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tv   Business  Deutsche Welle  February 11, 2020 6:15pm-6:31pm CET

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where they throw their waist and look at little closer at the unexpected beauties around them. is one of our top story transitional government says agreed to hand over to former president obama to the international criminal court is wanted on charges of crimes against humanity and genocide. africa i'll be back at the top of the. different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters. for minds.
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go to the girl next to you to check. the good line of story. with exclusive. must see concerning. your own. to be curious minds. do it yourself networkers. subscribe and don't miss out. of the dangerous. the pulse in commercial heart of nigeria with toxic shoals. of economic hard dealing with. the coronavirus rathole so the global economy disrupting many ended. straits travel
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aviation and shipping companies are scaling back operations automotive electronic and industrial supply chains are suffering as well. germany's construction industry happens at africa's growing potential. also one of the piece of the pie and africa and have to compete with china. is this business africa welcome to the program. lagos is one of the biggest cities on the african continent motorcycles and try sickles vital modes of transport for as events yet since february 1st the state government has banned this effective method of transport in those areas commercial capital it's pulling the plug on. coal locally in most parts of the city and there aren't any obvious alternatives to fill the gap in the public transport system. motorbike taxis have always been the found and cheapest way to get through the traffic in the mega city of lego's they're called o'connor is here since the
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beginning of february o'connor's in the city's 3 wheeled rickshaws have been banned the official reason is too many accidents it's not the 1st time the authorities have tried to get them off the streets but this time they're serious all the drivers who rely on driving motorbike taxis are outraged. everybody is going to. avoid what we do right out boarding. and getting from a to b. in lagos is incredibly difficult without motorbike taxis in rickshaws a public transport infrastructure doesn't even exist. i think that's kept thinking by my side if you don't. get what i. get a kick up if you provide any means of transportation of all people the government has promised to introduce more public transport but no one here believes it will happen any time soon. let's go to our correspondent for chukwurah in lego's
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how did you get to work this morning. well today was a weekly different i got to walk in and getting to walk every day is always complicated and sometimes even chaotic you can imagine a city raef around 20000000 people and a very efficient public transport system as a shuttle for people like me who leave on the mainland and walk on the island that commute should be around 54 minutes but you could take up to 4 hours because of the intense heat that's why many times before bikes. are the best option for many people to be chaffee can't see if time or the state government says the brown was for safety reasons though it sounds a bit extreme good to be another reason behind this by. well for safety reasons that's definitely one of the major reasons why they have missed
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several accidents on the roads because many of these right as do not use hell man time they don't provide helmets for their passengers so of course it has led to thousands of accidents on the roads and also for security reasons because in the past as i've been used for crimes crimes but many people are criticizing the government saying that it's part of an overall hakim's plan to push out poor people from the city which also you could see in the ever question of people from see all these thousands of people rained out homeless are left with no other option that to leave the city. first took over for us in lagos thank you. china is bolstering its economy from the corona virus outbreak the central government has already freed tens of billions of dollars worth of government stimulus cities like shanghai cutting loan rates and increasing lending businesses
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started snapping up that's cheap credit suggesting the need made significant. cities virtually deserted shops closed transport links at a minimum customers nowhere to be seen. with economic activity at a standstill in many parts of china hundreds of businesses are now seeking billions in loans to keep them afloat banking sources in beijing have told reuters that around $300.00 chinese companies have sought loans worth more than $8000000000.00 u.s. dollars to try and soften the impact of the crisis that comes at a time when the chinese economy is already going through a difficult period of transition the government has already pumped more than $200000000000.00 u.s. dollars into the country's financial system to avoid volatility president paying has made little comment since the outbreak began but he visited hospitals this week and talked up the government response. let's fight this defense war
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this war against the epidemic with full confidence let's fight this people's war we must build up our confidence we will eventually win. fighting talk. but a report published on shoes day by a senior member of a chinese government think tank says the outbreak could take at least one percentage point off china's entire g.d.p. for 2020 more bad news for the chinese economy which will inevitably impact the wider global economy. now to some of the other global business stories making headlines today energy related c o 2 emissions across the globe flattened last year despite expectations of another rise that's according to the international energy agency more renewable energy and the switch from coal to natural gas lead to less emissions from developed countries slowing economic growth in emerging countries also played. to
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mobile's bid to take over u.s. mobile networks sprint is a big step closer a federal judge ruling that the $26.00 and a half $1000000000.00 deal does not fall foul of competition laws it's the last major hurdle in a 2 year approval process team obama could now finalize the deal as early as april . germany is struggling to come up with answers to competing with china when doing business in africa today representatives of the construction industry met up with policymakers in berlin on top of the agenda how to tap the potential in the continent's fast growing markets like ethiopia. welcome to addis ababa the capital of the one of the world's fastest growing economies business is booming here and the government has been investing big time on average it has reinvested more than 30 percent of its annual g.d.p. into its economy every year a lot has gone into infrastructure like the grand if european renaissance dam it
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will be africa's largest hydropower down when completed and it will have cost more than $4500000000.00 china is providing a significant amount of the international financing and chinese companies were involved in nearly a 3rd of major infrastructure projects in africa last year according to global consulting firm deloitte european firms were far behind with just 8.4 percent. that means german companies are hardly present in major african infrastructure projects but germany's construction industry says it wants to change that to get a piece of the pie on the african continent. a piece of the pie my colleague a bunch of better was meeting today at the german construction industry with policymakers in berlin where as they went by the sudden interest in africa and well it's not quite sudden if you've been following what merkel has been saying the last 23 years i mean she mentioned the g.
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20 meeting which was and held in hamburg believe 2 years or so ago just over 2 years ago and the interest in africa of course is related also to migration for one just one of the issues if those problems on the african continent people come to europe and that also causes other problems here and of course it's also the you know going to be the most populous continent at some point so europe has to create a strategy that sort of can tap into this growing market so that they have various reasons of business reasons and they also geo political ones as well as how the only altruistic of course did they come up with a strategy for competing with china had to get along with they know it is a bit more complex because of course at this meeting between the construction industry and policymakers it's also part of a bigger european africa year for you know europe africa relations which germany wants to really take charge on. the end of the. e.u.
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africa summit and that's one thing and germany is also present taking over the presidency of the european. council of europe and so that's going to be an opportunity for germany to take charge and of course they need to be able to probably have the buy in from people from different industries in terms of the strategy that they want to go with the european partners and then of course hopefully get their you know european partners buy in and then have that strategy once they have the e.u. africa summit later this year bella thank you very much for that update. dimas profits have fallen by nearly 2 thirds last year that's the devastating. admission the german carmaker. lenny has to make tuesday morning the diesel crisis trumps trade war and the move towards electric have hit a bottom line hard time a boss all a colonias attempted to downplay the disappointing figures with comforting phrases
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like investments in new technologies and special expenses profits in $29000.00 was 64 percent lower than the previous year at $2700000000.00 euros the results are much worse than expected if you not feelin a game as it were presently on the financial results that we're presenting for 29000 are not those that we want to see in the future. again it's not enough to call them it's not fair to this good in proud company. it's not the name of god i don't accept it and we're making new plans for the future of us of europe for hard food it's a court but it won't be easy for the ailing car company diners electro offensive his spluttering due to a lack of high quality batteries and customers hesitating to buy on the diesel case scandal is also partially sublime for the lackluster showing. time to spend lots of time and money on the next class pickups but production had to be cancelled due to
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low sales numbers. the situation is hitting diners employees hardest job and business daily hundreds but reports that diner plans to cut $15000.00 jobs worldwide. and that's for me and the business in hear more business news had lots of course on our website w dot com slash business and also to follow us on facebook and twitter if you don't already do you now for news africa before that here's a quick update on global markets as of this hour thank you very much for watching.
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earth. home. of species. worth saving and. get those are big changes and most start with small steps. doors of could induce people into innovative projects around the world. to use the
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term used to urge submissions forster's. to interactive content to next generation by touching. channels available to people to get out. and were determined to build something new for the next generation along. the environment series of global 3000. this is the tipping is africa coming up in the next 15 minutes and change off attack i'm obviously into as speed to hard this insurgency intensifies despite military efforts president case essays is now grating to talk with the extremists but not everyone thinks it's a good idea. and actually has a good day now said monday that walked out of prison
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a free madoff to 27 years behind bars we'll hear from one of the. closest friends.

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