tv Business Deutsche Welle February 10, 2020 10:15pm-10:31pm CET
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hospital is home to 3 babies born to mothers who had the virus. the mother's condition had worsened 2 days before being admitted to the hospital and an emergency says erin section was done. outside workers and trucks roam the city spraying disinfectant it's clear that in wuhan at least the crisis is far from over. business news with katie ferguson is up next stick around she'll be right back. w.'s talk show. strong opinions clear positions from international perspectives. every week we get to the point on our current topic.
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of oakland. committed. to the point. of. every journey begins with the 1st step and every language with the 1st word published in the. rico is in germany to learn german and why not with him it's simple online on your mobile and free. d w z e learning course nikos fake german made easy. the united states accuses china of carrying out one of the world's largest ever hocks prosecutors accuse 4 members of the chinese military of stealing vast quantities of data from credit reporting company asking fox back in 2017. also coming up oil prices pulled to below $50.00
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a barrel as investors fear the coronavirus could continue to squeeze demonic from china the latest from our correspondent on wall street. car makers are india's largest auto show are hoping to electrify consumers with eco friendly mobility options but are people ready to spend big to save the environment . this is new business ferguson welcome we begin in the united states where prosecutors have charged 4 members of the chinese military for taking part in a major hock of credit reporting agency equifax in 2017 days have belonged to nearly 150000000 american citizens was stolen in what's being called one of the world's largest ever day ship reaches officials said it took over a year to track the suspects through the dozens of servers they used to hide their tracks. for more on this i'm joined by business reporter daniel wynter has been tracking this story for us daniel 150000000 people that's almost half of the entire
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u.s. population just tell me why did this one company equifax have all this data in the 1st place well that's what makes this so shocking because they do have a wide range of data on us citizens including names and social security numbers and dates of birth as well and those are important because with that data you could gain access to medical records that say or even to bank accounts now equifax is a credit rating agency a credit history agency so if you want to take out a loan with your bank the new bank might contact them to see if your credit worthy now at the time and 2017 u.s. authorities were of course outraged at this and the c.e.o. richard smith was forced to resign and those u.s. authorities find equifax $700000000.00 a huge amount of course but the announcement today was much more about the actual attackers themselves ok and on that so we know what equifax is doing with all this
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data what the hikers want to achieve well i mean a start aside from the you know stealing trade secrets and an intellectual property u.s. attorney general william bar so that the aim of the hackers was something quite a bit more mysterious so let's take a listen to him. this data has economic value and these can feed china's development of artificial intelligence tools as well as the creation of intelligence targeting packages. yes so a on i is seems to be the reason that now apparently after several big attacks the u.s. suspects that china wants to kind of build a picture of u.s. intelligence networks the people who work for them the people who are associated with them so for example with the equifax data it could be that china wants to target certain members of the public who might be vulnerable to blackmail or bribery ok so potentially from a huge amount of cases there what is the u.s.
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actually hoping to achieve with this investigation well i mean it's clear that they can't just go to china under arrest these people but the f.b.i. deputy director david bowditch said that the case was more about putting pressure on those who commit crimes against the u.s. and i think we can take a listen to a clip of him as well some might wonder what good it does when these hackers are seemingly beyond our reach we answer this question all the time we tried it we can't take them into custody try them in a court of law and lock them up not today anyway but one day these criminals will slip up and when they do it will be their. so it's clear he's just calling out china for its crimes are quite publicly that seems to be the real point slowly but let's look at the broader picture here this comes at a really a sensitive time for us chinese trade ties recently seen the signing of a phase one trade deal phase 2 that's coming up is set to contain all the macy's
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stuff is there any trust left at all between these 2 countries well i mean this seems to be a lot of cognitive dissonance that's the big problem but david bowditch we saw just that he himself said that just because of this case doesn't mean that we have to stop doing business in china or hosting chinese businesses in the u.s. yet this is one of several chinese cyber attacks against the u.s. including on the cia a health insurer and a hotel company and all trying to build up a picture of u.s. intelligence operations but it seems the u.s. is able to separate these things out and continue to do business as usual with trying to defend and indeed anyone to thank so much for your insights businesses in some parts of china have reopened as the period of self-imposed closure is due to the coronavirus comes to an end the move means that awful supply chain could soon open up again its supplier foxconn says it will resume operations on 2 assembly lines meanwhile chinese president xi jinping visited workers at
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a hospital in beijing he says his country will strive to meet its economic targets for the year despite the impact of the virus meanwhile the world health organization says new cases outside china could be a spark that lights a bigger fire. staying with the corona virus the price of oil fell to under $50.00 a barrel on monday as investors worry about the impact of weakening demand from china a technical group of the opec oil producing cartel called for i put cuts over the weekend but it remains unclear whether members will follow the commission's advice the price of crude has dipped more than 20 percent so far this year. and for more on this let's cross right over to g.w. is financial correspondent again scott on wall street good to talk to you what do you think the chances are of opec actually cutting production.
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well it's open we have opec on one side and then we have the so-called opec plus group on the other that includes $23.00 nations also russia and especially russia seems to be hesitant to actually cut oil production because what we've seen in the past is when opec plus did cut oil production the u.s. did not so actually the united states were pumping more and more oil when opec plus stabilize them the prices and well we've seen it in the past couple of months that the united states actually became the biggest oil producer on the planet and so as i said especially russia might be hesitant to cut rates again ok as i look we're seeing the price of a barrel of crude already under $50.00 how low do you think that this can actually go. well it is clearly possible that we could to retest the lows that we saw at the end of $28.00 teen soil big ben was at around $45.00 so that is
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the best years intermediate oil that trades here in new york so that would mean another drop of 10 percent is clearly possible and what we see what's happening with oil right now it's not just the demand side out of china we also have less demand here in the united states by the way also for natural gas because we have an unusually mild winter and then when we come on the supply side so we have the united states pumping and pumping and pumping oil so it's that mixture that drives prices higher for quite some time for oil we already had the weakest generally for oil since 1991 and prices just continue dropping. yes clinton will change thank you now some of the other stories making news around the world. sony have announced they're joining the list of companies who won't be world
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congress in barcelona later this month sweden's ericsson on the l.g. from south korea are also withdrawing citing fears over the coronavirus. chinese carmaker jianli is planning a merger with its subsidiary volvo he has held the swedish company at arm's length since acquiring us in 2010 chairman says he wants to accelerate the sharing of financial and tech resources between the firms to create a quote strong global. german carmaker dime there are no plans to cut $15000.00 jobs by means of severance pay and early retirement that would be a step up from its current cost cutting plans according to a german newspaper reports the carmaker aims to lower labor costs by $1400000000.00 euros by the end of 2022. now india's biggest car show is underway on this year exhibitors are keen to show off their relations to electric offerings but in a country where infrastructure is poor spending power weak the big question is will
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the eco friendly alternatives catch on. how would that go down with the mass market in india hopes it will be music to the ears at auto expo 2020 india's biggest car show. the south korean s.u.v.s are popular with the smaller least which can spend the money on status symbols. the vast majority of indians buy cars the cost less than $10000.00 euros and even that can be a bit too much sometimes last year the sale of new cars collapse by turchin percent . of the indian market really wants originals and these were available at the show even electric rituals gernot a new on the indian market these days. india is very much that and that is that quickly while we got that next 5 years i would project something like 35 to 30 percent of that die out of. the population the boy electric. so will rituals lead
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the charge for electro mobility in india until now only one percent of all cars are electric but at this auto show there is hardly a single standard that some form of electric mobility in the headlights the indian government has signaled that it will offer buyers of electric cars premiums of up to 2000 euro's that could give the indian car market the necessary boost to help it out of the trough. and outfit from me on the business team here in berlin you can get more news and features on our website that's details are you dot com slash business we're also on facebook and twitter to feel free to drop us a line there for me if can tie and take care.
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still. learn german for free but the devil you. know is going to tell my manager who to day. you know the banks. and so watch the language of the bank. speaking the truth global news that matters w. made for mines. this is state of reviews africa coming up in the next 15 minutes separatists in cameroon step up their reign of terror against civilians. not going up or the equivalent of one of them was flocking my back was a machine and the other person completely chopped off my leg. what is fueling the violence and the elections being held in the country make
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