tv Business Deutsche Welle January 30, 2020 6:15pm-6:31pm CET
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coming up with my colleague ben filling in just a few minutes time and don't forget in the meantime you can always get news on the go just download our app from the google player from the apple store which will give you access to all of the latest news from around the world as well as push notifications for breaking news and if you're part of a news story you can also send out photos and videos of what is happening around you. i'm sorry for lent thanks so much for watching have a great day. in a bustling yourself it's not easy to go to another country you know nothing about why for do this because we can't stay on its way into. the subway that. closely global news that matters d.w. made for mines. it's all happening to children.
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who are linked to from africa and the world. your link to assumption stories and discussion can you and will come to you to do something program tonight from phone in germany from the news of these eaves and what i would say d. deputed comes to africa join us on three's book d.w. africa. african health officials edge closer cooperation with china to prevent the spread of the corona virus some say it may be too late to contain the disease china or breaks one hospital after the next in like things speed to neighboring economies shut borders capra trade the movement of workers and tourism. find.
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but. an exclusive interview with. the banks. and the cost of suppression the bill so-called democracies in africa have to bring . down the internet. as. several african countries have reported a growing number of suspected cases of corona virus none have been confirmed but the center for disease control says it could have already spread. of violence in parts of africa more and more companies are warning over the potential impact of profits u.s. stocks fell in early trading the chinese economy could take a hit which would impact global growth. the chinese metropolis is waging an ongoing battle against the coronavirus new hospitals are going up in a matter of days one is opening its doors next week state television shows the
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rapid progress soon they'll be a 1000 beds available for corona patients here. the rest of the world is also working hard to stop the virus spreading many countries are canceling flights to and from china south korea has refrained from such a draconian measure but it sold international airport chinese passengers are met by quarantine officials they use infrared cameras to measure body temperature chinese visitors are also required to fill out forms anyone making false statements concerning symptoms or where they've been could face stiff fines uncertainty and travel restrictions will also impact the global economy it could very well have a serious negative effect on trade if the spread of the virus isn't contained quickly. countries like germany with very close economic ties to china will be affected the most although the german institute for economic research said on thursday that it's still too early to assess the situation there surgical mask
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manufacturing in thailand on the other hand is having to work overtime due to the ailments the disease causes surgical masks are already sold out in many countries it's not yet clear whether they offer effective protection against the virus but they can prevent someone with the virus from passing it on in coughs or sneezes ethiopian airlines has become the last african airline to suspend all flights to china where the virus has killed at least 170 people egypt air has also suspended all mainland china flights as a new year's state owned carrier and ted has also officially postponed its plans to start flights to china there's heavy air traffic between china and many african nations chinese companies have been awarded a string of contracts for infrastructure projects their. swiss drug maker hawse is struggling to deliver diagnostic tests for the coronavirus 2 big chinese cities of
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the chinese party rule is halted people from entering and leaving the virus is the law to have originated in a food market in the city of with 11000000 people was involved in identifying the sas buyers which originated in china 2 decades ago austin says it isn't doing a roaring trade for this it says the coronavirus tests have to be delivered quickly making price negotiations impossible. germany's largest lender has jumped up its 5th straight year of losses was 5700000000 euros in the red last year management blames restructuring costs for the bank has a long history of failed ventures and expensive scandals. the net loss for 2019 was the 2nd worst in deutsche bank's history after the 6800000000 euro loss booked in 20151 set its sights on entering the same league as the joint us investment banks and shares sold for over $140.00 but after
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a decade of scandals and poor decisions it's fighting for its life and a share now costs less than $10.00 christian sieving took over the top job in may 28th seen a new broom to sweep torches operations clean after an abortive attempt to merge with cross town rival comments bunker early last year saving in july announced a mess of restructuring program including some 18000 jobs to be cut by 2022 of them at the bank's headquarters in frankfurt on thursday christian saving told reporters that despite the losses the restructuring was yielding results. we've made radical decisions and pulled out of businesses in which we weren't the leaders and we were direct and consequential in putting our decisions into practice no ifs and no buts naturally that has a price and you can see that in our annual last z
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a total of $3000000000.00 euros went on charges write downs and costs relating to the restructuring and severance pay for those job cuts tax effects related to the restructuring shaved a further 2800000000 off the bottom line nonetheless off the back of savings announcement shares in the bank going slightly topping the dax index of blue chip shares in frankfurt in an interview with. the dutch bank saving alpha correspondent chelsea delaney asked if he's satisfied with developments. well in in the core businesses and these are those businesses where we are not only irrelevant but leading and which are the future cornerstones of torture bank we have done good progress and in all business divisions of course we are suffering from the low interest rate environment in particular in europe but therefore we have grown parts whether it's on the loan side whether it's in the investment funds whether it's in the debt capital markets we were very successful
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and hence i would say from an operational point of view from an operating performance point of view we see the growth we have seen the momentum in particular after we announce the restructuring and hence we are satisfied with the development . some people have said this restructuring is sort of a trench but banks global ambitions do you see it as that no i don't i think this restructuring was to focus on that what we can do best and where we are leading and you have seen that with the restructuring we haven't closed down one international country we are a global bank we are relevant and we are active in more than 60 countries directly we stated that we are committed to that and our clients want a global bank out of germany can join and support them and hence it is not at all a retrenchment if you see the revenues coming from international versus germany there is no deterioration or decline so we remain committed to the world. you
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mentioned several times of a growth in asia do you see any impact from the spreading coronavirus in a potential slowdown in the asian economy i think it's too early to judge of course we are monitoring that closely we in particular also monitor the situation for our employees in that region but i would also warn to be you know kind of too pessimistic what can happen with the economy i think the chinese economy is a very strong one yes we are monitoring for the time being we have no impact but rest assured that we stay close to that. the dutch bank c.e.o. there officials have extended talks in washington to settle a dispute over ethiopia's grande venice all stand because she is for ethiopia egypt and sudan deadlocked over the fine print of a deal to regulate the $4000000000.00 project that's according to the b.b.c. ethiopia is building the dam to generate electricity but neighbors are wired their
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water supplies will be cut short. internet shutdowns in africa are on the increase most are intentional by governments to suppress on resto prevent the free flow of information those governments pay a high price when they shut down the net and social media in 2019 internet shutdowns in sub-saharan africa cost a total of choose point $2000000000.00 those targeted shutdowns by several countries taste that lasted almost $8000.00 a quarter of all internet disruptions worldwide the economic impact of shutdowns is considerable sedan is far ahead of the pack with shutdowns across the east african nation of $1600000000.00 followed by chad with $65000000.00 and a d c ethiopia and zimbabwe it had shut down so just damage local economies of course and companies they also stop international firms from doing business there let's
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bring in julio wardo she's executive director of internet without borders thouse this affecting the development of the tech and start ups for example because they're very reliant on the internet i mean they can't do business without the ne. absolutely and one very good example to show the impact on the development of a net economy and so what happened in cameroon 3 years ago now when in 2017 the government decided to shut down the internet into specific regions of the country where english is spoken and these regions have been to host what is now known as the silicon mountain and so it's sort of replication of the city come valley but you can room and sit during internet sit down in cameroon many companies had to stop functioning couldn't function anymore it basically kilt a burgeoning tech economy tech ecosystems which is still as we are speaking
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a recovering from that period so it's really a paradoxical that governments in africa are at the same time i was ok taking for a digital revolution are also advocating for a digital digital is a share of our economy can political lives but at the same time they are cutting the they grow material which is here connectivity doesn't absolutely doesn't make any sense that what about the effect on democracy because that's one thing investors look for when besting in certain countries the out politically stable data. well some governments are arguing that they're using internet shutdowns to preserve stability because we have to remember that justification isn't a given by governments it's either nationals to print their national security for instance against the spread of this information or it can state the spread of state speech so it's an argument that they're using to justify it's debilitating out that
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society but what we're saying is it's doesn't work it's absolutely country protective international downs have never stopped the spread of hate speech and just information when it stops the spread of hiv it's from a ship is working with for instance platforms and civil society organizations to understand there are groups at the problem but in addition to not even solving this problem they are indeed causing economy she huge economy problems that are going to impact these societies on the on the short and long term so it's it's absolutely inefficient but the problem is that the more also we are arguing the kind of make you know impact the more these countries are getting stuff just to cait it in order to be able to shut down without affecting cunny and that's very worrying to the one of the executive director of the internet without borders thank you very much and nice thing business with you rick.
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this instead of the news africa is coming up in the next 15 minutes the world's fastest growing humanitarian emergency hundreds of thousands of people in but enough have been forced from their homes because of violence refugee agencies warn the situation is the age at. last and really there was 60000 people displaced in book in the far south now and there must be more than 600 farms. and
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