dead wildlife the impact on local businesses has been immense. and i thought to not send them i want you to tap where. they're at. yeah. the tourists have had lawyers tourists but without income which is praying that profit and its rights which we carry south for winter the fires still raging in many places are having a huge economic as well as environmental impact insurance companies say they've received
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a rant 8500 claims so far amounting to the equivalent of some 430000000 euros in losses but the scale of devastation suggests the eventual figure will be significantly higher than the us. it's before we even begin to count the cost to business to those people who might not have lost their homes but they don't have a place to turn up for work today they're not sure how their next paycheck is going to roar the cost of these presented so far the astray in government has resisted calls to cut carbon emissions further on the basis that it would harm the economy which relies heavily on coal and gas exports but the cost of the fires which scientists say were more intense because of climate change will add to increasingly urgent calls to reassess policy boeing's grounded $737.00 max jet may have problems that go beyond software the new york times is
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reporting that there are concerns that on board wiring the controls the tail functions could cause a short circuit so the wires were laid too close together the potential design flaw may also affect other 7 $37.00 models including thousands of planes that are currently in service. and that's it for me and the business team here in berlin you can find out more about these and other stories online at www dot com slash business you can check us out on facebook and twitter even. let's watch.
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what secrets lie behind the. discover new adventure game 360 to. explore fascinating world heritage sites. world heritage 360 kept now. present here of its most
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salacious and its most exciting. most creative coaching claim true to taste. really charming. thank you liz your resistible. on t.w. . welcome to news from the world of arts and culture and the awards season began on sunday night in hollywood with the golden globes we'll be taking a look back at that also coming up. sofia fog of it was the 1st trained female jewish come to war in europe and she's my
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guest in the studio. and in our continuing series 100 german must reads a tragic but beautiful book called on by robots buzz. machine. bots we begin with the golden globes and in the ongoing war between streaming services and hollywood it seems hollywood was the big winner this time netflix did have 34 nominations but only walked away with 2 prizes. best movie in the comedy or musical category went to quentin tarantino's once upon a time in hollywood and brad pitt also picked up best supporting actor that. best actor in a drama unsurprisingly went to work in phoenix for his amazing tool to force in the joke. and also no surprise best actress to
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run a. trail and singing in jude. and the big surprise came in the best movie.

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